Earn Money By Playing Games
Earn Money By Playing Games
From amateur poker players to poker ninjas we sense range of opinion on whether Poker is more of feel or mathematics. This feeling is primarily derived on the fact whether your playing for fun or to earn money by playing games. Some players rely more on feel and tells, than real math. These players sometimes call for a draw knowing that they will have a huge pay-out if they hit. However, these players sometimes fold because opponent won't pay them well. These players feel the game, fluctuate their play style around whether their opponent’s will pay off in a particular hand or not. Primary goal for these players is to earn money by playing games.
On the other hand we have players who stick by poker mathematics and play their game. I believe that Poker is a combination of feel and math. Hence, you can earn money by playing games and have little fun too. To apply poker math you have to have good Poker feel. However, people tend to shy away from poker math because they think it will be too complex. How can some one do mathematics without a pen, pencil or calculator? Actually basic math for poker is much easier than you think. Furthermore, if your goal is to earn money by playing games, then you should be willing to work a little harder.
Initially you will need to practice the basic poker math learning shared below. After a while you will require very little thought to do this calculation. Poker has two types of odds: expressed odds and implied odds. These two odds help you calculate “pot odds”. You can use these odds to determine if it makes sense to play a particular pot.
Two Odds to Earn Money by Playing Games
The most practical place use pot odds is to apply them to draws. For example, let’s say you have limped in on the button with K(s), Q(s) and see a flop of : 7(d), A(s), 2(s). You have a flush draw with two spades appearing on the flop. There is 100 in the pot pre-flop. The small blind bets 100 and all other players fold to you. What would you do? You apply your pot odds math. First, you should calculate probability of hitting your flush. This is called as “Expressed Pot Odds”. Next, you need to understand if you do make your flush, then how much pay off your opponent might give you. This is called as “Implied Odds”.
There are 13 spades in the deck. Four spades are already out: two in your hand and two on the board. This leaves 9 spades in the remaining deck. There are 47 cards remaining in the deck (52 total cards in deck - 2 cards you are holding - 3 cards on the table). To makes your flush one of these 9 spades should come on either on the turn or on the river. TO earn money by playing games, you should be doing this math quickly. The chances of you hitting a spade on the turn = 2% x 9 = 18% and the chances of you hitting a spade on the river = 2% x 9 = 18%. Hence, total chance of hitting spade either on the turn or on the river = 18% + 18% = 36%. Let’s back up for a moment. Where did that 2% come from? This is the easy math I was talking about. Each open spot on the board has a score of 2%. If you have two open spot on the board i.e. turn and river, then you multiply number of your favorable cards with number of spot with 2%. I.e. 9 x 2 (1 for flop + 1 for river) x 2% = 36%. Easy peasy! Your expressed pot odds = 36%.
Now lets see if it makes sense for you to call the your opponent’s bet of 100 in the pot of 100, making you call 100 in the pot of 200. We know 9/47 cards work for you and 38/47 cards don't work for you, which is roughly 4.2 to 1 odd. For a sensible bet you should get 1 to 4.2 return to break even. Let’s increase the math where you will make money in long run. For long term gain you should play when your getting 5 to 1 odd. Which means in the pot of 200 you should be willing to bet max 40. Or to call the bet of 100 and remain positive in long run, the pot should have 500. As the pot only has 200, you shall fold based on Expressed Odds.
How about implied odds? Do we consider implied odds before folding? Sure. Let’s learn how to calculate implied odds in this situation. Implied Odds are usually calculated based on feel and can be very helpful to earn money by playing games. What do you feel about your opponent? How far will they go, if you do hit you flush? If your opponent is a loose player a.k.a. Calling station, then you can perhaps make a ton of money when you make your draw. Ding Ding its time to earn money by playing games. Whereas, if your opponent is a strong player, then they are less likely to call a bet if a flush hits the table.
Let's assume, you have very little intel about the opponent, so we will call him a good player. The general rule for a good player is to bet an amount equal to or slightly more than their first bet. Thus, at most you can bet 100 on the turn and around 150 on the river. This makes total of 250 incremental bet from your opponent. 250 + current 200 = 450. Still the math doesn't add up. It looks like a loss opportunity from poker math perspective. You might win big some hands when you are playing against loose players. But you will not make a lot of money against strong player when you make a flush. Whereas, you are putting a lot at risk playing such pot with such less expressed odds of 36%.
Suited KQ with two house cards on flop might make it tempting for many. But this is where poker ninja are differentiated from poker novice. Poker ninja knows that such scenario will lead to negative cash flow when they are not getting needed pot odds to play such draw. Learn when to fold and when to play. Disconnect emotions from the game and focus on your goal to earn money by playing games.