Turning to tournament style
The stakes in the game range from Rs blinds right up to Rs 10,—Rs 20, blinds. The buy-ins for some games can even go up to Rs 10 lakhs. The casino makes money from live cash games by taking a percentage from every hand that is played.
This ranges from three to five percent of the total pot with a cap of around Rs 5, The more hands played, the more the casino rakes in. Most poker rooms in India are still small, containing eight tables at the most. Once eliminated from the tournament, most players sit down and play a cash game.
This is when the casino starts making money. Tournament poker is what started the worldwide boom in the sport. It is known in the poker world as The Moneymaker Effect. Casinos in Goa are hosting tournaments organized by various players, groups and companies.
The Shark, a New Delh- based company, organizes two to three tournaments a year. While the number is still small it shows that people are willing to travel all the way to Goa to play in a tournament. There is no credit issue and you can play with different players in a great atmosphere.
But for the game to really take off, casino and gambling legislation is going to need a huge overhaul. As exposure to the game increases we expect it to move beyond these cities. Both Gupta and Bagai mentioned the impact of Facebook on the growth of the game. In a country that is stuck in the traditional careers of engineering and medicine, this mind-set shift will take some time.
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