High stakes poker is the perfect game for poker players who are looking for a particular challenge. High stakes poker entails more money
more time and effort in order for a player to achieve success. Since poker is considered as one of the most sought after casino games in the world
casinos embarked on a new journey to promote poker to more people all over the world. This basic notion has led to the development of high wager poker tournaments. What is a high stakes poker tournament? How do you prepare for it?

Playing in High Stakes Poker Tournaments

Large buy-in tournaments are the venue for skilled poker players. By the name itself
most of the players in high wager poker tournaments are dealing with big amounts and are playing against some of the finest players in the world of poker. Higher wager tournaments are usually a battle among the best poker contenders in the world.

If you want to play high wager poker
you need to have a large bankroll. The minimum buy-in in this kind of tournament is usually $100
000 up to $200
000. Some high-stakes player can afford a buy-in of up to 1 million dollars in cold cash. Although these poker tournaments are very complicated
prizes are very lucrative. So if you want to take a chance
you should prepare before playing in high wager poker tournaments.

Preparing for the High Stakes Poker Tournament

Players
who wish to be part of a high wager poker
should practice the most appropriate poker skills and prepare the necessary resources before the big fight. If you haven’t been to any cash games
then this is the right time to re-assess your strengths and weakness. Ask yourself – “Are you really ready to lose money?” After setting your objective
you need to practice your poker skills. Everybody has the potential so all you need to do is put heart and mind to the game and you’ll definitely be on the right track. Since high wager poker tournaments involves large amount of money
players need to invest more. If you don’t have enough money
then it’s time to participate in small-time games and tournaments in order to build your bankroll for the high wager tourney.

Emotional stability is also an important factor to consider when preparing for the high wager tournament. You need to be patient so you can get through the game. Hand and table selection is also another point to remember. Be observant and concentrate on the game. Don’t be intimidated
just relax and let the chips fall where they may.

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PartyPoker Can Make You a Lifer
Online poker giant
PartyPoker.com
has announced that it will award a lifetime World Series of Poker Main Event package to two players and that six more will win free entry to the event for 2010. read more

The WSOP Announces $1
000
000 Texas Hold em Freeroll
The World Series of Poker has announced that it will be holding a live $1
000
000 Texas Hold em Freeroll Tournament. The event will take place during the Annual WSOP
which will be held at the Rio All-Suite Hotel Casino in Las Vegas
Nevada. This year marks the 41st time the Annual WSOP will be held. read more

Poker Endurance Record Attempt by Phil Laak
Set your calendar for June 2 as Phil Laak is going to attempt to break the record for playing consecutive hours of poker
which now stands at 78. He'll be at the Bellagio in Las Vegas trying to break Paul Zimbler's record for playing poker that was set in 2009. read more

In any endeavor
long-term success or failure is based on the existence of a competitive advantage over your opponents. If you enjoy such an advantage
you can weather the turbulence of temporary setbacks — what statisticians refer to as variance
or noise
from an expected result.

If you’re playing at a disadvantage
however
the cards can’t save you. In the long run
you’re going to be a losing poker player. You’ll constantly have to reload your account
and you might end up blaming the poker sites
online cheating
bad beats
your parents
and basically anyone or anything except yourself. Here’s the top six reasons why you LOSE at poker – to become a winning poker player
don’t make these mistakes!

