Sunday, June 3, 2007

Fundamentals of Odds


In Texas Hold'em, odds are one of the key to building a huge stash. Reading the flop is when you decide to go for the money or wait for the Poker Gods to give you a different opportunity. I see so many people chasing stuff after the flop and got empty handed in the end because they did not consider what their opponents had in their hand or the odds to hitting your own hand compared to pot odds.

Saturday, June 2, 2007

Hold'em Arena

Tournament Strategy
Tournaments are a fun and interesting way to play poker. For beginners, someone who has played less than 1000 to 5000 hands, it's better to play smaller buy in tournaments. 1-10 dollar buy ins are small tournaments. This way you can observe how to play poker for a small amount of money for a long period of time.

First stage
There are 2 strategies for the first stage of play;

1. Play real tight, only with the top 5-10 starting hands and don't chase
Or
2. Play loose/aggressive trying to build your chip stack by outplaying weak/looser players.

Online tournament have tons of inexperienced players and you can easily trap them in the beginning of a tournament.If you are an inexperienced player, use strategy number 1. If the flop does not help your hand, throw it away. Do not chase a hand if it is going to cost you most of your chips. You objective is to double up your chips. If you have lost your chips in a small amount of leaks and chasing then when those aces do hit your pocket you will not have any chips to double up.

Another good reason to play tight is because the blinds are fairly small. When you bet in poker you are essentially saying you are going to compete for the blinds. If the blinds are only 15 chips then you are competing for pennies of what is needed to win the tournament. You want to have a hand that the weaker players will risk all of their chips against and you have the best of all possible worlds. Remember not to go after the unnecessary stuffs.

Middle Stage
The middle stage of the tournament is where people start to shift gears, turning on the aggressive button. There is a clear chip leader and usually half of the entrants have been eliminated. The blinds are starting to get larger and hopefully your chip count is large enough where you don't have to worry about the blinds eating you away. The money places are still far away but you have gotten past the loose players and are heading into the stretch run. In other words, show me the money babeh! Remember to shift your gears because you want to double up.

Final Stage
It's getting hot in here! And you are in the money round or at a final table. People will go all in at any time. Since everyone is going to make some money the play gets looser. Premium cards are what you need and want when you enter a pot. You must loosen up but you must also ask yourself, would I call an all-in raise with these cards? If the answer is no then throw them away (remember the first stage lesson). A majority of the hands will have all-in bets pre-flop or on 4th street. This is why you should NOT panic in the middle part of the tournament if you are not the chip leader or even in the top 20. If you have the average amount of chips then a double up or a triple up from a pivotal hand will happen. After the first bubble pops the all-in bets get more frequent until the next bubble level.

Hope this helps in your poker journey. Do bring us some feedbacks. Have a pleasant weekend! =)

Friday, June 1, 2007

Building A Huge Stash

Good evening, something that I read today that I would like to share to all poker players. This applies from newbies to the professionals who can use em as reminders from the good ol' saying. Enjoy reading. =)


Building Huge Funds Online aka BANKROLL

The term bankroll is the key to building a huge stash and I mean REALLY HUGE. It is also a very important word in a poker player's vocabulary. You need it to play poker just as you need a boat to travel on water ( unless you can swim well).

Here is what's going on, most sites offer first time deposit bonus. In addition, this is the key to building a bankroll. By depositing money at a site, you get the deposit bonus, an investment that pays off better than any bank interest rate. Play a good game of poker and you can leave the site, cash in hand to deposit into another site, and then get that initial bonus.

Play only the the best hands and don't go chasing hands that will blow up your account. It's like playing a tournament, play only the hands that will win you the cash without risking too much of your money, and after a certain amount of hands you can cash out the bonus free and clear.

One of the best ways to get the required amount of hands to keep your deposit bonus is to play limit poker. This will eliminate the decision to match opponents all in bet. You may know that person is bluffing, but you are trying to build a bankroll. Fair enough, winning a huge pot would build your bankroll, but think about this :

  1. Most pro poker players suggest having at least 300 times the amount of the big blind as your bankroll. For starters, you need at least 200 to 400 times the big blind. Because if you have a bad string of hands, you will have a large swing of cash flow toward the negative side. When this happens, you do not want to change your poker style (unless that is the reason you are losing).

  2. If you are playing your best poker, the odds are always in your favor, and your opponent catches that lucky river card or a runner-runner to make the nut straight then just chalk the problem up to the poker Gods evening things out. You do not have to change your game, but you need the bankroll to get past the string of bad beats. If your bankroll is getting small, then you may start playing differently, like you have to make up that money (looser) or to tight to protect your small amount of money. These are the worst things that can happen -- changing your poker style to meet a bankroll problem.
Here's the tip, build the bank at five to six different sites, slowly, and build it into $500 to $1,000. Then you can start playing some real poker. With a sufficient bankroll, you can start playing the $2/$4, $5/$10, or $10/$20 no limit tables.

