Texas Holdem Secrets Exposed

Rule 1 of poker is “Play happy.” That’s a good one for you low rollers, to whom I address a good many of my columns.

You’re probably not trying to make a living at the lower limits, but, even if you are, you should still have fun while doing it. You get one guy raining on everyone’s parade, and soon everyone else starts feeling miserable. That leads to less desire to gamble. The game tightens up. The less action in a small game, the less money the good player makes.

Two things make a poker game fun: having a good time and winning. When they’re combined, it’s the greatest game in the world. If you’re not winning, it’s much easier to take in a game in which the players are pleasant and having a good time than it is at a table full of grumps. You can deal with the grumps better when you’re winning, of course, but how much better to have the ups and downs - and, if you continue to play well, you’ll have more winning sessions than losing sessions - in games that are uniformly pleasant.

Fortunately every game does not contain what the English call “an old misery guts,” someone who seems to get pleasure out of complaining. But what can you do if you find yourself in such a game? My advice is to get out of the game. Find yourself a better one, one in which the players are having fun. If you’re in a large cardroom, that will be easy, because you have lots of games to choose from. If you’re in a smaller cardroom, and there’s no other game at a limit in which you feel comfortable, you might consider trying another cardroom. It’s just not worth staying in a game with one or more such players. A game with “bad vibes” will affect your play. You won’t do as well.

You can contribute to this overall sense of well-being in your regular games by always being on your own best behavior.

You can’t win every hand that you play. And you can’t win every session you play.

Arising out of the first is that you will take some bad beats. In fact, if you play low-limit “no fold ‘em hold ‘em,” you will get drawn out on a lot, even when you consistently play better cards than the others. If they didn’t win those longshots once in awhile, they wouldn’t play them, and you wouldn’t win as much. You have to realize an important fact: at this level of expertise, you make much more money from the poor play of your opponents than you do from your own good play. When someone draws out on you on the river with the one card remaining in the deck that can make him a winner, when you were something like a 12-to-1 favorite, don’t give him a lecture that starts with “How could you stay in…?” Just smile and say, “Please take the pot. Nice hand.” If such a player keeps starting with inferior hands and keeps staying to the end when he’s obviously taking the worst of it, he might win a few battles, but he’s going to lose the war; that is, he’s going to lose money in the long run.

If, on the other hand, you start with good cards, bet when you continue to have the best of it, and fold when you don’t, you’re going to make money in the long run. As Mike Caro keeps drumming into everyone’s heads, you’re not getting paid to win pots; you’re getting paid to make good decisions.

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You have to save an awful lot of dollars to make up for just once mistakenly throwing the best hand in a $100 pot for a $1 bet.

There was a player who was absolutely convinced that no one would be dumb enough to bluff for his last chip. Say the pot contains $80. You might have $11 left after having put $40 so far into the pot. He has a good hand, but not the absolute nuts. He bets $10, and you put in all of your chips, that is, you raise your last $1. Most poker players would sigh and then call that last minuscule raise. Most poker players also always end up losing that last chip nearly every time. He wanted to show he was too smart for that, and saved that dollar. He would never throw a pot away if the player was about to buy more chips, and was just trying to get rid of those last chips.

A few players caught on to his habit, however, and, perhaps as a desperation play once in awhile would take a chance on their last chips, and go all in as a bluff. They would never do it against any other player, knowing that any other player would resignedly toss in the extra chip.

Did this player outsmart himself? He didn’t think so. He thought he was very clever not to lose that last dollar. The pot has $100 in it, he’d reason. Let’s say he’s in that situation 100 times. He throws away his hand each time. Let’s further say he’s right 99 of those times, so he saves $99. On the hundredth play someone bluffs his case money in desperation. Our friend loses the $100 in the pot that he could have had for calling the dollar. That’s a net loss of $1 for the 100 plays, or about 1 cent per play. Not much of a loss per play when you figure it that way, right?

Here’s what’s wrong with that reasoning.

First, the situation probably wouldn’t come up 100 times in any one player’s lifetime.

