The Official Red Chip Poker Podcast9 Jun

Realistic Expectations For Your Poker Decisions · S8E12

Any #poker session you play can be thought of as a series of decisions. The "correct" decision in any spot, such as whether to bet and how much, in principle has an objectively-correct answer. This has some players erroneously seeking perfection.

In the real world, the information you use to make each decision contains uncertainty. You simply do not know the precise range of your opponent, and even if you did, a precise EV calculation in real time is not a feasible goal. Make the best decision you can with the available information, but accept that your goal is to be good, not perfect.

TIMESTAMPS

0:00 Introduction: Certain Uncertainty in Poker
0:42 The Myth of Perfect Decision Making
1:30 Why Professional Players Don't Always Know What to Do
3:06 Quest for Perfection vs Reality
4:47 Three Areas Where Uncertainty is Normal
5:23 Area 1: Can You Ever Know You're a Winner?
7:08 Area 2: Understanding Villain Ranges
9:43 The Ranging Process is Just an Educated Guess
11:42 Area 3: Expected Value Calculations
12:42 The Limitations of EV Calculations
15:12 Long-Term EV vs Single Hand EV
18:21 Being Better Than Average is Enough
20:07 Embrace Uncertainty to Improve Your Game

Episoder(305)

Poker Study: The Formations That Matter Most · S8E17

Most #poker players acknowledge that the more you study the better your results become. However, other life commitments mean that, in practice, we have a limited amount of time to devote to studying p...

18 Aug 25min

Befuddling Your Opponents With Micro Bets · S8E16

Do you tend to use a limited number of bet sizes in your strategy? Such simplified approaches have value, but many #poker players are missing out on profitable spots by restricting their sizing. This ...

4 Aug 25min

The Fundamentals Of Heads-Up Hold'em · S8E15

Many #poker players regard heads-up play as the purest form of the game. You are locked in a duel of wits with a single opponent, constantly trying to outmaneuver them and countering their tactical ad...

21 Jul 30min

Poker As A Business: Managing Time And Costs · S8E14

If you play #poker to make money, you have more to manage than your bankroll. To get better at the game, you need to study. That takes time and money. Serious students of the game require poker softwa...

7 Jul 29min

Grinding Poker In A Rec-Friendly Environment · S8E13

Online #poker is a very different beast to twenty years ago. Essentially all poker sites have taken the decision to clip the wings of the professional grinder, ostensibly to encourage the survival of ...

23 Jun 28min

Poker Tips From LLMs: How Bad Are They? · S8E11

An increasing number of people rely on ChatGPT summaries to explain complex topics. Is this a good idea if you're looking for tactical and strategic information about #poker? This fun episode of the p...

26 Mai 26min

Live Poker Tells: Reading Your Opponents · S8E10

Hollywood promotes the notion that top players "read" their opponents from their body language, or their unique method of eating Oreo cookies. But do such live tells have any place in today's mathemat...

12 Mai 26min