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Sunday, February 21, 2010

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Monday, February 15, 2010

Internet Poker Strategy

Playing in a casino and playing internet poker has a number of little differences that you should adjust to. It's a fact that people tend to act differently on the internet than they do in real life in areas outside of poker, so it makes sense that people act differently in internet poker vs real life poker also. Here are some internet poker strategies and observations that I think applies to most online

Players will call you more on the internet            

There's some psychology and computer aspects in this statement. On the computer level, it's much easier for a player to click their mouse on a 'Call' button as opposed to reaching into their stack, counting up their chips and putting them on the table. Psychologically, most people also feel more confident while online, because they aren't under the scrutiny of others like in a casino or real life.

You can see the example of this, where someone will be a little embarrassed to outdraw or suck someone out playing a live poker game, but wouldn't care at all doing the same over the internet. This is also why you'll see people berate and argue with one another more through internet chat than in real life, because there just isn't that same presence of being in someone else's company when behind a computer monitor.

How to defend against constant callers?

Simply put, you can't. You're just going to be drawn on more than normal and get rivered by many more callers. Your variance or "swings" will be greater in internet poker as opposed to live poker(especially in low-limit poker games).

There is no good defense against this except to realize that you are still playing correct poker as long as you are punishing others for their draw. However, it's usually much more prudent to check-call the river when you have many callers on the river with you, because the chances are greater that someone has a two-pair or better.
Ignore internet nicknames and aliases

Both good players and bad players will pick names like "ALL-RIVER" or "ALWAYSBLUFFIN" so you can't assume this person really is a river rat or a strong player trying to fool you. If you look at the rankings for any of the tournament ladders for any of the internet poker sites, you'll see that there are all sorts of strange and 'deceptive' names at the top. Don't let people use this internet only strategy fool you. You'd probably be on your guard if some guy dressed in a bright pink tuxedo sat in a casino game, so treat this the same way.

Learn to spot online tells by observing actions

Even though you can't really see your opponents when playing internet poker, you can see what their actions are. One of the biggest things to spot is how fast they bet. Generally, if a player bets fast, that means they have a strong hand. If they bet slow or take a long time for their action, it usually means they need to think things over, which means their hand likely isn't very strong.

Don't play too tricky in low-limit poker games                     

Normally, it's not even worth it to be tricky in a $5/10 game in real life. With internet poker, it's almost worthless to try and be creative in any of the low-limit tables until you are at the $3/6 game. Often, against an entire field of opponents who are willing to call you down, bluffing and other trick plays will backfire against you.

The biggest mistake is trying to get smart against dumb opponents. When your opponents are willing to showdown with down mid pair, low pair and sometimes even Ace high, you will naturally see why it's foolish to try and bluff against them. These are the types of players that you will see the most in low limit games, so save most of your neat plays for tournaments and for special situations.

Sunday, February 14, 2010

Top 10 Poker Tips to Make You a Better Player & Improve Your Poker Game

Want to become a better player, fast? Follow these 10 tips to boost your poker performance & profits. While geared to beginner players, there's poker tips that even seasoned pros should remind themselves of once in a while.




1. Don't Play Every Hand / Do Fold More

Probably the number one mistake beginning poker players make is that they play far too many hands. When you're just starting out playing poker, you want to play poker, and that means staying in hands that aren't very good just to be part of the action. But playing more doesn't mean winning more, it usually means losing more. If you find you're staying in half or more the hands you're dealt, you need to upgrade your starting hand requirements



2. Don't Play Drunk

Countless nights have I sat across a table from someone & watched them get plastered silly and throw away their entire stack of chips. I've been that person too - and there are nights where you're just playing with friends for low stakes and it's more about the fun than the poker - but if you're in a casino, watch the alcohol. The truth is, while you may be more relaxed after 2 drinks, it may lead to you playing looser and less sharply, even if one's not 'drunk.'

3. Don't Bluff Just For Bluffing's Sake

A lot of beginner's understand that bluffing is a part of poker, but not exactly how. There's is NO rule that one must bluff a certain amount or at all during a poker game, but many players don't feel like they've won unless they've tried a poker bluff. Bluffs only work in certain situations & against certain people, and if you know a player always calls to the showdown, it is literally impossible to bluff that player. It's better never to bluff than to bluff "just to bluff."

