Poker Help – Poker Tips – Poker Strategy

Howard Lederer
Team Full Tilt

In split-pot games, beginners are often cautioned against playing hands that have them drawing to half the pot. But in Seven-Card Stud Hi/Lo, a situation sometimes arises where drawing with a modest chance at the whole pot and an even smaller chance at half the pot is clearly the correct play.

Say you’re playing eight-handed, $4/$8 Stud Hi/Lo, with a $1 ante and a $1 low card bring in. You’re dealt 2s-5d-5c and, with the low card showing, you bring it in for $1. It’s folded to a player showing a King, who completes to $4. Everyone else folds; you call and head to Fourth Street.

Both you and your opponent pick up a 7. He bets $4 and you call. On Fifth Street, you pick up a Jack and he gets a 4. You have [2s]-[5d]-5c-7h-Jc and your opponent shows [x]-[x]-Kd-7s-4c. At this point, you’re pretty convinced that your opponent has a pair of Kings. You look at your hand and see that you don’t have much, a low pair and three to a low. You might be tempted to fold if your opponent bets, but that would be a mistake.

The action so far has already created a significant pot. There’s $8 in antes, and another $16 from the betting on Third and Fourth Streets. You’ll need to call bets of $8 on Fifth and Sixth Street to try to make your hand, so it will cost you $16. If you manage to make two pair and it holds up, you’d win about $50. That’s a pretty good price.

The odds here are so compelling that even if you were playing Seven-Card Stud Hi only, you’d have to consider calling your opponent down. You’d have a 30 percent chance of cracking the Kings, which isn’t quite enough to justify calling against an over-pair. However, if there was a chance that your opponent was bluffing, then calling would be okay.

However, Stud-Hi/Lo gives you an additional way of getting money out of the pot. You’ll go runner-runner to a low often enough so that your pot equity increases to about 37 percent. Those odds are way too good to consider folding.

Stud-Hi/Lo is a complex game that presents players with decisions that they’re not going to encounter in Hold ‘em or in any other high-only game. If you’re looking to improve your Stud-Hi/Lo game, play some hands online, and then try running some computer simulations to see if you’re making the best mathematical decisions.

Howard Lederer
Team Full Tilt

Howard Lederer
Team Full Tilt

In 2006, Full Tilt Poker launched Cap Games – a version of our Pot- and No-Limit games in which no player can commit more than 30 big blinds to any pot. The biggest cash games in the world, the ones that Jennifer Harman and Phil Ivey play in, use a cap when they play No-Limit Hold ‘em or Pot-Limit Omaha, and we thought you’d enjoy the experience as well.

For this tip, I am going to discuss some of the advantages of Cap Games over traditional big-bet poker, then I’m going to cover some strategic points that should help you when you first sit into a Cap Game. For even more information on Cap Game strategies, you can read my Pro Chat transcript.

Advantages of Cap Games

Most players reach a point where they grow uncomfortable with the thought of risking all the money they have on the table in a single hand. For example, say that a player in a $.50/$1 No-Limit game has done well and has built his stack from $50 to $300. He’s certainly happy with that turn of events but, if there’s another big stack at the table, he may be unwilling to stay at the table for fear of losing a very large sum on a difficult hand. In a Cap Game, however, this player can keep his seat, knowing that he can’t lose more than $30 on any single hand.

When a cap is in place, there tends to be a lot of action. Players open up their games when they know their losses will be limited and will commit for the cap on hands they might be more cautious with in a standard No-Limit game. So Cap Games can be action packed and a lot of fun.

Cap Game Strategy

For the most part, Cap Games play just like other big-bet games. But there will be some key pots where you can use the cap to your advantage. You’ll be able to take some shots at pots that you probably wouldn’t take in deep-stack games.

In particular, Cap Games offer great semi-bluffing opportunities. For example, say that you’re in a $1/$2 No-Limit Hold ‘em Cap Game and a player opens for a $6 raise. You think he’s weak and decide to re-raise to $20 with the 9c-Tc. The blinds fold and the raiser calls. The flop comes 2c-6c-Js. He checks to you and you decide to bet about the size of the pot – $40 – with your flush draw.

