Poker Pro: Specialize at your peril

 “Playing the other games will develop skills that will simply make you a better poker player.”

Howard Lederer plays exclusively online at FulltiltPoker.com

The recent poker explosion on TV and the Internet has created a flood of new players who are serious about developing their game. Sadly for them, television is sending a skewed message. No-Limit Hold ’em is the game of choice when the game is shown on TV, and it’s easy to think there is only one game out there. While no one would argue that No-Limit makes for the most exciting television, there are many dangers associated with playing only one game.

First, you run the risk of getting bored, and boredom will lead to a stunting of your poker development. Enthusiasm is a critical ingredient for a successful poker career. When I spend time around the best poker players in the world, the one thing that they all share is a genuine love and passion for the game.

Next, you might be missing your true poker calling. As it happens, my best game isn’t No-Limit Hold ’em – it’s Limit Hold ’em. Had I not tried playing limit, I would never have found the game I am best at.

There are reasons why all the biggest casinos in the world feature multiple games!

Stop by the big game at the Bellagio in Las Vegas and you’re liable to see No-Limit and Limit, with games ranging from Seven-Card Stud to Deuce-to-Seven Draw. The best players in the world simply love to play poker. To deny themselves the pleasure of playing some of the best forms of the game would be unthinkable. They also know that if they play just one game, the specialists in a particular game (who are not nearly as good overall poker players) would be able to sit at their game and win. If you want to climb to the top of the poker world, you better become a great poker generalist. If you insist on limiting yourself to one game, you’ll never make it.

Even if your ultimate goal is to become an accomplished No-Limit Hold ’em player, I encourage you to at least play a lot of Limit Hold ’em. Too many No-Limit specialists get by with almost no post-flop skills. To get good at limit Hold ’em, you will be forced get more comfortable playing after the flop. Getting free cards on fourth street and making close value bets on fifth street are just two of the skills you’ll be working on. And those skills are transferable. Developing these skills in limit Hold ’em will allow you to play your hands with all your options available. And your No-Limit results will improve dramatically.

Playing the other games will develop skills that will simply make you a better poker player. Skills that have subtle value in No-Limit Hold ’em are very important in the other games. Acquiring these skills will have profound effects on your No-Limit game, even though you might not even be aware of their importance now.

Playing Seven-Card Stud will definitely teach you the value of free cards. It is a fundamental skill necessary to succeed at the game. In Pot-Limit Omaha you will learn the power of position and the power of the semi-bluff. Seven-Card Stud 8/Better is a game where you need to learn how to narrow the field at the right time. The number of players in a pot can make a hand go from a fold to a raise. Razz? Well, if nothing else, it will teach you how important patience can be when things aren’t going well.

The world of poker has a lot more to offer than No-Limit Hold ’em. And if you start to explore that world, I am confident you will enjoy the game more. Getting good at each game will take time, so start out small and read what you can. Have fun; a new world awaits.

Howard Lederer

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Erick Lindgren: Ask And Ye Shall Receive Part II

“Wouldn’t Casey have been more than happy to raise with his A-A, knowing the older guy would reraise him?”

Erick Lindgren a member of Team Full Tilt

Last blog posting I offered an example of a hand where asking the right question – “Why’d you bet so much?” – netted me a sizeable pot.

This posting I’ll show how a very different question at the same tournament proved equally effective.

Case Two:

Today, I start my table as the chip leader with more than double the average stack. This is a tougher table, with Annie Duke, Bill Gazes, Casey Kastle, and Lee Salem.

An older gentleman at the table is raising and reraising a lot of pots, and generally, playing wildly. Like the Cowboy from a day earlier, he is definitely today’s mark. He’s got Casey, who’s stuck on his right, especially frustrated. The three times Casey brings it in for a raise, the old man reraises, and Casey throws his hand away. This hand, Casey limps in for $1,200. Annie, Lee, and another player all call.

I’m pretty sure I have the best hand with A-T, and raise it $5K. I expect to win the pot right there, and am rather unhappy when Casey quickly says “All in” for a total bet of $25K. It’s folded back to me, and I am now faced with a decision for half my chips.

Here, Casey is representing that he limped in with A-A hoping for a raise behind him so he could reraise all-in. This is a typical slow play in our game. But his play here doesn’t make sense. Wouldn’t Casey have been more than happy to raise with his A-A, knowing the older gentleman would reraise him? I look at Casey hoping to get a read, but he is frozen like a kid playing statue.

I need more information, so I try to get Casey to acknowledge that I’m still in the hand, or at the very least, that he’s still alive. I ask if he limped with aces and I still get no reaction. I then say, “Can you beat queen high?” He finally looks up, smirks, and says, “Yeah, I can beat queen high.”

