Molly's Online Poker and Sportsbook Guide

When it comes to advice about poker, my attitude is very simple: seek it out, absorb it, but while you're at the table, forget it.

I'm a firm believer in learning the game by playing the game. I'm not saying there aren't a lot of great resources around to help players improve their games or that poker books and tutorials don't have their place. They do. However, the problem I see with people who rely on these kinds of aids is that they end up playing poker like someone else or - even worse - like everyone else.

One of the things that makes poker great is that it's a game where there's really no right or wrong way to play. Every player has their own approach to the game and the key, in my opinion, is to take the things you learn from other players and incorporate them into a style of play that works for you. more...

If you want to win a HORSE tournament, you have to be good at all five games. You don't have to be the best player at any one game, but you can't be the worst. If you're really bad at one of the games, it's going to hurt you. People often ask me which of the HORSE games I'm best at and I always give them the same answer it depends upon who I'm playing against. Whatever my opponent's worst game is, that's my best game.

In a HORSE tournament, it's really important that you remember to switch gears from one game to the next. It can be easy to forget if you're not careful, especially in the Stud portion of the games. When switching from Hold 'em to Omaha, you get dealt a different number of cards. You automatically know that's it's a different game because you're holding two more cards in your hand. That's not so obvious in the Stud games because all three versions start off the same. The only giveaway that you're playing Razz as opposed to Stud Hi or Stud Hi/Lo is that in Razz, the high card is the bring-in instead of the low card. Otherwise, all of the Stud games have the same basic structure, so it's really easy for players to forget to switch gears. more...

In tournaments, I play lots of hands. I'll put my money in with all kinds of connected cards, especially when in position. I might limp, I might min-raise or raise a little more than the minimum, depending on the circumstances. I'm looking to keep my table off balance so they don't know where I'm coming from.

My overall goal is to pick up a lot of small pots without a lot of resistance. I might raise in position and hope for a call from one of the blinds. If I raise pre-flop with something like 6-7, I might miss the flop entirely, but the raise puts me in control of the hand. On the flop, I'll likely bet if checked to, even if I miss. That small bet on the flop will usually win me a small, but helpful pot. more...

In No-Limit Hold 'em, one of the trickiest and, sometimes, scariest situations occurs when you bluff at a pot on the flop and get called. The turn brings a blank and you're left with a big decision: Do I fire a second bullet and continue with the bluff?

Recently, while playing in the World Poker Tour event at The Mirage, an opponent launched a double-barrel bluff against me, and he got me to lay down the best hand. It was early in the tournament and I was in late position. My opponent, a pro whose play I respect, raised from early position, and I called with Ac-4c. The flop came A-J-7, rainbow with one club. My opponent bet out and I called. The turn brought a blank, and my opponent put out a very large bet. more...

Players get excited when they flop two pair because they know they're in a great position to take down a pot. But often, two pair is not nearly as powerful as it seems. This is especially true when holding bottom two pair or top and bottom pair. These hands may look dominant on the flop, but they're usually quite vulnerable.

For example, say you're playing a No-Limit Hold 'em ring game. There's a standard raise to four times the big blind from middle position. You figure the player has A-K or maybe a middle or high pocket pair. Everyone folds to you on the button, where you find 5d-7d. You've got favorable position and a hand that can flop some powerful draws, so you decide to call. The blinds fold, and the flop comes 5c-7h-Ks.

This is great. Not only do you have two pair, but it's very likely that your opponent has a piece of this flop, with top pair top kicker or maybe an over-pair. He bets into you, and you have to decide what action is best. more...

Money management theories abound but I have yet to see any proof that any of them really work. What I do know is there are a lot of bad money management strategies to avoid and that is what I will cover in this article.

Let me get the key point out of the way: Poor money management generates more losses for players than bad handicapping or not shopping for lines. Even the worst bettors seldom lose more than 55% of straight wagers. The easiest way to explain is to show a few examples. Take a look at the following four scenarios and hopefully you won't recognize any of these habits as yours. more...

Also known as a combo, a parlay is a selection of two or more wagering outcomes, in which the odds for the payouts increase with the number of teams (sides/totals) chosen; the more teams you choose to parlay, the better the payout. You can combine different sports, pointspreads and moneylines in win/loss and/or totals betting.

In all honesty it's hard for me, on behalf of players, to recommend parlays because of the high hold percentage given to the house, but I can understand why players like betting parlays - it's all about the big payoffs! "Sometimes the smallest investments can turn into the greatest rewards," said one winner. more...

Remember that sportsbooks make their money by withholding a small commission on winning wagers. If Player A bets on Atlanta -4, risking the standard $110 to win $100 and Player B bets $110 to win $100 on Buffalo +4, then the sportsbook makes $10 regardless of the outcome, as long as the final score isn't Atlanta by 4 points (in which case both wagers would be pushed and nobody makes any money). Since the total wagered is $220, the house's gross profit % in this simple scenario is about 4.5%. This number is the Theoretical Hold Percentage (or THP for short) for a straight wager. more...