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  • Sizing Up Your Opening Bet

    Posted under Pro Tips by garydarden on Friday 3 July 2009 at 3:52 pm

    Sizing Up Your Opening Bet

    Chris Ferguson

    I never get tired of saying it: If you’re the first to enter the pot in a No-Limit Hold ‘em game, never call. If you aren’t prepared to raise, throw your hand away.

    Why, you ask? Simple. By raising, you put pressure on the blinds and the other players at the table, making them consider just how strong their hands really are. Chances are that by raising, you’ll force marginal hands to fold before you even see the flop, limiting the number of players you have to beat through the rest of the hand.

    OK, with that out of the way, the next obvious question becomes: How much should I raise?

    To that, I say; it depends. First off, you shouldn’t allow the strength of your hand affect the size of your raise. A tough poker game is like real estate. The three most important factors in deciding how much to raise are: Location, location, location.

    You always want to make your opponents’ decisions as difficult as possible. In choosing the size of your raise, you want to give the big blind a tough decision between calling or folding if the rest of the table folds around to him.

    Raising from early position is to advertise a very strong hand – one that can beat the seven or more other players who still have to act. Since you are representing such strength, it doesn’t take much of a raise to convince the big blind to fold. Also, since your hand is so strong, you actually don’t mind a call from the big blind anyway. The real reason for a small raise is that you have so many players acting after you, any of whom might wake up with a monster and re-raise you.

    When you raise in late position, you’re representing a hand that can beat the two or three remaining hands. This gives you a lot more freedom to raise with marginal hands, but your raise must be bigger or the big blind can call too easily. Another reason to raise more from late position is that you’re trying to put pressure on the big blind to fold, not call and, more importantly, you don’t have as many remaining opponents who can re-raise you.

    One of the most common mistakes in No-Limit Hold ‘em is coming in for a raise that’s too big. In early position, you want to keep your raises at about two times the big blind. With four to six players to act behind you when you’re in middle position, raise to about two and a half big blinds, and raise to about three times the big blind from late position.

    If you’re representing a big hand by raising from early position, it stands to reason that you’ll only get played with by huge hands. Why risk four, five or more bets to win only one and a half bets in the blinds when you’re often going to be running into monsters along the way? If you’re holding A-Q rather than A-A and a player comes over the top, you can lay it down without having risked much.

    Some beginners raise more with their strongest hands to build a bigger pot or raise less with these monsters to get more action. Instead, I recommend that you play your starting hands the same way no matter what you have. With A-A or A-J, raise the same amount so you’re not telegraphing the strength of your hand to watchful opponents. An exception would be if you know your opponents aren’t paying attention and you feel sure that you can manipulate them.

    These numbers need to be modified if there are antes. You should generally add about half the total antes to any raise. Your early position raise should be two big blinds plus half the total antes, and three big blinds plus half the antes for your late-position raises.

    There are many loose live games these days. If you find yourself in one of these games and you can’t steal the blinds with a normal raise, tighten up your starting requirements slightly and make larger raises. If this raise still can’t take the blinds, don’t tighten up anymore, but choose to raise an amount that you expect to get called once or twice behind you. Since your opponents are playing too loose, take advantage of it by building bigger pots when you think you’re getting the best of it.

    The last exception is when you’re short-stacked. If making your typical raise means putting over a quarter of your stack in the pot, just go ahead and move all in instead. Betting a quarter of your stack before the flop commits you to calling just about any re-raise or, at the very least, it gives you a very tough decision. Moving all in here instead of raising less forces the tough decision on your opponents and eliminates one of your tough calling decisions. All of which brings us back to my first principle: Avoid being the one to just call.


    So You Wanna Go Pro

    Posted under Pro Tips by garydarden on Friday 3 July 2009 at 5:38 am

    So You Wanna Go Pro

    Rafe Furst

    At the final table of this year’s World Series of Poker, the media consensus was that there was only one pro at the table: Mike Matusow. We’ve since learned that this year’s champ, Joseph Hachem, gave up a 13-year chiropractic career three years ago to play poker for a living. The other seven players at the final table won over a million dollars each. It’s a safe bet that a few of them now consider themselves poker professionals. What does that mean?

    Three Myths About Playing Poker Professionally

    Myth #1: Either I’m a Pro or I’m Not

    Consider the following players. Which ones are pros and which are amateurs?

    Adam

    Adam plays the tournament trail full-time. He’s up thousands one month, and broke the next. He’s always borrowing money from fellow poker players. He has no life outside the poker world and constantly thinks, “I wish I had some skills and experience that would allow me to get a normal job.”

    Betty

    By day, Betty’s an accountant making $50K a year. She plays poker in her spare time. Some years she earns $20K playing poker, other years she earns $100K. She rarely has a losing year.

    Charlie

    Charlie picked up the game a year ago, entered his first tournament – the prestigious “WPT London” – and won it with flair and showmanship. He netted $500K and got a ton of TV coverage. He blew through $350K in the next 11 months playing every big event with no cash finishes. He’s still got a bankroll, thanks to some juicy endorsement contracts from an online site and a beer company that guarantee him $1 Million a year for the next three years. All he has to do is continue to play in every major tournament and endorse their products.

    Debbie

    Debbie has a bankroll of $500K, She makes (or loses) anywhere from -$50K to +$200K per year playing a very erratic schedule. That schedule is structured around the good games, whether they’re offline, online or on the tourney trail. She travels to far-off lands whenever she feels like it, and has plans to settle down and start a family. Someday. But not now.

    Eddie

    Eddie only plays online, He clocks in, plays exactly eight hours a day, five days a week, at four simultaneous tables no higher than $5-$10 limit hold ‘em. He earns a surprisingly consistent $100/hr, takes the family on vacation twice a year, plays tennis, and attends opera on the weekends.

    Myth #2: I Would be so Much Happier if I Could Just Play Poker Full Time

    TRUE: It’s fun playing an hour or two each day.

    BUT: It might not be so fun playing all the time to the exclusion of other interests, family and friends.

    TRUE: It’s low-stress and entertaining, playing as a hobby.

    BUT: It might be very stressful if you have to grind it out to pay the bills every month.

    TRUE: Those big tourney winners on TV live like rock stars.

    BUT: What about the other 99% of the players you don’t see, all of whom are competing for your dream.

    Myth #3: I Don’t Need a Big Bankroll to be a Pro

    Check the long list of Former World Champions who have gone a full year without making the final table of a major event. As of this writing, it takes roughly $500K to enter all the major tournaments in a year.

    Ask your favorite pro how many times he or she has gone bust in their career, or how many times they have been hit up for a sizable cash loan from one of their good friends.

    Poker is a great game; it’s tons of fun, and it has never been as potentially profitable as it is today. But try to keep it in perspective.

    Poker doesn’t have to consume your life. You can make a good chunk of change playing poker, and you can do it without giving up all the good things you have going in your life.

    Financially, mentally and socially, you are better off making poker fit into your life rather than the other way around.

    Getting back to the players in the introduction, it’s clear that Eddie is a pro. And it’s equally clear (to me anyway) that Adam is definitely not, even though he thinks he is, and so does the general public. Adam is a dime a dozen in the poker world. You’ve even seen him and his ilk on TV a number of times. As for the other three, I don’t know whether I’d call them pros or not, but I sure wouldn’t mind being in their shoes.

    “Professional” is just a word. Being a professional poker player is not the same thing as being a successful poker player.

    Bottom line: You don’t need to be a professional to be a poker champion.


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