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Mike Caro

Mike Caro: Today’s word is... ENTICE

You earn poker profit only if your opponents make mistakes. That’s the fundamental truth about winning.

Nobody plays poker perfectly, so the battle is over mistakes. The players whose mistakes are the fewest or least costly eventually win. Mistakes made by opponents will naturally occur. But why settle for just those. You should entice even more of them. Today, we’ll examine how to do that.

Enticing covers many things, from projecting a personality that makes losing more comfortable for your opponents to eliciting bets and raises through subtle psychological maneuvers. But let’s go a step further. Let’s simply entice weak opponents to play in our pots. That’s indirectly enticing mistakes, because weak opponents make plenty of them.

Where the money lives

The most important key to enticing is to make yourself someone who weak opponents prefer to play against. Look at it this way. You’re trying to play in a land of weak opposition, because that’s where the money lives. Right?

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Mike Caro: Today’s word is... ADVERTISE

Poker is a business. And as in most businesses, it can pay to advertise. Many players don’t advertise effectively when they’re in a game. They do it at bad times. They do it too often or not often enough Their “ads” are poorly conceived. Or they pay too much. Today, I’ll explain the art of profitable advertising in poker.

The concept

When you sit in a poker game, you’re setting up shop — you’re in business. The first thing you must do is find the best location — the right game that affords the most potential to make money.

That usually means choosing a table where players are entering pots and calling more than they should. Avoid games with many raises from aggressive players, though. You really want loose, meek opponents who will reward you by calling when you hold superior hands, but won’t press every advantage. When you see them, it’s the right place to locate your business today.

And remember, most physical businesses must choose a permanent location. And you’ve heard that location is everything when measuring the success of a store. Same in poker — except you have the luxury of moving to a better location anytime you want.

Store? How does that apply to poker? Don’t stores sell things?

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Mike Caro: Today’s word is... CARING

Let me teach you a poker trick that makes winning much easier. It’s about caring—and it isn’t what you’re thinking.

 Yes, you must care about money when you play poker. But that isn’t the big secret. If you want to win mountains of extra chips, you need to convince opponents that you don’t care. Now I’ll explain why and tell you how.

Rumors

People like to spread rumors. They’ll tell you that Rosemary was out all night with Jasper, repeating what someone else said. They’ll claim that John was arrested for soliciting prostitutes. They heard it. Everyone knows it by now. So, why not repeat it? Well, maybe because it might not be true.

 But this isn’t a lecture on morals or ethics. It’s about how rumors circulate and get enhanced. Maybe you heard that I like to burn $100 bills at the poker table. That “rumor” circulated for decades. People wanted it to be true, and they heard it from many others. So, what’s the harm in broadcasting it?

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Mike Caro: Today’s word is... ADJUSTMENT

You’ve probably heard that you need to adjust to your opponents to win at poker. That’s wrong! In fact, you risk costing yourself money whenever you make an adjustment. And today, I’ll explain why. I’ve previously taught you about hundreds of adjustments that are profitable. Fine. Now I’m warning you that the practice can be dangerous. If you take poker seriously, it’s important to understand the theory behind this mysterious poker phenomenon. So, let’s talk about it.

 Among the oldest common sense poker advice you’ll hear is that if the game is tight play loose, and if the game is loose, play tight. The advised trick is to take advantage of opposing weakness by veering in the opposite direction. Seems to make sense.

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Mike Caro: Today’s word is... LEVELS

I teach five levels of winning in poker. Together they define a path to success and, eventually, to world-class play. Today, we’ll examine those levels, so you can see where you are now and plan for future improvement. There’s nothing sacred about these levels. And five isn’t a magic number. An intelligent poker trainer could define different levels—maybe 2, maybe 30—and they could include other sets of conditions and goals. Still, I think my plan is superior, and I want you to understand it. I’ll share it today.

 Remember, I said “five levels of winning.” These don’t cover the total poker experience, because—for most players—there are requirements that come before winning. Like what? Well, you need to know the rules. You need to be comfortable with acting in turn. You need to learn the common language of poker. Fine. Let’s say you’ve done that. Now it’s time to win.

