Texas Hold ‘Em Poker Tournament

December 18, 2009

Shove It All In

Filed under: General, formerly private posts — MikeTheMavrick @ 2:20 am

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Now how to you win against poker players that don’t properly manage their bankroll? How do you gain an edge against players that play too high?

First of all, you play at a safe low stakes level.

Second of all, you play a high varience strategy.

Poker, while still having many years ahead of itself, is full of players who have already lost it all before. The poker boom has been around. Sure there’s a new boom and new players every year, but mostly, people learn that poker is a dangerous game. Now most people still have not been through mass varience, but regardless, they’re fearful. If players play too high, it is actually CORRECT for them to be conservative since it will cost them much more in the long run by taking on too much risk.

Regardless, it helps to know a near equilibrium strategy that involves pushing all in a lot.

Well, I came up with a few strategies. Yes, they are highly based off of “super system” but I did them in a way where your aim is equilibrium strategies. However, My focus is on shoving all in with sets and draws. The reasoning is that by doing this strategy, you force opponents to call you with more premium draws in order to exploit you. However, if they do that, there is still a counter adjustment.

You know that you will be moving in with a set. You hit a set roughly 12% of the time that you have a pair. If you push with a set, your average chance of winning when called might be something like  90%. it could be much better, or not nearly as good. on a 987 flop with all hearts when you have 77 it’s obviously not going to be good as often as a A27 flop with all different suits.

But if we assume your equity is 90%, we figure out how much you win. We then figure out when you move in on a draw that your chance of winning on average might be 25% (sometimes your opponent will call with a higher draw, other times you will be against a set, and sometimes you will push with a less than premium draw, and sometimes not all outs will be live). Based on these numbers and how many times the pot you shove, we calculate your equity. I assume you push for 5 times the pot. If this is the case, you can push with about twice as many drawing hands as you can without… 2.17777778 times more to be more accurate.

Now there’s an issue. You will flop a draw more often then you flop a set. 12% set, 15% draw. So that means that you should play 80% less drawing hands if you want a 1:1 ratio. We want a 2.1677778 ratio, so we must play 80% less than 2.167778. This is 1.742. So we will want to play 1.742 MORE drawing hands than pairs.

Now, if we’re raising in early position, we may decide that JJ+ and AK are hands we’re willing to rereraise with. This is significant because we don’t want to allow opponents to exploit us by reraising us. So we should raise with 4 times as many hands as JJ+, AK. That’s a total of 12% of all hands we should play.

Now we know that we will play 12% of hands. We will play AK and AKs. Now that makes up 1.2% of the hands we will play. We are left with 10.8%. These will be our drawing hands and pairs.

The equation x+1.742x=10.8 will tell us what percentage of pairs we should play. 10.8/2.742=3.93. So

3.93% of the pairs we play, 66+ makes 4.1% of all hands which is close enough. 3.93*1.74= 6.85% of drawing hands.

If we’re aiming for suited connectors we can play 45s up through KQs, we can play suited 1 gap connectors, 57s through AQs, suited 2 gap connectors 69s-AJs. That is it.

Remember we play 66+ and AKs and AK as well.

So our suited connector draw range is 66+, AK, AJs, KTs+, Q9s+, J8s+, T7s+, 96s+, 86s+, 75s+, 65s, 45s

Total hand range=12.2% of hands. So that looks great.

Now remember, I explained the problem with this. If our opponents properly adapt and start suspecting that we push with low drawing cards, they should play high drawing cards, and call on higher draws. The solution? Push slightly less often, and do so with premium flushdraws and premium straightdraws. So we will instead adjust our hand ranges.

We will still play 66+ and AKs and not. Additionally, we will still play 6.85% of drawing hands. In this case, all suited aces, All 2 suited cards 9 or higher, and K8s and k7s. Add 66+ and AK and AKs and it’s again 12.2% of hands, which is perfectly fine.

Big flush hand range: 66+, AK, A2s+, K7s+, Q9s+, J9s+, T9s

Now what will happen is a flop may come T87, our opponent will call with T9 for a pair with a straight draw properly adjusting to how we were playing before, as normally we would be likely to have 56, 67, T9 ourselves, or perhaps 78 or a hand like this. However, now instead we will have J9, and out opponent will need to catch a card. Additionally our opponent may call with a flushdraw expecting us to have like a 6 high flushdraw, when we have adapted and now we are the ones with a higher flushdraw. Now if we have t9 and get a flushdraw, we have to be more cautious if we think our opponents have adapted.

Now we might occasionally slow way down in our aggressiveness and make small bets at the pot. Psychologically we want to dominate our opponents and figure out what we can get away with. If our opponents let us, we will continue to bet at the pot. If our opponents come out firing, we rarely may call looking for a backdoor draw so we can move in on the turn, or we call with a set or made hand and do the same play. We will essentially play for the small pots, by winning the big ones.

