The Moneymaker Effect & The Future of Poker in America

Since the famed “Moneymaker Effect” of 2003, action has picked up heavily in all forms of poker. Multi-table tournaments (MTT’s) have gained popularity due to the fact that a small initial investment can net you a large return on your investment if you make the final table, and go on to win the entire tournament. Read more of this post

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What Does The Future Hold For Online Poker in The United States of America?

Every since the fated day of April 15th, 2011, dubbed as “Black Friday”, there has been much speculation concerning the future of online poker in the United States of America. While many remain skeptical, I remain optimistic of future legalization due to a variety of different factors. The recent incident of Senator John McCain playing poker during a crucial debate over Syria has a little to do with that, but much more than meets the eye has been developing in the background. Will American poker players finally get what they deserve? A fair and regulated poker market for all to play and enjoy without the question of whether or not their bankrolls are “safe” in the online arena? Read more of this post

PokerStars Acquires Full Tilt Poker, Settles With Department of Justice

After rumors spread of PokerStars acquiring Full Tilt, a deal has finally been reached  that will see all Full Tilt players get their bankrolls back. The new deal will have Full Tilt Poker voluntarily forfeit all of their assets to the United States government. According to a press release from PokerStars, the U.S. government will then transfer all those assets to PokerStars, which will in turn pay out $547 million to the U.S. government over the next three years. Read more of this post

My Complete Poker Manifesto, Part IV: Starting Your Own Poker Business

poker graph chart

Running a successful poker business requires good record keeping.

Part III: A General Overview of Poker

When I was first introduced to poker back in my high school years, I played the game purely for fun. I played exclusively with just friends in live cash games and tournaments.

We would play $5-$20 tournaments on weekends and we weren’t really good players. We took the game seriously, but had no idea what it took to truly win at poker in the long-run.

I never knew that poker was offered online for real money, and I also never thought that within a few years, I would be playing the game for serious amounts of money through running my own poker business. Read more of this post

Traits of Above Average Poker Players

Tom Dwan: The Most Aggressive Poker Player on The Planet

90% of all poker players are long-term losers.

Only 10% of people who play poker are proven to be winners over the long term.

Why is this?

What separates this small percentage of players from the rest?

The answer is simple. They have studied and applied their game more than 90% of their competition.

When I first started playing poker, I belonged in that 90%. I knew how to play the game, and I knew what it took to win, but my wins weren’t sustainable long-term. I knew I would have to study and constantly adjust my game to get better.

It was a long process, but it was well worth the time and I have gained a lot of life lessons from becoming a better poker player.

In order to be a long-term winner, you will need to develop the following traits:

1. An ability to maintain attentional focus for long periods of a time.

2. An understanding of the deeply statistical nature of the game.

3. A sense of confidence and trust in your abilities

and most importantly:

4. A near RECKLESS disdain for money.

Money has no value on the poker table. The game is played with chips.  Whatever money those chips represent doesn’t and shouldn’t have any effect on how you play the game.

If you are concerned with money, you wont be playing poker the right way. You will be playing with scared money and as the saying goes,

“Scared money don’t make no money!”

To be a big long-term winner in poker you must develop a SUPER-AGGRESSIVE playing style, sometimes known as LAG (Loose-Aggressive)

Here is my article on how to develop into a LAG.

Being aggressive doesn’t necessarily mean success. You have to know when to be aggressive, and when to slow down. Against certain opponents, especially ones who can’t fold a hand, being aggressive will lose you money.

Poker is always about adjusting. You need to adjust to each player at the table and your perceived table image.

Being aggressive has a few benefits:

1. You will win more pots where you don’t have the best hand

2. You will make more money in pots that you have the best hand

3. Your opponents won’t be able to accurately deduct your hand-range

If you are playing tight, you opponents will know you have the goods when you bet, and you wont win big pots. You will also not be able to pick up pots where you don’t have the best hand because you won’t be willing to bluff a lot.

That’s the beauty of poker.

You don’t need cards to win.

In fact, cards are somewhat meaningless if you have accurate reads on your opponents and you can figure out what their cards are and they have no idea what you have.

Annette Obrestad

Annette Obrestad is a young professional poker player that proved this.

In one online tournament of 180 players, she covered her hole cards the entire time. She never once looked at her cards.

Guess what?

She won the entire tournament.

She demonstrated perfectly how important reading abilities are and how unimportant cards are.

Just imagine how good this girl is when she actually looks at her cards.

She built a bankroll from $0 to over $1,000,000 by the time she was 18. She never made a single deposit online. She won a free roll tournament to start her bankroll, then NEVER LOOKED BACK.

Quite amazing if you ask me.

When people argue if poker is gambling, they should consult Annette to see what she has to say about that.

Players like Annette, Phil Ivey, and Tom Dwan are perfect examples of players who EXCEL in the aforementioned 4 traits and love to play super aggressive.

They simply don’t care about money.

If you want to be OUTSTANDING at poker you must STAND OUT from the rest of the competition.

Phil Ivey was once quoted as saying “If I have to bet $300,000 on the river with queen high, I don’t care, I fire the trigger.”

Simply Doesn't Care About Money.

Sickening.

Phil Ivey is basically saying here that he is willing to slide in $300,000 worth of chips (the price of a house for some people) on a complete bluff.

I bet if Phil figures he has a 51% chance to win the hand by betting that much on the river, he will make that wager EVERY SINGLE TIME.

That kind of sickness separates the winners from the losers.

You cannot play passively to win in poker.

You must get in there and gamble, but realize when you need to switch gears.

Good luck at the tables! 🙂

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