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1. I don't fold everything. I play position and odds quite accurately (basically using FTR as a bible in fact) before i hit these hands. I usually play less decent hands, in later positions, (depending on what I could defend on the flop) when i'm sure it won't be raised preflop. I defend my blind correctly. I see Q 10 suited for cheap, etc. I'm seeing about 20% of the flops, and playing solid poker postflop, maintaining an average table image. The point is to NOT DRAW ATTENTION to yourself, so nobody takes particular notice of you. You're just another flunky at the table.
In other words, I'm recommending a possible alternate strategy to use along with FTR advice: it's simply a method to minimize bad beat losses and increase strong hand profitability. You're still "in the game" and playing correctly. It's also a weapon to use when you're not quite confident in some aspects of your game. It seems to be a very reliable and profitable exploitative addition to a set way of playing poker.
1a. You'd be surprised at the number of people who will call a $7 all in preflop after you've folded 20 hands straights. I couldn't believe it myself at first. Try it for yourself, and it will blow your mind. (Keep in mind, I wasn't typically folding twenty hands straight, but during bad runs of cards, I would still get callers on that 20th hand.)
2. We're not talking about live holdem. It doesn't work in live holdem because you aren't free to sit-win-leave-sit-win-leave. Live holdem would DESTROY this strategy, because your table image is rotten if you do this. Online holdem is a whole different zoo, and I think unique strategies like this can capitalize on the nuances of a fast-paced environment. As I said before, the only table image you're sending is that you're a new guy at the table, and you've gone all in for seven to ten bucks. It gets callers at lower limits, and I don't know why.
Keep in mind that you're leaving before they pick up on it OR changing your style and playing normal holdem with 14-20 bucks you now have at the table. It can also be used to your advantage if you lose: you go all in with AQs, he has PP, calls, and wins. You buy back in for seven more bucks, catch AA, KK, QQ in the next ten hands, and you will most likely bust the next low pp who thinks they're taking a 50/50 shot at what they think is two overcars in your hand with their 33.
Players will be conscious of your first big move at the table. You have now drawn attention to yourself at the table, because you have created some big action, and you can use it as leverage in the coming hands. At one point, I was able to steal about 10 bucks worth of pots just by betting 5 hands aggressively in a row, after my first victorious all in. (Go from 10 bucks to 30 bucks in 6 hands wasn't terribly unusual playing this way). (The table typically only allowed me their blinds once I got this "fat" so I was usually forced to leave, per FTR table selection strategy.)
3. I don't personally think my success was a fluke, but I guess the point of this post is to find out. I don't consider my performance a fluke because I was still getting callers on hands which I was highly favored to win. The pattern I've discovered seems, preliminarily (based on about 35-40 cases, which does establish statistical power) to indicate that there's a strong tendency for a shortstack to get called.
I believe this to be a significant psychological phenomenon, and I WOULD do some statistical research on it except for the fact that I DON'T CARE about poker anymore. The loss I eventually experienced seems pretty typical of my overall poker experience. Having an elongated run of bad beats is quite statistically possible, and I'm tired of spending four hours "grinding away" to make up for the dumb luck that seems to go against me. (This is just a psychological idiosynchrosy I have: I make a hundred bucks, and then I get irritated when I lose 40 of it to a statistically common bad run of luck. I don't find it fun getting outdrawn for four hours, then having to spend four more hours playing well to make it all back. I realize that if I hadn't been bad beat 4 times in a row, I would be up a bunch instead of down a bunch.) Poker just seems to be a demoralizing, unforgiving game to me at this point.
I do believe that a disciplined player with a bankroll could, over the course of a week (a pretty long-term sample imho), playing 40 hours, make upwards of 300 to 400 dollars using this strategy. And tons of player points to boot.
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