Paul Ratchford – The Poker Capitalist Thu, 18 Feb 2016 19:46:53 +0000 en-US hourly 1 Poker Players Earnings /poker-players-earnings/ /poker-players-earnings/#comments Thu, 23 Jan 2014 01:52:50 +0000 /?p=527 Should you try to become a professional poker player and what are poker players earnings? These are challenging questions to answer. In my last post on mortgages for poker players I talked about the difficulties that poker players can have getting financing for property purchases. Now lets focus on the big question…. How Much Do… Continue Reading Poker Players Earnings

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Should you try to become a professional poker player and what are poker players earnings? These are challenging questions to answer. In my last post on mortgages for poker players I talked about the difficulties that poker players can have getting financing for property purchases. Now lets focus on the big question….

How Much Do Poker Players Make?

The answer is that it really just depends… Poker players earnings are incredibly unpredictable. I know that isn’t what you wanted to hear but there are a lot of factors that determine how much a poker player might make in a year. The two most important determinants of how much a poker players makes are.

  1. Luck is a very important part of the equation especially for players who mix stake levels and play a lot of tournaments. In fact, it is likely the most important determinant of profit in any single year with players focused on MTT’s. Cash games may be a different story depending on what kind of a strategy the player employs.
  2. Skill. Critically important is that any professional has a very high baseline skill level. Without this level he/she will have no chance of winning in the face of a zero sum game with a huge rake.

How Much Do Poker Players Make At MidStakes?

Poker players earnings at midstakes cash games and tournaments have been known to vary widely. I have known several players to make in excess of $100,000 in a year playing in midstakes games. How they achieve this number will vary tremendously. Some players are massive rakeback grinders some are huge winners and highly selective with their tables. I’ve talked extensively about table selecting and bum hunting in the past.

In order for a mid stakes poker players earnings to exceed $100,000 they will likely need a winrate that is in excess of 5 BB/100 unless they play major volume. The reason for this is simple.

1,000 hands per day * Avg work year (265 days) = 265,000 hands

If a midstakes poker players earnings are 5bb/100 at an average stake level of $2/$4 NLHE their winnings would equal.

5BB * $4 = $20 per 100 * 2650 (which comes from 265,000/100) = $53,000. Generally, there will be some player benefits mixed in as well which might amount to $10,000-$20,000. Bottom line is for a poker players earnings to exceed $100,000 they need to be crushing it with their winrate or with volume…. Deciding which track is the one you are most suited for is a decision that should be based on an individual players personal preferences and strengths.

Low Stakes Poker Player Earnings

Generally I would say these players are making under $50,000 per year. Many of them may not even crack $30,000 in a year. Most of these players are supporting themselves in some other way. The players will generally play no higher than $100 buy-in games. I would cover this in greater detail but Blackrain79 did a great post about this.

Problems Being A Professional Poker Player 

Dealing With Variance

This is one of the harder issues for many players to handle. Variance in poker doesn’t simply mean that you experience a downswing. The harder part about variance in the long term is that it creates uncertainty as to what you can reasonably expect to make. Take a look at this ugly downswing that a highly skilled player I know recently experienced. poker player earnings

 

Health Care

You can disregard this if you live in a country which has national health care (like Canada where I live). One thing that players often fail to account for is that, as a professional poker player, you have no employer-funded benefits. We all know that good health care can be very expensive. You may think it’s not a big deal- you’re young and healthy, and you can get a basic plan pretty cheap. That’s fine, but take a moment to think about your future. Do you plan on marrying or having children? Do you want your spouse and children to have more than basic emergency medical coverage? Buying a basic plan for yourself is one thing, but paying health insurance premiums out of pocket for an entire family can seriously cut into your earnings. Also, as you age, premiums can go sky-high. And we’re not even considering the possibility that one of your family gets really sick. Many of you may live in a country where your government provides universal health coverage. But if you live in a place that does not, it is definitely something worth considering while budgeting how much you will need to earn in order to support your standard of living.

