money strategy

No-Limit Hold'em is game of general strategy, basic tactical skills useful in all forms of poker, and a game of intense psychology.Let's first go over general strategy. There are two things you should quickly figure out when you enter a no-limit game:1. What types of players are my opponents?2. How many hands go to a showdown?Types of opponentsGenerally, people speak of four types of players: tight-passive, tight-aggressive, loose-passive, loose-aggressive. The first modifier (tight or loose) characterizes the number of hands the person plays while the second (passive or aggressive) describes the player's betting style. I think that for no-limit hold'em, loose-aggressive should be divided into two parts: maniacs and solid players. Let's go over each of these types of players.Tight-passive: These people do fine in a fixed-limit game, but they won't win much money in a no-limit game. This is because they do not get full value out of their winning hands. When playing against these players:
1. Bluff at the flop a lot. Put in a raise preflop, and try to take down the pot at the flop.2. Fold when they represent a hand. If they bet a little, they're probably on a draw or have a weak hand. In this case, you should still stick with your hand if you hold something decent. If they bet a lot, they probably possess a solid hand.3. Take advantage of your control. Don't go wild with your bluffs, though. You should still fold preflop when you have nothing. If you make a flop bluff, think twice before making another bluff on the turn. Also, you can still win a fair amount of money off of these types of players whene you hold a good hand.Essentially, you can quickly tame these players into calling stations or folding stations. If one of these players is making a lot of money against you while being a calling or folding station, you are doing something seriously wrong. These players are common, and you will certainly play against quite a few.Loose-passive: These players have to hope that people continually bluff into them, because they frequently call with the second-best hand. Calling with the second-best hand is a recipe for disaster at no-limit games. You won't often see loose-passives playing no-limit hold'em, because they lose money too quickly playing the game. If you are fortunate enough to have a loose-passive player at your table, just win money off of him by making mid-sized bets when you hold a good hand.Maniac loose-aggressive: These guys will buy a fair share of pots. However, they will often get themselves trapped, and they will lose their stacks in one or two hands. What separates these players from good loose-aggressives is that they lack discipline. They love the action of no-limit so much that they get themselves trapped too easily. These types of players are rare.Strong loose-aggressive: These guys seem like they are horrible maniacs, but in reality, they are a very dangerous form of player. They will certainly lose a lot of money in pots, but they also will buy a lot of pots and win huge ones. The way these players win is mainly by getting a good read on the opponent, and then making a well-timed bet.One trick I use to beat these guys is to take them down in one big pot. Since they will play a lot of hands, especially shorthanded, they'll often play hands that lend themselves to being the second-best hand. Once I catch them in this situation, I just have to make sure I don't let them go too easily. Another tip is to make sure you are playing in a game where the money is not too meaningful to you. You should not let these players scare you financially when they make a large bet or raise. You need to be able to play back at (reraise) these guys or call them down.These players only do well when people have large stacks. If you or the loose-aggressive player has a small stack, you are at an advantage because their ability to bluff is limited.Tight-aggressive: This is my style and the strategy that I'll teach. The tight-aggressive's main problems are that he may get bluffed out too easily and that he may be too easily read.Showdown PercentageThis is a critical concept in no-limit hold'em. Since no-limit lends itself to bluffing, one can make a lot of money simply by stealing pots if your opponents are very tight. However, this strategy obviously fails if everyone shows you down at the river!Generally, before I play in a game, I pay attention to the number of hands going to showdowns. This is really easy to do on the internet because you don't even need to watch the game. You just leave the window open, go eat a snack, go to the bathroom, whatever. Come back twenty minutes later and see what sort of game you are about to dive into. All you have to do is scroll through the chat box and see how many hands went to showdowns and how big the pots tend to get.All things being equal, more showdowns are better. While it is impossible to bluff if everyone calls you down, you stand to make a lot more money if people call you with tenuous holdings. The best way to make money at no-limit games is to simply sell your hand when you have it. If people call down a lot, you will be able to extract a lot of money from pot-sized or larger bets when you hit a premium holding (such as a flush or set).Types of Hands to PlayThe types of hands you play in no-limit differ than those in fixed-limit. This is because of implied odds. Hands like KQ go down in value because they cannot withstand much pressure. Even if you hit a King with this type of hand, you still may be losing to a set, two pair, AK, or eventually to a draw. Thus, with big cards, you generally want to take down the pot at the flop. The exception to this is if you think you have someone outkicked (like with AK vs. KJ with a K on the board), or if you hit the flop hard (like KK3 when you hold AK). In these cases, you generally want to extract money from your opponent bit by bit.