3 Betting

156

Three Betting in Omaha Hi/Lo

John Cernuto

July 23, 2008

Even though Pot-Limit Omaha Hi/Lo is often considered to be a post-flop game, winning tournament players know that it’s important to regularly raise and three-bet their opponents before the flop, especially as the blinds and antes increase.

Why? Because applying pre-flop pressure against weaker opponents lets you create better post-flop situations and, on occasion, even lets you steal the blinds and antes with little resistance. With this in mind, the question then becomes, how often should you three bet? My answer is, as often as you possibly can without worrying about becoming short stacked.

Say you’re sitting on somewhere between 40 and 50 big blinds. This is the time when you should be accumulating chips, which means opening up your game and three betting the table in order to create heads up, post-flop situations. Your stack size is very important here because you want to make sure you can comfortably three-bet without becoming crippled if you have to give up on the hand after the flop. If you’re sitting on 35 big blinds or less, I’d recommend slowing down on the three-bet strategy unless you’re holding a monster hand like A-A-2-X.

Of course, there’s more to three betting than just throwing in an extra raise before the flop - you want to be smart about when you decide to pump up the pot. Let’s say a player in middle position puts in a raise and you’re sitting in late position with a hand like As-Qs-Jh-3d or Ad-Kc-Jh-2c. I don’t like flat calling with these kinds of hands here because I’m giving the players in the blinds better odds to follow suit and am creating a spot where four or five people could end up seeing the flop. That’s a lot of bullets to dodge.

Since these hands have a good chance of taking the high end of the pot, I think a better play in this position is to three bet in order to try and force the blinds out of the picture and to get heads up with the original raiser. (Read Perry Friedman’s tip on Omaha Hi/Lo Strategies to learn more about the importance of playing for the high end of the pot.) Once I’ve done this, I’m going to continuation bet after the flop every time, whether I connect or not. If my opponent plays back, I’m going to slow down since he’s almost certainly connected and may be well ahead. But, on the times he folds to my bet, I’m going to take down a nice sized pot.

Because of my aggressive approach in PLO Hi/Lo, I often get asked how to play back at opponents who, like me, try to three bet whenever possible. My answer is to call their extra bets pre-flop, assuming I have a playable hand, and hope to outplay them after the flop. The key is not to obsess about trying to see "cheap" flops because if you’re stealing enough blinds and antes with your own raises, you can afford to make calls that less aggressive players won’t.

Remember, even though post-flop play is arguably the most important aspect of PLO Hi/Lo, well timed pre-flop aggression can be a great way to pick up some extra chips on the way to the win.

Coin Flips

155

Two Sides to Every Coin (flip)

Team Full Tilt

July 16th, 2008

Poker is a game of choices. Some of these choices are fairly straight forward and simple while others take a lot of thought. The thing is that when all is said and done, there may not be just one correct path to winning a given hand; it's all up to you to decide what road to travel.

With that in mind, we asked Team Full Tilt's Howard Lederer and Chris Ferguson to share their thoughts on one of poker's trickiest decisions – the coin flip. Should players be willing to put everything on the line in a coin flip situation? Here are two different sides to the coin flip question:

Chris Says:

For the most part, coin flips are something that I tend to avoid. You never want to take on a negative EV proposition, so you can pretty easily fold a hand like A-K when you're certain your opponent is holding a high pocket pair like Jacks or Queens. Some players are willing to take a negative EV coin flip early on in a big tournament in order to accumulate chips, but this is an incorrect decision (unless you're trying to catch an early flight or make like Ivey to the golf course).

Of course, there are a couple of situations where pressing a coin flip can be the right move. For example, if you think your opponents are better players than you, then it might be correct to take a coin flip. When you're outclassed in a game and are certain that you'll be outplayed after the flop, taking a coin flip can help even the playing field.

By that same token, you should be willing to press a coin flip situation every chance you get against a player who thinks he's better than you. Make him avoid taking the coin flip by raising and putting a lot of pressure on him to make that decision. If he really thinks of himself as the superior player, he'll want to avoid that situation and keep folding until he gets the chance to try and outplay you after the flop. He may think he's the better player, but if you put a lot of pressure on him, you may end up outplaying him.

