poker - · pdf filelimit texas hold’em, pot limit omaha, razz, seven card stud, or any...
TRANSCRIPT
POKER FUNDAMENTALS
ESSENTIAL TOPICS FOR ALL PLAYERS
By
ALTON HARDIN
Copyright © 2015 Alton Hardin
Get free poker video training to become a better poker
player at:
MicroGrinder.com
COPYRIGHT © 2015 No part of this eBook may be reproduced or transmitted in
any form or by any means, electronic or mechanical,
including photocopying, recording or by any information
storage and retrieval system, without written permission
from the author.
DISCLAIMER The information contained within this eBook is strictly for
educational purposes. If you wish to apply ideas contained in
this eBook, you are taking full responsibility for your actions.
The author has made every effort to ensure the information
within this book was correct at time of publication. The
author does not assume and hereby disclaims any liability to
any party for any loss, damage, or disruption caused by
errors or omissions, whether such errors or omissions result
from accident, negligence, or any other cause.
YOUR BONUS
BONUS DISCOUNTED POKER COURSES As a special thank you to my Kindle eBook customers, I
would like to take this opportunity to offer you all of my best-
selling Udemy.com poker courses for 90% OFF the regular
$49 course price. So you will only pay $5. I currently have
over 5,600 satisfied students and 70+ five-star reviews.
Click on the link below for this special Amazon.com Kindle
offer:
Crush Online Micro Stakes Poker Course
Essential Poker Math for NLHE Course
Developing Poker Reads Course
FREE Poker Fundamentals Course
ABOUT THE AUTHOR ALTON HARDIN is an educator,
poker coach, self-published &
best-selling author, and full-
time IT and Business
professional. He is the author of
the Amazon #1 best selling
poker book Essential Poker
Math.
Alton is also the founder of MicroGrinder.com, a free online
website dedicated to micro stakes poker players, where he
provides a wide array of free poker resources and poker
training, including poker courses, poker strategy articles, and
poker training video series.
Outside of poker, Alton is a full-time business and IT
professional, where he works in the field of cyber security.
He has earned two graduate degrees, an M.B.A. and M.S. in IT
Network Management; moreover, he currently holds
multiple IT industry certifications.
Learn more about Alton at http://www.amazon.com/Alton-
Hardin/e/B00UPY7PW2/
Visit www.MicroGrinder.com for additional poker learning
resources.
INTRODUCTION
WHY I WROTE THIS BOOK This poker book came to life for several different reasons.
After creating my first poker course on Udemy.com, I
realized that my students would benefit from supplemental
reading for the course. Moreover, I wanted to offer those
outside of my course a valuable poker resource to add to
their poker library.
You can sign-up for my 100% free Poker Fundamentals
Course on Udemy here:
https://www.udemy.com/pokerfundamentals/
Second, while there are numerous excellent poker books on
specific game-based strategy, I felt many overlooked some of
the basic overarching concepts that this book explores and
explains.
Last, I enjoy teaching, writing, and helping fellow poker
players. I hope you enjoy and find this book beneficial to
your poker game!
WHY YOU SHOULD READ THIS BOOK Whether you have been playing poker for two weeks or
twenty years, this book is for you. This book is designed to
help solidify key, essential concepts that benefit all poker
players, regardless of the poker game they play.
The goal of this poker book is to provide you, as a student of
the game and a poker player, with essential fundamental
concepts that will help you improve your poker game. The
topics discussed in this book are overarching concepts that
apply to all variants of poker, whether you are playing No
Limit Texas Hold’em, Pot Limit Omaha, Razz, Seven Card
Stud, or any other variant of poker.
In this book, I will not be talking about specific in-game
strategies for specific variants of poker; instead, I will be
discussing important topics that apply to all games of poker
that are essential to becoming and staying a long-term,
winning poker player:
The Current Landscape of Online Poker
Live versus Online Poker
Understanding and Embracing Variance
Managing Tilt
Poker Win Rates
Effective Bankroll Management
Multi-Tabling
Becoming a Student of the Game
Poker Player Resources
TABLE OF CONTENTS Your Bonus
About The Author
Introduction
Table of Contents
Chapter 1. Current Landscape of Online Poker
Chapter 2. Live Versus Online Poker
Chapter 3. Understanding and Embracing Variance
Chapter 4. Managing Tilt
Chapter 5. Poker Win Rates
Chapter 6. Effective Bankroll Management
Chapter 7. Multi-Tabling
Chapter 8. Becoming a Student of the Game
Chapter 9. Poker Player Resources
Chapter 10. Next Steps
Additional Resources
One Last Thing…
CHAPTER 1. CURRENT LANDSCAPE OF
ONLINE POKER
INTRODUCTION The game of online poker has drastically changed over the
years, affected by the consequences of what all poker players
coined as “Black Friday”. What were once easier games to
beat have now become much more difficult to beat.
BLACK FRIDAY On April 15, 2011, the United States Department of Justice
seized PokerStars, UltimateBet, and FullTilt’s websites and
U.S. based financial assets. This was due to suspected
fraudulent activities, including bank fraud and money
laundering.
When this occurred, all US poker players were effectively
shut out from online poker, and this event was dubbed
“Black Friday” because the online poker lights went off and
stayed off on April 15, 2011 for a very long time in the United
States.
At that time, these three poker networks were some of the
largest and most popular online poker rooms in the world.
By shutting out and preventing US poker players from
playing online poker, Black Friday effectively caused the
demise of the US online poker player pool; moreover, it also
harmed the entire online poker ecosystem across the world.
The consequence of poker’s Black Friday was that many US-
based poker players, who relied on online poker as their sole
means of income, either quit online poker altogether or
moved out of the country. Additionally, recreational
gamblers, who played online poker for fun, were forced to
quit as well.
TODAY’S GAME As a consequence of Black Friday, online poker has become a
much tougher game to beat, even at the micro stakes.
Players, who once played mid-stakes games online, are now
finding that micro stakes games are just as tough as mid-
stakes games used to be before Black Friday. The reason for
this is because now a large percentage of the online player
pool is skilled opponents. There are still bad players, but not
nearly as many as there were before Black Friday.
Because there is now a much smaller percentage of bad
recreational poker players in the online poker player pool,
both poker site and table selection strategies are essential
tactics that all poker players should utilize to help maximize
their win rate. The reason is that certain poker sites cater to
recreational players while others do not, making certain
networks potentially more profitable than others. For
example, PokerStars is one of the more difficult poker sites
on which to play, because its player pool is composed largely
of skilled regular poker players. The Bodog poker network,
on the other hand, caters to recreational poker players, so it
can be much more profitable for skilled poker players.
ONLINE POKER IN THE UNITED STATES In regards to online poker within the United States, it is
slowly starting to make a return. Individual States, one-by-
one, are beginning to legalize and regulate online poker at
the State level, and this currently includes States, such as
New Jersey and Nevada. Residents that physically live in
these States are allowed to play in State-regulated, online
poker rooms. However, online poker across the entire United
States is nowhere near reality and will not be for quite some
time – if ever.
