/biz/ - Business & Finance

uh this is a huge topic. the game is very complex and goes very deep.

>>19309100
Idk i just open up my range as my stack grows and reduce it as it shrinks. Fundamentally just an odds game once youre past the begginner stage and know the stats.

>>19309100
Online low-mid level tournament crusher reporting in. Doubled my LINk stack recently. Ama

>>19309177
Yes

I like playing with friends. Played party poker back in the day. Recommendations for online games and tournies?

Personally I put the majority of my winnings in dividend bearing stocks
The game is exciting and a smarter gamble than stocks if you know what you're doing
>>19309701
I've been using blockchain . poker for like the past year. Traffic and money has spiked a lot because of the casino shut down

>>19309100
Read these:

https://www.amazon.com/Theory-Poker-Professional-Player-Teaches/dp/1880685000

https://www.amazon.com/Caros-Book-Poker-Tells-Mike-ebook/dp/B006305OHA/ref=sr_1_1?dchild=1&keywords=caro%27s+tells&qid=1590343147&s=books&sr=1-1

Books are outdated, maybe buy one or two, buy a subscription to one of the many trainingsites (depends on which gametype u specialize on) and once ur a bit more serious buy an equilibrium solver

Then, maybe then, ur as good as all the sergeys, igors and dmitries from eastern europe
Oh by the way, they also datamined your tendencies befire u even played them specifiaclly

Oh u made money? Have fun with all the fees and possible taxes too? Live in a ringfenced country? Never mind, no money for u

Position in the most important aspect of the game especially in cash. Play tight under the gun and loosen up towards the button. Being last to act is a massive advantage. Table selection is probably next, don’t play a game you can’t beat.

>>19309982
>Books are outdated, buy a subscription to one of the many trainingsites
>>19310045
>Play tight under the gun and loosen up towards the button.
Both of these fuckwits will get rekt in actual poker.

>>19309982
>Oh by the way, they also datamined your tendencies befire u even played them specifiaclly
You're not playing online poker if you aren't datamining the other player's tendencies. You're just the fish providing the profits that thinks he's playing.

>>19310128
>datamining the other player's tendencies

Capable players don't have identifiable tendencies in cash games. They all behave roughly the same way.

so how do you actually become good at poker?
how is it not just pure chance?
how can you actually earn money, how do you become "smarter" than other people who also want to do the same thing?

>>19310045

According to my HUD I’ve been losing the most money in BB and EP so I need to adjust this. Easy to get bluffed off the pot when you’re first to act

>>19310335
it’s not 100% chance, there is some skill since you’ve got to know when to hold em

>>19310211
>Capable players don't have identifiable tendencies in cash games.
False

>>19310211
>in cash games
>tournaments don't exist
>>19310211
>Capable players don't have identifiable tendencies
>it isn't useful to know if you're playing a capable player or a fish

>>19310335
>so how do you actually become good at poker?

Good poker players usually have a high level of mathematical ability. They can solve problems quickly. They often have at least undergraduate study in math or computer sciences. Often they have had employment in finance or would have become actuaries if they have the patience.

>how is it not just pure chance?

It is part chance part skill. Everyone gets the same luck but others have more skill, so those players are successful.

>how can you actually earn money

You don't. If you are gambling for a living poker was the thing to be doing 10-15 years ago but it is not lucrative any more. There is just not the army of crap players bringing a constant inflow of cash into the poker market for the good players to feed on.

Even a very good poker player is earning a crap hourly wage doing a miserable job sat in front of a screen, working unsociable hours. The notional appeal is sat there earning money without any talent, when you look underneath that it is just raw ego.

my story is that i tried to play at age 18-19 (3 years ago) and even bought a course on 6 man sitngos from rye. i tried to learn for real and played at the lowest level but burnt through my bankroll pretty quickly, maybe the sample size wasnt enough but actually i wasnt sure about a lot of decisions so i just kinda gave up. so maybe i'm biased but i think it's not a great way to have fun and make money because to make money you have to play really boring, all risks are calculated, you cant just "go for it" or "feel a read" which is all the fun. so you have to take all of that out of it and in the end of the day you may still lose over a long time frame because of variance. so yeah, probably not going to start again.

