Wednesday, May 31, 2006

Luck You

luck. 1 a : a force that brings good fortune or adversity b : the events or circumstances that operate for or against an individual

I thought it was pretty much a given that, over the long run, skill triumphs in poker. Isn't that why so many of us blog? Blogging is an effort to contribute to, and share in, a collective knowledge, and by doing so we hope to improve our own games to a point where we are at least better than the people we are playing against. In the past week, however, I've heard or read that some people think luck means more in poker than skill.

My initial instinct is to tell these people to stop sucking and improve their games, but then I wouldn't have the pleasure of taking their money. Plus, that presupposes that my theory (if (yourSkill > theirSkill) {LongTermWinner(you);}) is correct.

Listen, I'm not trying to claim that luck has no impact on poker. That would be Bill Walton level idiocy. (While we're at it, a note to Bill: Please never talk again.) On what I'll call F-Train's Chess-Roulette Spectrum of Luck, with chess equal to absolute zero and roulette equal to wickedly fucking retarded, poker definitely falls closer to the roulette pole than, say, baseball or the South Park variety of roshambo. It is entirely possible to get your chips in with one card to come, holding the top half of set over set, and lose. "That's some bad mazel yo", and a very different type than you'll see in a typical Yankee game, where luck runs more of the "Derek-Jeter-attempts-to-step-over-a-daisy-while-fielding-a-routine-grounder-
and-steps-on-an-irregularly-shaped-pebble-and-rolls-over-his-ankle-putting-him-
on-the-DL-for-60-days" type of unlucky.

There are two interrelated hallmarks of "luck", however, that are worth closer inspection as they relate to skill.

First, luck is a short-term phenomenon, no matter the game you're playing. In the same way that the baseball has no memory that the last time it was hit, it took an unexpected hop past the glove of stupid, juicing, grossly overpaid Jason Giambi (does that man ever stop sweating?), the cards have no memory that the last hand you played resulted in a bad beat of soul-crushing proportions. Even when that same suckout (by the way, you owe me a dollar) happens three times in a row (three dollars), or three times in one session, you may wail and gnash your teeth and claim that the universe is exacting some sort of karmic retribution on you for not helping that old woman with the gunt and the oozing lesion on her face off of the bus, but the fact of the matter is that you're experiencing a short term run of cards that defies the statistical norm. There is no random force of "luck" in the universe. There are only cold, hard numbers that dictate how infrequently a certain draw will come in, and the randomness and chaos towards which the universe is naturally predisposed that allow that draw to come in three times in succession.

How does skill affect this? One example is that it helps you to minimize your losses. When you haven't done something super stupifying like shove all-in on the flop, you can learn to discern when you're beat after the flop (based on betting patterns, verbal cues and physical tells) and release your hand. The less skilled player doesn't see this, and winds up losing his entire stack, tilting, making the walk of shame to the nearest ATM ("Have a Lucky Day!") and dumping more money into the game. Money you don't lose is as good as money you win.

The second notable characteristic of luck is that it affects all players equally. Imagine a universe of 10 Iggy-sized monkey-players, playing 10 million hands in succession from pre-flop to river, without any of them taking a break or leaving the table. After you cleaned all the shit and piss off of the monkeys and the table, you'd see that each monkey-player had hit approximately 4% of his 1-outers after the flop. Moral? Bring all of the rabbit feet, dancing hula girls, and bald-headed men to the table you want, but over a time horizon approacing infinity, the "luck" of each player is going to run the same.

Having said all of this, I should reiterate that it *is* possible to get lucky or unlucky on any discrete hand of poker. But my point is that over the long run, there is no such thing as luck, or at least the luck of all players is equal.

If the luck of all players is equal, why are some players long-term net winners while others are long-term net losers? Simple. The long-term net winners are BETTER PLAYERS than the long-term net losers. What else could it be? We've established that everyone's luck runs the same and that there is no long-term luck anyway. Any random number generator will tell you that each player receives an approximately equal distribution of hands (vis a vis other players) over the course of the long run, so it can't be differences in starting hands.