As of March, 2015, there is a push in the Federal Government
legislature to, once again, ban online poker throughout the
United States via restoration of America’s Wire Act. If passed,
this bill will reverse the Department of Justice’s December
2011 memorandum that stated the Wire Act should apply
solely to sports betting. This would, in effect, make all forms
of online betting and wagering, including online poker, illegal
in the United States. If passed, this bill will greatly hinder the
progress that has been started by the individual states that
are now regulating legalized online poker and move U.S.
online poker back to the dark ages.
CHAPTER 2. LIVE VERSUS ONLINE POKER
INTRODUCTION While poker is poker, online and live games differ drastically
in several different ways, which is what this chapter will
discuss.
PACE OF THE GAME Simply put, online poker is a much faster paced game than
live poker. Why is this? There are several different reasons.
LIVE POKER CONSIDERATIONS In live poker, we have to physically play the game, which
drastically slows it down. The dealer has to shuffle the deck,
cut the deck, and then deal the cards. Additionally, the dealer
has to manage the flow of the game by ensuring that bet sizes
are correct, raise sizes are correct, and players are playing
the game accordingly.
Additionally, players have to do the same. Players have to
physically look at their cards without revealing them to their
opponents. Players also have to physically place a bet by
putting their chips into the middle of the table past the bet
line. Finally, players can take long periods of time to think
about whether they want to bet, call, raise, or fold each hand.
All of these aspects of a live poker game make it a much
slower paced game than online poker. In a live poker game,
you will be lucky to play 35 hands per hour with a fast dealer,
but are more likely to be dealt 30 hands per hour on average.
ONLINE POKER CONSIDERATIONS Now, let's consider online poker. First of all, everything is
automated via a software interface. Cards are dealt within
seconds, and players can make pre-defined decisions before
it is their turn to act, such as to automatically fold or call a
bet.
Moreover, with each hand, all players have a predefined,
limited time bank to make their decisions at the online poker
table, which is typically between 15 and 30 seconds. If they
don't make their decision within that time period, their hand
is automatically folded – which drastically speeds up the
pace of the game.
In addition, when you play online poker, you have the option
to multi-table. Multi-tabling is the ability to play multiple
tables of poker at once. Personally, I play four tables at once
whenever I am playing online. And when I play online, I
typically see, at minimum, 50 hands per hour on each table
that I play. So by playing four tables online, I can play, at
minimum, 200 hands per hour, which is roughly 6 times as
many hands as I would be able to play in a live game.
OPPONENT SKILL LEVEL Online poker players tend to be much better than live poker
players at the lower limits; however, as you move up in
limits, you will find that the opponents you play against in
live poker are much better.
WHY ARE ONLINE POKER PLAYERS BETTER?
Mainly due to poker Black Friday. As the recreational poker
players left the online poker player pool, the better players
stayed. Unfortunately, many of the recreational poker
players have not returned to online poker, thereby making it
a much harder game to beat overall. Because the game is
much harder to beat now than it was before Black Friday,
most online poker players, even at the micro stakes, are
students of the game that have a strong fundamental
understanding of poker theory, strategies, and tactics. Most
online poker players are members of online poker training
sites, poker forums, and study groups.
Conversely, in live poker, especially at the lower limits, many
poker players are purely recreational gamblers. They are not
students of the game, like their online poker counterparts. If
we take a typical Las Vegas casino, such as Harrahs, a
majority of the players in the poker room are there to gamble
and have a good time. Many of them don't understand the
fundamental theory and strategies behind poker. They do not
study poker, like their online counterparts. They may have
read one or two books on poker in the past or have watched
the World Series of Poker (WSOP) or World Poker Tour
(WPT) on the television, but they are definitely not students
of the game and good poker players. This is fairly typical at
the lowest live cash game limits, such as $3-$6 limit and $1-
$2 no limit games. However, as you move up in live cash
games limits, your competition will become much better,
especially when you reach or surpass the $500 buy-in games.
Several members on my website, MicroGrinder.com, play
online micro stakes poker, typically, anywhere from $5-$25
buy-in games, and they are good online poker players. When
they go to their local casino and play live games, they play
and easily beat games with $200-$500 buy-ins. So if you are a
good online micro stakes player, you should be able to easily
beat most low stakes live poker games.
CHAPTER 3. UNDERSTANDING AND
EMBRACING VARIANCE
INTRODUCTION Many poker players have heard of variance, but many truly
don't understand it. This chapter will not only introduce you
to the concept of poker variance, but help you to understand
the importance of embracing it.
DEFINITION Poker variance is nothing more than the upswings and
downswings in poker. In other words, it is negative and
positive variance. Negative variance is when we are running
bad and cannot win a hand. Positive variance, on the other
hand, is when we are running good and can’t seem to lose.
IMPORTANCE So why is understanding and embracing variance so
important? Poker players, who don't understand why
upswings and downswings occur in poker, are more likely to
go on tilt. Going on tilt causes you to play badly, spew off
chips, and kill your bankroll, which is definitely something
we want to prevent.
NEGATIVE VARIANCE Negative variance occurs when we are on downswings. We
commonly call them cooler sessions, where we are getting
cold cards and we cannot win a hand. The downside of
negative variance to poker players, who don't understand
and embrace it, is it often leads them to play on tilt, which as
we know, causes us to spew off chips and kill our bankroll.
One important thing to note about negative variance is that
running bad doesn't always mean you're playing bad. We
cannot automatically assume we are playing bad when we
aren't winning. What we need to do is to further investigate
the way we played by doing a hand history analysis to
determine if we played a hand in an optimal fashion.
During my last online poker session, I went on a ravenous
negative variance downswing in a matter of 100 hands. In
this short time frame, I lost close to 4.5 buy-ins with pocket
queens, getting cracked four times and AK crushed by a bad
beat. I did not play these hands poorly, but suffered the
consequences of negative variance. Due to my understanding
of negative variance, I did not let it overly affect my game,
and by the end of my session, 300 hands later, I had
recovered almost 4 buy-ins.
POSITIVE VARIANCE On the other end of the spectrum is positive variance.
Positive variance is when we are running really well, we are
on major upswings and heater sessions, catching cards, and
we feel like we can’t lose a hand. Just like with negative
variance, there is a downside to positive variance. The
downside to positive variance is the invincible syndrome.
The invincible syndrome is when you feel you can't lose a
hand, and you end up overplaying cards in hands you
shouldn't have, which causes you to lose some of your
winnings and spew off chips you shouldn't have lost.
Just like with negative variance, positive variance and
running good don't always mean you are playing well. When
we are running well, we should also review the hands we
played. We should look at the hands in which we won big
pots and determine if we played these hands optimally. Just
because we sucked out on somebody or won a huge pot
doesn't mean we played it properly.