Retiring From Poker

While health care benefits are an immediate concern, a longer term consideration is your retirement plan. Often employers have plans where they will contribute to your 401k plan, CPP (Canadian Pension Plan), or some other retirement plan for you. In some cases they will match your contribution up to a certain point. As a poker player you will not have any such benefits. In addition, in the US you will be subjected to the “Self-Employment Tax.” This basically means that you have to pay the employer and the employee contributions to Social Security or its equivalent. Depending on how much you make, this can be thousands of dollars per year. Also, you will need to plan on creating your own additional retirement fund. Given the poor financial position of government-run retirement plans around the world, it would be very prudent to do your own planning in this regard. As there isn’t an established system for this in place, planning on your own can be challenging for many people, especially those with little to no background or knowledge in finance.

Income Stability In Poker

Poker players earnings tend to vary dramatically from year to year. If any worker’s union in the country was forced to take a 20% pay cut overnight, they would strike and take to the streets in protest. Yet for poker players, a far worse fate can befall you and there is no effective way to fight it. Tightening government restrictions around the globe have put a serious damper on the money to made at poker games. Since the UIGEA (Unlawful Internet Gambling Enforcement Act) was passed in 2006, many poker players have seen their incomes decline significantly. In fact, after Black Friday, it was not uncommon to see professionals in the United States lose 70%-100% of their income as a result of Black Friday. Many of them also lost access to their bankrolls in Full Tilt Poker, which went bankrupt. Compounding the problem is the global movement toward ring-fencing online poker games. The term “ring-fence” refers to when a government restricts outsiders from playing with players in their own country. The result of this has been a significant reduction in the number and size of cash games that are played online. Worse still, ring-fencing has not reduced the pool of high caliber professional players as much as it has reduced the pool of recreational players. This is because when recreational players can’t conveniently find games to play, they simply don’t play. Professionals, on the other hand, rely on poker for their livelihood and will go to great lengths, perhaps even moving to other countries, in order to be able to continue their careers. Hundreds of professional poker players left the United States following Black Friday, many of them relocating to countries such as Canada and Mexico where government restrictions are not as tight. The shifting legal environment surrounding the legality of online poker makes being a poker professional challenging.

Social Status Of Poker Players

One more consideration is the lack of social status and/or social support that poker players receive. Relatively few people have a generally positive predisposition toward poker players in the way they do toward many other more “socially acceptable” professions. You might pay for this to some degree in your interactions with family and friends, in some cases rather seriously (ie. if someone has a religious or moral opposition to gambling and cannot support your decision). Rather than receiving the benefit of the doubt when you first meet people and introduce yourself as a business owner, doctor, teacher, or carpenter, instead you will often be met with incredulity, surprise, or even condescension (though some people will think it is awesome!). And I can guarantee that every single time you tell someone what you do, the same conversation will ensue, with the same questions (“You can make a living doing that? A good living?”), and you can never get away with a quick answer. You will often get judged as reckless or lazy, and many people will believe it is only a matter of time before you gamble away your house and everything you own. Obviously, the people you have close personal interactions with will hopefully endeavor to understand what you do, and how you do it, rather than simply judging a book by its cover, but this is certainly an obstacle for many to overcome. Keep in mind that first impressions do matter in this world, and yours as a professional poker player might not be as positive as you would like it to be.

Future Careers For Poker Players 

Your current decision to pursue poker as a career may also have an adverse affect on future career opportunities. Generally, in the corporate world when you make a decision to take Job A vs. Job B, it does not preclude you from later working at Job C. However, choosing poker as your career path can be a limiting decision because it may be difficult to reverse your decision at a later date and re-enter the work world. Though you will have been working, and probably quite diligently, many employers will view this as a period of unemployment and a significant negative “blank period” on your resume, especially if your results have been less than stellar. Even those who don’t see it as a negative will struggle to understand what skills and abilities you may have gained during this period of your life. At best it will be a difficult sell later in your career, and at worst you won’t even get a look because of it. Before you take the plunge, make sure you put some serious thought into any future career in which you may be interested, and how spending some years as a poker player might affect that. Let’s examine a couple of scenarios where we consider the financial implications of playing poker for a living.