Okay, but what if you’re shorter handed? Or if the first 4 players fold. You can play more hands! So I’m not going to do all the work again. I did it once, but I made the mistake of usin the 2.1667 multiplier and not adjusting for the fact that you will flop a draw more often than a set. So it’s a “draw heavy style” to adapt, simply be less likely to push with a draw and a set, and be more likely to slow play and take free cards, as well as just make standard bets instead. This may be an interesting spot to consider just betting the pot instead of moving in with both sets and draws. If your opponent just calls, you will give up on the turn if you miss, unless you have a straight AND flushdraw, OR a set, OR you hit your card on the turn, in which case you will push all in. This will essentially be just as profitable as on the flop. It will keep your chances of winning very high when you’re called, as your straight flushdraws will give you 12-15 outs with a 24-30% chance of winning. Actually, there will be more in the pot, so making this move will be a much more reasonably sized bet. You are more likely to get called but you will have a slightly better chance of winning with your draws, and you will have a much better chance of winning with your sets, and you will be a near lock to win the hand with you flushes and straights. Also, it’s a nice gear change. If your opponents start folding to scare cards, of course you can make this play with AK.

Late position 26.4% of hands. I think 5 players on is fine
22+, At+, KQ, QJ, JT, t9
A2s+, K5s+, Q7s+, J7s+, T6s+, 96s+, 85s+, 75s+, 64s+, 54s
that’s 26.4% of hands. We can then rereraise with 6.6% of hands.
77+, AJs+, AQ+

This is Doyle Brunson’s super system more or less. The difference is, we will be pushing near “equilibrium” and the main plan is to do so on the flop. This means that there’s nothing our opponents can do. We will expect to break even when we get called, however our opponents can’t always call. If they adapt by making really weak calls, we will have to make one more adjustment which involves playing the best preflop hands, and actually moving all in at equilibrium. We pick up so many small pots that we don’t care about getting called. We expect to break even when we get called, maybe even lose some, but we pick up so many of these pots that it adds up and more than makes up for our losses.

What’s equilibrium though? The quick way to find this is to just figure out the amount our opponent can never fold, and bet all in more than twice that frequncy with the best range of hands that it allows given the flop.

If the flop is 965 we of course would move in with any set, 78 and premium pairs. If we don’t play 78 offsuit, that doesn’t count. However, after that is where it gets fun. We have to keep in mind our opponents range of hands, and our own. Ideally we will have the same hand range, if not we could be making a huge mistake. Now if an all in is 5 times the pot, our opponent can never ever profit if he folds 6 times. He MUST call on the 6th time. this is 1/6 or 16.667% of all hands. We push twice that often, or 33.3% of hands. It HAS to be the TOP 33.333% of hands given the flop. The only way for our opponent to call with a better hand is to adjust and call only with the top 16.66677% of all hands. Additionally, as long as we still have equity in the hand (a chance of winning) when our opponent has a strong enough hand to call (which WILL happen), we can actually push MORE often than with the top 33.333% of hands, and should to reach equilibrium against opponents that either fold too often, or who play optimally. the exact number depends. Of course KNOWING whether or not you have the best 33% of hand range GIVEN your starting hands isn’t easy. It’s not the top 33% of ALL hands, it’s 1/3rd of the hands you enter the pot with. If you only play 10% of all hands, that means you will be pushing with the best 3.3% given the flop. The interesting thing is it should be the best hands in terms of the chance of it winning by the river against the optimal calling range. You would realize that on a 78A flop with 2 hearts that 9T of hearts although not a strong hand right now with ten high is worth pushing because it wins a very high percentage of the time against any calling range. 65 of hearts, 9t of hearts and JT of hearts are also strong candidates. I won’t get into all of the math to find exact equilibrium, but simply understanding where that point is, and understanding that you should push more against opponents who don’t call often enough, and push less often against opponents that call TOO often is enough to give you a pretty significant edge if you do some work in understanding your strength of hand based on the flop.

So the final adjustment is acheiving that equilibrium, which is super tricky, but you can figure it out really if you take the time and learn what you need to. Of course if you can have enough of an understanding so you move all in on the right amount of flops where your opponent can’t exploit you, and you play a solid game overall, and you occasonally mix it up and play a more “small ball” approach, you will do excellent?

