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		<title>Women in Poker Hall of Fame</title>
		<link>http://www.annieduke.com/2011/09/women-in-poker-hall-of-fame/</link>
		<comments>http://www.annieduke.com/2011/09/women-in-poker-hall-of-fame/#comments</comments>
		<pubDate>Tue, 13 Sep 2011 00:03:40 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1175</guid>
		<description><![CDATA[Lat week I had the honor of giving the keynote address at the Women in Poker Hall of Fame dinner. I have had a few requests to post the speech I gave so in response to that I am posting it here. Enjoy and let&#8217;s meet the 10% challenge! I am so honored to be [...]]]></description>
			<content:encoded><![CDATA[<p>Lat week I had the honor of giving the keynote address at the Women in Poker Hall of Fame dinner. I have had a few requests to post the speech I gave so in response to that I am posting it here. Enjoy and let&#8217;s meet the 10% challenge!</p>
<p>I am so honored to be speaking in front of this amazing group that has done so much to support the role of women in this industry.</p>
<p>2011 has been a tumultuous year for the poker industry, to say the least. Last year when Jeffrey [Pollack] spoke about a change in the poker industry I am pretty sure he was not foretelling the government shutdown of online poker on Black Friday. Our industry has been deeply affected by Black Friday as everyone has been forced into a position of self-examination, a redefinition of who and what we are and what we do to achieve success and excellence in poker.</p>
<p>If you are an American player who has mainly grinded online you now may need to  redefine yourself as a live action player or, even, make the extremely difficult choice to relocate to another country in order to continue to play and maintain your livelihood.</p>
<p>Maybe you are on the business side of the poker media – and now you are scrambling to creatively fill the void left by the advertisers forced out of the country.</p>
<p>Maybe you are on the other side of the camera – working production watching as poker show after poker show is canceled.</p>
<p>We have  all been forced to re-examine who we are and what we must do to carry-on.</p>
<p>For myself, I was forced into a personal re-examination this spring because of an event that happened just prior to Black Friday: the death of my mother. Her death, not surprisingly, triggered a lot of deep thinking about my priorities in life, my life with her and the deep impact and influence she had on me. There was a sort of strange beauty for me in the symmetry of working to be a part of the redefinition of poker, through my work at Epic, and the redefinition of myself as I have gone through this difficult personal journey.</p>
<p>So, as I was considering what I was going to talk about with you today, a nerve-wracking task to say the least, I had an epiphany. There surely is no better audience to talk to about the impact of a woman on my life than this audience. It was at that moment I found my voice and found my key message: MENTORSHIP.</p>
<p>Without my mother’s mentorship, I am positive that I would never have become a poker player. Ironically, my mother never played poker. To be fair, she was an adept card player, but at the time she grew up poker would never have been an option for her. So her mentorship was not about teaching me the intricacies of the game. It was about giving me courage – the courage that as a women, no matter what barriers to entry their might be, or whatever you might want to try &#8211; that if you believe in the power of your own intellect you can accomplish anything.</p>
<p>It is that belief that I truly have to thank her for instilling in me and it is certainly what allowed me to dare.</p>
<p>Now, as everyone in this room knows, there are so many barriers to entry for a female poker player.</p>
<p>We are told as children: Don’t be aggressive, it is unbecoming. Yet aggression is a key component of great poker play.</p>
<p>As women we are also told: Don’t be competitive, it’s not becoming, stand on the sidelines and cheer. And yet an intense competitive spirit is integral to success at the tables.</p>
<p>We are told: No boys will like you if you are good at math. Write poetry or draw. (and yes I was told those things by some). Yet, math skills and the embracing  of that discipline is also so essential  to successful play.</p>
<p>And then there is the simple intimidation at the poker table – a table always filled with mostly, if not all men &#8211; when certainly at the time I started playing and where I started playing, the words sexual harassment were not even in the lexicon (nor could they be spelled by their practitioners).</p>
<p>So I think back to how I dared:</p>
<p>How did I dare descend to the basement room in the back of the seedy Crystal Lounge in downtown Billings, Montana? How did I dare enter that testosterone laden place through a cloud of Marlboro Man tobacco smoke, and take my place at a table where I was the only ‘girl’?</p>
<p>And, yes, I was a girl, both in name and in reality &#8211; just in my 20’s, among ranchers and old men who swore at me when I would win and treated me like worse than nothing because their very manhood seemed challenged by my invasion.</p>
<p>I know that this feeling is not unique &#8211; so many of you in this room have experienced this, the same treatment, the same fears that I had.</p>
<p>So how did I dare? My Mentor. My Mother.</p>
<p>My mother gave me the power to play. Even while she was cringing at my choice of job, certainly in the early 90’s when poker was not on TV, when the glamour and celebrity attached to the game now was not even a whisper of a thought, you could not have expected my mother – a women raised in the traditions of the 50’s &#8211; to be completely on board right away.</p>
<p>But it was the way she had raised me that allowed me to dare to make that choice, and the way she raised me was the true mentorship.</p>
<p>I grew up in a household where competition thrived. As a family, we interacted through games: hearts, gin, scrabble, bridge. In my house, I was allowed, encouraged, as a girl growing up to want to and to strive to win.</p>
<p>And I wanted to win badly.</p>
<p>My mother taught me that it was okay for a girl to want to win. My mother, who had the quickest mind and sharpest intellect of anyone I have ever known or, surely, will know, taught me that if you put your mind to it you can do anything. She taught me that the pursuit of knowledge is the goal in life, second only to having good relationships. She taught me that the differences among us should be celebrated not hidden.</p>
<p>How could I not dare to become a poker player with her as a mentor?</p>
<p>So as we ask ourselves, “How do we bring more women into the game and, in general, more players to the game?” My mother has truly given us the answer.</p>
<p>Mentorship.</p>
