Archive for the ‘tips’ Category

Mike Caro poker word is Expand

Monday, August 2nd, 2010

Sure, I’m the one who creates solid guidelines governing which poker hands you can play profitably. That’s me. But, even though I stress these standards that tell you which hands to call with, raise with, and fold with in which positions under which circumstances, I don’t usually stick to them myself.

I expand these standards and define more hands as playable. How come?

Well, today I’m going to tell you why that’s so. If you’re still an average player or a beginner, I want you seldom to stray from a predetermined, conservative set of standards. But you still need to understand what I’m about to say for the future. And if you’re already a sophisticated poker player, please pay particular attention.

This is the transcript of one of my lectures…

Winning by playing hands you “shouldn’t”

One thing I teach beginning players is to stick to a rigid set of standards. Don’t vary from them. These beginning standards are necessarily tight, because I don’t want students who are unfamiliar with the subtleties of poker to encounter difficult situations that may cost them money.

Fine. But as you progress as a player, as you begin to grasp the subtleties, something almost the opposite happens. Instead of staying away from danger by avoiding hands that require more finesse, you play these hands and the beginning players, inexperienced players, and poor players all lose money to you on the very hands that they themselves cannot profitably play. You play and win with the same hands they lose with.

Find more

So one of the key secrets to mastering poker isn’t to just play those same basic hands for more profit, it’s to find more hands that you can play profitably. The truth is, you can play more hands profitably when you are able to outplay opponents on later betting rounds. Once you develop a good understanding of later-round play, you can play hands that you used to think were unprofitable – and you used to be right.

What if you can’t outplay opponents on the betting sequences after you enter the pot – if you don’t know when to bet, when not to bet, when to call, and when to raise with more certainty than your opponents? Then you must stick to a rigid and conservative set of starting hands to have any hope of winning. That’s the key. That’s why I teach beginners to only play premium hands.

If they only enter pots with these premium hands, then they’ll average a profit on all the hands they play, even if their understanding of when to bet, call, raise, and fold on later rounds is inferior. Those select hands are just too powerful to lose money by playing. But that doesn’t guarantee them that they’ll win overall.

Finding hands

You see, every hand you don’t play costs money. That’s obvious, because you’re anteing or making blind bets and losing that money if you never play a hand. So, you have to find enough hands to play to overcome the cost of the antes or blinds. Most beginners can’t do that, even if they stick to just their most powerful hands, because there aren’t enough of them, and because they aren’t getting the same value from these rare strong hands that a skilled professional would.

Also, some beginners can’t even make money with hands that are only semi-strong, but not premium. That’s because, even average opponents outplay them.

So, beginners – if they try as hard as they can – should only play premium starting hands or those where they got into the pot cheaply or for free and found themselves with excellent chances to make straights or flushes – or managed to make strong pairs or better. They should fold on early betting rounds when their hands would otherwise figure to be about break-even or slightly profitable, because they’ll be outplayed and these hands will lose money under their control.

So, you can see how very dismal poker can be for beginners. They can’t play many hands, and because they can’t hold their own against most opponents, they must forego the opportunities to make profit with hands of secondary strength. It’s a mess. They don’t even make as much money as they should when they do play premium hands.

Average and world-class players

What about average players. Well, they can play more hands, because they won’t get beat up as badly on later betting rounds.

And what about truly world-class players? Ah, now listen closely. Truly world-class players can enter pots with hands that are theoretically losers. In other words, if I simulate poker on a computer and give everyone the same degree of skill, there will be hands that are clearly not playable.

But in non-raked games, meaning home games or games where the casino charges rent by the hour or half hour, a really strong player can enter pots with some of these substandard hands. You won’t usually be able to do this in rake games, because the cost of the rake tends to swallow up the advantages gained from later round strategy.

But you can play some of these otherwise substandard hands in non-rake games. The theoretical loss in a medium limit game for playing one of those weak hands might be $2.

But, wait! If the player can out maneuver his opponents on subsequent betting rounds while they make mistakes, there may be $4 worth of value in pursuing the later betting rounds. That means a hand that would lose $2 if everyone played equally or, similarly, when played by an average player can win $2 under control of a world-class player. And a hand that might lose $6 when played by a weak or beginning player, can win $2 through expert play. Those dollar amounts are just used to convey a point and aren’t meant to be precise.

