Poker Blog and Poker Gossip

Poker is a fantastic game.  It has so many facets and nuances that if you only ever played Texas Holdem, you could spend your whole life concentrating on perfecting it, and still have work to do.  That being said, poker is also great because there are so many variances.  There’s Omaha, 7 card stud, Razz, 5 card draw, and i’m only scratching the surface.  The reason i’m asking is not because i think you dont know about other types of poker games.  The reason is much much deeper than that.

Profit

So you take a bad beat on Full Tilt in a small sit n go, and are pissed at holdem’.  So, instead of taking another shot at multi tabling in the same game, you fire up an Omaha table, or a Hi/Lo 7 Card table.  And guess what? You come out making a lot of money.  Way more than you would have if you had won that sit n go.  That’s my story anyway, and that’s how i started playing 7 Stud more often than any other game (by far my favourite).  Was it because i was better at 7 stud than most people?  I don’t think so, but i gave myself time to learn the game, and really studied it.  This made it my most profitable game; how would you go about diversifying or changing games entirely?

Making the Decision

In my experience, a bad beat led me to change my game, and winning at 7 stud kept me coming back.  It just happened to be my perfect game.  I was able to set goals and combine those goals with solid strategies i either learned from books or witnessed from other players.  The thing that appealed to me about 7 stud was being able to view cards that other players were holding, and use those statistics to make a decision on my cards. This let me use skills that Holdem doesn’t really value. Other players may find the appeal of Omaha and 4 starting cards appealing.  The point is, making the decision to try out a different game may be as simple as a bad beat, but to stay with that game it comes to profit and opportunity as well as maximising your personal skills.

So, what is your most profitable game?

I am a multi-tasker at heart. I love to have Call of Duty on, with my laptop in front of me and MSN open, while listening to some music. And in that situation, there are no problems, COD is a game that requires a little concentration, but if i die, i will just respawn.

Poker is the exact opposeite of that situation. Online poker has given the ability to play anywhere, any time, and with that ability comes a lot of distractions. If you’re not focused entirely on your game, you will likely miss something, and that could lead to your entire stack being literally given away. Play in an environment that enables comfort and no interruption, and make sure people are aware of what you’re doing! (we’ve all seen those commercials where the guy misses dinner with his friends, and they’re all like “he’s the one missing out!” – Ridiculous!)

If you’re of the mind to play a big MTT, make sure that you have enought time to get through it. Nothing is more frustrating than putting your time in, grinding your way to the top of a field of thousands, and with MTT’s lately, it could be 4-6 hours! Just when you’re about to cash you find that you have to go pick your kids/wife/girlfriend up from somewhere. Don’t sell yourself short when signing up for these, and make sure you can complete the tourney on your terms, and not some other commitment.

I’m not saying don’t listen to music, or don’t have some background music on. But what i am saying is don’t cripple yourself before you’ve even sat at the table.

It’s easy to get caught up in the excitement of on-line poker, and even easier to develop bad habits because we see other players getting paid off by chasing a brutal 3 outer to the river and hitting it. In this series I’m going to look at common mistakes players make, how they fall into those traps, and how you can hopefully avoid them!

As I said, it’s easy to get caught up in the excitement of online play. It’s fast, it’s reckless, and one of the major mistakes new players often fall into is not recognizing a “loose” (also termed Loose Aggressive) strategy as oppose to NO strategy. Often players will see a “loose” player and think that they are an easy target, but this is a mistaken thought. While a loose player may see a lot of flops, and bet at a lot of hands they aren’t foolish. You’d be hard pressed to see a loose player (seriously) called a river rat or a calling station, even though , to a novice it might seem so. Often they are taking calculated risks, playing hands that have high value if a specific flop hits (low suited connectors, 9/7 suited etc), and are often capitalizing on perceived weakness of their opponents and their position at the table.

The danger in not recognizing a “loose” player is that you will pay him off. Huge. You wont believe that he’s got anything, but the reality is you’ve only seen him showdown a few hands. Sometimes he’s miscalculated and he’s not raking in the chips, but most of his pots are won on the flop or the turn. But he’s paying attention to the calling stations, and the river rats, and hopes that youdon’t see his monster hand coming. He’s hoping that you’ll think he’s bluffing, and come over the top in an effort to make him fold..or even better, check call him all the way to the river.

Let me say this again, if you see a player who seems to be betting a lot, steals your blinds and is obviously baiting anyone to call them down..they may know exactly what they’re doing, and you may be playing right into it!

I hate new years resolutions.  Far too much fluff for my liking…  But poker is a game that is easily measurable, and for players who want to make improvements, setting goals is one of the best and easiest ways to track how you’re doing.  With that in mind, think back to 2009, and to what your goals were at that point in time.  Were you thinking about how to improve your game?  Were you just hoping to play in your first “live” tourney, or make $100 dollars that would go to something other than poker, not back into your bankroll? 

How to set Your Goals
Goal setting is a very personal thing, and one person’s goal may be so far out of reach that it seems like you’ll never get to that level.  An example of this is Daniel Negreanu just outlined his eight goals for 2010.  I don’t want to get into them too much, but his first goal is to win $1,000,000 in tournament earnings.  Not exactly where I’m at in my goal setting, and if I set a goal like that i would be very likely to fail at my goal. 

