We’re predicting that the Covid19 worldwide quarantine will have at least one surprisingly-positive byproduct, and that is #PokerBoom2.
With so many people stuck inside, and so few sports to watch or bet on, look for the handful of US-available online poker rooms to see a major uptick in action, and for Elite Sports Betting customers to be the ones taking advantage.
What’s up, my peeps!? Hopefully everyone is doing well, staying safe, and staying indoors. We are living in some weird times and this has affected many of us in numerous ways. With few sports to bet on and almost zero DFS action, we at the Elite Sports Network are looking for other ways to make money.
Our dude @BennyR11, along with some of our other staff, have done an excellent job adding horse racing to Elite Sports Betting, making sure everyone is up to speed with it and helping people make some money.
@DukeDFS continues to provide the goods for soccer, which is (somehow) still going strong in some places.
Now, @JesseW316 and myself (@Armando_Marsal) are excited to announce the newest addition to the Elite Sports Betting portfolio: Online poker. As they say, the show must go on. Here at Elite Fantasy and Elite Sports Betting we consider all of you a family, which is why during these tough times, we are doing everything on our end to take care of our family.
Many of you might already be familiar with online poker: You may have played in the past or are just taking it up now. I used to play a lot of online poker prior to what many of us online poker players refer to as Black Friday, which occurred on April 15, 2011. This was when the United States Department of Justice issued an indictment against the three largest online poker websites in the country: PokerStars, Full Tilt Poker, and Absolute Poker. This instantly closed the sites and kept the game away for quite some time. Fortunately, online poker is back (to a certain extent), and you are able to get in the action. Many players had switch to playing live games, and others had to relocate out of the United States to continue playing online. I chose the former, eventually playing professionally in 2012. It was a totally different dynamic, though the action was very high. Now that many casinos are closing shop for the immediate future, I fully expect there to be a lot of action online. This is the time to cash in on that and get in the game.
Poker & DFS
For those of you who play DFS and are not too familiar with online poker, the two are very similar to some extent. Just like in DFS, when you are playing cards online, you are playing against other players and not the house. Since you are playing online and can’t look at the players at the table, physical tells are not in play, but most decision making comes from your opponents’ betting patterns, and a lot of math is involved as well. Transitioning from playing online poker to DFS was not that difficult, because I quickly became familiar with finding value, understanding the importance of points per dollar, and using the salary that you are given the best way possible.
In poker there are cash games and tournaments, just like we have in DFS. In online poker, you can play cash games with blinds as low as $0.01/$0.02 and as high as in the thousands (depending on site). You can play heads up, six-max, or nine handed. Personally, I prefer six-max tables, which means no more than six players at any time on the table. In cash games, there is a minimum and maximum buy in amount, which is dependent on the stake you are playing. For example, if you play $1/$2 blinds the minimum buy in is usually $80 and the maximum is typically $200. This may vary from site to site of course. If you are playing no limit hold’em, whatever amount you have on the table could be put at risk on any given hand. In no-limit, someone can bet the entire stack at any given moment, so if you have $100 and someone has $200, and your opponent goes all-in, then your entire stack will be at risk. Jesse, myself, and our staffers will go more in-depth on this topic in a different article, but I wanted to paint you a picture of how it works.
Tournaments come in different formats, just like they do in DFS. There are heads up tournaments, sit-n-go’s, and large field tournaments. Regardless of what size tournament, the same rule applies to each of them, and that is that everyone buys in for the same amount and starts off with the same amount of chips. Large field tournaments in online poker, work very similar to large field gpps in DFS. Normally 20 percent of the field gets paid and is usually top heavy. Many of the large field tournaments in online poker have guaranteed prize pools. For instance, you can find a $50 tournament with a guaranteed prize pool of $100K regardless of the entries. In most cases, they exceed the guaranteed prize pool and payouts are nice. However, just like in DFS, these are much higher in variance. Another thing to understand about online poker large field tournaments is that in most cases you can re-enter until a certain level, so if you are knocked out, you can buy back into that same tournament. In tournaments, blinds go up periodically, something that does not occur in cash games. Whether it is every 10 minutes, 15 minutes, 20 minutes, you get the drill, the blinds increase. So if they start at 25/50, once the blind level is up, they go up to 50/100 in tournaments (this is just an example, amounts will vary). Below is an example of a tournament structure from an online site.
Just like in DFS, bankroll management is huge in poker. If you maintain proper bankroll management, then you can sustain the swings and variance that come with the game. Maintaining a similar guideline to that of DFS as far as the percentage of your bankroll in play would be the way I would go about it. In cash games, you can invest a little more because the variance here is less, though in tournaments, I would keep a very strict rule because no matter how good of a tournament player you are, the variance is huge. This is why putting in volume in tournaments is what many pros do. I am not going to go extremely in-depth on bankroll management, because there will be an entire article dedicated to this.
Game selection is huge if you plan on playing online poker. Jeff Mans talks about this all the time regarding DFS, understanding what type of player you are. There are people who crush cash games that are not good tournament players, and those who are elite tournament players that are average cash game players. Both games are treated differently, and both have different skill sets that come into play. You can surely be good at both, but they are different animals, and have different approaches.
Transitioning from DFS to poker should not be that difficult to many of you because a lot of the thought process that comes with the territory of playing DFS is used at a poker table. Obviously understanding the game, knowing the rules, and making sure you are selecting the right games is crucial, but no need to worry as we will be walking you through this entire process and helping you each step of the way.
I am overly excited about this new journey we are about to take, and I can speak on Jesse’s behalf when I say that he is pumped up too, as well as the entire #EliteMafia. We have a lot of planned content coming out soon that should help you transition from DFS to online poker, and hopefully add some extra cash in your pockets.