Dollar expectation

So, what does this mean? It means that a beginning poker player can’t play a specific hand because it loses $6. An average player can’t play that hand because it loses $2. However, a world-class player should play that same hand, because it wins $2.

Am I saying that strong players can play more pots? Absolutely! And you’ve always heard that strong players play tighter than weak players, right? Well, OK, now don’t get confused. Strong players do usually play tighter than weak players – as far as starting hand selection goes. But that’s only because many weak players enter pots that they have no business playing. They play hands that even the world-class players couldn’t make profit from by using correct strategy on the later rounds.

So, yes, world-class players do tend to play fewer hands than weak opponents. But if the weak opponents were trying to win, then they’d have to play much tighter than the world-class opponents, because they wouldn’t know what to do on later betting rounds.

Simple fact

The simple fact is, the best players can enter pots with hands that would be theoretically unprofitable in games where everyone has their same skill. The extra skill allows them to play more hands. So, you shouldn’t criticize them for playing hands you think are losing, because in their control, these hands might win.

The better you are, the more hands you can play profitably. I know that runs contrary to the notion that the best players have the most discipline and play the tightest, but it’s the truth and you need to know it.

This is “The Mad Genius of Poker” Mike Caro and that’s my secret today. — MC

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament.

When Good Poker Advice is Bad

Wednesday, August 26th, 2009

Poker tip from the “Mad Genius”, Mike Caro

1. In poker, you need to adapt. Whether advice is good or bad for a particular poker situation depends on (1) your opponents, (2) your image, and (3) your bankroll. Some proven plays may not be good ones against certain opponents. For instance, I advocate making many “value bets” at high risk when you’re only a slight money favorite. When you do this, you’re pressing your advantage to extract every possible penny of profit. Weaker players will not always press their advantages, and - worse - they will act aggressively with some hands that don’t warrant a bet or a raise. That costs them money. But if you do know that a value bet is profitable (and it isn’t really a value bet otherwise), I believe that you should bet. OK, but beware. If your image is not correctly suspicious, you’re not going to get many calls, and you often shouldn’t bet medium-strong hands for value. And if your bankroll is too limited, you should forego some aggressive plays targeted at small profit but involving great risk. That way, you’ll hang on to your bankroll and can use those funds to make more money when you have bigger edges. In poker, you need the right tool for right now. A hammer may be a good tool for driving a nail into a shingle, but it’s not right for driving a meat thermometer into a roasting turkey. Today we’ll look at some of the good advice from the previous 37 weeks, and explain when it’s bad.

2. Betting second pair on the flop. I advise that often you can do this profitably in hold’em if (1) your foes are timid, (2) you have a big kicker, or (3) the top rank is small (all previously explained in other lectures). But don’t bet second-high board pair if your opponents look uninterested. If they’re acting, this monumental tell means that they’re waiting to pounce. And even if they’re not acting, you have little motive to bet. So, bet second pair often, yes. Don’t bet it against opponents who don’t seem to be paying attention.

3. Bet weak hands. On the last betting rounds, bet hopeless or nearly hopeless hands into opponents whose hands are apt to be equally bad. You’ll often win with that bet and avoid losing to slightly better hands in showdowns. This concept suggests that whenever you’re reasonably sure that neither you nor your opponent has a very strong hand, you’ll make more profit in the long run by betting than by checking and risking a showdown. But, consider your opponent. Don’t bet your weakest hands if you might be REbluffed. You won’t be able to call, assuming that your opponent doesn’t conspicuously overuse this tactic. So, try this play only against opponents with seemingly weak hands who are not aggressive or imaginative.

4. Be fun. If opponents enjoy playing with you, they’ll usually give you more of their money. But sometimes you can build an image that’s too carefree - and then your opponents may become inspired and play tighter and better, hoping that you’ll be their salvation. I’ve seen this happen many times. Opponents are losing and playing badly. You try to encourage them to continue by playing a few hands even worse. Usually this works, but beware. If you’re against opponents who do know how to play a strong conservative game, you might have just inspired them to come back to their senses - thinking that they can get even from you now. Remember, the object of a wild image is to get opponents to play loosely and carelessly, not tightly and selectively.

