Today's poker action begins with the noon $235 8-Game 6-Max Championship, followed by $125 Team NLH at 5pm and $85 5-Card PLO 6-Max at 9pm. If you are new to the concepts of "6-Max," "8-Game," or any number of other terms and colloquialisms you can use some of the past RIUpedia articles to be able to help sort those out for you: Day 1, Day 2, Day 3.
Today, we'll cover a few of the terms that didn't crop up previously for today's events, some poker terms that have been bleeding in to popular culture outside of poker, and some brand new poker terms that have been added to the lexicon in recent years.
These days, "Hold 'Em" variants (poker with hole cards and a common board) are the most popular, ever since the Texas Hold' Em revolution ushered in by the World Series of Poker in the 1970s and the early Vegas cash games in the 1950s and 60s. "Stud" variants (games with hole cards and face-up cards unique to each player) are also popular, and many such games like Razz are favored by the game's elite. But when you think 'poker,' in popular culture, you think "Draw."
Picture Maverick, The Cincinnati Kid, The Sting, or even the poker games on episodes of Star Trek: The Next Generation; poker in popular culture is usually a Draw variant, meaning all of a players cards (most often five of them) are hidden information in a players hand. When your family members or friends that are mostly unfamiliar with poker picture poker in their heads, they picture Draw poker.
Today's Event 10, the 8-Game Championship, features Deuce-to-Seven Limit Triple-Draw as one of the eight games. Sometimes called "2-7 Lowball" or "Kansas City Lowball," Triple-Draw is one of the most popular variants of "draw" poker. Many of the game's top pros think that the game is the purest form of poker, and especially like the "old school" aspect since it is one of the variants that was played as far back at the 1800s in the American Old West.
Some games, such as Razz, Stud-8, or Omaha HiLo, are Ace-to-Five low games, meaning that "The Wheel" is the lowest possible hand: A-2-3-4-5. But for today's events, the Triple-Draw event is different. Aces are "high," not accounting for a low-card, and also straights will count against you. This makes 2-3-4-5-7 the "Nuts" in that game in particular.
5-Card PLO, often referred to simply as "Big-O," is exactly the same as Pot-Limit Omaha except for each player receives a fifth hole card. This makes the average winning hand better, since each opening hand is increased by 25%! Big-O is also enjoying a resurgence, and you can find cash games and tournaments for Big-O somewhat frequently in the gambling Meccas of Reno, Las Vegas, Atlantic City, and more. Typically, Big-O is played as 6-Max because so many extra cards being dealt would put quite a strain on the deck.
As a note: Jason Somerville won last fall's Run it Up Reno Big-O event, which was a $125 Turbo Big-O, so he'll be in his element for this evening's $85 5-Card PLO 6-Max!
"Upstuck" is the brainchild of one of poker's most colorful personalities Phil Laak. Essentially, being "upstuck" means that even though you are cashing out ahead in a cash game, you're leaving with less than your peak. So if you bought in to a 1/3 NLH game for $300, ran that up to $1,000, then cashed out at $600, even though you should be content to be up a buy-in you feel slightly worse about it because you're "upstuck," having left some of your peak performance money on the table.
Simply put, a "+EV," or "positive expected value," move is a good choice; it's one that will make you money in the long-term. Conversely, "-EV," or "negative expected value," is a choice that will lose you money in the long run. So even though you may have lost a hand where you were 30% to win, if you were only responsible for 25% of the pot that is a +EV play, since over an infinite number of instances of that hand you would end up ahead.
"Plus EV" has since become a touchstone phrase among poker afficionados and gamers alike to refer to almost anything, not just poker hands, that requires a decision. One might say that deciding to come to Run it Up Reno is always a +EV decision!
Run it Up
Ah, the title track! What exactly does it mean to "run it up?" In essence, it means to build your bankroll by starting with small cash games and MTTs (multi-table tournaments), and eventually growing and growing your poker funds to the point where you can play larger and larger events. Running it up requires consistent BRM (bankroll management) and diligence, but it is a key part of being a successful poker player.
A secondary definition of "run it up" refers to improving your chipstack in a single tournament. Similar to "spin it up," which is usually used for cash games, one might say, "I might be on the low side of average chips, but I have enough that I can still run it up!"
We hope this collection of definitions helps you better enjoy our reporting. We'll have more from the 8-Game championship and all of the other events as the day progresses! Run it Up, Warriors!