PLO and Deal Making

Posted by: Greg  :  Category: My Results, Poker Tips

Well I decided to post this quickly as the tourney is still freshly on my mind. I made another solid run last night, this time in a pot limit omaha (PLO), $26 buy-in on Full Tilt. I also made a semi deep run in a small buy on Pstars in a omaha hi lo tourney, finishing 30th out of over 1200 people.

There were some significant hands along with significant runs during this tournament the propelled me from an average stack to chip leader. My first huge hand was in very much a cooler situation but I feel the other guy over played his hand hugely.

I held JJ85, the pot was not raised pre, the flop came down J74 rainbow. This was a heads up pot where I had position, the other player led out and we were both quite deep, double average-ish. I raised just more than a min raise, he immediately re raised me the minimum back. At this point, my thought process is this, he is going to have one of two hands, a lower set or a huge wrap draw, something like 5 6 8 9. I re raised him back, hoping it was the set and I was right, he had 44 but he also had 56 for the open ender, he bricked out and I won a huge pot.

there was also a point where I figured out the guy to my left was a very loose player with a ton of chips and I felt I could really benefit from playing him. He started with over 37K and I had about 16K when I started a run that took me to 40K and him down to 14K, I won 7 hands in a row, 5 of them against him with two showdowns where I had nuts!!

After that, I was close to the chip lead, 27 players paid and I held the chip lead for 90% of the time from 30 down to 10. I entered the final table 2nd in chips and ended up chopping 5 way for just under 2nd place money, I was sitting in 3rd place at the time, just behind the two chip leaders.

So, this is a great time for me to chat about two items, PLO strategy (in multi table tourneys) and deal making. Strategy in any multi table tourney is huge and if you can find something that works, success won’t be far behind. First off pot limit tournaments never have antes, this allows you to sit on stacks for a very long time. So, if you’re short stacked, you can play very tight and hang on, until you start flopping hands. On the short stack, I recommend attempting to see cheap flops with high return hands, ie, any pairs, double suited, connected hands, etc, etc. Obviously there is going to be some gamble in there, but with any short stack play, gamble is going to be involved.

Moving on to playing a big stack, in this position, I love to control the play with limps or min raises. At one point during that tourney last night, I was limping 80% of the pots and betting out on the flop to get folds about 80% of the time. If you raise I recommend to only call re raises against opponents that can’t hurt you. It is very easy to play just the short stacks in these tourneys, risking 15% of your stack or less to add very useful chips.

My biggest recommendation is, don’t get married or overplay high pocket pairs. Pocket pairs are the downfall for most players in this game, mainly aces. Did you know, if you have pocket aces and no draw post flop against a player that has just one pair and 3 other cards, the odds are almost even? Aces are good in situations where you can get most of your stack in, heads up, pre flop. In these situations you will most likely be up against KK or AKJT type hands, which is exactly what you want.

The next reccomendations is, don’t pay off river bets when draws get there, no matter how strong you were prior to that river hitting, the guy is going to have it 8 times out of 10 and the bets are usually big enough to never be profitable over time. Key to PLO, let your decent, big hands go.

On to deal making, man this is another long post, sorry, lol!! When it comes to deal making you have to factor in a lot of things. We made a deal 5 handed last night, first place would have paid, over $1500 and 5th place was under $500, that is a big spread. Not to mention first place was $1550 and 2nd place was $980. In this situation, if I can lock up close to 2nd place money, this deal should be made every time. I may have been the favorite to win last night but PLO comes down to a lot of flips and luck so it’s not as easy as saying I should get 2nd place everytime in these spots. I would have almost guaranteed that I would have come 3rd so taking almost $200 more than 3rd place money and $40 less than 2nd place money was value for me. Don’t let your ego get in the way here, poker is about variance and locking money down, vs taking chances, it’s the smart thing to do. Anytime you can get in to top 3 range in tournaments, that’s where you want to be!!

