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6:16 pm October 5, 2007
| tobori
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| posts 63 |
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…..saves my poker playin’ arse.
new card room at Palm Beach Kennel Club with recent law changes in Florida and this strange game- $5 ante limit holdem.
9 players ante $5 each and every bet on every street must be $5. on a typical hand 6 to 7 see the flop, a raise here and there, and 2 to 4 showdown. thats an average pot well over $100 ($5 rake).
i know from your texts that unsuited high cards and high pairs
are going down in value and (not just primary) draws are going up in value with 9 bets in the pot before you see two cards. post flop draws will be played according to pot odds and implied pot odds and bluffs will be almost meaningless.
without going into detail could you possibly give me an idea of
at least what directions to adjust starting hands from typical limit standards? for example in late position on 1st street and 13 to 15 bets in the pot what AREN’T you going to play to see a flop?
your starting hand guidelines for both limit and no-limit are what have given me the confidence to stay in this crazy game. i need the confidence in this game that i am at least starting off right
and a hint or two from you about starting hands would be very much appreciated.
any ideas from others would also be appreciated. i KNOW this game is a goldmine and can handle it ok post-flop but its pre-flop that has me mystified (it seems to have the other players a bit confused also).
thank you, tobori
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7:10 am October 6, 2007
| BTR
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With 9 players and a $5 ante, your being laid 10 to 1 minimum to see a flop. Any two cards should work here. If all 9 see the flop you only need to win 5.5% of the time to break even if the action STOPS at the flop. I disagree with this game being a gold mine. Most mistakes in poker are people entering pots that they shouldn’t. The structure of this game completely eliminates that mistake.
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2:50 pm October 6, 2007
| JJS
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This game is a gold mine alright - a gold mine for the house. They are sure of getting a good rake out of every single pot. I’m sure that’s what this structure was designed for.
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5:07 pm October 6, 2007
| tobori
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BTR- that’s the conclusion i came to- see the flop with almost any 2 cards and i get what you are saying about the ante structure preventing players from making the mistake of seeing a flop they shouldn’t.
JJS- no doubt this is a house game but the other holdem games
( 1-2 L, 1-2 NL and 2-3 NL) also have a $5 rake with pots smaller on average than this game.
at the end of the nite there are usually 2 or 3 players with upwards of a thousand bucks to cash out of this game which is more than the winners at the NL tables. (max buyin is $100).
still there must be a way to have an advantage in this game.
surely some starting hands should be mucked. and even if everyone is getting the price to chase all kinds of draws surely some draws are better than others (some draws should be folded).
so where are the points to seek an advantage? if everyone sees the flop with any 2 cards then thats 18 bets in the pot almost like
your anteing $10 (2 bets) to see your 2 hole cards AND the flop and the real strategy starts at the flop.
i think the advantages are going to be found post flop by determining if the hand will be a high card or draw board and folding or raising appropriately. i think the dead money in this game will be the antes (of which you will have a proportionate share) and the high card and week draws that go to showdown.
OR are the pot odds so high that almost everyone just stays in
to the end and the lucky one wins- almost like roulette where everyone will win their proportionate share and the house wears down everyone with the rake?
the answer may lie in the reasoning that changed early ante
holdem into a blind stuctured game. i’ll bet Ed knows.
tobori
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7:00 pm October 6, 2007
| JJS
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tobori said:
JJS- no doubt this is a house game but the other holdem games( 1-2 L, 1-2 NL and 2-3 NL) also have a $5 rake with pots smaller on average than this game.
Oh is the rake always $5 regardless of the pot size? Based on your first post I was assuming that the rake was $5 for a $100 pot but the larger pots would generate larger rakes. If that’s not the case and the house makes no more rake on this game than on others, then I wonder why they even have this strange structure at all?
I wish I could answer your main question but it’s above my head. My best guess is that your advantage, if there is one, comes mostly in post-flop play as you said. But how to do it is the question. Maybe Ed will come up with something.
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6:36 am October 7, 2007
| tobori
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JJS- all the pots are raked $5 by the flop. altho i should know, i’m not exactly sure how they get it to that amount as they start off by raking $2 or $3 after the first bet but it maxes out at $5.
apparently the state put a $5 cap on limit bets and a buyin range
of $60 to $100 on all poker games. the $5 limit max doesn’t make much sense when you can go all-in on the NL tables for a thousand bucks if you want. the card room calls this $5 ante game “high stakes” and i think the reasoning is that this is the way to generate the largest pots with the $5 cap.
i can’t seem to get my head around a strategy either. there is a paradox that the pot odds suggest you play a very extended range of hands yet you are still up against 8 other players and will on average be dealt the winning cards 1 out of 9 times (no one is
being pushed off hands).
i’m trying to apply the maxim “bet more on your winners and less
on your losers” but figuring winners and losers early in the betting with the pot odds offered is stumping me. sometimes i think that
just playing a simple limit strategy will work but then see all kinds
of holes in that created by pot odds.
i’m now searching for the reasoning that created blind bets- small and big as is played today. i’ve read that holdem started off with all players anteing an equal amount but over time changed to blinds. does this ante format simply make the game “a crap shoot”
as everyone will just tend to stay to showdown? but stud and draw poker have equal antes and they aren’t “crap shoots”.
one thing i keep coming back to is that this is still limit holdem and there will still be 1 winner per hand (except split pots) and many of the players staying to showdown must be putting dead money in the pot- but HOW can i not be one of them if i’m getting the rite odds to chase?????
tobori
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3:09 pm October 7, 2007
| BTR
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Stud and draw have antes, but the antes aren’t equal to a full bet. Typically the antes is only a fraction of a full bet. Stud also has a "bring-in" which is twice the ante but also smaller than a full bet.
