Mindset
You hear a lot about "thinking like a poker player." Now, we’re not big
fans of cliches, but this one really does hit the mark: poker requires a
certain system of thinking which too many beginners simply don't comprehend.
It's easy to get off track during a game of poker. This section is designed
to help you eliminate those distractions and concentrate solely on the
things you SHOULD be contemplating-like the four key poker skills.
4 ESSENTIAL SKILLS
Professional poker players are often characterized as "tight" or
"aggressive." In other words, poker sharks don't normally play many hands,
but when they play at all, they play with a killer-instinct.
While "tight" and "aggressive" are good designations of poker pros, they’re
not very useful to a novice. How does a beginner become "tight" and
"aggressive"?
In more basic terms, we believe that most important thing a poker player can
do is to learn, practice and ultimately continue developing four critical
skill areas: MATH SKILLS, DISCIPLINE,
PSYCHOLOGY, and
RISK vs. REWARD
MANAGEMENT. Below is an outline of these crucial poker concepts.
#1. MATH
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Any good poker player will know general percentages. But, what are they?
Well, they’re any odds you can memorize about the game of poker that will
save you time when all eyes are on you. For example, you have about a 1 in 8
chance of hitting a set when you hold a pocket pair. You also have about a
33% chance of completing a flush draw at the flop. The number of general
percentages that can help you out in a game of poker are practically
endless, so it's a good idea to focus on the most crucial numbers. The more
you practice, the more you'll be able to remember.
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Successful poker players always know their outs, too. Outs, if you don’t
already know, are the un-dealt cards that will improve your hand. You should
always know how many cards could potentially help you, and it's not a bad
idea to consider outs in terms of a percentage, either. To roughly calculate
your odds, count your outs, multiply them by two, add two, and the answer
will show you your chances in percentage terms (# of outs) x (2) + (2) =
APPROXIMATE PERCENTAGE OF HITTING. Try to commit this to memory.
Pot odds are also incredibly important and go hand-in-hand with outs. Outs
don’t mean a thing unless they're converted into smart betting (i.e. the
kind that considers the financial return of the decisions you make).
#2. DISCIPLINE
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Solid poker players demand an advantage. What distinguishes a winning
player from a fish is that a fish doesn't expect to win, while a skillful
player does. A fish is happy playing other casino games as well; he or she
just hopes to get lucky. A poker player doesn't ‘hope’ to get lucky - on the
contrary, he ‘hopes’ that others DON'T get lucky.
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Good poker players realize that each game requires different levels of
discipline. A disciplined no-limit player can be a foolish limit player, or
the other way around. Usually, a disciplined limit player is very tight at
the pre-flop stage. He will not play too many hands, just those with high
winning potential.
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However, a disciplined no-limit player is not like this. This player is
less concerned with playing too many blinds; instead, he doesn't want to get
trapped. The main difference between a disciplined limit and no-limit player
is that the limit player avoids letting his stack take a hit bit by bit,
while a disciplined no-limit player avoids losing his whole stack in one
fell swoop. Therefore, a disciplined no-limit player can play a lot of
hands. Pre-flop, he can be as loose as anyone. But, he also knows when to
toss hands that will get him in trouble.
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Probably the most important fact to remember is that a disciplined player
knows when to “hold’em and when to fold’em”. He or she recognizes when
they’re on tilt and aware when the game is too lucrative to stop. This kind
of knowledge will arrive eventually so until then, just follow your
instincts. If it feels like you're playing more with your emotion than with
your head, it's a good idea take a break and re-organize.
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Disciplined poker players realize they're not perfect. When they make a
mistake, they learns. They don’t blame others. They don’t cry. They learn
from the mistake and move on. There’s not much better advice than that.
#3. PSYCHOLOGY
There's a lot of info regarding poker psychology and we're not going to go
too "in depth" here. We would like, however, to share some sound advice. The
main thing to remember is that the OTHER PLAYERS in poker are just as
important as you are. In other words, poker catches many people off-guard
because they're thinking about themselves too often; evaluating decisions,
approach, etc. While those things are important (see the DISCIPLINE section
above), you still have to devote an equal amount of time and thought to
what’s going on elsewhere at the table.
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A good poker player is not a self-centered player. He may be the biggest
S.O.B. you've ever come across and he may only care about himself when he's
not playing poker. But when he IS playing poker, his philosophy should
change. He'll start to empathize with his opponents. He'll try to put
himself in their shoes and try to understand the decisions they're
contemplating.
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A good poker player must always try to answer three important questions:
#1. What’s my opponent have?
#2. What’s my opponent think I have?
#3. What’s my opponent think that I think he has?
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You want to first know the answers to these questions and then know how to
manipulate the answers to your advantage (more important). If you have a
pair of kings and your opponent has a pair of aces, and you both know what
the other has and you both know that each of you knows what the other has,
why play a game of poker? A poker pro will manipulate the situation with
several different techniques in order to throw off his opponent. You'd
better get used to the idea of mixing things up; sometimes it's the only,
and best, way to go.
One key note: good psychology is much more important in a no-limit game than
in a limit game and it's vital that you realize that. While limit games can
frequently turn into math battles, no-limit games carry a strong
psychological element, and beginner players should know what they're getting
into when they play no-limit.
#4. RISK vs. REWARD MGMT
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While risk and reward management might seem like an obvious skill for you
to have - both in daily life as well as poker - gambling likes to bring out
sides of ourselves that we usually don’t witness; as we sometimes play with
more passion that reason. You should always try and strike a compromise
between the two, and never allow things to get out of control. Good poker
players should be willing to take a big risk if the reward is high enough,
but ONLY if the expected return is higher than the risk. Playing poker is a
kind of balancing act, and awesome poker players are the ones who can
balance things with the most skill.
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More importantly, you should understand that the risk-versus-reward nature
of poker does extend outside of the actual poker room. Always keep track of
how much money you need for poker and how much money you need to cover other
expenses in life - we shouldn’t have to tell you which one is more
important.
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Fundamentally, good poker players are slightly averse to risks, even if
that may come as a surprise to many. In investment terms, a person is
identified as risk-neutral, risk-averse or risk-accepting all depending on
what that person does with available funds. Over time, you'll find that the
most successful poker players are not the ones who bet their whole wad on a
long-shot (risk-accepting), or even the ones who bet their whole roll once
in a blue moon (risk-neutral). Successful poker players, instead, are the
ones who take calculated risks only, and who always keep in mind the "big
picture."
Sticking to this kind of example is much better for you than going for the
whole pot all the time. Even if you're initially successful at taking big
risks, your recklessness will catch up with you eventually.
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