Sunday, June 12, 2005

Albert Einstein and Edgar Allen Poe Teach Online Poker Mastery or Know This and Win the WSOP Main Event

That's right! Professor77 delivers it here first. Old Al and Eddie defined the basis for online poker success. If you incorporate these pearls in your poker strategy you will own the table!

"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."

Albert Einstein

"The measures, then," he continued, "were good in their kind, and well executed; their defect lay in their being inapplicable to the case, and to the man. A certain set of highly ingenious resources are, with the Prefect, a sort of Procrustean bed, to which he forcibly adapts his designs. But he perpetually errs by being too deep or too shallow, for the matter in hand; and many a schoolboy is a better reasoner than he. I knew one about eight years of age, whose success at guessing in the game of 'even and odd' attracted universal admiration. This game is simple, and is played with marbles. One player holds in his hand a number of these toys, and demands of another whether that number is even or odd. If the guess is right, the guesser wins one; if wrong, he loses one. The boy to whom I allude won all the marbles of the school. Of course he had some principle of guessing; and this lay in mere observation and admeasurement of the astuteness of his opponents. For example, an arrant simpleton is his opponent, and, holding up his closed hand, asks, 'are they even or odd?' Our schoolboy replies, 'odd,' and loses; but upon the second trial he wins, for he then says to himself, the simpleton had them even upon the first trial, and his amount of cunning is just sufficient to make him have them odd upon the second; I will therefore guess odd'; --he guesses odd, and wins. Now, with a simpleton a degree above the first, he would have reasoned thus: 'This fellow finds that in the first instance I guessed odd, and, in the second, he will propose to himself upon the first impulse, a simple variation from even to odd, as did the first simpleton; but then a second thought will suggest that this is too simple a variation, and finally he will decide upon putting it even as before. I will therefore guess even' guesses even, and wins. Now this mode of reasoning in the schoolboy, whom his fellows termed "lucky," --what, in its last analysis, is it?" "It is merely," I said, "an identification of the reasoner's intellect with that of his opponent." "It is," said Dupin;" and, upon inquiring of the boy by what means he effected the thorough identification in which his success consisted, I received answer as follows: 'When I wish to find out how wise, or how stupid, or how good, or how wicked is any one, or what are his thoughts at the moment, I fashion the expression of my face, as accurately as possible, in accordance with the expression of his, and then wait to see what thoughts or sentiments arise in my mind or heart, as if to match or correspond with the expression.' This response of the schoolboy lies at the bottom of all the spurious profundity which has been attributed to Rochefoucauld, to La Bougive, to Machiavelli, and to Campanella." "And the identification," I said, "of the reasoner's intellect with that of his opponent, depends, if I understand you aright upon the accuracy with which the opponent's intellect is admeasured." "For its practical value it depends upon this," replied Dupin; and the Prefect and his cohort fall so frequently, first, by default of this identification, and, secondly, by ill-admeasurement, or rather through non-admeasurement, of the intellect with which they are engaged. They consider only their own ideas of ingenuity; and, in searching for anything hidden, advert only to the modes in which they would have hidden it. They are right in this much --that their own ingenuity is a faithful representative of that of the mass; but when the cunning of the individual felon is diverse in character from their own, the felon foils them, of course. This always happens when it is above their own, and very usually when it is below. They have no variation of principle in their investigations; at best, when urged by some unusual emergency --by some extraordinary reward --they extend or exaggerate their old modes of practice, without touching their principles."

Edgar Allen Poe, The Purloined Letter


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Not only is poker good for you, it's the American way, where winners play fair, have the right stuff, and nothing else matters, except, perhaps, a bit of luck every now and then. Lou Krieger

 

Poker is a microcosm of all we admire and disdain about capitalism and democracy. It can be rough-hewn or polished, warm or cold, charitable and caring, or hard and impersonal, fickle and elusive, but ultimately it is fair, and right, and just. ~L.K.

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Understand all of the potential consequences of your actions so that you may properly balance the competing goals of survival and chip accumulation.Every time the action passes to you whether it is to bet, check, raise, or fold, any action or inaction you choose will have consequences.  Therefore, it is imperative that you consider all of the consequences prior to making a decision.  In no limit hold ‘em tournaments, a failure to consider all of the consequences can be fatal.  If you make a substantial semi-bluff bet from early position after the flop, you must know what you will do in the event of a re-raise. Any tournament strategy should revolve around two main driving forces – chip accumulation and survival.  These two forces will frequently be at odds with each other because in order to survive, you must protect your chips and in order to advance, you must accumulate chips.  Therein lies the paradox of tournament poker.  You must accumulate chips without jeopardizing your own stack.  How do you accomplish this?  While it is impossible to play poker with zero risk, careful consideration of all of the consequences of every action on your part can certainly minimize your risk and give you a significant advantage.  Poker is a game of imperfect information, which is why it is so important at least to know all of the available information each time it is your turn to act.  Maximizing your knowledge will open the door for you to pick up chips at minimum risk. To learn more about this principle and other principles, read Tournament Poker and The Art of War.