If you want to play “small ball” use negreanu’s strategy. It’s essentially a different version of the “super system”. You may call with a backdoor draw when a more visable draw is available. You call with bad pot odds when you have the bluff equity to call. You call with strange draws so you can represent main draws. Sometimes you hit your draw, sometimes you don’t. Sometimes you have the hand all along. Basically this works because you are calling often enough to play passive yet prevent your opponent from bluffing you. If your opponent bets the pot, you need to call on the top 50% of all flops given your hand ranges. You may call just to bluff the turn, or fold if your opponent bets. You generally will play passive but you will mix it up and check raise, and reraise every now and then. This is Game theory with a twist. The twist is that often times calling with A9 may be in 50% of your hands, but you know that if your opponent has A8 he won’t continue and will probably fold, so you might as well call with a longshot draw and consider betting the turn if your opponent checks. This allows you to still “keep an opponent honest” while also having drawing outs, and being able to bluff more effectively. It’s more of a psychologicacl edge, however, when you do hit that longshot draw, you get paid off, your implied odds are much greater, and you can actually bluff more effectively with scare cards. Of course, you have to not bluff very often against loose players.

There’s always a way to adapt!

I love poker!

=

Note, there are several other all in concepts like this that you can do. One style is a basic tight strategy where you generally only enter with 99+ and AK and AQs. You basically will push with 99 or better on the flop. You will start off shorter stacked, and raise large. If you are reraised, your opponent is essentially moving all in.  You will want to adapt to your opponent, but generally you can call all in with JJ+ or AKs. These are super powerful hands. You generally are going to be moving in on a very large percentage of the flops. You are looking for the overall strength of your entire strategy, not the actual hand. So if your range of hands pushing in on the flop is strong enough you push. If the flop is QJT and you have 99, that’s still a push. You could easily have AK AQ, QQ, JJ, TT. Since the pot will probably be 8 big blinds and you will have 16 in front, your opponent is not going to be able to counter it. I would not be suprised if pushing 100% of the flops is profitable. These strategies aim more at exploiting the looseness of your opponent more so than the mistakes they make after the flop. By the time you get to the flop you will have such a large edge that you will be able to push over your opponent and there’s no way he can call. Even though your opponent with unpaired cards like AK may hit the flop 1/3rd of the time, you will not only win 2 pots when he folds and only lose 2 when he calls, but you also will gain when you have AA or KK already. Additionally if he calls with ace high you gain even more. You still may hit a set even when he hits, and when he hits and calls, you still can suck out and win the hand. If you have a clear advantage against AK, imagine what advantage you have over other hands with this style? Your opponent is actually an underdog with AK going into the hand vs your range. A very slight one. AKs is a slight favorite preflop. Even so, your opponent would be better off moving in and forcing you to either call and allow him to see all 5 cards, or fold and give up equity.

A variation of that strategy is where you loosen way up in middle and late position, but you’re still fairly tight and you start with fewer chips. You should still push more than half the flops. Starting with like 30 big blinds can also be very powerful. It allows you to still make bets and such, but if the flop and situation is right you can still push.

I have seen Mike Matusow make some brilliant plays in cash games where he reraises out of position and moves all in on the flop with KJ. As it turns out his opponent folded 88, but this was a huge mistake as his opponent could not have asked for a better flop short of flopping a set. Even if his opponent called, Mike would have outs. Additionally, Mike may play that way with aces, kings, queens, jacks. His opponent made the mistake of calling BEFORE the flop, THEN made it worse by folding AFTER. The combination of both was horrendous. You can push for reasonably sized amounts with overcards to the board. Maybe 1.5 times the pot or 2 times the pot, but you better be sure your cards are live. if you have KJ and the board is T high, and you think your opponent will fold AK and AJ (which is a reasonable assumption). you’re much better than if you have AJ as your opponent could have AT.  You cannot be too wreckless or your opponents will probably adapt. just an occasional cautious play when you have a draw, and showing down your hand or even folding at some point proves to your opponent that you may not always be pushing weak hands. This is enough to convince them to be far tighter than they should, allowing you to continue to push and even push in some more marginal situations that are exploitable, but your opponents won’t know that you’re pushing so often.

I personally no longer impliment this strategy. It takes too long to wait for a hand, plus I much prefer the “super system” strategy where I sit in with 50 big blinds. It gets the table juiced up and full of action as people lose their mind and can’t be patient enough and eventually just start moving in and going crazy preflop or on the flop themselves.It’s just more fun for me. However, I certainly would consider playing this style to “switch gears”. It would be very optimal against opponents who start calling me with 67s and hitting a pair on the flop and willing to call my large overbet knowing that I may be on a draw. Additionally, if my opponents start to see me push with pairs, they will probably try to adapt, and again they would have to start calling with AK on an ace high flop. However, most opponents just do not adapt correctly, and will most definately call with top pair against my seemingly reckless style. In the long run though, they will be losing money as when I am ahead, I am ahead by much more than the 90% when I have a set as I estimated in my calculations. Additionally, when I am behind, I still have outs. When I have a pair with a flushdraw, my hand is suddenly much stronger than it would otherwise be against a different opponent..

Now I am going to teach you how to come up with your own strategy that is at equilibrium.

Whether you’re in a tournament or cash game, it’s nice to know how.