During my last visit to Las Vegas, I witness positive variance
at its greatest. I was playing spread limit at the Excalibur, and
a recreational poker player, who was a stereotypical loose
passive calling station, was catching cards like crazy. Over
the span of a few hours, I witnessed him win a majority of the
hands he played with numerous full houses, quads at least
three times, and an insane amount of suck outs, including
sucking out on my pocket queens by making trips sixes on
the river. He hit several high hand jackpots and simply could
not lose.
WHAT CAUSES VARIANCE So what causes a variance? Well, it's nothing other than the
randomness of the cards. In regards to if we are running
good or running bad, it's the luck of the draw of the cards. If
we are lucky, the cards that are dealt will be cards that are in
our favor, just like with my example about the Las Vegas
heater session. If we are unlucky, the cards that are dealt will
be bad for us and good for our opponents, we won’t hit our
draws, our big hands won’t hold up, and we’ll lose a lot of
hands and money.
HOW LONG DOES VARIANCE LAST? Statistically, variance becomes minimized over a long period
of time; moreover, we tend to experience variance in short
periods of time. However, it is not uncommon for people to
experience both positive and negative variance for prolonged
periods of time.
I most recently went on a 24,000 hand breakeven session,
where I ran really well for the first 12,000 hands, and then
for the next 12,000 hands, I could not seem to win a hand. I
have also read of poker pros, who have gone on 100,000
hand breakeven sessions, and even pros, who said they had a
losing year of poker. So with that said, the length of variance
can vary drastically, and we really never know how long it
will last. It will simply vary from person to person. So if you
are experiencing a prolonged downswing, definitely consider
that it is a consequence of negative variance, because it most
likely is if you are a good poker player.
SAMPLE SIZE AND VARIANCE To illustrate how sample size plays a huge role in variance, I
have completed a simple coin toss scenario, using an online
coin toss simulator. We can equate a simple coin toss to
poker by the stereotypical coin flip situation of AK versus a
pocket pair. While this poker coin flip situation is not a pure
50/50 scenario, it is close enough. So in the example below,
we can assume heads is AK and tails is QQ.
Below is a 15 coin flip example graph, where I completed 5
separate 15 coin flip samples and recorded the percentage
that heads and tails hit.
What you will notice with the 15 coin flip example is that
neither heads nor tails lands 50% of the time. In fact, there is
a large discrepancy between when heads and tails hits, with
either heads or tails landing 60-67%, and the other landing
33-40% of the time. This is variance. While we expect the
results to be close to 50/50, they often aren’t in small sample
sizes. We see the same thing in poker. While we expect QQ to
win close to 50% of the time against AK, it might lose four
out of five times in a variance downswing session.
Now, let’s look at a 150 coin flip example below. This sample
size is 10 times greater than the previous, and what we
notice is that we are getting results closer to a 50/50
expected result. We can see as we increase sample size, the
effect of variance is greatly diminished.
So what is the takeaway from this? It is simply that in small
sample sizes, we will see unexpected results. Such as in
poker, when we have AK versus QQ, and we expect QQ to win
approximately 55% of the time, and AK ends up winning 10
out of 15 times. However, if we do this scenario over a larger
sample size, we will start to see our expected results.
So when you are playing poker and see unexpected results,
such as your aces getting cracked by a set, two pair, flush, or
straight when you are all-in pre-flop, understand this is
short-term variance, and over the long run, your aces will
hold up as expected.
If you do not believe me, I implore you to analyze your poker
hand history, where you had QQ versus AK all-in pre-flop to
see if you were affected by short-term variance and
unexpected results. If you use poker tracking software, such
as Poker Tracker 4 or Hold’em Manager 2, this is very easy to
do.
So do not be deterred by unexpected results when you are
experiencing negative variance and are getting sucked out.
Understand that in the long-run, if you played the hand
correctly, and you were the statistical favorite, you will win
money in the long run.
DEALING WITH VARIANCE There are some simple strategies for dealing with variance.
The first strategy is simply to take a break when you're
running badly. When you're running badly, and you are
starting to feel as if you're becoming tilted, simply take a
break and stop playing poker. Remember that being tilted
can cause you to play bad and spew off chips, so by
preventing ourselves from playing on tilt, we save ourselves
from losing money that we would have lost if we played
tilted.
The second strategy is to not think you're invincible when
you are running really well. Remember that many players
can become susceptible to the invincibility syndrome when
they are running really well and experiencing positive
variance. Remember to not overplay cards and draws, but to
always play your best poker game, regardless of the results.
The last and most important strategy is simply to embrace
variance and don't let it affect your game.
EMBRACING VARIANCE If we understand what variance is, both positive and
negative, we are less likely to let it influence our poker game.
Those who understand variance also understand they have
no control over it, and it is amplified in the short-term and
minimized in the long-term. This is why so many great poker
players tell us not to be result-oriented in the short-term.
SHORT-TERM RESULTS ORIENTATION
We must remember that when we are playing poker, we
should not focus on the results in the short-term. Why is this?
Variance is magnified in the short-term, also, because the
concept behind playing good poker is to focus on making the
correct decisions, regardless of the outcome a particular
poker hand. In the short-term, we do not want to let the
result of certain hands, whether we won or lost a big hand,
affect us playing a hand properly in the future. Instead, we
want to focus on ensuring we played a hand correctly, based
upon analysis of the hands after the fact. If we play the hand
correctly, then the results do not matter.
When I went on my 4.5 buy-in downswing over 100 hands, I
did not let the results deter me. Instead, I played through it,
focusing on playing good poker, and I was able to get back
most of my losses unbelievably quickly in a single session
after being down a large amount.
SUMMING UP Remember that variance is an essential aspect of the game of
poker, and we must understand and embrace it. Also,
remember that the element of luck in poker causes short-
term variance. So, with that said, we should expect to
experience larger variance upswings and downswings in
small sample sizes.
Also, remember that losing in the short-term doesn't
necessarily mean you are playing badly. Conversely, winning
in the short-term doesn't mean you're playing well. Variance,
whether it is positive or negative, plays a major for role in
how well you do in a small sample size of hands.
Therefore, never rely on your short-term results to
determine if you are a winning or losing poker player.
Instead, focus on playing hands correctly and properly,
regardless of the outcome. Once you have a sample size of
around 50,000 hands or greater, you can look at your results
and win rate to determine how well you're doing.
CHAPTER 4. MANAGING TILT In this chapter, we are going talk about the concept of tilt,
because it derails many poker players’ careers and decimates
their bankrolls at the same time. Having sound strategies to
combat tilt is important to becoming and staying a successful
poker player.
DEFINITION So what is tilt? Tilt can be defined as an altered mental state,
specifically being angry or frustrated, when playing poker.