No, the long-term net winners are able to do things like (i) read their opponents for more information of a higher quality, (ii) extract maximum value from their winners (iii) minimize losses from their losers, and (iv) adjust to table conditions better than their opponents. Too many tight-weak poker bloggers (yes, yes, I point the finger at myself here, but my next post addresses this very issue) play one style of ABC poker no matter what type of game they find themselves in, and then bemoan their fate as "unlucky" when they lose. Guess what? This doesn't work! Poker is adaptive. Poker is situational. Sometimes a Sherman tank is a better choice than a diplomatic envoy. Other times a Sherman tank is an open invitation to mutually assured destruction.

Tournaments are an excellent lens through which to focus the discussion. To win a tournament, or even place highly, you have to get lucky and / or avoid being unlucky. There is no infinite horizon in a tournament, so the effect of any single lucky or unlucky play are magnified. However, over the course of thousands of tournaments (please don't limit your sample size to one or even two years of $10,000 buy-in tournaments - it's simply not big enough), you will see the lucky and unlucky plays balance out somewhat and the better players will have placed in more tournaments. Due to the top heavy payout structure that tournaments use, they may not have won as much money as other players, but they will have placed more frequently.

After all this, if you're deluding yourself into thinking that luck matters more in poker than skill does, ask yourself why you're not playing better. Or better yet, ask yourself why you're not asking yourself why you're not playing better. Yes, shining the harsh light of the truth into the dark crevices of your poker mind sucks, doesn't it? "It burnsssss us! Burnsss us, Precious!" When the Truth comes to town, however, you will find that you didn't play the hand as well as you could have more often than you think.

Let me give you an example.

It's the Dawn Summers 8-handed home game, $0.25/0.50 nolimit holdem, and I have taken the self-appointed mantle of LAG by (1) raising every time Dawn limps into a hand, and (2) generally raising or reraising 30% of my hands preflop and playing VERY fast after the flop. There are 4 limpers to my big blind when I catch AA. I raise to $4.50. Ugarte, at UTG+1, and Dawn, from the small blind are the only callers.

The flop comes 8-5-8. Dawn checks, I bet $15. Ugarte raises to $30, and Dawn folds. I push in, and Ugarte can't flip his Ah8h fast enough. No 1-outer for me and he stacks me.

At first, I sighed and gave Ugarte a look of disgust. "A8 suited?" I asked accusingly. Then I stopped and gave it some more reflection and two points struck me. First, I was playing the LAG role. Calling, with position, against a LAG holding a medium suited ace may not be all that terrible a play.

Second, what you don't know about Ugarte, but I do after having played against Ugarte over hundreds of hours of poker, is that Ugarte will be the first to tell you that he has a tendency to play tight weak poker. For him to raise over half his stack on the flop, he is sitting on a monster EVEN THOUGH I HAVE BEEN PLAYING THE LAG ROLE FOR OVER AN HOUR. (Of course, now that I've said that, Ugarte knows that I think he plays that way and will adjust his play. The cycle continues.)

Upon reflection, the evidence was ample that I was beat. Now, I could wail about how unlucky it is for AA to get outflopped by A8, and it's true that the odds gave AA a huge advantage, but the fact is I had a chance to minimize my losses after the "unlucky" flop came and I bull-headedly avoided it. Money you don't lose is as good as money you win, and I blew it.

Whenever I *play* a hand (note: outcome irrelevant!), I always ask myself afterwards if I could have played it better, even if the other player sucked out on me. If you're trying to improve your game and you're not doing that, you've got bigger problems in poker than the luck component.

[Edited to add: ScurvyDog has written an excellent coda to this post, managing to distill a few points more eloquently than I was able.]

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Tuesday, May 30, 2006

Fire At Will

Rather than have two posts sitting in my draft folder simultaneously, and because I don't have the proper time to get into this at length, I offer a simple resolution to the poker blogging community -- one that I'm sure will get me some hate mail.

Resolved: Players who think that, over the long run, luck is a larger part of poker than skill are players who refuse to confront deficiencies in their own game.

Back with more on this topic soon.