Basically you need to figure out your top hands to shove with. To start with assume your opponent has top pair. You will shove with all sets. Now you have to figure out that you will hit a flushdraw 15% of the time and a set 10% of the time. You have to figure out how often you will be shoving all in, and for how many chips. You figure out what you expect to be and you make sure that there is balance. Put yourself in your opponents shoes, you need to shove often enough where if they call they will basically break even. You win what’s in the middle when they don’t call, but when they do call you break even. That’s your edge. Your edge also comes when people call with inferior hands thinking you always have a draw when you don’t, and when your opponent think you always have a draw and folds superior hands. Your opponent will fold when they have a stronger hdraw than yours. This isn’t exactly equilibrium in the same sense of reality in that if your opponent knew your pushing range, they could exploit by calling with ace high flushdraws. You would then have to counter with pushing less with draws and more with sets and also with high pairs. The adjustment that is made depends on your opponent. There are true equilibrium strategies that are much different. To understand these, read “killl everyone” by blair rodman the sequel to “kill phil”.
I will not give you the actual math or an example of using poker stove and I will leave those who truely seek the knowledge and put in the effort to figure it out.

December 10, 2009

How To Break Down Blind Structure and Adapt

Filed under: General — MikeTheMavrick @ 7:32 pm

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Speed of a tournament makes a difference, however, there are still certain points of the tournament where changing gears is necceary.

How you adapt to the blind structures is important….

Now first you want to kind of just get a feel for the tournament. Assume you gain an M of 1 per rotation. What point do you get below 20 big blinds? 10 big blinds? Now you want to look at the major increases in “M” these are good spots to take advantage of your tight image, and build a tight image around that period of time.

Look at an ante to small blind ratio. This is going to be a period of time when it’s correct to defend your blind more, and correct to attack players that don’t adapt to this ratio.

You want to find a period in a tournament where the antes increase, and the overall M increases the most. This is your most aggressive period of time. Now before that you may want to build a tight image….

BUT, you can actually build a LOOSE image against aggressive restealers. The reason is, when the increase comes, now you can raise, get reraised, and put in a REREraise and take down a large pot. Now if you are just raising big blinds and not adjusting your raise sizes to the blinds, then you only care about big blind increase in that instance, however antes play some role.

 high big blind increase is a time for resteals, and most importantly isolation raises over limpers, and the big play preflop where you’re in position and you represent a big hand by going over the top of limpers. The major big blind increase means that this type of play is more valuable.

You should be able to come up with a different strategy for every blind level.

Do you steal more when folded to, do you encourage limping befor the blinds raise dramaticaly so that you can make a play over limpers? What kind of image do you build? DO you loosen up? can you afford to tighten up? Does your strategy chance as a big or small stack?

The important thing is still not to force it, however, be very aware of the situation, and LOOK to adapt to the table more aggressively if you need to. If you raise 2.5 big blinds always, then you are more vulnerable to a resteal when the antes are LOW n comparrison to the antes as you are not gaining as much on your steals and your pot odds to call a reraise aren’t as good. So adjust your raise sizes if you would like. A dramatic increase in the antes can also represent a good time period for you to open with more hands, or limp behind with more hands. Save the isolation raises for after several limpers when the blinds have increased. If your opponents play in a way where they are likely to play a “fold 5 or 6 times and reraise on the 6th or 7th to make everything back”, then there’s more reason to raise over the limpers with the antes are in as they are more likely to make a mistake by not adjusting to the extra money in the pot, however the difference is very small, so limping behind here is usually better.

Study the increases for image plays, study the ratios and cost per rotation for just adjustments that may be neccesary, and study how your chipstack relates to these increases, for plays that may be needed before you get desperate, as well as to better understand when you SHOULD be desperate, vs when its not as bad as you think…

Additionally, although you may notice that the blinds increase dramatically from one level to the next, it doesn’t neccesarily mean you hAVE to get super aggressive and make a play. In fact, if you could steal 5 times now, or 5 times in the next blind level, it’d be best to wait in terms of overall chips. The longer you can wait before taking on risk to come up with pots, the more every steal and small pot is worth. Although the chip increase may represent a HUGE increase from the level before, in 10 levels, that level will be miniscule. So if you can survive to the future levels and merely maintain your chipstack until then, and THEN go into hyper aggressive mode, through the entire course of the tournament passing up on early level steals will have a minimal impact. However, since there exists the ability to steal blinds after playing tight, you might as well wait one more round and attack the blinds after a big increase rather than before.

Also, from the contrarian perspective, you may think that it may make sense to double up and take on risks BEFORE you get to a huge increase. If you go broke, it’s not that big of a deal since that huge increase would have forced you to take on risk. On the other hand, if you amass a big stack, now you can put maximium pressure on your opponents. The risk you take the level before, may be worth it to double up and get a lot of chips so you can make several additional steals that you normally may have been unwilling to make.

