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Texas Holdem is a game where you should pick and choose your battles wisely. Playing every hand will of course lead to winning more pots. But in between those wins will be
more losses as well. Playing the right hands, at the right time will leave you with more chips in your stack.
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That leads us to seat position. Timing is everything in some cases, and in poker it certainly counts for something. While some cards are playable under some circumstances,
they aren't under others. Seat position is a key part of the circumstances that dictate whether you should play a hand, or wait for a better opportunity to present itself.
Professional poker players can sense what their opponents have in their hands. When just beginning you may not be able to read your opponents with that level of skill, but if you
can take a moment to read the cards on the board, you can tell with certainty what they do not have. Reading the board lets you know what hands are possible, and from there
you can use other information from your opponents to gauge what hands are probable. And act accordingly.
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Poker Strategy
- Position
Position refers to the order in which players are seated around the table and the strategic consequences of this. Generally, players in earlier position (who have to
act first) need stronger hands to bet or raise than players in later position. For example, if there are five opponents yet to act behind a player, there is a greater
chance one of the opponents will have a better hand than if there was only one opponent yet to act. Being in late position is an advantage because a player gets
to see how his opponents in earlier position act (which provides the player more information about their hands than they have about his). Position is one of the
most vital elements to understand in order to be a long-term winning player. As a player's position improves, so too does the range of cards with which he can
profitably enter a hand. Conversely this commonly held knowledge can be used to an intelligent poker player's advantage. If playing against observant opponents
in tournament style play (when the amount of chips one has is finite, which is to say there are no 'rebuys') then a raise with any two cards can 'steal the blinds,'
if executed against passive players at a fortuitous time.
Reasons to raise
Unlike calling, raising has an extra way to win: opponents may fold. An opening bet may be considered a raise from a strategy perspective. David Sklansky
gives seven reasons for raising, summarized below.
* To get more money in the pot when a player has the best hand: If a player has the best hand, raising for value enables him to win a bigger pot.
* To drive out opponents when a player has the best hand: If a player has a made hand, raising may protect his hand by driving out opponents with drawing
hands who may otherwise improve to a better hand.
* To bluff or semi-bluff: If a player raises with an inferior or drawing hand, the player may induce a better hand to fold. In the case of semi-bluff, if the player is
called, he still has a chance to improve to a better hand (and also win a larger pot).
* To get a free card: If a player raises with a drawing hand, his opponent may check to him on the next betting round, giving him a chance to get a free card
to improve his hand.
* To gain information: If a player raises with an uncertain hand, he gains information about the strength of his opponent's hand if he is called. Players may
use an opening bet on a later betting round (probe or continuation bets) to gain information by being called or raised (or may win the pot immediately).
* To drive out worse hands when a player's own hand may be second best: Sometimes, if a player raises with the second best hand with cards to come,
raising to drive out opponents with worse hands (but who might improve) may increase the expected value of his hand by giving him a higher probability of
winning in the event his hand improves.
* To drive out better hands when a come hand bets: If an opponent with an apparent come hand (drawing hand) bets before a player, if the player raises,
opponents behind him who may have a better hand may fold rather than call a bet and raise. This is a form of isolation play.
Often players will find themselves in need of a card to complete their hand. These hands are known as drawing hands. When on a drawing hand, it's nice to know what the odds
of your ship actually coming in are. Armed with those odds, you're better able to play your hand correctly. So, see the drawing odds page for a chart that will tell you the odds of
completing your gutshot straight, flush, or three-of-a-kind. Information is power at the table, and this information is part of the basic skills that winning poker players possess.
Related to drawing odds is the concept of pot odds. When you know you're waiting on a card to complete your hand, and there's a bet before you, you'd like to know if calling
that bet is a good idea or a bad idea. If you're familiar with the concept of pot-odds, you'd be informed enough to make that decision. When you're ready to have that kind of
power at the tables, read the primer on pot odds.
Poker Play
- Guts
Rather than the customary rounds of betting followed by a single showdown, guts features multiple rounds, each of which consist of the decision to be "in"
or "out", and each of which contains a showdown. Only the players who stay "in" participate in the showdown. In the most common version, the player who
stays in with the best hand receives the current pot, while all other players who stayed in must match the pot to form the next pot. For example, if the pot
is $5 and three people stay in, then one player will receive the $5 pot and two players will be forced to add $5 each to the next pot, escalating the size of the
pot for the next deal. Then the hand is re-dealt, and all players (even those who were "out" in the last round) can participate again. The game ends when only a
single player has the guts to stay "in", and thus the pot is taken without replenishment.
Each player's hand usually consists of a reduced poker hand of either 2 or 3 cards. The cards are ranked as in regular 5-card poker, but in some variations
straights and flushes count and in some they do not.
Another variation is for three-card guts. The hands are ranked as follows: Three of a kind, straight flush, straight, flush, pair. Each player receives two cards
face down. In turn, each player declares whether they're in or out. If they're in, they receive their third card face up. The dealer declares last; if no other player
has stayed in, then the dealer must have a pair or better to win the pot. Another variation is for the other players to have another chance to declare and challenge
the dealer. With this variation, there is no requirement for the dealer's hand; if no one challenges him, the dealer wins.
Declaring "in" or "out" is similar to declaring high or low in high-low games. Each player takes a chip, places their hands under the table, and either places the
chip in one fist or not. Each player then holds their closed fist above the table, and the players simultaneously open their hands to reveal their decision (a chip
represents "in", an empty hand represents "out").
Because the pot can double (or more) each round, the stakes can grow exponentially, and pots of 50 or 100 times the original ante are possible.
There are many variations. Sometimes only the single player with the worst hand (who stayed in) must add to the pot, but they must double the pot rather
than match it. In an especially vicious variation, nobody wins the pot unless nobody else stays in. This can degenerate quickly, when one player must add a
large amount to the pot, and decides to stay in until he wins it back. Thus the game continues indefinitely, with one player continually adding larger and larger
amounts to the pot. The pot may grow so big that no player has enough cash to match it, leading to arguments about how to end the game. (This variation is
not recommended when playing among friends. Often this variation is abandoned after the first really big pot leads to conflict.)
One solution to the exponentially growing pots is to cap them at 50x or 100x the ante. That is, if there are 5 players with an ante of $1, the pot started at $5.
If there were 3 doublings, the pot is now at $40. Suppose the "cap the pot at $50" rule were in force. Then, if another doubling occurred, each loser would
pay $40, but the pot would now be at $50 and the extra $30 would be set aside as the ante once there's a hand with a winner and no loser.
There is a variant of Guts called Nuts. Each player is required to place a certain amount of money in the "pot". For example, the bet starts with one dollar. With
five players, there would be five dollars in the pot. Each player is dealt two cards. At this point, the lowest cards win. (Pairs are strong) If a player is "in" and
other players are not, the player gets a "nut." If two players go in, then neither gets a nut. These two players have to compete their cards against each other.
The lower cards win, and the loser have to pay the winner money equivalent to the pot, in this case five dollars.
When the next card is dealt, the best cards are the highest cards. Here the process of in and out is repeated. With the fourth card, the lowest cards are the
best. Then with the fifth and last card, the higher the better. When a player gets three nuts, he or she will get the pot. If three nuts are not awarded within the
first round, a second round is needed. With the second round, each player adds a dollar to the pot, so the pot doubles. This continues until someone gets
three nuts, and thus the pot.
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