Future Of Online Poker In India
This is a common misconception among new players and it denotes an extreme ignorance on some key and fundamental concepts in poker like expected value and variance.
Why?
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In order to fully assess the root of this misconception we have to dive deep into the logic behind this reasoning. Let's breakdown some myths around this…
“It's better to sacrifice a bit of long-term EV in order to reduce short term variance”
I won't state this is wrong. There's some truth behind it but not as many people think. Let's start by listing the situations where I would be comfortable passing small/marginal EV decisions…
- If I have an edge against the majority of the players on my table.
- If we´re talking about $EV instead of chip EV
- The amount of chips we´re risking do not compensate the risk we´re taking.
Besides all of those, I just won't be passing any EV situations at my table. If someone comes along and gives you $100 you won't turn it down to wait and see if someone else comes and offers you more money…Would you? Of course not! By passing EV situations, regardless how marginal or small they are, is precisely the equivalent of rejecting those $100. Let's break it down each one of those
If I have an edge against the majority of the players on my table.
If I have a genuine edge against most of the players on my table then it makes sense letting pass some marginal EV situations in order to exploit these players postflop in a much better situations.
For example, let's say I am playing in a turbo 1-table SNG against the top 5 best players in that format. In that case, I am more than happy to flip preflop for 50bb-60bb effective stack since my postflop edges against them aren't any better than taking a flip in an all-in situation preflop. Contrary to this, let's say I am playing the same format but this time playing against 5 bad players. In this situation I won't be flipping a 50bb-60bb effective stack in a marginal all-in preflop situation.
Why?
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Future Of Online Poker In India Online
I can make up all the EV lost there by exploiting them postflop on later hands. It just makes more sense to me. If we're talking about $EV instead of chip EV Obviously, here we're referring to late stages in a tournament where ICM takes a major role influencing our decisions at the table. In this situation, we have to take into account future EV a lot more and take pay jumps into account. The amount of chips we´re risking do not compensate the risk we're taking.
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This is pretty similar to the first one. A common situation to this is in the first stages of a tournament and we´re facing a potential all-in situation with 100bb preflop with AK. It makes no sense flipping for that many big blinds so early on a tournament where bad players, fish, maniacs, and calling stations are all over the place.
There are a large variety of game combinations to choose from as compared to what is offered in live poker. You have the chance to browse through all of them and see which would earn you the most before playing. Cryptocurrency is allowed as a form of payment, which entails friendly withdrawal options as long as Bitcoin has been made legal in your country. Credit cards and bank transfers are also allowed. Online poker has rules and policies of situations that may arise when playing such as if you lose internet connection, they cover all content. You can play on different tables in online poker to avoid the risk of losses.
Games at online poker cannot have a winner determined before a game starts. The sites use 'Random Number Generator' which is based on algorithms that are spontaneous and only based on how good you are at poker. The software is meant to prevent hackers from accessing the site. Organizations understand that cheating results in a huge scandal which results in the site's downfall along with distrust in the professional setup. People cannot ignore that there are situations where collusion can take place.
Collusion is when two or more players are working together to scam the rest of their money by constantly raising their stakes resulting in other players folding or doubt their cards. There have been situations where employers hack online poker servers and reaped from players' hard-earned winnings. Legal statutes make sure that such situations are avoided because organizations behind online poker sites are the ones forced to pay back stolen funds. If an employer is caught, they are liable to be charged with a felony that can land them in prison. This discourages any kind of scamming on reputable online poker sites.
A player should know that online poker is not rigged or fixed against anyone. Most of those of a similar opinion, have heard it from another player or have made huge losses and decided to go after the integrity of the sites. It could be that the player was not as talented at online poker as the rest of the players, but they are simply not willing to accept that they took a risk and it did not favor them. Unlike live poker, you cannot tell your opponents' bluff reactions during an online game and so need to have extensively practiced poker before playing online.