Here are a couple of hypothetical scenarios, which in my experience occur on a frequent basis.

Ex 1. You make on average $50,000 per year at poker for ten years. Over ten years your gross income is $500,000. During those ten years your yearly income varies between $20,000 and $80,000, with a 5% chance each year of losing your entire bankroll and needing to find a “real” job. Does this sound appealing to you? Perhaps…

Now compare that to a 9-to-5 job where you start out earning $35,000 per year. In my opinion, if you are capable of making an average of $50,000 playing poker over a ten year period your work ethic, discipline, and intelligence are more than high enough to make $35,000 per year at a normal job. Assume you take a “normal” job and your income grows at an average rate of 5% per year as you move up the ranks. By year ten you will be making around $57,000 annually. The first few years of this scenario favor choosing poker, but between years seven and eight, with your normal job you will surpass the earnings of the poker player. More importantly, at the end of this ten-year period, your resume will look strong and you will likely continue to move up the pay grade.

If you carry this on for twenty years the results are even more dramatic. By the time you have been working for twenty years, your income will be just below $93,000. Add in health and retirement benefits if your company has them, and you will be making more than double what you would be as a poker player. Don’t forget that constant inflation will make your living expenses continually higher over the course of those twenty years, while your poker income will remain about the same, making your relative income significantly lower than when you started out. Unless the freedom of the poker lifestyle compensates for a dramatic pay reduction over time, I would seriously reconsider taking it up as a full time job under this scenario. There are plenty of starting jobs that pay close to $50k per year, such as financial analysts, computer programmers, teachers, traders, or sales representatives. In the vast majority of careers, more experience leads to an increase in pay, so long as you are a decent employee. This is not the case as a poker player, especially considering that the games tend to only get tougher over time.

Ex 2. You are able to make an average of $100,000 annually at poker for ten years. Should you become a professional poker player now? The answer is still not clear-cut. A lot will depend on what you do with the money that you make early in your career. Don’t forget that to some extent you could be mortgaging your future. You are accepting a higher rate of pay immediately, while recognizing that you are potentially passing up on other lucrative careers that may earn less now, but will almost certainly earn more in the future. Most poker grinders will struggle to consistently make $100k per year over the course of ten years. At this level of earning, you are undoubtedly a highly accomplished and refined poker player. If you are able to get to this point you are probably a talented, hard-working, and disciplined individual. Think for a moment about what you could achieve financially if those skill were utilized in an alternative manner. What could you accomplish in the corporate world? How successful of an entrepreneur could you be?

Your decision will be a personal one that neither I nor anyone else can make for you. It is important to be completely honest with yourself because only you know how much you are actually capable of earning, how much money you need or want, and how you personally can handle the emotional roller coaster that is professional poker.

All that being said, the benefits of this career path are obvious. What other career allows you to rise through the ranks quickly with no significant barriers to entry except your own abilities? How many other jobs allow you to take vacation whenever you want, or take a daily nap at 1pm? In many ways, I think that poker is analogous to the Wild West of early America. There is tremendous opportunity for a great life for those who are resourceful and hard-working, but at the same time there are many risks and pitfalls. How your career turns out will ultimately be up to you. Good luck with your decision!

For those of you who don’t already know I just released my new book “Exploitive NLHE”, which is perfect for NLHE players who already have a fundamental understanding of the game and are looking to improve further. I strongly encourage you to check it out.