>>19310505
i failed high school maths and almost had to repeat the whole year, but have been playing poker professionally for 13 years, has almost nothing to do with maths, or if it does its ultra basic

>>19310571
>have been playing poker professionally for 13 years

Please tell us more.

>>19310335
>so how do you actually become good at poker?
>how is it not just pure chance?
>how can you actually earn money, how do you become "smarter" than other people who also want to do the same thing?
First you have to understand the math and the pot odds, which is why I posted the Sklansky book.
There are times it makes statistical sense to bet. The odds are in your favor, and times it makes statistical sense to fold. With consistent application and enough time, you churn a statistical profit.
In-person poker makes it easier, as you can evaluate the other player for tells, and increase your statistical return, which is why I posted Caro's book on Tells.
Tournaments also have their own strategy for when to hit the accelerator, and when to pump the brakes.
I actually think both books contain invaluable knowledge applicable to life and business in general.

>>19310653
what if everyone learns these odds, tricks, tactics, and shit and acts the same?
then what?

>>19309100
TNG has the most kino ending to any show ever

>>19310670
Seems like the final table of a professional tournament does come down to a large degree of luck, as they are all mostly experts.
Making the money cut, or the final table to begin wtih, or with regularity, requires skill.
Mastery of the numbers still requires teh intangible skill of reading other players.
Doyle Brunson speculated that ESP was real, and top poker players were a tad bit psychic.

>>19310670
Also to your point, Phil Helmuth is famously quoted to say that "of course there's luck in poker, otherwise I'd win every time."
Doesn't mean there isn't a shitload of money to make playing against non-experts. Sharks don't feed on each other.

>>19310670
>what if everyone learns these odds, tricks, tactics, and shit and acts the same?

If the minimum standard of player is quite high then you are not going to be able to chop people up. Even winning players would win slowly at a rate likely too slow to beat the combined rake.

Imagine an ecosystem without weak or young animals. The lions starve.

>>19310505
Real money is in live poker. You can easily make 50-100/hr. Currently making 5/hr online, but, once coronas over, I can get back to it. I use online to refine my game for live play. The skill level difference is amazing!

>>19310541
You can't beat online sngs anymore, they are all bots

If you find yourself up against Teddy KGB, and it's too difficult and timeconsuming to turn a profit becuase he's too good, and your game has devolved down to luck, then cut ties and play against easier prey.
However, if you want to play for three stacks of High Society, Teddy KGB may be the only guy in town willing to play for that much.

>>19309778
>>19310084
>>19310128

Ex pro palyer here (burned out after 2y of hu 200-400) unironically this fags is only one who makes sense here
>theory of poker is still best begginer book 30 years later
>volume and datamining are everything today
>most of you think its something exciting its boring af after some time
>99% of you are dumb money and could never put that commitment to learn to beat even low stakes
>If you love MMTs you need to live glued to screen
variance is bitch


Gl

>>19310608
only thing I can tell you is dont think about playing it now, its almost impossible to make it.

>>19311011
This. I play poker and I literally have to play all the time to make it and grind rakeback, it takes tons of discipline and is actually pretty fucking boring. I play in a club that’s part of the diamond union on PokerBros. In fact I have to go play now, good luck but I would try to do something else, we are talking about if you had a job where you made like $30 dollars an hour but it’s a back and forth of hundred dollar swings, imagine if you had a job where some days you did a better job than the day before and worked harder but you lost hundreds of dollars, I’ve been playing online since I was a kid for over 20 years. If you try to play online this is who you will be up against so good luck to you, and if you play live you get 25 hands an hour and it’s extremely boring and requires even more patience. In fact I have to go play now, and I don’t even want to

>>19311568
i hope u got good rakeback. best of luck

i had a 6 figure cash in february
im now grinding $25-100 satallites to bigger mttts. games are soft, not hard to be +ev right now if you put in a little work

