New No Limit Rule opens South Florida to High Stakes

The changes to South Florida laws that were introduced on Thursday accompanied a new age of high stakes poker act all across the state, with players smiling over the news.

With the regulation of this law, the cap of $100 on poker buy ins has been removed. This was the cap which banned the state from planning nationally televised events, and also restricted the degree of ‘strategy’. With few chips on hands, the players in South Florida had problems bluffing successfully, for instance, the total amount that they were betting was too weak to alert other participants out of hand.

Poker participants will now be able to buy-in to poker games at pari-mutuels or Indian Casinos to tune of thousands of dollars, and bet as much as they want in every hand. These changes were a part of wide ranging gambling legislation accepted by lawmakers this year which also incorporated a revenue sharing contract with ‘Seminole Tribe’ and the reduction of tax-rate, from 50% to 35%, that pari-mutuels disburse on slot-machine revenues. Pari-mutuels hours have been also expanded, though ‘Indian casino’ are still only the sites for around the clock poker daily.

Players are now spending more time, and getting heavy pots in hundreds or thousands of dollars. Typically, casinos hold ribbon cutting customs after completing some pricey renovations, but on Thursday Morning, busy poker room of Pompano Beach held this ceremony just to remember the moment.

Clearly, several of packing poker rooms in Florida allow trying high stakes play. At the Hard Rock Casino, the 2nd floor has now made a place for big money games, completed with red-velvet ropes which lend the air of uniqueness. Klaus Weyer, a popular poker pro was one of those 2nd floor players on Thursday morning. Weyer, who elected to sit at 20 to 40 dollars Limit table, left Las Vegas in the middle of the World Series of Poker to witness the history of South Florida poker. Although, Weyer will return to Vegas for next week, he is planning to make the state his major focus during coming months.

It is predicated that prolific poker game players who primarily concentrate on poker events in Las Vegas, California and elsewhere around the world, may be appealed to come to Florida to enjoy their favorite poker variations.

The monetary and emotional, the lows and highs which are the part of any poker variant will see a lot of lows and highs. It is also anticipated that some participants to the game will even make the cut over heads.

As per Kosta Di Mopoulos, a renowned poker pro from South Beach, “they are going to be broke. They are going to be jumping to games they cannot afford to play”.

Even under earlier state imposed cap of $100, put down as ‘kiddie poker’ in many circles, gambling addicted poker players often collected more than 50,000 dollars in betting debts, as reported by the ‘Florida Council on Compulsive Gambling’.