Texas Hold ‘Em Poker Tournament

June 17, 2010

Poker Sit and Go Report: Playing Marginal Hands is Just like Scheduling a Reload

Filed under: General — Tags: , — Marty @ 3:24 pm

Poker Sit and Go Report: Playing Marginal Hands is Just like Scheduling a Reload
By Marty Smith 

Marginal hands in sit and go tournaments are quite simply the death of weak players. Before you begin to make the money in Sit and Go Tournaments, you need to know how to fold. Not being able to, is the single, biggest, critical mistake that MOST players make on a consistent basis. Yes, I wrote MOST players. In fact, their lack of discipline will often boost you to the money, but you need self control when it comes to tossing these hands yourself, as your opponents will go down one by one, playing the very hand that you correctly discarded.

The nature of Sit and Go Tournaments brings several key elements together that when understood and strategized, can easily build your poker bankroll by just playing these fascinating single table tournaments. These elements include an impatient player’s desire for action, an inexperienced player’s desire to limit his risk, and a semi-pro’s desire to make it to the money.

When you combine these factors with the potential of quickly multiplying your entry fee, predefined structure and playing time, and your superior knowledge of position and hand strength – you will consistently have the upper hand at every table you sit at. Read that again, please. Imagine that now – you can have an advantage at every sit and go tournament you participate. How can you pass this up?

To attain an acceptable win rate you need to start identifying hands that can get you into big trouble. By big trouble, I mean hands that can either win you a small pot, or lose you a big one. Need I remind you here, that if you lose a big pot in a fast tournament, your are offficially short stacked and hence, your options will be closing fast on you. It’s never inmpossible to come back from an early blow, but why put yourself in that predicatment? You don’t need to win the tournament in the first few hands, but you can sure lose it in the first few hands.

Here are a few of those hands I am referring to: A3s, KJos, Q9s, KQs, A9os, and QJs etc. Have you noticed a pattern here? They all look good right? However, they are not the best, and that is what can send you to the rail sooner than you like. It’s the delicate handling of greed and impatience that requires your inner strength to overcome and toss these cards more often than not. If you are an inexperienced player, you probably should never play these until you are in the money. Marginal hands lead to reload bonuses. Check out my free video series where these issues are dicussed and you can witness them in action, on real tables.

Marty Smith is webmaster of http://www.PokerSitandGoReport.com where you can sign up for a free video tutorial series. He also rates all of the Poker Calculators at http://www.PokerCalculatorReport.com

June 4, 2010

testing poker strategies

Filed under: General — MikeTheMavrick @ 10:25 pm

It is important to test poker strategies.

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The way you test it first if possible is to run mathematical equations so you can see if it’s a sound winning strategy. However strategies that are winning in cashgames may not work out quite the same in tournaments.

You can basically figure out if a strategy is winnable just by making sure it’s sound in game theory.

For example, against optimal opponents, you have to assume they will know exactly when to reraise you. So if you are going to raise, you should do so with the intention of folding 3 times (assuming you are reraised with a raise 3 times as large as your raise) and rereraising on the 4th time. That means of the hands you raise with, you should only rereraise the top 25%. This prevents your opponent from exploiting you by reraising you too much.

If you are going to raise, you should raise based on the amount of opponents left. If you start with 10 opponents and you are first to act, the average best hand will be in the top 10% of starting hands. So you should only raise with the top 10% of hands. This varies due to the fact that certain hands stand up better against a single caller, than multiple callers, but you can still estimate one or two callers and raise enough so that you will only get 1 or 2 callers. If you get called, assume they also have a top 10% hand. If you get raised, assume they have a top 5% hand.

You can do this from every hand position. For example, if everyone folds to you, and it’s you and 3 other people, assume the top 33% of hands is the best. This isn’t quite accurate because people with an ace or king in their hands are less likely to fold, and thus since more people have folded before you, it is more likely that someone has at least an ace in their hand. However, only a slight adjustment is needed.

Now that’s the mathematical way to test a strategy, and it is only preflop. After the flop you can have strategies where you move all in or fold on the flop. You can figure out how many flops you need to move all in, what range of hands your opponent will have to put you on, and what they can call with. Then you can figure ou the equity in the hand, and determine an accurate decision. This can get complicated, but certainly can be done. Given that you get called you have to assume your opponent has a stronger hand than your pushing range, or has equity in the hand. Based on his calling range, you calculate the remaining equity. This is easier to do if you have a strategy where you have either a strong draw or an extremely strong hand.

Now you can easily deviate from this strategy, and be successful, if you can anticipate how your opponents are going to play. However, that’s a dangerous strategy, because people can easily “act dumb” only to set up a playing style which you try to exploit, then they can merely turn it around and exploit you. This is more about outplaying your opponent, and becomes more of a chess match for the really advanced players, but it’s so easy to get tricked into playing a certain way that it makes sense never to deviate too much.

