Are you new at poker and want to learn how to play Pot Limit Omaha (PLO)? Or is Texas Holdem your typical game and you want to add to your repretoire? If you are among the latter folks, pay special attention to the tips below because Omaha players are on the lookout for common Texas mistakes.
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In fact, most gamblers don’t use math when they play, so they lose too much money at the casinos. 1 – Omaha Hi-Lo Pot Limit Poker. For gamblers who have truly strong math skills and want to use them to make as much money as possible, there are two choices that stand out above the rest. If you are thinking of raising, then you should do the following to calculate the pot: So, you call the $2 Big Blind amount, and additionally raise a maximum of $5. In total, your chip investment will be $7. T he Small Blind folds and the Big Blind calls your $7 bet by putting $5 more into the pot. How Much Time to Spend at a Slot. When the ten spins are over, you should have a total of 2,000 credits minus the 560 credits you wagered during the session. In other words, your credits should amount to 1,440 plus those you have won during the ten spins. In order to determine your profits, you are supposed to calculate the difference between.
Below we introduce PLO strategies for starting hand selection and assessment, bankroll management, equity, backdoor outs and kill cards, and hand reading.
Basic PLO Strategy & Tips
Many players give PLO a try as a refreshing change from Texas Holdem. With 4 hole cards and betting limits fixed by the size of the pot, there are new strategy considerations to keep your mind fresh. This article covers some of the key strategy tips you’ll need to keep in mind when your first move over. Remember that experienced PLO players are on the lookout for people making ‘Holdem Player Mistakes’ and are ready to take advantage.
There are 3 main areas covered in this article. First the setup of starting hands and the importance of betting with combinations of cards that work together. Next you’ll find tips covering the relative strengths of hands at showdown. After that some advice on how to avoid giving away the content of your Omaha hand too early.
Pot Limit Omaha Strategy Tips – Starting Hand Selection
In PLO poker, a showdown has very specific rules. You can use 2 and only 2 cards from you own 4 hole-cards, and 3 and only 3 cards from the 5 community cards. Reading the board comes easily with practice, though the effect on starting hand selection is more subtle.
The best Omaha hands are those which have the largest possible number of 2-card combinations which work together – in addition to some high card strength. The best hands are A-A-J-10 with 2 ace high suited pairs, and A-A-K-K also double-suited. Both of these can make top set, straights and nut flushes. Other super-strong hands in PLO are called ‘Rundowns’ and include hands like 9-10-J-Q double suited. Here you have 6 combinations of hands working for you and you can flop draws with up to 21 outs – making you a favorite over a set.
Even one unconnected card halves the number of combinations you have working for you. The really dangerous Omaha starting hands contain small to medium pairs. Sure, you can flop a set now and again, but when the betting gets extra heavy in this game – middle or bottom set is a trap hand. If you are not already beaten by a higher set then you could be facing one or more massive draws which are favorite to beat you.
Pot Limit Omaha Strategy Tips- Relative Hand Strength At Showdown
Hands shown down in PLO are much stronger than you will be used to in Texas Holdem. If you think that each player starts with up to 6 potential 2-card combinations, then it makes sense that hands shown down will be close to the nuts. Just imagine betting into 3 players in Texas Holdem holding 18 hands – one of them must have hit the flop.
If you can get your aces all-in pre-flop then you should do that, however unimproved over-pairs are very unlikely to win the pot when there has been significant action.
Coordinated flops mean you need to make a decision on whether to continue immediately. The betting gets exponentially bigger on each round with pot-limit rules and ‘just calling to see what happens’ can lead you to hit a low straight, non-nut flush or two pair – which will cost you money more often than they make you any.
A good rule of thumb for new players is to only draw to nut hands. The highest straights, nut flushes and the best full-house should all be included. Once you get used to how different opponents are betting in different situations you can add in some non-nut draws like the underfull or King-high flushes.
Pot-Limit Omaha Strategy Tips – Don’t Give Away That Hand Too Early
A common mistake new Omaha players make is to limp or call pre-flop with a wide range of speculative hands – and then suddenly raise with a pair of aces or kings. This is so well known among regular players that many specifically watch for these raises. What you will find is that you instantly end up with 5 callers, and are quickly checked to on the flop.
