The following principle is key to becoming a successful poker player. Without the proper money management skills, the best players in the world would go broke. For all you skim-readers, here are the basic rules of bankroll management for Texas Hold’em.

  • 40 buyins for NL Hold’em.
  • 300 Big Blinds for Limit Hold’em.
  • 40 buyins for SnG Tournaments.

dollarsBankroll management is where you play at certain limits to avoid losing all of your bankroll due to bad runs of cards, which any poker player must expect from time to time. This is called ‘playing within your bankroll’. Subsequently, if you play at higher limits where there is too great a chance of losing all of your poker money, you are ‘playing out of your bankroll’.

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The reason why you should choose your limits carefully in poker is due to the variance. Variance is a term used to describe the ‘ups and downs’ of poker where you fluctuate from having bad runs of cards to good runs of cards, resulting in varying profits and losses. If you play poker for long enough there are going to be periods of time where you will consistently lose money, not because you are playing badly, but because the cards are not falling your way. This means that if you do not have enough money in your bankroll to absorb these downswings, it is likely that you will lose it all.

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What are some of the big adjustments you generally make against good, thinking players?

Nothing in particular, but I try to stay a step ahead and figure out what their weaknesses are. I put myself in their minds and think about what they are trying to accomplish, not just in this particular hand, but overall in poker. Versus weaker players, I play a lot more straightforward, and I will play hands in a way that a good player would say, “OMG, that’s so obvious.” So really, I just try to mix it up against good players. I think sometimes guys get too creative and out of line going to war with good players. If I’m at a table in a tournament with mostly weaker players, I’m going to stay out of a good player’s way and play pretty straightforward against him because it makes no sense to get into a huge ego, five-betting war with a good player when there are idiots waiting to dump their chips. I save the higher volatility plays for cash games or a tougher tournament table.

Do you feel like that happens a lot? Good players banging heads because of ego when they don’t have to?

I think it depends. I think some good players play a really aggressive game, and they don’t adjust as much to their opposition. I generally want to play post flop with deeper stacks versus weaker players, but there are so many different styles that can have success. It’s hard for me to say it’s wrong for someone to five-bet another good player with air when they’re surrounded by idiots.

Against a table full of good players, what higher volatile plays are you talking about that you’d be happier making?

Certainly three- and four-betting light, and also calling off my chips in more marginal spots. I wouldn’t want to take a flip if I have decent chips and a table full of donks, but if everyone’s tough, I am more likely to just go with a hand and roll the dice. I don’t know, I don’t really have a defined strategy, I just kind of sit down and make decisions on the spot.

When you say you try to stay out of a good player’s way when at a table with some good and a lot of bad players, what kinds of specific things are you doing differently?

I’ll do less re-stealing. I won’t defend my blind with marginal hands versus a good player and call less in position with some hands versus a good player that I would call against the weaker players. Basically, I’m trying to reduce my variance because I know the good player isn’t going to give much away, and I want to stay as low variance as I can so that Read more

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Steve Gross, also known as “gboro780,” is an online tournament monster who had an incredible 2009. His live and online tournaments combined have earned him just under $3 million. Gross’ incredible work ethic, grinder attitude, and consistent results caught the eye of Doyle’s Room, which recently named him a member of the Brunson 10. It’s safe to say he’s well versed in strategies concerning online tournaments, which brings us to this week’s concept: stealing strategy.

First of all, for those who don’t know, can you describe what “stealing” is and your opinion on whether or not it is necessary to be successful in a tournament?

As the tournament progresses, the blinds and antes grow larger, and it becomes tougher to accumulate by just playing good cards, so you have to compensate by trying to pick up some money without cards. I do think it’s necessary because not only will your stack deplete without it, but you’ll stop getting action on your big hands if you only play one or two hands an hour.

If you are active and mix in some stealing here and there, it’s tougher for people to know where you’re at. It lets them make more mistakes, and it makes you a tougher opponent.

When looking to steal, what are some considerations you are making and what factors should be in line?

