Right now WCOOP event #12 $215 HORSE is underway. We started with 1639 entrants, first place of $72,116 and 176th place of $262. 3 hours in I'm struggling but still alive.
WCOOP event #13 $530 pot limit hold'em is also underway. That tournament started with 1,090 players 1st place of $117,175 and 153rd place of $872. I caught an early double up and have 5,300 chips while the average is just over 4,000.
Saturday, September 22, 2007
Friday, September 21, 2007
What the Hell is HORSE Anyway?
Here is what I wrote last year about HORSE for those of you who don't know what it is:
Most of you are thinking "What in God's name is HORSE and what does it have to do with poker?" The way HORSE works is, the tournament is played using 5 different forms of poker: (H)old'em, (O)maha hi-lo, (R)azz, 7-card (S)tud, and 7-card stud hi-lo (E)ight or better (sometimes called just stud hi-lo or stud-8). You start off with hold'em and after 30 minutes you switch to Omaha. The next round is razz, followed by stud and then stud-8. All of the games are played limit (as opposed to no limit or pot limit). Assuming you all know about hold 'em, razz, and 7-card stud from previous posts (you can read about Razz at www.fulltiltpoker.net/razz.php), I'll give you a brief run down of how you play Omaha and stud-8.
Omaha is actually short for Omaha hold 'em (as opposed to Texas hold'em). In Omaha, the betting and the way the cards come out is just like Texas hold'em except each player is dealt 4 cards. At the end of the hand, players must use EXACTLY TWO cards from their hand and EXACTLY THREE cards from the board to make their best 5 card hand. Sometimes this game is played where the best hand wins the whole pot, but it's usually played where the best hand and the worst hand split the pot (hence the hi-lo). You can use different cards to make your best high hand and your best low hand and aces are both the highest and lowest card. The only rule for making a low is you must use 5 unpaired cards 8 and below. Since you need to use three cards from the board, if there aren't three cards 8 and lower on the board it's impossible to make a low hand. In this case the high hand wins the whole pot. For example let's say you're dealt A K 2 5 with the A and K of hearts and the board is 3 6 8 K Q with 3 hearts. You're best high hand is the flush using the AK and your best low hand is 8632A using the A2. In this case you should win the whole pot, since you have the "nut high" and the "nut low." But if someone else had an A and a 2 among their 4 cards then you'd get the high half of the pot and split the low half with the other player who also had 8632A as their low hand. Confused yet?
Stud-8 is also a game where the highest hand and the lowest hand split the pot. It works just like 7-card stud and razz in terms of how the cards come out and the way the betting takes place. Also as you may have guessed by the name, in order to win the low half of the pot you have to have 5 unpaired cards 8 and below. In both Omaha and Stud-8 straights and flushes don't count against you in terms of making a low hand. For example A 2 3 4 5 is the best possible low hand, but it's also a straight which will often times will be the best high hand as well.
The bottom line is I'll be playing 5 different games, in one tournament with the limits going up every half hour and the game changing every half hour. I'm hoping since I'm familiar with all of the games I'll be able to beat anyone who's only comfortable with 2 or 3.
While this may seem like a funky gimmick (and it sort of is), there was a $50,000 HORSE event at this years (2006) WSOP. It only drew 142 players, but probably 98 of the top 100 tournament players in the world played and other than the main event it was maybe the most prestigious title to win.
So that's a little about HORSE!
Most of you are thinking "What in God's name is HORSE and what does it have to do with poker?" The way HORSE works is, the tournament is played using 5 different forms of poker: (H)old'em, (O)maha hi-lo, (R)azz, 7-card (S)tud, and 7-card stud hi-lo (E)ight or better (sometimes called just stud hi-lo or stud-8). You start off with hold'em and after 30 minutes you switch to Omaha. The next round is razz, followed by stud and then stud-8. All of the games are played limit (as opposed to no limit or pot limit). Assuming you all know about hold 'em, razz, and 7-card stud from previous posts (you can read about Razz at www.fulltiltpoker.net/razz.php), I'll give you a brief run down of how you play Omaha and stud-8.
Omaha is actually short for Omaha hold 'em (as opposed to Texas hold'em). In Omaha, the betting and the way the cards come out is just like Texas hold'em except each player is dealt 4 cards. At the end of the hand, players must use EXACTLY TWO cards from their hand and EXACTLY THREE cards from the board to make their best 5 card hand. Sometimes this game is played where the best hand wins the whole pot, but it's usually played where the best hand and the worst hand split the pot (hence the hi-lo). You can use different cards to make your best high hand and your best low hand and aces are both the highest and lowest card. The only rule for making a low is you must use 5 unpaired cards 8 and below. Since you need to use three cards from the board, if there aren't three cards 8 and lower on the board it's impossible to make a low hand. In this case the high hand wins the whole pot. For example let's say you're dealt A K 2 5 with the A and K of hearts and the board is 3 6 8 K Q with 3 hearts. You're best high hand is the flush using the AK and your best low hand is 8632A using the A2. In this case you should win the whole pot, since you have the "nut high" and the "nut low." But if someone else had an A and a 2 among their 4 cards then you'd get the high half of the pot and split the low half with the other player who also had 8632A as their low hand. Confused yet?
