Operation: Beginner to Master
I'm fairly new to FTR, but anyone who goes into the "Beginners Circle" has probably seen me around lately. Feel free to skip to my goals if that's all you want to know, but here's a little bit about myself:
I'm 21 years old. I'm a full-time business student and I have a part-time job on the weekends. I've been pretty broke lately cause I went on a spending spree for the last two years and 3/4 of my income now goes to paying off credit cards, car insurance and gas. I've played poker for the past 5 years on and off, but I've never got into studying or learning the fundamentals of poker. I would just play with friends or deposit $20 at a time on PartyPoker and go broke after an hour of fun at $25NL.
About three weeks back, I ran into an old friend of mine who I haven't seen in years and he told me that he was raking in dough playing online poker. Another acquaintance of mine was also making tons of money from it, but he would donate most of his winnings (he has rich parents... the bastard.) Anyways, these two guys inspired me to start studying the rudiments of this magnificent game. I'm highly competitive and so I thought to myself "If these guys can do it, so can I!". And so it began...
I bought my first poker book, Online Poker by Doyle Brunson, the day I was leaving for a business trip to Las Vegas. I finished reading it on the flight and didn't really learn anything new, so I went and bought Super System by Doyle Brunson when I reached McCarran International. I was able to read a bit of it before I had reached home and I was now going to start my journey in (educated) online poker.
I initially deposited $50 on Full Tilt and started playing $10NL. I went up and down, but ended up being +$30 at the end of the night. I started googling something (I can't remember it now) and came across FTR. The more I went through it, the more I was shocked at how much information was on this amazing site. I started reading all the articles in the Beginner's Guide and started to peruse the forums. On February 28th, I decided to become an active member in the FTR community, as I believed that books, a tracker, and a high involvement in these forums would be all I needed to succeed (although now I'm considering coaching as well in the future). I started a blog (not on FTR because I didn't have 500 posts) to log anything I learned that day, to take notes on the books I was reading, etc. I haven't had much motivation to keep it updated lately cause of school work and a lack of readership, but I thought that if I was double entering stuff on here and there, I might actually manage to keep both up to date.
Anyways, my goals are pretty simple, however, achieving them will not be. I am fully prepared for the journey ahead. I must remind you that I am starting off as a pretty big noob, so if I ever say something that's wrong, please correct me. I also have a hectic schedule, so I may miss out on posting everyday, but the goal is to post 5 days/week. I will update more specific goals once I get to each particular phase.
Phase 1: Beginner to Rookie
- Learn the basics of poker lingo, odds, and tracker stats so that I can fully partake in discussions of hands, etc.
- Learn the fundamentals to decision making (if you should bet/raise/fold, how much you should raise, etc.)
- Learn the ins and outs of PokerTracker to improve my self-analysis.
- Get rid of the blatantly obvious and beginner leaks that I currently have.
- Go from a BR of $50 to $200, progressing from $2NL to $5NL and reaching the goal of $10NL.
- Finish reading Theory of Poker, Super System and one more book before I move up to Phase 2.
- Become fluent in micro stakes.
Phase 2: Rookie to Intermediate
- Master micro stakes, then learn some more advanced techniques to improve my game to be able to compete at low stakes.
- Start getting subscriptions to sites with videos, and tons of resources.
- Go from a BR of $200 to $1,500, progressing from $10NL to the goal of $50NL.
Phase 3: Intermediate to Pro
- Master low stakes. Get some professional coaching to improve my game to be able to compete at mid stakes.
- Begin to withdraw some BR to fund coaching, training, etc. (Or if I'm really broke :D)
- Go from a BR of $1,500 to $8,000, progressing from $50NL to the goal of $200NL.
Phase 4: Pro to Master
- Master mid stakes. Start outputting my own material in the form of essays and threads to start helping newbies and to master all facets of no-limit hold'em.
- Start withdrawing weekly winnings!
EDIT***This is my new BR plan:
Quote:
Originally Posted by spoonitnow
When I haz $100, play 5nl. (20 buy-ins)
When I haz $250, play 10nl. (25 buy-ins)
When I haz $750, play 25nl. (30 buy-ins)
When I haz $1750, play 50nl. (35 buy-ins)
When I haz $4000, play 100nl. (40 buy-ins)
When I haz $10000, play 200nl. (50 buy-ins)
I have no strict timeline to reach each phase, because I don't believe any type of education and mastery should be rushed. Even if I reach the noted bankroll, I don't think I should immediately go up in stakes if I don't feel ready to.
