Posts Tagged ‘poker’

Phil Ivey is Back – Wins Aussie Millions $250k

Sunday, January 29th, 2012

Along with the rest of the Full Tilt Poker crew, Phil Ivey hasn’t exactly been one of the most popular figures in poker over the past eight or so months. And he probably won’t be popular again until former Full Tilt players get their money back. Even still, Ivey wasn’t letting any of this stop him from showing up to the 2012 Aussie Millions.

The man who people have been touting as the best all-around poker player in the world for years not only showed up, but he made a huge impression after winning the Aussie Millions $250k Super High Roller event along with $2 million AUD. And you’d have to argue that this is the biggest poker tournament win of his career.

Now this is saying a lot for a guy who’s won a WPT title and eight WSOP bracelets. But judging from both a financial and adversity perspective, this is the most impressive win by Ivey. As for the adversity, he’s still dealing with a lot of the pressure from the Full Tilt fallout after Black Friday. In regards to the financial side of things, his largest poker tournament cash prior to this was a 2008 LA Poker Classic title ($1.6 million); he also finished seventh place in the 2009 WSOP Main Event ($1.4 million).

Moving along, this win could be construed as somewhat legendary since the final three players involved Ivey, Gus Hansen and Patrik Antonius. The latter is who Ivey dueled heads-up to complete the huge victory. One more point worth making here is that Ivey moved into second place on the all-time poker tournament winnings list with the win ($15.9 million).

Now does all of this mean we’re supposed to hail Phil Ivey and pretend like he had absolutely no involvement at all in the Full Tilt Poker mess? Not exactly, but we can at least respect his unparalleled poker abilities. Furthermore, we should also recognize that he’s not the primary villain in the FTP scandal by any means.

Stealing in Poker Tournaments

Tuesday, January 24th, 2012

One of the most difficult things for beginning poker tournament players to deal with in terms of poker strategy involves rising blinds. As experienced players know, the further you get into a tourney, the more blinds force you to play aggressively in order to stay alive. Unfortunately, many recreational tournament players either don’t get this concept, or tighten up in order to keep the chips they have. So for the sake of both parties, let’s take a quick look at some strategy for stealing in poker tournaments.

Stealing Frequently

Stealing pots doesn’t play a real big part early in poker tournaments due to the low blinds-to-stack-size ratio. After all, why bet a fourth of your starting stack with marginal cards when your 1,500 chips amount to 50 big blinds? But when you get to the point where blinds are 200/400 and your stack is worth 2,400 chips, you don’t have a whole lot of orbits left before desperation mode hits.

Before that point happens, you need to look for stealing opportunities frequently. The three spots where you should be looking to steal are from the cut-off, the button and the small blind because fewer players are left to act. It always helps matters if there’s non-aggressive players to your left, but even if there aren’t, you’ll probably need to steal at some point anyways.

Besides position, the other really important concept here involves your cards. Now if you’re trying to steal a hand, obviously you aren’t doing it with pocket aces. But just because you’re trying to steal a pot doesn’t mean you should be doing it with 8-4(o). Good cards to steal with include any two overcards, suited connectors from 8-9 and up,  as well as A-x and K-x (possibly Q-x if your stack is low enough).

The closer your stack gets to blinding out, the more you have to open up your stealing range. Also, keep in mind that if your stack is below 10 big blinds, you should be shoving on every steal attempt.

Micro Stakes Differences

Friday, January 20th, 2012

The term “micro stakes” collectively lumps together limits ranging from $0.01/$0.02 to $0.25/$0.50, which often makes the poker strategy run together as well. However, it’s important to understand that there are several noticeable differences as you move from the lower end of the micro stakes cash games to the $0.25/$0.50 end – especially when it comes to No Limit Hold’em.

First off, in $0.01/$0.02 (2NL) games, players don’t value the money nearly as much because the buy-in is normally $2.00 at the most. So if you bust your entire stack twice in an hour, you’ve only lost a total of $4.00. This being the case, people are loose with both their money and play because there’s little consequence to losing. So you need to watch out for both players that are willing to call big raises (relative to big blinds ratio), and those who are frequently willing to go all-in with top or middle pair.

