Poker: How you can get started, succeed, and many myths and facts

[DeletedUser394]

Re: Poker: How you can get started, succeed, and many myths and f

Yo Snowbank,

I'm trying to find that graph to post as a reply but I only have the $1 to $500 one handy. So here it is. Funny how this looks like a technical analysis chart with resistance at $500. Once I finally broke through, the graph when up quickly. Maybe I can use TA to predict my upswings! Maybe poker is like stocks in more ways than one. :smug2:

I love that graph......what tracking software are you using?

 

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[biophase]

Re: Poker: How you can get started, succeed, and many myths and f

That graph was made with pokergrapher with data from pokertracker.

 

[cmartin371]

Re: Poker: How you can get started, succeed, and many myths and f

Haven't had a chance to write up a part 3 because I've been crazy busy. I'd be interested to see how people are progressing if anyone's trying to learn it though. Any questions just ask them in here and I'll respond.

I have been averaging 500-1000 hands per week. Like before I am not focused on money just trying to learn good poker. I am still playing a tight range of preflop hands like I mentioned in a previous post. But if anyone is interested I started with 100.00 and playing .02/.04 tables I am up to 118.00. I will admit that post flop I am very weak and for me this will take the longest to grasp. Keep it coming guys. I love this thread.

Chris

 

[20art]

Re: Poker: How you can get started, succeed, and many myths and f

so I guess I will sign up to play online poker when I turn 18 yrs old.
I have played with play money on myspace and got pretty good at it.

 

[biophase]

Re: Poker: How you can get started, succeed, and many myths and f

but I'm having a lot of problems playing low pairs out of position, either in the blinds or UTG, UTG+1, and was wondering what your strategy is in handling these situations. Also you how would do act when someone has raised in front of you 3-4x the blind?

I'll try to elaborate on Bill's answer. Like he said, you are playing low pairs in hopes of hit a set on the flop. At your level, it should mostly be hit a set or give up.

I raise all pocket pairs from any position if I'm the first to open a hand. So even being dealt 22 or 33 UTG, I raise. I will call a raise with a PP (even in the blinds) as long as the person who raised has a decent stack behind him. A general rule of thumb is for that person to have at least 10x what you need to call. If I hit my set I generally go for the check raise if I called a raise PF.

 

[cmartin371]

Re: Poker: How you can get started, succeed, and many myths and f

I'll try to elaborate on Bill's answer. Like he said, you are playing low pairs in hopes of hit a set on the flop. At your level, it should mostly be hit a set or give up.

I raise all pocket pairs from any position if I'm the first to open a hand. So even being dealt 22 or 33 UTG, I raise. I will call a raise with a PP (even in the blinds) as long as the person who raised has a decent stack behind him. A general rule of thumb is for that person to have at least 10x what you need to call. If I hit my set I generally go for the check raise if I called a raise PF.

Thanks Bio!

 

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[snowbank]

Re: Poker: How you can get started, succeed, and many myths and f

A general rule I use for myself is for the person to have around 20x behind what is needed to call.(and obviously this changes based on a lot of other factors) Sometimes players won't have a hand to be able to stack off to you with, sometimes you'll get set over setted, a lot of times you won't hit your set, etc... For super small stakes, I'd say somewhere around 12; maybe a bit higher would be good. The reason the amount needed behind goes up as stakes go up, is normally the players are not going to stack off as light to you if you hit your set. So for example if a player is really bad, and they don't raise much, you can call with them not having as much behind as someone who's loose, and good, since they're not going to stack off as light, where the bad player who barely raises has a big hand, and will stack off when you hit.

I'll try to elaborate on Bill's answer. Like he said, you are playing low pairs in hopes of hit a set on the flop. At your level, it should mostly be hit a set or give up.

I raise all pocket pairs from any position if I'm the first to open a hand. So even being dealt 22 or 33 UTG, I raise. I will call a raise with a PP (even in the blinds) as long as the person who raised has a decent stack behind him. A general rule of thumb is for that person to have at least 10x what you need to call. If I hit my set I generally go for the check raise if I called a raise PF.

