Instinct is far more important than understanding odds, it's not even close. You can learn the math, the math is simple. But if you can read your opponents hand, you can't lose at poker. You can't lose.At the table, don't let your opponents know anything. Always spread maximum disinformation.
Poker is all about timing. It's about when you make a move, how you make it, who you make it against. Some people say when they sit down that they always want to win the first hand they decide to play. Who cares? It's not important to win the first pot, just the most pots.
You have got to recognize when you are in the presence of superior players and learn from them. When I finally decided that I was going to play my best poker, it was the simplest things that made the difference: not paying people off, not calling on the river when you know you are beat, getting up and taking a walk around the casino when you are starting to steam. Keep it simple.
The best time to bluff is when you are in position and you think you can win the pot. Here’s an illustration: I have 8,9 of hearts, and the flop comes with J,Q and three spades. On my right is an F.B.S. (Full Blown Squeezer, i.e. a tight, conservative player who only plays premium hands) who raises and makes it 300 to go, and we are heads up. I know he's a squeezer, so I know he's got two aces. I'm a long shot with a gut shot straight draw and two over cards and a different flush on the board. I will always bet that flop. Because nine times out of ten, he checks, I raise, he folds. That's the power of position, position is so powerful.
There’s nothing better than facing a good, tight limit player when they first come into the no-limit game. The squeezer, the guy who sits there waiting for aces. There's no better joy in the world than felting a squeezer. (The term "felting an opponent", i.e. taking his stack right down to the felt, was coined by Phil "Unabomber" Laak, and AE respectfully credits him with it.)
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