18th Lecture - Costly Mistakes Made By Experienced Players

Costly Mistakes Made By Experienced Players
The following lecture was the 18th Tuesday Session, held January 26, 1999, and later
appeared in Card Player magazine

How Long-Time Poker Players Make Bad Decisions

In poker, experience isn't always the best teacher. Sometimes players begin their careers
doing bad things out of inexperience, and - just through plain luck - these bad things succeed
at first. This reinforces that bad tactic or habit. The players fail to reexamine their strategy as
the years go by, believing that they are on a solid poker foundation, while - in reality - it is
cracking and sinking slowly, unnoticeably.

This doesn't mean that these players all lose. Many win despite their mistakes. And that
makes those mistakes even harder to correct. That's because, when things are going well, you
don't tend to seek corrective action. You just suffer the diminished profit. You take the hit.

Let's not do that anymore. Let's listen to a lecture I gave at Mike Caro University of Poker,
Gaming, and Life Strategy in January. The topic was…

Costly Mistakes Made by Experienced Players

1.

Mistake: Not raising enough on early rounds in last position.

If ever there was an opportunity to establish your image at the same time that you gain
a real tactical advantage, it's when one, two, and sometimes even three remaining
opponents have checked to you on an early betting round.

The advantages of betting are that you're likely to make your opponents "behave" and
check to you on the next street (often when the limits double), and you can take
control by (1) continuing to bet (for image, for value, or because your hand improved)
or (2) checking and taking a free card. The more timid your opponents are, the more
often you should bet. Simulations show that the times you knock potential winners out
plus the times you win outright by betting is pure profit. The play is profitable even
without this, and it is image enhancing.

This doesn't mean you should always bet if everyone checks to you on the flop in hold
'em or checks to you after the fourth card in seven-card stud. Sometimes you have a
very weak hand and you should accept the free opportunity to improve, knowing that
you would have simply folded had anyone bet. Sometimes you will just check along
with the crown for deceptive reasons. Sometimes you will check because you've been
betting too often and your strategy has become transparent. And sometimes you check
because the opponents who have already acted are deceptive and tend to check-raise
with great frequency. Those are not the ones you should bet into.

Against them, usually take the free card graciously.

But, in general, try to maximize your positional advantage on early rounds quite often.
The more you can do this without stepping over the line and becoming a victim of
your own aggression, the more money you'll make.

Mistake: Letting the weakest players feel left out.

2.

When new recreational players come to your game, make them one of the group. From

their perspective, they feel uneasy - and are less likely to gamble - if you talk only to
other regular players.

3.

Mistake: Discussing strategy with opponents.

This might make other opponents realize that there is strategy. Nothing makes weak
foes less willing to gamble poorly than making them think you might be critical of
their decisions.

I never talk real strategy in a poker game. I babble, I mislead, I amuse, I laugh at
jokes. I never, ever want opponents to think that they're being scrutinized. I want them
to have my "permission" to play poorly.

4.

Mistake: Check-raising a timid player on your left.

This is like crawling into a cave and waking up a hibernating bear. Why do it? The
person on your left has a positional advantage, and as long as he remains timid, he isn't
using that positional advantage to its full potential. Check-raising is often seen as an
act of war. Why start it?

The truth about check-raising is that it is compensation for the disadvantage of having
to act first. It should be used, but it should be used sparingly.

5.

Mistake: (Hold 'em) Just calling the blind in a late position when everyone before

you has passed.
Despite what I've taught you about the pitfalls of playing very small pairs in hold 'em,
this is the time you really can play them profitably, and the most profitable way is to
raise. Then players often will check to you on the next round, and you can take
control. The additional chance that you'll chase potential winners out, plus the chance
that you might win right now, make raising the right play most of the time.

Additionally, you should know that a small pair is often significantly more profitable
against one opponent than against two opponents. If you flop three-of-a-kind, you
probably want the extra opponent. But if you don't, you can sometimes win heads-up
with that unimproved pair, whereas you would have been much more likely to lose
with that pair against two or more opponents.

If you play a small pair from early position (which, by the way, is not always a good
idea), you should be hoping either for a lot of callers or just one (or, of course, none at
all). You should not be hoping for two callers. That's why the correct play - if you do
decide to play a small pair - is usually to just call from an early position and invite
players into your pot. But in a late position, you want to either win the blind money
right now or end up against just one opponent, not two. So, a raise is often the better
choice.

6.

Mistake: Failing to bet medium-strong hands against non-threatening "calling

stations."
Players are afraid of overusing this tactic. Don't be. Stop fretting and keep betting!
Weak callers make your bets with medium-strong hands profitable, especially when
you act last. Usually bet.

But make sure you understand that "non-threatening" was a key word in this mistake.
If the players you're betting into are deceptive and apt to raise you back - thereby
getting maximum value when they have you beat - you should not routinely bet
medium-strong hands into them.

7.

Mistake: Asking to raise the limits when opponents are losing.

This gives them new hope, and they tend to "start over" and play better. Also, if the
limits are bigger than is comfortable, your opponents will tighten up. Remember, most
profit in poker comes from opponents who play too loosely.

8.

Mistake:

Splashing chips when bluffing. The more lively you bet, the more apt opponents are to
call. In general, make you bluffs as unobtrusive as possible.

9.

Mistake:

Not bothering to change seats. A lot of poker profit comes from positioning yourself to
the left of loose players and, also, to the left of knowledgeable-and-aggressive players.
Sometimes you can become glued to your seat and too lazy to make a change that
would dramatically enhance your profit by allowing you to gain positional advantage
against the correct players. Always be alert for a profitable seat change.

And, of course, this has nothing whatsoever to do with superstition. You should never
change seats for superstitious reasons, because everything I teach about poker - and
everything that really works in poker - has nothing whatsoever to do with controlling
luck or appeasing the poker gods. It has to do with powerful, proven strategy,
psychology, and statistics. And it's all you need to win. - MC