 

[Tyorke]

Re: Poker: How you can get started, succeed, and many myths and f

Snowbank,

Do you think if someone dedicated 10-20 hours a week to learning to play they could be making $5k/mo within 6-8 months?

Or does it take most people a few years + to be hitting those numbers?

I'm not trying to ask "is it possible" because obviously it is, but how realistic it may be...does that make sense?

 

[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

I played online last night with play money. Was given a $5,000 starting pot and was at a no limit table where the ante was $25 a hand. Played consistently for 2 hours and was down to about $2,000 at one point, but ended at $8,347 so I think it was a good session.

Granted, I just played on instincts and had no idea what I was really doing.

 

[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

Looking forward to part 3!!

 

[snowbank]

Re: Poker: How you can get started, succeed, and many myths and f

Snowbank,

Do you think if someone dedicated 10-20 hours a week to learning to play they could be making $5k/mo within 6-8 months?

Or does it take most people a few years + to be hitting those numbers?

I'm not trying to ask "is it possible" because obviously it is, but how realistic it may be...does that make sense?

I got this same question from someone through PM. I'll copy/paste what I wrote to them:

Short answer: easy.

longer answer: most people give up before they reach that point because they go into it thinking it's just some fun game that if they play for X amount of time they'll expect to make Y amount of money. It doesn't work like that, and is just like any other business where you have to put in work to get results. If someone actually did dedicate themselves and kept at it despite the swings of the game, $5k/month should be no problem. I know some people who pick up the game from scratch and are making $10k+/month within 2 months.(obviously those are very good results though and shouldn't be expected) All depends on how quick the person picks it up, how hard they work, how much capital they want to invest in it, how much time they dedicate, etc...

 

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[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

Maybe I missed this earlier...but what kind of poker are you playing? Texas Hold em?

 

[cmartin371]

Re: Poker: How you can get started, succeed, and many myths and f

Maybe I missed this earlier...but what kind of poker are you playing? Texas Hold em?

Make sure you read the thread and part 1 and 2. The answer to your question is here. But to get you started he said his game is NL Hold Em 6 max......

 

[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

Snowbank,

Did you set limits on yourself when you first started playing for money? Something like, "I'll come to this table with $10, I'll leave once I've won $5 or lose the $10."

Is that how you build up your bankroll? Predetermined win and loss stops?

 

[20art]

Re: Poker: How you can get started, succeed, and many myths and f

can I play, say, using my mom to sign up?

 

[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

Yo Snowbank,

I'm trying to find that graph to post as a reply but I only have the $1 to $500 one handy. So here it is. Funny how this looks like a technical analysis chart with resistance at $500. Once I finally broke through, the graph when up quickly. Maybe I can use TA to predict my upswings! Maybe poker is like stocks in more ways than one. :smug2:

Snowbank / Bio,

Is there somewhere to locate a graph like this to help my tracks hands vs winnings? Or is this something you guys make yourselves?

I'm already playing a lot of hands and realize I need some better tracking methods...

Thanks.

 

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[danald75]

Re: Poker: How you can get started, succeed, and many myths and f

Hello friends
This is Daniel KC Smart.
Can any one please show me a group of Good and experienced traders that can manage some mini accounts and trade for someone, and get the investor a profit receiving account
to receive his profits?

 

[PokerRich]

Re: Poker: How you can get started, succeed, and many myths and f

Snowbank,

Did you set limits on yourself when you first started playing for money? Something like, "I'll come to this table with $10, I'll leave once I've won $5 or lose the $10."

Is that how you build up your bankroll? Predetermined win and loss stops?

The general consensus among poker players for your first question is that you shouldn't have stop wins or stop losses for your session. You should use the playing conditions as your guide to keep playing. If the table is good (there are bad players) and you are playing well (not tired or angry or bored) then you should continue to play. Try to think of your poker career as one long session, not a series of small sessions.