5. Tournament advertising. In a poker tournament, advertise before the limits increase. This gives you psychological value at a reduced price. But sometimes, advertising isn’t right at all in a tournament. If the increasing limits are going to cause your opponents to be bluffable in the next higher-limit round, you often should take advantage of that by maintaining a solid image now. Also, you need to have a full table when you bluff; otherwise, you’re paying for advertising that probably isn’t reaching a wide enough audience. And make sure that your table isn’t going to be the next one to break before you advertise. Otherwise, all of the people you’ve “set up” will be scattered around the tournament arena, and you’ll get little or no value for your advertising.

6. Benefits of a wild image. A wild and reckless image not only profits from more calls, it tends to discourage bluffs through intimidation. Players don’t like to bluff opponents who seem not to care about money. But sometimes, a fun-loving opponent will get caught up in your routine and will bluff a lot - just for fun. In this case, your image has enticed more bluffs from that opponent - and you should call more.

7. Playing against blind bets. You should tend to attack the blinds less when the players defending them are aggressive and unpredictable. “Tight and passive” are the best blinds to attack, for many reasons previously explained in my lectures. But, you sometimes should send a warning to aggressive and unpredictable foes on your left by raiding their blinds from late positions. Remember, these players to your left have a positional advantage over you on most hands, and you may diminish their will to maximize their positional advantage on other hands when they’re not the blinds. So, although the advice to be less aggressive in attacking blinds of opponents who defend them is valid, there’s also a time when you might want to attack those blinds, simply to make those opponents less aggressive in the future. Strange game, poker.-MC
You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

Raising With Small Pairs From Late Position In Hold’em

Friday, August 7th, 2009

POKER TIP from Mad Genius Mike Caro 

Although you can often call profitably with a small pair against a long line of players in hold ‘em, when you’re in late position and no one has entered the pot, it’s different. Then, you should usually raise, not just call.

The reason is that against many players, you’re trying to take advantage of pot odds by calling and seeing the flop. You realize that you’ll almost certainly need to improve your hand to win against that many opponents. But when you’re in late position, you can raise hoping to end up one-on-one or to win the blinds outright. If you do end up against just one opponent, there’s a good chance your small pair might be enough win the pot, affording you an extra chance to win that you would seldom enjoy against many opponents. The raise is designed to chase players out and give yourself that extra chance to win.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

Watch For Folded Arms

Sunday, May 31st, 2009

POKER TIP from Mad Genius Mike Caro  

One tell that I find quite profitable is folded arms.

When an opponent slumps or leans back in his chair and folds his arms between hands, he’s in defensive and patient mode. Don’t expect this player to suddenly get inspired and play a weak hand for the excitement.

When this player leans forward and decides to play, it’s almost always a legitimate hand.

The folded-arms type of player is content to lean back and wait. Don’t expect to see weak-starting-hands.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

When To Hesitate

Saturday, April 11th, 2009

POKER TIP from Mad Genius Mike Caro  

In poker, the time to hesitate is when you really need more time to resolve a close decision. Often things will occur to you given a little extra time. Or, under the extra pressure, your opponent may provide you with a tell. You might occasionally also hesitate for deception, so that alert opponents can’t determine that your pause always means you have a close decision.

Also, sometimes when you make a final bet with a big hand, you’ll be more likely to be called if you don’t bet instantly. Well, if you don’t bet ALMOST instantly, I mean. Because both a bet delayed for a few extra seconds and an unreasonably quick one are apt to make your opponents suspicious and more likely to be called.

But, unless there’s a specific reason to hesitate, you should usually make all your bets, calls, and raises crisply and confidently — because this enhances your image and speeds up the game.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

Adjusting to Wins and Losses.

Saturday, April 4th, 2009

POKER TIP from Mad Genius Mike Caro 

Many of your opponents will treat you differently when you’re winning than when you’re losing. That’s because they’re conscious of luck and fear you more when you’re “running lucky.” When this happens, everything is as it should be in the universe, and your opponents are easier to control. You can bet marginal hands for value that you wouldn’t be able to otherwise — because you’d be afraid that these same opponents would be inspired by your losses and would raise aggressively or play deceptively.

It’s true. When you’re winning, your foes are apt to be docile and well behaved, and this allows you to press every hand for maximum value without fearing that they’ll get maximum value for their hands, too. But, wait! What’s the best way to adjust, depending on whether you’re running good or bad? Simple. Most of your decisions in poker will be “borderline,” meaning that the decision isn’t especially clear.

