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Abstract

#Double or Nothing Sit N Go Strategy Blog RSS Feed

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Top 7 Ways Poker Can Help Your Business or Career

When I started playing poker several years ago, I never would have
thought that the game I loved to play would help me in by business
career. Yet, I believe the skills that bring you success at the poker
table can also bring you success in the board room!

The top 7 things I learned about business from poker are:
1. Table selection is key!
2. Bluffing
3. Bankroll management
4. Game strategy
5. Continual learning
6. Have fun
7. People skills

1. Table selection is key: Table selection is extremely important to a
poker player and can make the difference between a winning and losing
session. Similarly, in business plunging head first into the first
opportunity you see can lead to wasted time, effort and money. Select
your opportunities wisely.

2. Bluffing: Bluffing is absolutely required in order to be successful
in poker. However, it can be one of the most difficult skills to
master. In order to bluff, you must "act" strong when you have a weak
hand and vice versa. This is usually accomplished through betting chips
and managing your "tells". In business, there are also times when you
want to act strong when you are weak and act weak when you are strong.

3. Bankroll management: If you don't manage your bankroll properly a
bad run of cards could wipe you out. Thus, in poker, you must choose to
play at limits that minimize your risk of going bankrupt. Similarly,
businesses must manage their cash flow if they are to survive. You've
all heard the saying: "Cash is king".

4. Game strategy: All successful poker players are adept at applying
important strategical concepts in their poker games. Knowing which
hands to play and which to fold, stealing the blinds, slow-playing,
bluffing - these are strategies poker players use to win money.
Businesses must decide which markets to pursue, which products to sell,
how to effectively market their services, etc.

5. Continual learning: The best of the best work hard on their poker
games. They study thousands of hand histories (in the case of online
players) to see where they went wrong. They keep up to date on the
latest poker strategy books and the latest software such as SNG Wizard.
Continual learning is also essential in business in order to respond to
changing market conditions, implement the latest business strategies
and products.

6. Have fun! I find poker to be relaxing and fun. There's nothing like
the thrill of taking down a huge pot in an all-in confrontation or
making a huge semi-bluff on the turn. One of the main rewards of
entrepreneurship is that it's enjoyable - even if it's a lot of work.
In both business and poker, it's a lot easier to be successful when you
have fun and enjoy the game.

7. People skills: Reading your opponent's "tells" isn't the be all, end
all of poker, but it should not be discounted either. Reading your
opponents and projecting an image during a hand can make the difference
between winning and losing. Likewise, people skills are extremely
important to business people and entrepreneurs. The most successful
business people are effective at managing, understanding and relating
to their coworkers and employees.

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Sit N Go Wizard Review

Sit n Go tournaments (SNGs) have become very popular over the years and
are somewhat different than cash games. The field of players is small
and the payouts are fixed. The blinds become large (relative to the
players stack sizes) very quickly.

Believe it or not, the decision making is much more simple than in
other forms of poker. Particularly in the end game of a SNG where the
decision on whether or not to play a hand boils down to: "Should I push
all-in or should I fold?"Many of these decisions can be expressed
acurately with mathematics... Sounds easy right? I know all of you are
mathematical geniuses! Yeah right!

Well that is where software like SNGWiz comes into play. SNGWiz can
help teach you when to push and when to fold. It will teach you about
the factors that should influence your play like: the stack sizes, the
number of opponents and the opponents calling ranges.

In my opinion, a program like SNGWiz is an absolute necessity for
anyone who plays SNGs on a regular basis. The decisions you will face
as a SNG player are complex and not always obvious or intuitive. SNGWiz
can quantify each decision you make mathematically to determine whether
or not it was the right one. I just want to repeat that this tool is
absolutely invaluable to the SNG player.

Here's how it works:

You can provide hand examples that are entered manually or you can feed
in an entire SNG hand history. Then you assign opponent hand ranges and
SNGWiz will determine the correct decision (push / fold) based on your
inputs. This feature is valuable for reviewing your hand histories to
see where you went wrong after the fact.