If you did not improve on the flop you need to be wary, your opponents will know what you have (well, half of your hand at least) and will be ready to build a big pot if they have you beaten. Once you gain some PLO experience of your own you can join in the profitable pastime of watching for aces-only raisers.
Even players who raise a wider range of coordinated hands can fall into this trap sometimes. This happens when only aces are used to re-raise. If you are going to give away your hand in this way you need to make sure that you have no more than one pot-sized bet left after the flop – otherwise it is easily exploitable by observant opponents.
Omaha is a fantastic game and has developed a loyal following online. These tips should keep you from losing too many easy chips while you learn to beat the game.
Advanced PLO Strategy
Once you have learned the basics of starting hand selection, drawing to the nuts and pot-limit betting – you are ready to add some advanced strategies to your PLO armory. This article covers a range of tactics that will help you increase your win-rate in lower buy-in Omaha hi games online.
First you’ll find out how to spot situations where a combination of your current equity and ‘backdoor outs’ make it profitable to call when you are not favorite to win the hand. Next some notes on reading your opponent’s hands. After this I have covered how to distinguish hands which do better heads up from hands which perform well multi-way. Finally some notes on good bankroll management, which is a key skill in the high-variance game of pot-limit Omaha.
Equity, Backdoor Outs and Kill Cards
In Pot-Limit Omaha there are many situations where the pot has gotten so large that you have an easy call with a hand which is likely behind. This is not just for the mega-draws like wrap + flush draw hands, it can be for a simple flush with the pot offering you compelling odds.
What many new players miss is that there is often extra equity from backdoor draws. For example with a flush draw + top-pair hand, you will have chances of trips or even a runner-runner full-house, you may also have straight possibilities. These extras can often add the few percentage points to your equity, which make a fold into a call.
Conversely, there are often cards in the deck which are not clean outs. For example in a classic flush draw against set all-in on the flop, the set has outs to make a full house (7 on the turn and 10 on the river) which effectively kill your flush. Being outdrawn by a flush when you hold the nut straight has the additional risk of higher straight cards appearing as well as the board pairing.
You’ll need to spend some time with an Omaha poker calculator to get used to these kind of match-ups.
Hand Reading in PLO
In my article on Basic PLO Strategy Tips, I outlined how people who raise (or 3-bet) only with hands containing aces will find themselves in trouble in PLO games. There are several more ways you can learn to read the hands of your opponents in Omaha.
Key here is to start with the shape and strength of your opponents hands. You can often find bet sizing tells will give you a clue starting before the flop. For example, some players will only ever re-raise premium hands and will be more likely to raise pair or high card hands and instead call with their rundown hands.
After the flop some players will bet out every time they have a draw, while others will check and call with non-nut (though still strong) draws. With careful observation you can easily pick up patterns. If you are not used to this I recommend you start by focusing on how different opponent play their Aces hands – followed by double suited run-downs. Once you figure whether someone is drawing or ‘protecting’ a made hand from the bet sizing, your decision making process becomes significantly easier.
Multi-Way and Heads-Up Hands
Some Omaha hands perform better in multi-way pots, while others are at their strongest when heads-up. Examples of multi-way hands include the higher rundown hands, preferably double suited. If you hold a high pair with little in the way of coordinated backup then you will ideally find yourself heads-up and with the initiative in the betting. If you miss the flop and face resistance, then high pair hands should usually be ditched.
Simply deciding whether your hand would prefer to be heads-up or multi-way can help you choose a good pre-flop betting strategy. Make sure that you mix things up sometimes though – or observant opponents will know what type of hand you are holding from your betting style.
PLO Bankroll Management
PLO is a high-variance game. You can play great and find yourself missing big draws, having your big sets cracked and find your bankroll going down fast. Of course, this will be balanced by times when you run great too!
In Texas Holdem, the agreed safe bankroll level is 20x your buy-in, so you only have 5% of your bankroll in any one game. In PLO I recommend that you play a little more conservatively with your bankroll, instead opting for 3% on any single table or 30 buy-ins minimum. This will mean you can ride the variance which is natural in this game without having to worry about your entire bankroll disappearing.
Learning how to win money in a Las Vegas casino isn’t the hardest thing in the world to do. People win money in Vegas casinos every day, in fact.
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But the odds are against you.