I think about my image, how often I have been stealing, and how much credit I expect to get from my table. I also think about the players who are waiting to act after me and how likely they are to make plays without cards. I think about the big blind and if he is a defender or will usually just let you take it if he has bad holdings. Previous action dictates a lot of what I do and how often I’ll steal. If I think people perceive me as playing solid, I will be more active, and if I think they are waiting for me to get out of line, then I tighten up.

How much does your hand matter?

Your hand matters for sure, but I guess I equate blind stealing to raising with crappy cards [laugh]. Ten-nine suited for example, you may not be willing to go all the way with it, but it’s still a powerhouse hand. But I’d definitely prefer to have the jack-nine offsuit than the queen-deuce offsuit of course — hands that play and flop decently well in the event that you do go to the flop. So, I think it matters, but usually if I’m legit stealing the blinds, I’d prefer the table to just muck preflop and take what’s in the middle.

If all the other factors you mentioned lined up, but you look down at a hand like nine-three offsuit in the cuttoff, do you still go for the steal?

If I think I’ll get away with it, then sure, but there’s a really fine line between aggressive and reckless, and between creative and spewy, so you have to be careful, especially in this day and age where everyone has kicked up the aggression preflop. Years ago, if it was folded to my button and the blinds were significant, I’d raise almost any two cards. Now, I fold there more often than not.

So these days, even with a decent hand like ace-high in the cutoff or button, do you get wary of stealing there because players are so likely to re-steal against late position raisers? If so, how do you adjust?

I’ve been at tables deep in tournaments recently where I’ve been three-bet five opens in a row and wanted to Read more

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Andrew Robl published such a great story recently:

First off, I’d like to say that I don’t think I’m a great poker player. I have been outplayed thousands of times, and some of my opponents constantly outplay me. I tilt, play in bad games, gamble too much, drink too much, and make countless other bad decisions. But I am blessed to know some great poker players. Here are traits they all share.

Experience

Play Poker for RealThis is by far the most important attribute in becoming a great poker player. It is impossible to become a great poker player without putting in thousands of hours at the table and seeing millions of hands. Due to the nature of online poker, with the ability to play hundreds of hands an hour, it’s possible to get experience faster than ever before. You have to play at least 10,000 hours of poker before you have a shot at becoming a great player.

Intelligence

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At the highest levels, everyone’s experience level and knowledge of the game will be near equal. Whoever can adjust to an opponent faster and out-guess what adjustments the opponents are making will come out on top. This is sometimes referred to as “leveling.”

Desire and Willingness to Learn

No matter how much you play, you will not improve unless you actively think about what your opponents are doing. Beyond this, you also need to seek other poker strategies from players better than you are through books, training videos, coaching and discussing hands with friends.

Ability to Control EmotionsBUTTON

In poker, it is always important to have a logical analytical reason for what you are doing. Our emotions are not equipped to deal with probability and randomness, which are two defining elements of poker. The ability to control your emotions and make the correct logical play time after time is one of the hardest things to do in poker.

Social and Networking Skills

Having a strong poker network is key to becoming a great poker player. It will allow you to Read more

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Adjusting your game to the position

Taking something that you really shouldn’t have is frowned upon in the real world. Most in a civilized society call this stealing. Using the principles that work in poker, such as deception and guile, landed the Adelphia boys in a place where striped pajamas are high fashion and strip searches are considered recreational activity. Luckily though, using your position at the poker table to steal a pot will not net you such dire consequences.

poker-cards-acesThere are times when your position at the table will allow you take a pot you would not have otherwise won. Statistically speaking, it is the best hand that wins most of the time, regardless of position. So what we actually mean by “taking a pot you would not have otherwise won”, we are referring to the amount of money. Using your positional advantage at the table you can squeeze out some extra bets that may have otherwise stayed far out of your reach, in your opponents wallet.

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The last position is the place you want to be. When your turn comes in the rotation for this spot, take advantage of the opportunity. Most players live in fear of somebody raising behind them. When you are in the last position you are the guy they are looking at and praying you won’t raise. This position gives you the freedom to play more loose and aggressive. The person in last position can dictate the behavior of the table with their play.