<p>When I first started playing at the World Series of Poker, players like Barbara Enright and Linda Johnson acted as my mentors. I am sure they didn’t know it then and, may not have known it until now, but to see their example, the example of women competing toe to toe in the open events, capturing open bracelets, this was such an important example to me. They demonstrated that women can do it, can be competitive at the uppermost levels of the game.</p>
<p>And when televised poker boomed, a broader audience of women everywhere had the same opportunity that I did to see women competing at the elite levels: Women like Jennifer Harman, Kathy Leibert, Kristy Gazes, Cyndy Violette and more, women competing on television and winning. Winning bracelets and championships. What an amazing opportunity that presented to show women the path, to give women the confidence to dare to compete. To redefine this great game as game for everyone &#8211; not just a game for the stereotypical old, cigar chomping, baseball hat wearing man.</p>
<p>And as poker’s popularity grew, the opportunity to mentor in a more meaningful way, in a more personal way, in a way that would give women the tools and knowledge to compete at the game, presented itself through camps like the WPT Bootcamp and the WSOP Academy. As my mother taught me so well, knowledge is the most powerful weapon you can possess. Having the opportunity to give to others what my mother gave to me through my work with the WSOP Academy is a gift that only the poker boom could have given me.</p>
<p>Poker has provided  me with an amazing life and having a platform to pass on what I know about the game through teaching seminars or through my book, <em>Decide to Play Great Poker</em>, is something I could have never imagined back in that smoky room playing $10/$20 limit poker in Billings, Montana. I feel that every time I teach someone to play I honor my Mother and my other mentors, including and most significantly, of course, my brother.</p>
<p>I have no doubt that each of you feels the same way when you pass on your knowledge of this great game.</p>
<p>And this year I had the honor of having taught the winner of the Ladies Event at the World Series of Poker, Marsha Wolak. It is such a pleasure, a gift really, to see the fruits of my mentorship culminate in such a grand way. Congratulations to Marsha.</p>
<p>Today, I have a new mentor, Jeffrey Pollack. I truly believe that Jeffrey will be known as the individual most responsible for the modernization of the game of poker. I have been lucky to call him a friend for many years and, now, I am even luckier to call him a mentor as I embark with him and our partners on what I would consider a daring mission, to professionalize poker and to celebrate the great players in this game in the same way the elite are celebrated in other sports.</p>
<p>In every other sport, there is a forum for the best to play the best, and until now poker has been sorely missing that outlet. It is certainly the case that in other games like golf and tennis that anyone can play. My 72 year old father is still out there competing several times a week on tennis court. But just because anyone can play doesn’t mean that there shouldn’t be a forum where objectively the best in the world compete against each other. That is certainly the case in golf and tennis. Basketball and football. Even snowboarding and skateboarding.</p>
<p>So why has this forum been missing in poker?</p>
<p>We have set out to create this forum with the launch of The Epic Poker League. We have referred to Epic as the PGA of Poker and that is certainly what we are striving to achieve. As I stand on this new side of the felt, I am lucky to have a mentor like Jeffrey Pollack helping me through the process as we work to develop a new kind of relationship between the players and the tournaments in which they play, as we work to redefine what it means to watch poker on TV in the post Black Friday Era.</p>
<p>I am proud to say that at Epic we have some of the most incredible women in the industry on our team: Our Vice President of Programming + League Operations, Kat Kowal. Our Director of Player Relations, Joanne Priam. And our Vice President of Marketing, Amalia Rosen. These are all incredible, powerful women who I am honored to be working with and learning from every day.</p>
<p>And of course, we have several female league members, including both the more familiar faces to the viewing public and the young phenomenal players that have recently burst on the scene. Jennifer Harman, Kathy Leibert, Annette Obrestaad, Vanessa Rousso, Sandra Noujoks, JJ Liu, and Vanessa Selbst have all qualified and are representing both the old guard and new guard so well.</p>
<p>It is so exciting for me, as someone who has been around for so long, to see a new crop of incredibly talented female players emerge, players who are consistently in the top 50 in the world.</p>
<p>But even so, there are only 7 female league members amounting to just 3% of the League roster. When I started playing the WSOP Main Event back in 1994 about 3% of the field was comprised of women. This year? About 3% of the field was comprised of women. So while the absolute numbers of women playing the game has certainly grown during the poker boom, the percentage of women playing has not. When you consider the fact that over 30% of all poker TV viewers are women – I know we can do better.</p>
<p>So how do we get more women to play? I truly believe that we have a responsibility as women who have successfully found their place in this game to mentor young women, to provide them with the same confidence and belief that your intellect is your greatest weapon that my mother gave to me. When I started playing, I could never have imagined a future where a woman, particularly me, would be in the role of commissioner of anything.</p>
<p>But the future is here.</p>
<p>To be able to work to redefine what it means to be a professional poker player, to be able to work to redefine the relationship between the fans and the players, to be able to work to redefine what televised poker is such an honor, such a privilege, and I can only hope to rise to the challenge the way my mother would have expected me to.</p>
<p>I would like to challenge each and every one of you tonight to follow in my mother’s footsteps.</p>
<p>On the personal level, consider becoming a mentor, to take another female player under your wing, teach her, encourage her and nurture her.</p>
<p>As a group, let’s work toward finally breaking that 3% number. There are a lot of people in this room with a lot of reach. So I put this challenge to this room. Next year, on the weekend of the Ladies Event, let’s organize our constituencies to play not only the Ladies Event but the open $1,000 event that same weekend. If we organize and plan in advance, and everyone unfortunate enough to get knocked out of the Ladies Event would enter the $1,000 WSOP Event, we could easily create an open event where close to 50% of the field would be comprised of women. This is would be unheard of and unprecedented. What better weekend to do it than when the entire community is in town playing the Ladies Event already?</p>