With this bet and the pre-flop action, you’ve reached the cap; you can’t commit any more money to the pot. That makes this flop bet a pure semi-bluff. There’s a good chance that you’ll force a fold and, if you don’t, you’ve still got about a 1 in 3 chance of hitting your flush on the next two cards. In a standard No-Limit game, however, this play could go very badly. You could be check-raised or called. If called, you could face a large bet on the turn after missing your flush. Either way, you might be forced to fold without having the opportunity to hit your hand.

Also in Cap Games, you can play some medium-strength hands more aggressively than you would in a traditional No-Limit game. For instance, you might be reluctant to commit 100 big blinds on a middle pocket pair, even if you felt your opponent was playing overcards and missed the flop. But in a Cap Game, you might play for the maximum on something like pocket 9s if you feel it is, in fact, the best hand.

In addition, there are more opportunities for slow-playing in Cap Games. Say that you hit a set of 5s when the flop comes 5d-7d-9c. You could be up against some sort of draw here and, in a standard No-Limit game, you’d probably want to bet so that you didn’t risk letting a flush get there for free. But in a Cap Game, you might give the free card. The draw will probably play for the cap no matter what you do, and if an opponent had overcards and missed the flop, he’d only commit money if he connects with the board on the turn.

In general, you don’t need to be so concerned about super-fine reads or making big laydowns in Cap Games. If you think there’s a reasonable chance you’re ahead, you can play for the cap without putting an excessive amount at risk.

Give our Cap Games a shot. I think you’ll enjoy the more open style of play that accompanies these games. They really are a lot of fun.

Howard Lederer
Team Full Tilt

Howard Lederer
Team Full Tilt

You’ve probably heard the standard reason to avoid slow playing: It’s dangerous, because when you slow play, you give an opponent a chance to make a bigger hand at a minimal cost. This is absolutely true. But there’s another reason to play your big hands fast, and this one isn’t talked about as frequently. A slow play can give an opponent a chance to get away from a hand more cheaply than he would have had you played it fast from the start. Consider the following example.

You’re in late position in a No-Limit Hold ‘em ring game. A player raises in early position. You look at your cards, see pocket 8s, and decide to call. The flop is absolutely perfect: Qh 8h 2d. You’ve hit your set and, with the Queen out there, chances are your opponent has something – maybe A-Q, maybe pocket Kings or Aces. He bets the flop.

Many players will just call in this spot, hoping to get their opponent to bet on the turn. But a raise is usually the better play. If you just call, you risk seeing a heart on the turn. I don’t think you need to be especially worried about the flush beating your set. You might get your set beat by a flush draw even if you raise. However, you do need to be concerned about the effect the third heart will have on your opponent. He very well might suspect that you were on the flush draw and he’d no longer be willing to commit a lot of money to the hand, even if he has Aces.

In fact, any King, Jack, 10, 9 or a card that pairs the board is likely to give your opponent pause. If he bets on the turn and you raise, you’re signaling that the turn card helped you. In effect, you’re saying that you liked the flop enough to call and the turn improved your hand in some way. You’re announcing that you can beat one pair.

So the flop very well may be the only time when your opponent is willing to make a stand with a single pair. If he bets the flop of Qh 8h 2d and you raise, he’s likely to think that you’re semi-bluffing — raising on a flush draw. At that point, he might feel compelled to protect his hand with large re-raise or perhaps an all in. When this happens, you’ll take down a monster pot.

It’s OK when a flop raise doesn’t get you the result you want. You might scare off someone holding pocket Jacks or Ace-King, but you wouldn’t make a lot of money off these hands anyway. And, if you’re up against Ah-Jh, you may lose a big pot to a flush. But that’s OK, because you’ll have gotten your money in with the best hand.