Let’s say you have a strong hand and are in the last position. Playing a little possum won’t hurt the pot size. The folks in front of you, who are calculating their pot odds based on your raises, may fold if you look overly aggressive. You can bluff the pot odds by Read more

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Poker Tips

This collection of poker tips was put together by Mike Sexton (host of PartyPoker.com and commentator for the World Poker Tour), and Linda Johnson (a noted poker player and personality).

<a href=Play Online Poker” width=”468″ height=”60″ />

Pay attention

Watch who’s playing in an aggressive or loose way and who’s playing tight, try to play the loose players and avoid the tight players, unless you’ve got a strong hand.

Watch the chips

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Always be aware of everyone’s chip count. Know who has more chips than you and play more carefully against them – a mistake could knock you out. It’s usually better to play pots with players who have fewer chips than you do.

No match

If your cards don’t match any of the community cards, throw your hand away when someone else bets.

Ace in the hand

Don’t play every time you have an ace in your hand. However, play an ace if it’s accompanied by a card of the same suit or by a 10 or higher.

Hands to stay with before the flop

Play with pairs (7-7, 9-9), two face cards (K-Q, Q-J), or hands that can make both a straight and a flush (8-9, 6-7 of the same suit). Be patient and fold other hands, unless you’re in the blind.

Good hand? Bet strong

In no-limit Texas Hold’em, players can bet all of their chips at any time, so bet aggressively when you have a good hand. Read more

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How to play poker pocket pairs at texas hold’em

Is that a pair in your pocket? Or are you just pleased to see us? From deuces to pocket rockets, our former poker expert, the late Andrew NS Glazer gave us the best playing strategies for every pair in Texas hold’em.

Pocket pairs are potentially some of the most profitable hands in hold’em, but because they are so often misplayed – usually overplayed, sometimes underplayed – they don’t add as much to your day’s win or your tournament chances as they should.

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The ‘coin flip’ – a rule or a myth

Whenever you watch televised poker and you see someone with a pocket pair going up against someone with two overcards (such as Q-Q vs A-K or 7-7 vs 8-9), you almost always hear the announcers say one of two things: either the hand is a ‘coin flip,’ (meaning that it’s a 50/50 chance) or that ‘it’s roughly 11/10 in favour of the pair.’ Listen for it: it’s practically universal.

The only problem is, it’s practically universally wrong. Different pocket pairs are different sized favourites against different overcards. In fact, they aren’t always favourites. J-10 suited is a favourite over every single pair from twos through sevens, if the pair doesn’t contain one of the suited cards, and usually even if it does. You need to reach pocket eights before the pair becomes the favourite, and that’s by a tiny amount.

On the other hand, if you take your pocket sevens – or even your pocket deuces, for that matter – up against A-K, you’re the favourite. Can you guess why the J-10 hands do so well?

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To hit one (or more) of the overcards

For example, Q-Q vs A-K, and the final board is 5-K-7-J-2.

To make a straight

(A single card from a pair can also help make a straight, but two connected cards stand a much …
better chance). For example, 7-7 vs J-10, with the final board coming 8-9-Q-7-2 (notice that even making a set of 7s on the turn didn’t save the pocket pair).

To make a flush (very similar to the straight analysis)

For example, 8h-8h vs Qs-Js with the final board coming 10s-9s-Ah-3h-8s. Notice the same river card …. Read more

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Here’s a taste of what’s revealed in your FREE copy of “The Definitive Online Poker Strategy

Texas Hold’em & Basic Poker Overviews– Hold’em terms and betting explained. Full breakdown of Hold’em action, from the pre-flop (round 1) to the showdown and winning the pot. Plus, winning hand, high-card & high-suit cheat sheets. Play your next hand like you’ve been doing it for years.

Secrets to Winning Online Poker

  • How some of your opponents stupidly give their money away, and
  • How you can easily prevent these costly mistakes
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  • Four keys to staying positive
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Texas Hold’em Strategies – Which starting hands you should raise, call or fold…and when. Color coded for easy use at a glance.

10 Essential Tips & Tactics Reveal – it is unfair for the other players when you use these…

Fold’em, Hold’em, or Bluff’em? – Three questions help you decide. Plus, how to take advantage of the ‘check.’

Also a good Glossary / Dictionary of many poker slang-words

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