Howard Says:

I think people try to avoid them too much, especially after they've already committed chips to the pot. If the pot has 1,000 in it and you have to put your last 500 chips in to make the call, you're getting 2-1 on your money – yet people dodge this situation all the time. It's just wrong; you should love to take 2-1 on a coin flip even if you only have a 48% chance of winning.

When you have a hand like A-K and you could be running into Aces or Kings, committing chips to a coin flip is obviously not something you should be looking to do. But at the same time, when you're getting 2-1 on your money in a likely coin flip situation, I think its right to take the flip. It's a pretty big disaster if you're holding Jacks and don't want to flip against something like A-K, but it turns out your opponent has pocket 9s.

The whole point of a coin flip is that yes, sometimes you have the classic A-K versus Queens race. But what about all the times you have A-K and the other player has A-Q. When you have a hand where you aren't in a coin flip, you likely have your opponent dominated, and you should take that proposition every time.

With that said, there are obviously times when you should not be looking to take a coin flip. When you're in a situation where you have a lot more chips than your opponent, this is a good time not to take that flip. The more of an advantage you have over the other player, the less willing you should be to take the coin flip. Avoid that situation by not committing too many chips to the pot and waiting until after the flop to outplay the competition.

As you can see, there's no one right way to approach a coin flip situation. There are always two sides to every coin.

154

Sealing the Win

Nenad Medic

July 9th, 2008

If you don't think poker is a competitive sport, chances are you've never made it to the late stages of a major tournament where the only thing higher than the blinds is the pressure of playing for thousands - or even millions - of dollars in prize money.

As a former basketball player, I can compare the pressure of a WSOP final table to the final minutes of a playoff game where every play is crucial and any mistake can mean the difference between walking away a champion or a runner-up. From the crowds on the rails to the lights, TV cameras and reporters running around the floor, everything around you is amplified. Let the pressure and the circus atmosphere distract you, and you can easily watch your tournament slip away.

Pros who have been in these situations before - whether they're athletes on the court or players on the felt - understand the key to wining in this atmosphere is to maintain focus on the task at hand and to block out everything else that doesn't matter. TV cameras? Forget 'em. Railbirds? Block them out. Bear down and play, and let the rest take care of itself.

Unlike other sports, poker has one more X factor that you have to learn to deal with - the money ladder where finishing just one spot higher can mean thousands or even hundreds of thousands of additional dollars in prize money. For players who haven't gone deep in major tournaments, thinking about the short-term money jumps can be just as distracting as any TV camera. Succeeding at this stage takes focus on a single goal. For me, that goal is winning.

In my experience, tournaments can be divided into two distinct parts; in the money and out of the money. Before the bubble, my goal is to make the money. I want to cash and, hopefully, put myself in a position to win. After the bubble breaks, I aim to win. For me, and many other pros, the real tournament doesn't start until after we've reached the money and its here where I really try to concentrate on making the smartest long-term strategic decisions I can in order to secure a win.

A hand from Event #1 of this year's WSOP illustrates my point. We had reached four-handed play where the difference in finishing first and fourth was more than $500,000 when I got involved in a pot with Andy Bloch. I was holding pocket 7s and led out at a flop of Q-Q-3 only to have Andy make a pot-sized raise behind me. Though I don't know what Andy was holding, I'm guessing that he may have had over-cards and, possibly, a flush draw. While my two pair of 7s and Queens may have very well been good, it would cost me my entire stack on what was essentially a coin flip in order to find out. In the end, I laid my hand down and looked for a better spot.

Why, you may ask. Well, there are a couple of reasons. First, I had a big enough stack at this point that I wasn't committed to continuing with the hand and, while folding to Andy cost me some chips, I could still fold and sit comfortably in second chip position at the table. Secondly, and even more importantly, even if I was ahead of Andy on the flop, my read gave him 13 outs (approximately, a 40% chance) to make his hand. With my tournament life on the line if I called, I just wasn't getting the odds to gamble.

