Special Bug Pages

Showing posts with label plo. Show all posts
Showing posts with label plo. Show all posts

Tuesday, July 28, 2015

Want to Win at Poker? Learn to be Afraid!

One of the best things I ever did for my Texas Hold'em game was to learn Pot Limit Omaha (PLO). The reason is that it taught me to be afraid--really, really afraid--of big river bets. Let me explain.


For a long period in my poker career/education, I refused to believe the other guy really had the big hand. No, that's not quite right. Rather, I refused to believe my own reads. I just had to see that the villain had the hand he was representing. I'd bet into the river with KK on a 9-8-7-5-2 two-tone board, but then would face a large re-shove for all my chips. There are lots of ways I could have been beaten here, and nowadays this is an easy fold, but back then I just couldn't pull the "muck trigger."

So I'd call. And then literally not be surprised when the villain turned over a straight, or a flush, or a set. Instead, I'd kick myself and mutter something like, "Damn it! I knew he had it! Why did I call!? When will I ever learn? Arghghg!"

For a long, long time, it seemed I was incapable of learning this particular lesson. But then one day I happened to overhear a discussion between a couple of players discussing a hand at a local tournament I occasionally play in. One guy was lamenting the fact that he had just called a big river shove because he thought the villain had been bluffing.

"The idiot turns over 5-4 for the wheel!" said the victim. "How the hell does he get to the river with that crap?"

"Doesn't matter," said the victim's friend. "He got there. And you called his bet. What did you put him on?"

"Well obviously the straight," the victim continued to whine. "But come one! Guy shoves and I can't believe it isn't a bluff. He's usually bluffing there, right? Repping the straight. Right?"

"Really?" the friend replied. "Just how often do you bluff the river for all your chips?"

"We're not talking about me," the victim said.

"Okay, but he bet big on the river," the friend said. "You clearly had a strong hand, and yet he still bets big. What does that say about his hand?"

"Dammit!"

"I rest my case," said the friend.

This conversation lodged itself in my brain like an ear worm. It kept playing itself over and over. The villain clearly had to know the hero had a strong hand, yet he shoved anyway. So what should that tell us about the villain's hands strength? Would I bluff in a situation like that when I thought my opponent had a big hand and wasn't likely to fold? Uh, no. I'm only betting with big hands, and only for value. So why would my opponent think any differently?

Like a cartoon bubble thought, a tiny 50 Watt "A-ha!" light began to flicker itself on over my head. How often do people actually bluff big on rivers? Answer: not very.

Yet I continued to call in those situations. Sigh. It was like I needed actual, physical proof that the bad guy actually had the monster hand, regardless of what his bet was telling me he had. I'm almost ashamed to admit it, but this continued to be a big leak in my game for way longer than it should have been. Who knows how many stacks I lost because I didn't believe those big river bets from the bad guys and wanted proof.

The good news is I started to learn. The bad news is that it was slow and costly. In fact, it actually took learning another type of poker to really absorb the lesson. See, I got interested in PLO around that time and quickly discovered that it was exactly as advertised: a game of the nuts. Holy crap, was PLO fun. But expensive. You don't last long playing PLO unless you embrace the idea of monsters.

See, it turns out that people very frequently have the nuts in Omaha. If there's river action on a board of 8-8-6-7-2, someone at least has trips, more likely a straight or a boat, and often enough they have quads. Yes, freaking quads. If you're going to play PLO, you better adjust your mindset PDQ, or you're gonna go broke even PDQ'er....

Ah, but I digress. All the villains turning over their nuts on me in PLO began to sink in. I learned that at the small stakes tables, people essentially never bluff in PLO on turns and rivers. As a collective whole, they're terrified of the nuts themselves, so they only get it in the middle when they think their hand is a stone-cold lock. Especially in multi-way pots. This means they have the nuts, or at least the near nuts. Said another way:

If a PLO villain is a-rammin'-and-a-jammin' the river, they've got a monster.

That's when the 50W bulb brightened to around 75W. Hey, I thought, maybe this is the same in Hold'em games. Hmmm. Well okay, maybe not to the same near-total extent, but for practical purposes, it's probably a good, conservative way to assume when facing big, for-all-the-marbles bets on fifth street. If I get bet large into on the river, maybe I should fold all but my strongest hands? Hmmm...

Serendipitously around that same time period in my poker education, I also heard a podcast episode by Bart Hanson in which he extolled the virtues of bet-folding and raise-folding rivers. His comment that "most players aren't capable of bluffing big on rivers" solidified this for me. I vowed to fold, bet-fold, and raise-fold all my medium strength and worse hands in river situations for the next month or so of play and see where it took me.

