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How Much Luck? How Much Skill?

ben-roberts-01 Ben Roberts
Full Tilt Pro

If you’ve ever sat at a poker table, you’ve invariably heard the questions asked in the title of this article. While all serious players believe poker is a game of skill, they don’t always agree on how skilful a game it really is. Some people believe the skill to luck ratio falls at somewhere around 70% – 30%, while others argue that the ratio is closer to 90% – 10%. If you ask me, however, I’ll tell you something you won’t hear from almost anybody else. Poker is 100% skilful.

Now, I know many of you are already skeptical about how I can make this kind of claim. What about bad beats? Or the times you’re out-drawn on the river? How can I not figure these kinds of situations into my thinking? The fact is, I already have. Variance is part of poker and it would be highly unusual if bad beats didn’t occasionally happen or if two-outers didn’t sometimes hit on the river, as this would defy the laws of probability. The fact is, these kinds of events should have less of an impact on your overall results the more you play.

If you only play a few hands or a few hours of poker at a time, luck will undoubtedly play a bigger factor in your results than if you play regularly. For example, let’s look at a player who puts in eight hours a day, five days a week, for 50 weeks per year, which is equivalent to 2,000 hours at the table. Assuming this is a solid, smart player who doesn’t vary his or her stakes throughout the course of the year, I believe their talent will outweigh the effect of luck to ensure that they produce positive results year after year. That’s not to say this player won’t run into the occasional rough patch or have losing sessions, but by sticking to their game plan, these occasional down-turns shouldn’t adversely affect their bottom line.

In effect, all players get paid for every good decision that they make and penalized for their bad ones. By continuously making high-quality decisions over the course of so many hours, skilful players should make more good decisions than bad, and see their bankrolls grow as a result. I have done this for more than 33 years, and know many other professional players who have produced similar results for many years. What this shows me is that, over the long haul, luck is not only insignificant when it comes to your results – it’s non-existent.

It takes a true professional to look at poker in this way, and I fully expect that many people will disagree with my conclusions. You can find a chat archive here where this topic was discussed.

Ben Roberts
Full Tilt Pro


Breaking Out of Your Comfort Zone

ben-roberts-01 Ben Roberts
Full Tilt Pro

Many beginner poker players naturally gravitate toward a level of game where they feel most comfortable. The reasons for their choice may vary, but often include the size of their starting bankroll, and the amount of money they feel comfortable wagering in a particular hand or throughout a session.

This is perfectly normal and reasonable. One of the things that separate truly profitable players from winning players, however, is their willingness to step out of their comfort zone and explore higher limit games.

After a few hundred hours of play, many people can determine whether or not they are beating their regular games. For those players who are showing a profit, there are some for whom taking home an extra $100 or $200 per week is perfectly acceptable. They’re mainly playing for fun and the winnings are a nice benefit. For others, however, poker may be a steady source of income, and boosting their bottom line could significantly affect their lives away from the table.

One of the smartest things these players can do is to stretch their games and play at higher limits. With proper planning, and the right approach, the rewards can be immeasurable. To that end, I have some suggestions for players who are thinking about taking their game to the next level.

First and most important, make sure you have the bankroll to sustain yourself at a higher level. If you take a shot and lose, you shouldn’t have to worry about rebuilding your bankroll from scratch. A good recommendation is to stockpile enough money so that you can comfortably afford between eight and 10 buy-ins before you have to retreat to a smaller game.

This leads to my second piece of advice, which is not to let a few losing sessions affect your attitude or impair your judgment. I’m not saying that losing doesn’t sting and that tilt doesn’t happen. They do. But, players who successfully move up the ladder understand that not every session will be a winning one, and that by constantly analyzing their games – and those of their opponents’ – they’ll be able to make adjustments that will help them succeed.

When moving up the poker ladder, you’ll inevitably encounter players with more experience and skill than you possess. Recognizing these players and learning from them is one of the smartest moves you can make. Conversely, letting your ego and pride get in the way of observing these players can lead you to keep investing money in a losing situation and, eventually, affect your overall performance and excitement toward the game.

Remember, successful people fail more often than unsuccessful people. Successful people try new things, fall down, pick themselves up, and try again. So, if your first attempt to move up to a higher stakes game falls short of your expectations, don’t despair. Look at your play and the play of your opponents, regroup, and try again. The experience will be worth it.