To address the first issue, where players call lots of raises just to see the flop, you can’t follow the standard preflop raising rules for high stakes players to protect premium hands. Instead, you often need to bet 8x the big blind or more to isolate one player after the flop with AA through JJ to keep the advantage.

Now this will also depend on the table and how everybody’s playing, but just be aware that raising 3xbb in a $0.01/$0.02 game isn’t going to ward off too many callers. Furthermore, if three or four people call your preflop raise while you’re holding aces, you may need to hit a set just to win the hand.

Moving to the second aforementioned point, which involves players going all-in with top pairs and second pairs, this is another edge that you can exploit. To find the players who are willing to go all-in with pairs on dangerous boards where you could be holding the nuts, you need to identify each player’s range.

For instance, some players may be willing to shove a full cash game buy-in from early position with Q-J(o) on a board of A-Q-9. Here the player could easily be beaten by an ace, yet they’re willing to go all-in with little information on anybody else’s hand. If you see players who’ve made plays like this before, you can be a lot more confident calling with a top pair or two pair in these scenarios.

As you move up towards the end of the micro stakes realm where 50NL games lie, be aware that players are less likely to call huge preflop raises just to see the flop with something like Q-T(o). Also, you aren’t going to see as many people shove when they’re holding top pair on dangerous boards, or middle pair on any board. Simply put, you’re going to need to play better poker, know more poker strategy, and do a lot of extra thinking in these games.

Dealing with Calling Stations on your Left

Monday, January 2nd, 2012

For the most part, playing against calling stations in online poker is a blessing because they’re willing to call lots of raises and bets with marginal holdings. However, things can get a little trickier when this calling station is immediately to your left.

By having this kind of player to the left, your chances of successfully bluffing are diminished because there’s a good chance they will call any raise. Going further, you can’t really hope to check-raise them too often either because calling stations will also check to see free cards. Long story short, having a calling station sitting to your left can be annoying and bothersome.

Fortunately, it’s not too difficult to outplay these fish if you alter your game a little. The first thing you need to be aware of is that bluffs should be taken out of your arsenal. Now this sucks when you have late position because the ability to steal is essentially gone, but you can make up for this in other areas, which we’ll get to next.

The big bonus to having a calling station to your left is that you can open up your range of playable hands. Of course, doing so requires that you’ve played with this opponent long enough to see what their range is. But once you’ve accomplished this, you’ll be able to play a wider range of hands from late position, and value bet more effectively.

The whole key to beating a calling station is knowing just how far they’ll go to call a raise, and punishing them for this. Assuming you ever get stuck on a table full of calling stations, you can sit back and wait for premium hands because A) you know they won’t be re-raising you a lot, and B) once you do get a premium hand, you can get a lot more value because there’s a good chance at least one player will call your big raises.

Spotting Bluffs in Poker

Wednesday, December 28th, 2011

The most romanticized-about aspect of poker is no doubt bluffing. You see it in movies and TV shows, and all of the beginners want to discuss it. But in reality, bluffing isn’t as big of a part of online poker as everybody makes it out to be. That said, bluffs still happen enough to make them relevant though, so it’s worth discussing how to spot them.

The first thing you need to realize is exactly what we said to open the article in that bluffing isn’t as prevalent as people think. The sooner you understand this, the sooner you’ll get out of the mindset that players are constantly trying to bluff you; in turn, this prevents you from wasting unnecessary chips while calling players all of the time.

In regards to actually catching somebody in a bluff, you need to know their betting tendencies, what range of cards they typically play, and what the board looks like. For example, let’s say your opponent is extremely aggressive, they raise with 66/KJ/etc. from just about any position, and the board reads 5-8-3 rainbow; in this scenario, any raise could be construed as a bluff. But before you call or re-raise here, you need to have enough info on your opponent to make an informed decision.

Assuming you don’t have enough info on an opponent to spot their bluffs, just remember one thing: being bluffed isn’t the worst thing in the world. In fact, it might even be +EV in the long-run to simply fold rather than trying to sniff out a bluff when you’re not quite sure.