You should have at least $200 or even better $800 to $1,200 bankroll for the $1/$2 no limit game and at least $400 or probably $1,300 to $1,700 bankroll for the $2/$4 no limit game. $5/$10 no limit game is like trading in an equity market as they often swing your bankroll. Play that game after getting some experience because of the amount of tough players. Sometimes, there are players who just want to bully you around, and you can slow play the nuts for a big win. You need a larger bankroll with a minimum of $3,000 to $5,000 to cope with such players.


Thursday, May 31, 2007

Increase Your Winning Chances

How to play draws in Texas Holdem Poker


When playing limit Texas Holdem there will be many times when you will not have the best hand but instead are drawing to improve to the best hand. When deciding whether or not you should call a bet, fold, or raise with your draw you must thoroughly understand poker probabilities and how to calculate pot odds. Once you have these principles in your arsenal you will need to take your analysis one step further by thinking through what your opponents may have and how this affects your draw. This is discussed in detail below. Drawing to the dummy end of the straight There are several poker draws which really should be avoided unless the pot is quite large and you are quite certain of what your opponents have. One of which is drawing to the low end of the straight (also called drawing to the dummy end of the straight). When you are drawing to the low end of the straight you have a hand such as 6, 7 and there is a flop such as 8, 9, Q. If there is 3 or 4 way action in this hand and it is up to you to call a bet you should fold. Although this sounds counterintuitive to the poker pot odds article noted above it really is not. Instead it is applying intelligence to the poker pot odd concept and making it flexible for real life situations. The reason that you should fold in our example is for several factors which you should consider when drawing. What do your opponents have? Your opponents could easily have already flopped a straight with Jack, ten. If this is the case then you have absolutely no way that you can win this hand and you are drawing dead. An opponent could also easily have queen, jack. If this is the case then you have only 4 outs (hoping for one of the four cards in the deck that will help you win) to win the hand because if a ten comes your opponent will make a higher straight. Finally, if your opponent has queen/ten there are only 3 tens left that you were hoping for. Therefore, if you decide to play this hand you're really drawing to a 5 and hoping that no one already has a straight. That means you have very few outs if you are even drawing live and why I recommend throwing this hand away immediately. There's a reason they call it the "dummy" end of the straight and that's because only dummies draw to it. Now consider if you have ten, jack and the flop is 9, 8, 2. You now have an excellent chance at winning the hand because there are no high cards on the flop and you may be able to steal the pot right there with a bet. If you don't have the best hand you have 8 outs to improve to the nuts (4 queens and 4 sevens) and you might be able to win the hand if a Jack or a ten comes. This potentially increases your outs to win the hand by 6 more cards(3 jacks or 3 tens). Thus you have many more possibilities and a good example of why the high end of the straight is so much more valuable when drawing.

Drawing to a flush when the board is paired

Another mistake that many players make is drawing to a flush when the board is paired. For example, if there has been a preflop raise and there is a board such as A, A, K with 2 hearts and you have queen, 9 of hearts you should realize that unless the pot is large you may want to give this hand up immediately since you may be drawing dead. If he bets it's quite likely that your opponent has kings full of aces (if he holds 2 kings) or aces full of kings (if he holds Ace/King). This is an extreme example but the point is that you need to have a really strong read on your opponent if you're going to draw to a flush when the board is paired. It's quite easy for a player to have a full house. This is not to say that you should never draw to a flush when the board is paired. The pot should just be larger and you must be able to read your opponents well. Please note that drawing to a flush with a board such as J, J, Q which is quite likely to yield a full house is very different from not drawing to a flush with Ace, King of hearts on a flop that is 10, 2, 2, with 2 hearts. In situations like this you still have a strong hand. It's quite unlikely that a player has a 2 (although not impossible), you might have the best hand on the flop and certainly have a good shot at winning the pot if an Ace or a King falls.

Texas Holdem draws that you should raise

There are certain times when you will have a draw that should be played extremely aggressively. You may want to raise, reraise or even cap a hand with these draws. One such hand is when you flop an open ended straight with a flush draw. For example, if you have J, T of spades and the flop is 8, 9, 2 with the 8,9 of spades. Not only have you flopped a straight draw and a flush draw but you also have a straight flush draw. You have 15 outs which may give you the best hand, about 53% assuming that your flush draw will win the pot. Since yOu've studied poker probabilities you know that although Jack high is probably not the best hand you have the best shot at winning the hand at the river. This means that you want to get as many chips into the pot as possible. Therefore if you have the opportunity you should raise and/or bet. The only thing you should be aware of is that you don't want to lose anyone in the hand, you want them to contribute chips to the pot as well. Thus, if you are on the back side of a hand and there was a bet in early position and multiple callers inbetween you can safely raise hoping to get more callers. However if there is a bet right in front of you your raise may scare away your potential customers which you don't want to do. Nut flush draws should be played in this way as well if you think you can get more than 4 callers.