Make sure It’s Attainable
As i said in my example up there, setting a goal that you’re likely to fail at is self defeating.  Make sure that you’re able to meet your goal, but don’t make it something that is fairly easy to accomplish (how will you improve otherwise?).  Something i like to do is study areas that i avoid looking at in my game (if you’re avoiding doing something, typically it’s in your weakness bank).  SomethingI’m not great at is playing under the gun.  I overvalue hands, or sometimes drop hands i should be playing.  Another area is either tightening up your game (a lot of players play way too loose!), or being able to “Switch up” (play different styles in the same situations) your game.  Now that we know what we’re going to work on..how do we create the goal?

Make Sure it’s Measurable
Simply saying “I’m going to switch my game up a bit this session” isn’t nearly good enough.  First, it’s human nature to default to an already comfortable behaviour.  Second you wont have any idea on how you’re doing on your goal or how it’s improving your game if youdon’t have concrete, measurable milestones.  So, if you’re goal is to improve your under the gun play (like mine is), i would put my goal like this:  “For 2 sessions this week, playing in tournament play, I will do the opposite of my natural reaction (hold or fold my hole cards) and see how it plays out.  I will do this early in the tournament (minimize loss) and do it a minimum of 4 hands through the game.”  After a few weeks evaluate how things are going and using your pokertracker software find out if it’s improving your play at all.  Ask yourself what the benefits and draw backs of what your doing are, and change it up as needed.

Make Sure it’s still Fun!
Sure, we all want to improve, but for a lot of people this is a recreational hobby, and not a way to make a living.  Make sure that you’re taking your game seriously, butdon’t take the fun out of it! 

Think about how 2009 started, and where you are today…and about where you want to be when 2011 starts.

When to move up?
I am a huge fan of going on a heater.  It’s a great feeling, and sometimes it feels like i can’t lose.  However, there have been times whenI’ve been riding the wave of an amazing session, and have literally doubled my bankroll.  And what did i do right away?  I moved up to the next level of stakes.  Was this incorrect?  Mathematically , absolutely not.  I went from $450 or so to around $1200 in a single session, easily giving me the 20-25 buy ins that i comfortably need to move up a level. But when i started playing on the higher stakes tables, i started losing.  Badly.  Missing big pots, chasing stupid hands, and letting the other players get under my skin enough so that i didn’t notice when i was making a bad call, or until well afterI’d priced myself into the pot.

Get Conservative!
What i forgot to do, in this example, was to make sure that my game was good enough for the higher levels.  I had the bankroll, that much i knew.  I also knew that if kept winning the way i was winning, i would win a lot more at the higher level.  But i didn’t think about the fact that players who play regularly at the higher levels either have more money to give away (the gamblers), or are much more experienced than the $25 no limit table players. After i lost all the moneyI’d won to get myself up to the higher level (it was not a great evening session that day…) i started doing research about how to gauge when to move up in levels, and how to measure yourgame play.

Poker Tracker and ptbb/100
Up until this point i wasn’t using a tracking software to compare what i was winning to what i was putting out.  I was a recreational player, and was quite content with reloading my bankroll every 6 months or so.  I set up pokertracker, and played at my old level for a few weeks to get a good handle on my game play.  The conservative approach is take a sampling of 100,000 hands before moving up, but this is akin to needing 60 buy in’s to play NLHE at any level (overkill.)  I went with 25,000 or so hands and  I realized that my winrate was 3 ptbb/100 (based on this at .50/1.00 nl i was making $6 / 100 hands..click here for a more in depth forum post on the topic..), and so that was good enough for me to move up.  4 ptbb/100 is better, but i felt confident.  My bankroll supported my move (again), and this time i knew where i had gone wrong in moving up in stakes the last time. I did much better and am now thinking about moving up again.

So, in short, ensure that you have the bankroll for a higher level and make sure that you’re game is up for the challenge of the new level.  If you feel like moving up, do it, but remember…keep a close watch on your win rate and adjust accordingly.

I know a lot of poker players who think I’m nuts.  Tossing an ace with a strong(ish) kicker like a jack seems crazy.  But, in a lot of situations, it’s the right move.  (Note: There are situations where it’s the wrong move…late in a tourney, heads up, short stacked etc…but these are all situations where you would be making a move and either pushing, putting a LOT of pressure, or there are so few cards out there that any ace is a strong ace!)

Ahem…let’s look at the reality of AJ in a regular 8-10 handed table.  You play your AJ in mid position and you flop an ace.  There is a huge chance that you could be dominated by AK or AQ.  In this situation you would just be throwing money into a pot that you are very unlikely to pull out a win.  Lets say you pair your jack.  You could also get demolished by AA or JJ, and you would essentially be drawing dead after the flop. 

My favourite reason for dismissing AJ out of hand is this:  I LOVE a good draw.  And drawing to the top straight is always fun, especially when it hits.  But, AJ is a hand that if you flop a draw it is almost certainly a gutshot. Chasing a turn and a river for one card (even if it’s a 4 outer) is not winning poker, and should really be avoided.

More often than not if you play AJ you are making decisions about what to do with top pair and an okay kicker, or weather or not the pot is giving you the odds to see one more card to hit yourmiracle straight.

Playing AJ is a classic formula for winning a small pot and losing a big one.  Be careful with it!