Poker Glossary. Explanation of Nosebleed The terms used for poker stake levels are a little loose and vary depending on who we ask. They are as follows - Nano stakes Micro stakes Small stakes Mid stakes High stakes Nosebleed stakes The categorisations have also shifted over the years to reflect the increasing toughness of the games.
What is a Sequence in Poker? What is a Mechanic in Poker? What is a Joker in Poker? What is the House in Poker? What Does it Mean to Chase in Poker? What is a Bum Hunter in Poker? What is Bottom Pair in Poker? Related articles. A good analogy is for an average chess player to try playing a grandmaster. For most online poker sites, mid-stakes is where you start to see highly skilled players emerging who can make a decent living playing professionally.
Enter the high-stakes cash game poker professional. While there are quite a few regs that play these stakes, a good number of them also still play mid-stakes as well. Basically, what typical high stakes players do is game select heavily and work hard to ensure that they have an edge in every game they play. In fact, often the skill difference between mid-stakes and high-stakes players mainly lies in their ability to manage their bankrolls and careers a bit better.
To win long term at high stakes takes a dedication to the game and an ongoing commitment to keeping up to date with the latest strategy. Career management must be strong. I am not going to give you a list of tips on beating high stakes. Personally, I have never played a hand higher than NL and am not even qualified anyway. What I will say, is that once you are beating mid-stakes you will already understand what it takes to at least some degree.
Whether you decide to take a shot at high stakes will depend mostly on financial security in taking a shot. For the few that do make it as a successful high stakes poker player, the amount of money you can win is pretty limitless. Even for part time guys that beat high stakes, , a year likely feels like the floor for them. Variance is insane at these stakes. Almost no one is actually correctly bankrolled to play the nosebleeds. Conservatively, you really need at least 50 buy-ins to be a regular at any stake.
The nosebleeds are an interesting phenomenon that reached their height right before the fall of Full Tilt Poker. The volume of hands played at those ridiculously high stakes has never been matched since. The truth is, it takes a special type of person to play at this level.
You have to be a billionaire, a big risk taker, or have a huge ego to even think about taking on the nosebleeds. Even so, the level of play at the highest levels is actually probably not as good as it is at even mid-stakes. The reason is that most strong poker players will not risk their hard-earned money without having a gigantic edge in the game.
Like high stakes, the nosebleeds are more about taking shots for the vast majority of the players. Assuming that each stake is your regular game and you are not taking shots, you typically want at least 50 buy-ins at a stake. Based on that, here are the bankroll requirements of each stake:.
This article has mostly been about online poker. Below is a list of the live equivalents in skill level. Keep in mind that you can only 1-table in live poker. This means everyone is presumably able to play their A Game.
Also, live recreational players tend to be much worse live. This means NL live is like 5NL online. You get the idea. Now you know the differences between all of the stakes, both live and online. Miscellaneous King Articles Definition of Nosebleed Cash Games What is a "nosebleed cash game"?
What is the definition of the term "nosebleed cash game"? A "nosebleed" cash game is a cash game that is played at very, very high stakes. Let's break this down a little bit. People tend to get nose bleeds at high altitudes, thanks to the lower barometric pressure and drier air. So, a "nosebleed cash game" would be a cash game that is played at very, very high stakes. The stakes were so high, it was said, that they would cause "nosebleeds".
Some of the players who tend to participate in "nosebleed cash games" include Phil Ivey, Tom "durrrr" Dwan and Gus Hansen. All three players have won or lost hundreds of thousands of dollars even millions in just a single session by playing in "nosebleed cash games".
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