Byron Jacobs

For shopping in the US

For shopping in Canada

For shopping in the UK

For shopping in Germany

For shopping in Spain

For shopping in France

If you’re looking for gift ideas, consider the books that we’ve featured on the show:

Ed Miller’s Playing the Player

Tommy Angelo’s Elements of Poker

Zach Ellwood’s Reading Poker Tells

Jared Tendler’s The Mental Game of Poker 2

Whenever you do your Amazon shopping, you can find these links under the “Support the Podcast” tab in the upper right hand corner of the site.

Thanks and happy holidays from Nate and Andrew!

Book Club

The book is just a starting point! Ed responds to listener questions and Andrew and Nate’s critiques with some of the best strategy discussion the show has seen to date. Topics include multi-way pots, re-exploiting players trying to exploit you, concealing information from tough opponents, categorizing opponents, and much more! Even if you haven’t read the book, you want to hear this in-depth strategy discussion.

Ed is @EdMillerPoker on Twitter. His self-published books, plus a lot of free strategy content, information about coaching, etc., are available from his website.

Next Month

Next month we’ll be reading Tommy Angelo’s Elements of Poker. In Episode 26, we’ll discuss Part I: Universal Elements, which runs through page 84 of the book.

Timestamps

Click here to read my full review!

When you talk about approaches to poker, there are two extremes. At one end you’ll find players who are guided almost entirely by instinct and don’t spend a lot of time articulating their processes. At the other end you’ll find players like Andrew ‘Foucault’ Brokos, who spend so much time articulating their process that one wonders – when do they actually find time to play? All kidding aside, Brokos is an excellent player with a focus on mid stakes no limit cash and some interesting insights into what it takes to make both a good poker player and industry alike.

On top of the fact that the two I did play had good structures, they were rebuys, meaning getting eliminated in the first hour wasn’t in action. I was in for the “minimum” and even managed to double up in the $50 thanks to making trips two hands in a row against a loose player. Nevertheless, I dusted off my stack in both within two and half hours.

Worse, I feel like I was probably at least somewhat wrong to lose my stack in both cases. Here’s my bustout hand from the $50:

PokerStars No-Limit Hold’em, $50+$5 Tournament, 40/80 Blinds (6 handed) – Poker-Stars Converter Tool from FlopTurnRiver.com

CO (t3213)
Button (t18316)
Hero (SB) (t11211)
BB (t5965)
UTG (t13562)
MP (t11473)

Hero’s M: 93.42

Preflop: Hero is SB with Q, A
3 folds, Button bets t240, Hero raises to t777, 1 fold, Button calls t537

Flop: (t1634) 6, 8, 3 (2 players)
Hero bets t1111, Button calls t1111

Turn: (t3856) 7 (2 players)
Hero checks, Button bets t1895, Hero raises to t9323 (All-In), Button calls t7428

River: (t22502) 7 (2 players, 1 all-in)

Total pot: t22502

Results:
Button had 7, 8 (full house, sevens over eights).
Hero had Q, A (one pair, sevens).
Outcome: Button won t22502

I doubt he’s betting less than two pair when I check to him on the turn, especially for this amount. As much as it sucks, check-folding might be correct here.

And in the $500:

PokerStars No-Limit Hold’em, $500+$30 Tournament, 30/60 Blinds (6 handed) – Poker-Stars Converter Tool from FlopTurnRiver.com

Hero (BB) (t7271)
UTG (t8125)
MP (t19938)
CO (t10487)
Button (t11836)
SB (t8343)

Hero’s M: 80.79

Preflop: Hero is BB with Q, Q
1 fold, MP bets t180, 2 folds, SB raises to t600, Hero raises to t1555, 1 fold, SB raises to t8343 (All-In), Hero calls t5716 (All-In)

Flop: (t14722) J, J, 10 (2 players, 2 all-in)

Turn: (t14722) 2 (2 players, 2 all-in)

River: (t14722) 3 (2 players, 2 all-in)

Total pot: t14722

Results:
SB had A, A (two pair, Aces and Jacks).
Hero had Q, Q (two pair, Queens and Jacks).
Outcome: SB won t14722

Note to self: six-max tournaments are not six-mas cash games. In my defense, this guy did seem a little loose pre-flop. He called one of my 3-bets out of position with A5s. That might justify calling his 5-bet shove, but I think flatting the 3-bet is probably best. I hate doing that against very good players because it defines your hand for them for free, but I doubt this guy was good enough to take advantage of that.