By Paul Ratchford (ThePokerCapitalist) 

 

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Exploitive No Limit Holdem: How To Crush Mid And Low Stakes Poker /exploitive-nlhe-crush-mid-low-stakes-poker/ /exploitive-nlhe-crush-mid-low-stakes-poker/#comments Mon, 20 Jan 2014 06:37:05 +0000 /?p=508 I am super excited to announce that my e-book Exploitive No Limit Holdem is now on sale at ThePokerCapitalist. Exploitive No Limit Holdem is also available in bitcoin if you so choose. If/when you buy the book you will receive a download link that allows you to upload it in your preferred format(ePub, Kindle, or… Continue Reading Exploitive No Limit Holdem: How To Crush Mid And Low Stakes Poker

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I am super excited to announce that my e-book Exploitive No Limit Holdem is now on sale at ThePokerCapitalist. Exploitive No Limit Holdem is also available in bitcoin if you so choose. If/when :) you buy the book you will receive a download link that allows you to upload it in your preferred format(ePub, Kindle, or PDF). To learn more about this book watch my youtube video.

You can also find additional information about Exploitive No Limit Holdem here. Hope you enjoy the read!

If you have any questions or comments about the book I would love to hear them.

Here is my Profile on Google

-By Paul Ratchford “ThePokerCapitalist”

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Anonymous Poker Tables III (Poker Bots Cheating) /anonymous-poker-tables-iii-poker-bots-cheating/ /anonymous-poker-tables-iii-poker-bots-cheating/#respond Fri, 27 Dec 2013 09:07:51 +0000 /?p=316 It really amazes me that this stuff is not getting more attention than it is. I think a big reason nobody seems to care or write about poker bots is that they are mostly at low stakes. This is really terrible though, and I am trying to get the word out. I hope that networks… Continue Reading Anonymous Poker Tables III (Poker Bots Cheating)

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It really amazes me that this stuff is not getting more attention than it is. I think a big reason nobody seems to care or write about poker bots is that they are mostly at low stakes. This is really terrible though, and I am trying to get the word out. I hope that networks will do more to stop poker bots especially at anonymous poker tables where other players can’t police the networks. When playing at anonymous tables your opponents simply show up as player 1, player 2, player 3, etc. Here is an image that shows what anonymous tables look like. In this case the players are labeled Villain 1, Villain 2, etc.

Anonymous Table

I have talked about the potential for anonymous poker cheating previously. However, I was not aware just how developed the technology and support for poker bots has become. If any of you have challenged the “Neo Poker Bot” you will know that it is actually quite a challenging bot to play against. While I think poker bots are predominantly at low stakes I wonder how sophisticated they can be. Obviously, the low stakes bots just play a very TAG style and 3-bet in certain situations with premium hands for value. However, I have a feeling with a good poker mind behind one it could become quite a good player. After reading through some of the PDF manual I feel as though I could build quite a strong bot. What is really crazy is that there is a 90+ page user manual to support people that are trying to use poker bots to cheat. This is really disturbing to me. It really is unfortunate that such an operation exists. Poker players don’t want to sit and lose their money to a poker bot.

I did some research on forums around the web about these poker bots and they do not seem to be getting detected. It would be great to see some stats on this, but anecdotally it does not look good. Poker bots are especially a concern in an environment of anonymous poker tables. It can be difficult enough to spot a tight bot on a normal table, but unfortunately the task is much more challenging on an anonymous poker table. It amazes me just how many networks are moving toward this anonymous poker table model.

It seems fairly clear to me that numerous poker networks (I won’t name any names today) are not doing a good job of stopping cheating and bots at anonymous poker tables. I am not a technical support wizard, but I would love to hear some stats (from poker operators) on just how many poker bots are getting shutdown. Please poker operators if you are reading this feel free to contact me….. From what I can tell poker bots are all over the online poker world, and in all likelihood they are especially common on anonymous poker tables.

