Congratulations, Mike Sexton!

xwpt-montreal-mike-sexton-winner-slider-jpeg-pagespeed-ic-xdzxoqkdhv_2
Everyone at the LearnWPT team would like to congratulate the newest WPT champion, WPT’s very own Mike Sexton!

As a commentator for the World Poker Tour, Mike has been a tireless ambassador of the game.

As a professional poker player, he’s a living legend that was inducted into the Poker Hall of Fame in 2009.

He can now enjoy one of the most coveted titles in all of poker: WPT Champion. Mike bested a field of 648 entries at the Playground Poker Club in Montreal to become the newest WPT Champion.

He’ll take home CAD $425,980 (US $317,896) for his efforts.

Congratulations Mike, you deserve it!

Ask a Pro: How to Maximize my Bankroll on a Pension

I am retired with a good pension. I have perhaps $600.00 each month with which to play. If I go broke, I quit for the month. I generally get to play all month as often as I want and take my wife out for excellent dinners without using family funds. Three of the past four months were positive cash flow, for a four month net gain of about $700.00.
I budget only $600.00 at the start of each month. My question is when buying in to a 1-3 game with $100 min and $300 max should I buy short to allow more rebuy opportunities or max. to increase/maximize my potential in each hand?

PRO ANSWER:

Good question! This may apply to quite a few players on pensions/fixed incomes. With 2-6 buy-ins ($600) allotted for poker each month, the likelihood of you having months where you lose the entire month’s bankroll before the month is over is quite high. The more often you play, the higher the likelihood would be. If you only played once a month, the chance of you losing the entire $600 in that one session is lower. If you play every day, you are very likely to experience months where you are “out” for the month in the first few days.

This is interesting, because it introduces the concept of Opportunity Cost to cash games. This concept applies most often to tournaments. In a nutshell, if you have limited chips and cannot rebuy, you must take into account future opportunities to use those chips when deciding how to risk them. So in a tournament, you might turn down a 2% edge that puts your entire stack at risk, because you believe you are likely to encounter 5% or 10% edges in the future and losing your stack now will prevent you from ever seeing those opportunities.

Rizen does a great job of talking more about this in this Q&A. (Sorry, this answer is for LearnWPT Members only).

Back to your situation, this means you will encounter spots where you might have a slight edge if you continue, but you should still fold because losing that pot forces you out of action until next month.

Your goal is to maximize the use of your $600 across the month. Being forced out of action, potentially for weeks, is a pretty big downside.

Therefore, to answer your question directly, you should maximize your number of overall buy-ins and buy in for the minimum, $100. Buying in for $100 minimizes your risk of ruin (IE chance of bankroll = $0) for the month. Like you mentioned, this means you will not be able to fully exploit opportunities that you would otherwise be able to with a full buy-in of $300.

Buying in for $100 is also going to have strategic implications for your game, as you will now often be essentially Shortstacking this game. I’d recommend thinking about your Shortstacking strategy by reviewing Episode 40 and 21. Both will help you on this front. (Note: episodes are for LearnWPT Members only).

All of this being said, you should work towards building an appropriate bankroll to move yourself out of this situation as soon as possible. You can learn more about that in Episode 5. This will involve reinvesting any profits back into your bankroll for a few months rather than spending them elsewhere. This short-term sacrifice will allow you to exploit more and bigger opportunities in the future as well as provide you with all the other benefits of a dedicated self-sustaining poker bankroll.

-Nick

Play Cash Games? Come to LearnWPT Live @ Borgata so you can get a clear game plan for success in No-Limit Hold’em Cash Games!

Should You Attend LearnWPT Live @ Bellagio?

We’ve had a few people on the fence about whether or not they should attend LearnWPT Live @ Bellagio for a 2-Day Tournament Workshop…


https://learnwpt.com/bellagio

…so we made a handy flow chart to help you decide if you should join us.

Should You Attend LearnWPT Live @ Bellagio?

So, if you used the flow chart and it says you should attend, then be sure to get your tickets RIGHT NOW…

… because the 50 tickets with VIP Final Experience seats are almost completely SOLD OUT:

https://learnwpt.com/bellagio

PS – Have questions about LearnWPT Live @ Bellagio? Just contact [email protected]!

What if they know about Reshoving?

In this video, Nick Binger discusses how to play against opponents who are aware of your Reshoving strategy. We covered Reshoving in Closer Look: Bellagio Final Table Strategy Mini-Series.

What is LearnWPT Live @ Bellagio?

LearnWPT Live @ Bellagio is a 2-Day Tournament Strategy Workshop that provides a clear game plan to Tournament success along with the ultimate VIP Final Table Poker Experience the WPT has to offer.

At this special event you’ll:

  • Learn a comprehensive approach used by Pro Poker players to win tournaments, make deep runs, and maximize ROI (return on investment)
  • Get access to VIP seating for the filming of the TV Final Table for the 2016 WPT Bellagio Five Diamond World Poker Classic
  • Get the chance to meet Lynn Gilmartin, Mike Sexton, and Vince Van Patten, hosts of the World Poker Tour
  • Ask all your Tournament Poker Strategy Questions and get real answers from the LearnWPT Pros
  • Take home a Tournament Strategy Workbook filled with your notes and plans for future Tournaments

Students who attend this 2-Day Tournament Strategy Workshop will receive world-class poker instruction along with the VIP Final Table Experience of a lifetime.

Learn the systems the Pros use to survive (and thrive) in today’s highly competitive poker tournaments.

Once you’ve learned the right moves to make, you’ll get a chance to immediately see these moves in action as a VIP audience member during the filming of the WPT Five Diamond World Poker Classic Television Final Table.

 

Sneak Peek: Episode 43 – Playing Draws

In this Sneak Peek of Strategy Episode 43 from LearnWPT.com, Nick Binger discusses Playing Draws.

LearnWPT releases 2 NEW Full Strategy Episodes like this one to Monthly and Yearly Members every Tuesday and Thursday.

Want to see an example of how to play a draw when facing a bet on the flop and how to can create fold equity through aggression? Check out this LearnWPT Poker Hand Decision scenario to see how you would play it:

A♣J♣ vs a Continuation Bet, what do you do here? 

With a LearnWPT.com Membership, you can sharpen your decision-making skills with scenarios like this!

We hope you enjoyed this Sneak Peek!

Thanks for watching,
-LearnWPT

______________________________

Ready to Win More Playing Poker?

When you join LearnWPT for just $5 you’ll get:

  • On-demand access to in-depth Strategy Episodes
  • All of your poker questions answered with Ask a Pro
  • The 30-Day Winning Blueprint email series for success at the tables
  • Sharper decision-making skills with Poker Hand scenarios
  • Downloadable Tools you can use at and away from the table

Everyone else is improving their game… are you?

Sneak Peek: Episode 42 – Ask a Pro: Coordinated Boards

In this Sneak Peek of Strategy Episode 42 from LearnWPT.comNick Binger answers a Member question from our Ask a Pro feature about whether we should adjust bet-sizing based on Board Texture, and how the idea of protecting one-pair hands on Coordinated Boards can lead to betting pattern tells

With a Monthly or Yearly Membership to LearnWPT you can view this entire Strategy Episode and gain a clearer understanding of this concept and how to apply it in the games you play.

LearnWPT releases 2 NEW Full Strategy Episodes like this one to Monthly and Yearly Members every Tuesday and Thursday.

We hope you enjoyed this Sneak Peek!

Thanks for watching,
-LearnWPT