re: Poker & real money vs.play money
Originally Posted by tenbob
Play money games are a decent tool for learning the dynamics of the game. In fairness though, poker is a game of risk/reward, without any risk there is no reward, so play money games fail in many regards.
Beating a playmoney game regardless "how high" is of no indication that you can beat even the lowest of stakes. Because even at the lowest stakes online there is a risk/reward.
Keep this in mind while you get more and more comfortable playing online poker, and then by extension, perhaps live poker. The common cliche' is that "if you aint in it, you can't win it". But that cliche' sort of exudes loose play, and that isn't really risk/reward, or it strains a sane concept of risk/reward. Playing 82o is beyond most folks sane concept of risk/reward.
But everyone of us has run into those players, perhaps even a few times we have found ourselves in the position where we either had to, or were persuaded (pot odds
, ICM, etc) to play such geeky holdings.
I am almost embarrassed to confess I don't take the risk reward road enough, and when I finally have to, I do it wrong. But then until I read this I wasn't very conscious of how I deal with the risk/reward aspect of a luck based gambling like game.
I still play play money occasionally.
Set a goal of 1 million play chips before you really consider moving along. BTW, play gets better at the 10K play money games. By better I mean it gets even closer to real money play. At the 10K level, you have a pride level coming into play from a lot of folks who believe they are getting close to crushing the game, and do have the understanding that at it's core it is about chips, and not cash. This is the beginnings of the results oriented thinking, and the realization that good decision making will eventually produce good results, rather than the quick, fun, improper play that sometimes results in big prizes.