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http://www.pokerplayernewspaper.com Poker news, tournament reports, strategy, biographies, stories and reviews Copyright 2005 Tue, 26 Sep 2006 12:30:12 -0500 http://www.lasvegasvegas.com/pokerblog/ http://blogs.law.harvard.edu/tech/rss - - -

In the early nineteen-eighties, I defined a concept that would become central to my teachings about poker and the world beyond. It explains the enigma of relationships. It defines a world of comparative talents that isn't always easily listed in ascending order. Understanding it will make your life less confusing. Here is a lecture I delivered about a decade ago on the subject...

Caro's Conception: The lecture

It is a concept that takes us far, far beyond just the basic strategies of winning at poker. "Caro's Conception" makes us aware that there is a level of poker prowess that is very real, yet nearly not definable. This doesn't just happen at poker, but in real life, too. But, I'm getting ahead of the story. First, I've got to tell you what the Conception - or concept - is based upon.

It's based upon a puzzling truth, long known to those who ponder such things - the truth that strengths are not always ordered by hierarchy. Sometimes stren... Continue reading Today's Word is... Conception

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If I told you that you could win a half of a million dollars playing poker without leaving your house or apartment, would that be something you'd be in interested in? Of course, you are! The World Championship of Online Poker (WCOOP) sponsored by PokerStars allows you the opportunity to play in the largest online poker tournament with prize pools that rival the World Poker Tour and the World Series of Poker. The most appealing aspect of the WCOOP is that you do not have to travel long distances to play against some of the best players in the world. All you have to do is turn on your computer and log on to PokerStars.

On September 16th, PokerStars kicks off the 2006 World Championship of Online Poker featuring 18 different tournaments, ending with the $3 million guaranteed NL main event on October 1st. Just like the winners at the WSOP, every event winner in the WCOOP will also be awarded a gold bracelet. The 2006 WCOOP will be the largest series of online poker tournamen... Continue reading 2006 WCOOP

]]> http://www.pokerplayernewspaper.com 1 Mon, 25 Sep 2006 12:00:00 -0500 - - -

In my prior article I addressed starting requirements of stud and how they differed from hold 'em. Let me address the later streets in this the second part of this two part series.

If you are selective on Third Street, you will generally continue to bet your Premium Pairs, even if they don't improve, unless you see opponents who seem to have surpassed your hand. On the other hand, if you are going for a straight or a flush with a drawing hand, you generally want to call or check, sticking around cheaply until you make your hand.

In Stud, unlike in Hold Em, you have extra information available to you to help you determine where you stand relative to your opponents - both in terms of your hand's current value and its prospects for improvement. You need to take advantage of this information.

You need to keep an eye on the cards you need to make your hand, as well as the cards that may help your opponents' hands. Stud is a game of live cards. If... Continue reading A Stud Lesson for Hold'Em Players, PART 2 OF 2

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Last issue I revealed how our local maniac stumbled onto an extremely effective strategy in tournament play. The wording here has double meaning as Doug was usually plastered at this point in the tournament as a result of his intake of alcohol. While everyone else was tightening up their play hoping that someone else would get unlucky and bomb out, Doug was stealing pot after pot and increasing his stack size even more. It didn't matter to Doug whether he won or lost and as a result he had no fear. This made his aggressive play even more effective than usual and doubly so in tournaments (at least on the sober and reasonably minded players).

There are several strategies that one can utilize to make it deep in a tournament ( the structure of the tournament does influence these strategies ). The two most common styles that are successful in most tournaments are loose aggressive play and tight aggressive play. There are definite advantages and disadvantages to each style of ... Continue reading A Maniac Named Doug

]]> http://www.pokerplayernewspaper.com 3 Mon, 25 Sep 2006 12:00:00 -0500 - - - I've run into people even now who do not know that I have not dealt a card in over 5 years - sans some extra curricular activity that I am waiting to divulge. No matter, to them I am still that dealer that dealt them broke, a jackpot or have always given them good cards. So, even though your opponents at the table are either betting, folding, or receiving cards, the one person that players remember just as well are the dealers.

Conversely, when I dealt the cards and then played afterwards, I would make mental note of most of the player's tendencies as it related to some unconscious gestures they would do.

That brings me to the point that I was illustrating in my last paragraph in the last issue. People reveal more about themselves unconsciously than if they were to engage you in conversation. Before there was ever card games people were revealing "tells" about themselves on a daily basis.

Why else would a person gifted in this respect -readi... Continue reading Listen Carefully

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