poker 101 a penn poker event

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Welcome new members and class of ’12

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Poker 101 A Penn Poker Event. Welcome new members and class of ’12. Poker 101: The Rules of NL Texas Hold ‘ Em. Each player is dealt 2 cards (hold cards) 1 Round of betting occurs now Three Community Cards are dealt face up 1 Round of betting Another Community Card is dealt face up - PowerPoint PPT Presentation

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Page 1: Poker 101 A Penn Poker Event

Welcome new members and class of ’12

Page 2: Poker 101 A Penn Poker Event

Each player is dealt 2 cards (hold cards) 1 Round of betting occurs now Three Community Cards are dealt face up 1 Round of betting Another Community Card is dealt face up 1 Round of betting Another Community Card is dealt face up Final round of betting The player with the best 5 card hand using 0,1, or both

of his Hold Cards plus the Community Cards wins

Page 3: Poker 101 A Penn Poker Event
Page 4: Poker 101 A Penn Poker Event

Blinds: the forced bet that rotates around the table. Each hand has 2 blinds: small and big

The Pot: Whatever money is at stake over the current hand

Bet: To put an amount of money in the pot Raise: To bet more than the person before you bet Call: To agree to the bet that was made Fold: To surrender your cards and not put any more

money in the pot All In: To bet or raise for all the chips you have in front

of you

Page 5: Poker 101 A Penn Poker Event

Now that you’ve seen one, Sit with a board member and play a few orbits Then each player can narrate a hand to their table

Page 6: Poker 101 A Penn Poker Event

Welcome new members and class of ‘12

Page 7: Poker 101 A Penn Poker Event

A club for people who like poker◦ All skill levels welcome◦ All commitment levels welcome◦We like to learn, teach, and make money through poker

Our Events◦ Strategy Sessions

Student Run; anyone can host; a lecture/forum◦ Pro Speakers◦ Sweat Sessions/ Grind Sessions◦ The Penn Poker Open; The College Poker Open

Page 8: Poker 101 A Penn Poker Event

How we start our events: ◦ Name / handle ◦Where you play, what you play◦ Bad beat / Success story

Page 9: Poker 101 A Penn Poker Event

The reason we created this club was not to lecture, but to learn

If you have a question, ask If you disagree or have a better way of saying/doing

something, speak up

Page 10: Poker 101 A Penn Poker Event

Vocabulary Etiquette Bank Roll Management Position & Starting Ranges Betting Bluffing Playing online and using HUDs and Rakeback

Page 11: Poker 101 A Penn Poker Event

Continuation Bet: A post flop bet made by the pre-flop raiser

Rake: The portion of each pot, or additional fee required of each tournament buy-in, taken by the casino

Outs: The (number) of cards that will make you the best hand when behind

The Nuts: The best possible hand (at a given time).

Page 12: Poker 101 A Penn Poker Event

Often something that makes new poker players feel out of place

When in doubt, ask those sitting around you Remember 3 things◦ 1) Don’t act out of turn

Just ask, “is it on me?” Or…PAY ATTENTION

◦ 2) Don’t apologize for bad beats Sorry I won…..sorry I have your money ….sorry you suck…..sorry I sucked out If you’re truly sorry, give the chips back

◦ 3) Don’t slow roll if you won, Don’t complain if you lost Don’t gloat if you win

Page 13: Poker 101 A Penn Poker Event

Rules are strictly enforced◦ Verbal plays◦ String betting◦Mucking/ Dropping cards / Keeping cards on the table◦ Table stakes (don’t pull cash out of your pocket mid hand)

You tip the dealer, the drink staff, and often the chip runners.

Be careful who you get in arguments with Bad beat jackpots exist◦ Aces full of jacks or better beat by 4 of a kind or better, both

hold cards must play Chop it?