Now, some people in poker like to lie about their hands. Here, it felt like Casey was happy to be able to tell the truth in response to what is, admittedly, a pretty silly question. After all, if I can’t beat queen high, why am I even thinking of calling?

Now I feel certain that Casey is holding K-T, K-J, or K-Q suited. I have him. “I’m not buying it,” I say as I push in my chips. “Good call,” he says and turns over K-T of diamonds. I proudly showed my A-T and it holds up, winning me the $50K pot.

Sometimes a simple question can return a very profitable answer. Remember though, information flows two ways at the tables, so be sure that you’re getting more information than you’re giving.

Erick Lindgren

>Read Part I of this professional poker tip from Erick Lindgren

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Erick Lindgren: Ask And Ye Shall Receive Part 1

Erick Lindgren - poker pro

“I want him to view me as a young hot-shot, with the hopes that he’ll bully me later when I have the goods.”

All Talk and No Action,  A Two-Part Lesson from Erick Lindgren

You can learn a lot by listening. You can learn almost as much by talking, if you ask the right questions.

The following occurred at a tournament at Bellagio in 2004.

I draw a very good first table and recognize only two faces. They are solid pros, neither of whom is very aggressive. I know I can take control of the table and quickly look around to find the best targets. I notice an older gentleman in a cowboy hat who’s involved in too many pots and decide he’s my mark. My plan is to bluff him at first opportunity and do anything I can to get under his skin. I want him to view me as a young hot-shot, with the hopes that he’ll bully me later when I have the goods.

I chop away at some small pots and my $20K starting stack is now $43K when Cowboy and I finally get to lock horns. I’ve been raising a lot of hands and splashing my chips around a bit. In this case, the blinds are $200-$400, and I bring it in for $1,200 with pocket jacks. I get three callers, including Cowboy, in the big blind. The flop comes 7h 4c 4h and the small blind checks. It’s Cowboy’s turn, and he pushes all in. He looks proud, firing his $37K into a $5K pot.

I’m completely befuddled. What’s going on? I can’t make any sense of it. There’s a player to act behind me, but he’s only got $3K – he isn’t going to matter at all in this hand. My best bet here is to get Cowboy to talk. “Why’d you bet so much?” I ask. He tells me to call and find out.

I make a list of his possible hands: A-x hearts for the nut flush draw. Pocket eights, maybe. Or a random berzerko bet with a pair of sevens. After a minute or two of deliberation, I call. He flips up T-7c for one pair! He fails to improve and I now have $80K, and am ready to roll.

It’s important to know who your weaker players are. Concentrate on playing against them and finding ways to get them to make a big mistake. You can’t count on the pros to make those mistakes. In this particular case, I knew he was getting tired, and through a few verbal jabs, I was able to make myself his target.

Next blog, a similar question with a very different answer yields an equally large profit.

Erick Lindgren

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Poker Pro: Not Playing By The Book

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“Poker is not a game that is best played by the numbers. Poker is a game of situations.”

Once I am involved in a hand, many of the actions I take after the flop are automatic, or nearly automatic. Therefore, the most important decision I have to make in No Limit Hold ’em takes place before the flop:

Should I play the two cards I’ve been dealt?

When I first started learning how to play, I reviewed the standard charts that suggest which two cards to play from each position. But while they provided useful guidelines, the charts don’t tell the whole story.

Poker is not a game that is best played by the numbers. Poker is a game of situations.

In blackjack, there is always a correct decision to be made – a “perfect strategy.” Once you have compared the strength of your hand against the dealer’s “up” card, the odds will — or at least should — dictate whether you should hit, stand, split, etc.

Poker, however, is a game of incomplete information. There are many factors to consider that go above and beyond what “the book” tells you to do. Some of them include:

– My opponents’ tendencies
– My state of mind
– My opponent’s state of mind
– Our respective stack sizes
– My image at the table

Computer programs can look up hands in a chart. Real poker players analyze situations and make their own decisions after processing all of the available information. I might raise with A-J from early position in one game, and fold the same hand from the same position in another.

A good chart can help give a very specific set of circumstances, namely:

– You are the first person to voluntarily put money into the pot and are going to come in for a raise of about three times the big blind
– You don’t know much about your opponents
– All the players at the table have an average-size stack
– The blinds are relatively small in relation to the size of the stacks

When the above things aren’t true, you’ll want to look beyond the charts.

If you’re a new player, these tables are a great place to start. The more poker you play, however, the more comfortable you will feel letting your experience and your instincts serve as your guide.

Phil Gordon

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Poker pro: sizing up your opening bet

Chris ferguson - professional poker player

“Poker is like real estate. The three most important factors in deciding how much to raise are: Location, location, location.”

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 to 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.