And the rest is history.  Profitable history, that is. And I ain't never looked back. In fact, I now have a 1000 Watt halogen bulb spotlighting all my river folds.

The bottom line is this: at the stakes most of us play ($50NL and below online, $2/$5 live), people are incapable of big bluffs on the later streets-- and this is truly a great thing. It literally makes winning poker easier. Bluffing is limited to almost exclusively the best players. And there ain't many of those guys playing at those stakes. In contrast, the rest of the player pool is dead easy to read. If they're not betting, they don't have big hands. If they are betting, they do-- and you should be afraid. Very afraid.

I rest my case.

All-in for now...
-Bug

Like this post? Hate it? Have a suggestion, addition, or comment to make? Think I'm wrong about something? Please comment below and/or send me an email. I read everything sent my way, and I honestly look forward to hearing all feedback, good or bad. This blog gets better with comments from informed and involved readers like yourself. Don't be shy! Tell me what you think!

Sunday, March 29, 2015

Time Flies

Been crazy busy with work, travel, and about a dozen non-poker project lately, so the posts here have be, ahem, sporadic at best. The next two months are going to be similarly crammed with non-poker time sinks, but I'm going to endeavor to at least post some poker olio on a more regular basis, starting today...

  • Read a neat post by Memphis Mojo today that helped re-inspire the posting. Check it out. 
  • Will almost certainly miss the WSOP again this year due to work commitments. Will be in Europe and/or Hawaii for most of May and June. I hate business travel and how it basically results in me putting my life on hold..
  • Le Monsieur and I are continuing to make slow but steady progress on the training app. In fact, we've got only a few lessons left in our first level-1 training set to produce, which means we'll next be looking for help coding up the app itself. We're also going to be asking for some feedback from poker enthusiasts, which means I'll be posting here on this blog for volunteers. More details will be forthcoming, but if you're at all interested drop me a line.
  • I'm only playing about 1-2 times a week, max, and then only 30 minutes or so per session. Very little NLHE; my focus has been on PLO, which has turned from a break-even proposition to a consistently (though moderately) profitable gig. Whilst NLHE has really gotten tougher over the past few years (due to Black Friday, etc.) the low-stakes PLO games are chock-full of, well, really bad players. There's some gold in them thar PLO hills, kids.
  • Lost a quads over quads hand the other day. Seriously.
  • I've canceled my subscription to Bart Hanson's podcast. The reason has nothing to do with his technical content, which remains REALLY good, imho. The reason instead is due to the fact that I rarely if ever have time to listen to him, and I've got about five months of back logged podcasts of his to listen to. Sigh.
  • Am doing a few coaching sessions with newbie students here and there, but my travel schedule is putting a crimp on that aspect of my game, too; it's hard to commit to a student when my week-to-week travel schedule is so fluid. For instance, I just got back from Hawaii, and am leaving for Colorado early this week. The following week will find me in Illinois, then back to Colorado. Did I mention I hate biz travel?

All-in for now...
-Bug






Monday, December 8, 2014

Omaha at the Micros


I haven't been playing much poker lately--work and home stuff have pretty much been consuming my waking hours--but the little I have played hasn't been Hold'em. Instead, I've been TAgging it up down at the microstakes ($0.02/$0.05) at the 6max Omaha tables on Bovada. And boy is it a hoot.

I literally isolated a couple of bucks in my online bankroll to see if I could build it up in Omaha. Because of the work Le Monsieur and I have been doing on the Hold'em lessons, I wanted to see if a beginner at Omaha could achieve the same types of results achievable in Hold'em by applying the same types of tactics and strategies-- modified of course for the vagaries (read: variance) of Omaha.

Specifically, I'm using all the types of things that work at Hold'em, but I'm doubling down on them at the Omaha tables. Chief among these tactics are, of course, position. Probably more than any other factor, playing positionally-aware in Omaha is the key to success. Got a hand like J-T-9-3 single suit in EP? Throw it away. Got it on the button and you're facing some limps? You're gonna come in, baby, and come in hard.

Pot control vs. position is also another key factor. Got Aces in the blinds and there are more than a couple of active players already in? Don't raise, as it's only going to bloat the pot in a situation where you're OOP, and will probably be called only by better on flops when you have to donk lead and/or check-call.

And tight-aggressive works just as well at PLO as it does in Hold'em.  As does REDi....

And so on.

See folks, poker is poker. It's about hand reading and exploiting edges. It's about encouraging your opponents to make mistakes-- while you minimize your own. It's about position. And reading board textures. And calculating equities. And folding. And folding some more. And then folding even more. And then hammering with balanced 3bet bluffs and value bets.

