Rep Porter is a two-time World Series of Poker bracelet winner with more than $2.4 million in career live tournament earnings. His first bracelet came in 2008 after taking down a $1,500 six-max no-limit hold’em event. He won his second in 2011 after coming out on top of the $2,500 razz event. He also went deep in the 2013 main event, banking $573,204 for his 12th-place finish.

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The University of Washington graduate and former equity options trader also plays high-stakes mixed games and is a lead content creator and instructor at ThePokerAcademy.com, a site dedicated to helping players achieve better results through better decisions.

Card Player caught up with Porter to discuss his new poker training site and what made him want to educate other players.

Card Player: How did you first get into poker?

Rep Porter: When I was growing up, my mom’s family got together for every imaginable occasion and after dinner, there would always be a card game that started up around the dining room table. It wasn’t very long before all of the cousins would get out the pennies from their allowance and start a game of their own in the next room.

Of course there were other games being played. I realized that you could really learn through literature and educate yourself about games when I discovered bridge. I was about 13 or 14 when I first started. I would ask my parents how to play and they would just hand me books on the subject. The idea that you could learn strategy from another player by reading it got presented to me early on and stuck with me.

5 Jun 2015 - 6 min - Uploaded by CardPlayerRep Porter is a two-time World Series of Poker bracelet winner with more than million in 28 May 2015 Rep Porter is a two-time World Series of Poker bracelet winner with more than million in career live tournament earnings.2018 Italy Poker Deals. The Poker Academy is dedicated to making sure that none of their students go into the summer unprepared, and lead instructor and three-time WSOP bracelet winner Rep Porter even shared his strategy.

CP: So when you began to play poker, you must have read anything you could get your hands on.

Rep porter pokerpages Unfortunately, developers have yet to find a way to bring all the fun and excitement of Craps to online casinos. Oh and thanks rep porter pokerpages for the no UHD download either, cheapskates'. Rubin also published an article about the security of online poker in All In magazine and has a patent on the related technology. Porter speaks against amendment that would gut legislation to lower drug prices December 12, 2019 Rep. Porter questions Treasury Secretary Steve Mnuchin about number of employees at key agency December 5, 2019.

RP: When I got into poker, it was the same thing. I remember in the early ‘90s subscribing to Mike Caro’s newsletter and I was reading all of the literature I could find in order to improve my game. I believed that if I wanted to win, I had to see the game from these other perspectives. I still remember one of Caro’s lessons. He said that you might notice a terrible player at the table who is there every night of the week but never seems to run out of money. Well, that guy is clearly doing something right that you are missing. It’s not just about attacking a player’s weaknesses, it’s also about learning something from their strengths to incorporate into your own game.

CP: In the late ’90s you decided to take on Wall Street, leaving poker behind. What brought you back?

RP: I spent two years in New York working on the floor of the American Stock Exchange trading stock options, then I spent one year on the Pacific Stock Exchange in San Francisco, then I spent another three years at my company’s corporate headquarters just outside of the Philadelphia Stock Exchange. My family began to grow and both my wife and I wanted to move back to Washington.

When I left Wall Street I assumed that I’d find a job in finance in Seattle, but I wasn’t in a rush to lock down something right away. So I started playing poker again in 2004 as a hobby and discovered that the game was a lot different than how I had left it. Online poker sites had sprung up and they were showing hole cards on TV. Poker was booming and everyone wanted to talk about it, which wasn’t the case when I was playing before. My poker career took off, so finance was put on hold and it’s still on hold today.

CP: You’ve been successfully beating the high-stakes mixed games for years. What makes you want to share that knowledge with the rest of the poker world on ThePokerAcademy.com?

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RP: My cousin Rick has been teaching poker for the better part of a decade and he’s been trying to talk me into teaching as well. I had done some teaching on Wall Street, teaching the young traders about option theory, and I enjoyed it. So I was attracted to it from that perspective. I also like the idea of being able to travel a little less so I can stay with my family in Seattle and being a poker educator will allow me to do that.

I also get something out of teaching in my own game. Teaching poker forces you to organize your own thoughts. When we built this course, I wanted to create a comprehensive, balanced plan that all fit together. Obviously in the games I’m playing in, I’m varying from the baseline play frequently because I have prior knowledge of my opponents and the game is being played at a higher level. But when I’m competing at the WSOP, I might not know any of my opponents and that’s where it’s super helpful to have that baseline play ready to go, refreshed in my mind. When you have to articulate an idea to teach it to someone else, it actually helps you understand it better and apply it to your own game.

CP: What differentiates your course from all of the other poker training sites out there?

RP: The biggest thing that our course has that differentiates it from other courses and training sites out there is that our course is sequential. You sit down and with an academic approach, get building blocks a, then b, then c and then string them together in order. You aren’t bombarded with a bunch of different concepts and expected to piece it together yourself. There are sites out there who like to through out videos, which is great for a concept or two, but it’s difficult to incorporate them into a successful tournament strategy. With our approach, you build up your fundamentals and then build on top of those fundamentals.

CP: Can a beginning player expect to be successful these days without the help of a training site?