In general, though, there did seem to be a strong field in this tournament. My table at least was solid, with one player I’ve seen before at $25/$50.

To make matters worse, I misread the SCOOP schedule and ended up missing the PLO8 events, which my longtime readers will know I really enjoy. I thought they were tomorrow, but they were actually an event starting later in the afternoon today. Oh well, at least the cash games I was playing on the side well, netting me a handsome profit for the session despite the hefty tournament buyins.

This is my bread and butter game, and even if I don’t do anything to improve, just maintaining my current winrate and putting in hours will be very valuable to me. Of course I do want to get better, but my general focus will be on playing rather than doing stuff to improve (posting hands, watching instructional videos, etc.).

Also, I’m not going to worry too much about non-NLHE games. I tried to do it last year, but it didn’t prove too productive. I’ll play/study them when I feel like it, but it’s not going to be a priority. I’m confident in my ability to pick them up quickly should that become necessary/desirable and I choose to devote all my time to it, such that I don’t think I need to prioritize working on them now.

Goal 1: Earn $X in NLHE Cash Games

It’s very tough to predict or control what you earn playing tournaments. With cash games, though, it’s mostly a question of game selection and putting in hours. My goal for 2009 is to earn in NLHE cash games what I made playing any form of poker in 2008, so that anything from tournaments is just a perk. Hopefully this will help me to keep my focus even if I do make a big tournament score, since that won’t count towards the goal.

Goal 2: Earn Supernova status on PokerStars

This shouldn’t be tough, and I’m already off to a good start. Basically I need to earn 100,000 VPP’s (PokerStars’ frequent player reward) over the course of the year. Having earned 3200 already, I’m on course to do this by September.

Last year, I played on Full Tilt almost exclusively because they have rakeback. My understanding is that the Stars VPP program is actually worth more if you devote the time to getting into the top tiers of it, though. Plus bigger games seem to go more frequently and are maybe a little softer.

There are a couple of drawbacks, though. For one thing, I have way more money on FTP than on Stars and it’s not that easy to reload. At the moment I’m mostly grinding up my balance playing 5/10 full ring games, and that’s going OK, so hopefully this won’t be a barrier. But I’ve already passed on a few potentially good 25/50 games for lack of funds.

Also, Stars doesn’t have Deep tables, which are getting really popular on FTP. They do have some tables with a 50BB minimum buy-in, which helps with the short-stacking problem, but I really like playing deep. There are a lot of regulars who can handle a 100BB stack very well but make mistakes playing 200BB deep. Since the bigger games are comprised mostly of regulars, that makes a big difference.

Still, I don’t think Supernova status will be tough to get, so I’m going to go for it. The next level, Supernova Elite, require 10 times as many VPP’s, though, and I don’t think I have any prayer for that.

Resolution Two: Diversify My Income Streams

I laid the foundation for this last year, but I really haven’t capitalized on it yet. Now that I’m starting to get a higher profile in the poker world, I think there are ways for me both to generate passive income and to combine poker with some of my other interests, such as writing and teaching.

Goal 3: Monetize This Blog

I was surprised by how much I made off of blog ads last year with virtually no effort. In general do find internet ads to be tacky and intrusive, but in this case I am giving away a lot of very valuable information at no cost to you, so I hope my dear readers will understand if there are a few ads on the page. I’ll try to keep it minimally intrusive, and the plus side for you will likely be a nicer layout and better content. Expect to see a new look later this month.

Goal 4: Get Back Into Coaching

I’m not going to set an hourly goal for this because I don’t want to force it, but I think I ought to do some more coaching. With the right students, it is in fact very enjoyable and rewarding. Plus, Poker Savvy tells me I can offer my students a free three-month subscription, which hopefully will sweeten the value of the package without costing me any more time. I may also consider doing group sessions that lower the costs for any individual person while helping to get me an hourly rate comparable to that of actually playing poker. Expect to see more information about this soon.

Goal 5: Market My Writing

I’m still just doing the easy stuff, writing for the occasional people who approach me. I think I want to get my name out there a little bit more and publish in some more high-profile ways. I don’t know about writing my own book, but I’m in discussions with a well-known player now about contributing a chapter to a book he’s doing.

