Brutal Session

Just played a handful of Sit n Gos and had a pretty brutal session:

Games Played: 7
Profit: -$5
ITM: 2
Wins: 1

I played 7 games total and cashed in 2 of them. I was a little card dead in the 5 I didn’t cash in and had to go all in when I was shortstacked with dominated hands. Plus hands like this one don’t help your cause:

PokerStars No-Limit Hold’em, 11 Tournament, 50/100 Blinds (7 handed) –

UTG (t1245)
MP1 (t3590)
MP2 (t845)
CO (t1660)
Hero (Button) (t2555)
SB (t1625)
BB (t1980)

Hero’s M: 17.03

Preflop: Hero is Button with A, Q
4 folds, Hero bets t400, 1 fold, BB raises to t1980 (All-In), Hero calls t1580

Flop: (t4010) 9, 7, 8 (2 players, 1 all-in)

Turn: (t4010) 10 (2 players, 1 all-in)

River: (t4010) J (2 players, 1 all-in)

Total pot: t4010

Results:
Hero had A, Q (straight, Queen high).
BB had Q, K (straight, King high).
Outcome: BB won t4010

I pegged this guy as a pretty terrible player early on and had a gut feeling he would shove with a lot of weak hands here in an attempt to protect his blind. I was correct in my thinking when I called and had him dominated but such is poker that he hit the runner runner higher straight.

Hopefully I can get the bad beats out of my system and make a little run here this week.

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Sit n Gos – Online Poker’s Goldmine

If you are looking for a different form of low limit holdem sit n gos offer a great change of pace from the grinding of cash games. Sit n Gos are a form of tournament poker that start as soon as the table or tables fill up with participants. Generally played as a 1 table tournament sit n gos can also be 2, 3, 5, 10 of even 20 tables.

Sit n gos can be one of the most profitable forms of online poker. Since the strategies involved in tournaments differ from those of cash games many players do not know how to adjust to the intricacies of sit n go poker.

Here are my stats from the online tracking site sharkscope.com to show you just how profitable sit n gos can be.

Games Played Av. Profit Av. Stake Av. ROI Total Profit Ability /100 Network Filter
621 $3 $9 24% $1,624 74 PokerStars SNG Only

As you can see a 24% ROI is pretty solid and one of the reasons why I pretty much exclusively play sit n gos online. If I could only play hundreds of these things in a day I’d be rich!

So now that you know what a sit n go tournament is make sure to check back often for some tips that I will be posting on how to beat these popular forms of online poker.

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Bankroll Management Strategy

Bankroll management is a necessarily skill for any winning low limit holdem poker player. One needs to be disciplined with his poker bankroll or risk seeing it disappear from poor game selections or non poker related activities all together.

How much is enough?
As a rule of thumb I like to have 300 big bets in my bankroll for the limit that I am playing. So if I’m playing $2/$4 I would want to have $1200 in my bankroll before starting at those limits. This 300 BB cushion will allow you to absorb pretty much all of the down swings you could possibly encounter when playing low limit holdem. By having that much money it allows you continually play your normal aggressive game without ever coming too close to being broke where you might start to change the way you play.

Know when to move down in limits:
If you experience a horrendous down swing do not hesitate to move down in limits to build your bankroll back up. There is no shame in moving down in limits to one that you know you can beat at a winnable clip. There is nothing wrong with playing at a limit where you constantly win. After all playing poker is mostly about winning money right?

Do not use your poker money for other things:
It is important to keep your poker bankroll separate from any other gambling you might partake in. By keeping your bankrolls separate this will ensure that you will be able to play good aggressive poker and handle and of the swings that might come your way. Also, do not spend all of your winnings after every winning session. How are you going to continue to build your bankroll if you spend all the money from every winning session? That money is needed to help counteract the losing sessions you may encounter during the same month. If you must cash out some money while building your bankroll to move up in limits I suggest using the following method. After every winning session take 10% from the amount you won. For every winning month cash out 5% of the total amount you won for that month. And for every winning year take 2% of your profits.