4. Don't Stay in a Hand Just Because You're Already In it

Another common mistake beginners make is to think that "Well, I've already put that much in the pot, I have to stay in now." Nope. You can't win a pot just by throwing money at it. There may be cases when pot odds warrant a call, but if you're sure you're beaten, and there's no way your hand can improve to be the best hand, you should fold right away. The money you've already put in the pot isn't yours anymore, and you can't 5. Don't Call at the End of a Hand to "Keep Someone Honest"

This one follows the last tip. I see a lot of players look at another player's final bet, look at the hand, & say "I know you've got me, but I have to keep you honest," as they throw in a final call. It may be worth it to see if a player really has the hand if you're not sure & you're gaining information that will help you later on, but if you really feel a player has the hand he's representing & you're beat, why give him another pile of your money? Those bets will add up over an evening.
6. Don't Play When Mad, Sad, or in a Generally Bad Mood

When you play poker, you shouldn't do it to escape from being depressed or having a really bad day. You start out on tilt -- playing emotionally, not rationally -- and you won't play your best. Likewise, if during a poker game, you lose a big hand or get sucked out on and feel yourself going on tilt, stand up & take a break until you feel calm later on. Fellow players will sense your mood & take advantage of it
7. Do Pay Attention to the Cards on the Table

When you first start playing, it's enough just to remember how to play and pay attention to your own hand. But once you've got that down, it's incredibly important to look at what's going on at the table. In Texas Hold'em, figure out what the best possible hand would be to fit the flop. Make sure you notice flush & straight possibilities. In 7-card stud, pay attention to what's showing & what people have folded when you consider calling opponents.
8. Do Pay Attention to the Other Players

As you play, one of the single best things you can do is observe your opponents, even when you're not in a hand. If you know if one player always raises in a certain position, & another has a poker tell when he bluffs, & a 3rd folds to every re-raise, you can use that information to help you decide how to play against them. Once you know that player 3 always folds to a re-raise on a river, that's when you can bluff & steal a pot.


9. Don't Play at too High Limits

There are many reasons people move up to a higher limit game than they usually play. Good reasons like they've been winning consistently at a lower lever & are ready to move up, & bad reasons like the line is shorter for higher limits or you want to impress someone. Don't play at stakes that make you think about the actual money in terms of day-to-day life or with money you can't lose. Even if you had one super-good night at $2/4, resist the urge to play $5/10. The next tip explains more why.10. Do Pick the Right Game for Your Skill Level & Bankroll

One of the reasons you shouldn't jump into a $5/10 game after winning a huge bunch of money at $2/4 is because as the stakes rise, so does the average skill level of the players sitting there. You want to be one of the best at the table, not the fish who sits down with sharks. If you're making stacks of money at a lower level game, why move? You're winning stacks of money. The swings up & down at higher limits are much bigger, and one big night's win won't last long at a high-stakes game.

Saturday, February 6, 2010

ICEMAN 5 Tips To Improve Your Poker Tournament Final Table Strategy

Let us set the scene… after several hours of play you have just reached the final table of a poker tournament at your chosen online poker room. 700 players are already out - just you and 9 others now remain. The prizes now climb steeply for each place – in fact you are looking at your biggest cash to date, one that could transform your poker bankroll overnight...




While getting to a tournament final table is the dream of many online poker players how many have actually thought through their strategy for when they arrive there? After all, one mistake could now cost $100s if not $1000s!



This article looks to address final table strategy for beginning and developing players by looking at 5 tips that will help any player improve their final table play - after all, you can not control the cards or other players, but can make sure you do many things to ensure you maximize your potential payout..



Poker Tournament Final Table Strategy: Tip #1 - Watch The Last 3 Tables!

Having ‘reads’ on your final table opponents before reaching the very last table will give you an immediate edge. When the game gets down to the last 3 tables make sure you are watching each one closely and are taking notes on the style of your potential opponents. Things to watch out for include aggression, bluffs and strange bet sizes. Any information that gives you a read on an opponent is an important aspect of NL Holdem Final Table Strategy.



