Sunday, May 02, 2010

Monday SCOOP Plan

Tomorrow in the morning is 6 max NLH with rebuys. The medium stakes is $55 with rebuys which is nothing special and the high stakes is $530 with rebuys and is a little too steep. 1% chance of my playing either of those.

At 2 PT is limit badugi which I'm about 85% to play. For those of you who don't know what badugi is, let me give you a quick run down. The way it works is you get 4 cards and then there is a round of betting with blinds just like in hold'em. Instead of a flop there is a draw where you can throw away cards from your hand and get new ones. Instead of a turn there is another draw, and instead of a river there is another draw.

The goal of the game is to get the four lowest cards you can with all four suits represented. A 2 3 4 with four different suits is the best possible hand. If you make a pair or if you have two cards that are the same suit then you can only use three of your cards to make your hand. Any four card hand (ie one with four different ranks and suits) beats any three card hand.

Of course if you're comparing 3 card hands to each other the lowest one wins (IE 5677 beats 3389).

Sometime you'll only be able to use two cards to make a hand if you have for example two hearts and two spades in you hand or two pair or three spades and a club. Any three card hand beats any two card hand. Similarly any 1 card hand loses to everything.

A little confusing, but not once you get the hang of it! We'll see what I can do.

Sunday, Shitty Sunday.

I won't leave you in suspense. 4 tournaments, 4 bricks.

In the first event which was SCOOP #1 I went down the tubes with AA. At one point I had my starting stack of 10K up to 15K, but was back down to 10k when the following hand came up.

The blinds were 150/300 and my opponent made it 600 under the gun. I reraised to 1,500 and he called. The flop came down 8 3 2 all clubs and I had the ace of clubs. He checked I bet 1,800 and he put me all in with 44 (with the 4 of clubs). 4 on the turn, no club, ace or 5 on the river and that was it. That was a very frustrating hand.

The second tournament was the FTOPS knockout. I did bust two players and picked up $80 in bounties. I don't know if I played this hand poorly, but I would have won a huge pot if I played it differently. We started that one with 5,000 chips and I was up to almost 15K when I got dealt QQ. I made it 600 to go and got called by the button and the small blind. The flop came down 9 high with two spades. I bet the pot which was 2,000, the button who had about 10K left called and the small blind moved all in for about 8K.

When the button smooth called me preflop I was thinking it could easily be AA or KK, and after he called my bet on the flop I couldn't think of what he could have that I could beat. Add in the other player raising us both and I thought it was time to bail out. It turns out the button had TT (he called the raise) and the other player had 87 of spades. The turn was a red ten and the river was a red queen. ACK!

I got it all the way up to 22K before coming back to earth. I drizzled away about 6K. Then with blinds of 250/500 the small blind raised to 1,500 and I put him all in for 10,000 with A9s. He called with AQ and I was down to 6,500.

On my final hand I had about 8,000 and went all in vs a raise to 1,500. I had KQs (which was a little thin given my opponents position) and he called me with AJ. The flop came with an A and a J. While the turn gave me a flush draw and some hope, the river was a blank.

That tournament felt like a wasted opportunity.

In SCOOP #2 I got KK twice, was able to reraise twice, but had to fold on A high flops after getting resistance twice. On my final hand I had about 5,500 and got dealt AQ in the small blind. I raised to 600 and got called. THe flop came down 6 7 3 and I bet out 1,200. My opponent put me all in. Given his stack size, my stack size and the flop texture I felt like his raise was total bullshit. I called and he showed me 89 which was more than I gave him credit for. The river came a 9 and that was it.

The FTOPS main event was also a wasted opportunity. Early on I made a straight on the turn when a player with KK got cute before the flop and then checked a set of kings on the flop. When I made my straight on the turn he bet I raised and he called. On the river he just blew all in, I called and took him out. I had my starting stack of 7,500 up to 16,000 after that one.

Later I won a few small pots, and then took out a short stack who went all in with AK vs my 55. I made a successful bluff at a big pot and found myself with 35,000 chips and in the top 100 of the 3,000 remaining players (we started with about 4,500).