Would love to hear your thoughts

-ThePokerCapitalist

 

 

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The Rise of Internet Poker Part I /rise-internet-poker-part/ /rise-internet-poker-part/#respond Tue, 17 Dec 2013 20:49:02 +0000 /?p=274 The first hand of online poker was only dealt in 1998 (Source Wikipedia). Since then massive changes have occurred in the realm of poker gambling. The internet has revolutionized the way that poker is played. Perhaps slightly dramatic, but think for a moment about how gunpowder changed warfare, the wheel changed transportation, etc. Internet did… Continue Reading The Rise of Internet Poker Part I

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The first hand of online poker was only dealt in 1998 (Source Wikipedia). Since then massive changes have occurred in the realm of poker gambling. The internet has revolutionized the way that poker is played. Perhaps slightly dramatic, but think for a moment about how gunpowder changed warfare, the wheel changed transportation, etc. Internet did exactly the same thing for poker. Prior to the internet you had limited options if you wanted to play poker. Either you were playing in a home game, a poker club (possibly underground), or in a casino. The limiting factor in all of these games was player pools. This all changed in 1998 when the first real money poker hand was dealt online.

From this moment forward it was possible to play from the comfort of your living room. The far reaching impact this would have on the industry is still being realized today. Think about some of the benefits for players. I talk about life as an internet poker player here in my very first post

1) Convenience. No need to drive to the casino and waste hours of your day getting to a poker game. For players who live in regions of the country or world where poker games are scarce, they could simply login and play other opponents from around the world

2) Speed. It is essentially impossible to multi-table in the live poker world, but with the internet that problem vanished. Internet poker allowed players to sit at several poker tables at once, thereby increasing the amount of hands they are able to play in a given time.

3) Cost Efficiency. Dealers are not necessary to run an internet poker game. This allows online poker operators to reduce the rake taken out of games compared to that at a casino.

4) Profits. For some of the best online poker gamblers the convenience, reduced cost, and speed of the game enabled them to win small fortunes playing poker.

5) Liquidity!! Shared player pools make a huge difference. It is often difficult to find other players at the time of day, stake level, and specific game that you want to play (keep in mind there are several variations of poker). Internet poker changed that and as a result player volumes skyrocketed.

When history talks about the online poker boom (Chris Moneymaker) is often thought of as the “reason” for its rise. In my opinion, the reality is the rise of online poker was foretold when the internet became mainstream. Moneymaker was certainly a “spark” in the overall popularity of the game, but the powderkeg was already in place for the rise of internet poker before Chris Moneymaker won the WSOP Main Event in 2003

Part II

Internet Poker Sophistication Level Skyrockets

Internet poker didn’t just revolutionize the industry of poker and cause a huge boom: It also revolutionized the way the game was played. Because live poker is incredibly slow as a result of hands being physically dealt, players taking their time making decisions, etc., it takes a lot of time to gain experience at live poker. A full-time live player can expect to see about 30 hands per hour * 8 hours per day=240 hands per full day of live poker play. In contrast, most online tables run 60-100 hands per hour, and many internet poker players play 5-10 tables at a time. Some players have been known to play more than 40,000 hands in a single day. At that rate, each day online is equivalent to a lifetime of live poker experience!

In the days of slow live poker it was more difficult to develop a short-term, high-variance, high-reward, aggressive strategy for playing poker because down-swings can last ages at a live game. As a result, many players thought it best to play tight, avoid marginal spots, and slowly but consistently climb higher. Internet poker players, however, due to their ability to play high volume, realize that the best approach is to think about maximizing your expected value in every possible situation.

Poker Software Tools

Because hand histories were now being stored online it was simply a matter of time before a program was developed that could read these hand histories and integrate that information into useful real time statistics that are displayed in front of the player. The two biggest names in the business are Poker Tracker and Hold’em Manager.

These programs have fundamentally changed the way that players analyze the game. Most players today take a much more mathematical approach to the game and are less about “gameflow” and “feel.” In many situations they may simply look at their HUD popup to determine whether to call, fold, or raise. Knowing the exact percentage of hands that your opponent opens from various locations at the table, their raise frequency, check raise frequency, etc., has allowed players to analyze their opponents much more accurately and in depth.