On the flop you need to be doing a lot of raising. Raising with Top pair, raising with middle pair, raising with bottom pair, raising with good draws, raising with bad draws. You need someone to fold their equity.
With 18 bets in the pot on the flop, if someone bets top pair and you have bottom pair you have ~20% equity to hit trips or 2 pair. That’s about 3.8 bets, you won’t be good everytime so you can adjust it to 3.5 bets to keep the math simple. You MUST raise here to protect your equity. You would love to get someone to fold bottom pair better kicker, or maybe middle pair. They certainly won’t do it for one bet. In fact you have so much equity with bottom pair you could 3 bet it and still be in the profitable range.
That should give you an idea on how to proceed, two pair is worth ~4.5 outs so you can imagine what you should be doing with an OESD or 4 flush. You could peel a single bet with unimproved overs, it would be close to calling 2 cold with unimproved overs.
On the flop you should be sticking around with virtually ANYTHING that has a chance and raising with most of them. Your number one goal should be driving other people out of the pot. The pots are just too big to do anything but play extreme lagtard.
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5:29 pm October 7, 2007
| tobori
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thanks BTR but these players don’t get pushed off BAD hands for
any amount of betting or raising much less being pushed off paired or draw hands.
i watched this game for a couple more hours today and couldn’t believe (or understand) all the raising going on. the average pot
was about $160 with 8 to 9 players and on about every other hand a bet would be capped at $20 after 3 reraises on at least 1 street. seems once these guys call the first $5 bet that no amount of reraising is not then called.
same catch 22- almost everyone is getting pot odds to call but only 1 hand will win. with all the reraising and still half the table seeing a showdown i am thinking that the correct strategy involves seeing the flop with high unpaired cards 10 or above, any pairs and ANY two cards that could flop a primary draw with the help of 2 of the 3 flop cards. as i saw the game played the money is made by folding rite away if the flop doesn’t provide you with a good draw (8 outs or more- which hands you raise with) and folding hands like high pairs with flops that could offer others draws. it seems contadictory to what i read in books, but weak draws that still have pot odds seem to require mucking (EVERYONE has pot odds).
a side benefit of playing this 1 table (sometimes they offer 2)
is that you are much more likely to collect a bad beat jackpot here than any where else in the room and those jackpots are averaging around $20,000.
i realize responders to this thread have taken time and thought to help me answer questions which you will most likely not face yourselves due to the atypical structure of this peculiar holdem game and appreciate it.
in the back of my mind i feel the answer to the catch 22 in this game does reveal something about pot odds in general in that just because you have pot odds that doesn’t always mean stay in the hand to the end.
tobori
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3:56 am October 8, 2007
| tobori
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the puzzle has finaly fallen into place and i realize Ed has already instructed how to play this table in his books and the solution does reveal something important about pot odds in other (normal) holdem games.
ignoring the ante structure of this game i have simply been watching an EXTREMELY loose aggresive limit holdem game. the looseness is induced by the ante structure but shouldn’t be. the players are hanging in the hands way too long for way to much money because they are thinking the proverbial “i can’t fold because i’m getting great pot odds”
pot odds alone are only part of the story. two players have a flush draw on the flop. one has K9s and the other 85s. sure they both have pot odds in a game like this but that isn’t going to help the guy with 85s at all. you look at the pot odds to determine whether or not to continue the hand IF you think your hand will win if completed.
the key to this game is just to play tight. you don’t even have to be aggresive as everyone else is making sure there is plenty money in the pot (altho there are certainly times to raise). play tight because with so many players going to showdown (3 to 5)
the average winning hand will be better than a game where 2 to 3 showdown.
i’m now going to do very well in this game and need to figure out how to keep the money machine going for as long as possible without the smarter of these guys realizing they should also be playing tight. lots of smaller wins over a long period of time and throw in some stupid cards at a cheap showdown- “man that guy is lucky. he folds way too much but he’s not a rock- he just called 4 other players with 72o AGAIN” .
tobori
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10:13 am October 8, 2007
| Ed Miller
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With an ante that big, folding preflop isn’t very attractive, especially in late position in a limped pot. I’d probably still fold trash out of position.
Your main edge will probably come from raising better than your opponents and possibly finding folds postflop when you’re really toast but your opponents can’t resist continuing to the river because of the pot size.
Good news is that with huge family pots, you’ll find lots of opportunities to really pound good draws for a lot of value (that your opponents won’t take advantage of), and hands will likely be relatively easy to read especially on the turn and river, so you can get some edge there.
Also, preflop you should raise and even reraise big suited hands like KQs, ATs, etc.
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