<p>Imagine the statement this would make. We have arrived and we are here to stay.</p>
<p>Let’s break that 3% both at Epic and the WSOP. Let’s set a goal of 10% within the next 3 years. Is it ambitious? Yes. But I think we can do it if we just believe in the power of our own minds.</p>
<p>If we believe in the force of our collective will.</p>
<p>Let’s make my mother proud!</p>
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		<title>John Vorhaus guest blog!</title>
		<link>http://www.annieduke.com/2011/06/john-vorhaus-guest-blog/</link>
		<comments>http://www.annieduke.com/2011/06/john-vorhaus-guest-blog/#comments</comments>
		<pubDate>Thu, 30 Jun 2011 02:47:51 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1173</guid>
		<description><![CDATA[Skipping Through Schiphol Friday, June 24th, 2011 No blog posts these past few days for a variety of reasons. Scant free time, for one thing, for between work sessions and social gatherings after, well, Amsterdam, like gas, expands to fill the available space. Besides, much of those doings were cloaked in, if not exactly secrecy, [...]]]></description>
			<content:encoded><![CDATA[<h3><a title="Permanent Link to Skipping Through Schiphol" href="http://radarenterprizes.com/?p=1558">Skipping Through Schiphol</a></h3>
<p>Friday, June 24th, 2011</p>
<p>No blog posts these past few days for a variety of reasons. Scant free time, for one thing, for between work sessions and social gatherings after, well, Amsterdam, like gas, expands to fill the available space. Besides, much of those doings were cloaked in, if not exactly secrecy, discretion; I could tell you, but then I’d have to hit you with a large pillow. And that would be weird.</p>
<p>The biggest problem was that I shifted hotels, and while the new place was much more centrally located (and much closer, crucially,  to the Holland Casino in Max Eueweplein), it had — henceforth and forever the benchmark, by definition — the world’s sketchiest internet. I’m not saying that the wireless signal was weak; I’m saying that sometimes it would spontaneously deconstruct, taking my whole computer with it, necessitating an entire system reboot. I could barely upload a tweet, much less a picture. I decided to wait and post later, rather than look in the hotel mirror and watch my own head explode.</p>
<p>So now I’m in the British Airways lounge at Schiphol Airport, which is pronounced “ski-pole,” not “she-pole,” which makes no sense to me, since every other word in Dutch seems to come fraught with a mind-numbing and phlegm-inducing collection of guttural “ch” sounds. Don’t get me wrong: I love Holland and the Dutch and everything about them, but their language reminds me of a question I was asked once after a trip to Wales. “Now that you’ve been there,” someone said, “do you find the Welsh language pleasing to the ear?”</p>
<p>“Well, yeah,” I replied, “compared to Klingon.”</p>
<p>With work (and attendant socializing) completed, I was determined to make my way to the Holland Casino and see if I couldn’t iron out a few slackjaws over a friendly game of no-limit Texas hold’em. I’d been there before, and I’d kind of gotten crushed, for the Dutch play their poker <em>fast </em>and <em>hard</em>, and they’d gone through me like the proverbial freight train through the wind. “The thing you must understand about the Dutch,” I’d been told at the time, “is that we are all either farmers or pirates.” Well, okay, then.</p>
<p>Still, I’m a different player now. Thanks to my ongoing transformation under the tutelage of <em><a href="http://tinyurl.com/decideatamazon" target="_blank">Decide to Play Great Poker</a>, </em>I enter every game I play feeling like finally, at last, I really know what I’m doing. Both globally — my goal for a given game — and locally — my play of every betting street on every hand — my default state of mind now is “dialed in.” That’s a consummation devoutly to be wished. (And always the standard disclaimer: though I’m co-author of the book, all the great conceptual stuff — the transformational stuff — is Annie Duke’s, not mine.)</p>
<p>Anyway, the details of the session don’t matter much, except for this: I had my choice of games, a small one against weak players, or a larger one against <em>some </em>weak players but also several very good ones. In past I’d have chosen the smaller game, seeking the softer target with the attendant lower risk of “getting hurt too bad.” This time I went for the big game, and even though I knew it was a tough lineup, I also knew I could beat it. All I had to do was play as tough as they played. And now I can.</p>
<p>You know, I don’t want to beat the dead horse of this, but the more I think about the impact of<em> Decide </em>on my game, I’m aware that it’s less about the lines of play I’ve learned than about the underlying confidence I’ve acquired. And the larger point is this: You can do something for a long, long time, think you’re really pretty good at it, and then suddenly, if the circumstances are right, experience a whole order of magnitude’s growth. It’s worth keeping in mind. Life is long. When we think we’re stuck, or plateaued, probably we’re not as stuck or plateaued as we think.</p>
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		<title>Photo Contest!</title>
		<link>http://www.annieduke.com/2011/06/photo-contest/</link>
		<comments>http://www.annieduke.com/2011/06/photo-contest/#comments</comments>
		<pubDate>Wed, 29 Jun 2011 01:38:55 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Poker]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1168</guid>
		<description><![CDATA[Want a chance to win a signed copy of Decide to Play Great Poker, a $25 gift card from Kiva and a half hour private poker lesson on the phone with me? Okay, here is how you do it: Starting tomorrow, June 29, through Tuesday, July 12th, post a picture on Twitter to @annieduke of [...]]]></description>
			<content:encoded><![CDATA[<p>Want a chance to win a signed copy of <a href="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323">Decide to Play Great Poker</a>, a $25 gift card from <a href="http://www.kiva.org/">Kiva</a> and a half hour private poker lesson on the phone with me? Okay, here is how you do it:</p>
<p>Starting tomorrow, June 29, through Tuesday, July 12th, post a picture on Twitter to <a href="http://twitter.com/#!/annieduke">@annieduke</a> of Decide to Play Great Poker. You can be in the picture or not. You can certainly use photoshop. And if you incorporate the <a href="http://twitter.com/#!/epicpokerleague">@epicpokerleague</a> logo that would be big bonus points. When you post your picture use the hashtag #dtpgp on twitter so I can easily search all the photos.</p>