Second, even if the precise situation did come up 100 times, that one bluff per 100 would be only a guess. Even if it was a good one, it would still be an average. Statistical analysis would show that this is an awfully small sample. Some runs of 100 situations he would be right every time. Some runs he’d be wrong as many as 10 times. Over thousands of runs it all might average out, but what if the next 100 is the run he gets bluffed 10 times? He saves a buck 90 times, plus $90; he loses $100 10 times, minus $1000. Net loss, $910. Not such a good play anymore.

Third, once smart players see that he might fold sometimes for an extra buck, they might well make the play.

Never throw away a moderate-sized or larger pot for a tiny fraction of that pot, even if the chances are practically nil of being bluffed. I adopted this maxim years ago, right after one player and I got into a raising war in a straight $2-limit (Northern California style, same bet both before and after the draw) lowball game. I was drawing to 6-4-joker-ace, with an extra 6; he wanted to gamble, and so showed me his whole hand, king-6-3-2-ace, and then kept reraising me each time I raised him. I wasn’t going to quit, because the joker made mine the better draw. Finally, after 20 bets apiece, he stopped raising. We each drew a card. He was first to bet, and came right out swinging. I paired fours, and disgustedly dumped my hand.

He showed me his pair of sixes, and gave me the horselaugh as he took the pot. Since then, if a pot had as few as 10 bets, I usually called the last bet, even if I had hardly any chance of winning, and even if proper poker strategy said it was a bad play. No, I wasn’t like the guy who had lost his farm calling every bet, but, by God, no one had bluffed him. I just wasn’t going to give up any pot for one bet that represented only a small part of the pot.

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People overestimate jacks. Sure, it’s the fourth-highest pocket pair, but is it that much better than TT or 99? Yet, how many players advise you to go all-in pre-flop with those hands? Also, after a typical stretch of 87 or so consecutive hands on the order of 83o, Q2s, and T7o, two Johnnies can look pretty good.

1. “Who’s likely to call me?” The more players who will act after you, the greater the risk that one or more has AA, KK, QQ, AK, AQs, or another hand that you don’t want to call. I’ve seen players with KQs call an early position all-in. You say you don’t mind a call from an opponent with KQs? Well, you’re only about a 54-46 favorite. If that’s enough of an edge for you, God bless you, but personally I like better odds before I commit all of my chips.

2. “What will I win if everyone else folds?” With the explosion of poker popularity in recent years, there are lots of “newbies,” and nothing seems to attract them more than tables where they can say “all-in,”just like the pros they see on TV. Plenty of them are willing to risk all of their money to win $7 or $15 in blinds.

3. “Why not make a smaller raise?” Poker is supposed to be a thinking person’s game. What are you trying to accomplish? Is it really necessary to go all-in to drive out the A-rags and K-rags? Wouldn’t a raise of three or four big blinds do the same thing? And then you have the opportunity to do some thinking of your own if someone re-raises. I am continually amazed by the players who raise with JJ and then call an all-in re-raise, announcing “I put her on Slick or AQ.” More often than not, that read is dead wrong, and the sad former holder of JJ is buying more chips.

4. “Why raise at all?” If I’m to the button’s right, three or four players have limped, and I look down and discover JJ, I may limp as well. There’s a lot of money in the pot, and I’d be surprised if none of the previous limpers have a big ace. Both factors lower the odds that my all-in bet would win the pot without a flop.

That last strategy worked well for me in a recent game. I had jacks and was the fourth limper. With all that light action, seven players, including both blinds, saw the flop. Remember the unspeakable horror of the un-raised big blind? The BB in this game had 87s and the flop was J78! He checked and so did everyone else before me. I made a small bet designed to represent a weak J, a straight draw, or an 8 with an ace or king kicker. The button re-raised with KJo, and the BB went all-in with what he had considerable reason to think was the best hand. I called and the button wisely folded.

What would I have done if the flop contained an A, K, or Q and no J? If anyone but the button bet the flop, I’d have folded and counted most of my chips as saved money. Sure, I might have gotten the holder of that big card to fold with a big raise pre-flop. But in the long run, I think you’re better off evaluating JJ fairly: It’s a good hand until a higher card flops, and then your real thinking begins.

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In low-limit holdem games, it is not all that uncommon to raise Ace-King under the gun, get smooth-called by an A6o, and stare down at a flop like A67 rainbow. With this flop, your opponent is going to most likely wait until the turn to raise you, and you’re going to call all the way and lose, then muck your cards without showing.

