E-GamblingCity.com Poker Tactics
Here I'd like to explain the basic theory of a good Poker player; so that you can see exactly how and why this works and why it should be profitable in the long term to play Texas Hold'em.
There is of course an underlying skill factor that determines the overall profitability of this; but the principles of it all are extremely simple and effective in their own right, these principles connected with a good reading od the Top 10 common mistakes will give you a winning player!. These simple banking strategies and set of rules will help you out a whole heap all by themselves (not necessarily with helping you play better poker as such; but the improved money management alone will save you a LOT of money!).
I've already had feedback from a few members saying how they have employed these strategies and simple rules; seeing some quite good results too along the way!
So take a read of how this works; and by all means try it out for yourself to see the concepts in action... If you're an average to good poker player; then you'll probably do well. And even if you're not such a strong player; you should at least be able to see the purpose behind these concepts; even if you're not entirely profitable yourselves. And in both cases; once you can see the principles working for yourselves; you'll also see the potential power behind them when applied by a professional poker player.
This concept is all about maximizing the benefits of "good luck" and "good play" while minimizing the effects/damages of "emotion", "bad days", "bad luck" and "bad play" to give you the best possible stance and position to play poker from to give you the utmost opportunity to take home a profit at the end of the week/year! (Individual days aren't important; its the long term sustainable and repeatable results we're looking for)
This concept however is not going to guarantee you a profit; no, not at all.. But it will give you the very best opportunity from which to firstly make a profit at poker (namely by not losing so much in the first place) and secondly to then maintain that profit; by safeguarding the majority of your winnings against future loss.
This sounds all very complicated; buts surprisingly NOT... It does all of the above - in 2 very simple sentences.
Here are the basic points:
2.) We take 200$ to the poker tables each day.
3.) We take ALL of that 200$ to a single poker table (2$/4$ No Limit Table).
4.) We then play the "best" poker we can to make the most money we can.
** Upon making a 10% or more profit at the table we've entered; we leave the table, banking the profits, to then re-enter another table of the same limit with the initial 5% hedge amount again. (eg. If we enter with $200, once thats up to $200 or more; we leave, bank the $20, then enter the table again with $200)
** Repeating that process until fatigue sets in and we're bored of playing or one of the top 10 common mistakes occurs! Or... We've made a sufficient profit for that day. Or... We lose the 200$ that we took to the tables.
IN THE EVENT OF LOSING THAT 200$... NO FURTHER PLAY IS MADE THAT DAY. LOSING THE 200$ SIGNIFIES THE END OF THAT WORKING DAY.
(If you have made some partial profits that day already, before losing the 200$ amount, then there is some discretion permitted in using ONLY that already made money that day; to continue trying to either reduce the loss or make it all back and turn it around into a profit again. its announced and its game over until tomorrow.
So that's our simple set of daily working practices which have all been designed and built around the following concepts explained below.
THEORY:
1.) Rakeback System
The rakeback system allows you to receive back a % of the Poker Room earnings. An example: if Pitbull Poker offers a 35% Rakeback means that for every $ he earns send 0.30$ back to you. Request here you rakeback link.
2.) Once you start becoming profitable; you make 10-50% or however much profit; you soon get to the stage where you CANNOT lose all/more than that profit in any single days play... This protects you from blowing 2 weeks of good poker play, hard work and lots of winning - on one bad day. Whatever causes that bad day/bad play/ bad luck is irrelevant; the fact is; your winning days are done; and now on your losing day - you CANNOT LOSE EVERYTHING. Only one small piece. (Think of it as climbing; every few feet up the face of the wall; you attach yourself to the rock, so if you fall; you only fall a short way; and not all the way to the bottom; losing all the progress you've made).
3.) Taking the ENTIRE 200$ to ONE table.
Probably, firstly you would try and play "sensibly" each day; by splitting your money into a few segments / pieces.. and playing poker the best you could. (With the theory; that ONE loss wouldn't wipe us out for the entire day). In some respects this worked; one loss didn't wipe us out for the whole day; instead 2 or 3 did... HOWEVER.. This had a major short coming; in that if you did REALLY WELL at that one table; and doubled your money; because you were only using a small piece of your money; the profit that would make would actually be very small... instead of doubling your whole 200$; you'd double half or it, or a quarter of it... So doubling your money at poker; would in reality; give you a 1 or 2% return and not a 5% or more return.
