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    The Habits of Winning Poker Players: Poker Books for Smart Players, #2
    The Habits of Winning Poker Players: Poker Books for Smart Players, #2
    The Habits of Winning Poker Players: Poker Books for Smart Players, #2
    Ebook66 pages55 minutes

    The Habits of Winning Poker Players: Poker Books for Smart Players, #2

    By Ashton Cartwright

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    About this ebook

    Poker has become a global phenomenon in recent years, and more and more people are getting involved, having fun, and sometimes winning big money playing.

    But what is it that makes one poker player successful time and time again, while another poker player never makes that big score? Why is it that the same group of top poker players keep turning up on final tables? What is it that lets some pro players win multiple WSOP bracelets in their career, while others struggle to barely make the cash? 

    The truth is that there are several habits that the best poker players have, and these habits make all the difference between winning and losing. The top players in the world have each developed these habits in their own way, and use them to dominate any poker table they find themselves playing on.

    The good news is that any player can learn these habits, and doing so will give you a much more effective understanding of the game, as well as a decided advantage over your opponents, both of which will help you show better results on the felt. 

    Poker is a dynamic game, and to be successful, you have to constantly be improving and refining your game, your playing style, and your habits. You need to understand poker maths, bluffing, general poker strategy, the differences between texas holdem and PLO, poker tournament strategy, cash games, and reading tells.

    This poker book was written so that you can take the next step in your evolution as a player.

    LanguageEnglish
    PublisherAshton Publishing Group
    Release dateSep 24, 2018
    ISBN9781386769934
    The Habits of Winning Poker Players: Poker Books for Smart Players, #2

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      Book preview

      The Habits of Winning Poker Players - Ashton Cartwright

      Introduction

      Poker has become a global phenomenon in recent years, and more and more people are getting involved, having fun, and sometimes winning big money playing.

      But what it is that makes one poker player successful time and time again, while another poker player never makes that big score? Why is it that the same group of top poker players keep turning up on final tables? What is it that lets some pro players win multiple WSOP bracelets in their career, while others struggle to barely make the cash?

      The truth is that there are several main habits that the most successful poker players have, and these habits make all the difference between winning and losing.

      The best players in the world have each developed these habits in their own way, and use them to dominate any poker table they find themselves playing on.

      The good news is that any player can learn these habits, and doing so will give you a much more effective understanding of the game, as well as a decided advantage over your opponents, both of which will help you show better results on the felt.

      Poker is a dynamic game, and to be successful, you have to constantly be improving and refining your game, your playing style, and your habits. This book was written so that you can take the next step in your poker evolution.

      With that out of the way, it’s time to move onto the Habits of Winning Poker Players.

      Know the Numbers

      "Many players learn just enough to lose money that they wouldn’t ordinarily risk."

      Ian Andersen

      Let’s start with the central premise of successful poker decisions: EV.

      EV is a poker term that stands for Expected Value or Expectation Value.

      Simply put, it is the amount of money you can expect to win or lose by taking a specific action in a specific circumstance, if you could repeat that action an infinite number of times.

      Using dice games as an example, imagine a friend offers to pay you 6 times your bet if your number comes up on a single die. If you bet $1 that the number 6 will come up, your EV will be 0. For every 6 times you roll the die, you will win once, (Winning $6, minus the $1 you bet, for $5 profit on that roll), and lose 5 times (losing $1 each time =$5 loss). Therefore if you repeat the situation an infinite number of times, you can expect to come out exactly even in the long run. Your EV is therefore 0.

      Now let’s say that your friend offers you $12 if your number comes up. If you make this bet an infinite number of times, you can assume that for every 6 times you play, it will cost you $6, and you will win $12 once, for a net profit of $6. Your EV in this situation is 100%, because for every dollar you bet, you stand to make $1 profit on average. Obviously you might get unlucky and lose 20 in a row, or you might get lucky and win 20 in a row. The important thing to understand is that mathematically, you can expect to make an average of 100% profit each time you roll the die.

      The most common use for EV (Expected Value) in poker is to determine the long-term profit or loss of taking a specific action in a specific situation. As a poker player, you goal should be to only play hands in +EV situations (i.e. a situation where you expect to win money in the long run, rather than lose money).

      Here’s an example of EV in action.

      You’re in a hand with 7 8 , and the flop comes A 5 6 , giving you an open ended straight draw. There is $100 in the pot, and your opponent bets all in for $20, and everyone else folds. You are pretty sure that you are behind at the moment (since you only have 8 high), but any 4 or 9 will give you a straight, which will give you the nuts, winning you the hand.

      If you call, it will cost you $20 to win $120. An open ended straight will complete about 31.4% of the time (let’s call it a third of the time to make the math easy for this example), so if you call, you can expect to win about 1 time in 3. It turns out that your 33% equity in the $120 pot is worth about $40. Since it only cost you $20 to call, it proves that calling is a very +EV play in this situation.

      If your opponent had bet all in for $300 however, it would be a different story. It would have cost you $300 to call, making the pot $to win a $400 pot. 33% equity in a $400 pot works out at about $132, meaning that the $300 call would only return you $132 on average, for a net loss of $168 every time you called in this exact situation. This play would be –EV (or Neg. EV).

      In practice it’s not usually necessary

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