Let’s examine some alternatives…

You could have folded the Ace-King preflop, but I think that we can quickly agree that this was not a viable alternative.

You could have check-called the turn and river after being called on the flop, which in this case, would have saved you one big bet. But then you would have run the risk of giving a free card to a worse hand, making it good enough to beat you. If the turn card is a Q, then you run a bigger risk of losing by giving a free river card than if the turn card is a 2, but most of the time, it’s not going to be a good idea to give this free card. Another problem with this approach is that against a very passive player holding something like AJ, you will actually lose a big bet when your opponent checks along with a hand that he/she would’ve called with.

You could’ve check-raised the flop “for information”, but the quality of information that you receive will vary depending on the type of opponent you’re up against. Against a tight-aggressive player with a weaker holding, check-raising the flop is probably a worse alternative than check-calling the whole way, because you are likely to scare your opponent out of the pot on the flop, when you have the best of it by far, and he/she might have given you more action later on. When the pot is big, and your tight-aggressive opponent would have pot odds to call this check-raise even knowing about your powerful holding, then it becomes a good option to go ahead and check-raise, because you’re forcing your opponent to choose between making a call with the worst of it, and a “bad fold”.

In a larger-limit game, you could wait until the turn and then check-raise with top pair, top kicker. But doing so when your opponent is holding this A6 in this low limit game is clearly disastrous, unless you are able to get off your hand on the turn when re-raised, or unless your opponent is timid enough to just call your check-raise with 2 pair instead of reraising.

The truth is that while you may have played your hand predictably by leading all of the way and then check-calling the river, you probably did not play the hand poorly. “Then why do I keep having losing sessions after playing like that?” you ask? It’s probably because you’re not really playing like that the whole time. After losing that hand with Ace-King, you’re finding yourself picking up ATo under the gun, and raising it to get back at that A6 player. You’re perfectly right about AT being just as effective against A6 as AK is, but then disaster strikes when you’re reraised by a dominating AQo and lose a big pot, knowing that things would have gone differently if you’d stuck to big hands in early position, such as AA-JJ, AK or AQ offsuit, or AKs-ATs. The real losses aren’t actually occurring “with” AK. They’re occurring during the several hands you spend on tilt, afterwards.

Low limit holdem is a game of extreme fluctuation, but whenever you start talking yourself into making obviously bad plays in order to “catch the fish at the table”, you’re usually giving up some of your edge instead of maximizing it. And you’re also growing fins. In a game such as online poker where there are no nonverbal tells, lack of discipline can be especially suicidal to your bankroll. I’ve lost a lot of big pots which I looked back upon and asked myself why I was in the pot to begin with. If you can’t answer that question preflop, then you’re looking to be in a world of trouble by the showdown.

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Online poker often takes a back seat whenever credit is given for the recent poker explosion. The lipstick camera, the World Poker Tour and Chris Moneymaker are the usual reasons mentioned. For those who play, though, there’s no denying the contribution made by poker sites. No longer did you need to travel (great distances in some cases) to play a game of poker. With the click of a mouse, you could be in just about any game for whatever stakes you desire. This greatly accelerated the learning curve of beginning poker players.

With the ability to play any time of day or night in the comfort of their own home, players could sit down to the virtual felt for a few hands or a few hours depending on how much time they had. With hands being dealt much quicker than in a brick or mortar card room, a player could gain as much experience in six months as would have previously taken years.

Of course, there are some naysayers who will complain that online play can never duplicate the feel and psychological component of playing face to face. While there are certain advantages to playing in a card room, there are a few advantages to online play as well. The ability to check hand histories, track your statistical play and not worry about giving off tells are just a few.

There is one area of online play, however, that is simply not available in most card rooms. It’s a game that is just not practical to offer in a brick and mortar casino and I find it more useful to my overall development than any other game I play. It’s playing heads-up No-Limit Texas Hold ‘em. While brick and mortar casinos cannot afford to offer head’s up matches (it’s not cost effective), they are available online around the clock.

Many proponents say that online poker is great to work on the fundamentals. Play solid straight forward poker and you’ll do fine. While that is good advice, if that is all you are looking for in your online play, you are doing yourself a disservice. There is a great deal of psychology in poker and you can work on that aspect of your game as well by playing online.