Another useful strategy is equilibrium all in strategies that are discussed more in detail in the book “kill everyon” the sequel to “kill phil”.

The only real reason to have to test poker strategies is in tournament situations. Tournaments are very different in that if you lose you are done, the payout is not winner take all, and you should no be risking as much to accumulate chips, unless that can significantly reduce your risk in the future. Since the blinds cost more every single round, a blindsteal is more valuable in the future, and the potsize will be much larger later on. You want to maintain a manageble chip size if possible, but not at the cost of risking your tournament life since it’s more lucrative in the later rounds.

This means betting 6 times the big blinds early, knowing that with 1500 chips at 5/10 blinds this is only 60 out of 1500 or 4% of your chipstack, but when the blinds go up higher, you will be playing at significantly higher stakes. This amount you raise should also vary based upon the action you get after the flop. In an aggressive game, you can still make a large win even at a small blind level so you actually want to keep the pot as small as possible so you can exploit the post flop decisions to the maximum.

You need to have a strong concept of the kelly criterion in poker tournaments if you really want to dominate consistently.

Testing poker strategies is difficult because the playing environment varies so much. Really, what you should be doing is tracking your chips every game you play at every blind level, and then you can start to estimate the chance of you getting to a certain point. The place when the strategies tested becomes applicable is towards the end of the tournament if you get there often enough. The problem is, this is when you are least likely to be alive so you won’t have a sample size to test.

The conclusion is, you should test strategies against advanced AI, and if possible in sit N go situations where the chipstacks are similar to what they will be late in a tournament, which is rarely the case and the payouts are rarely ever similar. You need to calculate your equity given a certain chip stack size. Then repeat at another chip stack size. And then at another. test multiple strategies, but mainly figure out what X amount of chips is worth to you given the payout structure. That way you can test from the final 3 tables on and figure out what percentage chance you have of getting to the final table. You can end the test when you get to the final table because from prior test, you can estimate your equty based on your chips remaining. Do that enough, and you can get an idea of how much it’s worth to be alive with X amount of chips with 3 tables left. You continue this until you cover every point in the game. If you play 10,000 simulated tournaments, you will have a very good concept of whether it’s worth it to risk your tournament life to double your chips or not at any given point of the tournament.

Full Tilt Poker Report: Sit and Go Strategy

Filed under: General — Tags: , , — Marty @ 10:10 pm

Full Tilt Poker Report: Sit and Go Strategy
By Marty Smith 

Sit and go tournaments (STT’s) are the best way to learn poker, advance your game, and build a bankroll online. At Full Tilt Poker however, this is even more applicable because of the blind and prize structures. If you are playing in a certain circuit as well, Full Tilt offers some of the best note taking features on your opponents, whereby this extra information will allow you to make a move with weak hole cards on occasion.

When I first sat at a Full Tilt sit and go table, I was shocked to find the blind levels raise every 5 minutes! I actually thought I had sat a turbo table in error, but when I investigated further I pleasantly discovered that the actual blinds raise in very small increments. I was used to the Party Poker scenario where blinds virtually doubled every time, putting all kinds of pressure to make a move with sub-par hole cards. Full Tilt increments go in very small raises whereby after a full hour of play the blinds are still a reasonable 150/300. With accelerated online play, that means you could have seen up to 100 hands in that hour, which is plenty of time to watch the loose players kill themselves off while you push your solid hands and remain a competitive chip stack by staying out of the action and multi-way pots.

In light of this, your strategy is to simply stay out of hands. If you are in one you should be loaded with a big pair or big slick and forcing the action, not calling it. There are other marginal hands like JJ, AQ, AJs, ATs or smaller pairs that you can call in late position hoping to flop a big hand. If you don’t and that is most likely, you absolutely need the inner strength to fold medium strength hands and draws here to any type of aggression whatsoever. Your ability to lay down hands in these tournaments, are simply what is going to win them for you.

Now, if you know your players well, and have taken notes in this game or others, you may have opportunity to make position moves. When you are late in position, that’s the time to re-raise players who may be over aggressive, maniacal, gun shy, or min-raising chumps who like to see flops. Watch for these rare spots to chip up, otherwise, stay out of the fray.

If you wait for quality hands and bet enough to get heads up against your opponent, you will place in these tournaments without risking a lot. Once you get to third place, aggression is the key here, unless your two opponents are aggressive themselves, and hopefully with each other. First or third should be your guide when 3 handed. Don’t beat yourself up by going out third with a quality hand or position push because the difference between 3rd and 2nd is marginal. You want to win an all in hand so that it puts you in a huge advantage to take first after you win.

Marty Smith is webmaster of http://www.PokerCalculatorReport.com where all the online poker calculators are tested and reviewed, including the new Holdem Indicator, Sit and Go Shark, Calculatem Pro, and Poker Spy. He is also editor of http://www.FullTILTpokerREPORT.com

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