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So you think you have what it takes to be a winning Texas
holdem player at the highest limits?

Only a select few can play Texas holdem at the highest limits
and show a long term profit. Though you may have read estimates
that winning players at these levels number in the hundreds, the
truth is probably the number of consistent winners at these
limits is in the low thousands.

This may seem like quite a few, but if you compare it to the
millions of players in the world, it shows just how hard it is
to hold your own at the top levels.

Depending on where you’re playing, when you join the ranks of
high limit Texas holdem players you may find that you’re sitting
at the same table as some of the poker pros you’ve seen on
television.

Many of them play at the high limit tables at the biggest
online poker rooms, though they don’t always play under their
real name. If you play in Las Vegas or other large gambling
destinations and play at the top limits you’ll play against
other pros all of the time.

While this may seem like a neat thing to do, it’s far from
the most profitable way to play holdem. When you play against
the best it makes it harder to show a consistent profit.
True professional poker players seek out situations where they
can make the most profit, not where they can find the best
players.

Please Note

Defining the exact limits of high limit Texas
holdem is somewhat difficult. The middle limits and upper limits
often blend together and depend a great deal on where you’re
playing and who you’re playing against. A rough guideline for
high limit play is at or above $5,000 buy in no limit ring games
and above $100 / $200 limit play.

Limit vs No Limit Play

The level of competition at the high levels of Texas holdem
doesn’t change much between limit and no limit play. Many of the
same players easily switch from limit to no limit and back
because they play in whatever the highest available game that’s
currently running is.

Of course you can specialize in one format or the other, but
if you want to maximize your opportunities for high level profit
you need to learn to play limit and no limit Texas holdem at the
top levels as well as most other common forms of poker.

Limit play is generally played with raises before the flop
and most pots are played two or three handed, at the most. If
you’re used to four or more players seeing most flops in a limit
game you’re going to need to adjust your thought process at the
upper levels. Just about everyone at these levels understands
pot odds so your profit at the limit tables comes from playing
better starting hands than your opponents and learning how to
recognize and exploit their playing tendencies.

The upper level no limit games also involve a lot of raising
pre flop and usually are played with only two or three players
per flop. But the play after the flop is almost a different game
than you see at the lower and even some middle level tables. The
layers of play and thinking can get so deep that weak players
quickly wilt under the pressure.

Just about everyone at these levels is able to think about if
a player is bluffing, or trying to represent a bluff, or making
a small bet to make it seem like she’s weak, or making a small
bet to make it seem like she’s weak but is really strong.

Working through all of these possibilities and landing on the
correct choice more often than not is one of the main things
that separate winning and losing players.

Strategy

The number one strategy at high level Texas holdem is you
have to play the players and the situation as much or more than
you play the cards. It’s still important to play to the best of
your ability and use every basic skill you’ve needed to advance
too this level, but just playing good poker isn’t enough.

You need to assume that every opponent is a really good poker
player until they prove otherwise. Almost all of your opponents
know how important position is, know how to use pot odds,
understand expected value, and know what tells are.

Your long term profit at the high limits comes from
exploiting small advantages, finding profitable opportunities
including soft games, and your ability to play your opponents.

It’s important that you learn as much about every single
opponent as possible. Even learning personal things about them
can lead directly to profit.

Example

If a player who usually plays in a game you play in is going
through a messy divorce he may be more likely to go on tilt if
he has a bad run or gets a bad beat. Though it may seem a bit
unethical to use this information against a player, he shouldn’t
be playing if he’s susceptible to tilt. And you’d better believe
he’d use the same information against you if the tables were
turned.

You shouldn’t cheat, but just about anything short of
cheating that you can use to get an edge you should be using. If
you don’t you’ll never be a winning high limit Texas holdem
player.

One of the most important things you can learn by playing the
player is your opponent’s playing tendencies.

Here’s a list of things you need to try to learn about each
opponent.

What hands do they play from early position?
What hands do they play from middle position?
What hands do they play from late position?
What hands do they play from the blinds?
Do they always make a continuation bet?
How often do they bluff on the river?
Can they adjust their play based on the game?
Do they have any tells?
Do they try to give false tells?
Can you use false tells against them?
Do they always bet when they hit a flush?
How often do they check raise?

You have to be able to adjust your play based on the
competition. In order to do this you have to be able to
recognize when you need to alter your play.

When the table is filled with overly tight players you can
often loosen up a little and the reverse is also true. But
adjusting your play goes beyond this.

You have to be prepared to adjust by the hand, player, and
situation. You might need to play overly aggressive against
certain players or in certain situations and need to play
passively in some situations.

Psychology

Almost everything you do as a Texas holdem player at the high
limits involves psychology. Only certain players are able to
mentally handle the swings and dealing with pots that are big
enough to buy new cars or houses at times.

What’s the biggest pot you’ve ever won or lost?

Most players are never involved in a pot large enough to buy
a car, much less one that’s hundreds of thousands of dollars or
more. We look at some of the things to do with large amounts of
money in the bankroll section, but your bankroll is only a part
of the psychology behind playing Texas holdem for large sums of
money.

As a high limit poker player you may find situations where
you’re in a game with a pot worth hundreds of thousands of
dollars or a million. Can you handle the pressure?

Many people have the idea that a million dollars is a lot of
money and they could quit their job or retire if they had that
much. While it depends somewhat on how much you need to live on,
a million dollars i

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