Winning a Holdem Tournament

When you are playing single table tournaments with 10 players behind the table, then mathematically your chance of getting the overall best hands during the tournament is 9 to 1 or 10%. It is true regardless of your skill level. Good cards will not be dealt to you just because you are more skillful than others. It is called luck factor. However your skill level determines how successful you are able to play the cards you are given. I’m pretty convinced the best poker player in the world cannot consistently win every single tournament with 9 other players who barely know the rules of the game. Even Phil Hellmuth has said that if no luck factor was involved, he would win every single time.

Now suppose you are playing a tournament with 1000 participants. The chance you will get the best cards at best situations is 999 to 1. Even if you are the best poker player in the world, the chance you will win the tournament is pretty slim. That is the reason why we often see amateur poker players win biggest poker tournaments in the world.

If you have decided to stick with a certain limit to the tournament buy-in and you are fairly certain you have an average or above average skill level compared to the rest of the players at the same level, you can reasonably expect to play 999 tournaments with 1000 participants without winning one single time.

Why is it important to know that? Well, first you must make sure you are emotionally capable of not winning much for an extended period of time and secondly you must be sure you can financially allow this to happen. Of course not winning a tournament doesn’t necessarily mean you will not win any money, but that the variation is much bigger than in cash games. If a cash game player can reasonably expect to win most of their sessions with profit, the opposite is true for the tournaments player. Even the best poker players end most of their tournaments without even winning enough money to cover the entrance fee. Big wins are what makes it up for them and big wins come rarely. If you want to be successful, then this is what you have to accept. Being too hard on yourself for not winning a tournament will not do any good and you may pretty soon find yourself wondering why you are still playing the game. This can happen, if you don’t know the simple mathematics behind this. So now you know.

Importance of Fun Factor

I can’t stress enough how important it is to enjoy what you are doing. If you don’t enjoy playing poker, or get very easily stressed, when you are loosing some, why continue playing it? I know quite a few people who are playing poker just to get famous some day. Becoming a star is a very good motivation, but how are you going to get there, when you lack any passion for the game what so ever? I’m yet to see a guy who got famous just because he wanted to and not loving what he became famous for.

Fun is important, even very important if you want to succeed in what you are doing. Then again, too much fun will not get you anywhere either. If you want to achieve something, you also need to be considerate and serious enough to notice and learn from your mistakes. If you focus all your energy on playing without bothering to do anything else, you might realize at some point that you haven’t achieved much.

So if you want to become successful holdem player, you have to be balanced. Going too far in either direction will not do good for you. If you don’t enjoy the game, you might soon find that it is too boring to continue playing and if you are too busy having fun, you will not achieve much in the long run either.

Biggest Poker Pot to Date

It is quite old news, but I’m sure there are still some, who don’t know how big poker pots can get. So the biggest pot so far is a Pot Limit Omaha hand played in November 2009, when Finnish Patric Antonius played against unknown Swede with a screen name Isildur1. The pot reached a record breaking $1,356,946.50 which was eventually won by Patric Antonius. In the video below, you can see how Scandinavians are tossing money on the table as if was just change. Also you can see a few hands preceding the record breaking pot.

Why is Online Holdem More Popular Than Live Holdem

If there are local casinos nearby that organize poker events on a regular basis, you are in luck and you have the option to choose between live online holdem tables. However there are some very good reasons why a lot of people choose online holdem over live one.

  1. For many it is more convenient to play poker at home behind their computer, than to go to a nearby casino. To join a game, all you need to do is just turn on your computer and you can even play poker naked if you feel more comfortable that way. Also you can stay anonymous in online poker room if that should be your preference.
  2. Online casinos charge much less, because the cost of operation is much less. They don’t have to pay for the dealers or spend a lot of money to buy and maintain expensive furniture. Once an online poker room is established, it makes very little difference in costs if 1000 players play there or if the number is 2000. The same cannot be said about brick and mortar casinos.
  3. Due to the above reasons, a lot more people play in online than in live and anyone has the opportunity to join any game he desires and there are a lot of options. In local casinos one usually has to accept one of the very few games being offered.

Considering all of the above reasons, it is pretty clear why things are the way they are. Of course there are some things which makes playing poker in live more enjoyable, but for most of the people these are not even close to what online poker has to offer.

Patience is Virtue in Holdem Tournaments

In holdem tournaments, it is all about survival. It is not about how many chips you have or about how much money you will win if you have the most chips. If you only focus on growing your stack size, you will very soon find yourself being eliminated, when a lucky card hits your opponent river, even when you were miles ahead at flop. If you want to survive, you must not focus on your chips at the beginning at all. You might succeed with grabbing as many chips as possible in play money tables or freerolls, but things are radically different in tournaments with real buy-ins. Even if you manage to double your chip count by risking a lot at the beginning, you will very soon find out that is not enough to compete with more experienced guys, who start taking more chances in the later rounds. In the 10th level of the tournament your doubled chip stack will only be able to pay for a round of blinds or two anyway.