For example, Joe plays 10 days in the month of June:
June 1 – +$50 (cash out $5)
June 3 – +$125 (cash out $12.50)
June 4 – -$60
June 8 – +$100 (cash out $10)
June 15 – +$40 (cash out $4)
June 19 – -$80
June 21 – $75 (cash out $7.50)
June 23 – +$65 (cash out $6.50)
June 27 – +$100 (cash out $10)
June 30 – +$45 (cash out $4.50)
Total profit for the month $460 (cash out $23)
Total amount to cash out $83

As you can see this strategy allows you to take some money out for your hard work at the tables while continuing to build your bankroll so that you can move up in limits again. Once you reach a level you are comfortable playing and not looking to move up in limits any more you can increase the amounts that you cash out and profit more from your time at the tables.

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Avoid Tilt and Save Money

A common leak in a low limit holdem player’s game is frequently going on tilt. Tilting can be a very costly mistake and should be avoided at all costs. However, that is much easier said than done. Every low limit holdem player is overcome with tilt from time to time. It is inevitable and the sooner you learn to avoid and deal with it the better off your bankroll will be. Here are some tips that I use to help deal with tilt while playing low limit holdem.

Keep the big picture in mind:

Down swings are going to happen in poker. It is just the way it works, especially with low limit holdem. If variance was not a part of the game all the fish would lose their money and probably never come back to the tables as they would never experience any wins. Since we know that down swings are bound to happen why are we going to go on tilt when we experience one? I find that using a poker tracking software such as poker tracker makes it easy for me to track my winnings for the month and keep the big picture in mind. Some sessions you may experience a 20-30BB (big bet) down swing but if I’m still up 50BBs for the month I will not get as upset about the current losses as I know things will turn back around and my better hands will start to win again. Seeing my results graph trending upwards helps me deal with any slight down swings along the way and avoid going on tilt.

Know when to take a break:

If you do feel yourself going on tilt and not playing your “A” game TAKE A BREAK! The best part of playing online poker is that there are many games going at all hours of the day. If you start to feel frustrated and start making mistakes just take a break and avoid anything poker related for a little while. You can always come back to the tables later and find a game to play in.

You need to realize that suckouts are going to happen more often at the low limits. If you constantly remind yourself of this you will not be surprised when someone runner runners a flush against you when they were calling with bottom pair to beat your pocket Aces. Just take your lumps and move onto the next hand because these types of players will not win over the long run and keep the tables nice and juicy for you.

If these strategies do not work you can always get a punching clown and take out your frustrations on Bozo:

Take it out on bozo

Take it out on bozo

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Classifying types of poker players

An essential skill of a low limit holdem player is determining the type of opponents that are at your table. There are four main types of poker players that you can encounter. They are Tight Aggressive (TAG), Loose Aggressive (LAG), Tight Passive (TPP) and Loose Passive (LPP). Each player has their own characteristics and I’m going to give you tips on how to beat each type.

In order to classify a player into one of the four categories we first need to understand what the terms tight/loose and aggressive/passive mean in the context of poker. A tight player plays very few starting hands and will only go to the showdown with a near lock. Of course there are varying degrees of tightness but as a general rule a player who sees the flop 20% of the time or less I would consider to be a tight player. Of course the less hands they see the more of a “rock” that player is and the better their starting hands will be. Anyone playing more than 20% of their hands is on the loose end of the scale. Below is a general guide as to what your opponents starting hand ranges are in respect to the % of flops they see:

Flops Seen 5% (5.6%) is represented nearly by 88+,ATs+,KQs,AKo
Flops Seen 10% (10.3%) : 77+,A9s+,KTs+,QTs+,AJo+
Flops Seen 15% (15.1%) : 77+,A7s+,K9s+,QTs+,JTs,ATo+,KTo+,QJo
Flops Seen 20% (20.4%) : 66+,A4s+,K7s+,Q9s+,J9s+,T9s,A9o+,KTo+,QTo+,JTo
Flops Seen 25% (25.2%) : 66+,A2s+,K6s+,Q8s+,J8s+,T8s+,A7o+,K9o+,QTo+,JTo
Flops Seen 35% (35.3%) :55+,A2s+,K3s+,Q5s+,J7s+,T7s+,97s+,87s,A4o+,K8o+,
Q9o+,J9o+,T9o
Flops Seen 50% (50.7%) : 33+,A2s+,K2s+,Q2s+,J4s+,T6s+,96s+,86s+,76s,65s,A2o +,K5o+,
Q7o+,J7o+,T7o+,98o
Flops Seen 75% (75.9%) : 22+,A2s+,K2s+,Q2s+,J2s+,T2s+,92s+,83s+,73s+,63s+,5 2s+,43s,
A2o+,K2o+,Q2o+,J4o+,T6o+,96o+,86o+,75o+,65o