Overall, your strategy makes sense to get progressively more aggressive, although it certainly is okay to have “image building” phases. Early on in the tournament you should play fairly pasive, unless you ahve a huge hand and can get the maximum  in and still be profitable. When I say maximum I actually mean the “kelly criterion” if you have the best possible hand, just move all in. If you are 80% sure you have the best hand, be willing to put maybe 60% of your chips in. This is maximum aggression, but allows maximum growth. Anything beyond the Kelly Criterion isn’t neccesarily unprofitable in the long run, however, it is less profitable, and small errors can quickly result in it being unprofitable. Additionally, the risk of ruin increases as you go beyond the Kelly. Although in cash game envorinments and other betting situations where you actually are betting a percentage of your entire bankroll, you need to leave yourself room for error, and earnings less to ensure that you at least earn something is much better than the catestrophic error of over estimating either your return or your chance of winning, which could result in you anhiliating your bankroll. Howevr, in a tournament, although you should treat a tournament as a cashgame with your entire bankroll at play and the only way you’re guarenteed anything is by cashing, in other respects, you only lose what you put into the tournament, and you will be able to live another day. In my opinion, aiming for the “full kelly” is certainly acceptible, and accepting an amount beyond that is as well. The tournament doesn’t last forever like a cash game, therefore a little varience at the expence of lower long term growth, but by gaining EV and higher upswings when you win is still acceptible, and in rare situations may actually be preferred. (turbo structures in particular) Additionally, if you know that you will have to make bet that go beyond kelly in the future, taking on risks is acceptible.

December 8, 2009

Full Tilt Poker Madness at Midnight

Filed under: General — Tags: , — Marty @ 9:56 pm

Full Tilt Poker Madness at Midnight
By Marty Smith 

The midnight madness no-limit hold’em tournament at Full Tilt Poker is one of the most consistently high turn out tournaments in the online poker world. Every night, at twelve midnight eastern standard time, you can get in this tournament for only ten bucks plus the one buck administration fee (rake). But what’s so good about it? A few things make this tournament a profitable venture including the time of day, the buy in, and the attrition rate.

The time of day is significant here because the majority of would-be participants should really be in bed sleeping and getting proper rest for work the next day. However, it is also private poker time for a lot of those same players and staying up late is just a small cost for some enjoyment and privacy. On the other hand they may be heading into this tournament with the expectation of doubling up quickly or getting out and going to bed. If they do double up then they can bear down and play solid, and hopefully make the money or substantially more. – first place in this tournament is usually over $2,000US.

At ten plus one dollar entry fee, most players at Full Tilt can afford this tournament, even some of the poorest players ever to click the all in button. And they do show up in droves here, again partially because of the time and the low buy-in and potential a potential bankroll explosion for the average low limit player. Full Tilt also encourages some if the resident professionals to participate as well, like Michael Craig, Lee Watkinson, Lynette Chan and others. That actually sells the tournament better because all amateurs want to sit beside a pro at least once.

The best part of this tournament for those who think at least somewhat strategically is the outrageous attrition rate of the participants. The paid entrants deplete so fast that after the first hour, if you survive, you will be among the remaining third of the players eagerly waiting to divide up the dead money left by high risk – low blinds players. Several nights this week the tournament started with over 1,500 entrants and by the end of the first break was between 500 and 600.

With an attrition rate that quick, playing tight has more inherent value as a style of play and strategy because the eliminated players are simply building the prize pot for the remaining contenders. I mean that is how all poker tournaments work actually, but an expeditious exit rate certainly adds to your expected value in terms of deciding which tournament to play.

Marty Smith plays at Full Tilt Poker regularly as TurtleKnife and also has a FREE poker tournament strategy video series that you can sign up for.

Three Betting in the Lower Limit Poker Tournaments

Filed under: General — Tags: , , — Marty @ 9:54 pm

Three Betting in the Lower Limit Poker Tournaments
By Marty Smith 

When you are playing no-limit poker tournaments online, you are going to come up against a variety of opponents, most of which will be unpredictable, because of their lack of knowledge and not necessarily their inherent skill level.

Your poker calculator will often alert you to such loose aggressive opponents by way of their excessive VP$IP, PFR% and AF, and it is easy to assume that most of these players are going to don’t themselves out of the tournament sooner than later. However, even in the lower limits there are players who can play this style and manage to accumulate tournament chips at a successful rate in the early stages.

Because so many of your opponents do play loose aggressive, it’s just simple math that a select few of them are going to advance in any given tournament. One of the strategies that these types of opponents often use is three betting, which is simply re-raising your raises. It gives you caution to wonder how strong your hand really is, and even though you’re playing a tight aggressive style, your opponent is completely ignoring that and often puts your tournament in jeopardy at an early stage with marginal hand. So how do you handle this strategy?

