The Theory of Poker

Sklansky's The Theory of Poker has generally been reguarded as a classic since its initial release. Along with Doyle Brunson's Super System and Mike Caro's Book of Poker Tells these three book were the the 1-2-3 knockout combo of poker books. Super System covered many main types of poker specifically, Caro's Book of Tells covered much of the psychology of poker, but Sklansky's Theory of Poker was quite different. Instead of focusing on one aspect of poker, Sklansky decided to focus on the "big picture". Odds, psychology, information, using these things in combination to make the correct decisions is what poker is all about. And with The Theory of Poker Sklansky wrote a book that attempted to teach you how to do just that. Simply stated, if you make more correct decisions than your opponent, and make less wrong decisions, then in the long wrong, you will win. Luck is the thing that keeps beginners and gamblers coming back to try and "hit it big". And it's what keeps those in the know in the money. That said, this book is not the easiest read for the uninformed. I admit that I was one of those caught up in Poker big boom a few years ago but I have truly fell in love with it since then and have become a true student of the game. I have gone from dead money to a profitable player - and alot of that thanks goes to many of the books I have read by many great authors. In an attempt to categorize them to help beginners like myself choose what's right for them (in order): Beginners: Phil Gordon's The Real Deal - A very easy read to get beginners thinking about the game. Sklansky's Hold'Em Poker - Not much more complicated than Phil's book and offers more good ideas for the novice for getting started. Caro's Book of Poker Tells - Pretty straight-forward. Even most beginners should be able to grasp the concept of the tells and the psychological aspects of poker. Just beware of others who've read this book. Intermediate: Sklansky's The Theory of Poker - Certainly a must have. Will definitely get you thinking critically about the game. Doyle Brunson's Super System - A classic, but you won't be able to dominate the tables like Doyle used to. And considering all the poker types it covers it's an invaluable book. Harrington on Hold'Em vol. 1 and 2 - Even though this applies to mostly tournament play, much of this advice can be used in cash games. But if you play many tournaments (like I do) these are invaluable books and I would even put them ahead of Super System. Phil Gordon's Little Green Book - A great suppliment to The Real Deal. Offers some great ideas and concepts and a pathway into the mind of one of the better Hold'Em players in the world. Advanced: Sklansky's Hold'Em for Advanced Players - Simply the best book on Hold'Em written but a pain in the brain to read if you're not in the know. Definitely work your way up to it. Poker Essays vol. 1-3 by Mason Malmuth - Much like The Little Green Book these offer some great ideas but is more advanced

Sorry Brunson and Caro, I'm gonna save people some money and summarize your books right here. BRUNSON: Play aggressively and make the other players react to what you're doing. Lead the betting or get out. CARO: If an opponent projects strength, he's probably got a weak hand. If he feigns weakness, watch out. Loud, flashy dudes take more risks than quiet accountant types. Now, use the aforementioned knowledge with the mathematical theory Sklansky spells out and you've got as good a chance of being lucky as everyone else at the table. The "math" here basically consists of doing a quick calculation of the strength of your hole cards in conjunction with what's on the table and what's likely to come up. For example, If you have two suited (let's say diamonds) cards, one being an ace, in your hand and two diamonds on the board at 4th street (I'm talking Hold 'em, here), you have an approximate 25% chance that fifth street will be a diamond, to give you a virtual lock on the hand. Knowing this (25% chance of ending with best hand) one can determine an appropriate amount to bet/call. If the pot will end up being $100, it is appropriate to risk up to 25% of that ($25) in hopes of hitting the flush. If someone else's bet, however, requires you to match more than 25%, it's not worth the call. It's basic high school math applied to wagering in poker. CASE AND POINT: Last year, there was a Poker Book Legends tournament broadcast on TV. Sklansky, Brunson, Doyle and other note-worthies were at the table. And they each played according to the style dictated by their respective books. Brunson played aggressively. Caro constantly goaded his opponents in an attempt to get some sort of readable reaction.... and Sklansky just sat there quietly, waiting for high percentage hole cards, seemingly ignoring everyone elses actions. Pure math. Sklansky walked away with everyone's money.

"Every time you play a hand differently than you would have played it if you could see all your opponents' cards, they gain; every time you play a hand the same as you would have if you could see all their cards, they lose." [This is an excerpt from what Sklansky humbly termed the fundamental theorem of poker.] Statements like these will probably leave the average player, new to reading about his or her game, somewhat puzzled, but this is the main value of this book. It gives you a set of terms to describe conditions and actions in a poker game, and then tries to make you think about what you do and why. In the beginning, Sklansky says that this book does not try to answer, "What do you do in this particular situation?," but "What do you consider in this particular situation before determining what to do?"It uses examples from every form of poker found in a casino, but it does not deal with any one form in particular. For this, a few good choices include the 'Advanced Players' series from Two Plus Two Publishing, and 'Super/System' by 1976-1977 World Series of Poker Champion Doyle Brunson and his collaborators. Sklansky's object is to show that winning poker comes down to correct determination of your odds given cards seen and unseen, the size of the pot in play and the effect of less tangible, psychological factors on the odds set by the first two elements.It's not the easiest reading, but the language therein will be used by most serious players of the game in discussions away from the table. Get 'Poker for Dummies' by Lou Krieger and Richard Harroch first, as well as a basic text for your favorite game, like 'Winning Low-Limit Hold'Em' by Lee Jones. After a few months of play, open this book to reevaluate your game and what you thought you understood about poker.

I prefer later titles by this author but the valuable information in here should not be bypassed. Contained in ALL their titles: The best advice backed up with easy to understand examples. Contains the least amount of dubious advice of any poker text. Skylansky and Malmouth will effect a huge difference in your poker fortunes. No matter how good a player you are you are a "clueless newbie" until you have mastered the knowledge offered by David and Mason. Once caveat: Keep in mind that in general their advice is directed towards your playing in a game with tight aggressive skilled players. These authors no longer play in low limit games and to some extent have lost touch with the type of player the low limit playing reader faces.You should add another title to your shopping basket here to read that addresses games with loose bad players in it so as to obtain a proper strategic approach to all situations. A good poker book teaches you how to think about situations more so than what to do in specific situationAny text by the team of skylansky malmouth is worth it's weight in gold. Look for a revision of some of their classic texts, subtitled- "year 2000 or 20c. update"