Poker Strategy of Instagram King Dan Bilzerian

Dan Bilzerian’s Poker Origins

After being discharged from Navy SEAL training under disputed circumstances, Dan Bilzerian enrolled at the University of Florida in 1999 intending to become a surgeon. But after discovering online poker, he dropped out to play cards full time using a modest $6,000 bankroll. Bilzerian earned his first major score on Bodog Poker where he won $400,000 in a single month. This convinced him to leave college and turn pro. He began playing in private high stakes cash games and hosting them himself. "I let people think that I had a big trust fund and that’s how I got all my money because that allowed me to get into those really good games." Said Bilzerian.

This image of being an unpredictable trust fund kid opened doors to many lucrative private games over the years. Bilzerian embraced playing Loose Aggressive poker to apply maximum pressure on weaker opponents. While pros doubt his overall poker skills, Bilzerian proved skilled enough against wealthy fishes.

Choosing Opponents Carefully

A core tenet of Bilzerian's strategy was choosing opponents who had more money than poker skills. Dan's objective is to win as much money as possible, not to become the best, smart poker player. He chose carefully who to play poker against. Lots of poker players doubt his poker skills, which have been shown in online poker streams, but if winning is the sole objective, poker is not about how good you are in skills, it becomes how good you are at finding yourself with rich poker fish.  

As he told in 2014: "For me, it was getting into games with celebrities, producers, and hedge fund guys. I didn’t want to be associated with poker players, didn’t want to hang out with them, not even be seen with them." Bilzerian claimed to have pioneered a poker strategy known as LAG (Loose-Agressive) poker, which was effective against rich fishes in private games.

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What is Loose Aggressive (LAG) Poker?

Loose aggressive poker abbreviated as "LAG" is a style involving playing many hands preflop and applying pressure by betting and raising aggressively postflop. LAG is optimal in some games, but requires strong postflop skills and risk tolerance.

Here are key characteristics of the LAG approach:

1. Plays 50%+ of hands preflop from most positions when folding doesn't close the action
2. 3Bets light for value against weaker players to build pots preflop
3. Continuation bets at a high frequency on most flop textures
4. Double and triple barrels relentlessly to put opponents under pressure
5. Uses large bet sizing to force tough decisions for marginal hands
6. Remains aggressive both as bluffs and with value hands without slowing down
7. Rewards good starting hand selection with very high aggression factors

LAG aims to compound preflop hand selection edges by betting and raising aggressively postflop. It applies maximum pressure to force opponents into tough spots by leveraging semi-bluffs and relentless continuation betting.

Maximizing Fold Equity

A LAG strategy relies on maximizing fold equity - the chance your opponent will fold the best hand when facing aggression. This polarized approach makes it difficult for opponents to deduce whether you have a nut hand or are representing holdings. The relentless aggression forces weaker players to surrender profitable holdings or risk going broke. Bilzerian embraced this concept of applying crazy pressure.

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Requirements for Playing LAG

Adopting a loose aggressive approach has strict requirements:

1. Very strong understanding of hand ranges and equity calculation
2. Ability to balance bluffs, value bets and draws in polarized ranges
3. Creativity to design new bluffing and semi-bluffing lines
4. Steel nerve and willingness to embrace variance swings
5. Large dedicated poker bankroll to handle potential downswings
6. Table selection focusing on weaker, passive opponents who pay you off

The ideal LAG profile also requires strong mental game skills. You have to think clearly under pressure, avoid results-oriented thinking, and detach yourself from previous hands. Suboptimal LAG play can lead to undisciplined spewing off stacks.

LAG Strategy Breakdown

Here are some core strategic elements of successfully playing LAG:

1. Play more hands IP for implied odds and ability to control action
2. 3Bet light from SB vs Button open to take initiative in bloated pot
3. C-bet wide on low and high card flops to force folds from pressure
4. Fire multiple barrels with strong equity hands including backdoor draws
5. Overbet shove river for maximum fold equity with polarized ranges
6. Remain unpredictable and well-balanced to avoid becoming exploitable
7. Avoid getting out of line or playing too many marginal hands without initiative
8. Being positioned with a deep stack relative to the table allows maximum leverage

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Did Bilzerian Master LAG Poker?

Despite his bravado, poker pros remain skeptical about Bilzerian's actual skill level absent public tournament results. However, Bilzerian never claimed poker mastery as his goal. He embraced variance and used his image to gain access to juicy private games against wealthy whales and celebs. In that context, he proved skilled enough to profit through a simple but effective loose aggressive approach.

Dan Bilzerian provides an unorthodox case study of using loose aggressive poker to profit against recreational players. While LAG can be optimal in some tough games, it requires great technical skills to implement properly. For most low and mid stakes players, a fundamentally sound tight aggressive (TAG) strategy will lead to more consistent results. But Bilzerian's ability to carefully select his opponents and leverage his image to join juicy private games validated his results-oriented approach. His relentless high stakes gambling and opulent lifestyle also fueled the creation of one of Instagram's biggest personal brands. And that may be Bilzerian's biggest victory of all.

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This article is curated from stakeholdem.com.
You can view the original article here.

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