Dec 08 2009

Low Stakes Poker to Air Next Summer

Category: Poker Blogmalcolm @ 8:48 am

Fox Network has recorded a new Poker TV show which any poker player can take part in. They have enjoyed great success with their show “High Stakes Poker” where fans sit back in awe watching players willing to play at the highest stakes fight for pots worth sometimes over $500,000 of real money. The new show is going to be called “Low Stakes Poker” and Fox believes this will relate to every poker player as something they understand and could take part in.

It is a shrewd move by Fox who appreciate that the player pool at the top level of Texas Hold ‘em poker are a close knit group and the players style is governed on High Stakes Poker many times by previous history with the opponent. Playing at lower stakes the show will be more about standard play highlighting the flaws in the player’s games. Closing these leaks will help the participating players get better without costing a lot of money.

The action is $0.02/$0.04 meaning that an adequate bankroll for this game would be around fifty to one hundred dollars of real money if you follow the recommended guidelines of good bankroll management. Of course players will turn up to this poker show with their last ten dollars, that is the nature of good poker television.

Fox are keen to show that they do not share the blasé attitude that the top poker players have to large losses at the poker table on shows like Poker after Dark or High Stakes Poker. In the current economic climate they appreciate that times are tough and they want to encourage poker players that fun games can be found at any level of poker and you do not need to risk it all at the high stakes poker tables. If you only have $10 to play poker with there are still games to play and you should play hard just as if you had $10,000 at the table. This is a view shared by Kevin Reilly of Fox.

Kevin is quoted as saying that the decadence of poker players and their tolerance to large amounts of risk is not something they wish to promote too hard. They do go to incredible lengths to ensure comparisons with High Stakes Poker are obvious only in their difference to it. Play was recorded on an Air Hockey table in a public area and not in the closed and securely guarded room in the casino. Players had bundles of nickels rather than the thick wad of dollar bills used by the high stakes participants. This does not mean the players do not try in low stakes poker and the value of money is stressed at all times.

It is pleasing to see that the TV network appreciates that the value of money depends solely on the individual. Many lower stakes poker players would feel just as bad losing $10 as a high stakes player like Tom Dwan would feel losing $100,000. In Low Stakes Poker every player is fighting for the chips no matter what their value.

Rather than the pots being $180,000 they are more like $18, but hopefully people will still enjoy the entertainment. The players selected are likely to make up for the lack of large cash pots with superb entertainment and some slapstick humour. You can expect an inadvertent High Stakes Poker spoof show with serious poker being played as players realise the stakes are small and viewers do not tune in for the poker pots like they do on High Stakes Poker. For many of them this is their moment in the spotlight and they will ensure you are entertained thoroughly. Phil Hellmuth is taking part and this will ensure plenty of lively banter at the table.

I cannot wait for this show to air and only hope it is shown in the UK where I am based. This could be something very popular and something most players could participate in and aspire to be part of. Make sure you tune in to what could become a cult poker sites in 2010 and could see many players join in at the lower stakes games.

By Malcolm Clarke

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Dec 01 2009

Are The High Stakes Poker Games Now Too High?

Category: Poker Blogmalcolm @ 5:52 pm

Online poker rooms offer many different types of player the opportunity to participate in many forms of poker. You can play in Stud, Texas Hold ‘em, HORSE and Omaha in a variety of different limits. The higher limits you play the more money that you can win (and lose) by playing online poker. Those that want to make a living playing professional online poker must play at a level where this is possible and work to improve their online poker game so they can achieve this goal. You must also have the right mental approach.

Coping with swings of up to $100,000 in a day used to be essential tolerance for a high stakes poker player. The high stakes online poker games today have developed into super stakes games where it is possible that you can lose or win up to $1 million in one day, often more. Isildur1, the unknown poker player from Sweden, was in profit by $5 million within ten days of beginning to play the high stakes games, lost it all and then made another $3.5 million very quickly. A quick check of his statistics shows him now showing a loss of $500,000 overall, meaning that he has lost $4 million again in a matter of days.

Many online poker players’ bankrolls were swelled by Guy Laliberte, the founder of Cirque De Soleil, who lost around $28 million playing high stakes online poker in 2008.

As a lower stakes poker player who likes to make a bit of money from poker enough to bolster my standard of living and income a little I struggle to imagine how a poker player carries on playing when they amass such a life changing sum of money. The high stakes poker games are verging on being too high where all value of money is lost. This is worrying for a young person to move into adult life thinking that earning money is very easy.

In the global climate to which we now live, having $5 million would be enough for a full life of luxury with the right investments. Working in traditional businesses it is very hard to make this sort of money. Perhaps the wrong message is being sent by this irresponsible approach to money by the top online poker players who are happy to win and lose millions each day.

A better message is being sent by many of the top live players. Howard Lederer, Phil Ivey and Chris Ferguson invested their expertise into developing Full Tilt Poker, which now earns them in excess of $1 million per month each in earnings. This is just a reported figure and the actual figure may be higher. Daniel Negreanu has lots of outside interests that earn him money and Phil Hellmuth is reported to be a co-owner of Ultimate Bet and has his own brand of poker clothing and accessories.

Poker players currently grinding often do not aim to reach the ultra high stakes online poker games. Many are content to grind their way through many hours of lower stakes games knowing they earn more than they could in Industry. There are very few players making a healthy living from the highest stakes games, even Patrik Antonius, Tom Dwan and Cole South (all known as top players) are showing heavy losses for 2009. The question must be asked on why they do not drop down and crush the slightly lower limits.

The answer is because the action is what dictates their involvement. Antonius is part of Full Tilt now as is Dwan, so it is others like Benyamine, Townsend, South, Dang and Ziigmund and others that are the big gamblers playing simply to participate in online poker. Are they simply out of control gamblers who happen to be good at online poker? We all know that assessing our own poker game is the hardest thing to do in poker.

I would recommend that you enjoy watching the high stakes games, but never forget the value of proper online poker bankroll management and an ongoing appreciation for the value of money at all times. Enjoying any profits you make will remind you on why online poker is so much fun when things go well and the reasons we all look to improve our poker game. Moving up limits is fine providing you are comfortable with the extra risk exposure.

By Malcolm Clarke

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