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Florida raises poker stakes
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Sun City resident Ann Parisen, center, eyes her cards at the Sarasota Kennel Club's One-Eyed Jacks poker room. Regulations now allow poker rooms to offer "no limit" buy-ins.
By DAVID BALL Correspondent
Published: Tuesday, July 6, 2010 at 1:00 a.m.
Last Modified: Tuesday, July 6, 2010 at 12:12 a.m.
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SARASOTA - Quick quiz: What does Florida have in common with Las Vegas?
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If you answered, warm weather and a real estate downturn, you would be only partially right. As of July 1, you can also put your life savings here on a game of cards.
A new state law allows no-limit poker betting at 23 casinos and pari-mutuels parlors in Florida, including One-Eyed Jacks Poker Room at the Sarasota Kennel Club.
According to the website CardPlayer.com, the new law "is expected to propel Florida into one of the premiere poker destinations in the country."
"Florida becomes another Atlantic City, Tunica or Vegas," Russ Christianson, the vice president of gaming operations at the Seminole Hard Rock Hotel & Casino, told the website.
That is quite a progression since 1997, when Florida first legalized poker, but limited pots to $10 -- total. The new law is part of a compact reached with the Seminole Indians and is expected to pay the state $150 million annually over the next decade.
The scene at One-Eyed Jacks on Friday night did not exactly mirror Bobby's Room -- the exclusive den for high-rollers at Las Vegas' Bellagio Hotel. But it was a start: Some players received back massages while guarding stacks of chips once unobtainable at the local poker room, while other players limped away with holes in their bank accounts they hoped their wives wouldn't notice.
Dealers were told to stop the small talk in respect to a different class of player. The cashier's window was moved to a secure corner of the building in order to keep closer tabs on the increased cash.
The most serious games will take place in a new four-table "high rollers" room, where players get complimentary food and drinks off a special menu.
With the excitement of high-stakes poker comes questions whether card sharks will migrate to Florida to take advantage of novices swimming in deeper waters than their skills allow. Some top national poker players are reportedly looking for part-time residences in South Florida.
One-Eyed Jacks Poker Operations Director Sam Minutello said professional players including Erick Lindgren and Gavin Smith have already agreed to come in for some high-stakes games that could easily put $50,000 up for grabs.
"People are going to want to play against professionals and try and win the big pots," he said. "My advice to people who are watching no-limit poker on TV and want to come and try it -- don't bite off more than you can chew."
On Friday, Sarasota resident Jeff Price tried his luck at the new no-limit tables and dreamed of staring down a tournament pro like Phil Ivey or Daniel Negreanu and pushing a towering stack of chips all-in.
"I'd love to sit at a table with a pro and test my game," Price said. "Yeah, there's a really good chance of losing -- but it would be an experience."
The new law affects no-limit Texas hold'em, a version of poker popularized by televised tournaments such as the World Series of Poker and World Poker Tour.
Prior to July 1, players in Florida could buy-in a game for up to $100, so pots could only reach about $1,000. The term no-limit means a player can bet all his or her chips at any time.
The new law removes the buy-in limit, so pots can climb into the tens of thousands and beyond. Poker rooms can also now stay open later, including 24 hours on weekends.
Business is already up at One-Eyed Jacks, where the venue's 32 poker tables were buzzing with players during the first two days of the new no-limit rules.
"We've had more people than usual for this time of year," said Minutello, whose managed the poker room for four years. "Most of the games aren't going really high (stakes) yet, but we'll see once we get into our busy season in November and December."
The poker room now offers no-limit games with buy-ins of $60, $200, $500 and $1,000, in addition to limit games from $20 to $300.
Most gamblers said the higher-stakes, no-limit games allowed for better poker strategy and more fun than smaller limit games.
"You can put more pressure on players to fold. You can play the game the way it's meant to be played," said Jason Allen, 31, who won more than he lost.
Jeremy, 30, didn't fare as well. He didn't give his last name so his wife wouldn't find out about his gambling, he said.
"I didn't do too good," he said. "The high stakes don't really affect me. I just try and keep it manageable."
Al, 36, also didn't give his last name. He said he expected to be up on his $300 bankroll even with highly competitive players coming in from Tampa, Orlando and Naples.
As for Price, he said that dream match against a poker pro might have to wait until he can afford buy in to a high-stakes game. On Friday, he spent his 20th birthday about $10 up on the $70 he came in with.
"I'm thinking about going on limit. It's safer, but not nearly as fun as no-limit," he said. "I'd say if you come once a week to play limit with $20, just save your money for three weeks and come play no-limit."
Business is already up at One-Eyed Jacks, where the venue's 32 poker tables were buzzing with players during the first two days of the new no-limit rules.
"We've had more people than usual for this time of year," said Minutello, whose managed the poker room for four years. "Most of the games aren't going really high (stakes) yet, but we'll see once we get into our busy season in November and December."
The poker room now offers no-limit games with buy-ins of $60, $200, $500 and $1,000, in addition to limit games from $20 to $300.
Most gamblers said the higher-stakes, no-limit games allowed for better poker strategy and more fun than smaller limit games.
"You can put more pressure on players to fold. You can play the game the way it's meant to be played," said Jason Allen, 31, who won more than he lost.
Jeremy, 30, didn't fare as well. He didn't give his last name so his wife wouldn't find out about his gambling, he said.
"I didn't do too good," he said. "The high stakes don't really affect me. I just try and keep it manageable."
Al, 36, also didn't give his last name. He said he expected to be up on his $300 bankroll even with highly competitive players coming in from Tampa, Orlando and Naples.
As for Price, he said that dream match against a poker pro might have to wait until he can afford buy in to a high-stakes game. On Friday, he spent his 20th birthday about $10 up on the $70 he came in with.
"I'm thinking about going on limit. It's safer, but not nearly as fun as no-limit," he said. "I'd say if you come once a week to play limit with $20, just save your money for three weeks and come play no-limit."