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Friday, May 26, 2006

From This, An Empire Was Built

Tuesday morning, I received the following email from Dawn Summers:

JACKS AND FOURS!!!!!

arrrrggghhhhh

"Jacks and fours" is a reference to a bad beat story Dawn has told approximately 400,000 times about how her aces were cracked by someone holding J4o who made two pair by hitting a jack on the river. As such, I sent her the appropriate response of, "You owe me a dollar."

Yesterday when I got home from work, I found a hand-printed envelope in my mailbox. Inside it was a crisp dollar bill.

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Thursday, May 25, 2006

Liberal Media?

...or merely misleading headline?

House OKs Crackdown on Internet Gambling
WASHINGTON (AP) -- A House panel approved legislation Thursday to crack down on the $12 billion Internet gambling industry by applying federal prohibitions to games like online poker, blackjack and roulette.

Read that again.

"House OKs Crackdown on Internet Gambling". Sounds pretty dire, doesn't it?
"A House panel approved legislation..." Oh, hmm, maybe not.

So, Goodlatte's bill actually made it out of committee. Color me impressed (no, really!). It still remains to be seen how it does on the floor of the House. I know he's very hawkish on this issue (check some of the earliest part of my archive for the first mention of Goodlatte's name in this space), but I'm predicting an inconspicuous death. Frankly, I don't think enough representatives care about this issue. Barring that, we can always hope that cooler heads prevail in the Senate, as they often do.

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Friday, May 19, 2006

TripJax's 20 Questions

TripJax has started an interesting poker blogger meme. My answers are below the fold.

Q: What is the biggest mistake people make at a NLHE table?
A: I would say the most costly mistake is getting married to a single pair, usually top pair or an overpair. This is closely followed by pushing in on the flop. While there is something to be said for aggression and destroying someone's odds, the fact remains that when you push in on the flop, your opponent only has one more opportunity in the hand to make an incorrect decision, instead of potentially having to make as many as three decisions.

In other words, "l2p after the flop".

Q: What is the biggest mistake people make at a limit table?
A: Calling bets cold pre-flop has to rank up there. The number of times I have seen people call two or three bets cold, out of position or with a really junky hand like an offsuited 4-gapper, is staggering. While these are admittedly "small bets", those small bets add up over time to a huge leak.

Q: Why do you play poker?
A: To win. Duh. Unless I'm at a home game. Then it's just to have fun.

Q: If you weren't playing poker, what would you be doing?
A: Getting laid, I imagine.

Q: What is your favorite poker book and why?
A: I've never been one for poker books. The only poker book I own is Sklansky on Poker, and I bought that only for the razz section -- material on razz is difficult to come by. I've heard universally good things said about Harrington on Holdem, though, so that seems like a good choice.

Q: Who is your favorite poker player and why?
A: I don't watch tv and I can't be bothered to follow the exploits of players in other media (internet, magazines, etc). I'm just simply not a starfucker. Putting people I don't know on a pedestal because the world can see how really amazing they are at doing one specific thing seems idiotic to me.

Q: Which poker player do you dislike the most and why?
A: I don't watch tv and I can't be bothered to follow the exploits of players in other media (internet, magazines, etc). If there's a reverse of starfucking (black hole fucking?), it would go here.

Q: Do your coworkers know about your blog?
A: My boss does. He discovered it over a year ago when I was checking for comments from work. It mostly passed without incident. I think he checked in occasionally after that, but as he is not a poker player, and the jargon can be pretty dense, I'm pretty sure he abandoned his check-ins.

Q: What is the most you have won in a cash game or MTT (both live and online)?
A: Online MTT: $4,800. Live MTT: $1,800. Online cash game: I'd have to dig up the records, but I would guess it's on the order of about $1,000. Live cash game: about the same.

Q: What is the most you have lost in a cash game or one day total (both live and online)?
A: Online: $1,000. Live: $800.

Q: Who was your first poker blog read?
A: The now defunct Ugarte's Poker Grovel at Rick's Cafe, which directly led me to Pauly's Tao of Poker after I met Pauly at a Blue Parrot home game in May 2004.

