Adjusting to Live Play
I'm gonna break this down into a few parts that hopefully can help the transition from online play to live play go much smoother. In the end, you are playing the same game whether on the internet or in a live game, but there are important differences to note that can make you more profitable in both areas.
Note: there's no real "poker content" in the general sense of the word in this COTW. This is more about being prepared and what to expect when you jump off the internet and into the live ring.
Part 1: What/Where to Play Live
Part 2: Live vs. Online
Part 3: Image is Everything
Part 4: Pictures of DEEEEEP Stacks from Live Games (b/c I like to brag)
Part 1: What to Play Live
Ok, so you've rolled up the stake, and have headed to Vegas (or AC, or some casino in a place outside of the US which I know nothing about, or some crazy underground game with drugs, strippers, etc.) You're a solid winner at 25nl or 50nl on the internet, you've heard how ridiculously soft the 200nl games are around town, and you're ready to take a shot.
The first important decision you'll have to make is where you want to play. If you are in Vegas/AC or some other casino area, stick to the large casinos. All of my experience in this area comes from Vegas, so I would say stick to the Venetian, Bellagio, Hard Rock (for a fun Tuesday game). Larger casinos mean more guests, more traffic, MORE FISH. It's like choosing between playing on Poker Stars or some trashy site with 2,000 players at peak hours. Game selection with be better at the bigger casinos.
Also, don't think that large casino cities are your only option for playing. If you are willing to put your moral compass aside for a second, then find an underground game in your area. This is a bit easier said than done however. Unless you have a contact who already plays the game, finding these games will be near impossible (there's a reason for this, as the person running the game obviously does not want it to be public knowledge). Find someone on 2p2 from your area, or check the B&M sections to maybe get a contact who can get you into a game like this. These games are how I built my bankroll; the play will be similar to a 5nl table, even if the stakes of the game do not dictate that. There are also some considerations you want to take into account that wouldn't be necessary in Vegas, but that's another story, so PM me if you have questions.
Now that you've found a game, or are in Vegas, what stakes do you want to play? I see a lot of posts here asking "What live stakes are the equivalent of 10nl, 25nl, 50nl, 100nl, 200nl?". The correct answer is, "there is no answer." Sure, the higher you play live, the better the competition will be, but trying to match up levels serves no purpose. I like to look at it slightly differently. The list below shows what stakes you should play if you are a winning reg at the corresponding online stake.
online stake ---> live stake
10nl - 50nl ---> 200nl (possibly 500nl if the lineup looks good)
100nl ----> 500nl (you should also be profitable in 1knl games but these tend to play uncapped or deep)
200nl+ ---> 500nl -1knl (possibly 5knl if it's mostly live players)
The problem a lot of low stakes online guys will have when they try playing live is due to the vast difference in stakes. A winning 10nl player is theoretically hugely +EV in a 1/2 game on a Friday night at Venetian. However, can he handle playing with 200, 300, 500, 1,000 dollars in front of him, when a big pot online will only reach $20.
Play within your roll. Play a game that you are comfortable in. Play solid. Profit.
Part 2: Live vs. Online
1. You can only play 1 table. This is your biggest difference. It's very easy to play a solid TAG game online when at 12 tables, and your next premium hand is only 10-20 hands in the future. It's really easy to dump T8o from MP online as we know it's not going to profitable to play. This is a different story in the live arena. Simply put, you are going to be bored out of your ****ing mind if you play 12/10. And bored leads to tilt/spew.
. I recommend 2 things to solve this problem, and the choice is yours.
1) Bring headphones and a book and play 12/10. Sure, it's profitable, and you'll grind a steady profit, but you could be doing this from the comfort of your home for the same hourly (minus the cocktail waitresses).
2) Get in there and mix it up a bit. I would say that I play somewhere in the neighborhood of 35/20 or so in a typical 500nl game. Limping early isn't terrible at passive tables, as people will rarely be iso'ing you, and multiway pots with even unsuited connectors can win big pots as recreational players have no concept of SPR and stackoff ranges. Be careful to remember though, that while we playing more pots, we still want to have the goods when we get a lot of money in. Don't assume that because you're playing so many pots, the live fish will start stacking middle pair to you (trust me, it doesn't work this way).
2. No HUD, no reads. Unless you are playing an underground game that is your regular game, you'll likely sit down to 8 fresh faces when you begin. From the getgo, take note of who's doing what. Where's your limp/call fit or fold on the flop guy. Where's your nit. Where's you aggro asian. Find them and classify them as soon as possible. 1 or 2 rounds should be enough to have a good idea of who your mark is at the table. Keep in mind that players can change gears, but they will rarely go from playing bad to playing good just like that.
3. You could be up against very good players. Most SSNL, MSNL, and good tournament guys will end up playing 500nl or 1knl live, unless they are rolled higher. Remember that they are playing the same game as you, and just because they beat a big game then you online doesn't mean they can see your cards. I'm never one to strike up a conversation at the table, but if the topic of online play comes up, it's probably a good idea to find out who your fellow internet players are, and treat them accordingly.
4. Be prepared for larger swings. Because you are playing less hands, at higher stakes than you are used to, the variance will be higher even if the quality of play surrounding you is worse. Because of this, you should probably implement a 2 or 3 buy in stop loss when playing live at stakes well above your normal game.
Part 3: Image is Everything
In my opinion, this is where u make your money in live poker. Developing an image and exploiting that image leads to $$$, simple as that. There are once again, 2 ways to go about this.
1) Get a nitty image. Play tight for an hour or 2 at a live game, and you'll be hearing from someone at the table about how you are a big nit, "what are you waiting for kid, aces???". This is good because when you do get a big hand, people will try and crack the nit. You can make good money waiting for premium pairs and AQ+, but as I said earlier this is boring. The good thing about a nitty image is it allows you to run some bluffs later on.
2) Get a laggy, even crazy image. Here is where u make your money. Get people to think that you bluff alot, or will call down light, or do anything that goes against their idea of "good poker", and they will just start handing money to you. The trick is, implant that image in their heads, and then switch it up, fall back to a TAG or sLAG game. There's no better feeling than picking up AA live when the table thinks u are a maniac.
Something else I like to do in the live setting that helps my bottom line is being friendly to your fellow players. First off, no one likes an ******* at the table, and if you are the table *******, it'll likely lead to tough spots caused solely by your image. Also, live players will sometimes be friendly to you with regards to $$$ when involved in a pot. This can mean checking a hand to you that they clearly should have value bet, b/c they believe you've established a great friendship, and this is the correct thing to do. I said be friendly, just don't be friendly when you are actually competing for money in the pot. Chat it up between hands, when u aren't involved in hands, but when you get in a pot with your new "friend" take his $$$.
Summary of the big points from the sections with actual content:
- Find a game that you are comfortable in, wherever that may be
- Play at larger rooms in casino areas, avoid rooms with poor table selection
- Live players suck, so don't be surprised when your 1/2 or 2/5 table is full of droolers
- Be prepared for larger swings. Use a stop loss
- Find a way to not get bored. I suggest playing a much LAGgier game than you are used to online, or drink heavily
- As soon as you are seated, begin to develop reads on your opponents. Try to develop specific player types and place the other players into these categories
- Create an image in other players minds, then use that image to get paid
- Be friendly when not involved in pots, and ruthless when in pots
Part 4: Big Stacks
Follow my wisdow, and this can one day be you.
also, u get to meet legends when u play live...