How to beat each type of player.
Loose Passive:

The Loose Passive player should be the type of player you are targeting at your table. Typically known as a “calling station” a LPP plays way too man starting hands and often calls down with middle pair or less. They also constantly chase draws with no regards to pot odds. Loose passive players are the gold mines you are looking for in poker. There are tons of these types of low limit holdem players. You can sit on the right or left of a LPP and still be in an advantageous situation. If you are on the right you can bet your strong hands knowing they will call down with weaker hands and rarely raise you. However, if they do raise your bet run for the hills as this player has made a strong hand. If you are sitting to the left of a LPP you can raise them pre flop to isolate their weaker hands. You should rarely bluff a LPP and always be betting for value. LPPs lose the most amount of money in poker and you should always be seeking these players out when selecting a table.

Tight Passive:
Tight Passive players can be some of the most frustrating to play against. They do not enter too many pots without good starting hands nor do they raise without excellent ones. You need to avoid the urge to gamble against a TPP. They will rarely pay off a monster with a weak holding of their own so do not take dominated hands to flop and try to outdraw them. Patience is key when playing against a TPP. Winning small pots and stealing their blinds are the way to beat these players. You want to sit on the right of a TPP since they rarely raise and will fold to your bets when they do not hit a strong hand. You can get away from your hand cheaply as well if they do happen to raise behind you. TPP are hard to beat for a substantial profit.

Loose Aggressive:
Loose Aggressive players are the most interesting type of player to play against but can also be very frustrating as well when they get on a hot streak. A LAG is playing nearly every hand and bringing it in for a raise or re-raise often dominating the play at the table. They crave action and are looking to gamble. LAGs can offer some of the biggest profits while playing poker but they can also take your stack easily as well. Proceed with caution when playing against a LAG. You want to sit to their immediate left in order to isolate their weaker hands. Since most players will not call a 3 bet preflop without QQ or better it is easy to isolate the LAG when he is raising every hand. Do not bluff or try to steal the blinds of a LAG. It will just not work. The way to beat a LAG is by inviting them to bluff and check raising them more often. You also want to make more marginal calls on the river against a LAG to pick off some of their bluffs. The key to look for against a LAG is when they do NOT bet or raise a pot. This usually signifies they have a good hand and are trying to keep others in the hand. LAGs can be very exciting to play against but realize that there will be more luck involved in the game when a LAG is present. If you remember this key and stay free of tilt you could walk away a big winner for the session.

Tight Aggressive:
Tight aggressive players are the hardest players to beat. You will generally win small amounts from them but could lose large sums. Try to avoid playing pots with them without premium hands. Bluff a TAG far less often but you can semi-bluff a TAG. TAGs are difficult to play against since they are very deceptive. They will vary their play according to what they think you hold. A TAG is usually a thinking player and will have a good understanding of the game. When playing against a TAG you need to be aware of your table image and adjust your play accordingly as a TAG will usually be conscious of what type of starting hands you play. Do not play a table full of TAGs unless you want to test your skill or improve your game by picking up their techniques. Avoid many confrontations with a TAG and try to pick other players at the table to focus on. This is the type of player you want to be as they are the biggest profiteers in the game.

Determining what type of opponent you are in a hand with will dictate what type of strategy you should use to win the most during that hand. Following the guidelines I have provided will increase your profits at the table and help you become a winning low limit holdem player.

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Feds seize millions of dollars linked to online poker

Just read this article from the Las Vegas Sun, Will Web poker bust spark fight or flight? where the federal government seized millions of dollars used to process online poker accounts. This is no doubt a big story surrounding the online poker industry which has had similar problems in the past. Feds seize $24 million tied to online gambling website Bodog

These actions by the justice department are just another attempt to enforce the UIGEA
which prohibits banks or credit card companies from funding online gaming accounts. It is too early to tell what sort of an affect today’s events will have on the industry but I hope those affects are minimal and that people can continue to enjoy the great pastime of playing online poker.

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To log on or not log on?

When I get the itch to play some low limit holdem I’m often faced with the decision of logging into my online poker account or making the trip to a local card room. Before you go and put your name on the $3/$6 waitlist at the MGM Grand here are some benefits that online poker offers that your local brick and mortar casino can not.

