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Poker's 1%: The One Big Secret That Keeps Elite Players On Top, by Ed Miller
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About the Author
Ed Miller is an MIT graduate and an acclaimed author of numerous poker strategy books. He's been playing, coaching, and writing about hold 'em full-time since 2003, and his books have sold over 250,000 copies worldwide.
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Product details
Paperback: 234 pages
Publisher: CreateSpace Independent Publishing Platform (March 15, 2014)
Language: English
ISBN-10: 1496159187
ISBN-13: 978-1496159182
Product Dimensions:
5.5 x 0.5 x 8.5 inches
Shipping Weight: 13 ounces (View shipping rates and policies)
Average Customer Review:
4.0 out of 5 stars
55 customer reviews
Amazon Best Sellers Rank:
#177,346 in Books (See Top 100 in Books)
The entire book is written from a heads up prospective. How often in your 2-5 game is it heads up going to the flop? Turn? River? To the degree there is 3 way action the book looses value and Ed admits this right away. This should have been in the write up of the book description, this is a book for head up play. Now that we understand this, Ed explains that in heads up play, you have to call/bet enough to not allow your opponent to steal the pot on any given street (flop, turn, river). This is a very important concept, but nothing new if you have read other poker books. If there is $100 in the pot, and I bet $100 my rival (or me, if he is the one betting) must call at least 50% of the time, or I can steal with any two cards by simply betting $100. That is the book (at least the main idea)! Ed explains in the book that reading players, thinking about pot odds and hand ranges and all are not as important as betting/calling/raising the correct frequency so not to lose money to single (heads up) rival betting at the correct frequency. The entire book is built around you playing a computer program, multiple online tables, (or possibly with a group of professionals, once it gets to heads up), that bets/calls/raises with a pure game theory strategy. In virtually all 2-5 to 5-10 games, this is not the case, players are very tight and Ed also admits this up front. He even suggests many players use a slot machine strategy (which i am personally guilty of) but he does not develop his thoughts on how to beat these players other than determine where their pyramid is weak and bet there (remember, it needs to be heads up). Ed also opens the book discussing TAG players and LAG players and how they are easy to bet. Any player betting in front of you, likely has a very good hand and to call with such a large range of hands is simply feeding money to this player. Ed, does admit, when this type of player bets, it is best to fold (or raise the LAG). Yet, this type of player is not likely to put in a big preflop bet, if he calls $5 well, you have 5 callers, this book is for heads up play. Once it finally gets to heads up, the slot machine player likely hit, and the pot is big, now what? Granted, you could in theory heaven, spent 1000s of hands and hours studying to employ Ed's frequency betting strategy and make reading players, pot odds, hand ranges, etc and not relevant, but would that even be optimal in the typical 2-5 game? How is my study time best spent as a player? But still, in a typical 2-5 game, where you can often see the flop for $5 or $15 bucks with multiple callers, how do you use the information in this book? The opening pages outlining the weaknesses in the slot machine player, TAG and LAG were not developed well with the frequency betting model. Why did Ed mention these 3 categories of players then not develop the ideas throughout the book? The 2-5 example is fair because Ed uses 2-5 and 5-10 as the example games in his book. Maybe the examples should be 10-25 NL and up or playing many online tables at once? The idea that you can employ these concepts on a 2-5 game and think on the "zero level" as Ed suggests is pie in the sky.I feel Ed struggled to get to 200 pages, the flow of the book certainly could be improved upon but there is just not a lot there to discuss. The book is written from Ed's brainstorming but he never developed it further. I suppose it is a difficult task, but that is the job of the author. David Sklansky mentions the concept in his books (not letting a better bet any 2 cards for a profit) that Ed wrote 200 pages on, but only in a sentence or two. The task of translating this concept into 200 pages was too daunting.There will be smug reviewers who will claim I do not understand the book well enough to write the review as they did other 1 star reviews. I bought into their rebuttals and still purchased this book. This is my 2nd book from Ed, the first was NL Holdem with him and David. That book is a great foundation on NL poker. I am starved to learn more about the game but I am too hesitant to purchase another book from Ed after reading Poker 's 1%. I could care less about the price of Ed's books, and am very interested in Playing the Player, but just unsure what I am getting for my time investment.
Ed is, to me, the translator of the poker world. He studies and understands to complex, high-level, mathematical material and then approximates it in everyday language. In this instance, he has studied "Game theory". (Though he specifically tells you it is NOT but is just close)This book is for you. Honestly, I think it might even be the best book to be a second book on poker.All the other effective strategies are actually designed to either A) conform with, or B) exploit deviations from, the central idea. That, and/or they assume that nobody else is thinking along these lines.The central idea is frequency based play; How often you should be taking each action on each street.Example abound: "You don't bluff a fish" because his calling frequency is too high(actually, if you ARE bluffing him his game resembles perfect strategy and he sorta destroys you) "Fold your one pair hand to a turn raise" is ONLY correct when/if your villain has little to no bluffing range. Etc etc etc. Every thing I know about poker falls into one of those categories.I suspect some players start reading this and think, like I did, "My win rate will plummet!" I think they decide early on that this is NOT for them and even if they finish it they read it with this bias and, being human, confirm it.This, or fundamental failure to understand, is the only explanation for a non-elite player to criticize the book IMO.If you read on WITH AN OPEN MIND you will find the real use of this book toward the end. In a nutshell it is this:You make money when your opponent makes a mistake and you capitalize on it(i.e. exploit them) and EVERY MISTAKE YOUR OPPONENTS ARE MAKING IS A FREQUENCY BASED MISTAKE.(Perhaps that's too sweeping but perhaps not)If you understand the correct frequencies, and it's NOT easy, you will see ALL the ways to take their lunch money. You'll be a beast at your stakes.Also, as he points out, you'll beat tougher and tougher games. And, it is certainly true that you could NEVER be elite without it.As Ed points out relentlessly, you have to do the work. It's very specifically laid out for you. If you don't do the work, this book will probably get you in trouble. This accounts for a lot of the less-than-stellar reviews, I'd bet.Anyway, it's my estimation that I you've read a bunch of poker books and you feel like each one gives a few (and decreasing) nuggets of information then hold on. This is not that. This was all new info to me (almost) and I've read a bunch of poker books.I've been putting of buying this book for a while. I regret that. I already know it will probably have the best and longest lasting effect on my game.That's my opinion. Hope it helps.
No-Limit Holdem theory has come a long way since this, Ed Miller’s seminal book. The concept of frequencies indexed against hand ranges is an essential building block of the contemporary game, but a lot more needs to be learned alongside a solid knowledge of frequencies—playing in position versus out of position; range protection and range advantages; opponents’ check-raising frequencies as a variable in determining the proper betting frequency given a specific range and board texture; the list goes on. If you don’t know what GTO players and commentators mean when they say, “If you’re folding XX here, you’re probably over-folding,†or get confused when they say, “I’m checking back 80% of my range here,†then this is a worthwhile read. But be prepared to learn more before you implement some of Miller’s (now out-of-date) applications.
Your best book ever Ed! (although all your books are very good). I had a vague idea of the concept discussed prior to the read (now I have read this book 3 times), but you did a great job explaining a difficult concept. To warn the readers, in order to get the most out of this book you need to set up an excel spreadsheet (or do by hand on paper) and be willing to go though tough, interesting hands that you have played. Working through the first few hands is a time consuming process. After you have done this a few times your intuition increases greatly and your ability to make better decisions at the table increases. Ed gives you the blue print but you have to do the work.
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