You can also operate SNGWiz in a quiz mode. You can specify stack sizes
and blind ranges and the program will generate many scenarios for you
to evaluate. You make a decision to push or fold in each situation and
the program tells you immediately whether you were right or wrong. This
kind of instantaneous feed back is incredibly valuable and really helps
to shorten the learning curve.

Although the software is not free, it comes with a free 30 day trial so
you can try it out to see if you like it. Although the program isn't a
"magic bullet", it can really help improve your play around the bubble
(when you're getting close to being in the money), which is absolutely
the most important aspect of SNG play.

You can pick up a FREE trial copy of SNG Wiz here.

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What If My Bankroll is Only a Couple of Dollars?

There are small bankrolls, there are no bankrolls, and then there are
nano-bankrolls. The nano-bankrolls might be the most difficult to deal
with because you're in a position where whatever you decide to play is
a chance at ruin. But that shouldn't keep you from taking a shot at
building your bankroll. And if you choose the right games and get a
little lucky, you can build your bankroll pretty quickly.

If you're working with only a couple of dollars take a chance on the
Double or Nothing Strategy Guide. You can play $1 DoNs and, if you make
the money, you're up to $2. Not a huge payday, but it's still putting
you on the path to building your bankroll. It will take some time, but
once you build up your roll a little bit you can start playing the $3
DoNs, and eventually the $5 tournies (which will eventually become your
bread and butter).

All it takes is starting out on the right foot. Playing a DoNs can be a
great way to build your bankroll with low variance (low risk) if you
use the correct Double or Nothing Strategy.

{ 1 comment }

Hold Em Online: Finding the Time to Play Can Hurt Your Bankroll Building
Efforts

It's a little after midnight after what has been another busy day. With
all there is to do during an average day it can be difficult finding
the time to play poker. And if you're trying to build your poker
bankroll playing Hold Em cash games, the variance and rake taken by
online poker sites is going to make your goal even tougher.

Though there are other games online that offer a better opportunity for
your online poker money, there are still a lot of players who are going
to want to spend their short poker time playing Hold Em. It's
understandable, because it's the game most players know best. But if
you're stuck for time, you should really consider playing Double or
Nothing Sit & Gos. The structure of these one table tournaments is
perfect for the poker player trying to build their bankroll but is
stuck trying to find the time to earn a good hourly rate playing Double
or Nothing Sit and Go's. It's much easier to play multiple tournaments
when playing DoN tournaments, and most are over in 45 minutes or less;
perfect for the poker player with little time.

Even better, DoNs are often made up of terrible players who haven't or
don't know how to change their strategy in order to be successful. Many
players enter the tournaments with the frame of mind that the proper
strategy is similar to cash games or regular Sit & Gos. For the players
who properly adjust to the game, DoNs are the perfect bankroll builder.

If you're short on time to play online poker consider DoNs. The ability
to multitable and the short length of the tournaments makes it perfect
for the low limit poker player trying to build their bankroll.

*****
If you want to learn proper strategy, check out the Double or Nothing
Strategy Guide.

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Best Online Poker Bankroll Builders: Multitable Tournaments

Low limit poker players who love to play multitable tournaments online
are often stuck with the disadvantage of playing huge fields of
players. These fields usually leads to tournaments lasting 7 or 8
hours, and the need to build a large stack early if you want to have a
chance at making one of the top prizes. though a win at one of these
tournaments will certainly bolster your bankroll, you often have to get
very lucky to take down one of these tournaments.

There are multitable tournaments, however, that you can play with
limited fields that increase your chances of winning top prize. The
180-man tournaments are a great bankroll builder for low limit players
because the size of the field is much smaller than your normal MTT. In
addition, these tournaments are constantly running (and they fill up
fast), so you can multitable these tournaments much more effectively
and raise your hourly rate quite easily. Finally, because the number of
players is capped, 180-man tournaments are finished much quicker than
your standard MTT.

So if you love playing MTTs and you're trying to build your bankroll,
consider playing the 180-man tournaments. The capped amount of players
plus the ability to multitable more effectively make it the best bet
for your bankroll building dollars.