<p>Obviously humor and creativity is encouraged here. After July 12th, I will decide the funniest and most creative use of the book and the logo in a photo and the winner will get a signed, personalized copy of DTPGP and that half hour phone lesson from me. Plus, you get the $25 Kiva gift card to honor my mother.</p>
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		<title>The Big App Show with Adam Curry</title>
		<link>http://www.annieduke.com/2011/06/the-big-app-show-with-adam-curry/</link>
		<comments>http://www.annieduke.com/2011/06/the-big-app-show-with-adam-curry/#comments</comments>
		<pubDate>Sun, 19 Jun 2011 20:46:18 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Poker]]></category>
		<category><![CDATA[Stuff]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1150</guid>
		<description><![CDATA[I stopped by The Big  Book Show a few weeks ago to talk about my new book with one of my favorite people, Adam Curry. How awesome is it that I can be in the same room with someone I grew up watching on TV. My life is SURREAL!  In the best possible way, obviously. [...]]]></description>
			<content:encoded><![CDATA[<p>I stopped by <a href="http://bigbookshow.com">The Big  Book Show</a> a few weeks ago to talk about my new book with one of my favorite people, Adam Curry. How awesome is it that I can be in the same room with someone I grew up watching on TV. My life is SURREAL!  In the best possible way, obviously. The Big App Show is now doing covering books. So we got to discuss <a href="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323">Decide to Play Great Poker</a>. Okay we also discussed the new <a href="http://www.federatedinc.com">Federated professional poker league</a> and parenting and business and politics and the banking crisis and black Friday and&#8230;</p>
<p>Enjoy!</p>
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		<title>Decide to Play Great Poker getting even greater feedback</title>
		<link>http://www.annieduke.com/2011/06/decide-to-play-great-poker-getting-even-greater-feedback/</link>
		<comments>http://www.annieduke.com/2011/06/decide-to-play-great-poker-getting-even-greater-feedback/#comments</comments>
		<pubDate>Sat, 18 Jun 2011 17:50:43 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Poker]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1145</guid>
		<description><![CDATA[Editing this post already as there was yet another amazing review put up today that actually choked me up!  Added below you can see it. It is the second review posted here. Okay. Some what of a brag post. But this new review went up on Amazon today for Decide to Play Great Poker and [...]]]></description>
			<content:encoded><![CDATA[<p>Editing this post already as there was yet another amazing review put up today that actually choked me up!  Added below you can see it. It is the second review posted here.</p>
<p>Okay. Some what of a brag post. But this new review went up on Amazon today for <a href="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323">Decide to Play Great Poker</a> and I am just blown away by it.</p>
<p>Gotta give a big shout out and HUGE thank you to Mr. Boyle <img src='http://www.annieduke.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>5.0 out of 5 stars <strong>From a good player to a great one&#8230;</strong>, June 18, 2011</p>
<div>
<div>By</div>
<div><a href="http://www.amazon.com/gp/pdp/profile/A3QG3IC5LSLXY4/ref=cm_cr_dp_pdp">Mr. C. Boyle &#8220;SBPhoenix&#8221;</a> (Glasgow, Scotland) - <a href="http://www.amazon.com/gp/cdp/member-reviews/A3QG3IC5LSLXY4/ref=cm_cr_dp_auth_rev?ie=UTF8&amp;sort_by=MostRecentReview">See all my reviews</a><br />
<a href="http://www.amazon.com/gp/help/customer/display.html/ref=cm_rn_bdg_help?ie=UTF8&amp;nodeId=14279681&amp;pop-up=1#RN" target="AmazonHelp">(REAL NAME)</a></div>
</div>
<p>I&#8217;ve played poker semi seriously for about five years and have every poker book and read as many forum entries as possible in an attempt to &#8216;decide to play better&#8217; and I was at the stage where I was winning marginal amounts regularly and my bankroll was slowly building, but marginal is the key word.</p>
<p>I heard about Annie Duke&#8217;s book through twitter and downloaded the kindle version&#8230;and it blew my mind! Other books follow a quite regimental structure &#8220;do this in this situation, dont do this in this one&#8221; which is fine if your just starting out but if you want to understand WHY professional poker players do what they do when they do it then &#8216;decide to play bettter poker&#8217; is a must for your collection.</p>
<p>The first chspter alone will save you a fortune, I mean it, over your poker career the first chatpet will save you a FORTUNE!</p>
<p>Its written in a way that makes you question every decision you make at the table, instead of sticking to the &#8216;pattern&#8217; suggested in other books she teaches you to think about the play that is correct in the situation at the time.</p>
<p>Annie Duke, one day ill thank you in person, you have changed my game for the better.</p>
<p>If you havent bought this book already&#8230;.buy it! Make a decision to play better poker now!</p>
<p><strong>Correct Aggression</strong>, June 18, 2011</p>
<div>
<div>By</div>
<div><a href="http://www.amazon.com/gp/pdp/profile/A4S12UMN4EOEK/ref=cm_cr_pr_pdp">Patrick</a> (Cleveland, Tunisia) - <a href="http://www.amazon.com/gp/cdp/member-reviews/A4S12UMN4EOEK/ref=cm_cr_pr_auth_rev?ie=UTF8&amp;sort_by=MostRecentReview">See all my reviews</a></div>
</div>
<p>I was studying poker for about two years before I read this book, and having only marginal results. I would occasionally catch a big hand and occasionally get paid off with it. The rest of the time I was simply at the mercy of everyone else&#8217;s betting and raising and accumulating mountains of chips while I was just barely squeeking by&#8230;like a little mouse.</p>
<p>That was my problem, the major leak in my game. No aggression.</p>
<p>I&#8217;m naturally basically a passive person and therefore a passive player&#8230;a nit, a rock, a mouse. I despise aggressive behavior in others and for me to behave aggressively makes me feel like a scumbag. So I don&#8217;t.<br />
The problem with that is it&#8217;s not profitable poker; and I&#8217;ve been conceptually aware of that the whole time.</p>
<p>This book finally finally finally gave me the perspective I needed to put the aggressive plays in my game without making me feel like an aggressive person (scumbag).<br />
Using the &#8220;game theory&#8221; thought process this book outlines in detail, I&#8217;m finaly able to make bets, raises and reraises in the correct amounts, in the correct spots, versus the correct opponents, for the correct reasons that make sense to me (instead of someone just saying &#8220;be aggressive&#8221;)&#8230;without the emotional baggage.<br />
In other words, I&#8217;m not being an aggressive person (in which case I&#8217;d hate myself); I&#8217;m just playing correctly.</p>