Stud-8 is also a game where the highest hand and the lowest hand split the pot. It works just like 7-card stud and razz in terms of how the cards come out and the way the betting takes place. Also as you may have guessed by the name, in order to win the low half of the pot you have to have 5 unpaired cards 8 and below. In both Omaha and Stud-8 straights and flushes don't count against you in terms of making a low hand. For example A 2 3 4 5 is the best possible low hand, but it's also a straight which will often times will be the best high hand as well.
The bottom line is I'll be playing 5 different games, in one tournament with the limits going up every half hour and the game changing every half hour. I'm hoping since I'm familiar with all of the games I'll be able to beat anyone who's only comfortable with 2 or 3.
While this may seem like a funky gimmick (and it sort of is), there was a $50,000 HORSE event at this years (2006) WSOP. It only drew 142 players, but probably 98 of the top 100 tournament players in the world played and other than the main event it was maybe the most prestigious title to win.
So that's a little about HORSE!
A Horse Satellite
I've made today a pretty half assed day and barely played at all. But I did decide to sit down and play 10 SNG's (mostly because I was bored) While I was doing that I decided to play in a turbo (5 minute limits) $77 satellite to tomorrow's $215 HORSE event. The thing I liked about this satellite is 1/3 of entrants won seats. Of course you have to risk a little more up front, but patience goes a long way when 1/3 of the field makes it to the money.
While I was certainly paying attention to what I was doing, I wasn't really looking at the tournament lobby. About 35 minutes in (when the blinds increased for the 7th time) I looked at the lobby and saw that I was in first place and we'd lost 40% of the field! From there I just cruised and was never in doubt of winning the seat. Add another $142 to the WCOOP coffers!
While I was certainly paying attention to what I was doing, I wasn't really looking at the tournament lobby. About 35 minutes in (when the blinds increased for the 7th time) I looked at the lobby and saw that I was in first place and we'd lost 40% of the field! From there I just cruised and was never in doubt of winning the seat. Add another $142 to the WCOOP coffers!
WCOOP Event#9 Recap
WCOOP Event#9 $215 with rebuys was an interesting tournament. We started with 3,000 chips with the option to immediately buy 3,000 more for $200 (and the option to do the same anytime we fell below 3,000 chips). Being able to effectively reenter the tournament if you run out of chips makes some players play wildly aggressive during the rebuy period (the first hour only). If you play enough hands, eventually you'll run into a streak where you win a few in a row and you'll end up with more chips than you would have otherwise. Having a big stack later in the tournament means not only can you survive several hands where you have some bad luck, but it also allows you to put pressure on other players with fewer chips. The biggest problem with the wild strategy is sometimes you do 10-15 rebuys (or more) and don't end up with more chips than the people who did one or two.
My plan was to go the other way. Keep my investment low and play more conservatively. My chances of making the money or going deep would be reduced, but so would the amount of money I had at risk.
I pretty much folded every hand for the 1st half an hour and then I picked up QQ in the big blind. The blinds were 10/20 (very small compared to the number of chips in play) A player in early position raised to 100, another player called and I reraised to 300. Both other players called and the flop came down J 5 3. I bet 800 expecting to take the pot, but to my surprise BOTH players called. The turn was a 6 and I moved all in for my remaining 1,800 or so chips. Again BOTH players called. Yikes! The river was an 8 which was a great card. I was all in but the other players still had chips. They both checked which was a good sign for me and when the cards got turned over one of them had T3 (really!) and the other had KJ. I was up to about 8,800 chips and off to a great start.
I cruised at about this level until the end of the rebuy period where I elected to pay $200 to do the add on and get another 5,000 chips. At this point I had 14,465 chips. The tournament prize pool of over 1.3 millions dollars had come from 2,188 entries, 2,852 rebuys and 1574 add ons. I did the math to determine my equity and calculated that my chip stack was now worth $939.60. This was pretty good since i won my initial buy in via satellite and was only in for $248.
I saw that first place was $259,533, but I was more interested in the fact that 270th (the edge of the money) paid $1,323! Usually just making it to the money is only good enough to get your initial investment back, but in this case it would be more than 5 times what I'd put into the event and almost $1,100 in profit.