- Find a game any time of the day/afternoon/night. Want to play low limit holdem at 4:30am? Just log online and there are numerous tables for you to choose from. You can even play in your bathrobe if you wish.

- Online poker offers very low limits, $.02/$.04 in most cases, for a newbie to get their feet wet with. For a very small investment you can be playing for real money online against real people.

- The big advantage of playing online low limit holdem is the sheer number of hands you can play in an hour compared to the number you see at a casino. At your typical casino you will see 30-40 hands in one hour while online you can see 60-70 per hour. That is almost twice as many hands! Not to mention that you can play several tables at one time increasing your hands per hour even greater. This increase in number of hands you play will greatly increase the profits that you see while at the tables.

While live poker does have it’s benefits, such as being able to get tells on your opponents, the pros of playing online holdem are just that much stronger than playing live.

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WSOP Event #25 – Ivey wins another bracelet

Phil Ivey has won his second bracelt of the 2009 World Series of Poker. This time in the $10,000 buy-in Omaha/Seven Card Stud HL/8 or Better tournament. Ivey bested a final table that featured other notable pros Ming Lee, Carlos Mortensen and Dutch Boyd. Phil takes home over $220,000 for his troubles to go along with his 7th WSOP bracelet overall. With the way he is playing I would not be surprised to see Ivey take home even more bracelets from this year’s series.

Phil Ivey wins his 2nd WSOP bracelet of 2009

Phil Ivey wins his 2nd WSOP bracelet of 2009

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All About Position

The key to being a winning low limit holdem player is developing a solid pre flop strategy. All quality pre flop strategies utilize the concept of playing tighter in early position and looser in late position. What this means is that you will play far less hands when first to act as you would while on the button.

Early position is defined as one of the first three players to act before the flop. The person first to act is commonly referred to as “Under the Gun” or simply “UTG.” Next to him is “UTG 2” followed by the middle position players “Middle Position 1” or “MP1”, “MP2” and “MP3.” The late positions player are the “Cutoff” which is the person to the right of the dealer button and “The Button” who is the person that occupies the dealer button seat and is last to act after the flop and for every street thereafter. Rounding out the preflop action are the “Small Blind” or “SB” and “Big Blind” noted as “BB.”

Here you can find a detailed starting hand chart that will suggest which hands to play in which positions.

Once you realize which hands are profitable to play pre flop the next biggest concept to master is the Gap Concept. The Gap Concept was made famous by David Sklansky. This essential poker concept states that you need a much stronger hand to call a raise with than you do to raise yourself. When faced with a raise in front of you it is ideal to fold hands such as AJ, KQ and QJ as these are “trap hands” that are easily dominated by other hands such as AK, AQ, and AA through JJ. By folding these trap hands you will save yourself lots of money by not drawing to 3 or less outs. The other side of the gap concept will have you raising with more hands in later positions as the relative strength of hands such as AJ and KQ, which we were folding to a raise before, are now great starting hands with fewer players to act behind us. The likelihood of these players holding a stronger starting hand is diminished therefore increasing the strength of our hand.  This concept is lost by many low limit holdem players.  By mastering the gap concept you will already be ahead of most of your competition at the tables. A huge leak in many players’ game is that they play too many hands specifically hands that are dominated by an early position player.

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Starting Hand Chart

Below is a guide to the starting hands you want to play based on position. Notice how you play significantly less hands in early position than you do in late position. This chart is based on you being the first one into the pot. If there is a raise in front of you an Early Position of Middle Position stratgey should used due to the gap concept.

Early Position:
Raise: AA-JJ, AKs-AJs, AKo-AQo
Call: We rarely call with any hands in early position

Middle Position:
Raise: AA-99, AKs-ATs, KQs-KJs, AKo-AJo, KQo
Call: 88-77, QJs, ATo, KJo

Late Position:
Raise: AA-88, AKs-ATs, KQs-KJs, QJs, AKo-AJo, KQo
Call: 77-55, AXs, KTs, QTs, JTs-76s, J9s, ATo, KJo, QJo

Small Blind:
Raise: AA-JJ, AKs, AKo
Call: All late position hands plus 44-22

Big Blind:
Raise: AA-JJ, AKs, AKo
Check: All other hands

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