First of all, even though you suspect your opponent may not know what he’s doing, there is a chance that he actually does. So in that sense, you should look at lower in your opening race size, particularly in late position and in that way, you will have better implied odds to call their free bet with may be something like pocket pairs or suited connectors.

You should also be prepared to widen your range but not calling three bets out of position, unless you have a really good hand. This is somewhat conducive to being able to distinguish if your opponent is actually employing a strategy or playing like any other donkey.

To help preserve your stack, refrain from real raising this player. Let him build the pot until you have a superior hand, and only then on the river, should you be value betting. He will probably call, if in fact he is weak player. Just don’t get caught in a stupid bluffing war, with players like this.

Another strategy would be to actually open up your own three betting frequency, especially in position against tighter players. If you are only three betting in the range of 2% or less, then there is likely more opportunity for you to be stealing some pots. Just make sure you know who your opponents are in what they’re likely to do with your aggressive play.

Three betting is advanced play to be sure. This really means that winning poker tournaments online, in particular the – low limits, you are likely better off playing tighter than your opponents. However, in the later stages you are going to be up against some relatively aggressive players, who know how to play, when more money is on the line – so you shouldn’t be taking them lightly.

Marty Smith has video reviews of all the online poker calculators so you can see them being used before you decide which one is right for you. He also has a poker tournament strategy video series that is free poker training just for signing up.

Does it All Boil Down to Sit and Go Math Now?

Filed under: General — Tags: , — Marty @ 9:54 pm

Does it All Boil Down to Sit and Go Math Now?
By Marty Smith 

Well with so many ranked pros playing sit and go tournaments for a living now, turbos no less, there has been a movement to purely mathematical decision modules near the money and in the money. Colin Moshman brought a lot of this strategy to light in his sit and go strategy book released from two plus two last year. Even he though, pinpoints some drawbacks of using the independent chip model exclusively to make decisions. Those drawbacks may include your opponents skill and relative positions at the table in a given hand.

I think a lot of Colin Moshman’s success, and that of his readers, come from emanating his style during the high blind stages in sit and go tournaments. And yes there are equity decisions in this stage as well, but the pure aggression of it all, is what turns certain sit and go tournaments into relatively mathematical based games of chance. I mean, a lot of these guys just play turbo sit and go tournaments leading half the field orange and mzoned 20 minutes into the tournament. There just isn’t a lot of play there for bluffing or re-stealing when I bet at the flop is going to pot commit you anyhow.

There is simply more luck involved in turbo sit and go tournaments. So you can expect some high variance swings in your bankroll if you play these in the upper limits. Check some of these big-time players out on shark scope and you will see a drop of $100,000 to $200,000 is not unusual. Unless you can handle fluctuations as big as that, I would recommend you stick to sit and go tournaments under $100, and avoid turbos. This way your bankroll will build more consistently but also allow your opponents sufficient time to make those inevitable mistakes found in the lower levels.

There is caution to be taken at the bankroll building stage that may actually preclude you from playing this style of poker, and that would be the correct math for you. Not everything can be boiled down to simple math when your bankroll is considered too.

Yes, it’s good to know the numbers, it’s even better with a firm grasp of sit and go ICM. But you still have to take care of your bankroll while building that upward graph, not only an ROI percentage, but your education as well.

Marty Smith has a free sit and go strategy profiling report and videos for playing sit and go tournaments successfully. He also reviews all the online poker calculators using video in real game situations, so you can see which one is right for you before you buy.

Sit and Go Emotions

Filed under: General — Tags: , — Marty @ 9:54 pm

Sit and Go Emotions
By Marty Smith 

Some of the biggest challenges facing sit and go players while bankroll building and getting to learn the game has nothing to do about the game at all. It has everything to do with controlling your emotions at the table and not letting them inject into your decision-making. You know no limit hold them is one of the easiest games to learn, but as you have no doubt discovered it is one of the most difficult to make a profit long term.

I say that with a bit of apprehension because really with a bit of training and a lot of emotional control it’s actually easy to make consistent profit playing sit and go tournaments online. The truth of the matter is though, that the large majority of online players lose money in sit and go tournaments. If you don’t believe me, the next table you sit at queue up all of your opponents on sharks scope and see the red ink for yourself.

So if winning sit and go poker tournaments is so easy to learn, then the problem in losing money must inherently be derived from lack of emotional control.

This is truly one of the key facets to poker psychology that comes into play because it’s one of the first tests you are going to be facing while playing online day after day. It essentially requires you to continually ask yourself – “Can I compete and learn in this game while controlling my emotions?” That answer lies in your poker account. Is your cash going up or down? Are you reloading or are you using other players money? Are you making the right decisions at game critical intersects?

Lack of emotional control leads to poor decision making and invariably, costly mistakes. It doesn’t matter if you get lucky. It doesn’t matter if you suck out. It doesn’t matter if somehow you still make the money. If you press that all in button for any reason other than tactical strategy, your mistakes will become more and more glaring and more and more expensive.

