Pro Tip: 41
Stepping Up, Stepping Down
Kristy Gazes
December 26, 2005
My first poker experiences were in the low-limit 7-Stud games at Commerce Casino in Los Angeles. From the start, poker was an important part of my income. It had to be. I couldn't afford to go broke. I needed to avoid the fate that hit many of the good players around me. They experienced massive swings in fortune -- one day they're playing in the big games, the next they're on the rail, trying to scrape together enough money for a buy-in.
Early in my poker career I set a simple rule for myself: I would never move to a higher limit until I won three consecutive sessions. If I lost three consecutive sessions at a given limit, I would move down to a lower limit.
It took discipline to stick to my rule. For a very long time – years, in fact – I never made it beyond the low-limit tables. I couldn't put together three consecutive wins. It was frustrating, but it was a great learning experience. By the time I made it to higher limits, I was a seasoned, experienced player who could deal with the intense competition I encountered.
Another nice thing about using such a patient approach was that I always had comfortable padding in my bankroll. In those early years, I may have had a hard time winning three sessions in a row, but I was beating the games regularly. I could pay my rent and add to my bank. When I moved to higher limits, I had plenty of money to sustain myself through any bad runs. In any case, if a lousy run of cards lasted three sessions, I'd back down to a limit where I was risking less.
I know a lot of players who have a hard time using an approach like mine. Most can't step back because they feel a lower-limit game is beneath them. Their egos tie up their heads and they try to prove themselves against better players. They end up playing higher than they can afford, in games that are tough to beat, and they wind up broke. As a professional, I don't play for ego. I play for money. As Paul Wolfe recently pointed out, often a smaller game offers a better opportunity for profit.
Think about incorporating something like my three-win, three-loss rule in your own play. Stepping down a level when things go bad will not only preserve your bankroll, it will sharpen your skills and build your confidence. When you step up, you've got the momentum of a winning streak behind you. You'll be playing your best – ready for higher stakes and sharper players.
Pro Tip: 83
The Mindset of a Winner
Kristy Gazes
Oct 23, 2006
Here's one of the most interesting things about poker: A player can be incredibly knowledgeable and talented, and still be a long-term loser. I've been playing professionally for more than a decade and, in that time, I've seen any number of sharp, gifted players go broke again and again. How is it that I've been able to survive while others have busted out? I think there are a few factors that contribute to my success.
As I discussed in a previous tip, my money management skills are good. So when I hit the inevitable losing streak, I don't risk going broke. As far as I'm concerned, it's impossible to overstate the importance of money management to your poker career.
I've also benefited from being a mixed-game player. At the Commerce Casino, I play in a rotation game that can include Omaha Hi/Lo, Stud Hi/Lo, Triple Draw, and Badugi. I like the mixed games for a couple of reasons. First off, playing a mix of games helps keep me sharp and interested. Sometimes, when I play one game continually for hours on end, I can get a little antsy.
In addition, there are usually a couple of players who play some games well, but aren't quite as skilled in others. This gives me a nice edge. And the truth is, even at higher limits, there are players who don't understand some of the games all that well. They see too many flops in Omaha Hi/Lo and draw too frequently in Triple Draw and Badugi.
There's another great advantage to this sort of mixed game. Games like Omaha Hi/Lo and Badgui appeal to gamblers - players who like to get involved in pots and mix it up. Some of these guys are quite talented, but after missing a draw in Badgui or failing to connect on the river in Omaha, they can go on tilt. Then, for a period of time - maybe 15 minutes, maybe an hour - they play every game badly.
Perhaps the greatest advantage I have over my opponents is that I'm able to control my emotions. I don't tilt easily. And when I do feel myself getting upset, I have the discipline to get up from the table and go home. I know that the game will be there tomorrow and I'll be far more prepared for the action after some rest. Over the years, I've encountered many players who play about as well as I do, but I've fared much better then they have because I can control my response to adversity.
If you're looking to improve your results, try learning some new games. There's a lot of fun and profit outside of Hold 'em. And work on your emotional control. Staying off tilt may be the most important thing you can do for your bankroll.
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