Deep run & what do you do with QQ in this spot

Posted by: Greg  :  Category: My Results, Poker Tips

Hey,

Well, after a nice Easter long weekend spent in Disneyland, I flew back in to town yesterday and played the daily double tourneys last night on Full Tilt. I went out of one early on but I was able to build a nice stack in the other one when this hand came up.

Average stack was about $26K, my stack was $20K, re raiser had $30K and first all in had $45K. So I raise AA up in 1st position to $3675, blinds were 700/1400 I think. 3rd position re raises to just over $12K, leaving himself with $18K behind, next position ships, I call and the re raiser calls, quickly. The hands, my AA, re raiser QQ and first all in, KK.

So what do you do with QQ there, I know for me, I can easily fold QQ here. Perhaps earlier in the tourneys, I may not because people can get a little crazy on occassion but when blinds are big, deeper in any multi, there is no way one of the all in guys don’t have AA or KK here. The re raiser still had half of average which is a playable stack, for the times you are good here but still in a flip against AK, it’s never profitable to call, IMO. I did win the hand, which threw me right in to the mix in this tourney, with about 100 people left.

I proceeded to build my stack up to over $100K, calling smaller stacks all ins with AQ or better, or pocket 88’s or better. I stayed above average until we got down to about 27 people, picking my spots well and grinding, lots of folding.

We got down to about 15 people, I fell below average but was able to get doubled up in a couple very good spots, my AK vs AJ, my 86 clubs vs 87 spades, after a 963, two club flop. I made the final table in about 6th spot out of 9 left, fell to the short stack with 8 people left. From there it was mostly all in poker, I got it in good three of four times, holding each time and grinded down to 4 players, where I ended up being extremely short, we played 4 handed for a lot of hands, until I finally shipped QT in the small blind in to KT, for about 7 big blinds, when blinds were 12K/24K. I didn’t get there and busted in 4th, which I was quite happy with.

Hopefully this means a good run is coming and I could sure use it as I’m sure everyone could!!

My Intro

Posted by: Greg  :  Category: My Results, Poker Tips

Well I would like to thank Justin for the introduction. I’m really looking forward to actually documenting some of my thoughts and looking forward to useful feedback. As mentioned I have had some nice scores and great experiences over the last year that I will be sharing with you, including two trips to Vegas where I played in a couple of WSOP events and also watched a large amount of the WSOP Main Event final table. Today, I’m going to introduce myself and share all this with you, in the future I plan to break down a lot of my thoughts on making money online, playing sit n go and multi table tournaments. Read more…

“But I’ve Invested So Much Already”…So?

Posted by: Fundy  :  Category: Poker Tips

There is a very common mistake people make at the poker table and it’s thinking the money they’ve already invested in a pot matters in their decision making on later streets.  You’ll hear something like, “Well I’ve already put in so much.  I have to call now.”  This couldn’t be further from the truth and flawed thinking like this will only cost you even more money. Read more…

Bankroll Management

Posted by: Fundy  :  Category: Poker Tips

I was reading through some older Bluff Magazine articles and I came across a great one on bankroll management and requirements for moving up in levels.   I tried to follow these standards even before I read the article and I wanted to share some of the key points with you.  When talking in earlier posts about the requirements I use, I guess I was a little vague.  I had said that when I have 10x the big buy in, I will move up a level.  This is true but there are other factors involved besides just having the right amount to move up.  You want to be able to accurately assess whether your game is good enough to move up.  Maybe you went on a serious heater with great cards and a few suckouts thrown in to warrant you thinking about moving up.  Read more…

5 Top Poker Myths

Posted by: Fundy  :  Category: Poker Tips

There are a lot of misconceptions or myths when it comes to the game of poker.  I’m going to list some of the popular ones and why they just aren’t true

Online Poker is Rigged

This one actually makes me laugh the most.  It’s really amazing how many people actually believe that online poker is rigged.  They take a really bad beat and automatically it’s because the online site is out to get them.  “This never happens live”, and “This site is so ridiculous” are amongst the many things you’ll see in the chat box when the bad beat happens.  For the record it does happen live and it has nothing to do with the site.  The truth is, it only SEEMS like there are more bad beats online.  This is because there are more hands being played per hour.  There’s no shuffling, no waiting for chips to be pushed to someone, cards being brought together to be shuffled, cards are dealt much faster, etc.  Typically there are double the amount of hands being played per hour online than in a live game.  We also have very selective memories.  Think about it.  Which hands are we likely to remember?  The time we had AA and our hands held up like it’s “supposed to” or the time  someone called our raise with K 7 suited, rivered the flush and cracked our aces?  We are also less likely to remember the times we did it to others.  Instead of blaming the site for being rigged, maybe we should examine our own play.  Ask yourself, “Did I give the other player the correct odds to call for his flush?  Should I have bet the flop instead of checking it?”  Go over your own play before thinking that the site is rigged. Read more…

Poker Tells

Posted by: Fundy  :  Category: Poker Tips

I wrote an earlier post about online poker tells and had forgotten I was going to write one about live tells as well.  There are a number of common tells and I’m going to go over a few of them.  Note though, that if you witness some of these tells, it doesn’t ALWAYS mean the same thing.  These are just some of what you’ll see at the table but keep in mind that a tell can also be anything a player does to give away the strength or weakness of their hand.  If you notice something a player did in a situation where he got caught bluffing, and you see him doing it again, that’s a tell.  That, and the ones I’m about to list below are more reasons as to why you should ALWAYS pay attention at the poker table. Read more…

Poker Book Reviews

Posted by: Fundy  :  Category: Poker Tips

In today’s poker world there are many tools out there to help one become a better player. There are blogs like this one, video tutorials, poker camps, and many many books.  I want to talk about and give my review of some of the books that got me started on No Limit Texas Hold Em.  My actual  introduction to the game came late one night on ESPN Classics.  They were showing the World Series of Poker Main Event final table in which Russ Hamilton won.  This was before hole cams were invented so it left you trying to guess what they had.  It was sort of boring at first until Hamilton made a straight flush.  I watched intently how the game was dealt, about the blinds, and all that and tried to introduce it to my friends in our weekly poker game.  They weren’t interested after a few rounds of playing.  They wanted to go back to the standard dealer chooses.  So that meant more of High Chicago, Follow the Queen, and Guts. We called it Balls though. Just sounded better to us. Read more…

My Online Poker Update

Posted by: Fundy  :  Category: My Results, Poker Tips

It’s been a couple weeks since I’ve updated my online poker progress.  I believe last time I wrote, my account was slipping a fair bit and it pretty much continued for the last week or so.  I starting reading back on some of my posts and I discovered that I wasn’t really taking a lot of my own advice.  For example, minimizing distractions.  One night I was losing a little bit playing a cash game and at the same time I was flipping back and forth between the World Series, a Toronto Raptors basketball game, and a Toronto Maple Leafs game.  At the same time as that, I was writing rough drafts for my blog, looking for ways to get more readers, etc. etc.  What I WASN’T doing was focusing on the poker and I think it showed.  Read more…

Bluffing: Tell the Right Story

Posted by: Fundy  :  Category: Poker Tips

Contrary to some beliefs, bluffing is not what winning poker is all about.  Some people think you have to be bluffing all the time in order to get paid off with bigger hands later.  That’s sort of backwards thinking if you ask me.  We’ve all seen major bluffs pulled off on TV and let’s be honest.  It does feel better to earn a pot with a bluff than being dealt pocket aces and having them hold up.  The reality is, while bluffing is a key element in being a winning player , it’s not THE essential element. There’s actually a lot more mistakes happening with people not giving up on their bluffs and a major mistake can be the “I have to bet to win” mentality.

I was playing online at PokerStars recently, just a nickel/dime table when the following hand came up.  Read more…

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