best horse doesn't always win the race."
-- Irish proverb
During the Vietnam War, writer Paul Goodman (Growing Up Absurd) declared there were three ways for eligible men to avoid being drafted
into the US Army: cunning, fraud or flight.
In poker, showing down the best hand to win a pot is the most obvious way to make money. Most players trying to win focus on the ins and outs of
starting hand selection, hand playing tactics and
other strategies geared toward winning pots by showing the best hand. Showing the best hand definitely is something you sometimes need
to do to be a winning player, but when it comes to a player's bottom line, showing the winner is very definitely not the only thing.
Much of the profit of a winning player comes from cunning, fraud and flight when they don't have the best hand, or even any hand at all.
Cunning: Winning a pot isn't the end of the story. It's barely the beginning. For starters,
mastering pot size manipulation is a complex talent. It should be
clear that if Player A regularly wins eight bets in a certain type pot while risking only three, while Player B regularly wins only
six bets in the same type pots while putting three bets at risk, Player A is going to do much better than Player B.
Cunning also comes into play in game selection, table
selection, seat selection, time-of-the-day to play selection, image projection, cultivating your opponents and specific
tactics like isolating the betting against certain players.
One of the most prime cunning skills is tournament dealmaking.
Additionally cunning is involved in all the "running without the ball" aspects of the game -- eating right, playing when well rested,
playing on days you know many poor players or even one specific poor player plays, and so on. Cunning poker decisions take place even
when you don't have cards or are not even in a casino!
Fraud: When it comes to winning without the best hand, a profitable
bluffing strategy is the obvious thing, but that's not
the end of how fraud can win money. In each hand we play, we have opportunities to misdirect our opponents to behave in the way we
want them too. You want to induce your opponents to do those things beneficial to you, and non-beneficial to them. If you make the
nuts on the river, and your opponent makes absolutely nothing, you certainly want them to bet into you. Or checkraise, or re-raise
By misdirection though, I do not mean
befuddling your opponents. A
befuddled opponent can stumble onto the correct action! When you successfully
misdirect your opponents, they will act as
you want them too. Thinking players should constantly engage in ongoing fraud with our opponents, with the aim of inducing them to act to our benefit.
Flight: The fold is the most important of the four poker actions (bet, raise, call, fold) because... the secret of winning poker
is how you play the hands you lose. In most player's desire to be "winners" they seemingly forget in a nine-handed game we are dealt
the losing hand about eight out of nine times, so what really matters is what we do those eight hands, not what we do the one hand we win!
The main financial difference between a good and a bad player is in folding, saving
bets. Not coincidentally this is also much (but not all)
the difference between truly great players and the merely good ones. I am not however referring to
"the big laydown." While lots of players pat
themselves on the back for being able to manage that occasionally, it needs to be put in perspective. The big laydown is a rare thing.
The fold happens at some point in every hand we don't win.
Flight is also important in the skill of choosing when to quit a game. Players do generally give "when to quit" a lot of thought,
but the science of folding is hardly ever discussed partly because winning players fairly easily come to a basic, sensible folding strategy:
if you believe you don't have the best of a situation, fold. But the "best of it" is often nebulous, a difficult thing to correctly judge.
Attempting to minimize
losses should add more money to a player's pocket than attempting to maximize profits simply because there are more opportunities to
do minimizing! Despite this, players usually spend a small fraction of their thinking on minimize/loss strategy compared to their
maximize/win strategy. Consequently, bets are squandered. Profit reduced.
Money not lost spends the same as money won.
Poker is a bottomless pit of decisions and actions with financial ramifications. Winning poker is more than being pushed a pot when you
"win." When actually in a game (after you've done your game/table/seat selection), it's all about bets. A bet here, a bet there...
it doesn't matter where you pick up those bets -- via an early fold, a sensible laydown later in a hand, pot manipulation,
cultivating and misdirecting opponents, being more sharp after six hours of play due to good diet and exercise, on and on -- what
matters is those bets stay in your stack, and your pocket.
Cunning, fraud and flight puts more money in your pocket.
Also see Texas Holdem Basics and
Running Without the Ball