Q: What satifies you more, your aces holding up for a big pot or a bluff working for a big pot?
A: Psychologically, there's nothing "satisfying" about having your aces hold up, because you know that, going in, you are at a significant advantage. It feels much more satisfying to "get away with one" that you don't necessarily "deserve" by stealing a pot with a bluff (although thinking that you "deserve" anything at a poker table, for example having your aces hold up, is bound to lead to problems further down the line).

Q: Why do you blog?

A: It helps me sort my thinking about my own game and serves as a creative outlet. When I bother to post, that is.

Q: Do you read blogs from an RSS reader like bloglines or do you visit each blog?
A: Bloglines all the way. The only problem I've found with Bloglines is that I sometimes miss raging comment threads if I don't click through to the site to leave my own comment. By definition, I'm a bit of a lurker, not prone to leaving many comments, so this problem is more acute for me than for some others.

Q: Would you rather play poker for a living than do what you currently do for a living?
A: No. I'm quite certain that the monotony of playing poker for a living would suck all the fun out of it for me.

Q: Do you wear a tinfoil hat on occasion?
A: Only when the government is trying to tap into my brainwaves.

Q: If you had to pin it down to one specific trait, what does a great poker player have (or do) that separates them from an average player?
A: A combination of fearlessness and amazing intuition, refined from thousands of table-hours of experience.

Q: Is Drizz the coolest person on the planet for naming his baby Vegas?

A: Ask the kid in 15 years.

Q: What is your primary poker goal and are you close to accomplishing it?
A: Interestingly, I have no answer for this question. That's probably indicative of a problem.

Q: What is your primary online site and why?

A: If I had one, I suppose it would be a toss-up between Full Tilt (for the game selection and interface) and Party Poker (for the sheer size of the site). I don't have a primary site, though, because I find online poker tedious these days. I can't snap into the right mindset while I'm pointing and clicking and as a result I wind up too easily distracted.

Q: What site do you dislike and why?

A: Pacific has got to have one of the worst interfaces out there. I don't care how soft the games supposedly are, if I can't have an enjoyable user experience, it's not worth it to me.

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Thursday, May 18, 2006

Abdul's Theory of Sucking Out

Today, in response to an inquiry about limit holdem, I recommended that Dawn Summers of I Had Outs read up on Abdul's Theory of Sucking Out, naively assuming that a simple google search would unearth it from the terrabytes (unearth -> terra, get it?) of data streaming across the Internet. Then I ran the search for myself and discovered it not be as easy to find as I would have expected.

Well, let's fix that, shall we? With all due accolades to Abdul Jalib, I give you Abdul's Theory of Sucking Out in its original entirety. Most of this information has been covered ad nauseum by all of the poker literature flooding the market, but Abdul has a very clear, direct style that is easily accessible, and I think there's definitely something to be said for preserving this information, which was first posted to the usenet newsgropu rec.gambling.poker on June 28, 1999.

BASIC CONCEPTS OF SUCKING OUT

If you have the best of it on additional money going into the pot, you should try to maximize the additional money going into the pot. If given the money in the pot by the end you have odds to chase, you should at least call. Keep in mind that betting or raising will often give you additional ways to win the pot. If you don't have odds to chase or bluff, you should fold.

BETTING OR RAISING FOR IMMEDIATE PROFIT


Try to get money into the pot if you will win the pot more than your fair share. You will win more than your fair share of the time when you have more than the number of outs shown below for the number of opponents:

Betting or Raising
Breakeven Win Chance & Outs for # of Opponents

# Opponents Who Chances to Win You Need Corresponding
Will Be Calling to be Breakeven on Bet Number of Outs
1 1 in 2 23
2 1 in 3 15 1/3
3 1 in 4 11 1/2
4 1 in 5 9 1/5
5 1 in 6 7 2/3
6 1 in 7 6 1/2
7 1 in 8 5 3/4
8 1 in 9 5 1/9

When you have a strong draw, you usually want to keep people in, so think carefully about how to keep them in while increasing the pot size. Consider all your options. When no one has bet you can check-call, bet, or check-raise, and when facing a bet you can call, raise, or call-reraise.