>>19311568
you in the $500 tonight on bros? i sattied in yday

this thread is full of people who don't know shit about fuck

know opening ranges from every position, know 3bet 4bet 5bet and calling ranges for all positional matchups (slight adjustments for player type)
know how to choose bet sizes on different boards and which hands to bet which to check (you can't memorize this it's too much info. study solvers and use simplified heuristics to make decisions in game)
know how to adjust to exploitable tendencies of opponent (overfold vs nits, brain-dead value shove vs garbage tier whales etc.)
use intuition and logic to navigate hyper complex game
staying mentally and emotionally composed is most important skill

that's what you fucking do it's a lot of study and a lot of practice. it's not glamorous it's quite tedious and mostly boring

beats wageslaving IMO

If someone is clearly better than you then don't play against them, whiny niggers
Rape the fish instead

Almost up 100k on the year already. 6max NL cash player here. AMA

any tips for someone that has never played but is a fan of game theory and straight faces.

I've always been intrested but never actually learned poker I don't even know all the hands

>>19312480
Nice what all did you read or study (if anything)?

>>19312610
When I first started, I read some shit book on how to beat $1-10 SNG tournaments. Once I made a couple thousand, I dropped a couple hundred for access to a video training site. This was over a decade ago, but for someone getting started, video training sites are prob the best place to look for real strat advice

There is no such thing as a pro poker player. Stud is the only game which truly requires some math skills but luck is still of huge importance even in stud, I don't think Negreanu and Hellmuth are math geniuses, they are just paid actors by the "house" to advertise the game and increase profits for pokerstars.

who would you play poker with on the holodeck?

>>19309100
Be a sociopath.

>online poker is dead
>russian streamer turns $5 into $10k within a month on pokerstars

https://www.youtube.com/channel/UCG7cw3njDpeSkPN4dFp7vkQ/videos

outsmarted by a gypsy

>>19313999
before somebody says he got lucky hes literally done i think like 4 challenges with 5 usd bankroll starting at the microstakes

>>19312774
>I don't think
This is your problem. You don't think. Stop talking absolute fucking garbage.

My goal is to make this a regular thread here
For some reason poker generals die immediately on vg and tg but not here or tv

>>19312774
I’m a struggling poker player who feels like it’s all a crock of shit sometimes but you are a full blown retard who doesn’t know what he’s talking about

On how many tables, you guys usually play ?

>>19312480
After seeing this I think maybe I’m just a total faggot I’m on like a 22k hand stretch where I only made like $700 playing 100nl and I want to kill myself but I see you’ve had some down swings, i took a couple years off from online poker and I’m back again now playing on the apps and getting frustrated during the pandemic, I notice you started with a 65k hand break even stretch that must have been brutal, big ups man good job

>>19314514
I play on PokerBros and I play six max and use two accounts to play 6 - 7 tables

Gambling games are relative skill, so if you're saying its impossible to make money playing poker online anymore chances are you're just not as good at it as the people who are making the money.

Question for good players: Whats your favourite variant? Texas hold em has always seemed pretty boring to me. Something like Swingo seems way more interesting.

>>19314672
I have never heard of or seen swingo spread anywhere, the bad players like to play holdem or plo

>>19314707
To be fair plo and Texas hold em are basically the only games that are actually played

>>19314294
About to play poker with the buddies in an hour. Wish me luck anons

>>19314707
>>19314733
I suppose if you're playing for a living you're just going to go wherever the bad players are regardless, and the bad players are going to prefer simpler formats with less decisions.

>>19314738
Good luck

>>19314823
Yeah I don’t even really believe that many bad players play plo, plo games are softer live, but then you really get to play fuck all many hands per hour, as the dealer deals out four cards to each player and every idiot wants to see if they hit something on the flop and take forever to fold looking at their hand and the board over and over again

>>19309100
I just go with my gut.

Heads up super turbo 10/20% blinds that double every 2 minutes, game is over in 5 minutes. Nobody bluffs

>>19309100
Playing professional poker is a more consistent form of income than betting on crypto. I'm not joking. A former Starcraft player switched to playing online poker fulltime, like 20 games simultaneously, and now is rich and lives in Monaco. He was in a Joe Rogan episode from a couple years ago.

>>19313999
>>19314026
You don't win $$$ in poker by luck. You win over through incremental risk mitigating decisions over hundreds of games. Eventually it averages in your favor.