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

Top 10 Richest People In History Ever

Here are the Richest people in History Ever. These are mega mega billionaires.The 10 people on this list are the wealthiest human beings to ever walk the earth. I guarantee the #1 person on this list will make your jaw drop. Thanks for Watching. Please subscribe, Share, Comment and like. Richest man in history, ever.

When we think of the world's all-time richest people, names like Bill Gates, Warren Buffet and John D Rockefeller immediately come to mind. But few would have thought, or even heard of, Mansa Musa I of Mali -- the obscure 14th century African king who was today named the richest person in all history. With an inflation adjusted fortune of $400 billion, Mansa Musa I would have been considerably richer than the world's current richest man, Carlos Slim, who ranks in 22nd place with a relatively paltry $68 billion.

Richest people ever, history, richest man, 2012, 2013. Wealthiest, rich, lifestyle, playboy,money, list, samoscarz21, sam, oscarz21, wealth, how to be rich, how rich, Arab, money, Forbes. Top 10.man, richest man , ever,in history, man,
Who were the wealthiest people EVER?
Our list of the twenty richest, based on scholarly estimates and adjusted for inflation, includes entrepreneurs, warriors, and robber barons. We did not include monarchs, whose vast wealth is considered public.
Bill Gates, Warren Buffett, and Carlos Slim are the only living men who crack the list -- and that's only counting their net worth at bubble peaks in 1999 and 2007.
You'll notice much of the list come from England and America. Partly this happens because that's where estimates were available. But it's also true extreme private wealth occurred only several times in history, such as: The great lords of England, the Gilded Age, and today's credit bubble.Who are the richest human beings ever? We've been researching this article for the last week so get ready to have your mind blown by these mega mega billionaires. The 25 people on this list are the wealthiest human beings to ever walk the earth. We started off with roughly 50 people then finalized the top 25 after adjusting for inflation to convert the fortunes into 2012 dollars. For example, the annual rate of inflation change between 1913 and 2012 is 2199.6% so $100 million in 1913 would be equal to $2.299.63 billion in 2012 dollars. We also used the most recent price for an once of gold which is roughly $1750 as of October 17, 2012.

In addition to some familiar modern names like Bill Gates and Warren Buffett, our list features older magnates like Vanderbilt and Carnegie. We also included lesser known billionaires from history that you may have never even heard of before. We guarantee the #1 person on this list will make your jaw drop.Quick: who is the richest man of all time? Bill Gates? Warren Buffet? Not even close, though there's no denying they're very, very rich. The richest man of all time, when wealth is measured as a percentage of the national economy, was John D. Rockefeller, whose fortunes made Gates' and Buffet's look downright puny.

Keeping score of who's wealthier is like a spectator sport with Forbes magazine as its official referee. Last year, Forbes counted 946 billionaires (there are too many millionaires to count, so they don't bother with that anymore) with combined net worth of $3.5 trillion. That's larger than the GDP of Germany, the third largest economy in the world.

But the richest people ever belong in their own special club. These people (all men) have built fortunes of legendary proportions when calculated at the peak of their wealth. Here is the list of the 10 Richest People of All Time and How They Made Their Fortunes.

The list of the wealthiest historical figures is an attempt to gather and compare the net-worth and fortunes of historical figures against one another. Inflation and other factors devalue currency over time; economies of different regions over time periods; and economies' produced goods, commodities, and services over time. These fluctuations increase difficulty when accurately assessing and comparing fortunes from different decades, centuries, and especially millennia for the economy of any given State or region. Also, because several individuals and families never had their financial records revealed publicly and there are no contemporary estimates of their net-worth, several individuals could be omitted due to a lack of citable estimates of their net-worth. Some estimates of individuals' wealth are based upon ownership of capital and stock in a company or many companies, the value of which is always changing.

Heads-Up No-Limit Hold'em Sit and Go

Heads-Up No-Limit Hold'em Sit and Go (HUSNG)

HUNLHE + HUSNG = HUNLHESNG

http://www.headsupsitandgo.com/
http://www.headsupsitandgo.com/why-play-heads-up-sng/
http://www.cardschat.com/heads-up-strategy.php

We also like the high win rates that are possible and how quickly your bankroll can grow playing heads up sngs. With a bankroll of 20 buy-ins, and a win rate of 60%, your bankroll doubles every one hundred tournaments. This means that you move up a level every hundred tournaments as long as you are strong enough to win 60% of your matches, and a strong player can move up very quickly. Starting with a $200 bankroll and doubling it every hundred tournaments, you will have enough money in your bankroll to play heads up sit and gos for a living at the $150 buy-in level after just 400 tournaments. A good player at this level makes well over $50 per hour!



You should not just be limping a lot more, because by raising with most of your hands, you will be putting extra pressure on your opponent and increasing the chances that you will win the blinds and antes. In a typical hu sng tournament, you should be:

• Open raising or limping nearly all of your buttons;
• Raising any face card;
• Raising with any pair;
• Calling with nearly everything else;
• Re-raising with premium hands and medium pairs.

The Mersenneary Free Heads up Poker BookAuthor: Mersenneary

HUSNG grinder
http://www.nsdpoker.com/2011/03/hu_pro/
http://www.flopturnriver.com/heads-up-sng-survival.php
http://www.anskypoker.com/2009/12/an-interview-with-hokiegreg-a-hu-sng-guru/

Best HUSNG players
http://www.husng.com/content/husng-power-rankings



http://en.wikipedia.org/wiki/National_Heads-Up_Poker_Championship
http://www.cardplayer.com/poker-tournaments/nbc
http://www.cardplayer.com/poker-news/14882-mike-matusow-wins-2013-nbc-national-heads-up-poker-championship
http://www.pokernews.com/news/2013/01/analyzing-the-nbc-national-heads-up-poker-championship-list-14177.htm

http://voices.yahoo.com/top-three-heads-sit-n-go-poker-books-12108602.html?cat=38

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

Investor, Speculator, Gambler

Investor, Speculator, Gambler, Trader, Arbitrageur, Scalper, Fund Manager,

Let's see the definitions.
As defined by Wikipedia.
 
- An investor is a party that makes an investment into one or more categories of assets --- equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc. --- with the objective of making a profit.

- In finance, speculation is a financial action that does not promise safety of the initial investment along with the return on the principal sum.

- Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.

- In finance, a trader is someone who buys and sells financial instruments such as stocks, bonds, commodities, and derivatives.  (A day trader is a trader who buys and sells financial instruments (e.g. stocks, options, futures, derivatives, currencies) within the same trading day such that all positions will usually be closed before the market close of the trading day.)