Thursday 24 January 2013

Casino Live MTTs


I know a few of my readers like to play in live poker MTTs at local casinos and I admit to liking the occasional punt in them as well. However these play differently to online games and it isn’t an area I have covered or seen covered anywhere so I decided to write a short article giving some general tips from my past experiences of these games. As with any article you read or video you watch you should not take this advice as gospel since the most important skill in poker is to be able to adapt to your current dynamics, with that word of caution heeded, there may be some pointers in here that help you with your casino donkaments.

Will you get lucky?
 
First off I will define what I class as a casino tournament; it may or may not be in a casino (but it usually is), more important than the venue is the buyin which is typically anything from a £5 rebuy up to £50 (or even £100) and the blind levels are quite short (15 to 20 minutes). The main player pool will be entirely recreational players who mostly see poker as another form of gambling, these events usually start in the middle of the evening and are finished in the early hours of the morning.

It can help you tremendously to do some fact finding before you even register to the tournament, particularly if you have never played at the venue before. Some things to try and find out include:

  • The structure
  • What is the starting stack?
  • How long are the levels (do they stay the same length throughout or do they go from say 30 minutes to 20 minutes after the break?)
  • Are there any rebuys, is it a triple chance?
  • Are they likely to be lots of levels missing?
  • Are re-entries allowed?
  • Are there cash games that start soon after the MTT has started
  • Are deals likely?
  • How flat is the payout structure?
All of this information gathered beforehand can sway your decision in a marginal spot, maybe you are deciding whether to make a huge river call, if there is re-entry then the call is more favourable as you can re-enter but also your opponent is more likely to have a wider range as they can also re-enter. The faster the blinds the more you will need to gamble, you should always be aware of the next blind level in casino games as it is not uncommon to go from 100/200 to 200/400 for example which slashes your effective stack in half and you can go from 30bb to 15bb without realising if you are not paying attention and this often means you should me more inclined to push marginal spots towards the end of the 100/200 level that you may not if there is a 150/300 level. If there are cash games running some players use the MTT as a time filler until the cash action starts so will gamble more once the cash table is open.

With flatter payouts you can generally call a little wider in the end game as well but also should not be open shoving quite as much. This is due to the fact that people are more likely to gamble with flatter payouts as they aren’t so aware of big pay jumps which often bring out a tendency to play tighter.

Once the game has started listen to table chat as often you can pick up info on players, maybe they are new or they might be a regular talking about their win last week. You will identify who knows each other and might find out things about their playing style before seeing it in a hand. Of course a lot of the table chat at these tables can be quite annoying but it can still be useful if you can tolerate it.

Try to spot who the complete fish are, who are regulars that are maybe at least a little competent, those that are there to last as long as possible and playing very tight and also see if there are any real good players. See who is drinking and who is on coffee etc as those drinking alcohol are more likely to be 'gambling' as a general rule.

Early on in these MTTs it is usually hard to isolate players as any raise will get numerous callers so generally I find it best to limp in with a wide range of hands to utilise my skill edge and get value postflop, generally bluff very little but value bet hard as you will get called down by a lot of hands, people will pay over the odds to chase their draw so make them pay as much as possible but always be wary when the draw hits. This approach means you will see lots of flops without paying too much with the chance of winning a big pot if you hit and can value town a calling station. As the blinds go up rather quickly the cost of a few bb in the first level may only be 1bb in a couple of levels time so the loss of a few calls is not always that significant.

In these games players tend to be very showdown orientated, that is they want to show their cards on the river so they won’t usually bet with a wide range of hands, nor will they turn medium strength hands into a bluff. This usually means that they will have a polarised range when they bet the river so your top two pair hand may effectively be the same as top pair against their range, this point is even more apparent if you are the aggressor on the river and they raise your bet, this will often be completely polarised to air or the nuts, more likely the nuts depending on the type of player.

Look out for sizing tells, often players will raise a larger amount with hands like JJ, AK as they are scared to see the flop and the size of their bets can help you narrow down their ranges, of course if there is not a lot of raising you will not have a decent sample size to judge this on but if you are in a marginal spot a little bit of guesswork in this regard can help you make the right decision.

As the blinds start to increase it becomes easier to steal preflop, particularly if you are getting close to the money. Even when you get called it is often only by one or two players and c-betting at the right times will help you accumulate chips whereas c-betting in the first couple of levels will rarely get through. Don’t be afraid to shove your stack in as you will be surprised how much fold equity you can have against the same players who were seeing every flop in the first hour. One big weakness of these casino standard players is they do not pay attention to their stack sizes so they will make very bad decisions such as calling for half their stack preflop then folding the flop so don’t assume they are pot committed as they won’t necessarily understand that concept. They will also setmine for large portions of their stack even with baby pairs.

To wrap up in one sentence, play small ball poker preflop in the early stages and gradually increase the aggression as the blinds go up and your opponents start to tighten up.