Lots of experience with reading opponents and studying their tendencies will definitely help you spot bluffs as well, so keep this in mind while you’re playing poker.

Knowing when you’ve beaten an Online Poker Limit

Sunday, December 18th, 2011


Those who want to make more and more profits in online poker obviously have to move up the stakes. Of course, the smart thing to do is to wait until you’ve officially conquered a certain limit before moving on towards the next. That being said, many online poker players wonder when they’ve officially beaten a cash game limit.

After all, there is no set number of poker hands that will tell you when you’re a truly successful player at certain stakes. Some people say 5k hands or more, some people say you won’t know until you’ve played 100k hands or more. The reason why it’s so difficult to pinpoint an amount is because there’s so much variance involved with playing internet poker.

The reality is that you can never be absolutely sure about your win rate until you’ve played at least several hundred thousand poker hands at one limit. But you can take a look at your win rate vs. the amount of hands played to come up with a reasonable idea.

For example, let’s say that you’re playing at the $0.01/$0.02 stakes, and you are winning 2bb/per hour after 20,000 hands. Now this isn’t too bad for a recreational grinder who learns a little poker strategy on the side. However, if you truly want to be a winning player who makes money from the game, a win rate of 2bb ($0.04 total) at the smallest online poker stakes possible isn’t the greatest. Furthermore, it doesn’t exactly inspire confidence that you’ll crush the $0.02/$0.04 stakes and up.

So it’s also important to take into account the level of competition you’re facing along with win rate and hands played. For instance, if you were winning 2bb at the $1/$2 stakes after 20k hands, this might be cause for moving up since win rates are smaller as you advance.

In answer to the original question of how you truly tell when you’ve beaten certain stakes, it’s important to look at the hands played first, then win rate and competition secondly. Provided your win rate is good enough, 15k-20k hands should be enough to determine your success rate for a given limit.

Ben Lamb is Toast of 2011 WSOP

Tuesday, November 8th, 2011

Every year, it seems as if one WSOP player stands out above the rest. Last year, it was Michael “The Grinder” Mizrachi because of his previous fame, $50k Player’s Championship title, and 2010 WSOP Main Event final table appearance. This year, the shining star at the 2011 WSOP is no doubt Ben Lamb who is now a lock to win the WSOP Player of the Year award.

The 26-year-old has absolutely crushed the competition after winning the $10k Pot Limit Omaha Championship ($814,436), and finishing within the top 12 in three other tournaments. Now all of this would have been enough to put Lamb in a position where he was the best 2011 WSOP player. However, Ben Lamb has taken things even farther by making it to the end of the WSOP Main Event.

When the final table finishes play today, Lamb will be second in chips behind Pius Heinz, and in front of Martin Staszko. But no matter what happens, you can be sure that his name is already etched into WSOP lore since he’s guaranteed a top three Main Event finish on top of everything else.

The financial aspect is definitely worth noting in all of this too because Lamb has taken himself from being a well-paid grinder to being a bonafide multi-millionaire. Counting just his first four cashes, Lamb earned $1.3 million. And when you include his impending 2011 WSOP Main Event cash, he will make anywhere from $4 million to $8.7 million.

You could even say that Ben Lamb has had the best WSOP ever when the tournament field sizes and event skill levels are taken into account (four of the five events he’s cashed in were championships). Of course, that is something up for debate after looking back through history, but Lamb’s 2011 WSOP performance is definitely near the top.

 

Cold Calling in Poker

Sunday, October 9th, 2011

One concept that beginning poker players may not be totally familiar with is cold calling. Basically, cold calling involves making a call when at least two actions have been made (one involving a raise) before your turn to act. For example, if one opponent bets, another opponent raises, and you call, this would be considered cold calling. Seeing as how two players ahead of you have shown some hand strength, this isn’t exactly the ideal time to be bluffing or trying to draw with a marginal hand.