Page 14: Poker 101 A Penn Poker Event

What is a bankroll?◦ The money you set aside to play poker

Why is it important?◦ Even if you play nearly perfect poker, it is still possible to

lose for very long periods of time What is proper bankroll management?◦While pros disagree, the conservative poker community

supports the following equation (Big Blind of your game)*(2000) At a $.10/$.25 game, your bankroll should be $500 (=.25*2000)

◦ Tournament buy ins should never be > 2% of your total roll

Page 15: Poker 101 A Penn Poker Event

Ten-Person Ring Game

Under The Gun

Hi-Jack

Page 16: Poker 101 A Penn Poker Event

The Blinds (SB& BB) ◦ You have the worst post-flop position. Don’t play any mediocre

or bad hands here pre-flop. Play only good ones. Under The Gun (UTG) ◦ You are first to act pre-flop. Keep your range tight but balanced.

Middle Position (MP) ◦ You are in a decent position to open your range.

Button/Dealer (BTN) ◦ The button acts last on every street. The button is by far the

most profitable position in poker and you should take advantage of it by being looser and more aggressive from this position.

Poker is a game of information. Early position leaves you vulnerable to being raised, bluffed, or both. Acting last gives you the most information and the

last word on any betting, raising, calling or folding

Page 17: Poker 101 A Penn Poker Event

Starting Hands• A starting hand range is a foundation for playing solid poker. It

is a systematic chart that tells you what types of hands to play pre-flop from all the positions

They should vary • Based on the size and type of game you play• If the game is playing particularly loose, you might want to

tighten your range. If the game is playing a bit tight, you should loosen your range.

Page 18: Poker 101 A Penn Poker Event

Under The Gun◦ Any pair; AK, AQ,AJ, KQs

Middle Position◦ UTG + KQo

SB & BB◦ JJ+, AK

As you improve your ranges can broaden. In the beginning, just keep it tight

Page 19: Poker 101 A Penn Poker Event

Move your chips around. Make your presence known Balance the interests of getting value with disallowing

draws Bets should be between 1/3 and Pot sized All ins should be made cautiously, but not sparsely You should think in terms of lines, not streets You should always have a purpose and seek to

understand your opponent's purpose

Page 20: Poker 101 A Penn Poker Event

OH NO….WHERE’S MY FLUSH/SET/QUADS/BOAT?!?!?!?◦ Guess I’m going to have BUY MY WAY OUT!◦ ALL IN!!!!!!!

Bluffing should be kept relatively low and should decrease with the following:◦ A lot (3) of players in a hand◦ Being in early position◦ Not having anything to represent

Don’t bluff short stacks or deep stacks, fish, or noobs ALWAYS ASK: What am I representing? Make sure you’re telling a story that makes sense

Page 21: Poker 101 A Penn Poker Event

Online Vocabulary:◦ HUDs (Heads Up Displays)

Programs that monitor the other players statistics, most importantly VPIP, PF, Cbet and Fold to Cbet

Poker Tracker, Realtime (a free hud)◦ Rakeback: Players can register with various rakeback websites

when initially signing up with an online poker room These websites will refund a certain portion of the rake poker

rooms take from both your cash game and tournament play An excellent way for poker players to save considerable amounts

money when playing online

Page 22: Poker 101 A Penn Poker Event

… Is not illegal Play on Full Tilt◦ Rakeback ◦ Trustworthy

Play on Poker Stars◦ Good reward program◦ Trustworthy

Play on Players Only ◦ If you’re paranoid about people using HUDs

Play on Absolute Poker / UB◦ If you like cheating, shitty RNGs, bad beats, inability to cash

out, shit for rewards, death, misery, pain, etc.

Page 23: Poker 101 A Penn Poker Event

Only play with money you can afford to lose. ◦ Ask yourself: if I lose, will my quality of life be compromised?

If you think you might have a problem go to◦ GamblersAnonymous.org◦ Click “20 questions”

Poker is not for everyone. Quitting is not failing.

Page 24: Poker 101 A Penn Poker Event

If you like what you’ve seen and want more◦ Penn Poker has a Group Grind Session (steamy) on the 18th

The Learning Curve◦ Online play has become very difficult. Even if you’re a pro at your

home games you might find yourself losing money consistently even at low limits online

Want to read more?◦ NL Hold’em: Theory and Practice Sklansky and Miller◦ Little Green Book Phil Gordon◦ Professional NL Hold ‘em ◦ Twoplustwo.com◦ Pocketfives.com