That’s why the casinos are still in business and make so much money. They’ve designed the games and payouts so that you can’t win in the long run. They even have a word for the mathematical disadvantage the games offer you—it’s called “the house edge.”
The good news is that the house edge is a long-term phenomenon. Anyone can win money gambling in the short term. In fact, if they couldn’t, the casinos would go out of business because no one would play there.
Some gamblers do a better job of winning money at Vegas casinos than others, though. This post looks at what they do differently so that you can do it, too.
1- Build a Gambling Bankroll
The first step to winning money in a Las Vegas casino is having a gambling bankroll. This is money that you’ve set aside for the purpose of gambling with. It should be money you don’t need for other purposes.
The reason you need a gambling bankroll is because you can’t win money without first risking money. That’s how gambling works. And if you don’t set aside money for this purpose, you’re liable to bet money you can’t afford to lose just to get into and/or stay in action.
How big a bankroll do you need?
If your goal is to stay in action forever at a negative expectation game, you need an infinitely large bankroll. Luckily, that’s not the goal for most thinking people.
You should base the size of your bankroll on your goals. Which games do you want to play? How much are you planning to bet at that game? How much time do you want to spend gambling?
If you want to play blackjack for $100/hand, you need more than $200 to get in any time at the table. Lose 2 bets in a row, and you’re out of action almost immediately. That’s no fun. Most people want to spend more than 5 minutes at the gambling table.
With a blackjack bankroll of $200, though, you might be able to play for an hour or 2 at the $5 tables.
Frank Scoblete offers interesting bankroll management advice for gamblers who play casino games. These are usually based on what it takes to make a quick win. Some of his money management techniques are misleading, as they don’t increase your probability of winning. But his bankroll management advice can help you avoid going broke before getting your fill of fun at the table.
Scoblete suggests having a bankroll of 1000 units for a casino visit, and dividing it up as follows:
- 800 units for blackjack
- 130 units for craps
- 10 units for roulette
- 10 units for baccarat
- 40 units for poker
- 1 unit for video poker
- 9 units for sports betting
According to Scoblete, this works out to this much gambling on your gaming activities:
- 4 hours a day for blackjack
- 2 hours a day for craps
- 1 hour for all the other games
Obviously, you can see that blackjack and craps are far and away his recommended games. In this respect, at least, Scoblete is on the money. These are probably the best 2 casino games you can play, especially if you can avoid the sucker bets at the craps table.
More about those in the next section…
2- Stay Away from the Sucker Bets
Some casino games offer nothing but sucker bets.
But what’s that mean?
A sucker bet is a bet that only suckers make because the house edge is so much higher than it needs to be. An example of a sucker bet is the game of keno, which usually has a house edge of 15% or higher. (And I’m being generous with that number—most keno games have a house edge of 25% or more, making it marginally better than the lottery, but not by much.)
Some gamblers think American roulette is a sucker bet because of its house edge of 5.26%. If you’re playing in a casino that offers both American roulette and European roulette (which has a house edge of 2.70% or 1.35% depending on the rules), American roulette is certainly a sucker bet. But if American roulette is the only option available, and if you really enjoy the game, it’s not really a sucker bet.
Other casino games, though, have multiple betting options. Some of them have a low house edge, while others have a ridiculously high edge. Craps is the best example of this kind of game. The basic bet in craps is the pass line bet, which has a house edge of 1.41%.
But the proposition bets at the craps table have house edge figures well in excess of 10%. You’d have to be a sucker to place a bet at a table that will result in 7X or 8X the losses in the same time.
How do you know which games and which bets are the sucker bets?
Just spend some time researching the house edge for various games. Baccarat, blackjack, craps, and video poker traditionally offer the best odds. Slot machines and keno are on the other end of the spectrum, offering the worst odds in the casino.
Most of the other games are somewhere in between.
Of course, unless you’re an advantage player (like a card counter), all casino games have a negative expectation. This means if you play long enough, you’ll eventually lose all your money. From the perspective of an advantage gambler, who only bets when he has an edge, all these casino games offer sucker bets.
But for the recreational gambler, your goal should be to get maximum game fun for the least amount of money. Your goal should also be to walk away a winner if you can.
Your best chance of doing so is to stick with the games with the best odds.
