Weekly Poker Tip
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Weekly Poker Tip - Hold'em Edges
A few big fish can greatly raise the expected value of a No-Limit Hold'em game. You will be able to find yourself in a few situations where your edge is huge and you can win a huge pot. It is possible to make huge, disastrous mistakes at No-Limit whereas it is very hard to do so at Limit. People tend to make more common, smaller mistakes at Limit, so one cannot take too great of advantage of an opponent's huge error. Obviously a soft game is preferable, but the addition of one huge fish will alter the expected value of a No-Limit game much more than it will a Limit game.
So when you think about your edge in a Limit or No-Limit game, realize that one's edge at a No-Limit game is much more dynamic. A player's edge at Limit tends to stay in a certain general area, while a No-Limit Hold'em edge can vary greatly depending on the play of a few players. In the example of the K4 versus AK hand, you will more than likely win money in situations like those at Limit (unless you play in a tough game). However, you may or may not win any money from your opponent in No-Limit games. If you are able to extract huge bets from players with top pair and no kicker in No-Limit Hold'em games, then you may be able to retire from your day job a little earlier. But sometimes people will not pay you off at all,so your expected gain is contracted. Basically, the really big mistakes your opponents can make are either bigger in No-Limit or they do not exist at all, and this will greatly determine your expected win or loss from a game.
Nonetheless, there is the possibility of a more general edge at low-stakes No-Limit Hold'em games. This is because these games attract so many poor players that the addition of one or two more poor players does not significantly alter the ecosystem of the game.
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