How to Succeed in a Multiple Day Live Event (Part 1)

How nice would it be to win a big reputable, televised tournament in front of millions of people around the world and with several hundred thousand dollars or even millions in prizes? Well, it is the dream of most poker players both online and live, and it is only done by those players not only with incredible skills, luck and determination, but with an actual strategy to go through several days playing poker in a single event.

Poker, just like any skill game goes around organization, think of it as chess, not only involves the next play but a strategic list of steps to follow in order to succeed, of course unlike chess a poker plan can end up in a blink, but that is where your skill and how well planned is your strategy comes into the big question.

But what does it take for you to be able to succeed at a several day event? That will depend on the event. We will focus on an event that takes at least 5 days and has a big amount of players; you know which one is it, the mother of all tournaments and the one we all aspire to win someday.

These events are complicated as they are filled with every single amount of players, from free rollers to top shots and legends, but at the end of the day the players that are able to survive through the first 2 days are the ones that win the most. The first players to go out are the ones that are over aggressive, so we recommend for the first day to tighten up and play only big huge hands and don’t risk more than half your stack, don’t try to increase your chips by stealing the blinds or going after an abandoned pot, just hang in there and try to maximize your winnings when you are positive you have the nuts. All this has a simple explanation, all players that don’t really have a reason to be there, will try to double or triple their chip stacks most of the times with no action plan; although some might be lucky 80% of them will be out by the end of the day, so for now relax, enjoy and spot the big players.

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When to move up on stakes

When to move up on stakes

Once you reached the middle poker player level and you are trying to make your play a bit more profitable, then it’s the right time for you to move up on the stakes you are playing to increase the chances of winning on every hand. It is very important for you to understand that when you try to do this you need to have a good control of your bankroll and understand everything that is involved on the bankroll management. It is a matter of trying at first and see how it goes, if you think you are not able to control yourself and just play a few hands just to try how well you can do it in that level.

The reason why you need to have a middle level to be able to move up is because you need to have a decent bankroll to do it. If you are starting and you have $100.00 and you pretend to play on $1.00 no limit tables, then it is very possible that you will only be able to play a couple of hands and drop your game for at least a week. The key of bankroll management is that you need to only bet a certain amount of money per day and not spending more than that, this way you will be able to play more hands per month and increase the chances of recovering the money you lost.

Another thing you can try is for example if you are on a 2/4NL table where you play 20 hands every day, you can try at 4/6NL playing 10 hands a day, that would be the same amount of money but if you play it ok you will increase your profit. There are many rules to apply when you play poker, some of them are a bit too over the top for my taste, like the one that says you need to have 100 times the amount of the stake to enter a table. If you are a beginner or even a mid player, it is very hard for you to start with that amount of money.

Another factor that will help you is that once you have some experience on playing poker you become more confident and a bit more secure, let’s say it like this, you are more aware of the situations and you are able to recognize and to choose which hands to play, which will allow you to save your bankroll money and invest it well.

Remember that the important thing here is to take care of your bankroll, once you can control how many hands you play and you understood how the majority of the odds you can go up and probably don’t stop increasing your winnings in an incredible way. Try to remember your own rules instead of following someone else. Higher stakes will always be there, so take your time and enjoy! Once in a while visit the low limit tables, and take advantage of the ones that are still learning.

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Is it worth playing live poker tournaments?

Is it worth playing live poker tournaments?

The whole poker industry as we know is based on live poker tournaments, they are the biggest and the most popular, and now there are a lot of options for you to pick from depending on where you live. But is it really worth it? The answer is really up to you and up to what scale you are willing to play.

Professional poker players live “the dream” for many, but behind the luxuries and extensities of being a professional poker player, there is a world of stress and commitment with no comparison. Being a live poker player requires a lot more than just the will to do it. You need to invest a serious amount of hours and this is not an option for the average poker player. There are several factors you need to keep in mind:

Bankroll: The investment of being a poker player requires you to invest big portions of money. On online play is very simple as the investment can be a couple bucks, but if you want to play at a bigger scale we are talking a lot more than a couple hundred thousand dollars. This is the reason most poker players look for a sponsorship to cover their tournament entries.

Time: Another important factor when you play poker is time. Most poker tournaments and play involve hours of continuous play and traveling. If you are a family person this can seriously affect you, and even more if you have a normal job. It is not many people that can spare a week of their live to go and play poker. The journeys for a poker player are extensive, most of them live in hotels all round the world as there is a poker tournament every month. Today is Las Vegas, tomorrow is somewhere in Europe and the following week Latin America.

Winnings: As poker is a game of chance as it is of skill, there is always the uncertainty of not cashing in a tournament, only from 10% to 20% of players cash at a tournament. That means that out of 10 tournaments you play, you will cash out in 1 or 2 in average. And if you spend 20 hours in each, you will normally spend 200 hours of your time with a 20% chance of winning.

Prizes: The prizes that you can win at a tournament are big compared with most other sports. Millions are dealt in many tournaments such as the WSOP. But you need to consider the costs of you playing at these events: hotel accommodations, flight costs, taxes and many other costs that can affect significantly the amount you win.

Physical Integrity: Part of being a poker player is training your body and mind. It is not easy to play for 8 or 10 straight hours every day for 3 days in a row. The anxiety that comes with play also affects, so if you suffer of back aches or have vision problems this is something that you need to look into before enrolling into this world.

Bottom line, if you are willing to take all these points in consideration to do this at a mayor scale and you have what it takes go for it! But if not, then look to play short tournaments with a lower investment of your time and money. Your return can be higher if you win many small tournaments than just one big one.

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The Art of Bluffing

It is impossible not to bluff at least once during your poker life. This is one of the hardest things to do while playing poker, but once you know how to do it you will find the greatness of bluffing. This is a fundamental strategy, but very hard to accomplish.

There are many factors you need to keep in mind before even considering a bluffing strategy. Position is one of the key factors you need to succeed while bluffing during a poker game. You should consider bluffing if you are close to the dealer’s button or the last to act, this is because you already saw what your opponent’s actions and you are able to read if they have a great hand or a bad hand. When you bluff, you automatically open aggression, and if you are not ready for it then you shouldn’t go for it.

If you are playing Texas Hold’em and you want to use your bluffing strategy remember that you are not threatening anyone if you don’t go all-in during your bluff. The reason for this is very simple, if you have a smaller stack or even a big stack and you don’t put your opponent all-in, you probably don’t have such a good hand, giving your opponent the chance to go for it and since you are bluffing you are probably going to loose. So once you decide to go all in remember that you are being aggressive.

If your opponent got your bluffing strategy and now you are in a very uncomfortable situation because now everyone knows that you don’t have a good hand, then you should keep in mind that this happens to everyone and it will not be the first or the last time that will happen to you or anyone else. If your opponents call your bet the best strategy is to check the next hand hoping that your opponent doesn’t raise your bet. If your opponent does that, then fold; you already know that you don’t have the winning hand so there’s no reason for you to keep loosing money.

Always remember to analyze the board and which possible hand your opponent might have; this is the first step to develop a great bluffing strategy. If you bluff without figuring your opponent out, it is possible that you will end up failing. If by any chance you got to the river with just one opponent left, and when you both show your cards you won after all, remember that there are many fish out there and they might thought that they had a better hand that yours even when you are bluffing. This kind of things happen, so keep on practicing your bluff strategy and you will get better and better with time; eventually you will find yourself winning many pots by following these simple rules.

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