Poker games are another thing, entirely. That’s a game of skill, and I encourage you to learn to play poker and play it well. Since you’re competing with other poker players for their money, you don’t have to worry about a house edge. You just need to be more skilled than most of the other players at the table.
Sports betting is another thing, too. The bookmakers set up the odds so that they’re going to make a profit, so it’s hard to get an edge, but they’re not perfect. If you’re better at picking winners than they are, you can get an edge over the books, too. In fact, if you’re really good at handicapping, your best chance of leaving the casino with a lot of money is by putting money into action in the sports book.
3- Stick with a Strategy for the Game You’re Playing
Most games have no strategy other than avoiding the worst bets at the table. Some games require you to make decisions about how to play your hand, though. The latter are the games with the best odds.
No matter which kind of game you play, you should go into it with a strategy and stick with that strategy. Ignore your hunches and psychic insights about what’s going to happen next. Just make the best possible bets you can.
Roulette is a game with a simple strategy. Most casinos in Las Vegas offer what’s called “American” roulette. Every bet on that roulette game but one offers a house edge of 5.26%.
There’s one exception:
The 5-number bet has a house edge of 7.89%. Since that’s significantly more than all the other bets at the table, the best strategy is to never make that bet.
You can then decide how you want to bet on the other roulette numbers based on your tolerance for risk and your desire for a big payout. If you like frequent small wins, stick with the even-money bets. The probability of winning those bets is close to 50% (47.37%), but you only win even money.
On the other hand, if you don’t mind losing for a while, you can place a single number bet. That pays off at 35 to 1, but the probability of winning that bet is only 1/38, or 2.63%.
You can also place a plethora of bets with payouts and probabilities between those 2 options.
With a game like blackjack, though, the house edge varies based on how well you play your hands. In blackjack, there’s a mathematically correct move to make in every possible situation. This is called “basic strategy.”
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A player using basic strategy in blackjack only faces a house edge of 0.5% to 1%. If you ignore basic strategy and just play your hunches, you’re probably giving the house an extra 3% to 4%.
That’s a huge difference. If you’re going to play blackjack, you should at least learn a simplified version of basic strategy to keep the house edge as low as possible
Also, even if you use perfect basic strategy in blackjack, the house still has an edge. Play long enough, and you’ll lose all your money.
But when you reduce the house edge as much as possible, you increase the probability of walking away from a Las Vegas casino as a winner.
You can find detailed articles about every casino game you can imagine on this site. Those articles all cover the appropriate strategies to use for these games.
4- Quit While You’re Ahead
No one can win money in a Las Vegas casino if they continue to play. Since the casino games have an edge, you’re likelier to lose than win, and every bet you make brings you that much closer to the long run. The Law of Large Numbers suggests that the more trials you get involved in, the closer your actual results will mirror the mathematically expected results.
This means that if you hit a big win early in your casino visit, it’s a good idea to set aside at least some of those winnings rather than gambling them all. I once won $6000 on a slot machine on my 6th spin of the reels. I immediately cashed out and set $3000 aside to make sure I could go home with a profit. (My bankroll for the entire trip was $1000, so I still had about $4000 to play with for the rest of my stay in Vegas.)
You’ll find some writers talking about money management and the importance of setting win goals and loss limits. An example of a win goal is someone with a $1000 bankroll who decides he’ll quit once he’s ahead by $200. That’s a win goal of 20%.
A stop loss limit, on the other hand, is an amount of money you’re willing to lose before quitting. With a $1000 bankroll and a 20% stop loss limit, a gambler would quit when his bankroll got down to $800.
Here’s the thing about win goals, stop loss limits, and money management:
None of these techniques change the house edge. No matter when you walk away from the tables, unless you walk away permanently, the house edge will eventually come into play in your casino game hobby.
Yes, you should quit when you get ahead.
Or at least set aside enough winnings that you can go home a winner.
Just realize that this concept doesn’t increase your chances of winning money in a Las Vegas casino in the long run. It just makes sure that you sometimes go home a winner. You’ll go home a loser more often, but not as often if you occasionally quit while you’re ahead.
5- Don’t Be Afraid to Go Big or Go Home
The last time I visited the Winstar, I had a small bankroll of just $200.
But I also had a plan.