Experienced holdem players know, that they are able to last long in the tournament only if they are patient and if they don’t take risks that are unnecessary.

Theory vs Practice

What I see a lot of beginners do is trying to act as a professional holdem player, when they really are not. Most of the time they think that merely reading a book makes them instantly better players. A short winning streak hits them and even before you can say “bankroll management”, they have jumped up in limits and lost all their savings trying to pull off something that was suggested in the book. If it really was that easy, all poker players would be millionaires.

If you decide to read a book, then yes, you must apply what is said in the book to see if it actually works and if it helps you in any way. Finishing a book does not mean you know how play poker as good as the author does. To effectively read something, means that you must apply it while not assuming that everything said is correct and not assuming you know every subject the author touches upon. If you fail to realize that, you will waste a lot of your time or money. This is of course not the case if you just love reading books without trying to improve yourself.

When someone asks me how much should one focus on learning theories compared to actually playing then my answer is that the golden ratio between theory and practice is roughly 1 to 99 or 1% theory vs 99% practice. It is of course just my estimate, but I have found out that also a lot of other professional poker players agree with me on this. If not with the exact ratio, then definitely with the idea that in order to become successful you need to practice several times more than study theories.

That being said, you should read books if you want to become successful. However you are just wasting your time, if you decide to start reading another one, without putting the theories of the first book into practice. By the time you finish another book, you won’t even remember what was said in the first one.

Before Starting with Online Holdem Tournaments

Before you jump in, study the specifics of holdem tournaments. To do that, I suggest you to play freerolls or in other words tournaments that will not cost any money for you to get in. It is also important not to stick with this kind of tournaments for too long. It is because players don’t have anything to loose at these tourneys and thus play very loosely. If you get too comfortable with this playstyle and you find yourself winning, I can guarantee you, you will be a losing player at even the most lowest tournament buy-ins, when you switch over to real money tournaments. However if you have no bankroll, you really love playing freerolls and you never plan to make a transition to real money tables, you can of course carry on with what you are doing.

Once you have played all the different tournaments and know their specific rules, it is time for you to pick your favorite and start playing at lowest limits – usually 1$ buy-in tournaments.

Beginning with Online Holdem Cash Games

I think this is an excellent choice for beginners. Cash games may be boring at first, but you will get a good solid understanding of the game very fast and if you take it seriously, you will become a winning player at microlimits rather soon.

If you chose no limit holdem because you heard it is the cadillac of the poker and a lot of money can be won playing it, then also the opposite is true – a lot of money can be lost. No limit holdem is not for everyone. To become successful at no limit holdem, you must be able to gain every single edge possible over your competitors. It is not very easy to do for beginners and the ability to read your opponents correctly comes with experience.

Limit holdem on the other hand doesn’t require you to so much focus on what other players are doing at the table, but your own cards instead. In limit holdem you can very rarely bluff and hope everyone is going to fall for it. More likely than not, you will be called down all the way to the last community card being dealt on the table so you must be pretty sure you have a solid hand.

You see, limit and no limit holdem are two entirely different games, when it comes to strategy and skillsets, so choose carefully and again choose one, you enjoy playing most.

Before Starting with Online Holdem Tournaments

Before you start with holdem tournaments, you should ask yourself why you chose tournaments over cash games or holdem over any other poker game. Is it because you like tournaments over the cash games or is it just because you saw some cool poker players playing at the final table of a tournament in television. If your motivation behind playing tournaments is the imitation of your idols, then you must know that no poker player ever became famous just because they imitated someone or just because they wanted to. They became stars, because they love that game and they have their own play style.

If you feel you really like cash games more, then just play them. There are also famous cash games players if becoming famous is still your goal. Don’t do something just because it looks cool. Do something, because you enjoy doing it. Without love for the game, you will set yourself up for a big failure, if you still insist you must become a start.

Introduction to Online Holdem Blog

I’m Ian and I’m going to show you what it takes to become a better holdem player. Even though I also play poker behind live tables occasionally, I will focus more on online games, because it is much more appealing to most of you.

I will also create a few pages about general holdem stuff under the pages section, which should give you pretty good idea, what this blog is about.

Furthermore, I will try to keep my posts, including this one, relatively short so you will have more time to actually play poker than read long boring posts about yet another kick-ass poker strategy you are never going to try out anyway.

That being said, lets have some fun!