CONSEQUENCES OF TILT Tilt causes poker players to play poorly and make bad
decisions at the poker table that they normally wouldn't
make. This is due to their altered state of mind, which affects
their ability to think clearly and rationally. Tilt usually causes
poker players to lose money they shouldn't have lost by
playing hands they shouldn't have played and spew chips
they shouldn't have spewed off.
WHAT CAUSES TILT? The most common reason for going on tilt is taking a really
bad beat or losing a massive pot. However, there are several
other ways in which tilt can occur.
For example, losing multiple hands in a row, even if they are
small pots, can cause a poker player to go on tilt. Being dealt
cold cards for a long period of time can also cause a poker
player to go on tilt. Simply being annoyed by a particular
opponent at the table can also cause many poker players to
go on tilt. Last, factors outside of the poker game that are
affecting a poker player’s personal life can also cause tilt. So,
as you can see, there are many different factors that can
cause a person to go on tilt.
WE ALL TILT We all tilt. It is just a fact of human nature. Even the best of
the best poker pros in the world tilt. Phil Helmuth, an
excellent live tournament poker player, is known for his over
the top, televised tilting moments. When Phil Ivey lost over a
$1 million dollar hand to Tom Dwan with a straight over
straight playing 3-ways, he was most definitely tilted, and
you could see it in his eyes and facial expression. I have
greatly struggled with tilt in the past, and it has taken me
years to more easily overcome it. In poker, tilt and the
psychological aspect of the game is the hardest aspect for
most poker players to master. So do not be alarmed if you
tilt, because we all do to some extent.
STRATEGIES FOR COMBATING TILT Now that we know what tilt is and what causes it, we need to
develop strategies for managing it. In this section, I will talk
about several effective strategies for managing tilt that you
can implement into your poker game.
EMOTIONAL INTELLIGENCE The first strategy is emotional intelligence. We need to
understand our own emotions and understand how they
affect our poker game. By developing emotional intelligence,
we allow ourselves to make proactive adjustments at the
poker table when we feel ourselves becoming tilted. This is
essential, because we need to know when we are becoming
tilted, so we can take proactive measures before we blow our
top and spew off chips due to playing on tilt.
TAKING A BREAK Taking a break is one of the most common strategies that
players utilize when they go on tilt. Moreover, it is one of the
best strategies we can implement as a poker player. When
you're feeling tilted, simply get up from the poker table and
take a break. Your break can be five minutes or five days; it
all depends on you. You should not return to the poker table
until you're no longer tilted, and you have your confidence
back as a poker player. Doing so will prevent you from
making costly tilted mistakes at the poker table.
DE-STRESSING TECHNIQUES It might be a good idea to have a technique for de-stressing
when you take a break from the poker table. For some
people, this can be as simple as having a stress ball to
squeeze to alleviate stress from tilt. For others, it might mean
smoking a cigarette, taking a walk, watching television,
exercising, or eating a meal. The key here is to find an activity
that best helps you alleviate your stress and tilt and have it
readily available when play poker. One really cool de-
stressing item that was available at Hooters Resort in Las
Vegas when they first opened their poker room years ago
was a punching bag in their poker room. If you took a bad
beat and got tilted, you could walk over to the punching bag
and hit it to alleviate your tilt and stress.
UNDERSTANDING & EMBRACING VARIANCE After reading the previous chapter on variance, you now
know that variance is inevitable in poker, whether it is
negative or positive variance. By understanding this, you
should not let bad beats and downswings affect your mental
game.
By understanding variance, you know it is out of your
control, and you should not allow it to affect your poker
game and the way you play. By understanding and embracing
variance, you will naturally decrease your likelihood of going
on tilt.
RESULTS-ORIENTATION We should also not be results-oriented in the short-term.
This means you should not worry about whether you're
winning or losing in a particular poker session. Rather, you
should focus on your poker game and ensure you are
implementing effective strategies and tactics in your playing
style. Being results-oriented in the short-term only leads you
to make mistakes at the table and go on tilt.
If I was results-oriented, I would have gotten irritated with
my recent 4.5 buy-in downswing that occurred in a matter of
approximately 15 minutes. When I used to struggle with tilt, I
probably would have cursed at my computer and quit my
session, feeling down and insecure about my poker game.
But now, understanding variance and being able to manage
my tilt, I do not let downswings like this negatively affect me
like they used to in the past. Yes, downswings are
disappointing, and they really do suck, but all we can do is
accept them and do our best to play through them, striving to
play our best poker game. So the next time you take a bad
beat, take it in stride and don’t dwell on it.
AVOIDING CAFFEINE & ALCOHOL While people really don't consider this factor, caffeine and
alcohol can easily cause poker players to go on tilt. Why is
this? For certain people, caffeine and alcohol can lead to
altered states of mind, which can cause you to more easily go
on tilt.
For example, if you are sensitive to caffeine, drinking too
much coffee or soda, before and during a poker session, can
cause nervousness and rushed decisions at the table.
Additionally, when we are in poker rooms in places, such as
Las Vegas, we often see players drink alcohol at the poker
table. It is never a good idea to be intoxicated while you're
playing poker, simply because you will make poor decisions
overall.
Remember, you don’t want to be the drunk at the poker table
if you are there to be a winning poker player. Don’t fall into
the trap of getting free drinks when you play poker, because
just like driving, alcohol will inhibit your ability to think
clearly and make correct decisions at the poker table. If you
are on vacation in Las Vegas and playing live poker for fun,
by all means, enjoy yourself and have some drinks on the
house, but just remember, you won’t be playing your best
poker by any means.
EXERCISING REGULARLY & EATING HEALTH Exercising and eating healthy are some simple strategies for
not only improving your poker game, but improving your
overall health and decreasing your stress. Exercise effectively
decreases stress by releasing endorphins in our bodies,
which improves both our physical and mental state of mind.
Many poker professionals adhere to strict exercise and diet
routines; so should you. Not only is eating a proper diet and
exercising good for your poker game, but by doing so, you
will ensure you live a longer and healthier life.
HAVING A POKER (WORK) LIFE BALANCE With everything in life, there needs to be balance. If you play
poker for a living or as a side income, you should not let
poker consume your entire life. Instead, you should have
balance in your poker life. Having a balanced lifestyle will
allow you to put poker into perspective and will also
minimize your chances of burning out, just like any other job.
Do not let poker consume your entire life. If you do, just like
with most things, you will most definitely burn out. Many
poker professionals and serious recreational players go
through periods when poker is no longer enjoyable for them,
and they quit the game. Lots of times, this is because poker
encompasses their entire life. If they are not playing poker,
they are studying poker – which can become an endless
grind.
Your goal, as a poker player, is to keep it enjoyable, because if
you no longer enjoy it, you’ll quit playing. Keep a balanced
lifestyle, have a social life and hobbies outside of the poker
world. It is as simple as that.