Conclusion

As you can see simply understanding odds and probabilities is not enough to know when to draw in Texas Holdem. You need to have a good read on your competition and the type of draw as well. We encourage you to analyze the concepts presented above and incorporate them along with your mathamatical knowledge into your game. You will become a far superior player by doing so.

Texas Hold'em For Dummies

The Beginner's Guide to Play Online Texas Hold'em

About the Game
The First Round:

A fresh table starts of with the first person sitting on the table becoming the dealer and the next player posting the small blind. A new game on a active table starts with the button moving clockwise to the next player. The player next to the button / dealer is required to place the small blind. The small blind is equal to half the lower stake. This is a guideline for determining the blinds and not a strict rule. For example – at $5/$10 Hold’em per the formula the small blind should be $2.5. Instead, it is rounded of to the lower dollar, so the small blind would post $2. However, as it is just a guideline, the amount of small blind could be set differently at the time of setting up the table. The player to the left of the small blind is required to post the big blind, equal to the lower stake limit. In a certain scenario it is possible for more than one player to post a big blind in a hand. This is if a new player joins a table at which a game is already going on. The player would get an option of placing a Big Blind at the start of the next hand or wait for his/her turn (as decided by the movement of the button) to place the Big Blind in turn. All the blinds in Hold’em poker are considered live bets and the players who posted them will have the option of checking, calling, raising or folding when the betting returns to their position. After the blinds have been placed, the down cards / hole cards are dealt to each active player. In Hold’em, 2 cards are dealt to each of the players, after which the first betting round starts. The player to the left of the player who placed the big blind starts the betting for this round. Each player will now have the option to place his or her bets in the first round, which is set at the lower limit of the stakes structure. For example in a $10/$20 Hold’em game, value of each bet is $10 for the first round. When we say the bets are limited to $10, it refers to: a Bet (single bet) of the value of $10, so when a user places “BET” then it is $10, “RAISE” would be $20 – includes one additional bet and a call on the previous bet placed by a player. Bets can be placed by playing any of the following options – Bet, Call and Raise. Each player will also have the option to Fold. These options are available to each player depending on the action taken by the previous player. The first player (left of the Big Blind) to act (in the first round) would get the Bet, Call and Raise options. Subsequent players would also get the options of Call and Raise. To Call is to bet the same as what the previous player has bet. Raise action calls for raising whatever was the bet/call amount of the previous player, and can be calculated based on the value of the previous bet amount. Every player participating in the hand should place equal amount of bet as the previous players (includes bets, calls and raises). Till the time all the players have placed equal amounts in the pot, the betting will continue. There is a limit on the amount and the number of bets a player can place during a betting round, which also would be considered during the hand. The numbers of bets for a particular round of betting has been mentioned below, please refer to the section on “Standard Rules” for the limits on the number of bets. After the first round of betting is over, the Flop (the first three cards of the community) is dealt. The community cards are common to all the players participating in the hand.

The Second Round:

After the flop and in each subsequent betting round, the first active player left of the button is first to act. The second betting round also limits the value of bets and raises to the lower limit of the stake structure. So in a $10/$20 value of each bet is $10 for the second round. When we say the bets are limited to $10, it refers to: a Bet (single bet) of the value of $10, so when a user places “BET” then it is $10, “RAISE” would be $20 – includes one additional bet and a call on the previous bet placed by a player. Bets can be placed, by playing any of the following options – Bet, Call and Raise. These options are available to each player depending on the action taken by the previous player. The first player placing the bet would get the Bet option (the player left to the Button). Other players will get the Call and Raise options only. After this the fourth community card is dealt out – this is known as the Turn.

The Third Round:

The third betting round starts again with the player left to the button, and bets and raises are limited to the upper limit of the stake structure ($10/$20 game, $20 would be the upper stake). When we say the bets are limited to $20, it refers to: a Bet (single bet) of the value of $20, so when a user places “BET” then it is $20, “RAISE” would be $40 – includes one additional bet and a call on the previous bet placed by a player. Bets can be placed by playing any of the following options – Bet, Call and Raise. Combinations of these options are available to the player depending on the action taken by the previous player. The first player placing the bet would get the Bet option (the player left to the Button). After this the fifth community card is dealt out – this is known as the River.

The Fourth Round:

The fourth (and final) betting round starts again with the player left to the button, and bets and raises are limited to the upper limit of the stake structure ($10/$20 game, $20 would be the upper stake). When we say the bets are limited to $20, it refers to: a Bet (single bet) of the value of $20, so when a user places “BET” then it is $20, “RAISE” would be $40 – includes one additional bet and a call on the previous bet placed by a player. Bets can be placed by playing any of the following options – Bet, Call and Raise. Combinations of these options are available to the player depending on the action taken by the previous player. The first player placing the bet would get the Bet option (the player left to the Button).