Most players build their bankroll with buy-in requirements. They will move up to a new limit when they have xx buy-ins. This number is very player specific. Since I play professionally, play 24 tables at a time and have a high risk aversion I like to play with 100 buy-ins at a level. Ex. I play 2-4NL ($400 buy-in no limit) with $40,000 in my poker bankroll. However, I am an extreme example of conservative bankroll requirements. 20 buy-ins is probably a good number to use until you figure out if you want to be more aggressive or more conservative. With 20 buy-ins you would move up to .10-.25 when you have $500.

 

[PokerRich]

Re: Poker: How you can get started, succeed, and many myths and f

can I play, say, using my mom to sign up?

This is a dangerous question. Obviously, you need to have her permission as when you cash out you will need to fax in drivers license and other info to prove you are her. There are many high profile internet players who have had a ton of money confiscated by poker sites for being found to have played underage. There's also a reason why people under the age of 18 aren't allowed to gamble. I would wait until you are 18 or just get started at the play money tables.

 

[PokerRich]

Re: Poker: How you can get started, succeed, and many myths and f

Snowbank / Bio,

Is there somewhere to locate a graph like this to help my tracks hands vs winnings? Or is this something you guys make yourselves?

I'm already playing a lot of hands and realize I need some better tracking methods...

Thanks.

PokerTracker - Online Poker Tracking & Analysis Software Tool or :: HOLD'EM MANAGER ::. Either pt3 or HEM would be fine although HEM offers a small stakes discount which probably makes it a better deal right now. I recently switched from pt3 to HEM and like HEM better but that is personal preference. If you are serious about poker, you should buy one of these programs as soon as you can.

 

[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

PokerTracker - Online Poker Tracking & Analysis Software Tool or :: HOLD'EM MANAGER ::. Either pt3 or HEM would be fine although HEM offers a small stakes discount which probably makes it a better deal right now. I recently switched from pt3 to HEM and like HEM better but that is personal preference. If you are serious about poker, you should buy one of these programs as soon as you can.

Thanks Poker Rich!

 

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[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

The general consensus among poker players for your first question is that you shouldn't have stop wins or stop losses for your session. You should use the playing conditions as your guide to keep playing. If the table is good (there are bad players) and you are playing well (not tired or angry or bored) then you should continue to play. Try to think of your poker career as one long session, not a series of small sessions.

Most players build their bankroll with buy-in requirements. They will move up to a new limit when they have xx buy-ins. This number is very player specific. Since I play professionally, play 24 tables at a time and have a high risk aversion I like to play with 100 buy-ins at a level. Ex. I play 2-4NL ($400 buy-in no limit) with $40,000 in my poker bankroll. However, I am an extreme example of conservative bankroll requirements. 20 buy-ins is probably a good number to use until you figure out if you want to be more aggressive or more conservative. With 20 buy-ins you would move up to .10-.25 when you have $500.

This is great advice. Thanks for sharing! rep speed ++

 

[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

Most players build their bankroll with buy-in requirements. They will move up to a new limit when they have xx buy-ins. This number is very player specific. Since I play professionally, play 24 tables at a time and have a high risk aversion I like to play with 100 buy-ins at a level. Ex. I play 2-4NL ($400 buy-in no limit) with $40,000 in my poker bankroll. However, I am an extreme example of conservative bankroll requirements. 20 buy-ins is probably a good number to use until you figure out if you want to be more aggressive or more conservative. With 20 buy-ins you would move up to .10-.25 when you have $500.

Is this based on the min or max buy-in at a table? (i.e. I play at .02/.04 right now. The min buy-in is $2.40, the max is $4.00. Should I have $72 of bankroll (2.40 x 30) or $120 (30 x $4)??? Thanks!

 

[20art]

Re: Poker: How you can get started, succeed, and many myths and f

This is a dangerous question. Obviously, you need to have her permission as when you cash out you will need to fax in drivers license and other info to prove you are her. There are many high profile internet players who have had a ton of money confiscated by poker sites for being found to have played underage. There's also a reason why people under the age of 18 aren't allowed to gamble. I would wait until you are 18 or just get started at the play money tables.

thanks PokerRich.
Yea I'll just wait, oh and the Nevada casinos want to make it legal for 18 yr olds.

