Showing posts with label pro. Show all posts
Showing posts with label pro. Show all posts

Monday, May 19, 2014

Poker Grinder


Grinder

word type: poker slang

  1. Poker player who plays in games they're significantly over-bankrolled for while also playing a style of poker that leads to consistent and steady win rates.

* definition of 'grinder', taken from "Grinderschool" training site

grinder (n) a professional poker player who earns a living through small but consistent winnings (See also: rounder)



I think of a grinder as a player who--
1) puts in great volume,
2) has a positive win rate,
3) thinks systematically about the game and tries to improve as they play,
4) plays within their bankroll.

Grinders rarely "take shots" and money does not come pouring on them, but nor do they lose it easily. They accumulate capital slowly, but steadily and securely.


Grinders rarely take shots because grinders don't take alot of risks. Grinders look for maximum gain for the least amount of risk...

a grinder is a player who understands that solid play + volume > short term variance.

He just keeps putting in hour after hour, day after day, month after month until he looks up at the end of the year and sees a significant profit.


Understanding the math and playing solid poker according to the math will always win in the long run regardless of the short term results. I like these two mostly.


Where You Can Find Grinders

Actually, you can find grinders in almost all types of poker in the lower and middle limits. You typically don't find a "grinder" per se at the nosebleed stakes. Most grinders will multi-table to the tune of eight or more simultaneous tables, oftentimes of identical game types and limits. For instance, a Sit and Go grinder might play eight tables at a time of $25 turbo 9-person Sit and Goes. Considering that 10% (after rake) is a great ROI for a Sit and Go player, that means that the player is only making $2.50 per sit and go. But if they can squeeze in 20 sit and goes in an hour, then they're "grinding" a $50 per hour win rate. By contrast, if that same player decided to go play a $200 Sit and Go, then they're now "off their grind" and taking a "shot" at a higher game.

You Should Also Know...

While some grinders do play almost exclusively large, multi-table tournaments, these people are a very rare breed. The goal in a large tournament is to make a big score, to win a sum of money that can sustain you until the next sizeable take. Some people are able to win small to medium prizes on a fairly consistent basis, but in general, grinders don't specialize in multi-table tournaments because luck can swing one's results too quickly in them and they take too long to make smaller wins worth the time.
Additionally, online players can earn rakeback to increase their hourly rate, and some online poker rooms only offer rakeback for cash games.


In Film - Rounders

The terms "grind" and "grinder" are featured in the opening monologue of the popular poker film, Rounders.

Guys around here'll tell ya... you play for a living.
It's like any other job. You don't gamble. You grind it out.
Your goal is to win one big bet an hour, that's it.
Get your money in when you have the best of it, and protect it when you don't.
Don't give anything away.
That's how I've paid my way through half of law school.
A true grinder.
See, I learned how to win a little at a time. But finally, I've learned this...
If you're too careful, your whole life can become a fuckin' grind
.



The Gambler - Kenny Rogers

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
'Cause every hand's a winner And every hand's a loser





http://www.cardschat.com/f13/what-makes-grinder-grinder-194738/
http://www.sitandgoplanet.com/sitandgo/sng_strategy/5Tips_Effective_SitNGo_Grinder.html

http://www.grinderschool.com/

http://www.michaelmizrachi.co/poker-tips/
http://www.pokerjunkie.com/win-in-poker-the-grinder-manifesto

http://www.lyricsfreak.com/k/kenny+rogers/the+gambler_20077886.html

Friday, September 13, 2013

Chess and Gambling



I've found a very interesting article about the parallele that exist between being a good chess player and a good gambler.


 Gambling: You do not need to be Einstein to be a successful gambler. The key to success is understanding your niche and what is possible within that area. Specialise in honing those skills.


 Gambling: You don't need the memory of an elephant to win at gambling but understand which pieces of information are crucial to you in making that winning selection.



Gambling: Use your past successes to identify winning patterns. The realisation of the importance of this factor is of paramount importance . Train yourself to use this winning format time after time until it becomes second nature. You will instantly recognise both strength and weakness and the opportunities both may bring.  




Gambling: A disciplined approach will lead to consistency even when under pressure. This can best be achieved by appreciating familiar gambling patterns/analysis.




Gambling: without appreciation of winning patterns will lead to persistent mistakes and 'embarrassing loses'. These are familiar mistakes and it is important to take time to understand why they happen. When you understand the foundation to these errors, you will avoid them. 'Familiar patterns of information are processed more efficiently than unfamiliar ones'.




Gambling: Whatever your approach to gambling your advantage comes from making the right decision for a given circumstance.




Gambling: The use of parallel processing and understanding of familiar winning patterns/analysis is more effective that even the most advanced computer programs. To be a successful gambler is not related to a test of memory but how to recognise patterns and use your strengths. 



Gambling: We can all learn to improve as gamblers but be careful not to try and learn too much too quickly. Take small steps and appreciate what is behind your decision making. Learn what works and what doesn't and eradicate basic mistakes. 




Gambling: Evaluate your understanding and how you implement this to your gambling. Learn how to make the most of opportunities and avoid poor outcomes. Improvement can be gained from these exercises but once again do not push yourself too far. Small steps are the key to success. 




Gambling: To be a successful you need to be focused and passionate about your goals - both improvement and honing that winning formula. Improvement takes time and cannot be rushed and you may stay at that level for some time. Learning from the insight of others is particularly important. Continue to use what has been effective in your winning ways and through repetition it will become second nature. 






Read the entire post on:
http://gamblerspsychologykit.blogspot.ca/2012/11/can-psychology-of-chess-improve-your.html

 http://www.32redpoker.com/blog/2012/07/30/poker-chess/

 http://en.chessbase.com/home/TabId/211/PostId/4008263

 http://www.chessblog.com/2011/06/why-chess-players-good-at-poker.html