(Note: this post has a LOT of poker vocabulary in it. I'll try to put up a poker vocab post at some point in the future)
Live poker is a completely different beast from online freeroll poker. Pokerstars enabled me to build a solid base of knowledge about the game of poker. It gave me a feel for the odds, a feel for the relative values of hands, and a feel for how position(i.e. the order people act in a hand; the later the better, strategy-wise) really affects the outcome of any hand. Individual player tendencies are difficult to follow, since each player "looks" pretty much the same. Consequently, the best strategy online is to to play the best solid game you can play - maximizing gains, minimizing losses.
In live poker, player tendencies come to the forefront. What you have matters, but what your opponent holds matters as well. Figuring out the latter can make the former inconsequential - if I know a player check-calls the flop with second pair but check-raises with top pair or better, then I can use that knowledge to run circles around him (make it too expensive by betting big later in the hand if he has second pair, play more conservatively if he raises, etc)
I started playing a relatively small game at college: 10 cent/20 cent no limit hold'em, min buy-in $20. I'd like to introduce you to a few of my memorable opponents and their tendencies, as well as how I countered those tendencies to maximize my profits. Over time, the limits increased, and the stakes got higher, but their tendencies remained largely the same. Without further ado..
Joe Poker Joe was one of the central organizers of the games I played in. He specialized in limit games and draw-friendly games like Omaha(essentially hold'em with four cards instead of two) and razz(lowest hand wins!). Because of this background, he loved to play "drawing hands", i.e. hands like 4 to a straight or 4 to a flush, where there is potential to make an almost sure winning hand, but where you also don't have anything yet. Joe's love of drawing made betting and raising big with a pair or better very profitable - he often overplayed his draws and got a lot of money into the pot with just a draw. Also, calling his big flop bets was a must, since he liked to "semi-bluff" with a draw - bluff with a chance of making a big hand anyway. Either way, his classic statement after calling an all-in bet: "Call...I have outs.", meaning he knew he didn't have the best hand but was calling anyway.
Antonio Antonio played a solid game. He bluffed a little too much, a little too obviously, but that was only a minor error. His biggest weakness, though, was that he was wont to go "on tilt"(play poorly or emotionally after a big loss or unlucky moment). Early in the evening was an excellent time to play a longshot draw against Antonio - hit it once and you could be relatively sure he'd lose his whole stack out of frustration later in the night. The lesson here: don't play emotionally! (P.S. You already know this, Antonio!)
Cyrus Ah, Cyrus. Every good poker game has players known as "producers", people who lose large amounts of money consistently in the same game. Cyrus didn't care about the money - the stakes were small for him. He raised, reraised, and put pressure on his opponents at every opportunity. Aggression is good in poker, but not if that's your ONLY strategy. In the end, a LOT of money went into pots that he should never have been a part of. To beat an aggressive player, usually the best course is to just let your opponent hang himself by calling, calling and calling some more. Cyrus, however, tended to believe you were bluffing him, and would reraise right back, so being
slightly less aggressive, but not much, was the order of the day.
Dorian If Cyrus was aggressive, then Dorian would best be described as insane. Reraising a 60 cent bet to 20 dollars or more was standard. Simple to beat - grab a good hand, get the money in the middle. Sometimes it's that easy.
Ashraf Ashraf was somewhat of a "calling station" - he preferred to check-call with decent hands rather than betting or raising. To beat him, I would make a lot of value bets, meaning I bet with somewhat marginal hands, trying to extract the maximum value out of these hands. He bluffed occasionally, but since he preferred calling when he didn't have a monster hand, it was relatively easy to bluff him right back and take down the pot with nothing. Calling stations are pretty simple to play against, since it's easy to dictate the pace of the hand and difficult to overcommit yourself with a marginal hand. He won't reraise you most of the time.
Sumeet Sumeet once read somewhere that aggression was good in a poker game, and that playing tight was also good in a poker game, and that playing "tight-aggressive"(little of both) is the best professional style. He suffered from a poor sense of starting hand quality - he often played hands like Q6 suited or K4 offsuit, which led to him having a lot of second-best type hands when his top pair of kings got beaten by my top pair with a higher kicker(second card in your hole cards other than the pair, i.e. if I have AK and he has K4 on a board of K63, the ace is a higher kicker than the 4) The response - play solid, and mix him some fancier moves just to keep him thinking about poker strategy, since he usually thought about it poorly.
The Kaiser The first person I could legitimately "read" by looking at his face. If he was excited but quiet, he had a hand. If he was talking, he didn't have a hand. Fairly easy game once you know your opponent's cards.
There were a few players who legitimately knew how to play(Rob, George, Alex, Asian Rob, Dave, etc) Against these players, I had to break off of one simple strategy and use poker tricks like slowplaying, trapping, bluffing, smoothcalling, and everything you'll find in a poker strategy book in order to disguise the strength of my hand and figure out the strength of theirs. Generally, the good players all played aggressively, so there was some value in simply playing solid poker: let them play every hand, I'll just play the good ones.
Strategy constantly evolves when you play with the same people over and over again. You learn their tendencies, and they learn yours. In a casino setting, however, you don't have the luxury of knowing how everyone plays when you sit down. Categorizing players becomes paramount, so I'll go over that in my next post.