Even after a few miscues I was in 429th of 2,300. Then I let someone double through me when I overplayed 99 and they had JJ. After that one I had 7k left and by that time the blinds were 250/500. I never recovered.

Update

Brick city in my first two tournaments of the day. Full details coming later.

The Race - Day 1

I ended up earning about 2,800 points on Day 1 of my quest to beat the shit out of Carbon poker's Race promotion. Coupled with day 0's 700 points I knocked out out the 250, 500, and 1,000 point milestones and got most of the way to the 2,000.

I found out a little bit of bad news about carbon poker in general. I thought I'd paid $350 in rake to get my 3,500 points, but because of my 35% rakeback deal I only generate points at 65% of the normal pace. I guess the good news is I paid over $500 in rake so when I got my daily rakeback payment I got close to $200 which was 35% more than I expected.

I didn't have a great day in the games losing $700 or so after being up $500 early, but there were two $10/$20s and two $5/$10's at one point which is promising.

The Race isn't going to be a huge as I thought, but it's still worth thousands of dollars and will be great motivations to get me working hard.

Big Sunday Action!

The FTOPS winds down today with $256 knockout, and the $640 main event while the SCOOP kicks off with $216 no limit 6-max and a standard $215 no limit hold'em.

SCOOP #1 is underway and looking at the structure this thing is going to take forever! 10,000 chips to start, 20 minute levels and blinds starting at 25/50, then 30/60, then 40/80, then 50/100 and so on. I'm thinking 6 or 7 hours to make the money and maybe 15-18 to win.

I registered late so I've only played 15 hands, but the tournament is an hour underway and I'm up to 13,830 after taking out someone who way overplayed a hand. I had about 9k and raised to 240 with TT. He moved all in for 4,000 which was clearly not a big hand. I snap called him, he showed me A9 and I managed to dodge an ace.

6,783 players to start, with a 1st place prize of $203,493 and the edge of the money at 1,020th place which pays $310.

Starting now (11 PT) is the Knockout on fulltilt. The FTOPS main event goes off at 3 PT and SCOOP #2 starts at 2.

Friday, April 30, 2010

The Race - Day 0

I took advantage of the fact that I'm on the west coast and played a little bit tonight on Carbon poker after the day changed over and it became May on Carbon time. Inexplicably, Carbon is on Central time! WTF is that about! When I logged on at 9 pacific ready to go I found out that I'd have to wait another hour to get started.

The good news is I played a few hundred hands and the games were fantastic. Granted it's Friday night, but all the regulars are there on Pokerstars and AP so I'm guess I'll see some of these jokers again.

I got off to a terrible start and my $1,700 Carbon roll was down to $700 at one point. But with a little luck and after I figured out that these clowns are all a bunch of whackjobs (think raising 24 or capping Q9s vs 2 players out of position), I got back to even before calling it a night.

I picked up 700 points which isn't a ton, but it's a start. Tomorrow I'm really going to put the heat on and see what I can do.

"The Race" Big Bucks for Me?

Carbon Poker (Carbon Poker? - yes Carbon Poker - not surprised you haven't heard of it) is running a promotion in May called "The Race." It is going to be a big deal for me.

I heard about Carbon Poker through the website that does my rakeback (rakebacknation.com) and I opened an account there in January with the hopes of getting some unqualified people to play head up against me. At the time there were very few if any limit games going on the site. But in April Carbon joined up with a bunch of poker rooms that were being run by various sports betting websites and now they have some actual traffic (those of you who read my tweets will know that I took $1,000 off two $10/$20 games there yesterday).

So what is this race all about? Well, like all poker websites carbon has a points system (and a VIP system with levels like pokerstars). The way it works is for every dollar you pay in rake you get 10 points. Pay $100 in rake, get 1,000 points.

The race is essentially 15 point milestones that each come with a cash prize. The lowest is 250 points and pays $2.50. As soon as you earn 250 points (or in other words pay $25 in rake) you get $2.50 in your account. The next level is 500. After you earn ANOTHER 500 points you get $5. Another 1,000 and you get $10 more dollars. There are actually 15 levels with the top level being 100,000 points which pays an insane $15,000.

They call it the race, because there are only a certain number of prizes at each level. The first level has 1,500, $2.50 prizes. The next level has 1,250 $5 prizes and so on.

Here is a chart with all of the levels (sorry this chart looks like shit! It didn't past very well!).

Level Points Prize Total Prizes
1 250 $2.50 1,500
2 500 $5 1,250
3 1,000 $10 1,000
4 2,000 $20 700
5 2,500 $30 600
6 3,000 $40 500
7 3,500 $70 400
8 5,000 $125 300
9 7,500 $200 200
10 10,000 $250 125
11 15,000 $750 75
12 25,000 $1,000 50
13 50,000 $2,500 25
14 75,000 $5,000 10
15 100,000 $15,000 5

So what are my chances of hitting all 15 levels? I'd say less than 1%. If you add it all up I'd have to pay $30,000 in rake to hit the top level. I've actually done that much in a month before. In fact in December 2008 on my way to Supernova Elite I paid about $45,000 in rake. But that was on pokerstars playing 6 $10/$20 games, many hours a day, 30 of 31 days that month (I lost over $10,000 that month). There just aren't that many games on Carbon poker and I don't want to torture myself like that again.

Last month I raked about $11,000 on AP and Cake combined without working too hard at it. That's kind of my baseline. I know I'm going to have to play $5/$10 games and even $3/$6 games which is going to be boring, but it should be worth it.

If I can rake $12,500 I'll pick up $5,002 in bonus money from this promotion alone. I'll also get a $1,000 bonus from rakeback nation when for raking more than $5,000 in a month and I'll get back 35% of whatever rake I pay as part of my rakeback deal. Add that up and it's $10,377!

But wait! There's more! If that wasn't enough Carbon poker has a ridiculously complex VIP system with various levels and rewards! A quick set of dirty calculations has me picking up an extra $2,000 by cashing in the points I earn and hitting other goofy ass milestones and parameters that they've set up.

So I'm going to pay $12,500 in rake and get back 99% of it. That's my plan.

If I go buck nuts and make it to $20,000 in rake which would be enough to hit level 14 of "The Race" I'll get about $23,000 in bonuses which is 115% rakeback!

Three things are going to hold me back and make it tough to do as much as I want. First and foremost is a potential lack of games. Right now there is one $10/$20 and three $3/$6 games. Nothing bigger or in between. If that line up was available 24/7 I think I could do it. Typically there has been at least one $10/$20 and one $5/$10 going the past few days with smattering of lower games. I'm hoping that I'll be able to help start more games since I'm willing to play heads up.

The second thing that's going to hold me back is money. Right now I have $1,700 in Carbon Poker and it's going to take me a few days to get more in. The only way for me to get money in there is through ewalletexpress.com. I can send money to ewallet from my bank, but I have to pay them 8.8% of whatever I deposit. Not a great option. The other way is to cashout from AP or Cake to ewallet and then send it over to carbon. I've started the process, but it's going to take a few days. So if I run bad at the start I could blow though my $1,700 and have to wait a day or two to resume play. Working for me in this regard is Carbon pays rakeback every day and I'll get the race prizes as soon as I earn them.

Third, the SCOOP. I might trim down my SCOOP schedule, but I'm still going to be playing one or two tournaments a day for two weeks.

Actually there is a 4th concern which is minute, but still there. And that it that I could have some competition for the prizes. I don't see anyway for 25 people to rake $12,500 on Carbon poker. There are hundreds who do that on pokerstars and fulltilt, but not on Carbon. I'm going to log on at minute 1 and start play to make sure I don't get jacked out of the first few prizes which I'm sure will be hit by the limiting number of players pretty quickly.

May is going to be a looooooong month, but I'm hoping it's a profitable one! Let's hope I have the mental fortitude to make this happen!

My WSOP 2023 Plans and Missions

After four and a half years working for StubHub I wrapped up my time there in March. I've been at the poker tables 3-4 days a week since...