CHAPTER 5. POKER WIN RATES How do we determine how well we are doing over the long-
term when playing poker online? We use our win rate. This
chapter will discuss two specific online poker win rates that
are commonly used in online poker to gauge success, big
blinds per hundred (bb/100) for cash games, and return on
investment (ROI) for tournaments.
WHY SHOULD I TRACK MY WIN RATE? Some newer poker players may wonder why it is important
to track their win rate. They may think that because they're
winning money, they are doing okay, and there is no reason
or need to track their win rate.
The main reason all serious poker players should track their
win rate is because it is a metric in which we, as poker
players, can judge our long-term success in poker.
Additionally, it tells us how much we can expect to make
from poker over a long period of time. Last, our win rate will
tell us how well we are doing. If our win rate is too low, then
we know there are leaks in our game that we need to
improve. Conversely, if our win rate is very high, we may
consider moving up to the next level and playing at higher
stakes.
ONLINE CASH GAME WIN RATES In online cash games, the most common win rate is big blinds
per 100, which is noted by the acronym bb/100. Big blinds
per 100 is the number of big blinds (bb) won per every 100
hands you play.
This win rate metric is not commonly manually calculated,
but instead, automatically calculated and tracked by poker
tracking software suites, such as Poker Tracker 4, Holdem
Manager 2, and Free Poker Database.
WHAT IS A GOOD BB/100 WIN RATE? Below is a rough sketch of what is considered a good bb/100
win rate:
1 to 4 bb/100 is a good, solid win rate
5 to 9 bb/100 is an exceptional win rate
10+ bb/ 100 is absolutely crushing the game
As you can see in the list above, anything with a 1bb/100 or
greater win rate is considered a good win rate. In fact,
0bb/100 is okay, because it means you are not losing any
money.
ONLINE TOURNAMENT WIN RATES Online tournament poker uses an entirely different win rate
than online cash games. With online tournament poker,
whether you are playing multi-table tournaments (MTTs) or
sit and go tournaments (SnGs), the win rate metric
commonly used is return on investment (ROI).
The reason tournament poker uses a different win rate
metric than cash game poker is because your win rate in
tournament poker is independent of the amount of hands
you play and focuses solely on how much money you win per
tournament; therefore, we cannot rely on a metric, such as
bb/100, simply because it is based upon how many hands
you play and not the outcome of a poker tournament.
Your tournament ROI is the same measurement as an
investment ROI. It is the percentage rates of return that you
expect to earn on the average from your tournament buy-in.
For example, if your tournament buy-in is $100 and your ROI
is 25%, you expect to win $125 on average, over the long-
term for each $100 tournament you buy-in. This will give you
a $25 profit from each tournament, hence the 25% ROI.
WHAT IS A GOOD ROI WIN RATE? Below is a rough sketch of what is considered a good ROI win
rate:
10% is an okay win rate
20 to 30% is an exceptional win rate
30% or greater is phenomenal
WIN RATES & SAMPLE SIZE Sample size plays an important role in calculating accurate
win rates. In online cash game poker, many poker players
state that you should play, at minimum, 100,000 hands
before you can estimate an accurate long-term win rate.
However, for recreational and part-time cash poker players, I
recommend 50,000 hands as a starting point. In the online
tournament poker, it is recommended that you play
thousands of tournaments. However, for recreational part-
time tournament poker players, 100 tournaments is a good
starting point.
When you're just starting out playing poker online, whether
you decide to play cash games or tournaments, do not rely on
your win rates until you have a decent sample size. You will
see a lot of variance in your win rate. Lots of new poker
players fall into the trap of being short-term results-oriented,
where they run really good for a short period of time and
over-estimate their win rate at a particular stake.
If you run really well over a small sample size, say five
thousand hands, and you are up 15 buy-ins, don’t
automatically assume you are crushing the game. You may be
crushing the game, or you may just be on an extended heater.
To really know how well you are doing and what a long-term
sustainable win rate is for you, you really do need a very
large sample size of hands, at least 50,000 or more.
WIN RATES DECREASE AT HIGHER STAKES As you move up in stakes and play tougher and more skilled
opponents, naturally, your win rate will decrease. Why is
this? Simply because the higher the stakes you play, the
better the opposition. These players are less likely to make
costly errors that happen at the micro stakes. Moreover, you
will have a smaller skill advantage edge over your opponents
as you move up in stakes. You should expect that as you
move up from, let’s say, 10NL to 25NL, your opponents at the
higher stakes will be more skilled than the overall player
pool at 10NL. The regular players will make fewer mistakes
and will also pounce at any chance to attack your mistakes.
So do not be alarmed if you move up in stakes, and you see a
decrease in your win rate. In fact, you should expect it. But
this is perfectly okay. You don’t have to win at the same
bb/100 at a lower cash game stake or ROI for lower buy-in
tournaments, simply because the overall monetary amount is
higher. So even if your win rate decreases slightly, your
hourly rate will most likely still increase if you are playing
well.
CHAPTER 6. EFFECTIVE BANKROLL
MANAGEMENT Proper bankroll management is the foundation for all
successful poker players. In fact, many poker players have
gone broke because of poor bankroll management, which in
turn, hinders their financial means, poker progress, and
confidence at the poker table.
DEFINING A BANKROLL & BANKROLL MANAGEMENT A bankroll is nothing more than the amount of money you
have set aside to play poker. This is the money to be used
solely for the purpose of financing your poker career and
used for nothing else. For online poker, this is the amount of
money you deposit and keep online.
Bankroll management is a method in which a poker player
manages his or her bankroll. It is a combination of using a
proper bankroll size to determine not only what stakes a
player can currently afford to play, but also minimize the risk
of going bust.
IMPORTANCE OF BANKROLL MANAGEMENT The reason we need to have proper and effective bankroll
management is that it allows us to withstand variance
downswings. When we go on a very substantial variance
downswing and our bankroll is too small, we stand the risk of
losing our entire bankroll and having to start over from
scratch. Bankroll management is a simple concept; however,
lots of poker players neglect its importance and take shots at
higher stakes that their bankroll really cannot support if they
run bad. If you utilize proper bankroll management
strategies, you minimize your chance of going broke, so you
can think of it as a risk management strategy. The more
money with which you have to play, the more you can
withstand downswings and keep playing. The less you have,
the higher the risk you have of going broke.
RECOMMENDED BANKROLL SIZES Below are loose bankroll management size guidelines that
are suitable for most recreational online poker players.
Please remember that these are nothing more than
guidelines. Some poker coaches and authors will recommend
different bankroll management guidelines and sizes, but the
below guidelines are a very good starting point for any
online poker player.