Play weaker cards than your opponents in order to get in the “action” as quickly as possible. Here’s a crowd favorite. If you’re playing poker in order to get some action
you need a more adventurous life! Or at the very least
you need to discount the possibility that you’ll ever be a winning poker player. The object of poker is NOT to see as many flops as possible
but to extract as much value from the cards and situations that do happen to come your way. Often
that means patience. Sometimes
a great deal of patience. If you’re looking for some action
maybe you
need to take up one of the other games offered in the casino?
Pay no attention to position – the same cards can be played from any position for any amount of money. If you think that button is just a plastic disk marking passage to the blinds
you’re costing yourself money. An AK in first position isn’t worth half what an AK in late position is
where you have the option of playing aggressively or calling and seeing what develops. Poker is a game of information
and every round of betting provides additional information as to your opponent’s likely hand. At the very least
it provides a great deal of information as to the hand your opponent is trying to represent
and you can judge for yourself how likely he really holds the hand indicated by his betting. But in any event
it’s always an advantage to see what your opponent will do before acting – you can save a bet if you think you’re behind or earn additional bets if you’re confident that you’re in the lead. You MUST tighten your standards out of position and loosen them in position.
Play passively
calling along with your hand to see what develops. You never know what kind of unlikely draw might get there
and you want your opponent to “show you” what he has. The object of poker again is to maximize return on your good hands and minimize losses on your bad hands. You can’t afford to play sheriff on every hand just because you think there’s a chance
however remote
that another player is bluffing. Mostly
players are NOT bluffing when they show a great deal of interest in a hand. You need a very good read on your opponent to discount the hand he’s representing if he’s playing consistent
aggressive poker from beginning to end. If your opponent’s actions tell a consistent story that he has a big hand
it’s usually wise to believe him unless you’ve seen similar bluffs in the past. And even if you suspect larceny
merely calling is still usually a bad move. It’s much better
to challenge your opponent early in the hand
when the betting is still cheap
then call along through four separate rounds of increasingly-expensive betting. Put your opponent to the test early
and you’ll put more pressure on your opponents at a lower cost than passively calling along to see their hand.
Focus on your own cards
and ignore what your opponent’s past betting patterns
current bets and the table situation in general indicate as to his likely holdings. This is a favorite of the multi-table crowd. It’s true that by playing conservative
lock-down poker
you can often best players at the lowest levels without taking the time to size up your opposition or watch the other hands at the table. You might be able to get by simply playing your own hand
and judging how likely you are to be ahead by gauging your own hand strength relative to the board. But at higher stakes
you need to have some kind of read on your opponents: are they tight or loose? do they tend to overbet the pot with a big hand or merely a draw? how often do they bluff? do they respect your play? If you’re not paying attention to the hands being played at the table (where you’re not involved)
you’ll have no idea of the other players’
betting patterns. You’ll be left playing your own cards
and left guessing what your opponents might be up to. That’s fine for ABC poker against incompetents
but as your opponents’ skill increases
so too will their powers of observation. If you allow them superior information (by not paying attention to the other players’ – and your own – betting patterns) your tunnel vision will cost you dearly.
Pay no attention to bet sizing and maximizing returns on winning hands and minimizing losses on your losers
based on the play of the hand. Professional players spend a great deal of time trying to figure out how they could have “gotten that extra bet” out of a fellow
and analyzing if they could have “bet a smaller amount [on a bluff] and gotten the same information.” They do so because they know that most your winnings at the table will come from maximizing winning hands and minimizing losses on losing poker hands. You will NOT make most of your money from absurd and audacious bluffs
regardless of the table conditions (loose tables will call anyway
and tight competent opponents will look you up at the worst times). You make most of your money on your value betting (and by saving money with tough folds). Just acknowledging that the secret to winning poker play is NOT bluffing will put you on the fast track to being a consistent
winning player.
Pay no attention to game selection. Here’s an obscure one
and in real-life it’s difficult to actually execute. In real-life cash or tournament play
it can often be difficult to choose the ideal table to maximize your winnings. Online poker sites
however
give you the statistics on flops seen. All else being equal
you want to go to a loose table
where lots of players are paying to see the flop. This can make for some initially wild action
but the tight
aggressive player can capitalize on this to get paid off on his top hands. You can also patiently wait to pick your spots. Most of your profit at the poker table will come from one or two loose
weak players
and you want to be seated at the table that allows you to exploit such players. As Jesus showed
it only takes a few fish to feed an army.
This article extracted from Poker Tips that Pay: Expert Strategy Guide for Winning No Limit Texas Hold em (author Jonathan Gelling
Play to Pay Publishing).

Love poker
but want to earn some money from the game? Visit PokerTipsThatPay.com and preview a sample chapter from Poker Tips that Pay: Expert Strategy Guide for Winning No Limit Texas Hold em
by poker author Jonathan Gelling.

by Jonathan Gelling

–

The WSOP Announces $1
000
000 Texas Hold em Freeroll
The World Series of Poker has announced that it will be holding a live $1
000
000 Texas Hold em Freeroll Tournament. The event will take place during the Annual WSOP
which will be held at the Rio All-Suite Hotel Casino in Las Vegas
Nevada. This year marks the 41st time the Annual WSOP will be held. read more

Team Titan and Sorel Mizzi on a Roll
Sorel Mizzi
who made his name as a monster online poker player and signed with Team Titan at Titan Poker one month ago
has been burning up the poker tables in Europe. Mizzi finished in the money twice recently. read more