Start practicing:


Tags: , , , , , , , , |
Posted By: jackhammer | Nov 21st

From Daniel Negreanu at Chron.com:

The best players in the world rely on small ball poker when playing in No Limit Hold’em tournaments. And though it is the optimal strategy, it’s not meant for players of all skill levels. You must have superior hand-reading and people-reading skills for it to be effective.

You’ll play a lot of hands in small ball poker which means you’ll often face difficult situations with marginal cards. That’s why this approach is simply too advanced for beginning players.

In my book, Power Hold’em Strategy, I teach two distinctly different strategies. One is targeted at the experienced player who is looking to get to the next skill level. The other is an entry level approach that seemingly contradicts some of the basic tenets of small ball poker.

Here’s the first tip for beginners: Avoid playing small pots against experienced players because you’ll almost certainly be outplayed after the flop. Instead, make much larger bets before and after the flop. Also, play fewer hands, especially when out of position.

On the other hand, experienced small ball players should come in for a slightly smaller raise when they are first to enter the pot. A raise of 2 ½ times the big blind is about right.

Say you’re dealt 7c-8c with the blinds at 50-100. A skilled small-baller would raise the bet to 250. Not so for a novice player; he should avoid playing the han

d altogether. You see, experienced players can get away with playing more hands pre-flop because they are less likely to make mistakes after the flop.

A novice, though, needs to play much tighter before the flop. And when they do get a playable hand, they need to make larger raises — as much as five times the big blind.

Large raises serve multiple purposes for the beginning player. They apply pressure on skilled opponents who like to play a wide range of funky hands. They also improve the beginner’s chances of taking down the blinds and antes without a fight. Finally, they can help novices avoid difficult decisions after the flop by inducing skilled opponents to lay down their hands.

Remember, this isn’t the optimal tournament strategy for skilled players; it risks too many chips in relation to the expected small payoff. It works for novice players, however, because their primary goal should simply be to stay out of trouble and survive.

Here’s the second tip for beginners: Use the same big betting approach through to the flop as well. For example, with 1,200 in the pot, make a large bet to apply maximum pressure on your opponents. A pot-size bet ought to do the trick.

A bet of that size, though, is clearly too steep for an accomplished small ball player. It’s too exploitable and forces skilled players to assume much more risk than is necessary. Instead, small-ballers should bet around 700 chips for which they would gain virtually the same information as the beginner’s 1,200 bet – but at much lower cost.

Big raises by inexperienced players cause advanced players to operate outside of their comfort zones. That’s because skilled pros hate playing big pots unless they have the nuts, or something close to it.

Big bet poker is effective against small ball players because it forces the skilled player to wait patiently for trapping situations. Yes, this approach does make the beginner more susceptible to a trap. But the pro must still catch strong cards in order to even consider calling a big raise, and that’s not easy to do.

Visit www.cardsharkmedia.com/books.htm for information about Daniel Negreanu’s popular book, Power Hold’em Strategy. 


Tags: , , , , , , , , , , , , |
Posted By: jackhammer | Nov 18th

This is brutal… From the TaxProf blog:

The big winner at this year’s World Series of Poker:  the tax man.  Russ Fox computes the tax liability of the final nine players on their $32.7 million of winnings as $14.3 million — a 43.7% tax rate:

1. Peter Eastgate (Denmark) won $9,152,416 — $6,660,545 Denmark tax (72.8% rate)
2. Ivan Demidov (Russia) won $5,809,595 — $755,247 Russian tax (13.0% rate)
3. Dennis Phillips (IL) won $4,517,773 — $1,568,950 federal tax, $135,533 state tax (37.7% rate)
4. Ylon Schwartz (NY) won $3,774,974 — $1,396,304 federal tax, $387,966 state tax (47.3% rate)
5. Scott Montgomery (Canada) won $3,096,768 — $929,030 withholding tax (30.0% rate)
6. Darus Suharto (Toronto) won $2,418,562 — $725,569 withholding tax (30.0% rate)
7. David Rheem (CA) won $1,772,650 — $651,262 federal tax, $170,302 state tax (46.3% rate)
8. Kelly Kim (CA) won $1,288,217 — $470,995 federal tax, $121,074 state tax (46.0% rate)
9. Craig Marquis (TX) won $900,670 — $328,911 federal tax (36.5% rate)


Tags: , , , , , , , , , , , , , |
Posted By: jackhammer | Nov 13th

thats a lot of cash… from mlive.com:

There’s now a World Series of Poker record out there that even Phil Hellmuth can’t break, although it used to be his anyway.

With his heads-up victory over Russian Ivan Demidov early Tuesday, Denmark’s Peter Eastgate became the youngest main event champion in history at 22 years old.

The 11-time WSOP bracelet winner Hellmuth won the main event in 1989 when he was 24. In addition to his first WSOP bracelet, Eastgate pocketed $9.1 million.

For his runner-up finish — one spot better than he ended up at the WSOP Europe main event — Demidov earned $5.8 million. Here’s how the rest of the final table broke down:

3. Dennis Phillips — $4,517,773
4. Ylon Schwartz — $ 3,774,974
5. Scott Montgomery — $ 3,096,768
6. Darus Suharto — $ 2,418,562
7. David “Chino” Rheem — $ 1,772,650
8. Kelly Kim — $1,288,217
9. Craig Marquis — $ 900,670


Tags: , , , , , , , , , , |
Posted By: jackhammer | Nov 11th

Here’s a nice quick preview of the upcoming 2008 World Series of Poker from GamingAlerts.co.uk:

The WSOP represents the largest and most prestigious land based poker tournament in the world. The final 9 players will be desperate to get their hands on the huge jackpot prize of $9.1 million.

The event will be history in the making and making one player extremely rich. This year’s main event tournament took place in September, in Las Vegas. Thousands turned up with their chips and after several days of dealing cards the field has been whittled down to the November 9.

Due to TV scheduling and promotional factors the main event was decided to be played in November. This has allowed TV coverage to create hype and build up excitement surrounding the event. Players have also had three months to get as much practice in as possible, and now the wait is almost over!

None of the finalists have won a WSOP title to date and chip leader, Dennis Phillips holds an impressive lead over his rivals with around 38 million chips. Phillips has only won just over $4,000 in winnings since he began playing professional poker, and the man from Texas leads the pack going into the main event final.

Many consider Peter Eastgate as favourite to earn the precious WSOP bracelet. The 22 year old Dan has been extremely impressive in recent years and is tipped to be the youngest ever main event winner.

David “Chino” Rheem is arguably the most famous players out of the November 9 therefore making him one of the favourites the exit early. Rheem is likely to have been studied in depth by fellow players and is the most feared.

What ever takes place in 5 days time, it will make history and be watched by million around the globe. Make sure you visit us again for more online poker news


Tags: , , , , , , , , , , |
Posted By: jackhammer | Nov 7th

Here’s some basic strategy for becoming a better online poker player, from PokerQuiz.org:


Tags: , , , , , , , , |
Posted By: jackhammer | Nov 6th

This is NOT RECOMMENDED unless playing with close friends… Proceed with caution:

How To Fix A Poker Game


Tags: , , , , , , , |
Posted By: jackhammer | Nov 4th

Ylon Schwartz is one of the November Nine, the most hyped final table in poker history. He’s about to play on poker’s biggest stage for the championship of the world and more money than even he could burn off in a few years. The eyes of the world will be upon him and the other eight remaining players in the main event, looking on as poker’s next world champion is determined. However, one senses that he’s not interested in the accompaniment of fame.

 Continue Reading.


Tags: , , , , , , |
Posted By: veronica | Nov 4th

Here’s some good information on a play called “Floating”, from PokerChannelEurope.com:

Floating is another one of those poker terms that didn’t even really have a name a few years ago but is now a regular part of the modern players toolbox. Floating is, sometimes, actually just a bad players clever name for making a ridiculously fishy call but when done properly it is a bluff that is more profitable than just blindly raising and demonstrates multi-street thinking that exploits those who can’t imagine anything beyond the flop.

Floating is calling a continuation bet (usually) on the flop when your hand isn’t strong, with the specific intent to bluff at the pot on a later street. So you hold king-jack on a 2-2-9 flop and, even though you haven’t improved, you call a bet from a pre-flop raiser anyway. Now, if the turn comes a blank and your opponent checks or makes a smaller bet, you read it as if they have given up on the pot and fire a bet out to take the pot down.

The reason why floating is profitable is because there are so many aggressive players who will continuation bet on the flop 100% of the time regardless of what the board texture is. When you consider that most hands don’t improve 2/3s of the time then floating is the perfect way to extract more money from a pot where you are both stealing. It is a very difficult prospect to fire a second bet on the turn when you hold nothing, especially as the call makes it look like you have a hand, and a great deal of players will give up and check the turn, giving you a free pass to steal the pot.

The most important thing about floating is that you should only really do it in position because that is where you get the information, that your opponent has given up, from. Floating out of position can get very expensive. It doesn’t hurt to float with a hand that could actually suck out on your opponent, like ace high or a gutshot, which has the potential benefit of tilting your opponent if you do hit.

You need to know already that your opponent is capable of laying their hand down and also likely to give up on the turn. Floating does not work well against hyper aggressive opponents and makes the most money from tight-aggressive players. Be fully prepared to give up on the turn if your opponent bets as it gets very expensive trying to outplay them from that point on and make sure you don’t float too often! because you’ll just become a calling station and your opponents will start value betting you very thinly or check-raising you with nothing.


Tags: , , , , , , , , , , |
Posted By: jackhammer | Oct 27th

 

Gambling has existed for literally thousands of years and will probably exist forever. Human nature drives people to gamble; to take risks and to hope to win big.

Gambling took on many forms throughout history, whether it was wagering bets on who would win a war or a battle or chase down a wild boar the fastest. Then came dice games and other forms of relatively primitive games which allowed mankind its much needed outlet for risk taking and later on came cards game, roulette, sports bets and all the other gambling options we have today. All of these games had something in common though: they were all games played in one specific place, by a group of people who could see, hear and sometimes, unfortunately, smell each other.

Casinos were and are often a classy place to gamble in. They offer a glamorous and unique atmosphere in which to play with fellow gamblers.

All this changed with the help of technology and a little thing called the Internet. The Internet has changed our lives in many ways and in practically every aspect of life. Gambling, of course, is no exception. Online gambling caught on like fire and is today one of the most prosperous online industries in the world with billions of dollars in revenue each year, and the numbers just keep growing.

Continue reading.


Tags: , , , , , , |
Posted By: veronica | Oct 24th

Subscribe:

Search Site:

Search Tech Sites:

Search Video:

WatchMojo.com
All the Web

Categories:

Archives:

Blogroll: