According to The Fundamental Theorem of Online Poker
is very important to understand that when we talk
about making a mistake according to the Fundamental
Theorem of online poker games, we're not necessarily
talking about playing badly. We're talking about a
very strange kind of mistake -playing differently
from the way you would if you could see all your opponents'
cards. If I have a royal flush and someone has a king-high
straight flush, that player is making a mistake to
call me. But a player surely cannot be accused of
playing badly by calling or, as is much more likely,
raising with a king-high straight flush. Since he
doesn't know what I have, he is making a mistake in
a different sense of the word.
In advanced online poker games you are constantly
trying to make your opponent or opponents play in
a way that would be incorrect if they knew what you
had. Anytime they play in the right way on the basis
of what you have, you have not gained a thing. According
to the Fundamental Theorem of online poker games,
you play winning online poker games by playing as
closely as possible to the way you would play if you
could see all your opponents' cards; and you try to
make your opponents play as far away from this Utopian
level as possible. The first goal is accomplished
mainly by reading hands and players accurately, because
the closer you can come to figuring out someone else's
hand, the fewer Fundamental Theorem mistakes you will
make. The second goal is accomplished by playing deceptively.
cardrooms maintain mailing lists and periodically
will mail out coupons for promotions that are only
good for patrons on the mailing list. Even if you're
not sure you'll ever be back, get on the mailing list.
There are two poker rooms very near my house. Since
I'm aversive to cigarette smoke, I play in the no-smoking
room. But I'm on the mailing list for the other room.
A couple of months ago I got a set of coupons in the
mail, one for each week of the month, for $30 in chips
for a $20 buy-in to the $1 to $5 seven-card stud game.
They were also having a seven-card stud promotion,
where if you had the low card bring-in five times
in a row you won $100. After two hours of play, they'd
give you a food comp worth $10. And the restaurant
was running a weekday lunch special for $4.99. For
two hours of play, I got $10, plus lunch for two,
plus whatever I won, plus a free roll for the $100
bonus. That's a pretty nice deal. It's not a lot,
but it was a good enough deal for me to go play for
two hours a week during that promotion. Every little