Emotional control can be learned with experience, attentiveness, reflection, and a burning desire to improve. I mean have you ever seen Gus Hansen lose it at a table? Like him, and most other professional players, you must first recognize how emotions are a part of your game, and then learn to use them to your advantage.

Marty Smith has a free sit and go strategy profiling report and videos for playing sit and go tournaments successfully. He also reviews all the online poker calculators with video in real game situations, so you can see which one is right for you before you buy.

Would Gus Hansen Bluff in an Online Sit and Go Tournament?

Filed under: General — Tags: , — Marty @ 9:54 pm

Would Gus Hansen Bluff in an Online Sit and Go Tournament?
By Marty Smith 

You may know from my previous articles that I am not a proponent of bluffing in online poker games, especially in the lower limits. However, I have never stated that bluffing is wrong, only that it requires a high level of skill, timing, and exceptional opponent profiling.

There is a vast difference in the styles of games played from limit to hi limit to turbo sit and go styles, that should make you think twice about bluffing because if done with out due thought process you are likely to get caught and as we all know one single pot can make a huge difference in the outcome of the whole tournament.

There are many players simply immune to bluffing, and will call you even if it doesn’t make sense to you that they called. For instance you may be moving up the level to say like 10,20 even $50 sit and go tournaments and find that players at that level called just as much as they do at the one and two dollars sit and go tournaments. While a lot of that has to do with the math of the game. You have to remember that a lot of those $50 sit and go players are multi-tabling, and have no time whatsoever for your bluffing plays. They will simply look at the situation as a mathematical equation to determine if you have it or not – at least on a long term basis. That’s how they make their money.

To that end I would completely avoid blatant bluffing in turbos, with hole cards that give you no chance to win if you do get called. You at least have to limit yourself to semi-bluffing when your opponents are skilled math players. You will know if they are if they are multi-tabling while playing at your table as well.

In saying that I do find the best opportunities for bluffing are against tag players in the low to middle levels of sit and go tables, such as the $5, $10, and $20 tournaments. If you aren’t using a poker calculator to determine if they are attacked player then I recommend you use a service like sharkscope to help you to that end. The tags usually have a steady uphill graph of consistent, decent profits. Tags will also try and take betting away from you, and the best way to get beyond that and don’t play them is to put them to a decision for their whole tournament in particular when they have a lot to lose and they haven’t yet reached the money.

Another time there is a good opportunity for sit and go bluffing is when you have a monster stack and the tournament is one off the money with four or three players left depending on the size of your table. If you get a player raising in to you and are holding cards with potential like suited connectors, paint cards, Ax of Kx suited, that could also be a great opportunity to win a sizable pot and get a cautious player to fold the better hand.

Marty Smith has a free sit and go strategy profiling report and videos for playing sit and go tournaments successfully. Gus Hansen plays on Full Tilt Poker under his real name and you can find him there playing at the highest limits.

 

 

Be a Sit and Go Mutual Fund Manager

Filed under: General — Tags: , — Marty @ 9:54 pm

Be a Sit and Go Mutual Fund Manager
By Marty Smith 

Successful online single players realize that one of the biggest hurdles to their success was to learn how to properly manage their bankroll, while at the same time building their skills. It’s an often hard lesson to learn and for most of us tested our resolve time and time again, until really understanding and role management sunk in deeply enough to have an impact on our game.

But managing a bankroll doesn’t necessarily come naturally when it comes to online poker. The fun and excitement of it all tends to get minds a wondering, and hopes a leaping, even for the most conservative of characters. Maybe though, we should think of ourselves as more conservative characters, like the blue suits who manage money every day as a way of life. Can we not take some lessons from market players who manage millions of dollars?

Think of yourself as an investment banker or mutual fund manager. Those professionals will only use a small portion of the money they manage and put it into higher risk opportunities. That doesn’t mean high risk opportunities, it means managing investments properly with an inherent amount of risk and reward scenarios thoroughly analyzed.

They manage for long-term, annual returns. If you take this further and think about it, if you’ve ever seen a wildly high return percentage advertised for a mutual fund like 33% or something like that, then you pretty much know it was a fluke and that there is likely no way that fund is going to repeat that percentage the following year. You don’t trust it. The same should be said for a poker player who makes it big early on in his online endeavours. You can’t trust him to repeat it – because you know it is a fluke. He is a fish, burning to give it back.

There are bankroll management programs available online some of them free that can help you to this end. Using one of them can make your thinking process much more professional in terms of how you handle your online poker accounts. How often do you think a mutual fund manager says things like, let’s let the whole thing right on this one stock I got a good feeling. I’m feeling really lucky about this stock, let’s go for it. Let’s just try and double up or get the heck out of its business. Let’s move up because what we’re doing so far isn’t working.