Poker Tournament Final Table Strategy: Tip #2 - Who Is Playing to Win?

Sure, everyone would like to take first prize - but there are many players whose first priority will instead be to move up the payment scale. A valuable part of your final table strategy is to identify who is ‘playing to win’ and who is playing to move up the payment ladder. If you do identify timid opponents who are less likely to take risks then you should ensure you play many hands with them. Conversely, those players willing to 'gamble' in order to take the first prize are candidates for big bets only when you have premium holdings.



Poker Tournament Final Table Strategy: Tip #3 - Learn Basic Chip Equity Math.

This is something that can be easily done in advance of reaching that online final table. Prize pool structures mean that each chip can be assigned a dollar value. Gaining more chips at a final table will increase your chances of winning a bigger prize - but not in a straight forward fashion. Each additional chip is actually ‘worth’ slightly less in dollar terms than the chip before it.



Mathematical models such as the 'Independent Chip Model' (ICM) explain this clearly, and while primarily used in Sit N Go play can be quickly and easily incorporated into your approach to multi-table tournaments.



NL Holdem Final Table Strategy Tip #4: - Awareness Of Stack Sizes.

By the time you reach the online final table players will have a wide range of stack sizes. Awareness of each persons stack size will help your final table strategy in many ways. Some examples include:



Small Stacks might be desperate enough to go all in with medium strength holdings.

Big Stacks may raise without strong hands to 'bully the table'

A medium stack who raises after a small stack has already entered the pot usually has a stronger hand than when that same person is first to raise. This is because players who expect to be called do not usually raise without good hands.

Your own stack size, especially in relation to the blinds and antes, is also a significant factor in your NL Holdem final table strategy. Calculate how many times you can go through the blinds before your stack disappears and use this to decide how tight or loose to play.



NL Holdem Final Table Strategy Tip #5: - Practice Heads-Up Play!

To win an online NL Holdem tournament you have to beat your last opponent heads-up. For players who are used to full tables adjusting to this can be a big challenge. Practice heads-up poker play in advance, either with a friend or at an online poker room. Experience in the relative strength of hands in heads-up situations will greatly assist your NL holdem final table strategy… remember that the jump from 2nd to 1st prize can be several thousand dollars!!

Sunday, January 31, 2010

Managing your Bankroll when to step down

Moving up is fun. You master the $2 Sit ‘N Goes then you move to the $5 Sit ‘N Goes. In no time you’re onto the $10 Sit ‘N Goes then the $20s. You’re on top of the world congratulating yourself on you godlike poker abilities. But everybody ends up having to move down sometime – and that feels like crap.




Even some poker pros had to move down. There’s nothing to be ashamed of. The trick is to know when you should move down. Here are a few reasons you should move down in limits.



Your Bankroll Takes A Hit

Proper bankroll management is the key to making money in poker. If you go on a losing streak and your bankroll no longer supports your current level of play, you should move down.



Your Confidence Takes A Hit

Let’s say you’ve been on a losing streak for a long time and while you’re still properly bankrolled for your limit, you doubt your poker prowess. If you’re not in top mental condition, you should move down in limits until your confidence builds back up. You can’t be a winning poker player if you’re second guessing your plays.



You Want To Try Something New

It’s good to learn new things to incorporate into your game, but these things always have an awkward period. It takes time for you to integrate new strategies and that time is better spent at a lower buy-in level where mistakes won’t cost you as much.



You Haven’t Played In A While

Maybe you went on vacation or maybe you took a break after a particularly nasty losing streak. Whatever the reason, you haven’t played poker in a while and you’re no longer as sharp as you once where. Drop down in limits until you get back into the swing of things.



You Switched To A New Poker Site

New poker sites mean new players and as any online player can tell you, just because the $20 games are soft at Carbon Poker doesn’t mean they’re soft at Full Tilt Poker. When you move to a new poker room, start a little lower than you usually play and work your way up.



