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Showing posts from January, 2025

What in the word... Risk Premium

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January 22nd, 2025 Newsletter Know a Game: Omaha Hi-Lo (8 or better) This is the poker player's poker game.  Omaha Hi - Lo or Omaha 8 or better is a split pot flop game played with betting limits.  It is played with 4 hole cards of which exactly two are to be used with exactly three of the board cards.  Winning the high and the low is known as a scoop.  If there is not a qualifying low (remember that there has to be at least 3 cards on the community board lower than 8 for a low to qualify), the entire pot is awarded to the high hand.  The "wheel" is the nut low as straights and flushes don't count against a low made hand. What in the word...?  Risk Premium Essentially, be careful. Risk Premium sounds l...

GTO vs. Exploitative Strategy

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January 8th, 2025 Newsletter Know a Game: 2-7 Single Draw The only no limit game widely played besides hold'em is 2-7 single draw.  It is a low ball drawing game with no community cards.  Once considered to be the rising star in poker before hold'em took the world by storm.  It is also known as Kansas City Lowball. Best of luck to all of you in this new year!  On and off the felt. What in the Word...... GTO, or Game Theory Optimal, is a theoretical approach to solving problems that not only have a lot of variables but also vary based on prior activity. Game Theory explores interactive decision making in which outcomes for the specific "player" depends on the actions of all.  Simp...