Your outs are the number of cards that will complete your hand. For example, if you have JT and the board is KQ23, then any ace or nine will give you the nut straight, and there are four of each of those, so you have 8 outs. Here are some of the common draws:

     Outs When Drawing One Card (e.g., on the Turn)

Draw on the Turn Outs
4-straight & 4-flush => straight or flush 15
overpair => strong two pair or set 14
set => full house or quads 10
4-flush => flush 9
4-straight => straight 8
4-straight vs 4-flush => straight vs no flush 6
overcards => top pair 6
pair using board card => trips or two pair 5
gutshot straight draw => straight 4
two pair => full house 4
pocket pair => set 2

Your effective outs are your potential outs fudged downwards to better reflect your actual chances of winning the pot. For example, if there is a two flush on board and you think the flush draw is out there, then instead of 8 outs for a straight draw you effectively have only 6, as the other 2 cards bring in your opponent's flush draw.

On the flop, if you are planning on taking your draw to the river, then you effectively have a bit less than double the number of outs for one card:

    Equivalent Outs When Drawing Two Cards (Flop and Turn)

Draws on the Flop and Turn Outs
4-straight & 4-flush => straight or flush 26
overpair => strong two pair, set, house 22
set => full house or quads 15 1/2
4-nut-flush => nut flush 15 1/2
4-baby-flush vs. one => 5-flush 15
4-baby-flush vs. many => only 5-flush 12
nonpair => pair 11 1/2
gut shot straight draw => straight 7 1/2
two pair => full house or quads 7
3-straight & 3-flush => straight or flush 3
3-flush => flush 1 1/2
3-straight => straight 1 1/2

For the runner-runner draws, you need to use both your cards, except for an ace that makes a 3-flush. You should usually treat them as just 1 out, not 1 1/2, since a lot of things can go wrong with them.

CHASING

When you can't make money on additional money going into the pot, you still have to consider whether the pot will be worth chasing, considering your chance of winning it. For example, if the pot were 5 big bets on the turn, and it would cost you one big bet to call, you are getting 5 to 1 odds to call. Suppose you had a hand that would win 1 time for every 5 times it lost. In that case, if you were getting 5 to 1 odds from the pot, then your call would have an average result of zero, right on the border between calling and folding. If the pot were any bigger (like if you could expect a call on the river) then it would be clear case to call, and if the pot were any smaller, then it would be a clear case to fold.

Before explaining how to figure out precisely whether or not you should chase, here are some guidelines:

Rules of thumb for calling on the turn: Usually, call one bet with open-ended straight draws and flush draws, and with a medium pot size you can call two cold. With a set you should usually be calling all bets (or raising, of course.) Two overcards are usually no good to draw with on the turn, except sometimes heads-up. When the pot is big, you can call with a gutshot straight draw to the nuts.

Rules of thumb for calling on the flop: Call with any draw that you would call with on the turn, often for two bets cold or more. Call with gutshots to the nuts if you can be pretty sure you will only have to pay one bet. Also for one bet, a pair with a backdoor flush draw is very worthwhile, and so is a backdoor flush draw with a backdoor straight draw, and similarly for other combinations of weak draws that together become worthwhile. Be reluctant to call with overcards, unless heads-up or the board does not have many draws and you are pretty sure you have the best overcards, like AQ in an unraised pot.

With a little practice, you can be a lot more precise. You can learn to keep track of the big bets going into the pot almost subconsciously, and hence you can know the current pot size at all times. With a little experience, you can estimate the amount of additional action there will be. And your chance of winning is simply represented by your number of outs.

Your effective pot size is how much you can expect to win at the end if you indeed win. It's the current pot size plus expected action. Generally that will be at least one big bet bigger than the current pot size, possibly many more big bets if you expect a lot of action.

You should at least call when your effective outs times one more than the effective pot size is greater than the number of unseen cards. The number of unseen cards is usually 46 on the turn or 47 on the flop. Recast the effective pot size in units of
the number of bets you will need to call.

For example:

Suppose the board is:

    Flop   Turn  
7s 8d 2d 4d


You have: Tc 9c

Preflop an early ultra tight player limps, a middle player calls, you call late, and both blinds call. On the flop, the small blind bets, the big blind folds, the early player raises, you call, and the small blind folds. On the turn, your remaining opponent bets, then turns over red pocket aces, tells you he knows you are on a straight draw, explains that you don't have odds to call, and begs you to fold since
he doesn't want to risk losing. What should you do?