There are other reasons to move down in limits, but these five are the most common. Knowing when to move down will save your bankroll from massive and unnecessary swings

Poker Tournament Bankroll Tips

It all comes down to one of two choices: cash or tournaments. There are significant advantages and disadvantages to each of them, but I think that the best way for beginners to gain experience and build their bankrolls is with Sit ‘N Goes and Multi-table tournaments Here are my top 5 reasons why you should agree:




Reason 5 – You only risk a limited amount of your money

When you’re playing in a cash game, you risk every penny in front of you. Even in a game as low as $0.25/$0.50 that can be $50. That’s a lot of money to risk to make a couple dollars an hour. By contrast, Sit ‘N Goes can pay 5x your investment and multi-table tournaments can pay several hundred times your investment. The best part is that you never risk more than the tournament buy-in.



Reason 4 – You get more bang for your buck

You can buy into tournaments for $1 or less and play for hours. That time will help you get a feel for the game so you can sharpen your reading skills and develop your “poker sense.” Essentially you’ll get more experience for less money.



Reason 3 – Playing solid tournament poker is relatively easy

Sure things get tricky when you get to the big buy-in games, but you can turn a profit by playing straightforward tight-aggressive poker at the lower limits. All you have to do is play strong hands early and when the blinds get high you can negate your opponents’ superior postflop skills by going all-in preflop with your strong hands. In addition, you can slowly experiment with more advanced strategies as you gain confidence and your bankroll grows.



Reason 2 – The play in low-limit tournaments is generally softer

People tend to play looser in tournaments. In a cash game, $1 is a real thing. It represents something real that could be used to buy any number of things. But in a tournament 100 chips are toys. They have no intrinsic value and are tossed around more haphazardly.



Reason 1 – Because that’s where the money is

The big money is in tournaments. Try as I might, I can’t think of any professional poker players that made large sums of money solely on the cash circuit. Winning tournaments earns you the  big bucks



New players tend to think that Texas Hold’em is the same whether you’re playing in a cash game or in a tournament game. It isn’t. These two formats require significantly different strategies. For example, folding pocket aces preflop can be the right thing to do in a tournament under the right circumstances. In a cash game, it’s never right to fold pocket aces preflop. Don’t worry if you don’t understand that yet. You will before I’m done with you.

Tuesday, January 26, 2010

Five Rules to Save Your Online Bankroll





Lots of poker players - even winning players - are prone to burning through their online bankroll, ruining weeks or months of successful grinding by going broke in one or two bad sessions.



Not surprisingly, players who lose money playing live poker (about 90% of the live-poker world) also claim they're simply unable to keep a balance online. Strange.



What is surprising though is the number of truly winning players who have the exact same problem.



If a player is a consistent winner in live poker, it stands to reason that his or her game is profitable and should be similarly profitable online.



Unfortunately, being successful in online poker requires significantly more discipline and control than live poker. Players are stronger, play is quicker and you don't have anyone to see when you go off the deep end.



If you're a good poker player, and you know you're capable of making money online yet can't seem to keep a roll, this article might be just what you're looking for.



1. Play Within Your Roll

Start with the most important concept first: you absolutely must play within your roll if you want to make money online.



The simplest way to explain it is to look at the mathematical theorem Gambler's Ruin.



One of the concepts of Gambler's Ruin is this: take two players and pit them against each other in a zero-sum game (such as flipping a coin, where each player has an expected win/loss rate of exactly 0%).



One player has a finite bankroll. The other has an infinite bankroll. Given infinite repetitions of the game, the player with the finite roll will eventually go broke.





I know you want to, but $200/$400 PLO is not in your roll.



In the online poker world, it's you against everyone else. This means it's your roll against the infinite roll of the rest of the world. If poker was a zero-sum game, you'd go broke.



Luckily, if you're a winning player, you can expect a positive return on your investment. But you need to have enough money in your roll to make the swings and variance irrelevant.



Your bankroll, although finite, needs to be large enough to seem infinite. Stick to the standard rule of having less than 5% of your roll in play on one table at a time.



If you really want to be robusto, drop that number as low as 1% or 2%. Some of the most profitable and serious online grinders play with rolls 10x that.



If you never have to worry about going broke from losing at a specific game, chances are you won't.



2. Don't Monitor Your Balance

If you're following the first rule and playing with a legit bankroll, then (outside of a serious and lengthy downswing defying all odds) you're in little-to-no risk of going broke.