Unfortunately, poker software also allows players to go on autopilot a bit and not be as engage while they play. This ultimately is detrimental to your reads in the game, which have a significant effect on your results.

Data Mining

Another significant change was the ability to data mine, or collect statistics on players without being seated at the table yourself, on certain websites. Most internet poker companies no longer allow this. However, many players have purchased and studied hundreds of thousands if not millions of hands. This has allowed them to develop a great deal of knowledge without having to put in as much time. As a result some 25 year olds have more experience (in terms of hands played and/or studied) than 65 year old live pros.

Data mining poker hands allows you to study stats such as 3 bet frequency, 4 bet frequency, fold to flop continuation bet, etc. See my posts here and here on optimal 3 betting ranges.

Online Vrs Live Players

For a long time there was a debate about who was better: live or online players? The reality is that most online players play live and most live players play online. However, poker players who developed their craft online tend to be much more solid in the fundamentals and generally better players than their live counterparts. The ability to play more hands, utilize poker software, and study hand histories have for the most part propelled them past their live counterparts.

The best indication of who has won this battle is the way the game has changed. Live poker is becoming more and more like online poker as live players have shifted their games toward the more aggressive online style. I recently did a blog post here about my trip to the local live poker game.

Poker Training Videos

A whole legion of internet poker training websites popped up as the demand for learning poker grew. The website that I work for Dragthebar.com, which is rang by a very skilled HU poker player (Hunter Bick) has an incredible amount of useful information on it for players trying to learn the game. Some of these videos are like watching a lecture or powerpoint, and others are live or delayed hand replayers. As you become a more advanced player I think that you will prefer the live or delayed hand replayers over powerpoint presentations. In general powerpoint videos tend to be a little more basic and focused on the fundamentals of poker.

Most poker instructors have a niche that they are very good at. Unfortunately, if that doesn’t fit with what you are trying to do then it may not be that helpful. I suggest trying to find poker instructional videos from coaches that are playing similar games.

In my second post in this three part series I am going to examine online poker cheating (Ultimate Bet) and the uncertain legal environment that started to plague the industry. Stay tuned for “Part II Revolution: Internet Poker Struggles With The Law”

Hope you enjoyed the post! Please follow me on Twitter

-ThePokerCapitalist

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Poker Vacation Kauai /poker-vacation-kauai/ /poker-vacation-kauai/#comments Sat, 14 Dec 2013 08:09:50 +0000 /?p=266 It has been a little while since I updated my blog because I have been on vacation! Everybody needs a poker vacation from time to time, and Hawaii is my favorite place to go in the winter. The island of Kauai is absolutely amazing and the temperature was 75-80 degrees the entire time. So I… Continue Reading Poker Vacation Kauai

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It has been a little while since I updated my blog because I have been on vacation! Everybody needs a poker vacation from time to time, and Hawaii is my favorite place to go in the winter. The island of Kauai is absolutely amazing and the temperature was 75-80 degrees the entire time. So I stayed close to the Poipu beach area with my wife and a couple of very good friends. One of my good friends has a cool website on fashion in case you are interested.

Our accommodation was about a 3 min walk to this beautiful beach

 

IMG_20131208_102736

 

There is also incredible boogie boarding just a hundred yards or so from where I took this picture. As you can see not a bad spot to take a poker vacation :)

So what should you do while on a poker vacation? In no particular order here are some of the activities I did while in Kauai

1) Golf

There is a really cool public golf course called Kukuiolono Park & Golf Course which features a solid little 9 hole golf course for only $9. They don’t have a website but you can read about them on trip advisor if you are interested. It really is great value for the money though and unless you are a super picky golf fan this is a great place for you!