I'll be posting notes that I take when I read materials, hands of interest, tracking charts etc. Please feel free to give me feedback. Thanks for reading!
Theory of Poker - Reading Session #1
This is my first discussion on David Sklansky's "The Theory of Poker". If you are reading it, please state anything you've learned in the comments and feel free to start up a discussion. I'm going to be writing on what I've learned from each chapter. These are my personal notes that I'm sharing with people in case they need it. Do not ask me why I'm just re-iterating, because I learn by rephrasing and taking notes.
If you do not have a copy of the book, I suggest you go out and buy it, as it is arguably one of the best poker books ever written. Here's a link to the book on Amazon (that's where I bought the book and it was definitely the best price I could find).
Chapter 1 & Chapter 2 - Nothing too exciting yet. Just basic probability.
Chapter 3 - Sklansky states "the Fundamental Theorem of Poker" by saying:
"Every time you play a hand differently from the way you would have played it if you could see all your opponents' cards, they gain; and every time you play your hand the same way you would have played it if you could see all their cards, they lose. Conversely, every time opponents play their hands differently from the way they would have if they could see all your cards, you gain; and every time they play their hands the same way they would have played if they could see all your cards, you lose."
Simple enough. He says that the beauty of the theorem is its simplicity and obviousness, but its applications aren't so obvious. For example, if you're on a flush/straight draw after the flop, if the opponent (who has top pair) knew your cards, he would raise your bet to make it unprofitable for you to chase any draws, therefore making you fold. However, if your opponent merely calls your bet, then you gain a cheaper turn, due to his ignorance to what you truly hold (if he's putting you on TPTK for example). And if he folds, then you have gained an enormous amount, as he threw away the best hand.
Another point that I found to be basic, but interesting is that even if at a certain point you have your opponent beat, you should win the pot right then if you're opponent is getting proper odds and there are still more cards to come. "A pair of kings versus two smaller pair needs very short odds to justify a call. Since your opponent would have been correct to call, you gain when you make him fold."
Since you want your opponent to fold if he is getting sufficient pot odds, the converse holds true as well. If your opponent is getting insufficient pot odds, you want him to call, even if he is on a draw. A good example he uses is as follows: You are on the turn with two other opponents and you have a straight which, at that point, is the nuts. One guy raises all-in with $200, raising the pot to $500. You know that if you re-raised any amount, the second guy (who you are pretty sure has two pair) would fold. If you call the $200, there would be about $700 in the pot, giving him 7-to-2 odds to call $200 with his two pair. The odds of him landing a full house on the river, and consequently beating your hand is 10-to-1. "Therefore, if he knew that [you] had a straight, it would be incorrect for him to take 7-to-2 odds on a 10-to-1 shot." So, the correct play would be to call the $200 so that he calls you instead of folding. Even if he makes a full house and beats you on that hand, in the long run, you will make a profit. "Many people argued I had been wrong to let him in rather than raise him out, but in fact they are wrong. I had to give him a chance to make a mistake, which he did, because whenever my opponent makes a mistake, I gain in the long run."
Sklansky also talks about multi-pots and how sometimes it is beneficial for one or more of the opponents to play as if they knew what you were holding. In his example, you have a 30% chance of winning the pot, A has a 50% chance of winning the pot and B has a 20% chance of winning the pot. You wouldn't mind if A raised your bet to force B out of the pot, since that increases your chances to 40% and his to 60%. Both players in this scenario have gained by C's fold.
That's about all for Chapter 3. I'll try my best to post one on Chapter 4 by tomorrow. I don't know if I'll be playing any hands tonight or tomorrow night since I have plans, but I'll try my best to get some kind of post in.
I'm back and I'm refocused and ready
So I took a break from poker so that I could finish off the school year with some good marks. Now that I'm back, I'm feeling very good. I'm no longer playing to get money ASAP, as I'm no longer broke and have an abundance of disposable income. This means that I'll be more patient and willing to spend more time reviewing and learning, rather than playing and playing and playing.
I've decided to switch from Full Tilt to Poker Stars (I didn't put the rakeback bonus code for FT when I signed up). I've also decided to get a membership at Grinderschool.com to start studying with videos. Anyways, I'll be updating my OP from now on and once I reach $5NL, I'll get Hold'em Manager and start posting reports and graphs.