If the sound familiar you might not need a new poker book as much as you need an investment manual.

Marty Smith has a free sit and go strategy profiling report and videos for playing sit and go tournaments successfully. He also reviews all the online poker calculators with video in real game situations, so you can see which one is right for you before you buy.

Playing TAG at the Final Table

Filed under: General — Tags: , — Marty @ 9:54 pm

Playing TAG at the Final Table
By Marty Smith 

If you are like me, then you play a lot of a multi-table sit and go tournaments online. They are really great in terms of keeping your time spent in tournaments confined to segments, that don’t intrude on as much of your time as the open multi-table tournaments. There have been many times when I wanted to play a tournament by only had maybe three hours maximum. In that sense, I look to the 90 seat or 180 seat sit and go tournaments that you can find at poker stars and full tilt poker.

It’s in these tournaments that I’ve also noticed something else about the final table. That is of course when make the final table. The thing is I in the habit of profiling my opponents all the way through every tournament I play, so when I do make the final table. I know what kind of players I come up against. Oddly though, once you do get to the final table, you may find like I do, is that the majority of your opponents put on their best TAG suit and step up to the game.

I even find this when leading up to the final table, a good number of your opponents actually had different profiles ranging from gambler, to elephant, to eagle. So why all of a sudden, when the final table convenes do players change their colors? Is it mostly because the tag players are the ones who have survived throughout the tournament or do players get serious enough about the game that they actually changed their profiles to adapt to game conditions?

I think it’s a combination of both really. Last final table I was at there was one rock and eight TAG players. Even though was only a four dollar hundred and 80 players sit and go tournament, by the time I got to the final table, my opponents were playing like professionals. Virtually all the pots were heads up, there was pre-flop raising. There was post-flop aggression, and there were sensible critical game plays that led to four living or re-raising with very few hands going to the river.

I liken this to what Dan Harrington refers to in his no limit hold them series, in that a player must change his style of play. Based on the conditions of the tournament, no matter what his natural or comfortable playing zone really is. It’s the same way in the sit and go tournaments, you generally have to become tight aggressive when the blinds become so astronomical that there’s just no more room to play around, like you might’ve been leading up to the final table.

And don’t forget even though these are low buy-in tournaments, a lot of the players at final tables at these levels never been to a final table before, and although the winnings modest, they could be rather significant to your opponents bankroll. So be surprised. Next time you get to the final table that most of your opponents are strong TAG players, and they seem to know exactly what they’re doing.

Marty Smith has a free sit and go strategy profiling report and videos for playing sit and go tournaments successfully. He also reviews all the online poker calculators with video in real game situations, so you can see which one is right for you before you buy.

Making the Money in Online Poker Tournaments

Filed under: General — Tags: , — Marty @ 9:53 pm

Making the Money in Online Poker Tournaments
By Marty Smith 

Getting eliminated in a poker tournament is NEVER a good feeling, and the underlying idea is certainly to make it as deep as you can in every tournament you enter, but is that all there is to it? Of course you understand by now that poker is anything but a simple game, and tournament strategy requires even more layered thinking for long term success and profitability.

One of the most important factors when strategizing in poker tournaments is making the money. For some players, this isn’t actually that important as their bankroll is at a level of comfort having 50, 100 and even 200 buy-ins or more, waiting in their account for the next tournament. A lot of rounders and pros will play more aggressively in this situation because they want to make the money with a healthy stack.

For most online players though, this simply isn’t the case and making the money should be of paramount importance. The reason for this is because when you are actually building a bankroll, the best money to play with is that of your opponents, not your own. I call this OPM, or Other Players’ Money, and if you are just starting out in online poker, then OPM is your only way to long term success, save for extraordinary luck.

The only way to start using OPM is to do your utmost to make the money in every tournament you play. It may not be optimum play for a large payout, but in the low limits it does work for several reasons. Firstly, there are enough donkey playing fools in online poker that will essentially put you in the money by virtue of their impatient, ill advised aggression.

Secondly, the attrition rate in low limit tournaments is quick sometimes, that you can count on your actually entry fee to be worth at least double what you paid.

Lastly, you can count on making the money about 15 to 20 percent of the time, and no matter how you play, the math is on your side that you will make the final table often enough to earn those higher payouts, no matter how tight you play.

Now adopting this philosophy normally requires tight-aggressive Harrington style play, but it’s not so easy to stick to that style while witnessing the foolish players around you and their lucky, but growing stacks. Getting caught up in that though, means you are playing on your lack of emotional control, and not using a solid winning strategy.

It all comes down to numbers and probabilities. If you play tight aggressive, you will make the money often enough to build your OPM bankroll, and then play risk free forever more. Now, what do you really think is more profitable?

Marty Smith has video reviews of all the poker calculators so you can see them being used before you decide which one is right for you. He also has a poker tournament strategy video series that is free poker training just for signing up.

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