 

[PokerRich]

Re: Poker: How you can get started, succeed, and many myths and f

Is this based on the min or max buy-in at a table? (i.e. I play at .02/.04 right now. The min buy-in is $2.40, the max is $4.00. Should I have $72 of bankroll (2.40 x 30) or $120 (30 x $4)??? Thanks!

Assuming you feel like you are one of the better players at the table, you should buy-in for the maximum amount. You always want to be able to extract maximum value from the bad players. So when you calculate your bankroll requirements I would use the max buy-ins ($80 for 20 BI's at 4NL).

 

[Jill]

Re: Poker: How you can get started, succeed, and many myths and f

I'm still playing the "play money" tables, which I find a little frustrating, because I don't think people really try to play "good" poker. But in any event, my question is pertaining to the loose aggressive player who will raise 100x bb pf, and everyone else calls. It's frustrating when you're trying to learn to play right, and the loose cannons play this way because you end up folding to them or sitting out most of the time. They don't care because when they lose big, they just go to the cashier and get more chips.

Would you get up and leave the table? Or is there something I can learn from this for reference at a real cash table?

 

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[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

I'm still playing the "play money" tables, which I find a little frustrating, because I don't think people really try to play "good" poker. But in any event, my question is pertaining to the loose aggressive player who will raise 100x bb pf, and everyone else calls. Would you get up and leave the table? It's frustrating when you're trying to learn to play right, and the loose cannons play this way because you end up folding to them or sitting out most of the time. They don't care because when they lose big, they just go to the cashier and get more chips.

Would you get up and leave the table? Or is there something I can learn from this for reference at a real cash table?

Jill,

First off, please take my advice with a grain of salt because I'm just learning and have only been playing about a month so I may be giving the wrong advice.

I'm currently playing at the Hold 'Em NL 6-max 0.02/0.04 with a $4 buy in on real money tables on Cake Poker and I see what you describe a lot. People raise and call on almost every hand. At first, I played along and got in once and a while, but often lost post-flop because I wasn't confident in my hand.

I used to hate these tables and usually left tables that were so loose. But then I decided to stay one day and just change my game and play VERY, VERY tight. And by tight I mean I think I was seeing the flop about 10% of the time max. I folded 90 out of every 100 hands. I only called or raised really, really strong hands and then played very aggressive with them. I played Jacks or higher pairs and AK - AJ. Rarely would I play other hands, even from the button. The loose players never caught on that I only played good hands only, which is a nice bonus.

Guess what happened? I began winning 8 out of the 10 hands I played and with so many loose players at the tables, the pots were huge. One week I played about 200 hands a day and doubled my money at least 1 time a session. I made something like $20 that week and playing at .02/.04 that's not bad.

Granted, it is a little boring (I've since started playing 2 tables at a time because I fold so much), but the results seem to be good.

I'm not sure if my strategy is the best one (hopefully others will weigh in), but thought I'd let you know what's been working for me (it's still working 3 weeks later).

Best,
Sid23

 

[biophase]

Re: Poker: How you can get started, succeed, and many myths and f

What Sid23 described is correct. If the table is loose then you tighten up. On the play money tables when everyone is acting like a maniac you should be able to make alot of money. Making money can be boring, but the goal is to make money. If you're playing for fun then go ahead and play like the others.

As Sid23 said you would probably have to play more tables and if you are playing that tight 2 or 3 tables shouldn't be a problem.

 

[Sid23]

Re: Poker: How you can get started, succeed, and many myths and f

Jill, how's the game coming? Have you tried tightening up? How's it working?

Snowbank - looking forward to Part III!!!

 

[hakrjak]

Re: Poker: How you can get started, succeed, and many myths and f

Did you guys see the 60 minutes or 20/20 the other night about the online poker hackers who siphoned $20 million from the tables on a couple of services and got away with it?

Good stuff.

- Hakrjak