Resolution Three: Improve My NLHE Skills

This is a lower priority than just putting in hours. Then again, practice is the single best way to improve, so I want to do what I can to maximize the learning value of my time at the tables.

Goal 6: Use Poker Tracker More Effectively

I barely use Poker Tracker for anything beyond record keeping, and I know I’m only getting like 10% of its value. I often don’t even use the HUD because it distracts me when I’m playing a lot of tables. But I want to be able to do at least some basic evaluation of my play to try to identify some leaks, such as I found with suited connectors in one of my year-end posts. Plus I want to put together a HUD layout that is truly useful for me.

Goal 7: Finish the Year with a 4BB/100 Win-Rate at 5/10 NL.

This is somewhat beyond my control because I won’t play a large enough sample size (there are good players who have had 100K hand break-even streaks), but if I can maintain this win-rate, which I think is about twice what my “true” rate is now, I’ll be in great shape.

Goal 8: Play 50,000 Hands of Heads Up NLHE

If I’m not going to do PLO, heads up is probably the next best game for me to get better at. At stakes above 10/20, it’s often the only way to get action, and that’s even more true the higher you get. Not to mention that thinking through heads up situations makes you better at playing marginal hands in general. Maybe I’ll read and review Moshman’s new book as well….

Resolution 3: Diversify My Income Streams

I’m happy with how this turned out. I got into coaching, joined Poker Savvy Plus, and increased my income from poker writing (slightly).

Goal 7: Start making money on the blog/website. (Achieved)

I’m not making money, but at least I’m not losing it. I made about $15 off of the ads on the blog- not the old Google ads but the Amazon affiliate links on my poker book reviews. Obviously that’s not much but it was enough to cover the cost of hosting the blog, which was the goal. It makes me realize that if I were to put some effort into it, my site could be worth some money. Also the blog has generated some interest for my coaching and probably contributed to my getting hired by Poker Savvy.

Goal 8: Start coaching. (Achieved)

I dove into this pretty aggressively at the beginning of the year but didn’t find it as satisfying as I expected. It’s tricky to find a price that’s fair to the student but also worth my time relative to playing poker. To my knowledge, the students I have had have all increased their profitability and considered their lessons worthwhile. Still, the price remains a sticking point for a lot of potential students, which is understandable.

The thing is that for me to block off an hour of my time tends to be pretty disruptive of my schedule. Like if I have a four hour block when I might otherwise play poker, but a student wants a session right in the middle of that block, then it kind of screws the whole four hours. I get out of the zone and lose a lot of time in transition if I try to play for an hour, then stop and coach for an hour, then play for two more hours.

I do enjoy the personal interaction of coaching and I like seeing my students improve their confidence and their games. I’ll just need to keep working on the right formula. One thing that I think will help is that Poker Savvy is now allowing me to offer free subscriptions for my students. That will both increase the value of the package for them and give them access to a lot of my own thoughts on poker theory, freeing up their paid time to focus exclusively on their application of key concepts.

Goal 9: Affiliate myself with an instructional website. (Achieved)

Early this year, I did some guest videos for Poker Savvy Plus. Those proved popular, and I met with the entire PSP team while in Las Vegas for the WSOP. Starting in August, I became a “Core Pro” and now produce four instructional videos per month for them. I’ve done series on Flop, Turn, and River Fundamentals, on some of my deepest tournament runs, and am now in the midst of one on Full Ring play and one joint tournament video with Tony “Bond18” Dunst.

My familiarity with education and teachers has definitely been an asset. While I’m far from the best player on the PSP staff, my videos have been among the most popular- probably because of my ability to structure and explain important concepts.

Goal 10: Get a book deal. (Failed)

Meh. I didn’t really try at this, and I’m not at all sure I want to. The book market is saturated and poker’s popularity is already on the decline with the general public. I don’t think the kind of book I’d want to write would have broad appeal, and besides names seem to sell poker books a lot better than quality content. It’s just a ton of work for surely less monetary reward than actually playing poker and less “sense of accomplishment” reward than my work with the Boston Debate League.

I do appreciate all the people who have encouraged me to write a book, though. An ego boost is always welcome!

That’s the last of the resolutions. Tomorrow I’ll post some year-end miscellany: more stats, biggest pots won and lost, etc. Then on Monday I’ll have my resolutions for 2009. Hope the new year is treating everyone well so far- it certainly is me!