Free Online Poker Money vs. ‘Real Money’; NoPayPoker.com vs.Internet Gaming Sites
In closing this series of Articles a brief explanation of the ‘best strategies’ you can deploy at the ‘real money’ Internet gaming sites is appropriate.
I’ll label these strategies as ‘The Texas Hold-Em Bible’. And, while some of the items held within the list that follows will be a summary of ‘poker advisories’ offered up in Articles 1 through 6, all 13 ‘best strategies’ are worthy of your careful consideration. Better stated, from my perspective, all 13 are worthy of your inclusion in ‘real money’ game play. Yet, once again, I’ll repeat: “no clones, no robots, no duplicitive play”.
—- Patience: if you can’t bring patience to a ‘real money’ table, quickly self-identify with the word ‘absent’; you don’t belong in a poker game. Patience represents 50% of all the skills you’ll use while winning money on the Internets’ faux-felt.
—- Playable Pockets: if you can’t memorize a Playable Pockets Matrix (PPM) prior to playing at a ‘real money’ table, or, if you can’t abide by a Playable Pockets Dictum (either mine or your own) while playing at a ‘real money’ table, identify with the words ‘fools folly’; you don’t belong in a poker game.
In all candor, the simple combination of Patience (see above) and Playable Pockets, absent any other ‘best strategies’, is good enough to make you a winner on the Internets’ faux-felt.
—- Flops Percentages: if you can’t compete at a ‘real money’ table with a ‘Flops Seen Percentage’ of less than 20%, and, if you can’t compete at a ‘real money’ table with a ‘Flops Seen Win Percentage’ of greater than 40%, then you’re lying to yourself about both the level of patience that you bring to the game and the manner in which you use a Playable Pockets Matrix or Dictum.
And, when the lies are a reality, identify with the phrase ‘I may not look stupid, but I am’, you don’t belong in a poker game.
—- Set-Mining: if you’re gonna’ be an ‘all-in chip-flinger’ every time you’ve been dealt a pocket pair at a ‘real money’ table, do yourself a huge favor, identify with the acronym ‘SOS’ (Stuck On Stupid), and abandon all Internet gaming sites.
Then, remain a full-time player at NoPay. Or, get serious! Set-Mining is one of only two poker strategies that produces a Return On Investment (ROI) of greater than 100%.
Plus, the ‘solid’ players who combine both Patience and Playable Pockets with Set-Mining CAN NOT lose cash in ‘real money’ games over the long-term. It’s absolutely impossible.
—- Slow-Play: It’s the second of the two strategies that produces an ROI of greater than 100%, and, while you don’t have to use it to be a long-term winner in ‘real money’ games on the Internet (as described in the last strategy about Set-Mining), only a clown wouldn’t use it.
So, if you want to partner up with ”Pukie’, be my guest. But, if you want to add considerably to your ever growing bankroll as a ‘real money’ player, be certain that Slow-Play is a part of your game.
I mean, we don’t need to be nuclear physicists to quietly hold our ‘nut’ flush, check post-river to one or more ‘bananahead’ chip-flingers, and then, only then, come over the top.
—- Question the Honesty of the Game: Collusion, bots, random number generators, juiced decks, algorithms -¬†All of which could have easily frightened away many a good player. But, it didn’t send y’all rushing back to NoPay to play ‘farm animal’ poker.
No Way!¬†Each of you, given the possibility of it initially costing you a dollar or two, have learned to not only question the honesty of the game, but y’all have learned how to identify the ‘bs’, and, subsequently, both avoid it and get around it. No matter what ‘roadblock’ has been placed before you, your DETOUR sign is at the ready, and you’ll quickly proceed down the alternate highway to money winnings.
—- Targeting the ‘bananaheads’: There will likely be a number of ‘solid’ players at your ‘real money’ tables, and, of equal import, there will likely be a few ‘bananaheads’ present as well.
Certainly, as all of you have come to know, it’s more difficult to beat the bad players. But, it’s a fact of poker life that bigger winnings will come from the times when you get to ‘whoop up’ on the Bozo’s, the ‘bananaheads’, and the ‘PukieDumbo’ minions.
Thus, it’s a ‘winning strategy’ to identify and target these bad players. And, with conservative, carefully orchestrated play, you’re going to use your ‘heavy’ pockets, sets, and post-river ‘nut’ hands to ship these ‘Farm Animals’ off to gooseneck travel adventures.
