The largest events scheduled include a $5,100 heads-up championship on 22 February. 22, a $5,100 eight-game mix championship on 17 February and a $25,100 high roller event on February 27. The Main Event, with its $10,000 and World Poker Tour (WPT) label will start on 25 February; a field of 600 participants is expected, this would generate a prize pool of over $6 million. The end of the Main Event will bring the series of 54 events to a close on 3 March. The 745 players who entered the same event in 2010 were bested by Andras Koroknai whose heads-up win over Raymond Dolan won him $1.7 million first-place prize.

The first event of the six-week poker extravaganza is the five-day $335 buy-in NLHe event that has a guaranteed prize pool of $1 million. With four starting days, last year’s equivalent event attracted 5,847 players who created a prize pool of $1.6 million.

The tournament is going to join the ranks of its competitors who are including events directed at senior citizens. This year will see the inaugural L.A. Poker Classic No Limit Hold’em Senior Championship on Wednesday, 23 February. The event will only be open to people of 50 years or older and will have a buy-on of $545. Tournament Director Matt Savage commented of the new event: “By giving our more mature players an opportunity to compete against others more in keeping with their own mindset, playing style, speed and experience, we create an environment that is exclusive and yet more relaxing,” said Tournament Director Matt Savage.

Many online poker rooms are offering very attractive packages for seats in the L.A. Poker Classic, this is definitely the best way (for most ordinary-earning people) to gain entry for events of such luch buy-ins.

To get started, let’s assume that you are starting out with $100 in your account. If I asked a group of beginning players what level they would all play with this amount of money, most of them would probably say the $.50/$1.00 No Limit or the $1/$2 Limit tables. This is where the problem lies. Realistically, you should never be buying into a table with more than 5% of your total bankroll and to be playing at those levels, you are committing at least 50% of your bankroll to one table.

It may be a little painful to hear, but you really should be playing at the $.05/$.10 level with this kind of a bankroll. At this level, you are not only protecting your bankroll from being lost in one bad session, you are also able to multi-table and give yourself a realistic shot of making a profit in online poker.

With so many tables going and so many different players, the chances of you being able to pick one table out of all the ones that are available and win at it are slim to none. However, if you are playing on at least 4 tables at the same time, you can counter the variance and actually make a profit. If you don’t believe it, give it a try at the very lowest levels until you can get used to playing on multiple tables at the same time. Start with two tables, then keep adding one until you can do anywhere from 4-6 tables at the same time.

In addition to offsetting the variance, you are also more likely to play steady poker instead of trying to get cute. You learn to play the numbers and stop trying to make the moves that you see on television that just never seem to work for you. You may not make a huge profit at each session, but you will at least be making a profit instead of flushing your roll down the drain by playing at a limit you should not be at and putting it all on the line on one table.

Give it a try and see if it works. You are going to be pleasantly surprised at the results and can gradually work your way up in limits as both your bankroll and ability to play multiple tables improves. Remember, ABC poker goes a long way when you have 6 tables rocking at the same time.