Players that have just started playing poker almost always have a ton of leaks in their game. It takes years to become a really good poker player, despite the common opinion of new players that they are already good. The most common mistake that new players make is that they play too many hands. They don’t yet understand starting-hand winning percentages and think they have an equal chance to win before every hand.

The other common one is to call too many bets when all they have is a draw hand. Novice players believe they will hit their draw too much because they don’t know the probabilities of the draw hitting. They don’t understand pot odds, and that calling large bets with drawing hands puts them in a negative wagering situation. And novice players play their cards too much, and not the player, which is rarely enough to win.

Whether you classify an event as a late-night poker tournament all depends on where you live and log-on. European players, for example, have all the North American daytime tournaments occurring at night. If you’re in North America though, here are my Top 5 late-night tourneys. (All these times are EST.)

1. PokerStars has its $20,000 guaranteed no-limit holdem tournament every night at 1:00 am. The buy-in is $109.

2. Full Tilt Poker has a nightly $12,000 event starting at 3:00 am. Buy-in is $109 and the game is no-limit holdem.

3. Bodog Poker has a $10,000 event starting just past midnight at 12:15 am. The buy-in for the no-limit holdem tournament is an inexpensive $55.

4. Hollywood Poker’s $108 buy-in late night event is at 4:00 am. It usually is only guaranteed for $4000, but can be much bigger.

5. PokerRoom also has a nightly $3000 no-limit holdem tournament at 5:00 am for $54, if you’re still going that early.

1. PokerStars is the biggest with the most action in any form of game.

2. Full Tilt Poker offers a wide array of games and heavy traffic for tournament play.

3. Party Poker has round-the-clock action at ring games and tournaments.

4 Titan Poker offers lots of freerolls and satellites. Tournament action is growing big.

5. Pacific Poker is known for its juicy games and great promotions. Lots of high-level action.

6. Hollywood Poker offers promotions with celebrities and first-class graphics.

7. Player’s Only Poker has the best sign-up bonus there is and they’re having a WPT Freeroll tournament in January.

8. BodogLife Poker has juicy games that are a worthwhile spillover from its top-notch sportsbook.

9. Sportsbook Poker has great small-stakes games on the new Cake poker network.

10. Noble Poker is a part of the iPoker network. Great sit-and-go tournament action.