Of course, there are some occasions where slow playing is the best choice. If you flop quads or something like Queens full, you’ll want to give an opponent a chance to make some kind of hand on the turn or river. But frequently, the best option is to play fast on the flop. It may be your only chance to win a big pot with a big hand.

Howard Lederer
Team Full Tilt

Howard Lederer
Team Full Tilt

In the middle and later stages of tournaments, there are often times when you’re forced to make a pretty big commitment on a relatively weak holding. These are uncomfortable spots because you never want to risk a large percentage of your chips with a mediocre hand. Things get even more difficult when you’re playing from the blinds and out of position.

For example, say you’re playing late in a tournament. The blinds are $500 and $1,000, and there’s a $100 ante. You’re in the small blind with $18,000. It’s folded around to the button, an aggressive player who raises frequently in late position. He has $30,000 in his stack and he raises to $3,500. You look at your cards and see Ad-9s.

You know that A-9 isn’t a great hand, but you can’t ignore it in this situation. First off, given your opponent’s history, he may very well be raising with a hand that is far worse than yours. In fact, in this spot, he could very well have two rags. Another consideration is that there are a lot of chips in play. Between the blinds, antes, and your opponent’s raise, you stand to pick up over $5,000 in chips if you can take down this pot, which would be a nice addition to your short stack.

So, you’re probably going to want to play this hand. But what’s the best action?

At first, it might seem that calling is a reasonable course, as it would keep you from getting overly committed on this marginal hand. But calling has some pretty big downsides. With a hand like A-9, you’re usually not going to like the flop very much. In fact, you’ll fail to make as much as a pair about two-thirds of the time. If you do flop a pair of 9s, how are you going to proceed if the flop also has an over card? Even on an Ace-high flop, you’ll have a tough time knowing if your hand is good.

What’s more, if you miss the flop completely, you leave yourself vulnerable to being outplayed. It’s going to be very hard to bet if the flop contains three cards that don’t help your hand. If you check, your opponent will likely make a continuation bet, and you’ll be hard-pressed to continue, even though Ace-high might be good.

In spots like this, your best move is to press an edge while you have it – before the flop. Re-raise all-in pre-flop. Your opponent probably won’t have a hand that he can call with and, if he does, you’ll have plenty of outs. You still have about a 25% chance against AK, for example. Not good, but not dead.

The important thing to keep in mind is that, in the later stages of a tournament, you don’t want to make many decisions after the flop when you have a medium-strength hand like Ace-middle kicker or middle pocket pair, and you’re playing out of position. Put your chips in while you think you have the best of it, and hope for the best. If you let these marginal but good situations pass you by, you might regret it later when your stack has been whittled down even further.

Howard Lederer
Team Full Tilt

Howard Lederer
Team Full Tilt

Many of the people crowding the tournament circuit these days developed their interest in serious poker from watching broadcasts of the World Poker Tour and the World Series of Poker. With hole cards shown as the hands are played out, viewers get to see how the best players in the world ply their craft. They can then apply the lessons they’ve learned in their own play.

In the last couple of years, I’ve noticed that some of the less experienced players who have entered $10,000 buy-in tournaments don’t fully appreciate what they’ve seen on TV. Many are apt to misapply the techniques they’ve witnessed. As a result, these players find themselves on the rail early, wondering why a move that worked so well for Phil Ivey or Chris Ferguson had such disastrous results for them.

To avoid falling into this trap yourself, take note of two key pieces of information the next time you sit down to watch the WPT or WSOP: The number of players at the table and the stack sizes relative to the blinds.

World Poker Tour final-table broadcasts start when six players remain. Through the vast majority of tournaments, however, tables are nine or 10-handed. When 10 people are at the table, you always need to be concerned that someone holds a big pocket pair or Ace-King. As a result, most good players tend to be cautious at full tables. They won’t get themselves in a lot of trouble with speculative hands like a middle pocket pair or Ace-10. At a short-handed table, however, the chances of running into a big hand are greatly diminished. When play is three- or four-handed, a pro will likely play a hand like pocket 9s very aggressively.