2) Hiking

Through out Kauai there are a ton of great trails to take. One hike that I went on while in Kauai was the Kuilau Ridge TrailThis trail was not terribly challenging but had some breathtaking views. Here is a picture from the hike.

PANO_20131204_140052

 

3) Beach

Tons of great beaches to hit up while you are on your poker vacation. I spent most of my time at beaches in the Poipu area. There is a good one right by the Hyatt that is also the gateway for a hike through the lithified

4) Kayaking

There is a pretty cool waterfall that you can Kayak to while in Kauai. You can read about it here. This is just one company that had pretty good reviews on trip advisor. If I was doing it over again i would just do a self guided tour because it allows you more flexibility in terms of how fast you want to go.

5) Nightlife

This is definitely a quieter vacation spot than other islands in Hawaii like Maui. If you are looking to really party it up this may not be the place for you!

6) Food

Naturally, I also ate while I was on vacation. Unfortunately, the food in Kauai is not incredible. There is nothing wrong with it, but it just isn’t at the level of nice restaurants in Vegas, NYC, San Fran, or other major cities.

The bottom line is I would definitely recommend going to Kauai if you are looking for a beautiful island to take a poker vacation to. Hope you enjoyed the post and be sure to follow me on twitter if you don’t already!

-ThePokerCapitalist

 

 

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Poker Mind – What Tilt Is and How To Fix It /tilt-conquer-dreaded-boogeyman/ /tilt-conquer-dreaded-boogeyman/#respond Sat, 23 Nov 2013 20:48:12 +0000 /?p=256 In order for an internet poker player to control their poker mind and know what causes tilt, they first need to understand what it is, and what triggers it? Poker tilt is when a poker player’s frustration and confusion causes them to take less optimal lines than they otherwise would take. There are a myriad… Continue Reading Poker Mind – What Tilt Is and How To Fix It

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In order for an internet poker player to control their poker mind and know what causes tilt, they first need to understand what it is, and what triggers it? Poker tilt is when a poker player’s frustration and confusion causes them to take less optimal lines than they otherwise would take. There are a myriad of possible causes for tilt. In many cases the causes of a poker player’s tilt is unique to the individual. Lets take a look at some common causes and solutions to tilt.

Top 10 Causes & Solutions For Poker Tilt

1) Aggression is one of the most common causes of poker tilt. Many times when the Hero is faced with an aggressive Villain and he does not understand the Villain’s aggression, it will cause him to make poor plays. The key is to analyze the Villain’s play and understand it so that you can make sure you are not being exploited and/or acting in an emotional reactionary manner.

2) Health & Food: I think this is often overlooked by poker players, but is also a common cause of poker tilt. It’s important for mental stability to exercise the mind and the body. Also, being hungry or thirsty while at the tables can be a recipe for tilt. Make sure if you are putting in a long session that you are well hydrated and have had something to eat. Keep a healthy snack, like fruit or nuts, near your desk to grab during those long sessions when you can’t get away from the tables to prevent hunger tilt.

3) Long Sessions: In my experience this is one of the more common causes of tilt (sub-optimal play). It is difficult to play at an exceptionally high level for extended periods of time simply due to mental fatigue. Generally, I find that after 2-3 hours my perception of game flow will start to slip slightly. One way to overcome this if you want to keep playing is to take a brief break and get your heart rate up. I have found that a few push ups or sit ups can help to shake the cobwebs loose and bring back my mental focus.

4) Losing: This is another very common cause of poker tilt. The strategy here is to first determine if you are you losing because of bad play or bad luck. If the answer is bad luck then you have nothing to worry about and should be able to maintain your level. If you are playing poorly then it could be the aggression of your opponents or some other factor throwing you off. If you examine your losses in an analytical fashion like this, you should be able to re-group and avoid tilting.