While PLO is wonderfully different than Hold'em, and Hold'em is wonderfully different than Stud, and Stud is wonderfully different than Razz.... they're all the same, too.  Poker be poker.

I've been telling Mr. Multi for years that he should learn Omaha, as I think it would help his Hold'em game. I suggest you do the same. What have you got to lose?

Oh, and did I mention it's a hoot to play, too?

All-in for now...
-Bug

Sunday, August 24, 2014

Close, but no cigar...

Got a wild hair yesterday and jumped into a large field pot limit Omaha tournament. Good patient play on my part, little bluffing except at the money bubble, careful picking of spots, selective aggression, etc... All-in-all, it took about six hours to make the final table...

...and then the wheels came off.

The good news is I was the chip leader by a factor of two over the next largest stack going into the final nine. The bad news is my internet connection decided that was the perfect time to crap out on me. I was dead in the water for about thirty minutes in total. My wife asked me later where I learned all those four letter words...

... Long painful story writ short: I reconnected in time to see myself blind out in fourth place. Talk about frustrating!  ARHGHGHGHGHG!


Very, very frustrating to come that close to what would have been my biggest online tournament win ever. Fourth place money wasn't bad, but first.... sigh.  Woulda, coulda, shoulda....

All-in for now...
-Bug

Saturday, June 14, 2014

Saturday's Sundries


Some olio for this Saturday:
  • PokerStove. A few posts ago, I implied that Pokerstove was dead (here). A few people have since corrected me. Turns out that one can evidently still find the program online, just not through the original website. I won't provide the links here, however, as I have no idea how safe those particular sites are; you're on your own if you want to download a third-party copy. Also, some folks have told me that if you already have a copy installed but it won't run because it's trying to update, you can trick 'Stove into continuing working by fiddling with the date and time settings on your computer. See the comments of my original post to read more about that particular option... 
  • MemphisMOJO. I'm still vicariously high from fellow blogger Dave "MemphisMOJO" Smith's deep run in the Seniors $1K event at the World Series of Poker (WSOP) in Vegas. Seriously, besides blogging about it, I must have told a dozen non-poker-playing friends this week about his feat. Wooot!
  • Full Tilt Poker. Holy miracle of miracles: my Full Tilt Remission is finally on its way. I received a formal email this past week that the money owed me would be transferred into my back account within 7-10 business days. About freaking time, US Government. FWIW, I plan to use the money to play in the upcoming Arizona State Poker Championship in August.
  • Monthly Tournament. I'm still smarting over forgetting to Look Left at a recent local tournament I played in. Argh. Mojo commented on my blog post that he calls this sort of behavior the "Execution Gap"; i.e., something you know you should be doing, but you don't for whatever reason. Argh.
  • Omaha. Should you play Ah7h4s7d under the gun in PLO? Unlike Texas Hold'em, there really isn't such a thing as a starting hand chart in Omaha-- way too many hands to fit on a chart. The other day, I did some digging and discovered an improvement to the old Capelleti point system for determining the playability of PLO hands. It's called the Hutchison approach, and while it's too complicated to go into herein my blog (click here if you really want to read more about it), I've played around with the system and it indeed seems to be the real deal. Anyway, per the Hutchison system, this particular suited Ace hand has just 19 "points," which means it has only an ~8% chance of winning hot-and-cold by the river. Said simply: it's a long-term negative-EV hand to play out of position (OOP). Without knowing anything else about your opponents tendencies, this means this is a pretty easy fold preflop.

-------------------Non Poker Stuff Below-----------------

  • Evernote. I'm still really really liking Evernote, which I switched to from MS OneNote a few weeks back. Yeah, I know: is there anything more boring than some zealot proselytizing at length about a new exercise obsession and its alleged results, or a new new life-changing religion, or how to get rid of head lice, or whatever? Well, hold on and prepare to be bored for a moment (or just skip this entry altogether; I won't mind). I've tried a few times in the past to make the switch to Evernote, but I never really figured out what all the hoopla was about. Now after a few weeks I "get it", and it's pretty awesome. No, it's not perfect, but it is significantly helping me get and stay organized at work. Besides just good note taking abilities and web page clipping and the like, the real benefit to me right now is how it integrates into my email inbox. As an engineering manager, my life at work is consumed with reading and replying to emails, teasing out action items, assigning them, and then following up on them with all the various employees that work for me. I end up with literally hundreds of emails per week that I'm chasing, a half-dozen lists of action items, reminder notes stuck to my computer monitor, etc.. Anyway, it turns out there's a cool way to use Evernote that helps streamline this whole process and essentially ensures I "touch" an email only once, but don't lose any action items I need to follow. I spent a few hours last Saturday watching a series of training videos and learning how to do all this, and--I can't actually believe this myself--I now actually have an empty email inbox for the first time in over a year. I'm really hopeful this is a magic bullet for me staying on top of all the action items and tasks I juggle daily and weekly...
  • Home Argh Stuff. I've been fighting  broken plumbing, ants, pack rats, and an intermittent electrical smell in the house this past week. Oh, the joys of home ownership....
All-in for now...
-Bug

