Molly's Online Poker and Sportsbook Guide

A couple of weeks back, I won the $2,000 No-Limit Hold 'em event at the World Series of Poker*. It's a great honor to have the bracelet. The $800,000 that I got for first place is, of course, awesome. For most of the tournament, I was short stacked. But, I think I played my short stack well and, for this tip, I thought I'd share some thoughts I have on short-stack play.

The key to my short-stack survival was that I was able to steal enough pots to stay alive. There was only one play I could use; move in, and hope everyone folded. It worked out for me, despite the fact I was card dead most of the day.

There were a couple of reasons my steals were effective. First was that I was careful not to let my stack fall below seven or eight big blinds. In No-Limit tournaments, it's very important to do your stealing when you have at least eight to 10 big blinds. If the average stack is between 20 and 25 big blinds, which is common in the later stages of tournaments, and you move all-in for eight or more big blinds, only very strong hands are going to call you. Your opponents won't want to risk becoming a short stack by losing a confrontation, so there's a tremendous amount of fold equity. 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...

In an earlier article, Perry Friedman gave some guidelines as to what you should be looking for at the start of a Seven-Card Stud hand. Perry concentrated on third street, when you make your initial decision to proceed with the hand or not. For this tip, I'd like to go further down the road and talk about fourth street.

When playing Stud, fourth street is the last of the smaller betting rounds. On fifth street, the bets double, so if you decide to play beyond fourth street, your investment in the hand is going to be hefty.

On fourth street, I look to see if an opponent has picked up a card that has a relation to the door card (the first up card). If fourth street builds straight or flush possibilities for my opponent, I'm likely to muck a lot of hands; if it appears to be a complete blank, I'll usually continue. 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...

I'm best known in the poker world for my tournament success. I've won four World Series of Poker* bracelets, including the World Championship in 1996. With as much success as I've had in tournaments, however, I still prefer to spend most of my time in cash games. If I were to limit myself to tournaments, I'd miss out on some of poker's most interesting aspects.

In tournaments, you're constantly moving. The tournament director may move you so that he can balance tables, or your table may break. So, even if you've been attentive to your opponents' tendencies, there's a good chance that you won't be able to exploit the information you've gained. In a cash game, however, you have far more time with a set of players. When I play a cash game in a casino, I might spend eight, 10, or 12 hours with the same group, so I have a longer time to study my opponents and exploit their weaknesses. more...

I play in some of the biggest cash games in the world. Usually, these games are loaded with pros - folks who know the intricacies and advanced strategies of pretty much every poker game. We normally play a mix of games that can include Hold ‘em, 7-Stud, Omaha, and one or more of the Hi/Lo variations. Most of the time, we play with a fixed-limit betting structure.

In a recent session, I had a stretch where I was pretty card dead, so I spent most of my time folding. To my knowledgeable opponents, it must have appeared that I was playing especially tight. Then in a game of 7-Stud, I was dealt an Ace as my up-card. The bring-in bet had been raised and I re-raised.

Then, two top-rate pros with no more than their antes in the pot called my re-raise. There are only a couple of hands that might justify their calls. However, as the hand proceeded with me as the aggressor, it became clear that the callers of my third-street re-raise didn't have much at all. One held three unconnected hearts, the other had a middle pair with no kicker. more...