—- Ego, Emotions, and State of Mind: Your ego was dropped the moment you got on-line.
You don’t ever bring it to a poker table. And, your emotions are always in balance. A loss on the river, serendipitously dealt by Lady Luck, does not cause you an emotional swing towards stupidity. A win on the river, serendipitously dealt by Lady Luck, does not cause you an emotional swing towards over-confidence.
Any elevated, extreme, or intense emotional movement up or down is an immediate cause for your use of the EXIT sign, you simply move away from your PC, and stay away until your emotions return to a balanced position.
Plus, y’all don’t ever play poker for ‘real money’ when your state of mind is in disarray; be it a personal matter, a family issue, a work concern, or anything else that might cause you to lose focus.
Remember, your Consistentency of Focus (COF), serving as your foundation for Visual Safeguards, can be severely comprimised by any Ego, Emotions, or State of Mind conflict.
—- Bankroll Management and Risk Tolerance: You ain’t playing in any ‘real money’ ring game (cash game) with more than 5% of your bankroll. And, you ain’t buying into any MTT game (tournament game) with more than 2% of your bankroll.
Plus, you’re fully versed on the fact that any loss or win is cause for an immediate adjustment to the 5% and 2% dollar values. For damn sure, if you lost in a poker session, you won’t ever ‘up’ the percentage of your bankroll in your next poker session. EVER! It’s a constant, it’s always 5% (cash game), or 2% (MTT game).
Additionally, you have a firm grip on your Risk Tolerance. And, you’ll never put an amount of money at risk that exceeds your personal tolerance level; regardless of how you arrived at that tolerance level….whether it was my way, figuring out how much currency you could destroy without it bothering you, or, whether it was your way, whatever that may have been. Risk Tolerance is the principal underlying element within Emotions Management.
—- Deceptions and False Images: Think of yourself as a part-time actor while playing for ‘real money’ on the Internet.
And, no, you’re not ‘acting’ as a poker player….you are a poker player. But, you can be a ‘thesbian’ regarding the ways in which you play your cards.
Your game should include ‘deceits’, ‘lies’, ‘falsehoods’, and honest ‘chicanery’. Now, with those thoughts in mind, take a few minutes to read, or re-read, Article 3 of the ‘Brick and Mortar’ series.
You can find it easily by clicking on this link: Article 3 of the ‘Brick and Mortar’. Quite naturally, however, since the materials in the B & M article are meant to be used at a ‘live’ poker table, you’ll need to adjust the ‘tutorials’ to fit with your future use at an on-line poker table. But, y’all will have little trouble in doing so, you ain’t ‘Pukie’.
—- Pot Odds and Implied Odds: Both are incredibly relevant to your ‘real money’ game play; both are to be used by each of you in just about all post-flop and post-turn betting situations.
You should never be playing a hand without a constancy of arithmetic calculations. And, whenever the resulting calculation does not provide you with ‘advantaged’ Pot Odds, you need to fold (unless Implied Odds suggest otherwise).
Plus, understand that ‘advantaged’ Pot Odds are defined by at least a 50% ROI.
> For example, your late position A/4 of hearts has been witness to a flop that contains 2 hearts and no board pair.
> You have about a 1 in 3 chance of winning the hand, and, Pot Odds of 2 to 1 would make for a long-term ‘break even’.
> Well, you ain’t playing to break even, you’re playing to win money.
> Therefore, you’ll need Pot Odds of at least 3 to 1 to attain a long-term ROI of 50%, Pot Odds of 7 to 2 for an ROI of 75%, or Pot Odds of 4 to 1 for an ROI of 100%.
Simple Arithmetic, all of which is based on your 9 ‘outs’ (the 9 available hearts in the deck).
—- In low stakes games always be certain to get rid of the garbage hands when you’re holding a premium pocket (AA, KK, QQ, AK, and AQs). We want as many of the ridiculous potential calls to the BB gone….they could hit on the flop with cards that match their garbage pockets, and we would then face a situation where our ability to read hands becomes compromised.
—- The Peter Principle: As delineated in the classic textbook written by Peter Drucker, titled “Management”, tells us that at some point all of us have taken one step too many up the ‘responsibility/functionality’ ladder; and, that we need to take a step backwards.
True, the book was directed at the business world; but, it applies to poker as well. We might reach the level of successfully competing on-line in $2/$4 NL poker, yet, every time we take our game to the $5/$10 level we get outplayed.
It’s the ‘Peter Principle’, and we’ve gone too far. It’s time to go back to the stakes level where we’ve routinely won money.