You might argue that because you didn't lose everything in any single hand... Then it was safer; you would lose less etc... Perhaps. Although this isn't entirely correct... BECAUSE, when you lost one amount / one piece; you would then have to risk another entire piece (probably the remainder of that) for the sole purpose of recovering that first chunk that you lost. You're now risking money for no other purpose than making back a previous loss [which ultimately is going to be a sure loser overall]... Occasionally; that would work; you'd get your money back... perhaps even get it back + a little bit more. But in practice; that really wasn't enough; as sure sometimes you'd save yourself; but in return for risking all that money; you've made a next to nothing profit.
So its like taking 5steps forward and then jumping 6back on ONE SINGLE DAY... We're losing money because profitable days are of less value than that of the FEW loss days we did incur.
So that was the simple problem; not that we were losing more than we were winning. Just that ONE loss was losing more than 5 Wins.
Now we strong suggest you to take all 200$ to one table; if we double that up on one good hand; we've made a good return right there and then (thats the same amount as a single loss day). (In conjunction with the next concept); this then makes our profitable days much more valuable than previously - and boosts them AT LEAST right up to, if not above on many occasions, that of loss days.
Even if there are slightly more loss days than the previous system (which in practice there actually aren't... [this is due to the reason why you normally lose at poker; its not bad luck - I'll tell you that for free; its because you're having a bad day and making bad choices -- and as such, you might lose one hand for whatever reason; and that sets of a chain of events that will keep you losing; so essentially; with the old system, once you lost one segment, you'd lose the rest shortly after - and it was more of a rare event that you'd turn it around -- and then even if you did, you didn't really have a lot to show for it other than not losing)... Whereas now... We're making heaps of money when we don't lose (on profitable days); and if we are playing badly that day its all summed up real quickly, done and dusted...
Again; very simple. Win more than you lose = profitable.
This setup tips the balance into the profitable side of things' court!
4.) 10% Table Banking
This concept is basically to take advantage of any "free money" that comes our way.. So without even committing to winning a big hand; if we "steal a few blinds", "buy a dead/cheap pot" or win a small and insignificant hand... That money is banked.
So without even taking any real risk - as per those involved with winning BIG hands (where you essentially double up or die with or without odds in your favour) - we are taking the odd bits of money that come our way essentially for free and banking those at no particular risk to the capital itself.
Also; with regards to the sheer statistics involved in a lot of poker situations; there is essentially always a chance that you can lose - even with the perhaps better initial hand / or in an event where you're software-statistically favorite to win... And as such; removing previously won money from that risk; means you don't end up losing money you already took risks towards making.
ie. If you're a short stack (which is never a good idea)... you might win 3X in a row, more than tripling your initial buy-in to the table... But if you then get into a situation where you're all in again against a big / regular sized stack... in the event that you lose that hand... you not only perhaps lose a hand that you were favourite to win - but you ALSO lose money that you've just won from the previous 3won hands... So all of a sudden - those 3 Risks You've taken to win money; have all been for nothing. And now you've lost everything.
(In this scenario.. if you're 3:1favourite to win every time you go all in... and you get called 4X in a row by the big stack; even though you will win 3X and he will win 1X.. the one time he does win - he'll win ALL your money -- including the 3 times you just won - making him ultimately profitable and you not.
So you not only lost your principal amount in that scenario; but you lost previously made profits too..
Thats basically the reason behind the 10% table banking: Reduce risk
Accumulate small profits again and again until they become big profits.
(Also as we're taking everything to one table and essentially only have one chance per day; this make things a little bit safer all around; reducing the loss if it does happen; and not forcing us to win big hands in order to pay returns - as typically big hands are more risky than little ones!).
Conclusion:
So that's basically that! For those of you that have read through all of the above; I hope I've explained it sufficiently enough for you to get some understanding of what you can do to have a stable profit. And if you give those 3 simple concepts a try sometime please get back to us with your results and feedback. Perhaps you'll be able to explain what i've set out to say somewhat more efficiently than how we've tried to do it!