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Welcome new members and class of ’12
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
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
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
Welcome new members and class of ‘12
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
How we start our events: ◦ Name / handle ◦Where you play, what you play◦ Bad beat / Success story
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
Vocabulary Etiquette Bank Roll Management Position & Starting Ranges Betting Bluffing Playing online and using HUDs and Rakeback
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).
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
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?
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
Ten-Person Ring Game
Under The Gun
Hi-Jack
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
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.
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
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
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
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
… 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.
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.
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