While making the tough hero call in front of friends, family and the ESPN cameras may have been a great poker moment that earned me a few minutes of glory, I did my best to block all of that out of my mind and concentrate on the task at hand - winning the tournament. By focusing on the game plan I devised earlier, I was able to walk away from a marginal situation with only a small loss and move onto the next hand.

In the end, my decision to pass on the possible short-term gain I could have realized in this hand paid off, as I went on to defeat Andy after we reached heads-up play. I'll take a WSOP bracelet over a few minutes of television glory any day.

Online To Live Play

153

Moving from Online to Live Play

Jordan 'iMsoLucky0' Morgan

July 3rd, 2008

After honing their games online for awhile, many players decide to take the next step and test their skills in a live poker room. For some, the transition comes easily but, for others, the differences between playing at a computer and at a live table can be difficult to overcome.

For many online players, one of the hardest adjustments to make is to the speed – or slowness – of live play. Where you may easily see 50, 60 or more hands an hour if you multi-table at home, you’ll be lucky to see 20 or more hands during an hour of live play. The game just doesn’t move as fast. Some players adjust to the “boredom” of live play by listening to music and zoning out while they’re not involved in a hand.

While I don’t personally object to listening to music at the table, I prefer to chat with some of the players seated near me during the game. First of all, there’s a nice social aspect to playing live – if you have a good table – that you just don’t get online. Secondly, chatting with your fellow tablemates may help you to determine what kind of players they are. Is the guy next to you just killing time at a $5/$10 table while he’s waiting for a bigger game? Is he in town on vacation and just playing a little poker for the fun of it? Is he a regular?

These little bits of information can help you categorize your opponents and determine what kinds of players they might be; serious, casual, aggressive, etc. Remember, the more information you can gather, the better decisions you’ll be able to make when you’re involved in a big hand. This brings me to another important distinction between online and live play – focusing on your opponent.

When you’re playing online, you’re working with a much more limited amount of information than you are live. Sure, you may be able to calculate how often a player raises or re-raises from the button and keep track of their statistics, but when you get right down to it, you’re playing your game based on your two hole cards and the patterns you can establish about your opponents. When you’re playing live poker, on the other hand, you have a lot more information that you can factor into your decisions.

How is your opponent betting or sitting at the table? Are they confident? Do they look scared? Does your opponent’s demeanor change when they’re involved in a hand? Do they talk more? Less? Are they tilting? Drunk? Loose? Because of all of the extra information available to you at a live game, I believe it’s much easier to make reads on your opponents and, in turn, to put them on a very specific range of hands – or hand – if you’re really paying attention to what’s going on at the table. One of the biggest mistakes I see many online players make when they first start playing live is that they overlook this extra information and play a very “general” game rather than focusing in on a specific opponent.

My advice for these players is simple; slow down, focus, think. While you don’t want to take two minutes to contemplate every single play, there’s nothing wrong with going into the tank every once in awhile during a live game or tournament. If you’re paying attention to the action and your opponents, there’s a lot more information that you have to process and this sometimes takes some time. Think about how the hand has played out – and about how your opponent has played the hand – and you’ll find that your game will improve.

FTOPS IX

Get ready to go for the gold and play for FTOPS glory.

FTOPS IX is bringing you 25 pro-hosted events with a guaranteed prize pool of more than $15 million, including:

• The $2,500 Two-Day tournament on Saturday, August 16th
• The massive $2.5 Million Guarantee Main Event on Sunday, August 17th
• Four other tournaments, each with at least $1 Million in guaranteed prize money

The excitement kicks off on Wednesday, August 6th, at 21:00 ET with Event #1, a $1million guaranteed No-Limit Hold 'em tournament. You can buy in to this – or any other tournament – directly or satellite your way in for as little as $1 or just 50 Full Tilt Points.

Make sure to come back to Full Tilt Poker throughout the series for video highlights and commentary from the final table of each event.

Check out the full schedule to make sure that you don’t miss out on any of the action of FTOPS IX.

Iron Man

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If you win that shootout, you'll have the opportunity to play three Full Tilt Poker pros heads up for up to $100K in extra prize money! So prove your dedication and take Iron Man Challenge today.