{ 0 comments }

Best Online Poker Bankroll Builders: Sit & Go

I believe the best opportunity for low limit players trying to build
their bankroll is Sit & Go tournaments. If you learn proper strategy,
the return on investment is enough that low limit players can beat the
rake and move up to higher stakes poker quickly.

But while regular SnGs are good for bankroll building, many poker sites
have recently started offering a structure that is especially favorable
to low limit players. The new structure is Turbo Double or Nothing
SnGs, and they offer many advantages to low limit players:
* Lower rake
The rake charged for Turbo DoNs is much lower than the rake taken
at regular SnGs (starting at the $5 buyin level). The lower rake
makes is much easier on a low limit player's bankroll.
* Weaker Opponents
Since DoNs are new, most players have not yet made proper strategy
adjustments to be successful at the game. Though they know that
playing tighter increases their chances of success, your opponents
will still overvalue moderate hands. If you know proper strategy,
you will have a major advantage over most of your opponents,
particularly at lower stakes.
* Volume
Since you're playing far fewer hands then you would in a normal SnG
or cash game, multitabling is much easier. Because you can play
more tables your hourly rate is higher than with regular SnG
tournaments.

DoNs are an easy, low variance game that low limit players should take
advantage of when trying to build their bankroll. But it is imperative
that you learn proper strategy before attempting to play multiple
tables at once.

If you are interested in learning proper strategy, check out the book
href="onlinepokerbankrollbuilder/the-online-poker-bankroll-b
uilder">The Online Poker Bankroll Builder: Double or Nothing Sit & Go
Strategy to Crush the Competition.

{ 1 comment }

Best Online Poker Bankroll Builders: No Limit/Pot Limit Poker

Of all the sections of the Best Online Poker Bankroll Builders Series,
I'm writing this post with the most caution. I understand the thrill
and excitement of playing No Limit and Pot Limit cash games, but I also
know the risks of playing these games. One mistake and your entire
buyin, and possibly your entire bankroll, is gone. But there are many
players who want to play No Limit or Pot Limit games, so I'm going to
give my suggestion for the best game for a low limit bankroll.

As mentioned in the Limit Poker post, Hold Em is the most popular poker
variant, with No Limit Hold Em being particularly popular. But the same
problems persist in that the average Hold Em player is better educated
than the average player in most other poker variants. Because the
average player is better at Hold Em, I suggest playing a different game
that has a lot of action and a pool of players that are worse on
average: Pot Limit Omaha.

I suggest Pot Limit Omaha with some caveats, however. While the average
player in PLO is worse than in Hold Em, there are some wide swings with
PLO. The game has higher variance than Hold Em, meaning you have to
ensure you are using strict bankroll management. Finally, the game can
be a little more difficult to learn for some players, as there are many
more cards in play and concepts you need to understand in order to be
successful.

With that being said I believe the poor play by many PLO players makes
the game a decent bankroll builder for low stakes players who want to
play No Limit or Pot Limit poker. However, I think overall there are
better games where low limit players should be investing their money.

To learn more about Pot Limit Omaha, check out the articles at
playwinningpoker

{ 1 comment }

Best Online Poker Bankroll Builders: Limit Poker

January 6, 2009

I remember going to Atlantic City one time and jumping in a Omaha H/L,
Stud H/L split game. During one of the Omaha hands a player next to me
said, "You know, this game is going to be bigger than Hold Em in the
next couple of years." I laughed a little and thought he [...]
Read the full article ->

Best Online Poker Bankroll Builders Series: An Introduction

January 5, 2009

New and low limit poker players almost always gravitate toward Texas
Hold Em when they start to play poker. This is hardly a surprise as
Hold Em has been the most popular poker variant for years, particularly
after the exposure of the WPT, WSOP, and the dozens of poker shows that
sprung up. But Hold [...]
Read the full article ->

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nothing strategy ebook. Double or Nothing Strategy Ebook-
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+ Hand Quiz
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