It ain’t a failure, it’s merely a recognition of our God given ability. It’s actually a major success; we were smart enough to identify our ‘responsibility/functionality’ limit, and we continue to play and win in a game we love.
Next, the importance of ‘Cashing Out’ is not just something to be considered, it’s paramount to the whole goal of winning money.
And, it often times has a substantive correlation to ‘The Peter Principal’, often times, not always. Hypothetically, if you began your ‘real money’ play with a bankroll of $200, you started your ‘feaux-felt’ playing with $10 in a cash game (5%) or $4 in a tournament game (2%).
Not surprisingly, given that you’ve disciplined yourself with ‘The Texas Hold-Em Bible’, you’ve regularly done some winning, and, over time, you’ve managed to increase your player account balance to $2,000.
Then, equally not surprising, you’ve stepped up to higher stakes games. And, while the regularity of winning at 10c/20c, 25c/50c, and 50c/$1 no-limit games seemed all too easy, the $1/$2 games produced very poor results, either a zero ROI, or a negative ROI (Return On Investment).
And, after a few attempts at altering the outcome in the $1/$2 games, your intellect identified with ‘The Peter Principal’; you recognized that you stepped up to an arena that is/was beyond your ability to compete successfully. It’s Okay!¬†You didn’t fail! You’ve made yourself a ‘true’ winner.
The time has come to start ‘Cashing Out’. And, no one has ever won money on an Internet Gaming Site who hasn’t cashed out their winnings. In fact, you’d never be able to describe yourself as a ‘cash winner’ if you didn’t cash out from your player account; the money ain’t yours until it’s either in your bank account or in your pocket.
In the end, you’ve found the level of stakes play that will accomodate your player skills, that will reward your command of the game, that will provide a reasonable Return On Investment, and, that will cause you to be ‘Cashing Out’ with a high degree of frequency. What could be better? You’re a winning poker player. I love it.
However, how much money should you be cashing out at any one time?
Certainly, you don’t want to cash out an amount of money that would require you to step down in stakes, you’re performing well at the ‘Peter Principal’ level minus 1; and, in said instance, as described above, that game play is at the 50c/$1 tables.
So, you need to maintain a player account balance that allows you to continue to play in those cash games (with attention paid to the 5% Rule). Thus, when cashing out, be certain to leave a bankroll that permits your continued play.
Alternately, you could use a 20% cash out guideline. Simply stated, when you’re taking money from the Internet Gaming Site, when you’re cashing out, every withdrawal is 20% of the money in your account.
A $2,000 balance would translate into a $400 cash out. Yet, you can never withdraw 20% if it is going to leave a remaining balance that would not accomodate your play in accordance with the 5% (cash games) and 2% (tournament games) bankroll usage rule.
But, cash out as often as you can; remembering that the money isn’t really yours until it’s in your hometown bank or in your hip pocket. Money left on an Internet Gaming Site, albeit won, ain’t yours while the site is holding it, and, since playing poker is ONLY about winning money, be sure to take the money whenever possible.
It’s your’s when you have it, it could be part of a ‘bankruptcy’ in cyberspace. Cash out with regularity; it’s your money.
Finally, it’s certainly true that I get paid to write, for NoPay, and for other poker forums.
Yet, be aware of the fact that I do not write about poker because of the money I receive, I write about poker because of the money you, and others can win or receive.
The very same is true of the poker lecture series I give annually, the poker classroom sessions I teach two times a year, the selective private tutoring that I conduct on a monthly basis, the syndicated poker column that I write, and the Limited Edition Poker Book that I wrote 4 years ago.
Plus, just about all of the money I receive is donated to Child Welfare charities throughout the United States. Should you care? That’s your business. But, keep in mind the very famous quote: “No man is as tall as he who stoops to help a child”. And, under no set of circumstances do I ever allow that quote to describe me. However, I’d be extremely pleased if it were to describe you.
Additionally, I want to take this opportunity to thank my friend Michael Tanaka, the owner of NoPayPoker. Not because he allowed my scribblings to be readily accessable to the NoPay membership, but because he believes in learning. He understands that poker is a game of skills, and he wanted members to develop those skills, or, at the very least, to have a chance to develop those skills. “Thank you Michael”.
Best of Luck at the Tables,
(c) copyright, November, 2011; all rights reserved by D. M. Vadnais
See all DM’s free poker training lessons on the “master” list of free poker lessons page.
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