ONLINE CASH GAMES From most online cash game poker players, it is
recommended to have a bankroll size of 20 to 40 buy-ins
(BIs) at your current stake. Below is a sample table of
recommended bankroll requirements for $2NL up to $25NL
micro stakes online games, where I recommend that you
have anywhere from 20 to 40 buy-ins at whatever stake you
currently are playing poker games. For those of you who
multi-table, the more tables you play, the higher your
bankroll requirement. For example, 20 buy-ins would easily
suffice for one or two tables, but you would need a drastically
larger bankroll for eight tables of multi-tabling poker online.
Buy-In Number of Buy-Ins Bankroll Requirement
$2NL 20 to 40 $40 to $80 $5NL 20 to 40 $100 to $200
$10NL 20 to 40 $200 to $400 $25NL 20 to 40 $500 to $1,000
ONLINE TOURNAMENT GAMES
For most online tournament poker players, it is
recommended that you have a bankroll size of 100 buy-ins
for the tournaments that you play. This is because variance is
much greater for tournaments than it is for cash games. In
tournament play, especially multi-table tournaments (MTTs),
you may play numerous tournaments without cashing, which
causes lots of variance in your bankroll. This is why a 100
buy-in bankroll is recommended. In tournaments, there is a
higher risk of having a 0% ROI on your money; however,
when you do cash, and if you make the final table, you will
see a gigantic ROI on your money.
TAKING SHOTS Taking shots is when you're ready to move up to higher
stakes, and it should be based upon the size of your current
bankroll. There are two basic rules to taking shots, which are
highlighted below:
1. Once you reach 20 buy-ins at the next level, you're
ready to take a shot and move up to the next level.
2. After you move up to the next level, if your bankroll
falls to 15 buy-ins, then you need to move back down
to the lower level.
SIMPLE TAKING SHOTS EXAMPLE If you start with $100 for a $5NL bankroll of 20 buy-ins, and
you build that bankroll up to $200, you now have 20 buy-ins
at $10NL. You're now ready to move up to $10NL; however,
if your bankroll ever falls back down to $150, which would
be 15 buy-ins at $10NL, you need to move back down to
$5NL until you build your bankroll back up to $200 to take
another shot at $10NL.
THE 1-TABLE INCREMENTAL APPROACH
Above is an example for those who wish to jump directly
from one stake to the next; however, there is also another
approach, called the incremental approach, which is suitable
for those with a very low risk tolerance level. With the
incremental approach, I recommend that once you are ready
to take a shot at the next level, you incrementally add one
table at the higher stake while still playing your current
stake. For example, if you regularly play four tables, then play
one table at the higher stake and three at your current stake.
As you become more accustomed and are comfortable
playing at the higher stakes, incrementally continue to add
one more table at a time at the higher stake until you are no
longer playing your lower stake.
There are a couple of key benefits to this approach to taking
shots. First, you are risking less of your bankroll, initially, so
if you initially run badly, the one table at the higher stake
won’t take a huge hit on your bankroll. Second, because
many players have trepidations and are naturally worried
and cautious when they move up stakes, incrementally
playing one table at the higher stake, concurrently with
tables at your current stake, helps ease the nervousness of
taking shots at higher stakes.
SETS GOALS & STICK TO THEM One thing that both I and MicroGrinder.com’s poker coach,
Reg, see and talk often about is that players often move down
too quickly after they take a shot at a higher stake. They don’t
plan ahead, set specific goals, and if they take a couple of bad
beats and run bad, they move back down too quickly. For
example, a player make decide to take a five buy-in shot at
the next higher stake, but he or she runs bad, gets coolered,
and loses three buy-ins in the first session and moves right
back down to the lower stake.
Doing so is a huge mistake. We have to understand variance
will occur. Sometimes, it will be on our side and jumpstart
our move to the higher stake by initially running good, and at
other times, it will do the exact opposite. If you run bad and
take some bad beats, don’t jump back down to the lower
stake too quickly. Instead, set specific goals for your
challenge to move up in stakes. If you set aside 5 or 10 buy-
ins, play those entire 5 or 10 buy-ins before you move back
down. You will be a better poker player for it.
BASIC TENETS OF BANKROLL MANAGEMENT There are three simple tenets of bankroll management that
all poker players should follow. These tenets are designed to
reduce your risk of ruin, so you never go broke. The tenets
are as follows:
1. Never play outside your financial means
2. Play stakes your bankroll can withstand
3. Focus on your goals
NEVER PLAY OUTSIDE YOUR FINANCIAL MEANS As not only a poker player, but as a responsible person, you
should never play outside of your financial means. If you
cannot afford to play a certain stake or level of poker, then
you should not be playing that game, period. Remember that
variance downswings are a fact of life in poker, and you don't
want to put yourself in a difficult spot where you will bust
your entire bankroll and cause financial harm to yourself
away from the poker table.
PLAY STAKES YOUR BANKROLL CAN WITHSTAND Additionally, always remember to play stakes that your
bankroll can withstand. Do not move up in stakes if your
bankroll cannot withstand a significant variance downswing;
if you do, you may find yourself going broke quickly. This is a
rule that many poker players have broken and have quickly
found themselves back at the lower stakes when they had a
variance downswing – drastically hindering their long-term
success. In poker, we want to make the best overall decisions
that enhance our likelihood of success, and while this
concept is often overlooked, proper bankroll management is
a strategy that can help maximize your change for success
and, at the same time, minimize your chance of going broke
in your poker career.
FOCUS ON YOUR GOALS Last, let your own personal goals dictate your bankroll
management needs. If you are a recreational player, who
plays for fun and has other sources of income, then a smaller
bankroll is okay, because if you do go broke, you can always
just reload. However, if you are using poker as a source of
income and you rely on your bankroll, then you should
strictly adhere to proper bankroll management guidelines to
minimize your chance of going broke.
CHAPTER 7. MULTI-TABLING Multi-tabling is a fairly common strategy that many serious
online poker players utilize to maximize their hourly win
rate. It is nothing more than playing multiple tables of poker
online at once. In fact, whenever I play online, I play four
tables at once, which can be seen in the image below.
For beginning poker players, multi-tabling four tables of
poker at once may seem like a daunting task, which it
definitely can be. I remember, when I first started multi-
tabling, 4 tables seemed an impossible task. Now, it feels
natural. In fact, it actually feels slow at times. On the flip side,
most professional and semi professional poker players will
play anywhere from 8 to 16 tables at once, which is much
greater than what most recreational players are able and
willing to multi-table.
PROS & CONS TO MULTI-TABLING There are upsides and downsides to multi-tabling in online
poker, and I'll talk about them in this section.
PROS TO MULTI-TABLING
The first obvious benefit to multi-tabling is that you increase
the amount of hands you can play per hour. For example, an
online poker player, who is multi-tabling eight tables at once,
can usually play around 480 hands per hour. If we compare
this to somebody who plays live poker, they are only playing
around 30 hands per hour. So an online professional poker
player, who is playing 8 tables at once, is playing roughly 16
times more hands per hour than a live poker player.