RP: I think its very difficult to jump into the poker world these days and figure it out through trial and error. When I first started to play in the 90s, the amount of knowledge that existed was very low. The average player in 2015 would’ve been a world-class player back then. Players today already have a huge amount of information at their disposal. They think about hand ranges instead of putting people on single hands. These once difficult concepts have been fine tuned over the years and are now standard issue for most players. A beginning player just can’t jump in and expect to compete without any training. You’ll be at too big of a disadvantage. The good news is that there is information out there, specifically with our course, that brings you up to speed fairly quickly.

The Poker Academy’s mission is to help poker players achieve better results through better decisions and that is done by teaching poker in a way that makes learning easy and enjoyable with high quality courses taught by professional players.

Sign up for The Poker Academy today to take your game to the next level.

ThePokerAcademy.com is a new online education site led by Rep Porter and Rick Fuller. Their purpose is to teach you how to be a SIGNIFICANTLY better tournament player. ThePokerAcademy.com believes that having a good, solid understanding of tournament play, strategies, and dynamics is critical in this process. They firmly believe that poker is a game of decision-making, and that the best players in the world are the ones who consistently make better decisions. As such, their goal is to help you achieve 'Better Results through Better Decisions.'

Over the next few weeks, as the 2015 World Series of Poker plays out at the Rio All-Suite Hotel & Casino in Las Vegas, ThePokerAcademy.com will be offering you free poker content straight from Porter, a two-time bracelet winner who has already cashed four times this summer!

In the Part I – which you can view by clicking here, ThePokerAcademy.com started a discussion about the value of survival versus accumulating chips in a tournament.

The Value of Survival According to Rep Porter

This week we want to talk about the value of surviving once you reach the stage in the tournament where each prize is unique. This usually happens at the final table. At this point in the tournament, whenever a player goes broke, you make more money. Simple right?

If you subscribe to the idea that the percentage of chips you have are equal to the chances of you winning the tournament (and almost all the poker math geeks do), then you realize that allowing other players to go broke without changing your chances of winning the tournament is a great thing for you. Each place you survive adds a real amount of guaranteed cash to your pocket. This all happens without lessening your chances to win.

So that very last chip in your stack has a tremendous amount of value. The second to last chip is almost as valuable, and the third to last chip helps protect those last two, so it is pretty valuable as well.

Each chip in your stack is slightly less valuable than the one that came before it. If you want to look at how this works, grab an ICM calculator link online and play around with some numbers. We can take a quick look at this from an intuitive level. Suppose there are 10 people left in the hypothetical 1,000 person field we discussed in the last article. If everyone has equal stacks, in theory, they all have the same value in the tournament — 10% of the un-awarded money. Using the WSOP 1,000-person field payout schedule:

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What we need to look at is what happens when some stacks are combined. Now let’s suppose that one player busts four other players. This can happen slowly or quickly, but let’s suppose five players all go all in on the same hand. One of those players wins. That player has 50% of the chips, and the other five surviving players have 10% each.

Now how do we decide what these new stacks are worth? For the four players that went broke, this is easy. They were paid 11.3% of the prize pool. Now for the player with the big stack, let’s start with the assumption that he is 100% to win the tournament. We know this is not possible, but it is the best case scenario and creates a boundary for maximum value that those five players' chips can have when they all end up in one stack.

If this player wins, he gets 33.5% of the un-awarded money. Now if we add that to the 11.3% that the players who lost got for coming in seventh through tenth, we get a total of 44.8%. This is the most value that these five players can collectively get. If this player comes in second, they only get ~32% of the money and less if he comes in third or fourth. So before that hand, those five players were worth 50% of the un-awarded money, and now they are capped at just under 45% of the money.

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This is great for the five people who weren’t involved as they still have 10% of the chips each, and worth a minimum of 11% (1/5th of the remaining 55%) of the un-awarded money. All they did is just sit there and watch the carnage, and we know that the player with 50% of the chips is only 50% to win. An ICM calculation shows that each of the remaining five players is worth a little more than 12.74% of the prize pool. That is up quite a bit from the 10% they were worth before this hand took place. By surviving just four more players at this point, without winning any chips, they gained equity equal to 2.74% of the prize pool.

What does all this mean? It means that the chips you win are worth significantly LESS than the chips you lose at this stage in a tournament. This means when you call a bet, you need to have significant edge. The chips you are risking are worth more than the chips you are winning. Surviving has reached its maximum value. The idea that you have to turn down bets that would be slightly positive expectancy because of the difference in chip value might be disturbing to some. This is one of the major ways in which tournaments differ from cash games.

Two quick takeaways are: You would rather bet than call at this point in a tournament, and play tight and be patient late in tournaments.

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Part III in the series will release next Thursday. In the meantime, go to ThePokerAcademy.com to get started with a free tournament poker kit. It will include nearly two hours of videos on how to use your chips as weapons in tournaments, a series of articles on common misconceptions and problems in poker, a link to download pokerstove and a tutorial on how to use it, and a hand range booklet that will help you establish ranges right at the table while you're playing.

Also, be sure to like The Poker Academy on Facebook and follow them on Twitter @ThePokerAcad.

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