Usually, in the late stages of tournaments, the blinds are extremely high when compared to the size of the stacks. For example, in the recent WPT event from the Gold Strike in Tunica, when four players remained, the average stack had about 1.4 Million in chips. This may sound like a lot but, at that time, the blinds were 30,000 and 60,000 with a 10,000 ante. The short stacks, who had less than 1 Million each, couldn’t afford to be patient. If they failed to play for a mere 20 hands, their stacks would be cut in half.

As blinds increase, good players get more aggressive, making frequent pre-flop raises while attempting to steal the blinds and antes. They know that if they sit and wait for top-quality hands, the blinds and antes will decimate their stacks. At these stages of tournaments, you’ll see a lot of attempted steals with second-rate hands. Other good players, fully aware that their opponents may be raising with very little, might re-raise or fight back from the blinds with similarly modest holdings.

Short tables and high blinds create settings that necessitate near constant aggression and continual action. So, for example, when you see a pro re-raise all-in from the blinds with pocket 7s, it’s likely he’s properly considered the situation and has made the best available play. He’s thought about the short table and high blinds, determined that he probably has the best hand and, most importantly, that his opponent likely can’t call the re-raise. The same player would treat the same hand very differently at an earlier stage of the tournament.

The final factor to consider when watching televised poker is that the shows are highly edited. At this year’s WSOP, it sometimes took 15 hours and hundreds of hands to determine a winner. On ESPN, they usually include about 20 hands in an hour-long broadcast. So, you can be sure that much of the context if missing from these telecasts. A call or re-raise that seemed odd on TV may have made perfect sense in the course of the event. For instance, if an aggressive player raised eight consecutive times on the button, the big blind may have decided that he had to fight back with rags, just to let his opponent know that he was willing to take a stand. It’s not a play that person would normally make, and it may look strange on TV but, in context, the re-raise with 8-high made perfect sense.

I suggest that you TiVo the next poker event you plan to watch. Keep track of the number of players and the size of the blinds. By paying attention to the details, the big picture will likely become clearer.

Howard Lederer
Team Full Tilt

Howard Lederer
Team Full Tilt

The recent poker explosion on TV and the Internet has created a flood of new players who are serious about developing their game. Sadly for them, television is sending a skewed message. No-Limit Hold ‘em is the game of choice when the game is shown on TV, and it’s easy to think there is only one game out there. While no one would argue that No-Limit makes for the most exciting television, there are many dangers associated with playing only one game.

First, you run the risk of getting bored, and boredom will lead to a stunting of your poker development. Enthusiasm is a critical ingredient for a successful poker career. When I spend time around the best poker players in the world, the one thing that they all share is a genuine love and passion for the game.

Next, you might be missing your true poker calling. As it happens, my best game isn’t No-Limit Hold ‘em – it’s Limit Hold ‘em. Had I not tried playing limit, I would never have found the game I am best at.

There are reasons why all the biggest casinos in the world feature multiple games. Stop by the big game at the Bellagio in Las Vegas and you’re liable to see No-Limit and Limit, with games ranging from Seven-Card Stud to Deuce-to-Seven Draw. The best players in the world simply love to play poker. To deny themselves the pleasure of playing some of the best forms of the game would be unthinkable. They also know that if they play just one game, the specialists in a particular game (who are not nearly as good overall poker players) would be able to sit at their game and win. If you want to climb to the top of the poker world, you better become a great poker generalist. If you insist on limiting yourself to one game, you’ll never make it.

Even if your ultimate goal is to become an accomplished No-Limit Hold ‘em player, I encourage you to at least play a lot of Limit Hold ‘em. Too many No-Limit specialists get by with almost no post-flop skills. To get good at limit Hold ‘em, you will be forced get more comfortable playing after the flop. Getting free cards on fourth street and making close value bets on fifth street are just two of the skills you’ll be working on. And those skills are transferable. Developing these skills in limit Hold ‘em will allow you to play your hands with all your options available. And your No-Limit results will improve dramatically.