The second benefit to multi-tabling is there is simply less
boredom when you play. The downside to playing one table
at a time, such as when you play live, is there is a lot of
downtime between when you are actually playing a hand and
not playing. Multi-tabling effectively eliminates this, because
you are constantly playing a hand on several tables at once.
So when you multi-table, you are often faced with numerous,
simultaneous decisions.
The third benefit to multi-tabling is that it drastically reduces
the learning curve. Because you are playing so many more
hands than your live counterparts, you become more adept
at the game at a much faster pace. The reason is that there
are so many uniquely different situations in poker that it
takes a long time to actually be in these various situations.
However, when you play online and multi-table, you often
find yourself in uniquely different and difficult situations at
the poker table. It is not uncommon for professional poker
players to play upwards of 1 million hands per year. For a
live poker player to play 1 million hands, it would take him
or her approximately 4 years, playing 365 days per year, 24
hours per day. So it is quite astonishing that online
professional poker players, who multi-table, can play so
many hands in a single year.
The last benefits I want to discuss are bonus and rake back
benefits. Certain poker sites will offer bonuses based upon
certain requirements, which often require a substantial
amount of play at the tables. When you multi-table, you are
able to meet the requirements for these bonuses much faster
than if you played one table at a time. Rake back is when an
online poker provider gives you a portion of the rake that
you paid back to you over time. It is usually a fixed
percentage amount and varies greatly from one poker
network to the next. In fact, many poker networks are no
longer providing rake back bonuses. However, for those that
are, playing on them can be a great benefit if you multi-table.
For example, if a poker site offers a 10% rake back bonus and
you played and paid $5000 in rake, you would receive 10%
of that back, which would be $500. So it is highly
recommended to play on sites that offer rake back bonuses,
especially if you multi-table.
CONS TO MULTI-TABLING Now, let's talk about the downsides to multi-tabling. The first
downside to multi-tabling is that if you're multi-tabling a
large amount of tables at once, you will need a bigger
bankroll requirement. For example, a person, who is multi-
tabling 16 tables, will need a bankroll four times as large as a
player, who is multi-tabling four tables. So for some players,
multi-tabling such a large amount of tables may not be
financially feasible, because their bankroll cannot support it.
The second downside is the inability to focus on particular
hands. When we play only one or two tables at once, we
allow ourselves the ability to really focus on each hand and
make the most optimal decisions as each hand is played.
However, if we're multi-tabling 6 to 16 tables at once, we are
constantly scanning all the tables and making numerous
decisions at once with incomplete information. So many
times when poker players multi-table, it is easy to go into an
autopilot mode and focus on using standard lines for
common situations. The downside to playing standard lines
is that they are not as optimal as if you gave all your time and
attention to each particular hand you are playing.
The third and final downside I want to talk about is variance.
When we are playing so many tables at once, such as playing
hundreds of hands per an hour, short-term variance will be
magnified. For example, if you are running really badly on all
16 tables that you are playing in one hour, you may be down
16 buy-ins or more in a single hour. Contrast this to a live
poker player who is only playing one table, and in a cooler
session, you will be down approximately 15 more buy-ins
than your live counterpart.
STRATEGIES FOR MULTI-TABLING If you are new to multi-tabling, the strategy for implementing
multi-tabling to your poker game is quite simple. First, start
with two tables, and if you're uncomfortable with the speed
of the game multi-tabling two tables at once, simply don't
multi-table. If you are able to multi-table 2 tables at once,
then as your decisions begin to become second nature and
you are able to make decisions fairly quickly while playing
two tables at once, then you're ready to add a third table.
Simply follow this strategy and slowly add additional tables
over time, so long as you're comfortable with the speed of
the game and are not timing out on the tables because you're
playing too many tables at once. Last, always remember that
your bankroll needs to support your multi-tabling efforts. A
bankroll of 20 to 40 buy-ins will suffice for playing up to four
tables at once. If you decide to multi-table more than four
tables at once, then I highly recommend that you increase
your bankroll accordingly. For example, if you are eight
tabling, you should probably have anywhere from 40 to 80
buy-ins available in your bankroll.
CHAPTER 8. BECOMING A STUDENT OF
THE GAME If you want to be successful in poker, continually improve
your game, and move up in stakes, then you must be a
student of the game. Many players become comfortable
where they are and don't seek to improve their game past a
certain point. That's okay if that's your goal, but if you want
to be a highly successful poker player, you should seek to
continually become a better player by being a student of the
game.
IMPORTANCE? Being a student of the game is also important for other
reasons. First of all, poker is a constantly evolving game.
Strategies for both cash games and tournament play have
continually evolved over the years. Top poker players are
continually developing new strategies and tactics to
implement into their game. Currently, there is a big push for
poker players to understand the concept of game theory
optimal (GTO). This is one example of how the game has
evolved over the years.
If we don't stay abreast on the game and how it changes with
new strategies, theory, and tactics, then we, as poker players,
risk becoming irrelevant as the game and our opponents
evolve without us. Remember, as the game is evolving with
the players around it, it becomes more difficult to beat. So if
we don't seek to understand and implement new strategies
and tactics into our game, then we may no longer be able to
beat it in the future.
HOW TO BECOME A STUDENT OF THE GAME?
Becoming a student of the game is a fairly simple process,
which I'll talk about in detail in the next chapter; however,
here are some quick guidelines:
Dedicate time to improve your game
Study and learn off the tables
Perform hand history, database, and the finder
reviews
Read poker books and watch poker training video
series
Join a study group and consider getting a coach
Join relevant poker forums
Just like anything in life, we have to dedicate our time to
improve ourselves in whatever we do. We can use numerous
examples from cooking to snowboarding. Top chefs in the
world attend culinary school, train in multiple restaurants as
prep cooks and sous-chefs to help them attain their goal of
becoming an executive chief. Likewise, freestyle
snowboarders train off and on the mountain, in skate parks,
gyms, and gymnastics pits improving their skills and tricks.
Top chefs and world-class snowboarders put in thousands of
hours, honing their skillsets.
So if we want to become skilled poker players, we should do
the same. We need to study and learn the game both off and
on the table, utilizing all the resources available to us to
improve our poker game. It is not enough to read one poker
book, watch a few poker videos, and then grind away on the
tables. We need to set goals, attain them, and constantly
improve our poker game. Poker is an easy game to learn, but
takes years to master. In this section, I’ll talk briefly about the
resources and ways we, as poker players, can improve our
poker game and success at the poker table.
It is true that most serious online poker players play
hundreds of thousands, if not millions, of poker hands per
year – which drastically reduces their learning curve and
allows them to become better players. However, they also
spend numerous hours per week off the table studying and
learning the game of poker.
