Arnold Rothstein was a gambler, a gangster and a genius. He was the original Wise Guy.

A good friend of mine who plays more Hold-Em then Omaha read my article on how often you should play a hand in Omaha. He then challenged me to calculate how often you should you play a hand in Hold- Em.

To answer this question I once again turned to Wilson's software. This time I used Turbo Texas Hold-Em and ran three different simulation for a total of 15 million hands.

In the charts below we take a look at who wins and how often they decide to play a hand. The simulations were run using a full table at a $10/$20 game with a bet and 3 raises allowed. Here is the first chart:

Many folks have requested information regarding "The Seniors"-"The Seniors" began in 1995, with its first tournament held at Len Miller's Oceanside Casino in Oceanside, California.

Located in the heartland of America, Caesars Indiana, has taken the world-renowned Caesars' brand of casino/resorts to the middle of America. Caesars Indiana is a luxurious casino resort located on the banks of the Mississippi River as it flows through Elizabeth, Indiana. The casino is actually on a barge permanently anchored in the river, you are boarding a vessel when you go into the casino.

The romance from the early years in America history when the riverboats transported people up and down the mighty river many of them passed the time playing casino games.

I recently played a No-Limit Hold'em tournament on the Internet. This was a real eye opener. I have won four of these tournaments and I am now familiar with how they play out.

The following tournament gave me some very special insights into how players wind up with all the chips. Five hundred players put up $109 each. The prize pool was $50,000 with $4,500 going to the site.

Today let's depart from our normal discussion on Limit Hold'em and talk about whether or not to limp in when playing No-Limit Hold'em. There are basically two schools of thought on this subject and those of you who play No-Limit see players take both approaches. So which is correct? To limp or not to limp.........that is the question.

On the ride to Beverly Hills I asked Hobby about Harry Serosian, our host for the evening. I knew him as one of Hollywood's premier producers; Hobby had a family connection. My modest buddy never ceases to amaze me. His father, now deceased, was a wealthy financier, but Hobby says little about him. I asked about Harry.

"Harry? Yeah, we're related- cousins. My father was his uncle."

"That's strange. Serosian's a lot older than you, isn't he?"

"Sure, but my father was old when they had me- almost sixty."

"Quite a stud, huh?"

In the previous installment, recall that we found that beginning in the 1960's with corporate ownership of casinos, poker was not a favored game because it wasn't a house-banked game and, therefore, not a game that the casinos could control. In all casino games, the casino, the "house", controls and banks the game. Therefore, the casino can alter the game's rules to assure itself of a steady winning percentage.

One of the hardest lessons for hold 'em students is that they can sometimes call bets on the flop without a pair, even if they don't have four cards to a flush or an open-end straight draw. It's dangerous to teach.

Beginners need the patience to wait until they have an edge. Fine. Then you explain that they can often call bets with just two cards higher than the board. It gives them all kinds of ideas. Bad ideas. They begin to imagine that there's good in all hands, and they begin to lose discipline.

Sharks in the Desert: The Founding Fathers and Current Kings of Las Vegas by John L. Smith Barricade Books, 2005 ISBN: 1-56980-274-2 400pp, $24.95

If there is one person who personifies the journalistic voice of Las Vegas it is John L. Smith. For 20 years this fourth-generation Nevadan has been writing for the Las Vegas Review-Journal. "Sharks in the Desert" is his approach to Las Vegas history focusing on the casino moguls who built this remarkable city.