You play poker with chips, not money. You can't think about the money you're playing the game with as it's completely irrelevant.



With checking the amount of your online roll as easy as clicking a button, it's very easy to fall into the trap of micro-managing your account. When you're on an upswing, every time you check your balance you feel good.



The number goes up, so does your spirits. But it only takes one beat to make that number go down. A lot. And if you're still checking your balance, seeing that smaller number will make you feel bad.



You want it back to where it was and you want it back immediately. As soon as you have that thought, you've started "chasing your losses." You're going to start forcing your play to get back to where you think you should be.



This can be the first step towards total self destruction. Typically in poker, making money is a slow grind, and losing money is a quick drop.



If you're watching your balance, you'll fall into the depression of "a week's work lost" or "It will take me a week to get back what I just lost in an hour."



The only way to get it back fast is to jump limits and take a shot at a big score. This breaks rule #1, and is the first step to going broke.



3. Treat the Game Seriously

When you're playing for real money, every session, pot and decision matters. Even the smallest of mistakes costs you money.





This doesn't seem too serious.



The more money you lose from mistakes, the harder it becomes to generate profit and keep from going broke.



Limit distractions: By the very definition of the word, a distraction is taking your focus away from the game, moving it on to something else. As soon as you start playing poker without paying attention, you're almost certain to make multiple mistakes.



Every person is different. Some players can play just as well, if not better, while watching a movie. Other players need to shut everything else down to keep their mind on the game.



You need to honestly assess your capability for multi-tasking and set yourself up to play in an optimal poker environment.



Don't play out of boredom: You play poker because you want to play, or because it's what you do to make money. Playing because you're bored will force you to make poker your personal entertainment.



Sometimes, poker is not entertaining at all. If you're only playing because you're bored, and you're having a boring session, chances are you're going to make dumb moves to push the action.



If you're bored and you don't legitimately feel like grinding, find something else to do.



4. Pay Attention to Your Human Needs

You are human. Humans require constant maintenance and upkeep to stay healthy. If you're not healthy and feeling good, you're not going to be playing your best poker.



The most important of these factors for poker:



Hunger: If you're not eating well or just plain hungry, you're not going to be thinking as quickly or proficiently as possible. Also, if you're hungry, that's just one more distraction to keep you from thinking about poker.



Comfort: If you're uncomfortable, you're distracted. Get a good chair, a good monitor, and set yourself up as ergonomically as possible.



A good task chair is crucial.


Office Ergonomics Tips and Advice

Use every tip you can find to keep yourself healthy, comfortable and carpal-tunnel free.



Exhaustion: If you're exhausted, you're not playing your best game. If you're not playing your best game, you're losing money. Regardless of how good the game is, when you feel extremely tired, go to bed.



Mental Distractions: If you have anything pressing on your mind, you're going to have a hard time playing your best game. It's best to not play at all when you're in a mental state that's anything other than "normal."



Drugs and booze are another mental distraction. It's one thing to have a beer or two while you play; it's another to try and play while hammered.



Regardless of what you may think, you can't play your best poker when you're drunk.



5. Integrate a Tilt-Induced Kill Switch

Tilt is the #1 bankroll killer in the world.



Usually brought on by breaking any combination of the previous rules, or something as simple as a bad beat, tilt can drive even the most measured player into a frenzy of ridiculous bets, raises and calls.



The cause of tilt is personal and can come from anywhere. Although it will vary in degree from one person to the next, it's impossible to avoid all tilt entirely.



Some players, are rarely tilted. And when they are, it's rarely enough to affect their game all that much.



For the rest of the world, when you feel any signs of tilt, no matter how slight or seemingly harmless, it's time to log off, get up, and go do something else. Poker will always be there when you get back.





When you're on tilt, go do something else.



End Note:



If you follow all of these rules, and you're capable of playing winning poker, chances are you will never go broke online.



But be warned: Once you break just one of these rules, the others can come crashing through the door right behind it.



Be diligent, and at the first sign of any rule being broken, abandon ship. Remember, poker will always be around tomorrow, but once your roll is gone, it's not coming back