The purpose of this blog is to provide fun and interesting information about the math of poker. This blog will have bits and pieces of the book Mastering Poker Math including such topics as the history of poker, key math concepts and general thoughts to educate and entertain. Your comments are important to me so that I can provide useful information for you. Thanks for stopping by...and please come back often!
“Be so good they can’t ignore you.” ~ Steve Martin
Texas No-Limit Hold’em has some fascinating characteristics that can make it useful for business owners and anyone else in business.
This article explores how knowledge at the poker tables can be directly applied to business. But first, a little about Texas No-Limit Hold’em.
Mystery shrouds when Texas No-Limit Hold’em was invented, however it is thought of have started in the early 1900’s in Robstown Texas. It is one of the most complex games that has ever been created. Today there are artificial intelligence programs that are striving to understand the optimal ways of playing the game.
Texas Hold’em is incredibly popular in the United States and around the world. According to the WPT (World Poker Tour) there are 60 million poker players in the US and 100 million poker players around the world. More people play poker than either golf, tennis or billiards.
The gambling gene is deeply rooted in the American psyche. We are a nation of immigrants and risk takers. We like to take calculated risks at the poker tables and in the business world. It is part of who we are.
Is Texas No-Limit Hold’em Gambling?
Even though the variability in poker is huge there are still players who continually rise to the top. They can be seen on TV, movies, YouTube and more. Many of these players are larger than life. They are true mavericks with colorful personalities just some of the highest-ranking business owners.
Poker players just like sharp business owners take their profession seriously and do the things necessary to win more consistently than the other players. Consequently, poker is really a game of skill, not luck, in the long run.
“Poker is a skill game pretending to be a chance game.”
~ James Altucher
How is Poker Like Business?
To become an excellent poker player, one must have many of the same skills that make people successful in business. Some of the key ones are:
As with poker it is equally important in business to continually learn and grow to gain a competitive edge. There are countless books, online and live classes, videos, training sites and more to improve one’s business skills. Since all serious business owners’ study much of the same material, the competitive advantage gained by absorbing similar material is somewhat diluted. Having said that, there is another way to becoming a savvier business owner.
A great number of directly applicable business skills can be strengthened at the poker tables playing Texas No-Limit Hold’em. If you haven’t played poker, open a discussion with other business owners who have played (or currently play). Ask them whether their business skills have increased because of the abilities they developed as a playing poker.
"The majority of players are looking for reasons to fold. I am looking for reasons to play." ~ Daniel Negreanu
The Rule of 2 and 4 are quick shortcuts to help us work out the percentage needed to get a draw in Texas No-Limit Hold'em. These shortcuts aren’t exact. However, they are good enough for doing quick probabilities in our head at the tables.
The Rule of 2
The Rule of 2 states: Multiply your number of outs by 2 to get the approximate percentage of a draw you have on the turn or the river.
For example, let's say you have a flush draw after the flop.
The Rule of 2 works because there are 52 cards in the deck
and 52 goes into one hundred approximately twice.
The Rule of 4
The Rule of 4 is used when you are considering an all-in move after the flop and will see both the turn and river cards. Multiply your number of outs by 4 to get the approximate percentage of a draw.
Like the Rule of 2 example, you have a flush draw after the flop.
Once again, that’s close and useful for quick estimate at the tables.
Note: The Core Math Chapter of Mastering Poker Math provides more detail on how this equation is derived.
"The mind is not a vessel to be filled, but a fire to be ignited!” ~Plutarch
This is the description on Amazon.com for the re-released book: Mastering Poker Math.
Mastering Poker Math has been created to help you gain a competitive advantage in tournament poker. It covers two major areas.
First, the book helps you to gain a visceral understanding of the math of Texas No-Limit Hold’em. You will learn to trust the numbers in the right situations and circumstances to improve your game.
Second, you will learn to integrate the math with your other skills. Knowing the math isn’t enough today. The competition is tough and getting tougher by the year. To be a successful player today, your math skills need to be fused solidly with your other skills. This book will show you how to accomplish this.
In Mastering Poker Math, you journey begins with learning the Fundamental Poker Math Skills. These include: Decision Making with Imperfect Information, Probabilities, Fractions, Odds and Counting Your Outs, The Rule of 2 and 4, Key Percentages and Probabilities, The Importance of Equity and Expected Value.
Next, you will learn to Master the Math by exploring: The Core Math, Selecting Great Starting Hands and the Power of Betting.
The next section is extensive. It covers Mastering the Math Applications including: Chip Management Skills, Why It’s Smart Math to Bluff, The Power and Problems with Aces and The Power and Problems with Pocket Pairs. This section also covers Decision Tree Analysis, The Explosive Energy of All-In, Capitalizing on Patterns & Math and the Phases of a Tournament.
The book wraps up by showing you how to become a New Breed of Poker Player. We will cover: Game Theory Optimal, Strengthening Your Skills, Tracking Your Results and Next Steps.
This book is jam packed with powerful information to help you gain a strong competitive edge. Get your copy of Mastering Poker Math today and start becoming a feared shark at the tables.
Available on Amazon.com!
Here is part of one of the reviews:
"I just received this book from Amazon yesterday late afternoon. I’ve already finished reading it from cover to cover. And this is coming from someone who hates to read and hasn’t read a book in at least 13 years. I couldn’t put it down. This is such a phenomenal book that teaches you the math and strategy around making proper decisions at the poker table. It gives you quick and easy ways to calculate if your decisions at the table are mathematically correct and how using these formulas can help you gain a competitive advantage over your opponent. But this book goes way beyond its “Math”matical title. It teaches you about..." ~ Tom Britton To Read more go to Amazon.com!
"Be so good they can't ignore you!" ~ Steve Martin
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Now available on Amazon.com
"A must read if you’re serious about improving your game."
~ Tom Britton
Become a Feared Shark!
This blog has been created to help you gain a competitive edge using poker math and how to integrate it with the rest of your game. Enjoy! ~ Chuck Clayton