Know Your (Table) Limits - Paul Wolfe

In the 18 months that I've been playing poker at Full Tilt Poker, the one question I am asked most often is a variation on the following:

"Hey Paul? What are you doing in this 10-20 No-Limit game? Ivey, J-dags, and Matusow are at the 25-50 No-Limit table, and E-dog is playing in the 50-100 Limit game. Why don't you join them?"

The first thing I do when I walk into a poker room is put my name on the lists of games I'm interested in; the next thing I do is have a good look at the particular games I've just signed up for. More often than not, I'll sit at the first available table when my name is called, but I immediately take stock of the game and behave accordingly. Often times, everything is just fine, but sometimes I'll ask to be added to the table change list. Other times, a seat change button is enough to make the game palatable. On rare occasions, I simply leave the table.

As I play, I take note of the loose players and tight players, and then use that information to decide which seat will be most profitable. Likewise, I keep a casual eye on the other games. If I get called for a table change, I make sure the new game is the more lucrative one; if it's not, I'll stay put and ask to be put at the bottom of the transfer list. And while I have seen unbeatable 3-6 games and very soft 10-20 games running side by side, it's safe to assume that higher limits mean tougher games.

If you're playing to learn, nothing will challenge your poker skills like being at a table with Howard Lederer and Phil Gordon. If you're playing poker for entertainment and making money isn't your goal, by all means choose your tables according to where you'll have the most fun. But if your only goal is to make money, forget about everything except picking the weakest game at a limit you can afford, even if it's the 1-2 game when you're itching to play 2-4. In ring game poker, it is better to play smaller at the table you're likely to beat than it is to play bigger at a tougher table. You also need to take your time about moving up a level. I have seen many 1-2 players sustain steady win rates at those stakes for a month, then disappear for weeks after taking a shot at the 2-4 game.

Knowing where to play is as important as knowing how to play. If you pay close attention to your game selection, you'll grow the kind of bankroll that will allow you to have more games to choose from.

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Know Your Opponent; Own Your Opponent - Paul Wolfe

I was at my first World Series of Poker* in 2002, talking to a player who had made the final table the year before. He told me something I've never forgotten, and it's helped me ever since.

I had raised pre-flop with A-K and he called from the button. The flop came all small cards. I checked and he fired a pot-sized bet. I looked at him and said, "You must have a good hand." His reply caught me off guard; "It doesn't matter what cards I have if I know what cards you have."

At first I thought I might have a tell – maybe I hummed when I missed the flop, or I looked away from my chips. It was later that I realized I did have a tell, but it had nothing to do with my physical demeanor. It was the way I played my cards.

Poker is often not so much about the cards you have, but knowing the way your opponent plays. Keeping track of which hands your opponent raises with - and the position from which he raises with them - is a large part of the game.

In a live game, it is hard to remember exactly what cards your opponent has raised with over the years and, if they're good players, those hands will change from time to time. But many poker players are creatures of habit, playing the style they are most familiar with. Online, there is no excuse not to have this knowledge at your fingertips.

While playing on Full Tilt Poker, I get to write notes on players and it is a great help. I am always referencing my notes, and they will often tell me which hands an opponent has played in the past. The color-coding makes it even easier for me. I use one color to mark the players who only bet when they have a strong hand, and another color to mark the action players.

When I see a player marked with a certain color, I can safely assume that he's going to overplay his hands. This is a guy I am more willing to call with a hand that might be a little weaker, or a drawing hand after the flop. Why? Because I know that if I hit my hand, he's going to pay me off; I have implied odds to call. With another player, I'll play a little tighter because not getting paid off means my implied odds aren't there. This one bit of information has both increased my winnings and minimized my losses.

Self-awareness is an important part of any endeavor. But in poker, knowing your opponent is just as important as knowing yourself.

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