Remember your opponents may well be playing 'Poker Roulette'

 A word of caution regarding these types of games; be prepared for lots of ugly beats, most people there play with no knowledge of stack sizes or pot odds etc and just want to gamble in the same way as they might gamble at roulette. Don’t berate these players as it is important to keep the poker economy going and abusing players can only serve to put them off poker, you want them to make mistakes and you should accept it will happen, the bigger mistakes your opponent makes then the uglier the beat will look when it happens. The variance in these games is astronomical as they have a fast structure, with showdown type players and you are single tabling. Having said that, they can be good fun and profitable (depending on the rake etc) but should not be treated to seriously. As always, have fun and good luck!

Tuesday 8 January 2013

2012 Short Review


Hi all, I hope you had a wonderful Christmas and Happy New Year to you all, may it bring you lots of luck on the felt.

I am not one for landmarks in time, I am not overly fussed by birthdays or new year but nonetheless the ticking over of the calendar from one year to the next is a good opportunity to review the previous year and to try and put some thoughts together for the upcoming year as such I am going to write a short blog recapping 2012.

I started this blog in 2012 and I have had a few positive comments regarding it, I thank you for those comments as it seems to me that I have given a few readers food for thought and provided different angles to consider which was my main aim (admittedly this was more for me to consolidate my thoughts on things rather than help others but if you are prepared to read my blog than I suppose you deserve a little something in return!). I think the blog has helped have a positive effect on me and my game and I intend to carry on with it in 2013 so please give me feedback as to what articles you like, what you would like further explanations on where I didn’t explain something to well and also any ideas for topics you may want me to write about. I am planning my next article to be on live casino donkaments where the structures are bad and the players are worse, this was inspired by my recent trip to Southend on Sea with a few PKR players for a meetup and crushage of the locals J

Poker was very much up and down for me in 2012, the highlight definitely being winning 2 live MTTs at the now closed Fox Poker Club, both for £4k scores, I also had 2 other final table scores for £1k a piece there around the same time.  Now that the Fox has closed it is going to be a bit more difficult to play live poker regularly but I will try to play a couple of the Genting Poker Series events and of course there will be PKR Live in London over Easter. If you have never been to a PKR Live before then I highly recommend you try to qualify, even if you haven’t played any live poker before you will still enjoy the experience.

I also highly enjoyed Vegas (of course!) but didn’t feel the best out there and didn’t get any results, however I plan to return this year but will probably focus more on the non WSOP events such as the Venetian Deep Stack simply because they are better structured than the $1,500 WSOP events although I may play the odd WSOP event depending on how the schedule looks and how I feel at the time.

The back end of 2012 has been hell for me poker-wise, I have been generally running horribly with the odd exception in a MTT here or there which has kept me going. It just seems at times that no matter how I play a hand I end up losing and in recent weeks I have felt myself getting extremely frustrated and this is definitely a step back for me as I have improved tremendously in this regard in recent months but the onslaught of bad luck has brought me to tipping point. I have been getting destroyed repeatedly by people limp calling out of position for large chunks of their stack preflop only for them to smash the flop. I’ve been calling someone down with a weak hand as I know they are bluffing only for them to spike a three outer on the river, I get it in with AK and lose to a weaker Ace and all manner of bad luck imaginable.  I know I am not the world’s unluckiest player (far from it) and that this kind of thing is very common but it is still frustrating, especially when you see a lot of players seemingly get the right side of variance all too often.

It’s not all been bad luck though, I have made more mistakes in the past few weeks than I can remember for a long time and what hurts the most is the rare times in the past few weeks where I have ran OK or well in an MTT I have frequently blown up in a hand when deep and made a huge error. Basically I have been trying to force spots where I shouldn’t be and making bad calls where I am capable of folding. Ironically in the past few weeks I have had hands like JJ/QQ a number of times in spots where the action tells me I am behind to KK or AA yet I have not folded and this was exactly the same situation that I discussed in an earlier blog entry on luck and how running bad often leads to not playing your A-game and making mistakes in those marginal spots, I have been calling too light against the wrong players on numerous occasions in spots where I knew I was dominated and this is a leak I will working on as it is something I thought I had fixed previously but the bad run seems to have meant that this has crept back into my game.

Stupid Foxy!!

I have been dwelling too much on individual hands, certainly far more than is healthy; either bemoaning luck or getting frustrated at myself for making a mistake, while analysing mistakes is an essential tool to improve your game, it rarely does any good during a session and it is important to shed the negative thoughts away to maximise your chances of playing your A-game in the next hand and the one after that and so on, I am not doing this at the moment so it is no surprise that the run-bad is still continuing. All of this run-bad has built up and is hanging over my neck so even just one or two beats into a session and I am already frustrated, the best cure for this is usually a nice win but obviously that is easier said than done and other than that a break or a change until the baggage is gone or at least greatly reduced is usually the only viable option. Just writing the issues out here will help me refocus and hopefully bring me a win in the near future J

Anyway, that is enough of the negativity, I am sure that if I can improve and bring my A-game often enough during 2013 then it will end profitably, it certainly will do for Elz who has already bagged herself a PKR Masters title, huge congratulations!

Nice payday Elz!