Molly's Game, the story of a former waitress now running one of the most exclusive underground poker games, is an excellent poker guide. Below are five key lessons to take away from it.
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1. The Importance of Bankroll Management
One thing to take away from ‘Molly's Game’ is bankroll management. In the film, we often see players who put exorbitant amounts of money on the line without knowing their limits. This leads to disastrous consequences — some players lose millions overnight. It's important to understand, as Molly emphasizes, that players need to know their limits.
Online poker enthusiasts must thus learn how to manage their bankroll wisely. Ultimately, a certain budget should be allocated for each session and not a penny more. Never lose more than you can afford — it may sound cliched but it does work. This discipline will protect your funds and encourage healthy gambling habits.
2. Understanding Player Dynamics
The film is, among all else, a good example of how different players change the nature of any game. Molly's table had all types of personalities from seasoned professionals to absolute amateurs. Molly never let professional players into her games along with amateurs because it was important to her to maintain a good atmosphere in the place.
The takeaway for online players: Know how your opponents are playing. Use tracking software to study their tendencies and then make changes accordingly. Know when you've been hit by a ‘fish’ or just a ‘reg.’ Change your strategy according to your opponent's strengths and weaknesses.
3. The Dangers of Tilt
Tilt is a recurring theme in Molly's Game. It is common for players to behave emotionally when they lose. This is evidenced by the fact that many characters become enraged or start making irrational bets after big losses.
Knowing how to identify and control your tilt is essential to keeping a clear head at the table. Figure out ways to deal with frustration, such as taking breaks after big losses or using techniques to stay mindful. Understand that tilt can blur your judgment and lead to costly mistakes.
4. The Role of Networking
Much of Molly Bloom's rise in popularity in underground poker tournaments was due to her networking abilities. She made acquaintances with high-net-worth players and as a result, got the opportunity to play exclusive games with very rich players. This part of her story shows the important role connections play in gambling.
Although online poker may seem like a solitary endeavor, there is a lot to be found in the poker community. Connect with other players on forums, social media groups, or Twitch streams. Sharing strategies and stories will help you learn more about the game. You may even want to explore and join poker clubs or societies.
5. Adapting Strategies Based on Information
In Molly's Game, Molly quickly realizes that being flexible is essential to a successful game. She observes the players' actions and adjusts her approach to keep control of the situation.
When playing online, you can, at least, pay attention to how different players approach the game and adjust your strategy according to their actions. For example, you realize that one of your opponents is a big bluffer, so you may want to call more often when he bets aggressively.
Conclusion
‘Molly's Game’ entertains, but it’s also a poker primer for novice players. The lessons learned from it can all be applied to online poker, too.
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