Chris Ferguson

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Playing Two or More Tables at Once

Erick Lindgren - poker professional

 

 

 

 

 

 

“…the best way to keep up with the action is to look for hands you can fold automatically.”

Most players eventually realize that it’s fun and fairly easy to play at multiple online tables at one time. Early in my career, I played as many as eight games at once on a daily basis. Here are some tips and instructions for playing multiple games:

1. Increase the resolution on your monitor. You can do this by right clicking on the desktop, then clicking on Properties, then clicking on Settings. You can then grab the arrow in the Screen Resolution area and move it to a smaller resolution.

If possible, use the 1,600 x 1,200 setting to get up to four games on one screen without overlap. In order to maximize your screen area, make sure your video card and monitor support higher resolution settings.

2. Once you get into playing more than one game, the best way for you to keep up with the action is to look for hands you can fold automatically. Use advance actions. That will help you pay more attention to the game you have a real hand in.

3. Play the same game at every table. It will help you avoid mistakes in reading and playing your hand, and you’ll find it easier to get into a good rhythm.

4. Most importantly: Track who has raised the pot. Make sure you make a mental note of this since it is the key to how you will play your hand later. It sounds simple, but it is easy to get in a pot and not recall who raised when you’re playing more than one game.

5. Make sure you take some breaks. When I used to play eight games, I was an animal. I would run to the bathroom and every screen would be beeping at me. Take a few breaks. The games will still be there when you get back.

Playing multiple games is a lot of fun and I hope to see you at the table. Or tables.

Erick Lindgren

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So You Wanna Go Pro

Rafe Furst - poker professional

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

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.

Rafe Furst

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Playing Low

Karina Jett is a professional poker player living in Las Vegas, Nevada

“There’s no shame playing for lower stakes than you think you can afford.”

The next time you come to Vegas or login to an online poker room and sit into a low or mid-stakes game, you might find me or my husband Chip at the table. When I play live, I do so for some pretty low stakes. I’ve got no problem playing $2-$5 No-Limit Hold ’em. Chip prefers mixed games, but you won’t find him in the $50/$100 game. Middle stakes are more his speed.

Some people I play with in the $2-$5 games ask me why I bother with the low stakes. I’m a professional poker player and have been for some time, so why not play higher? The answer I give is simple. I’m looking to maximize my profits and play in a game where I have a huge skill advantage and am certain to be a big favorite.

That’s not to say that I haven’t played higher. When we first met, Chip and I were traveling the tournament circuit, living out of hotels and playing the biggest games our bankrolls would allow. I played mostly Limit Hold ’em, and would sit in games where I could easily win or lose a few thousand a night.

Then a couple of years ago, Chip and I started a family. As you’d expect, things changed. We settled in Vegas and kept our travel to a minimum. The change in circumstances also effected our game selection. We needed to play in games where the income was pretty steady and the swings weren’t so dramatic.

For a family-oriented poker player like myself, $2-$5 No-Limit is just fine. I can make the money I need without putting a whole lot at risk. These games may not have the same drama as the larger stakes games where the amount won and lost in individual pots could pay for a nice luxury car, but they provide plenty of entertainment and excitement just the same. What’s more, by playing at lower levels than your bankroll allows, you can easily absorb the occasional bad beat or bad night.

Playing low-limit poker doesn’t mean you’re sitting in action-free games either. In fact, these games can provide even more action than you’ll find at the higher limits because they attract many more casual players who are just out for an evening of fun and are looking to “gamble” a little more at the table. For these people, losing a buy-in or two is the price of a night out.

There’s no shame playing for lower stakes than you think you can afford. If playing high causes you stress or is taking money away from other priorities in your life, then try dropping down the ladder and playing at levels where your skill advantage will help you build a more comfortable bankroll for the future.

Karina Jett

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Holding On To Your (Poker) Winnings

Aaron Bartley - one of the world's best online poker pros

 “One slip-up can spell disaster for a bankroll, and watching six months of hard work disappear in six hours of foolish play is enough to crush anyone’s spirits.”

One of the most important poker lessons has nothing to do with how to play Aces in late position or how to adjust for the maniac in seat three. It’s how to manage your money in a way that will make it grow as quickly as possible with minimal risk.

Some of the most highly skilled players in the game have gone broke (repeatedly) simply because they played too high, too fast, too often. How can we make sure this problem never happens to us? It isn’t a matter of smarts, but rather, one of discipline.

The most important step is to be honest with yourself. You should know your relative skill level at all times. Suppose you’re a $1/$2 No-Limit Hold ’em player who’s had a great night, and you’re toying with taking a shot at the $5/$10 game. Your bankroll is up to $1,500, but you would need to bring at least $500 to the table in order to play comfortably at the higher level.