Poker Mind - Tilt

5) Winning too much! If you are running insanely hot it can be difficult to keep playing solid loose aggressive poker. One issue can be calling or shipping too light, since you feel like you are hitting everything. Another issue can be maintaining your level of aggression and fighting for small pots. Even if you are up a lot it is important to stay focused on the small pots and your red line (non-showdown winnings). Having a massively positive blue line (showdown winnings) on your Poker Tracker can be a warning sign to avoid this type of poker tilt.

6) Fear of Tilt: I think that in some cases poker players think that poker tilt is some weird boogeyman in the closet that will jump out and snag all their money. As a result they start playing bad because they are afraid of “tilting”. They think the last time I ran up a bunch I “tilted” and instead of focusing and making good decisions they are distracted by this fear of “tilt”.

7) Entitlement: Unfortunately, there is nothing in this world or this game that says you “deserve” to win. Just because you won $100k or $1 million in the past doesn’t mean you are going to win today or tomorrow. Make sure that if you start losing, it does not cause you to play worse than your normal level.

8) Wanting to win too badly. Just because you want to win does not mean it’s going to happen. The only thing that can help you to win is playing well and running well. Unfortunately, you can only control one of those factors. If your desire to win is too strong it can get in the way of rational thinking when you are losing (which will inevitably happen when you run poorly in NLHE). This can in turn cause you to “tilt” by turning a rational game into gambling. Not needing the money and being properly bankrolled for the level you are playing should help to address this kind of tilt.

9) Distractions can be incredibly tilting. Maybe it is the phone ringing or the skype box popping up. Whatever the distraction is it is important to minimize its affect on your performance. The best way to do that is make sure you have an environment that is free from most distractions and be disciplined about keeping phone and skype conversations to a minimum.

10) Some players get caught up with their Expected Value and find themselves becoming frustrated if they are significantly below it. I talked with Jared Tendler about this on his radio show not long ago and the key with Expected value is to use it as a guidepost and learning tool. It is not perfect and you can’t expect it to be so.

There are a myriad of other factors that can also cause tilt. Consider network changes, personal life issues, etc. Make sure you always ask yourself why? Why is this factor tilting? Then ask yourself what you can do to address that issue.

The Poker Mind Is Not Mythical

Be sure that you understand tilt is not some mythical thing. The poker mind can quickly take a dark turn for the worse at the tables when you run bad. By turning tilt into some mysterious and mythical figure in the life of a poker player it implies that tilting at poker is unavoidable. The reality is that tilt can be avoided and managed with careful thought, work, and discipline.

Also, there is no such thing as being a “good” poker player except when you “tilt”. At least if you want a hope of winning in the long run. Being good means that you know how to manage your poker mind and minimize tilt it as much as possible. Many players say they are good until they “tilt”. However, in many of those cases their “tilt” moments are really just the times when they are running into the top of opponents ranges, and are in fact a part of their game. For example, they may semi-frequently run a poor bluff, but they only consider it “tilt” when the all-in shove gets called. This is the wrong way to look at the hand. It is either a good bluff or a bad bluff independent of the result. That is very important to keep in mind when trying to address tilt in NLHE.

The more you understand exactly what you are trying to do in every situation the less your poker mind will go off track. If you are uncertain that leaves room for poor decision making. For example, make sure that you are not just 3 Bet shoving 44 because you are frustrated with an aggressive opponent and end up getting snap called by 99. You need to understand why you are 3-Bet shoving, and always remember if it is an appropriate play then it is not tilt….

Tilt is not an excuse for the poker mind to derail. I hear so many players say that hand was excusable somehow “because I was tilting.” No! All hands are a part of your poker history and it is important to understand the bad ones (and what leads to them) as well as the good ones. The most important hands to analyze are your “tilt”/bad play hands. You may find that there were some very recognizable factors that led to the bad play. If this is the case you are well on the way to solving your “tilt”.

If you have any questions about my post fire them into the comments section. Please check out my book when you have a chance Exploitive No Limit Holdem.

-ThePokerCapitalist

 

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