For example, let’s say that you’re sitting in middle position with KQ(o), and an early position player bets, then the player to your right raises; assuming at least one of the players isn’t a total maniac, you’re facing a dilemma here. Sure K-Q is a solid drawing hand since it has top pair and high-straight potential, but is it really +EV to call in this situation.

Some might consider this to be a good enough starting hand to cold call a raise with, but the majority of skilled poker players will pass on this one – even with position. After all, you’ve got somebody who raised from early-middle position, knowing that they have the potential to be called or re-raised later on.

Assuming you make the call anyways, you’ll often be put into a difficult post-flop position. For example, let’s say that the flop was A-Q-7 rainbow, which isn’t bad for you because you paired the queen. However, you also have to contend with the possibility that your opponent had AK or AQ, and they now have top pair. Of course, they could have pocket jacks as well, and this will take knowing your opponent’s range in order to decide if it’s worth calling any future bets they make.

But long story short, you need a very good hand to make a cold call in online poker because the opponents ahead of you have shown a considerable amount of strength.

Mike McDonald wins Lackluster Epic Poker League

Saturday, September 10th, 2011

The second ever Epic Poker League Main Event wasn’t exactly a resounding success since just 97 of the 200 invited poker pros joined the tournament. Seeing as how invited players are given a free $20,000 Main Event seat, and hotel/travel costs are covered, you have to wonder about the future of this organization.

In any case, the 97 players that did show up to the Epic Poker League certainly weren’t sorry because a $2.3 million prize pool was up for grabs, and the first place finisher was guaranteed $782k. Once everything was decided on the poker tables, Mike McDonald was crowned the champion.

McDonald, who became the youngest EPT winner in history after taking down the 2008 EPT Dortmund Main Event, outlasted David Steicke in heads-up play to scoop the big prize. And what’s nice about this win is that McDonald will have something extra to celebrate for his birthday tomorrow, when he turns 22. The Canadian now has $3,668,524 in live tournament winnings.

Of course, this is nowhere close to the $16.8 million that Erik Seidel has earned throughout his career, which ranks first all-time. And the reason why we’re bringing up Seidel is because the former New Yorker took fourth place in this tournament, and earned $184k for yet another solid finish this year. He took second place in the first Epic Poker League tournament too, and has earned $6,445,168 in 2011 alone!

It’s also worth mentioning that French poker star Fabrice Soulier took third place in this tournament, while the oft-hated Dutch Boyd finished in eighth place. Here is a look at the full standings from the second Epic Poker League Main Event:

1. Mike McDonald – $782,410
2. David Steicke – $506,260
3. Fabrice Soulier – $299,160
4. Erik Seidel – $184,100
5. Nam Le – $126,570
6. Isaac Baron – $92,050
7. Sean Getzwiller – $69,040
8. Dutch Boyd – $57,530

 

 

Negreanu Takes Ivey’s Spot As All Time Tournament Poker Winner

Thursday, January 20th, 2011

Phil Ivey has sat at the top of the all time biggest tournament poker earners for a while now, but thanks to a million dollar runner-up finish in a recent $100k American Poker Tour No-Limit Hold’em Super High Roller event in the Caribbean, Daniel Negreanu has stolen Ivey’s crown.

Negreanu has made only two larger cash wins in his poker career than this $1 million dollar cash out. He took home over $1.7 million in the Five-Diamond World Poker Classic II and $1.1 million in the Borgata Poker Open WPT. He’s come a long way, with a total of over $14.1 million in poker winnings during the course of his career. Pretty impressive, especially considering that the 36-year old Canadian has only been on the poker tournament scene since 1997. Many of his older counterparts have been around for much longer and haven’t made as much money as he has.

Although Negreanu has surpassed Ivey in tournament winnings, Ivey still beats Negreanu when you look at how much money he has made across all aspects of poker play and not just tournaments. That being said, Negreanu’s feat is still quite an accomplishment.

In addition to now being the all time biggest poker tournament winner, Negreanu also has earned three Player of the Year accolades from the World Series Of Poker, Card Player Magazine and the WPT and is a household name amongst poker fans around the globe.