There are 6 big bets in the pot now. Unless he is sure about your hand he will check and call on the river if a nondiamond jack or six comes, so the effective pot size is more like 7 big bets. Your effective outs are exactly 6, assuming you cannot bluff him out on the end.

The answer is "it depends." It depends on your opponent. 6*(7+1)=48, which is greater than 46 (or 44 in this case), so you should call if he will pay you off, but if he will fold if and only if a nondiamond jack or six hits, then you get 6*(6+1)=42, and you should fold.

BUYING A FREE CARD


You can raise in late position on the flop with the intention of checking it through on the turn. Seeing the river card is not free in this case, but half price. Actually, it's a bit less than half price, since your flop drawing odds are better than your turn drawing odds. Savvy opponents are well aware of this play from flush draws, however, and may thwart it by betting into you on the turn. Use this play sparingly, mostly when you have big overcards versus a few weak opponents, and you can always adopt-a-flush-draw if the flush draw comes in (that is, bet to represent a made flush.)

SEMI-BLUFFING


Your opponents cannot fold if you never bet or raise. Betting or raising usually is worth at least 4 outs, sometimes 20 or more outs, in terms of increasing your chance of winning the pot. Sometimes when you would have to check and fold rather than check and call, you can bet profitably instead. The combination of a chance of winning with your draw and a chance of your opponents all folding can make betting (or raising) more profitable than checking (or folding.) David Sklansky coined the term "semi-bluffing" to describe this concept.

If you've been betting hard the whole the way, your opponents may not put you on a draw, and may fold to your bet on the come, or to your bluff bet on the river, allowing you to steal a large pot. For this reason, and since you presumably cannot win in a showdown without making your hand, think twice about taking a free card on the turn, if you think a bet there or on the river might buy you the pot.

A MADE HAND WITH A DRAW


Sometimes you will have a pair a flush draw, or other combination of a hand that may be best and a draw. When your made hand is vulnerable or likely already beaten by fairly weak hands, you usually should play such a hand very hard, trying to force out
better hands and hands that could draw out on your made hand, with your draw as a backup in case you get called down by a better hand. Even with a very strong hand like a made straight with a flush draw, you might wish to play it hard, hoping to get almost unlimited reraises from an equivalent straight that you are "freerolling" to
beat with your flush.

CONCLUSION

For novice players, this information can be of great use between sessions to answer that nagging question, "should I have called?" This will improve their intuitions in similar situations in the future. For veteran players, this information can be used in real time at the tables to make better decisions.

ACKNOWLEDGMENTS


My departed friend Andy Morton came up with the multiplication trick for determining if you have odds to call. David Sklansky was the first to publish much of the basic concepts and terminology in _Theory of Poker_.

--
Abdul

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Thursday, May 04, 2006

Two in a Row

Booked a $320 win last night. The confidence is starting to return, though it's a bit nerve-wracking to have an all-in called by a cally-wally on a board of J-T-2-9 when all you have is an overpair. My $320 win couldn't hold a candle to SoxLover, who turned $300 into over $1,000 in an hour and ten minutes by catching every single draw he flopped and getting paid on all of them. Must be nice.

At least my singing at the poker table annoyed him. Have I mentioned how much I like to sing at the poker table? Only about a dozen times, I think -- but I've never mentioned how annoying most other people find it. The implied tilt odds are through the roof.

Karaoker, kids. It's the sport of the future. [Note: Karaoker has not been endorsed by Don "the Dragon" Wilson.]

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Monday, May 01, 2006

Dawn Funny (Sometimes)

But now F-train is on serious dealer tilt.
“Dude, you need to go to your happy place. Umm...picture lots of cats. Pet the cats, F-train. Oooh...pet the cats,” I say trying to snap him out of it.
Insert glare.
Dawn, meet F-train’s unfun alter ego, the FU-Train.
Yikes.


Read it all.

P.S. Dealer tilt was caused by the dealer not having a sense of humor and mumbling in totally incomprehensible pidgin English after I lost a $300 pot to a bad beat.

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