Heads-up is a battle of wits, guts, and determination. If poker is psychological warfare, heads-up matches are played with nuclear warheads. If you’re waiting for cards, you will get eaten alive. You will be forced to see a lot of flops and if you see a ton of flops, you will see how hard it is to hit a flop. That will force you to develop a good post-flop strategy. Post-flop play is probably the weakest area of most players, simply because they don’t get sufficient practice. In a full ring game, it’s too easy to fall into the trap of playing flops you hit and giving up on flops you don’t. I believe most players too easily give their opponents credit for hitting the flop when they don’t.

When you play heads-up, though, you will start to get a better feel for how hard it is to hit a favorable flop. Good hands are hard to come by, which means you have to develop and rely on other aspects of your game. You’ll get extensively more experience playing post-flop than you ever could in a full ring game. This experience alone makes heads-up play worthwhile.

Yet, the psychological development you will enjoy is perhaps the best reason to play heads-up. While position is important, knowing your opponent is critical. Heads-up play affords you the opportunity to study one opponent and learn him inside out. Even though you can’t see him, you’ll see every move he makes and every move he makes will be made directly against you. That’s right. Everything your opponent does will be done in the context of your own game. It’s the ultimate psychological battle. You are engaged the entire time. I’m a big believer in observing and staying involved when you are not in a hand.

However, there’s no substitute for facing and making decisions – especially against an opponent who is trying to outplay you.

While you must be aggressive in finding and attacking your opponent’s vulnerabilities, you have to constantly look inward as well to shore up any cracks in your own game.

Of course, poker is not all psychology. There is the science aspect of the game and I believe heads-up matches will help you in that area as well. By being engaged in every hand, you will consistently be calculating pot odds and making bets and raises accordingly. The comfort and anonymity of a computer will allow you to take your time in making the calculations.

Finally, let me make one more pitch for heads-up play. The advent of online play greatly accelerated the learning curve of poker players. Players could get in a game any time of day or night and play in the comfort of their own home even if they only had a short period of time. Additionally, the number of hands dealt per hour is so much greater online. Well, in heads-up play, you will play exponentially more hands and face far more decisions in an average hour than you would in a full ring game. That acceleration of your learning curve will pay dividends in every other game you enter.

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There is no doubt to the popularity of poker in television today. All sorts of poker programs emerge: from a simple coverage of tournaments, to celebrities playing poker, up to a reality show involving poker players. The popularity has also incited an interest in people to play poker.

Having more people becoming interested in poker is a good thing. However, it also leads to a lot of bad players. The reason for this is that some of the new players only rely on television as their main source of poker education.

If you are drawn to poker by television shows, you might want to consider reading up on strategies before even attempting to play. Here are the reasons why:

1. Television networks often edit the games. They only present the juicy and entertaining parts. For example, they often show how a bad hand could beat the hell out of a good hand. This most often happens when a player who is all-in achieves an almost miraculous improvement on the river.

The truth is, there is only a miniscule chance of that thing happening. The better poker plays are often those that look boring. And indeed, the game of poker may be a boring spectator sport.

2. People are then misled into thinking that luck is a big factor in poker. But it actually isn’t. Strategy is a key factor in poker. While sometimes people might get lucky improvements on the board cards, it only happens a few times in a hundred.

Poker does not have that slot-like excitement as shown on TV. Its excitement is more like that of chess, where a match-up of good strategies will definitely stir each player’s blood.

3. Television shows often assign more value to a particular play than it has. For example, bluffing is often misrepresented as a simple aggressive play. Thus, new poker players raise and play aggressively like there’s no tomorrow, thinking that they’ll bluff their way to the pot.

In reality, a good poker player will only bluff if they see that the conditions are ripe: few hands, a large probability that the active hands will not improve, and that they have good position.

That is why - when it comes down to poker education via TV - we can say that it does help to watch, especially since you can become more familiar with the game. If you are interested in playing poker, read up on poker strategy guides, and try to practice them online. Once you do, you will be on the way to becoming a good, if not great, poker player.

