Basics
Types of Players
- TAG: Tight(Calls Seldom), Aggressive(Bets Often)
- LAG: Loose(Calls Often), Aggressive(Bets Often)
- TP (Bad): Tight(calls seldom), Passive(Bets Infrequently)
- Calling Machine (Complete Fish!): Loose(Calls Often), Passive(Bets Infrequently)
A Sense of Stack Sizes
- Small: 40BBs or less (800)
- Medium: 41-90 BBs (800, 1800)
- Big: 91 BBs or more (1800-4000)
- Deep: 200 BBs or more (4000+)
Pot Odds: When should we call?
General Decision Rule: Positive expected value: if Win% > (Call Amount)/(Pot After Call). The wining probablity is percentage of what we can contribute to the pot.
How to estimate the probability of drawing? Each card is worth approximately 2% = 1/47
- Low pair -> three-of-a-kind: two cards with turn+river, 8%
- Flush Draw: one card on the river, 2*9=18%
- Inside Straight Draw: one card on the river, 2*4=8%