I was going to bet $100 on odd. We chose that because my traveling companions and I decide that we were all odd people, so that might be lucky for us. (I didn’t have the heart to tell them that the odds of winning were 47.37% regardless of whether we bet on odd or even.)
That was half my total bankroll for the trip on a single bet. I wanted to go big or go home. I was going to use the other $100 to bet on craps, actually, but I was just going to stick with the $5 bets.
But it was a Saturday night at the Winstar, and they only recently started offering real roulette and real craps. Prior to this change, they generated results using playing cards instead of wheels and dice.
As a result, the tables were so crowded I couldn’t get anywhere near them. I wound up playing Lightning Sevens and The Big Lebowski slot machines, instead.
I still broke even for the night, but that was all luck.
Still, there’s much to be said for making one big bet instead of making lots of small bets. I’ve written about something called “maximum boldness” in gambling before. The idea is that making a single big bet on a negative expectation game offers you a better probability of doubling your money than making any combination of multiple, smaller bets.
This is because of the Law of Large Numbers, which I think I’ve already mentioned.
Here’s the easiest way to understand it, though:
You goal is to make $1000 on a single bet in roulette. You choose black (or any other even number.) You have 2 possible outcomes:
- You could win $1000.
- You could lose $1000.
Possibility #2 is more likely, but those are still the only 2 possibilities.
Now suppose you make 2 bets of $500 each. Here are the possible outcomes:
- You could win both bets, for a $1000 profit.
- You could win bet #1 and lose bet #2, which results in you breaking even.
- You could win bet #2 and lose bet #1, which also results in you breaking even.
- You could lose both bets, for a $1000 loss.
The likelihood of these events varies, but you’re more likely to lose both bets than you are to win both bets. That’s obvious. But you also have 2 other possibilities which are also pretty likely.
And obviously, the more bets you make, the more possibilities are out there. Suppose you make 4 bets of $250 each:
- You could win all 4, doubling your money.
- You could win 3 and lose 1, which would result in a profit.
- You could win 1 and lose 3, which would result in a loss.
- You could win 2 bets and lose 2 bets, which could happen in multiple ways, and you’d break even.
- You could lose all 4 bets.
The reason casinos make money is because they’re in it for the long run.
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Wanna beat the casinos?
Decide to get happy with wins in the short run.
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6- Spend Some Time Doing Other Things in Las Vegas, Too
It’s hard to win money on any kind of gambling if you’re tired or bored. Gambling is supposed to be fun. If you’re gambling compulsively to the point where you’re uninterested in any other activity, you’re in trouble.
Luckily, in Las Vegas, you can find lots of things to do. Heck, just walking around Downtown or the Las Vegas Strip can be loads of fun. There are free shows right on The Strip, too—the water fountains at the Bellagio and the pirate show at the Mirage cost you nothing. You can even go see circus acts at Circus Circus.
Spend some of your entertainment money on other forms of entertainment. Think about hitting a couple of the cool museums in town. Whether you like organized crime or nuclear experiments, Las Vegas has a museum to help educate you about it.
And you won’t find a better selection of shows anywhere on the planet.
The number and variety of bars and nightclubs is staggering. So is the number of restaurants.
Don’t just gamble.
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Enjoy some of what else Vegas has to offer.
7- Learn How to Play Poker, Please
If I could convince you of one thing, it’s this:
If you want to win money in a Las Vegas casino, stay away from the “casino games” entirely and play poker.
Not all Vegas casinos have cardrooms, but find one that does. Learn how to play poker and learn how to play the game well.
The skill element is what sets poker apart from the other games. The casinos take a 5% cut of every pot, which means you can’t just sit down and break even.
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But it takes less study and effort than you might think to become a break-even poker player. With a little effort, you can make a long-term profit at the Texas holdem tables.
90% of poker players don’t profit, but that means 10% of the players do. That’s a bigger percentage of Vegas winners than you’ll find playing slot machines, I promise you.
Conclusion
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Anyone can come home after winning some money in Las Vegas. People do it every day. It’s easier to pull off if you stick with the games offering better bets.
Of course, learning the right strategies for the games you’re playing helps, too. Being able to distinguish between good and bad bets is one critical skill. But in games like blackjack and video poker, you must be able to make the decisions offering the best expected value, too.
Finally, if you really want to win money in Las Vegas casinos in the long run, become a solid poker player.