Do this: When you’re conspicuously winning and faced with a borderline decision between checking and betting, bet… AND between calling and raising, raise.

But… when you’re conspicuously losing and faced with a borderline decision between checking and betting, check… AND between calling and raising, call. These adjustments works like magic, and they’re pure profit.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

More Bad News For Hold’em Small Pairs In Early Seats

Friday, March 27th, 2009

POKER TIP from Mad Genius Mike Caro

As you may know, I teach that it’s usually wrong to call the big blind early with small pairs, such as 2-2, 3-3, and 4-4. Many things work against these hold ‘em hands, such as (1) you can make three of a kind and lose to a larger three-of-a-kind, (2) if you get lucky enough that your pair might matter, a bigger pair (or bigger two-pair when there’s a major pair on board and your second pair isn’t large enough) might beat you, and (3) two bigger pairs might show up on the board, leaving you with essentially no hand at all.

But if this argument — and the simulation of millions of hands which I’ve done by computer — doesn’t convince you, here’s some more bad news: You usually can afford to call a single raise after you call the blind with a small pair, but not a double raise. So, if you call, and there’s a raise, and then there’s a re-raise, you should usually fold. But in folding, you’re surrendering a first bet without any shot at the pot whatsoever.

When I talk to people who are trying to analyze whether these small pairs are profitable in an early position, they seldom mention the fact that you might have to throw the hand away without seeing the flop. So, even if you can argue that the small pair is a close decision without the forced-to-fold factor, it is not a close decision when that factor is correctly considered. Once again: Seldom play small pairs from an early position, unless you’re in a very loose game with very timid opponents who don’t raise aggressively AND you can outplay those opponents on later betting rounds.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

Don’t Be Afraid To Move Down In Limits

Wednesday, March 11th, 2009

POKER TIP from Mad Genius Mike Caro

Many players see a good game at a higher limit than they’re used to playing. Usually, they wouldn’t play that big a game, but the conditions are so good right now that they decide to give it a try. That’s fine. Nothing ventured, nothing gained.

The problem is that once these players get accustomed to the bigger limit, they tend to not want to go back to their previous limit, even if the bigger game turns bad. They think it’s embarrassing to play smaller than others have seen them playing recently.

This attitude is sure to keep players broke. You need to play a game you’re comfortable with that is in keeping with the size of your bankroll. Sometimes, you can move up a limit to take advantage of profitable circumstances. But, while you’re building your bankroll, you need to be able to move down again when those circumstances change.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

Late In A No-Limit Tournament — Moving All-In

Sunday, February 15th, 2009

POKER TIP from Mad Genius Mike Caro:

It’s very late in a no-limit, percentage-payoff poker tournament.

You have a huge stack. You should often raise the first short-stack bettor by moving all-in against two or more  short stacks behind you with a medium-strong hand.

That’s assuming your opponents are rational and there’s no player with a big stack waiting to act. They simply cannot call without huge hands, because they need to survive and move up a position.

Rational opponents will seldom risk calling with their entire stacks, even when holding strong hands with moderate advantages.This tactic should be almost a routine play for you, under those circumstances.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at 9:30pm ET in the Bounty Tournament at Doyles Room.com.

If You’re Sometimes Stuck With Kings In Hold’em

Wednesday, February 4th, 2009

POKER TIP from Mad Genius Mike  Caro:

Don’t make the mistake of routinely throwing away a pocket pair of kings in hold ‘em when an ace flops.

Rather than being proud because you have the discipline to fold, you should be concerned that, overall, you’re costing yourself money.

That’s because when you have kings and, say, ace-jack-nine flops, bettors can be gambling that no opponent holds  an ace. They may be pushing pairs of jacks or nines for profit. They may even hold a smaller pocket pairs than your kings, or a straight or flush draw.

Or they may be bluffing.

Yes, you’re going to lose often, but you’ve got to hang in there much of the time with those kings.

On average, you’ll make more profit by calling than folding.

Remember, unless you have a solid read on your opponents and know they wouldn’t bet without aces or you detect a tell that indicates strength, you should usually call.

You can chat and play with the “Mad Genius”, Mike Caro, every Wednesday night at  9:30pm ET in the Bounty Tournament at Doyles Room.com.