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Rounds of Play

 

As stated before, there are four rounds of play, three semifinals and a final round. Let's go over each round and show how it is structured.

Round One

All the players eligible for the playoff are entered in this round. Prior to play, each player is given $3,000 as a bonus payment to keep. This money is not at risk during the playoffs.
In addition, each player is given an equal number of no redeemable chips. These chips have no cash value and are to be used during the first round of play only. They are bet during the first fifty hands of basic Let It Ride®. At the end of the fifty hands, the fifty players with the most chips are eligible to go to the next round.


Round Two

The field has now been winnowed to fifty players. Each player is again given $3,000 to keep, and a new set of no redeemable chips. The chips from the previous round have been given back and are no longer in play. So, at this point, the fifty players have an equal number of chips. Again, fifty hands are played. The top twenty-five players at the end of these fifty hands are eligible for round three.

Round Three

Prior to round three, each of the twenty-five remaining players is given $3;000 to keep. By this time, they've each accumulated $9,000. They are also each given an equal number of non-redeemable chips to play with. Fifty hands are once more played. At the end of this round, the top five players are eligible for the fourth and final round.

 
Gutshot to the Nuts but no Overcard
 
The bet had some chance of winning, and even though it wasn't likely to catch all three of my opponents with a fold, it could easily have set me up for a winning bet on the turn or river. Plus, I had backup outs just in case I needed them. A lot of players wouldn't bet. I didn't have a made hand and didn't really think I had the best hand. But I didn't completely miss that flop and it was possible that they did. Failure to bet at that point was just giving up prematurely.

The bet seemed to go wrong when the under the gun player raised, and the other two opponents folded. I called the raise but was ready to discount the idea that I could pair and win. Things didn't turn out the way I had hoped, but I think the bet was still the right thing to do, that the bet worked out well often enough to make it right.
 
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