Ben Roberts
Full Tilt Pro


Winning Poker – It’s About More Than Money

ben-roberts-01 Ben Roberts
Full Tilt Pro

New players who want to be good students of the game often ask me for advice. In response, I often tell them about emotional stability, which I touched on in my last tip. The next point I’d like to make is that they need to be careful when assessing their own play. That’s because there are a couple of common mistakes new players make that lead them to draw faulty conclusions about the strength of their play.

After playing for a short period of time, say 100 hours, a player starts to develop an opinion about his or her play. They might think they’re playing very well or very poorly, but this conclusion might be far from the truth. The problem is that, in the short term, anything can happen. A player may get very lucky or unlucky and show results that are either far higher or lower than they could ever expect in the long-term. However, over a longer period – say 300 hours or more – a player is going to get a much more accurate view of their ability to beat the game.

So what does this mean for you? In short, I recommend that you keep an eye on your long-term results no matter if you’re in the midst of a hot streak or a cold one. While taking the long view will help you more accurately assess your play, it can’t help you avoid every pitfall along the way.

For example, assume that I’ve played the following games of No-Limit Hold ‘em and have managed the following debts and profits:

Game: $1/$2
Hours: 200
Profit/Loss: -$2,000

Game: $2/$4
Hours: 200
Profit/Loss: -$4,000

Game: $25/50
Hours: 30
Profit/Loss: +$36,000

At first glance, it looks like I’m dong pretty well, right? I’ve make a handsome profit of $30,000. Look deeper though and you’ll see that I wouldn’t want to quit my day job because, in fact, I’m doing quite poorly.

To better understand what I mean, don’t think about the actual dollar figures involved but, instead, think of each small blind as a unit. So, in a $1/$2 game, each unit is 1 and in a $25/$50 game each unit is 25.

How have I done in terms of units won and lost? I’ve lost 2,000 units in the $1/$2 game, 2,000 units in the $2/$4 game and won 1,440 units in the $25/$50 game. Total everything up and you’ll see that after 430 hours of play, I’ve lost 2,560 units. This is bad news.

As you keep records of your sessions, be sure to record the size of the game you’re playing and number of units you’ve won or lost. At the start of your poker career, put more emphasis on units won or lost than on your total profit. It’s a more accurate gauge as to whether you’re playing winning poker.

Ben Roberts
Full Tilt Pro


On Cavemen and Poker Players

ben-roberts-01 Ben Roberts
Full Tilt Pro

There are four possible outcomes for any session of poker. You might win a little, lose a little, win a lot, or lose a lot. Most of us react differently to the different outcomes. When we win big, we’re elated; when we lose big we’re upset. Think back to some recent bad beats. Do you recall feeling a rush of adrenaline and an overwhelming sense of rage? If you haven’t encountered this, you’re lucky; most players have.

I believe that reactions at the poker table are so strong because the game taps into a very primal portion of our brains. In poker, we’re fighting for something we view as critical – money. In these days of relative safety and comfort, our battles at the poker table are as close as we get to the life-and-death struggles that our ancient ancestors encountered. Eons ago, the adrenaline served a purpose – it triggered a response critical to survival. Without thought or reason, ancient man knew two things: Fight or flee. The quick surge of panic and anger kept the species alive.

At the poker table, however, the same response serves no useful purpose. You can’t beat the dealer over the head with a rock. Screaming in panic and running from the room isn’t a great idea either. So most of us just steam – we tilt. With no outlet for the excess chemicals, we sit at the table, angry, while our judgment becomes clouded. Maybe we blast off some money or run a ridiculous bluff as a way to relieve the pressure.

The thing is, you need to overcome these instinctual reactions if you’re going to become a consistent winner at poker. It’s not easy to control the instinctual part of your brain, but it’s something that you can work on every time you play poker. Endeavor to leave each session in the same emotional state. If you win big, keep yourself from getting too excited. Remind yourself that this is just one session that has gone well, and that another is bound to go poorly. Reverse the argument after a big loss.

I believe that if you commit to engaging the thinking, reasoning portion of your brain at every opportunity you can, in time, overcome the primal reactions. It isn’t easy. Some players with incredible mastery of the game are long-term losers because they can’t get a handle on their emotions.

Embrace the challenge of evening your emotional responses. It may be the most important thing you can do to improve your poker results.

Ben Roberts
Full Tilt Pro