Why would you risk putting a third of your bankroll on the table to play in the $5/$10 game? For starters, your bankroll isn’t big enough for the stake; more importantly, you also need to consider that the skill level of the $5/$10 players is greater than the competition you’re used to.

(That’s not always true, of course. There are some very skilled $1/$2 players and some weak $5/$10 players, but it’s not unreasonable to assume that the higher-level games are filled with better players.)

This is where self-control comes in. One slip-up can spell disaster for a bankroll, and watching six months of hard work disappear in six hours of foolish play is enough to crush anyone’s spirits.

The safest course of action is to continue doing what you’re doing. You’re beating the $1/$2 game for a tidy profit every week – stay right where you are. Continue proving that you can beat the game. While you’re doing that, your bankroll should grow accordingly. Beating a game for six days is proof of very little. Beating the same game for six months is better evidence that you are a winning player.

Start tracking your results. You can buy tracking software or easily create a database of your own. Put in all of your information after each time you play – limits, time at the tables, profits/losses. Go over your information every few weeks, both for your recent play and for your entire poker lifetime. Try to spot bad trends before they get out of hand. If you’ve been playing well at a certain level over a long period of time, only then should you consider moving up to the next highest level.

Above all, know where your money is at all times and how it is being used. Ask yourself, “Is this too much risk for me considering my current bankroll?” If the answer is yes, do the responsible thing and change tables. Months later, you’ll be thankful you did.

Aaron “GambleAB” Bartley

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No-limit by the Numbers

Andy Bloch is a member of Team Full Tilt

“In poker, it’s the long run that matters, so he should only call if his probability of winning is greater than 40%.”

I get asked a lot of poker strategy questions, from beginner to advanced. Some are easy, but some involve the kind of math I can’t always do off the top of my head. When that happens, I rely on one of a number of free tools to calculate the probability of winning the hand.

Here’s an example :

Our hero was playing at a small stakes No-Limit table online, with $.25-$.50 blinds. At the start of the hand, he had $44. He was dealt Ad-Td and raised to $2. Both blinds called. The flop was Kd-Jd-2c, giving our hero a royal flush draw. The big blind bet $2, hero raised $2 more, the next player called, and the big blind (with more chips than our hero) re-raised all-in.

Should our hero call with his last $38? Let’s assume the third player will fold. If our hero were to call and win, he’d be up to $94 (the $18 in the pot, plus his $38 and his opponent’s $38). If he wins the hand four times out of 10, on the average he’d have $37.60 after the hand ($94 multiplied by four, and divided by 10). In poker, it’s the long run that matters, so he should only call if his probability of winning is greater than 40%. Now he needs to figure out the probability he’d win the hand.

The first step is to put his opponent on a range of hands. Sometimes, you can figure out exactly what your opponent must have by the betting or tells. Most of the time, you’re left to guess a little. In this situation, the other player probably has a very strong hand, but there’s a chance he’s bluffing or even semi-bluffing.

The strongest hand our hero could be facing is three kings. He has 11 outs to win the pot – every diamond but the 2d, and three queens. But even if our hero makes his flush or straight, his opponent could still win by making a full house or quads on the last card. I could calculate the probability by hand, but I don’t need to.

Instead, I head to the Internet and one of the many free poker odds calculators, enter “Kd Jd 2c” in the box labeled “Board” and “Ad Td” and “Ks Kc” under “Hands”, and click submit. The result says that Ad-Td wins under 34% of the time – less than the 40+% that would make a call the right play. If our hero knows that his opponent had three kings, he should fold. The probabilities for the other possible three-of-a-kinds are the same.

But what if he’s up against two pair – kings and jacks? Using the poker calculator again, his probability of winning would be 44%. That’s enough to make calling correct. Our hero might also be against other two pairs, which he’d beat a little less often (42%), or A-K (46%). He might even already be ahead if he’s against an aggressive player who would semi-bluff with something like Q-T (81%) or Qd-9d (82%).

Having calculated the probabilities of winning, our hero is now left with the subjective part of the answer, guessing the probabilities of what the other player has. I would guess that it’s more than twice as likely that the player has two pair, or A-K, or even some weaker hand than that he has three of a kind. And I would guess that maybe 5% to 10% of the time, Ad-Td is actually ahead. I told our hero that, based on the numbers,

I would have called.

Our hero did call, and the other player had K-J, giving our hero a 44% chance of winning the hand. The turn card was the 2d, but the river was a jack and our hero’s flush lost to a full house. The river card was a tough break, but playing by the numbers, he still made the right play.

It’s good to know the numbers, but it’s equally important to know how to get them. And if you use the available tools whenever you aren’t sure, you’ll start to remember them when they come up at the table. In poker, every tool in your toolbox brings you one step closer to mastery of the game.

Andy Bloch

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