Playing the other games will develop skills that will simply make you a better poker player. Skills that have subtle value in No-Limit Hold ‘em are very important in the other games. Acquiring these skills will have profound effects on your No-Limit game, even though you might not even be aware of their importance now.

Playing Seven-Card Stud will definitely teach you the value of free cards. It is a fundamental skill necessary to succeed at the game. In Pot-Limit Omaha you will learn the power of position and the power of the semi-bluff. Seven-Card Stud 8/Better is a game where you need to learn how to narrow the field at the right time. The number of players in a pot can make a hand go from a fold to a raise. Razz? Well, if nothing else, it will teach you how important patience can be when things aren’t going well.

The world of poker has a lot more to offer than No-Limit Hold ‘em. And if you start to explore that world, I am confident you will enjoy the game more. Getting good at each game will take time, so start out small and read what you can. Have fun; a new world awaits.

Howard Lederer
Team Full Tilt

Howard Lederer
Team Full Tilt

Why Sunglasses and Headphones Aren’t For Me

I know this newsletter is being written for an Online Poker site, but I hope that most of you still find time to play live poker. As much as I love Online Poker, I would never completely give up sitting at a table and getting the chance to size up an opponent. This week’s lesson will examine why I think it is a mistake to wear headphones or sunglasses during live play.

Poker is a game of information. You give information to your opponents, and they give information to you. Most of that information is in the form of betting patterns, which is why Online Poker is such a great form of the game. All of the betting information is right there for you to use while playing a hand. But when you play live, there is a small amount of additional information that is given off through physical tells and audio cues. I am a very visual player, and am blessed with good eyesight. I wear contacts, and with them, my vision is 20/15. I constantly use my eyes to take in every nuance of what’s going on around me at the table. If I wore sunglasses, much of that information would be lost to me. I am confident that the information I take in with my eyes far exceeds what I give away.

If you currently employ sunglasses when you play, I would encourage you to try playing without them. Yeah, you look cool in them. Maybe. But, if you try playing without them while staying committed to taking in as much visual information as possible, you might find that not only are you doing better, the game is suddenly more interesting as well.

I reserve special scorn for the rampant use of headphones in poker tournaments. They slow down the action and, on the whole, I believe they hurt the people who use them. When a player throws a single, large chip into the pot, he usually announces ‘raise’ or ‘call’. But all the guys at the table wearing headphones can’t hear the call. Invariably, they have to take off their headphones and ask the dealer what the bet is. It is annoying when the action comes to a grinding halt to clarify something that anyone without headphones already knows. Also, poker is a social game. It would make me sad if poker someday becomes a game where nine people are sitting at a table listening to music, and no one is talking to one another.

Also, there are some valuable things you can pick up on simply by paying attention to the conversation around the table. You can sometimes tell when someone is over his head just by listening to him talk. In a recent tournament, I won a very large pot as we were nearing the last few tables because I heard someone speaking a few minutes earlier.

It was the Bellagio $15K WPT poker tournament. The blinds were $4K-$8K and I was in the big blind. A player who’d been playing very tight so far opened the pot from an early position for $25K. The small blind called and I looked down at 9-9. I often re-raise with this hand, but this seemed like a good time to just call. The flop was 8s 5s 3c. The small blind checked and, with about $275K in front of me and $100K in the pot, I continued playing cautiously and checked. The opener checked, too. The turn was (8s 5s 3c) 6c and the small blind checked. I felt like I must have the best hand, so I bet $50K. I was very surprised when the original opener raised all-in for a total of $175K. The small blind folded and now I had a big $125K decision to make. If I call and win, I have $550K and am in great shape. If I call and lose I’m in real trouble.