Thursday, March 6, 2014

PLO Question


Here's one that's been rattling around in my still-jet lagged brain the last couple of days:

In a pot limit game like PLO, a villain can bet at most the size of the pot. This means that a potential caller is always offered at least 2:1 pot odds. In other words, one only needs 33% hand equity to call a pot sized bet.

Because equities run so close in PLO, this would seem to mean that calling is much more frequently the right play (especially in position) than it is in, say, NLHE, where the equities tend to be further apart.

In other words (and yes there are a lot of factors that go into the decision), calling would seem to be the default decision when facing a bet in PLO. In contrast, the opposite (i.e., folding) is generally the default in hold'em.

Yes, no, or ??

All-in for now...
-Bug

Saturday, February 22, 2014

4 starting cards are twice as much fun as 2 cards...


Been playing a fair bit of PLO cash sessions lately. Mostly $25 buy-ins, but I'm also dabbling (way) above my bankroll (for my skills) at $50 and $100. Had a pretty good session today, banking a solid $200 for about two hours of seat time. The variance is tough at times, but overall I'm feeling relatively good about my poker play...

....except it really isn't poker that I'm playing. The word "poker" would imply reading players, bluffing, and all the other REDi and meta-game stuff I'm so comfortable at in NLHE. Am I doing any of these things in PLO? Uh, no. Basically, I'm still just a beginning player, but I'm finding a lot of success by just letting other (bad) players make bigger mistakes than I am.

Yep, that's right. I'm playing just a "nut peddling" approach to the game. Playing very tight in the first few seats, waiting for big cards, and loosening up and trying to see flops in later position with more "bust'em" type hands. Occasionally, I limp-reraise big hands from up front, and very rarely I actually bluff at scary boards when heads up in position. But for the most part I'm just playing an entirely exploitable level-1 approach to the game. I'm waiting for cards and position, playing mostly fit or fold, chasing my monster draws, and varying my bet sizes based on hand strength. I'm making good money doing this, but only because the other players are actually far worse than I am...

... well, most of them. Occasionally I run into players who have tripled or quadrupled their starting stacks, and they seem to know what they're doing... but so many of the other players are, well, playing terribly. Bad starting hands, playing OOP, cold-calling raises with marginal hands, chasing with hands that are clearly beat, getting married to aces on wet boards, etc. I'm no PLO expert, but even I can see really fundamental and basic mistakes being made by more than half the fields I face.

It's fun and lucrative, even if it isn't real poker.

All-in for now...
-Bug

Tuesday, December 10, 2013

Omaha & Jet Lag


Here in Spain for a full week of factory testing-- which means mostly standing around for hours, waiting for technicians to complete setting up a test, then witnessing said test for about five minutes, recording the results, and then back to waiting. Hours of boredom, punctuated by minutes of, well, something only slightly better than boredom.

Jet lag is, as usual, rearing it's ugly head, often at ~2am for an hour or so. To fill the void, I've been reading (re-reading Guterson's Snow Falling on Cedars, plus slogging through Covey's The Seven Habits of Highly Effective People) and  of course playing some poker. My game of choice this week is $.10/$.25 Pot Limit Omaha on Bovada. The games are pretty soft, and I've found that playing a 95% Value + 5% Bluff approach, sprinkled with a liberal dose of Patience and Position, has netted me a fair bit of green.

PLO is not my area of expertise by any stretch of the imagination, but a significant fraction of the other players are bad enough that it doesn't really matter. I'm basically playing a Level-1.5 approach to the game: What are my cards? How scary is the board? Am I getting heat from another player? And so on... I.e., no need to get tricky when the other players are willing to stack off with bottom two pair and weaker. PLO is by nature a high variance game, but if you're willing to be super patient (read: fold a lot when in doubt) you can minimize the swings. Three nights in a row now I've cleared a couple hundred bucks by just playing my own cards in a me-scared fashion. Dunno if I should be proud or ashamed...

My wallet is happy tho...

All-in for now...
-Bug