Stat 198: Poker Theory and Fundamentals
Hosted by Poker at Berkeley.
Welcome to the Poker Decal!
Applications for the spring 2023 poker decal are closed. If you are currently enrolled in the course, you can find all course information below.
If you want to learn more, you can find course material below, or check out our resources page.
Syllabus
Week # | Lecture Topics | Resources |
---|---|---|
Week 1: Introduction to Poker |
Course Expectations, Rules of Poker, GTO
Expected Value, Variance, Edge, Strategic Principles |
slides |
Week 2: Introduction to Theory |
The Open Raise
Open Raise Sizing and Required Fold Equity |
slides |
Week 3: Preflop Play continued |
Exploitative Open Raising
Calling Open Raises, 3-Betting, 4-Betting |
slides |
Week 4: Continuation Betting |
Review
The Continuation Bet |
slides |
Week 5: Value Betting |
Continuation Betting for Value
Value Bets on the River |
slides |
Week 6: Facing Bets |
Facing End of Action Bets
Facing Open Action Bets |
|
Week 7: N/A |
Rake, Bankroll Management
Combinations and Blockers |
|
Week 8: Bluffing |
Bluffing on the Turn
Bluffing on the River |
|
Week 9: Delayed Bets |
Delayed Continuation Bet, Probing the Turn
Bluff Raising |
|
Week 10: Back to Preflop |
3-Betting
Isolation Raising |
|
Week 11: Special Situations |
Playing 3-Bet Pots
Dealing with Donk Bets, Stack Depth |
|
Week 12: Concluding Lectures |
Solvers, Randomization, Game Selection, Pot Limit Omaha
Reading Body Language, Tells, and Angle Shooting |
This syllabus is subject to change as the semester progresses.
Course Information
Disclaimer
At no point during this course will you wager real money. We understand that betting is a sensitive topic for some and you might have issues with the ethical implications, please let us know. We will be focusing on the probability and statistics behind betting.
Course Objectives
1) Understanding the rules of poker
2) Understand basic
and advanced poker concepts
3) Be able to use an
understanding of poker strategy to play a fundamentally sound
game
4) Be comfortable thinking about hands using correct
logic, being able to apply that logic more generally to other
games and circumstances.
Sections
Day | Time | Location | Lecturer(s) |
---|---|---|---|
Monday | 6:30 - 8:30 | AAPB 155 | Prakash, Shrey |
Tuesday | 6:30 - 8:30 | SOCS 126 | Ashwin, Sabi, Kaan |
Wednesday | 6:30 - 8:30 | SOCS 166 | Prakash, Shrey |
Thursday | 6:30 - 8:30 | SOCS 166 | Ashwin, Sabi, Kaan |
Assignments and Grades
Lecture Attendance (25%)
This class will be impossible to succeed in without active
participation in class and attendance to learn the material. It
will be a very laid-back and open atmosphere so students should
be encouraged to discuss topics.
Attending over 75% of sessions: 30%
Attending over 62.5% of sessions: 26%
Attending over 50% of sessions: 23%
Attendance below 50%: proportional to attendance. For example,
25% attendance earns 25% * 30% = 7.5%.
Playing Session Attendance (25%)
We will have short sessions after lecture where we will practice
using play money. Total hand count and player activity will be
logged to find weaknesses and ensure student engagement.
Attending over 75% of sessions: 30%
Attending over 62.5% of sessions: 26%
Attending over 50% of sessions: 23%
Attendance below 50%: proportional to attendance. For example,
25% attendance earns 25% * 30% = 7.5%.
Homework (30%)
Throughout the semester, there will be weekly assignments that
should take at most an hour. Homework assignments will be graded
entirely based on effort and completion, with examples given of
what constitutes a reasonable effort.
Final Project (20%)
The course will have a final assignment requiring you to analyze
some of the hands that you played during sessions over the
course of the semester. Similarly to the Homework, it will be
graded based on effort and completion, with examples of hand
analysis provided.
In other words, if you attend a majority of lectures and playing
sessions and complete a majority of assignments, you will pass
the course. While not for a grade, we will also have short
weekly reading assignments. Please contact us regarding time
conflicts or needed accommodations for absences. We promise to
be reasonable and do not want grades to be a concern for any
student engaging with the course.
Course Description
The purpose of this course is to teach students poker
fundamentals, both to help them improve at the game and learn
wider applications of the game theory found in poker. While we
believe students of all skill levels will benefit from the
course, it is primarily targeted at beginners and those with an
advanced understanding of the game may already be familiar with
most material.
The course will focus on 6-max No Limit Texas Hold'em, the most
popular variant of Poker played today. We will begin by covering
the rules of the game, basic strategic principles, before diving
into the mathematics and heuristics used by strong players.
While not the focus of the course, we will additionally briefly
touch on the psychological aspects of poker, including some
common tells and reads found in live play. Specific topics will
include (but are not limited to): Position, Preflop Ranges, Pot
Odds, Equity, Bankroll Management, Blocker Effects,
Polarization, Exploitative Adjustments, Tells.
Learning poker theory is beneficial for reasons outside of
improving at the game. Thinking about decisions in terms of
their expected value while minimizing variance is a valuable
skill with many applications in statistics, mathematics, game
theory, economics, investing and finance.
Poker skill is highly valued by many financial firms, with
relevant material often appearing on interviews and books on
poker theory often finding their way on to the reading list for
new hires. Carnegie Mellon and Facebook have put major effort
(and have succeeded) into creating Superhuman Poker AI due to
far reaching applications to other imperfect information
systems. While we will focus solely on poker itself, a strong
understanding of poker remains very useful off the table.
Prerequisites
For success in this course, it is recommended that you have
completed a lower division probability course (STAT 20/STAT
21/STAT 88/UGBA 88) as there will be many fundamental
statistical concepts covered. If you have not taken any of these
classes before, you are still welcome to take the course, but be
aware you may find some of the material more difficult.
It is also strongly recommended that students come to the course
familiar with the rules of Texas Hold'em we will cover the rules
but starting from no basis will be more difficult.
To succeed in this course, we highly recommend students attend
every lecture as content is cumulative and it may be difficult
to follow if you are behind on past material.
The only way to improve at poker is through focused
play and study.
Resources
You can find more resources for learning about poker on the resources page of the Poker at Berkeley website.
Facilitator
Prakash Srivastava
asrivastava@berkeley.edu
Lecturers
Ashwin Bindra
ashwinbindra@berkeley.edu
Kaan Yucel
kaanyucel@berkeley.edu
Sabi Can Ruso
canruso@berkeley.edu
Shrey Ghai
shreyg17@berkeley.edu