<p>It&#8217;s like when you&#8217;re sitting at an intersection, and they light turns green: you step on the gas. Simple.<br />
Well, this book finally gave me a clear-cut logical process for figuring out when the light is green, and the emotional freedom to step on the gas.</p>
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		<title>FS+G Pro/Ams: Your ticket to poker&#8217;s most exclusive title</title>
		<link>http://www.annieduke.com/2011/06/fsg-proams-your-ticket-to-pokers-most-exclusive-title/</link>
		<comments>http://www.annieduke.com/2011/06/fsg-proams-your-ticket-to-pokers-most-exclusive-title/#comments</comments>
		<pubDate>Sat, 18 Jun 2011 16:47:41 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1142</guid>
		<description><![CDATA[Win Your Seat to Play with the Pros on National Television for a $1,000,000 First Prize This August, poker’s elite will come together to play the inaugural FS+G professional league Main Event for $1,000,000 in first place prize money. This FS+G $20,000 buy-in tournament will feature the world’s best live tournament poker players competing against [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="text-decoration: underline;">Win Your Seat to Play with the Pros on National Television for a $1,000,000 First Prize</span></strong></p>
<p>This August, poker’s elite will come together to play the inaugural FS+G professional league Main Event for $1,000,000 in first place prize money. This FS+G $20,000 buy-in tournament will feature the world’s best live tournament poker players competing against each other on national TV.</p>
<p>The league is offering a unique opportunity for poker players of all levels to take their shot at Main Event glory. The Main Event has nine coveted wild card seats for non-members and the only way to capture one of these nine wild card seats is through FS+G’s Pro/Am tournament.  That’s right, there are only nine wild card seats for the Main Event and you can win one only by playing in our $1,500 Pro/Am tournament with start days on August 5<sup>th</sup> and 6<sup>th</sup>. The Pro/Am tournament is a star-studded cash tournament with six-figures in prize money, plus the <em>coveted</em> nine Main Event seats that give you a shot at a multi-million dollar prize pool and the chance to play on national TV against the biggest stars in the game.</p>
<p>Satellite into the Pro/Am tournament now! The Palms is offering a $340 super satellite with one Pro/Am seat guaranteed every Saturday at 7pm through July 31<sup>st</sup> and a $180 super satellite with one Pro/Am seat guaranteed every Sunday at 7pm though July 31<sup>st</sup>. The Palms is also offering single table satellites into these supers daily for $40 and $65.</p>
<p>This means you could be playing on national TV for a $1,000,000 first prize in the pro Main Event for only $40. Are you ready to live the dream and take your shot at the glory?</p>
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		<title>Rules, Rules, Rules</title>
		<link>http://www.annieduke.com/2011/06/rules-rules-rules/</link>
		<comments>http://www.annieduke.com/2011/06/rules-rules-rules/#comments</comments>
		<pubDate>Tue, 14 Jun 2011 06:16:25 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Poker]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1138</guid>
		<description><![CDATA[So I was giving a lesson yesterday to some really nice kids who had won the private instruction through a charity auction. I was talking about how so many poker books give you rules on how to play, rules like: Always raise if you are first into the pot Always make it 3 times the [...]]]></description>
			<content:encoded><![CDATA[<p>So I was giving a lesson yesterday to some really nice kids who had won the private instruction through a charity auction. I was talking about how so many poker books give you rules on how to play, rules like:</p>
<ul>
<li>Always raise if you are first into the pot</li>
<li>Always make it 3 times the big blind when you play</li>
<li style="text-align: left;">Always raise the button if everyone folds to you, no matter what your hand is.</li>
</ul>
<p>Of course, all of these rules are ridiculous because they will only work some of the time. It is certainly MOSTLY correct to raise if you are first into a pot but it is not ALWAYS correct and understanding the difference is what separates great players from merely okay ones. It is the understanding of the things that this distinction depends on, what game conditions would make it right to not raise all the time coming in, that will make you a great player.</p>
<p>In going over this idea that you should never play poker by rote rules just because a book told you to do it I came up with an analogy I wish I had used in <a href="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1305858828&amp;sr=8-1">Decide to Play Great Poker</a>:</p>
<p>A poker book that gives you rules like always raise if you are first in the pot and make it 3 times the big blind is like a spelling teacher telling you &#8220;I before E&#8221; without telling the &#8220;except after C part.&#8221; If you can&#8217;t even get to that exception how will you ever get to the &#8220;except when it&#8217;s ay like in neighbor or weigh.&#8221; And got forbid someone asked you to spell the word &#8220;weird!&#8221;</p>
<p>The point is there is no rule that could possibly apply all of the time to anything in life, much less a game with hidden cards, variance, and lots of different personalities at every table you play. If you follow rote rules in anything you are going to be a rigid thinker incapable of adjustment.</p>
<p>Don&#8217;t be that (broke) guy.</p>
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		<title>Reviews are in for Decide to Play Great Poker</title>
		<link>http://www.annieduke.com/2011/06/reviews-are-in-for-decide-to-play-great-poker/</link>
		<comments>http://www.annieduke.com/2011/06/reviews-are-in-for-decide-to-play-great-poker/#comments</comments>
		<pubDate>Sat, 11 Jun 2011 18:02:38 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Poker]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1134</guid>
		<description><![CDATA[Well, Decide to Play Great Poker was officially released this week. Very exciting for me and my superb coauthor, John Vorhaus. The reviews are starting to come in and&#8230;they are GOOD! Here&#8217;s the thing, as I say in my acknowledgments in the book, writing this book was really hard for me. And by hard, I [...]]]></description>
			<content:encoded><![CDATA[<p>Well, <em><a title="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1305858828&amp;sr=8-1" href="http://">Decide to Play Great Poker</a> </em>was officially released this week. Very exciting for me and my superb coauthor, John Vorhaus. The reviews are starting to come in and&#8230;they are GOOD! Here&#8217;s the thing, as I say in my acknowledgments in the book, writing this book was really hard for me. And by hard, I mean scary. This is book is full course in decision making as it applies to no limit hold&#8217;em but, obviously, it is a course in the way I think about the game also. My philosophy.</p>
