Help with the poker terms

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chainfire98

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  • #1
Please forgive my ignorance, but i am relatively new to online poker...What does the acronym MTT stand for and what exactly is a ring? And does fpp mean free poker game?
 
WVHillbilly

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  • #3
Multi Table Tournament
Ring = Cash game
Fpp is a Pokerstars Frequent Player Point
 
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chainfire98

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  • #4
Thanks guys! I've been playing online poker for money only for 3 days so far. I've only played $5 SnG' and the uncommon $10 SnG's. Deposited $10 and am now up to $120 profit! Maybe i should try an MTT...
 
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chainfire98

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  • #6
Nah, i read it. I realize i shouldn't be playing in $10 games yet, But i've played three so far and came in 1st twice and bubbled on the other game on a bad beat. I will stick to $5 games even though i am about 25 times the entrance fee. I am that confident in my skills. I've been placing in the money at about a 7/10 ratio. I've been finding it way too easy.
 
WVHillbilly

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  • #8
chainfire98 said:
Nah, i read it. I realize i shouldn't be playing in $10 games yet, But i've played three so far and came in 1st twice and bubbled on the other game on a bad beat. I will stick to $5 games even though i am about 25 times the entrance fee. I am that confident in my skills. I've been placing in the money at about a 7/10 ratio. I've been finding it way too easy.
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Bookmark this post a come back to it when you're getting ready to reload.
 
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chainfire98

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  • #9
Blah, I've played live poker a lot at house games and prolly played about 40,000-50,000 hands of free online poker on xbox live. And i've read a lot of the books and apply a lot of the principles. $5 games is just fine for me, for now.
 
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Steveg1976

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  • #10
Why didn't you say you played Xbox live, I mean that is clearly the same. :D
 
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chainfire98

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  • #11
free poker is basically the same on xbox live. You gain play dollars through winning tournaments and the more you win, you can advance to more expensive buy-in tourneys. The higher tables, people usually play like it's for money. People are competitive and don't want to lose. I've seen less donkies on xbox live (higher tourney's) then in cash poker games online to be honest with you.
 
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Egon Towst

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  • #12
chainfire98 said:
Blah, I've played live poker a lot at house games.
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You are lucky. None of my friends will let me play in a home game anymore. :p
 
Steveg1976

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  • #13
chainfire98 said:
Free poker is basically the same on xbox live. You gain play dollars through winning tournaments and the more you win, you can advance to more expensive buy-in tourneys. The higher tables, people usually play like it's for money. People are competitive and don't want to lose. I've seen less donkies on xbox live then in cash poker games online to be honest with you.
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Exactly my point, we aren't talking about playing for playchips anymore. When you pay to play, the game changes considerably. Not that there pros $1-$5 levels but the play is generally a lot better.
 
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chainfire98

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  • #14
Egon Towst said:
You are lucky. None of my friends will let me play in a home game anymore. :p
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Yea, just me and the usual 5-6 guys. Winner takes all, usually win about 1/3 of the time. 2 of the other guys are pretty solid, the rest are fish.
 
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chainfire98

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  • #15
Steveg1976 said:
Exactly my point, we aren't talking about playing for playchips anymore. When you pay to play, the game changes considerably. Not that there pros $1-$5 levels but the play is generally a lot better.
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Yes, i understand that. But i have been excelling at the $5 games. Not just good success, but great success. So i am not going down. Unless my br really slides. So far so good. I am not a complete noob, I have skills. Not a pro or anything but i've been doing great at the $5 tables
 
Steveg1976

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  • #16
chainfire98 said:
Yes, i understand that. But i have been excelling at the $5 games. Not just good success, but great success. So i am not going down. Unless my br really slides. So far so good. I am not a complete noob, I have skills. Not a pro or anything but i've been doing great at the $5 tables
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Well good luck with that. Though I suspect variance has a huge part to do with your current success. Maybe not, maybe you are that good but somehow I don't think so.
 
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chainfire98

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  • #17
Steveg1976 said:
Well good luck with that. Though I suspect variance has a huge part to do with your current success. Maybe not, maybe you are that good but somehow I don't think so.
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Well you know nothing of my game so i don't take your opinion with any grain of salt. I am good enough to be successful at the $5 tables. I'll stay away from $10..atleast for now (if success continues in the long term for $5 Sng's, i'll move up and try a crack at it).
 
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  • #18
I din't know what them terms meant neither but now I do thanks
 
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chainfire98

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  • #19
two more $5 sng tourney 1st place finishes, and one third place finish..no loses tonight...but i don't belong at the $5 sng's hmm? :rolleyes:
 
WVHillbilly

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  • #20
My concerns have nothing to do with your skills, only your bankroll. I wish you nothing but the greatest success.
 
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chainfire98

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  • #21
BR is $140 now, so i am getting close to when i will get your seal of approval to play at $5 sng's! :D

Thanks for your assistance and concerns, fellas.
 
JJ Cricket

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  • #22
My guideline is 5% of BR for buyin's so $140 should be no problem.
Good Luck & may the Poker Gods be kind.
 
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chainfire98

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  • #23
JJ Cricket said:
My guideline is 5% of BR for buyin's so $140 should be no problem.
Good Luck & may the Poker Gods be kind.
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$5 sng's are fun but 3rd place is just your entry fee and like $4 profit. second place isn't bad with around $8 profit. and 1st is about $18 profit. But 4 bucks or 8 bucks for a 45 minute tourney is not too great. Hopefully can build my BRM so that i can play $10 games and actually make decent money for finishing in the top three!
 
royalburrito24

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  • #24
Any concerns with your level of skill came when you did not know some easy poker terms, and when you said you were new to real money play. Obviously these assumptions were wrong. There is no reason to show any of us up, we are just trying to help you out. Although you are having great success along with your great skill, variance will kick in and you will lose, no matter how good you are. The reason we use bankroll management is when we do start losing, we minimize our losses. Sure, we are building our bankroll a bit slower than we would like to, but we are really minimizing our losses whilst using bankroll management.
I fully encourage you to keep us updated with your recent success.
 
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chainfire98

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  • #25
royalburrito24 said:
Any concerns with your level of skill came when you did not know some easy poker terms, and when you said you were new to real money play. Obviously these assumptions were wrong. There is no reason to show any of us up, we are just trying to help you out. Although you are having great success along with your great skill, variance will kick in and you will lose, no matter how good you are. The reason we use bankroll management is when we do start losing, we minimize our losses. Sure, we are building our bankroll a bit slower than we would like to, but we are really minimizing our losses whilst using bankroll management.
I fully encourage you to keep us updated with your recent success.
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Thanks. I've played for money at home games and a few tournaments at local sports bars, stuff like that. But i've been watching poker on tv, reading poker books, talking on forums. Pretty much breathing and eating poker for quite some time now. And i've played countless hands of free poker on xbox live. Just not used to the terms that the online poker community use. You'll never hear them over the microphone on xbox live! I understand the concepts though. I still have lots to learn, but it's going good so far. I understand BRM and will be using it to continue to hopefully be a long-term winner.
 
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