Monday, June 10, 2019

CORPORATION ED



“In most of our decisions, we are not betting against another person. Rather, we are betting against all the future versions of ourselves that we are not choosing.” Annie Duke Thinking in Bets



Holdem is too random to be left up to chance.
You would rather be skillful than lucky anyway--Sure anyone any ONE TIME gets lucky 100% of the time. The law of large numbers says that you will win the lottery. Ask yourself this question before sitting down to play poker: Lucky or skillfull?

"Whether my decision is good or bad depends on how I make it, not on the outcome." 

Improving decision quality is about increasing our chances of good outcomes, not guaranteeing them.

The Secret is about the law of attraction and results—the secret of poker is the complete opposite! And opposites attract!
The way to get better is to think about process not results—focus on better decision making and ignoring short term results.

Analysis Is Paralysis

Poker Bloggers are the sharpshooters that come down from the hill after the battle to shoot the wounded, in this case, the dead. I'll give it my best shot.

There is never a certain prescribed way to play a hand, just a way to think about them. There's the expected result, based on analysis, and the actual result, based on events. For Instance:




David Sklansky's Fundamental Theory of Poker is a theory which is not about poker. Instead it is a theory about the results of poker. In other words, you cannot use the Fundamental Theorem of Poker to solve any actual poker problems. It’s good for finding out whether I was lucky enough or not to be holding any two cards against an opponent. That theory is outlined early in his book:

"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." [17-18]

POKER: It is not about winning or losing, rather excelling: Because of the huge amount of luck associated with NLH, We often face uncertainty in making decisions, we can, therefore, make a good decision and get a bad outcome. (Bad beats are had more often by GOOD players than bad. Afterall, you are "getting your money in good"...only to get that suckout miracle card ruin your nut flush to a staight flush etc.) Good decisions in poker, therefore, will not guarantee good outcomes, but on average, consistently better decisions lead to consistently better outcomes.


"Good decisions are made one step at a time." Preflop, flop, turn, river.


Rock.Paper.Scissors. It's not just for kids anymore. Part coin flip, part drawing straws, RPS is not just some novelty way to gamble but a poker strategy to bet:

ROCK=CHIPS. PAPER=Cards. SCISSORS=POSITION.

Rock: wins against scissors, loses to paper and stalemates against itself.
Paper wins against Rock, loses to scissors and stalemates against itself.
Scissors wins against paper, loses to rock and stalemates against itself.

BET, RAISE, or FOLD-

You can't immediately win by calling; you can by betting, or raising! Furthermore, you need a stronger hand to call than to bet or raise. betting or raising allows the possibility of winning the pot immediately by forcing decisions on the other opponents, who may very well fold, with slim holdings....and never cold call a preflop raise with easily dominated off suit hands.

The Equity of Folding in a Tournament-Folding is the invisable way to winThe best way to win more is to fold more! Hand selection is really something to consider; so is position. Playing too many starting hands is the How Not to Do It way..When it is raised in front of you-Your mantra should be "I'm looking for a way to fold this AJ offsuit.

Knowledge isn't power---applied knowledge is. Luck isn't power either, but applied luck is the most powerful element in NLH: here's what I mean; Focus on decisions not consequences. Luck has consequences. Focus on decisions, not luck. What you think of me is none of my business, and what luck thinks of me at any particular time, is none of my business. Luck Positive (Winning) and Luck Negative (gad beats) are OVERHEAD; Chips, the cost of doing business!

Think about good decisions, not results. It's about the process not pots won---the chips will come. Do what you love and the money will follow--have a love affair with making sound decisions based on partial information. It is, after all, about excelling, not winning or losing a particular hand.
Make probability based decisions--How many outs do you have? What are the immediate odds-pre flop, flop, turn and river? What are the long shot odds for you and your opponent, once you put him on a range of hands? The universal tell in poker is called betting!

Poker without cards---bluffing. It simply has to be part of your game--- this Misleading Vividness. But remember: BIG POTS for BIG CARDS: The really powerful starting hands---High card value, suitedness and connectedness---have multiple ways to win.

"Cards are there for bad players" is not always the case. Neither is:" NLH is about playing the person more than the cards"

IN NLH there are 4 opportunities to bluff, 1 pre and 3 post flop.

LOOSE players are looking for reasons to CALL; TIGHT, to FOLD.

The more your bluffs matters, the harder they are to pull off because they are, after all, bluffs. It is, however, impossible to defend against a solid bluffing strategy. Reality is perception, and appearance reality. When you don' have good cards, however, somebody else probably does.


You aren't a bad poker player if you get caught bluffing sometimes or most of the time. You only have to win a fraction of the time to net a profit. Sklansky's (game)Theory of poker points out that you cannot play optimally unless you include bluffing into your game.
Every bet or raise can be a bluff, and you can beat a bluff with a mediocre hand. The only way to compensate for the bluffs of your opponents is to bluff them back!

Poker, in contrast,[to chess] is a game of incomplete information. It is a game of decision-making under conditions of uncertainty over time. (Not coincidentally, that is close to the definition of game theory.) Valuable information remains hidden. There is also an element of luck in any outcome. You could make the best possible decision at every point and still lose the hand, because you don’t know what new cards will be dealt and revealed. Once the game is finished and you try to learn from the results, separating the quality of your decisions from the influence of luck is difficult.
 ― Annie Duke, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts