Whenever players are ahead in a hand, they think that its their right to win. After a session, theyll often report their results as follows: I was down 200, but I really should be up 500 because of the bad beats I took. Unfortunately, this thinking is misleading, because it fails to take into account the very real probability of losing the hand. Remember, poker is a game of giving yourself in edges, and very rarely are those edges absolutes. (But as long as you are actually giving yourself edges, you will come out ahead in the proverbial long-run)

What is Pot Equity?

Pot equity is the percentage of the pot you expect to win in the long run. If you subtract your investment in a pot from your pot equity, then pot equity becomes just another way of expressing expected value. But having many ways of thinking about expected value is helpful both for understanding it and calculating it easily.

Suppose youre playing in a no-limit holdem game with blinds of 1 and 2. One opponent limps, you raise to 10 with AA, and someone behind you goes all-in to 50. The blinds fold as well as the initial preflop limper. You call, and you find that your A♥A♦ is facing K♦K♠ for a 105 pot (lets assume 2 rake, meaning that the pot is actually 103). Youll win about 81.71% of the time and tie about .46% of the time. Your equity is (.8194)(103) = 83.90. The percentage, .8194, is obtained by taking your winning percentage and adding half of your tying percentage (because when you tie, you only get half of the pot).

Short Term Variance; Long-Term Results

Your goal is poker is to make decisions yielding a positive expected value. Another way of saying this is that you need to think of the process rather than the results, and you need to think of the process in an honest light.

If you think of your results in terms of should haves, youre in the habit of overestimating your expected profit, and if you overestimate your profit, youll seldom reach your expectations every session, meaning that poker will be a very frustrating experience for youone of the worst feelings in life is repeatedly failing to match expectations. Instead of thinking in terms of should haves, begin thinking about your poker in terms of pot equity. At the end of the day, youll be a much more sane, and a much more happier player, and a much more analytic player. Poker is supposed to be fun, so respect and enjoy the process!

Poker Hands: Best and Worse Starting Hands in Texas Holdem

The basic poker lesson is when to hold and when to fold. Knowing whether your initial deal is worth staying in the game or if you should call it a day, is one of the most important decisions to make at the beginning of the poker game. One of the most common beginners mistakes is holding onto the worst pair of hole cards instead of folding and protecting your money.

Therefore, if you are a novice poker player, one of the first things you should memorize is which initial hands are worth holding and which hands leaves you no choice but to fold. Since Texas Holdem is the most popular poker variation, here you can find lists of the best and the worth Holdem poker starting hands.

Best Poker Hands

If you are lucky to be dealt one of these initial hands, you are definitely having an excellent beginning:

Pair of Aces: as known as American Airlines or pocket rockets, it is the best possible Texas Holdem starting hand.

Pair of Kings: not as good as a pair of Aces but still an excellent way to open a game of Texas Holdem.

Pair of Queens: if you want to look at the bright side, you will be beaten only by Kings and Aces.

Ace and King: if they are of the same suit, your condition is even better, since you can form the nut flush at ease.

Pair of Jacks: unless the flop shows either a Queen, King or an Ace, you have decent chances of winning with this promising starting hand.

Ace and Queen: the same as Ace and King, a suited hand would increase your chances of stepping out as a winner.

King and Queen: unless the community cards contain an Ace, you are in a good shape with this starting hand and even better if it is suited

Ace and Jack: even if appears unsuited, this starting hand is still worth holding.

King and Jack: still one of the best Texas Holdem starting hands, but be careful with it, especially when unsuited.
Ace and Ten: the Ace upgrades it to a pretty good hand, although requires a cautious play since it can be beaten by any of the starting hands mentioned above.

Worst Poker Hands

These hands would suit you well if you play some of the lowball variations, but if you play traditional Texas Holdem poker, the best advice would be to fold.

2 and 7: if you are dealt this hand, especially unsuited, you cannot even make a straight. Even if suited you should be so lucky to form a low flush or the lowest pair. In one word: fold.

2 and 8: same as the previous hand; pair of 8s is still a low pair.

3 and 7: although it can beat the previous hands, it still a worthless pair of cards

3 and 8: again, hardly even a low straight.

2 and 6: only if the community cards will feature 3, 4 and 5, you will have a chance of forming a straight. However, do not count on it, especially if there are more than 3 attendances in the game.

2 and 9: thanks to the presence of the 9 you are in better shape than with the former hands, still you cannot form a straight and even a pair of 9s would be beaten by pairs of 10s, Jacks, Queens, etc.

3 and 9: the same thing: higher than 8 lower than almost any other hand.

4 and 9: as mentioned above; foldem.

2 and 10: even though Doyle Brunson had won two WSOP bracelets with this starting hand, unless you have the talent and experience of Brunson, do not hold this hand.

5 and 9: also known as Dolly Parton, this hand would get you nowhere near the final table.

Many players have learned how to successfully cheat at the game of poker. One such cheating method is mastering the art of stacking the deck. To master this skill one has to be good with sleight of hand. This is done by a special way of holding the deck of cards that allows the deck to be manipulated, or stacked, one of these special ways is called the Mechanics Grip.

To help you better understand this cheat, pick up a deck of cards as if you were getting ready to deal. You will probably be holding the deck in the palm of your hand, with your thumb on top of the cards, and your other four fingers on the side of the deck. When dealing cards, you use your thumb to push one card onto the tips of your other four fingers. The thumb is then used to hold this card in place, until your thumb and pointer finger of the opposite hand grabs it and deals the card out. Many poker players deal this way, even though they probably have not noticed it or put much thought into it.

To form the Mechanics Grip, move your pointer finger and middle fingers to the short side of the deck, farthest away from yourself. With this grip, more of the deck is covered by your hand, making it harder for the other players to see what you are doing. This grip is the basis for many cheats, such as peeking (the dealer will either push one corner, or side of the top card, away from the rest of the deck so that he can see the top card), bottom dealing (dealing the from the bottom of the deck instead of the top), and second dealing (dealing the second card in the deck instead of the top card, usually when the dealer wants the top card for his own hand). By using the peek, the dealer will be able to keep track of what cards each player gets, he can also setup his own hand by combining the peek with second dealing. Knowing what cards the other player has in his hand gives the dealer an advantage when playing his own hand, because he will know what cards he needs to beat the hands of the other players.

In another version of the Mechanics Grip, the deck is held with the thumb on the top, the pointer finger around the front edge, the pinky around the back edge, and the two middle fingers under the bottom of the deck.

Using this cheat can be very effective for the dealer, as it can definitely help him stack the cards in his favor.

As the world of poker players continues to gain members everyday, more and more players are looking for easy ways to win the game. For cheaters, many feel that rather than take the time to hone their skills, they would prefer to master the skill of cheating.

Some players have learned how to mark cards as a way to help them win the game. Depending on the skill level of the cheater, marked cards can be obvious, or unnoticeable.

Sometimes the dealer will use his own deck of cards, or will get one prior to game play. Many cheaters have learned how to mark their cards during game play. To avoid having the marked cards noticed by other players, the cheater will usually make his marks so that they do not go all the way thru the card, because it would let light be seen through the card, thereby showing the mark.

Cheaters card markings are usually just small changes to the back of the cards. They may be scratches, change in design of the card, or possibly a bend in one corner of the card.

Marking the cards gives cheaters an advantage to their game play. They will most always mark all the high cards, or any other they card they think is crucial to the game.

Some cheaters prefer to mark their cards by using what is called shading. They will use a very fine ink to change part of the design on the back of the card. It requires the cheater to be very precise with his markings, but if he does a good job, no one but him will ever notice the marking.

Another technique many cheaters use is called daubing. Daubing uses a special form of ink and a small dauber. The cheat daubs the ink onto the back of the card, and the ink is invisible to the naked eye. Special sunglasses are required to see the markings. The kit to do this with can be purchased at magic or novelty stores.

Corner crimping is a method that many cheaters will use to mark their cards with. The cheater will see a card that he wants to mark and will then move that card away from the other cards and use his thumb or pointer finger to bend the corner of the card ever so slightly. He will be able to spot the marking during the game, and remember the card. Some cheaters when dealing can shuffle a number of cards to the bottom of the deck, and crimp the corners on all of them at one time.

Still other cheaters prefer to use thumbnail marking on their cards. The cheat will see a card he wants to mark, and then drive the end of his nail into the back of that particular card. Players who arent trained to look for these marks will not notice them, while the player will be able to spot them for the duration of the game.