<p>Here was the scary part for me: I knew when the book was published, out there, that was when I might get criticized. <em>Annie doesn&#8217;t know anything about poker. I knew she was a terrible player. She&#8217;s an idiot who has nothing new or fresh to offer. </em>These kinds of comments were my greatest fear and I imagined them all! I know I seem pretty confident but I seriously was somewhat paralyzed by these kinds of imaginings during the process of writing this thing.</p>
<p>If you never actually finish, then you get to just be the person who is writing a book on poker. There is no failing at that, right? I mean, I was writing the book. So I was doing what I said. But no one saw what I was writing, either. So there was no failing at that. It is when you deliver the book that is can be a failure. No one buys it. No one likes it. It is that moment when you hit send and it is off to the publisher that you jump into the abyss, take that leap where you open yourself up to what the world might say. And that is damn scary.</p>
<p>This is why it took TWO YEARS for me to deliver this book. It seems so stupid in retrospect that I allowed this kind of anxiety to slow me down. But I am treating it as a learning experience in being more brave, more bold, going forward.</p>
<p>So now it is delivered. I overcame my fears. I let the book <em>out there</em>. And the reviews are coming in. And they&#8217;re good. I mean really good. I am so happy!</p>
<p>So allow me, after two years of torturing myself, a moment to brag and thank everyone for all the amazing feedback <img src='http://www.annieduke.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />  I can only assume my next book will take me less time now.</p>
<p>If you are interested in the reviews on Amazon, go <a title="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/product-reviews/1935396323/ref=dp_top_cm_cr_acr_txt?ie=UTF8&amp;showViewpoints=1" href="http://">here</a>. In the meantime, here&#8217;s a sample from Twitter :</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> dwnloaded the new book &#8211; read the whole thing! Like an Advanced cap-stone graduate course in strategic poker thinking! Awesome!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> I&#8217;ve been playing for a while. I thought, not another poker book! They&#8217;re the same! After reading Poker bible, The New Testimate!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> this book inspires not only the novice but the experienced player. Its ability to make you think about your play is amazing..:)</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> reading your book, great help. Won the SnG last night following your advice on raising. Thank you!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> definitely an innovative poker book. One of a kind!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> your words inspire confidence in my play . Learning why I am making a decision is such a boost</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> &#8220;&#8230;all that matters is the quality of your decisions, not the outcomes of those decisions. &#8221; &lt; best anti-tilt imaginable. Great!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> half was through your new book decide to play great. What an exciting look into the process. Great read, very insightful, helpful</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> reading Decide and realised that this is the epiphany that I&#8217;ve needed to finally advance past &#8216;advanced intermediate&#8217;. You rock!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> Just wanted to say THANK YOU for authoring a book that truly speaks to the way the game has evolved. It&#8217;s so so refreshing!!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> Finally finished the kindle version of your book. I own about 30 kindle books and this is easily one of the best. Well done!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> Just read your book and I haven&#8217;t read a better one since I got serious about poker. Sure it played a part in my first wsop cash</p>
<p>Can&#8217;t say enough for <a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> &#8216;s &#8220;Decide to Play Great Poker&#8221;. Starting it for the 2nd time. <a title="#NotjustwhattodobutWHY" rel="nofollow" href="http://twitter.com/#!/search?q=%23NotjustwhattodobutWHY">#NotjustwhattodobutWHY</a>!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> I&#8217;ve only just finished chapter 3 and I can&#8217;t wait to get back to the casino. BEST BOOK EVER!</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> So refreshing and insightful to not have a poker book based on charts/stats/percentages/&#8221;rules&#8221;. More realistic.</p>
<p><a rel="nofollow" href="http://twitter.com/AnnieDuke">@AnnieDuke</a> Am enjoying your book. Even though I&#8217;ve read a lot of poker books, yours still is helping me see things in a new way.</p>
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		<title>Excerpt 4 from Decide to Play Great Poker</title>
		<link>http://www.annieduke.com/2011/06/excerpt-4-from-decide-to-play-great-poker/</link>
		<comments>http://www.annieduke.com/2011/06/excerpt-4-from-decide-to-play-great-poker/#comments</comments>
		<pubDate>Thu, 02 Jun 2011 17:39:04 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Poker]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1129</guid>
		<description><![CDATA[One of the key messages of Decide to Play Great Poker is that every decision at the table should have a clear rational. Your actions should have clear purpose. The excerpt below is from the section of the book on understanding what the purpose of raising a hand preflop is. You&#8217;d be surprised how many [...]]]></description>
			<content:encoded><![CDATA[<p>One of the key messages of <a href="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323">Decide to Play Great Poker</a> is that every decision at the table should have a clear rational. Your actions should have clear purpose. The excerpt below is from the section of the book on understanding what the purpose of raising a hand preflop is. You&#8217;d be surprised how many people raise <em>because they have a good hand </em>or <em>because they want to build a pot. </em>Those are not good reasons to raise. In the book, I go over the top three reasons to raise. Below you can learn about number three <img src='http://www.annieduke.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<div id="_mcePaste"><strong>The Number-Three Reason for Raising</strong></div>
<div>The third reason for raising: It gives you power. It provides you with the lead on the pot, putting you in charge of what happens next.</div>
<div id="_mcePaste">Think about how many pots in no-limit hold ’em go, “Check to the raiser” on the flop, then the raiser bets and everyone folds. Do you want to be the one betting or folding? Seems like an obvious answer to me, but let’s look at an example of why the lead is so powerful.</div>
<div id="_mcePaste">Say A♠J♠ limps into the pot, pocket 5s raises, and A♠J♠ calls. Now, the first thing to notice about that play, which happens a lot at the table, is that the A♠J♠ has put raising money in the pot without taking any raising power for himself. A♠J♠ could have raised the pot himself, but instead paid the same price with a limp and a call. Same price, no extra purpose. AJ doesn’t find out anything about what his opponent is holding (his opponent could be raising just to take advantage of the limp), he didn’t narrow the field, and he didn’t take the lead.</div>
<div>Now let’s look at the consequences of that action.</div>
<div id="_mcePaste">The board comes Q♠-9♦-2♦ and what happens? A♠J♠ checks to pocket 5s. Can you hear it? “Check to the raiser.” Now the 5s bet and what does A♠J♠ do? He folds.</div>
<div>To be fair, he didn’t have the better hand. In fact, the 5s rate to win the pot 75% of the time after the A♠J♠ misses on the flop. But the way the A♠J♠ played the pot, he couldn’t win without it being the best hand. And that’s the problem. You can’t be a successful hold ’em player if you must have the best hand to win. But what if the A♠J♠ had raised like he was supposed to in the first place and the pocket 5s had called? Then the A♠J♠ leads out on the Q♠-9♦-2♦ board and the pocket pair folds. So the worst hand wins, the hand that only hits on the turn or river 25% of the time, just by raising pre-flop and taking control. That’s called extra purpose, my friends. Even if one hand dominates the other, say AJo versus ATo, the first raiser and first bettor is likely to win, because neither hand much loves that flop of</div>
<div>Q♠-9♦-2♦ and when one hand bets first, the other hand goes away. It doesn’t so much matter who has the best hand, but who has the lead in determining who wins the pot. And that is how most hands of hold ’em play out.</div>
<div>Around here we have a saying, “The second liar doesn’t stand a chance.” What that means in hold ’em is simple:</div>
<div>BE FIRST IN TO WIN</div>
<div>I don’t want to discount the possibility of someone getting creative with you if you raise pre-flop and make the expected continuation bet. Some players will float you—flat-call on the flop—with the intention of raising you off the pot on the turn. But if the next card off the deck is scary (and viewed through a certain filter, almost all of them can be scary), that player has to be super-creative to follow through on his bluff. And we don’t even hate that, because every time you force your opponents to get super-creative on you, you’re giving them opportunities to do really stupid things, which is always good.</div>
<div>Also, super-creative players are the exception, not the rule. Under normal circumstances, in the everyday run-of-the-mill poker game, you have control of the pot after raising pre-flop and getting heads-up. Now, you’ll miss that flop 67% of the time, but so will your opponent, so ask yourself who you want to win when you miss that 67% of the time: you or him? You, obviously. And to achieve that result, you need to take the lead on the pot, and be the raiser, and cause people to check to you. Then you’ll bet and they’ll fold. Not only that, you’ll force the decision onto your opponent, giving him yet another opportunity to make a mistake.</div>
<div>I can put it even more simply: Do you want to be more or less likely to win? If you limp into a pot and let a lot of others limp in after you, you’re less likely. But if you act first and raise, you’re more likely, either by having everyone fold then and there or by taking control of the hand (with better information, by the way) and dictating the terms of engagement from that point forward.</div>
<div>Under normal circumstances in a normal game, the reasons for raising are so compelling that you probably shouldn’t ever limp when you’re first to act. Essentially, you look at your hand; it’s either yes or no. Yes, I’m willing to play this hand or no, I’m not willing to play this hand. If it’s yes, use your chips with purpose and raise the freaking pot.</div>
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		<title>Excerpt 3 from Decide to Play Great Poker: What&#8217;s in your bankroll?</title>
		<link>http://www.annieduke.com/2011/05/excerpt-3-from-decide-to-play-great-poker-whats-in-your-bankroll/</link>
		<comments>http://www.annieduke.com/2011/05/excerpt-3-from-decide-to-play-great-poker-whats-in-your-bankroll/#comments</comments>
		<pubDate>Mon, 23 May 2011 17:18:15 +0000</pubDate>
		<dc:creator>Annie</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Poker]]></category>

		<guid isPermaLink="false">http://www.annieduke.com/?p=1122</guid>
		<description><![CDATA[While Decide to Play Great Poker mostly covers decision making regarding playing strategy, the last 70 pages or so focuses on decisions regarding bankroll management and emotional control. The fact is that you can be the best poker play on the planet when you are playing your A game but if you can&#8217;t manage your [...]]]></description>
			<content:encoded><![CDATA[<p>While <em><a href="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323">Decide to Play Great Poker</a></em> mostly covers decision making regarding playing strategy, the last 70 pages or so focuses on decisions regarding bankroll management and emotional control. The fact is that you can be the best poker play on the planet when you are playing your A game but if you can&#8217;t manage your bankroll properly or if you are always playing on tilt, you will be broke. Period. I can&#8217;t emphasize enough how important these issues are in being a successful player, recreational or professional. You can know how to play top pair perfectly but if you don&#8217;t have money to bet it doesn&#8217;t matter. You can know how to ply a set just right but if you are on tilt you won&#8217;t actually execute properly.</p>
<p>Enjoy the excerpt. <em>Decide to Play Great Poker </em>is available for <a href="http://www.amazon.com/Decide-Play-Great-Poker-Strategy/dp/1935396323">preorder now</a> and will be out June 7th. It will also be available on Kindle.</p>
<div id="_mcePaste"><strong>Fooled by Randomness</strong></div>
<div>Say you’re running particularly good one month, like normally you’re earning $8 an hour in your $1/$2 game, but this month you’ve been winning at the rate of $24 an hour. You think, Well, I’m just that good, and now you start to estimate that you’re so skillful, you should win at that unexpectedly high rate (which, by the way, would be pretty impossible at $1/$2 no-limit unless the game played super-huge). Know what? No one’s win rate is that far above the norm. A really fantastic poker player might have a 5% edge on the game and that’s huge, because of the churn. If he sits in that $1/$2 game with $200, his expectation isn’t to win $10 for the night. His expectation is to earn 5% on the total churn, the total money he runs through the game, betting and winning pots and betting that same money again. If he churns $1,000 through the game, he should expect to earn $50 on the night. If he plays for six hours, that’s an hourly rate of around $8. He might win $250 one night. He might lose $125 another night. But his expected earn will always be $8 an hour, no matter what his daily results are.</div>