How do they do this? The perform hand history reviews,
where they review and analyze interesting and tough hands
they played in detail, breaking down every aspect of the hand
to determine if they played it in an optimal manner. They
analyze their entire database of millions of poker hands to
determine where leaks in their game exist, so they can fix
them. Serious poker players read as many poker books as
they can get their hands on, and they join poker video
training sites to learn from the top poker pros in the world.
Last, they join poker study groups, forums, and get poker
coaching.
As you can see, there are many ways you can improve your
poker game away from the poker table. The resources are
readily available, with many of them being free. You just
need to seek them out, set aside time to improve your poker
game, and become a better poker player. In the next chapter,
I’ll talk in detail about the resources available to you.
CHAPTER 9. POKER PLAYER RESOURCES In this chapter, we will discuss the poker player resources
that are out there and easily available for you to use to help
you to become a student of the game.
Those resources include:
Books
Video Training
Forums
Study Groups
Coaching
POKER BOOKS Since you're reading this book, you're well aware that poker
books are a great way to improve your game. So I definitely
recommend that you continue to read poker books to
improve your game. There are excellent poker books for all
aspects of the game, including poker math, poker theory,
poker psychology, poker tournament strategy, and poker
cash game strategy.
When you are looking to read new poker books, be sure to do
your homework and make sure the book you're reading is
relevant for today's game and does not include strategies
that are no longer relevant. To help you with some of the
guesswork, we at MicrGrinder.com have compiled a list of
recommended poker books, which we believe are excellent
books for today's poker game. Here is a link to those books:
MicroGrinder.com Recommended Poker Books.
Additionally, when you are looking to purchase a new poker
book, be sure the book is appropriate for your skill level.
Some poker books, such as this one, is designed for beginning
poker players, while other books, such as The Mathematics of
Poker by Bill Chen, are designed for more advanced players.
VIDEO TRAINING Another great way to improve your poker game is poker
video training series. There are numerous websites
dedicated to providing us, as poker players, excellent video
training poker series. There are websites dedicated to
tournament poker strategy, mid and high stakes poker
strategy, and low and micro stakes poker strategy.
Most, if not all, of these poker training video sites charge a
monthly subscription fee to access their video series. They
are all viewable streaming online, and some allow you to
download the videos directly to your computer or tablet.
Moreover, prices for these websites can vary from $10 per
month to upwards of $100 per month.
Some of the more popular websites are as follows:
RunItOnce.com
DeucesCracked.com
IveyLeague.com
CardRunners.com
GrinderSchool.com
PokerVIP.com
We, at MicroGrinder.com, also offer free video training on
our website, designed for micro stakes players. We
recommend that you check out our website and our video
series here or on our YouTube channel before you spend
money on sites such as the ones listed above.
FORUMS
Forums are also a great way to improve your game. On
forums, such as our forum on MicroGrinder.com, you can
interact with other poker players and ask questions to help
improve your game. For example, in our forum and many
others, there are dedicated hand history review sub-forums
where you can post hands that you played to get feedback
from other forum members. There are also sub-forums to
discuss general poker strategy and theory and many other
aspects of the game. There are many different poker forums
on the Internet, and you can simply find them by Googling
the term, poker forum.
STUDY GROUPS Study Groups are also an excellent way to improve your
game. Through poker forums, you can interact with other
members and create your own private study group. At
MicroGrinder.com, we have a dedicated Skype study group
for our active forum members. The great thing about having
a Skype study group is that you can interact in real time via
their instant messaging system. You can also perform sweat
sessions, which are when one player shares his screen via a
video call on Skype with another member of the study group.
During the sweat session, both players can discuss tactics
and strategy while watching one of the players play. I highly
recommend you find and become part of a Skype poker study
group.
COACHING The last poker player resource I want to talk about is poker
coaching. Poker coaching is a phenomenal way to drastically
improve your game; however, it is not for beginning poker
players, who are just starting out and have only been playing
the game for a week to a month. Instead, poker coaching is a
great way to improve your game if you have a strong,
fundamental understanding of the game, but you have leaks
in your game, and you are having difficulties improving. I
recommend poker coaching for all serious poker players,
whether you're playing at the micro stakes or higher stakes,
and you want to improve your game.
Poker coaching sessions vary. They can be in the form of
sweat sessions, hand histories, reviews, database and leak
finder analysis, theory discussion, poker psychology
discussion, or whatever else you want to discuss with your
poker coach. Also, poker coaching rates can vary drastically.
At the micro stakes, you can expect to pay anywhere from
$25-$50 per hour. As you move up in stakes, it is not
uncommon to see the top pros charge upwards of $400 per
hour.
At MicroGrinder.com, we offer low-cost micro stakes poker
coaching services. If you are micro stakes player, our coaches
offer hourly coaching from $35-$40 per hour. You can read
more about our poker coaching services here.
If you determine you want to seek poker coaching, I
recommend you do your due diligence by reading reviews
and testimonials from previous students, as well as
comparing prices from various coaches. You can find coaches
on poker forums, as well as poker video training sites.
CHAPTER 10. NEXT STEPS Congratulations, you made it to the end. We definitely
discussed a lot of different topics in this book, and I hope you
are able to take valuable information away from each section.
By now, you should have a stronger understanding of
important topics, such as poker variance, tilt, poker win
rates, effective bankroll management, and many other topics.
Moreover, you should be able to apply these topics,
strategies, and tactics in your poker game to help improve
your overall poker game.
WHAT’S NEXT? I recommend that beginning, inexperienced poker players
seek resources next. If you are a beginning poker player,
definitely soak up as much material as possible that is
available to you. Use the resources we discussed in the book
to improve your game.
If you are an experienced poker player, and you read this
book to freshen your knowledge in certain aspects of poker, I
definitely recommend you focus on areas where you have
identified leaks. Leak finding is a great way to move forward
and see what areas on which you need to next focus.
Last, remember, always be a student of the game and utilize
resources available to you. Thank you for reading my first
book on poker, and I wish you the best of luck at the tables.
Take care.
ADDITIONAL RESOURCES Find out more at http://www.MicroGrinder.com
Other Poker Books by Alton Hardin: Developing Poker Reads Kindle eBook
Udemy Courses:
Crush Online Micro Stakes Poker Course
Essential Poker Math for NLHE Course
Developing Poker Reads Course
FREE Poker Fundamentals Course
Facebook Group:
https://www.facebook.com/groups/microgrinder/
YouTube Page:
https://www.youtube.com/channel/UC6Sbyk7qnsiKJRLt2Xy
NytQ
Twitter Feed: https://twitter.com/Micro_Grinder
ONE LAST THING… If you enjoyed this book and found it useful, I’d be very
grateful if you’d post a short review on Amazon. Your
support really does make a difference, and I read all of the
reviews, personally, so I can get your feedback and make this
book even better.
If you’d like to leave a review, all you need to do is click the
review link on this book’s page on Amazon here:
http://amazon.com/link (direct link to “Create-a-Review”
page on Amazon for book).
Thanks again for you support!