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Daniel Negreanu is a Poker in Canada. Daniel was born in Romania in 1967 but raised in Toronto, Canada when his family moved there shortly after he was born. It was in Toronto that Negreanu got his first taste of poker success playing in the local casinos and at traveling tournaments. At the age of 21 Daniel Negreanu moved to Vegas with the intention of being a pro. This trip was ill-fated as he returned to Toronto broke soon afterwards. Undaunted by this reversal Negreanu rebuilt his bankroll and is now one of the top ranked live tournament players in the world with lifetime earnings of over $9.3 Million.

His youthful looks and friendly demeanor have earned Negreanu the nickname ‘KidPoker’, a name which he uses to play online poker games. Behind the young face lies a tough competitor who specializes in playing small-pots and has a strong ability to read opponents.

Daniel Negranu holds 5 World Series of Poker Bracelets – his first was won in the Pot-Limit Holdem event in 1998 – this win also earned him the record for the youngest ever bracelet winner (at the age of 23), a record that stood until 2004. In addition to winning 4 more bracelets and numerous final tables he placed 11th in the $10,000 buy-in main event in 2001.

It was in 1997 that Negreanu got his first taste of tournament success – taking down 2 events at the World Poker Finals at Foxwoods Casino and earning over $133,000 in the process. This acted as a springboard for his success not only in the WSOP but in World Poker Tour events too where he has an outstanding record of achievements.

Tournament success soon lead to sponsorships within the Poker Player industry. Negreanu was made ‘Poker Ambassador’ for the Wynn Casino in Las Vegas, where he regularly hosted games at the highest stakes. This relationship lasted several years until, in 2005, Negreanu pulled out of the deal to allow himself the opportunity to play high stakes poker games in other venues.

Today Negreanu can be found in the highest stakes game of all – the ‘Big Game’ held in Bobby’s Room in the Bellagio. Here the best known names on poker are regularly found playing mixed games (to avoid ‘specialists’) at unbelievably high stakes.

Negreanu is also a feature of the ‘High Stakes Poker’ television series, famously losing the biggest ever televised pot to fellow professional Gus Hanson.

Blogger and writer of a column for Card Player Magazine Negreanu recently joined Chris Moneymaker and Greg Raymer on the team of Poker Stars.com. He has also released a book and video games in recent years.

A detailed explanation of Cake Poker Room methods for calculating Rakeback and MGR.

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Percentage of MGR Returned:

This is one of the most important variables to consider when comparing a rakeback deal. The Cake Poker 33% Rakeback Deal is one of the most generous offers in the industry. In fact, they offer the highest rakeback rate in the industry for their size room and up. This means a greater percentage of your MGR will be returned to you in the form of rakeback.

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This is a very important for anyone who plays ring games, and Cake Poker has great ring games. There are three different methods. For more information on the different Rakeback Deals calculating methods, check out our rakeback strategy section. Cake Poker is one of the few poker rooms that uses the dealt method. This is the best type of rakeback for winning players who play a tight aggressive style. Tighter than average players will be credited with more MGR and earn more rakeback at a poker room that uses this method. Future articles will discuss how to estimate how much of an impact this will have on you.

Rakeback Stat Updates:

Rakeback Stats are updated daily for all Cake Poker players. This is very nice for tracking how much you are playing and if you are reaching your goals. .

Method of Deducting Bonuses from MGR

Each poker room deducts different items from MGR. At Cake Poker they deduct Bonuses from MGR. This means if you earn $500 in bonuses, your first $500 of rake contributed you get 100% of it back and after the first $500, you earn 33%. If you were at a poker room that offered 33% Rakeback and a 100% bonus with no deduction, you would earn 133% rakeback for the bonus period. However, very few poker rooms offer MGR without bonuses deducted.

Method of Calculating Bonuses Earned

Remember to consider that Cake Poker’s generous 100% first deposit bonus of up to $500, is also credited using the dealt method. Which means you will earn your bonus atCake Poker faster than other poker rooms that uses the contributed method.

Sit-n-Gos (SNGs) and Tournament Fees Included in MGR

Some rooms don’t add SNG and tourney fees into your MGR. This can be a substantial loss for some players. Cake Poker includes these fees into MGR calculations, which is a good thing, because the majority of their SNGs and MTTs are incredibly soft. For every $1 in fees that you pay, you will be getting back $0.33, this has a great impact on your ROI.

Are you having a hard time choosing between the thousands of websites that offer online poker? If you are excited to jump into the world of online poker but don’t know where to start, there are only two words you need to remember: Cake Poker.

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In addition to their wide variety of poker choices, this poker offers a lot of prize money for you to win. Every month, they pay out over fifteen million dollars in tournament awards. When it comes to online poker, you can’t ask for a better deal than that!

Because Cake Poker values every one of its members, regardless of their experience level, they offer a lot of great promotions and rewards to anyone that plays poker on their website. Although they keep things interesting by changing them every month, Cake’s promotions range from 25% reload bonuses to a million dollar free roll series to giving away a seat in the World Series of Poker’s Main Event. When it comes to rewards, Cake has a $100 referral program, new depositor bonuses and a loyalty program that allows you to earn Player Points & Gold Chips, which can be redeemed for different prizes or access to exclusive tournaments.

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The Poker Hall of Fame has announced its 2008 Class, and what a class it is.

Henry Orenstein, a three-time World Series of Poker bracelet winner, a two-time Main Event runner-up, and the holder of the longest consecutive Main Event participation record (35 years) will become poker’s newest Hall of Fame member.

Tomko will enter alongside Henry Orenstein, a Holocaust survivor who won the 1996 World Series of Poker Seven-Card Stud Championship and also cashed twice in the Main Event, including a final table finish at the 1995 World Series of Poker Main Event.

Orenstein perhaps is better known for his real occupation – an inventor – holding more than 100 patents, including those for Sesame Street toys, Snoopy toys, the Transformers and U.S. Patent 5,451,054, which gave Orenstein the exclusive right to detect and display hole cards in poker games.

It was this patent, known today as the “Hole Card Cam” or “Hole Cam” which made poker a made-for-TV attraction, creating an estimated 150,000 jobs worldwide, spurring the meteoric rise of poker and helping popularize the game to heights never before seen in its long history.

Orenstein and Tomko will be enshrined on Sunday, November 9 at the Penn & Teller Theater at the Rio All-Suites Hotel & Casino in Las Vegas during the finale of the 2008 World Series of Poker Main Event championship. ESPN will show portions of the ceremony during their November 11 telecast.

The enshrinement and WSOP final table play are open and free to the public. Seating is available on a first come, first serve basis.

The Poker Hall of Fame, established in 1979, was acquired by Harrah’s Entertainment along with the World Series of Poker in 2004. Though the Hall of Fame is virtual in nature, its membership includes poker’s most influential players and other important contributors to the game. With Orenstein and Tomko, there are 16 living members.

The main criteria for the Poker Hall of Fame is as follows:

* A player must have played poker against acknowledged top competition
* Played for high stakes
* Played consistently well, gaining the respect of peers
* Stood the test of time
* Or, for non-players, contributed to the overall growth and success of the game of poker, with indelible positive and lasting results.

The entire list of 37 Poker Hall of Fame members includes (alphabetical with year of induction in parenthesis):

* Tom Abdo (1982)
* Crandell Addington (2005)
* Bobby Baldwin (2003)
* Billy Baxter (2006)
* Lyle Berman (2002)
* Joe Bernstein (1983)
* Benny Binion (1990)
* Jack Binion (2005)
* Bill Boyd (1981)
* Doyle Brunson (1988)
* Johnny Chan (2002)
* T.J. Cloutier (2006)
* Nick “The Greek” Dandolos (1979)
* Barbara Enright (2007)
* Fred “Sarge” Ferris (1989)
* T “Blondie” Forbes (1980)
* Henry Green (1986)
* Murph Harrold (1984)
* Phil “Poker Brat” Hellmuth (2007)
* James Butler “Wild Bill” Hickok (1979)
* Red Hodges (1985)
* Edmond Hoyle (1979)
* Berry Johnston (2004)
* Jack Keller (1993)
* Felton “Corky” McCorquodale (1979)
* Roger Moore (1997)
* Johnny Moss (1979)
* Henry Orenstein (2008)
* Walter Clyde “Puggy” Pearson (1987)
* Julius Oral “Little Man” Popwell (1996)
* Thomas Austin “Amarillo Slim” Preston (1992)
* David “Chip” Reese (1991)
* Jack “Treetop” Straus (1988)
* Duane “Dewey” Tomko (2008)