<div>So we have to draw a distinction between running good and playing well. Sometimes they overlap—your good play nets good results—but often it’s just a case of a player being the beneficiary of a not-very-extraordinary string of outcomes. Nassim Nicholas Taleb describes this phenomenon in elegant detail in his book Fooled by Randomness and I commend it to your attention. It explains why a huge-field poker tournament always features at least one unknown and, let’s face it, not very skilled player going deep into the money with a massive chip lead.</div>
<div id="_mcePaste">Say 6,000 players are in the main event of the World Series of Poker and half of them have the strategy of just going all-in on every coin flip they can find. Thousands of players will wind up on the rail, wondering where this strategy went wrong, but quite a few guys will wind up on the right side of a few coin flips in a row—not a statistically startling occurrence, by the way—and now they have a mountain of chips. It’s like putting an infinite number of monkeys in front of an infinite number of typewriters. Eventually one of them will write this very book. (Go monkeys!)</div>
<div>Putting 6,000 players in a poker tournament with this coin-flip strategy is like parking monkeys in front of typewriters: Someone’s gonna get lucky; someone has to win. Someone will inevitably be on the right side of a string of coin flips, whether he’s playing well or not. If it happens to be you and now you suddenly think you’re the second coming of Jesus (Ferguson), you’ve just been fooled by randomness, that’s all. You happened to be the one who caught lucky.</div>
<div>If you keep running great, tournament after tournament, that’s great, maybe you do have some skill. Because then you can say that the good result in the main event was predictive of how you’d do in future tournaments. But you can’t link good results to good play on just one iteration until you use those good results to predict the future; otherwise you might have just gotten lucky.</div>
<div id="_mcePaste">And here’s where players get confused. Based on a string of good outcomes, they falsely conclude that they’re much better players than they are and can therefore afford to play higher, or spend money as if they’ll keep winning at that rate—two great ways to go broke. The logic of this is seductive. If I’m earning 5¢ on every $1 we bet, why wouldn’t I want to earn 50¢ on every $10, or $5 on every $100, which I tell myself I can do just by committing a much larger percentage of my bankroll to my play?</div>
<div id="_mcePaste">Here’s why that won’t work: Even if I’m every bit as good as my short-term results would have me believe (which I’m not, by the way), if I play with too large a chunk of my bankroll, eventually variance will catch up to me. I’ll go broke, maybe not even from bad play, but just from bad luck. And then I’ll have no money to back my over-inflated sense of self.</div>
<div id="_mcePaste">We can see, then, that in order to be a winner in this game, you need to be not just a good poker player, but a good money manager, because without your bankroll, you can’t do business. And one way of being a good money manager is to keep your eye on randomness. There are predictable pitfalls to avoid. We’ve all heard, for instance, about talented poker players who blow their bankrolls on negative-expectation wagers like craps. It’s not just that they’re action junkies (a lot of them are). It’s also that when they’re running hot, they fool themselves into thinking that they’ll always run hot. They think that the money they’re making at poker at this moment will continue to come in at that rate, so they can afford to take bad gambles, just for fun or for the buzz.</div>
<div>They’re not certain to continue winning at that rate.</div>
<div>In fact, they’re certain not to.</div>
<div>And then they’ll go broke and they’ll cry.</div>
<div>So here we see two types of mismanagement at work. First, there’s the money mismanagement—squandering the bankroll. Second, there’s the ego mismanagement—the sense that you’re better than you are. Let these two beasts loose and you’re really in the soup. Just ask any talented railbird who’s ever hit you up for a loan.</div>
<div>I’m not telling you never to play craps or baccarat or slots or whatever. I’m just saying that that money had damn well better be recreational and not have a negative impact on your poker bankroll. If it does, you’re like a carpenter who starts hocking his tools, or melting them down to make tin whistles. It just doesn’t make any sense. You’re the one who’s supposed to have the edge, right? Not the house.</div>
<div>So some players go broke when they let their bankrolls leak. But even players sensible enough not to play keno (!) still go broke by putting too high a percentage of their bankroll on the table at once. This is particularly common online, where you can accumulate money very quickly. You get a lot of hours in. You get in a lot of churn. And if you hit a lucky streak with a lot of churn, you’ll accumulate a lot of money very fast.</div>
<div>And think you can continue to win at that rate.</div>
<div>And put too much on the table at once.</div>
<div>And go broke in a day.</div>
<div>The story is famously told of a blue-collar guy who liked his poker and played a sensible responsible game. He had no bankroll to speak of, so he just played satellites. Satellite after satellite, enjoying his poker and doing a good job of ego and life management. Then one day he caught lucky, won a satellite into a big tournament, and cashed out of the event for $250,000.</div>
<div>Can you guess where this story is going?</div>
<div>Now he’s got a quarter of a million dollars and suddenly thinks he’s too good to play satellites. So he just starts buying into every tournament that comes his way. It takes five months, but he manages to burn through all $250,000. Maybe he wasn’t even that bad a player. Maybe he just got really lucky once, then not unusually unlucky for a not-unusual length of time. Anyway, that’s a quarter-mil he let go of.</div>
<div>It’s hard to get hold of a quarter of a million dollars. Ask anyone.</div>
<div>So if you’re to play poker successfully, you’ll need some bankroll rules. And I know I said that the first rule is there are no rules, but this is the exception that proves that one.</div>
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