Winning at level 1

 You can be a lifelong winner as a Level 1 poker player. You really don’t need to do anything else. It’s just that you won’t win as much as you should.

 This level requires you to play very conservatively and to choose opponents who are weak and who play too many pots. This is largely the arena of smalllimit home poker games.

 Extremely tight is right at this level.

 Why does it win? Even though you’re sacrificing many hands that can be proven to have an expectation of profit, you aren’t sure which they are. So, you stick to the obviously strong hands. By contrast, your opponents are dancing into pots with cards that are clearly unprofitable. If they aren’t, you’re in the wrong game. This is the level where you first learn the importance of always finding players who play worse than you do.

 When you enter pots only with superior hands, you usually have such a great advantage that it overwhelms the disadvantages of not playing other facets of poker effectively. Find a weak, loose game. Play super tight. You’ll usually win, but not nearly as much as you could.

Winning at level 2

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Mike Caro: Today’s word is... CRISP

 
I teach that you usually should make your actions at the poker table swift and certain. Swift. And certain. I call this playing crisp—which is today’s word. Now I’ll explain why playing crisp can bring you mountains of profit. And I’ll point out some exceptions.

 Let me ask you a question? What do you fear most about your poker opponents? That they’ll draw out and beat you when you have a great hand? That they’ll cheat you? That they’re superior to you? Sure, you should be concerned about that and more.

 Fine. But psychologically, there are two thing players fear most about their opponents—good luck and strong confidence.

Fear of good luck

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Mike Caro: Today’s word is... BOX

Thinking “outside the box” sometimes provides a great advantage. But it can also lead to poker disaster. Here’s why.

 The concept of outside-the-box thinking means that you can stray from traditional step-by-step logic and find innovative solutions that aren’t otherwise apparent. Fine. I do that routinely. Many truly great advances have happened because someone thought “outside the box.”

 Poker is no different. When you’re faced with a routine decision about calling or folding, you should often think, “Wait! What happens if I raise?” Raise? Well, you can’t raise. Nobody raises in this situation. Hmm… but what if I do?

Poker magic

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Mike Caro: Today’s word is... DECISIONS

Thursday night. Another in a long history of horrible football decisions made by coaches. It’s time for me to speak about it, because it has much to do with poker.

 Warning: Sometimes my moods fluctuate, causing me to project different personalities. If you’re expecting the Mike Caro who is patient, kind to everyone, diplomatic, and semi-modest, you probably shouldn’t read this one. It could destroy our relationship.

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Mike Caro: Today’s word is... MEDIUM

Today I’m going to share a simple trick about hands with medium prospects. It will revolutionize the way you play poker. If you use it correctly, your profits will soar. Yes, really.

 In order to take advantage of my trick, you need to understand that an ace is higher than a king and that a king is higher than a queen. That’s all.

 From now on, whenever you’re involved in a poker hand, you will always be translating your hand into a single card—ace, king, or queen. Just pretend that, no matter what your actual cards are, there’s a super card floating in your face. Ace, king, or queen. Visualize. Ace. King. Queen. Got it?

Explanation

Okay, now I’ll explain.

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Mike Caro: Today’s word is... PAIN

by Mike Caro

The process of poker requires extracting profit from pain. Your pain and theirs. Life itself is that way, too. And once you truly understand this, winning gets easy.

 So, today I’ll tell you about the pain of poker. But don’t get scared. Poker pain is your friend.

 Huh? Well, let’s start with some simple truth. Mental anguish and anxiety is unavoidable in life, and it’s magnified in poker. Why? Because you’re choosing to place yourself in an arena that simulates the ups and downs of a lifetime in a single session of poker. In fact, that’s the thrill of the game for many. You get to experience the unexpected treats and tragedies, highs and humiliations, all in a few hours.

 Now I’m going to warn you about some things. If you just play poker for pennies, or whatever amount you can totally afford, there isn’t going to be pain involved in poker. But few people do that, because it would be like sleeping through a roller coaster ride. What would be the point?
A disagreement with Doyle

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Wendeen H. Eolis

World Series of Poker


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