Back when antes used to be the norm in home games and there were seven of you, it cost a buck a hand. Sometimes we would play where the dealer antes for everyone so that we didn’t spend all night barking at people and trying to remember who anted. In 4-8, with 2/4 blinds, as […]
Bad Cards Of course this is the best opportunity to try to make a hand with something no one can see coming. But I’m not sticking my neck out any further than the amount of the blind. It’s terrible position. Even if you are certain that the only player in the hand, who raised, is […]
The most important thing to remember is that you are in the worst position on the table. If five people see the flop without a raise, and you have KK and J-high flops and you lead out, the guy in last position is priced in for a gutshot with everyone calling. That’s not what I […]
If the plan is to maintain the same amount of chips when you’re not playing, this blind strategy is the way to protect your stack. 18 bucks an hour is not that much. If you never play your blinds and sit there for 3 hours, you’ve lost about fifty bucks just in the blinds. Of […]
Here’s a fundamental: blinds are not yours. It’s table tax. In a 4-8 game table tax is 6 bucks a round. At the cardroom where I play they average a little better than 30 hands an hour. So you owe 18 bucks an hour for your seat. Now it doesn’t mean that you can’t win […]
I decided when I started writing this journal that I would only write in this section when I was losing, not having just lost, but on a skid. A skid as it’s used here is a run of losses that ends up seriously crippling your proceeds for the month or actually has you down, either […]
In a previous post, I talked about some of the bookkeeping tips for poker winnings and tax accounting. That got me thinking about another kind of bookkeeping resource for poker grinders. Admittedly, I was single and semi-slobbish when I was a pro player, but contrary to the stereotype, I knew quite a few pros who […]
In a previous post, I discussed how to recognize and manage your own confirmation bias at the poker table. I wanted to follow up those thoughts with a different approach to confirmation bias, namely exploiting your opponents’ bias at the poker table. In many ways, I’ve found this to be an even more productive exercise […]
For those who don’t know, confirmation bias is the tendency to look for, interpret, remember, and give extra weight to data that confirms one’s preexisting beliefs and assumptions. It’s an idea that’s commonly applied to different spheres, from politics and religion to psychology and game theory including poker. Confirmation bias shows up at the poker […]
Come tax time, you’ll need to collect, organize, and report your various income and tax forms to the IRS and state government. But long before the filing forms start arriving in your mailbox, you need to keep reliable documentation of different aspects of your gambling and poker activities. For the time being, I’m going to side step the various […]