I didn’t think he had a big hand, but it didn’t seem like a very good bluffing situation either. The board looked really dangerous. Plus, I hadn’t seen this player get out of line at all. But then I remembered a comment he had made to his neighbor about ten minutes earlier. He had hardly played a hand for about an hour, and said to the guy next him that his cards had been so bad, it would have been just as well if he had stayed in his room after the last break. Remembering that comment, I felt there was a good chance that he was frustrated. With that factored in, I made the call. He turned over the Kd-Qd, and with a 2 on the river, I won a key hand that put me in great shape in a big tournament. If I had been listening to music, I don’t think I could have made the call.

Poker is a game of information. Sunglasses might keep some information from getting out, but they stop more from coming in. Headphones simply give you fewer opportunities to gain valuable information about other players. These are handicaps I am not willing to spot my opponents.

Howard Lederer
Team Full Tilt

Howard Lederer
Team Full Tilt

The Sit & Go (SNG) is Online Poker‘s great gift to the aspiring tournament player. Prior to the SNG, final table experience was hard to come by. You could enter a dozen multi-table tournaments and never find yourself at a final table. Or you could make one or two, only to get knocked out in 8th or 9th place. Adapting to an ever-diminishing number of players at a single table is a crucial skill in tournament poker, and it’s a hard experience to find offline without investing a lot of time and money. Online, this experience is a mouse-click away. The SNG’s advantages are many. For starters, it’s low-cost, or even free. It’s also fun, and convenient: You don’t need to schedule it — a SNG starts every time the table fills up — and it’s usually over in less than an hour. It’s the flight simulator of final table play, and mastering it should be considered mandatory homework for the serious student.

Now that you know why you should play, let’s look at how:

The most obvious difference between a SNG and a multi-table tournament is that when someone goes broke in a SNG, there isn’t someone waiting to fill their spot. Multi-table play consists mostly of full-table, ring game poker. But as players get eliminated from a SNG, the table gets shorter- and shorter-handed. This reduction in players basically serves to

artificially raise the antes. For instance, say you’re playing five-handed and the blinds are 100-200: You’re paying 300 in blinds for every five hands, or 60 per hand. As soon as someone gets knocked out, you’re four-handed. Now you’re paying 75 per hand — a 25% increase — despite the fact that the blinds have remained the same. Accordingly, you’re forced to gamble more, or risk getting blinded out.

Since the size of the blinds relative to your stack size should always play a major role in your hand selection, I recommend starting out with pretty conservative starting hand requirements. This serves two functions: First, the blinds dictate that you play fairly tight early; the blinds are small and you are nine-handed, so they don’t come around as often. Second, this helps you establish a tight image, which you hope will pay off later when the blinds are high and you might really need a timely ante steal.

But there’s another not-so-obvious reason to play tighter earlier and looser later: The payout structure rewards tight play. Most SNG’s pay 50% to first, 30% to second, and 20% to third. This payout structure dictates that you play for third. Why? Looking at the payout structure another way might help. Basically, the payout means that 60% gets awarded once you’re down to three players, 20% gets awarded when you get down to two players, and the final 20% gets awarded to the winner. If you can just get to third, you get at least one-third of 60% of the prize pool, or 20%. You’ve locked up a profit, and you have a chance to win up to 30% more. It’s only now that you’re in the top three that your strategy should take an abrupt turn. Now it pays to gamble for the win. Let’s look at the numbers again: 60% of the prize pool is off the table, and moving up one spot is worth only another 10%. But move up just one more spot and it’s worth a whopping 30% extra — that’s three times more for first than it is for second. And with the blinds going up, gambling for the win is even more clearly the correct play.

I see many players employ a nearly opposite strategy. They figure they have nothing to lose, so they go for the quick double-up early. They take chances too soon when, in their view, there’s “nothing on the line”. Then, once they’re in the money, they tighten up, thinking about that extra payout for moving up a spot. If you start to rethink your SNG approach and adopt a “slow early, fast late” strategy, you’ll see an almost immediate improvement in your results.

Best of luck and see you at the tables,

Howard Lederer
Team Full Tilt