After the rebuys were done the blinds were still only 25/50. With almost 15,000 chips and 30 minute limits I knew I had a long, long, long time before I was going to be facing any blind pressure. I took this opportunity to play a lot of hands if I could get in for the minimum. Losing 50 chips was nothing and if I could really connect with a flop I might be able to win a few thousand.
Of course the downside of the strategy is sometimes you hit the flop hard and still have the second best hand. This happened to me a few times and I found myself with about 10,000 chips at the end of the second hour. I recall that I moved from 10,000 to 20,000 in a pretty short time by winning two pots where I netted about 5,000 each, but I've forgotten the details.
With blinds of 100/200 I picked up QQ in the big blind again hoping to get some action. One player in middle position raised to 600 and I reraised to 1,600. The flop came down 7 3 2 which looked like a great flop. I bet 2,400 into the 3,300 chip pot and my opponent (who had about 20,000 chips also) just called. Mentally I called for another deuce and that's just what came on the turn. I was almost positive that I had the best hand and I figured if I was up against a smaller pair or a hand like AK or AQ. I guessed that my opponent might fold if I bet big again and if I had him beat that's not what I wanted.
On the other hand if I checked I might induce a bluff from AK or AQ or convince him that a mid sized pair was the best hand. If was behind I was going to lose all of my chips anyway so I checked. My opponent bet about 5,000 and I moved all in. He thought for a few seconds which made me even more confident that I was in good shape. Eventually he called and showed 88. The river was a K and I was up to 40,000 chips.
I stayed around 40,000 for a long, long time. In fact that's where I was two and a half hours later when the blinds had gone all the way up to 400/800 with an 80 chip ante. I hadn't been getting much in the way of cards, but my table was crazy tight and I'd been able to make up for getting no cards and a few minor mistakes by stealing the blinds once every 4 or 5 hands for hours.
Then I had a major misstep. I was on the button with 87 and raised to 2,400. The players in the blinds had folded at least 5 or 6 times straight to my raises so my cards were certainly not the reason I was raising. The player in the big blind made it 4,000 which I thought might mean AA or KK, but since I only had to put in another 1,600 to see the flop it was an easy call.
The flop came down Q 5 2 and my opponent checked. This convinced me even more that he had a huge hand and was trying to get me to bet it for him (since you'd never normally reraise and then check). I checked also and the turn came an A which put three clubs on the board. He checked again. I didn't really know what was going on, but I had to bet something here. I couldn't think of anything that he could have that somehow didn't connect, but two checks from your opponent means automatic bet in my school of thinking.
My best guess was he had KK, checked the flop as a slowplay and was now worried that I had an A (a very likely card for me to have since I came in raising). I bet about 5,000 into the 9,000+ chip pot. My opponent only had 10,000 left and he was such a weak player that I thought he might fold a hand like KK or JJ.
But he called. The river was a J and he checked again. I didn't really have any good options. My only hope now was that he had the K of clubs and would fold in order to save his remaining 5,000 chips. With 87 I couldn't beat anything and there was almost 20,000 in the pot. If I thought he'd fold more than 1 time in 5 it made sense to put him all in. I bet and he called with AJ. It was a weird hand and I was left thinking I should have folded before the flop and avoided the whole mess.
A few hands later when the blinds had gone up to 500/1000 with a 100 chip ante. I made another mistake. The player to my right who had about 15,000 and was also a weak player raised to 3000 in the cutoff. I was on the button with AT and I reraised to 8,000 hoping he would fold. Instead he moved all in. ACK! I knew I was in bad shape, but I had to put in another 7,000 to win the 24,000 that was already in the pot. My opponent showed QQ putting me at about 30% to win. The flop came T 4 4, the turn was a blank, but the river was another 10! Happily this was a mistake that worked out in my favor and I was back up to 40,000 (which was just about an average sized stack).
Then things got slow again and unfortunately a few of my opponents started playing back at me. I don't know if they started picking up hands, just got aggressive, or realized I wasn't going to commit a big chunk of my chips to one hand, but when I would raise more times than not I was getting reraised. My chip stack started to slip, the blinds kept getting bigger and I could feel my chances fading.
With blinds at 750/1500, over an hour after my hand with the QQ, I'd fallen to about 20,000 chips. and was in something like 290th out of 330 or so remaining players. I was getting fed up with folding hand after hand. I figured I needed to win one more pot to have enough to make it to the money so when I found myself in the big blind with 9T of clubs, I decided it might be a good time to take a chance.
Someone raised to a weird amount like 3,650 and I called. The flop came down T 6 4 all spades. I had no idea if my hand was good or not, and even if it was half the deck would be cards I didn't want to see on the turn. I was about 95% sure that if I checked my opponent would bet and I decided to just cross my fingers and hope I had the best hand. I checked, my opponent bet about the size of the pot and I moved all in for my few remaining chips (I actually had him just covered). I knew he'd be forced to call with anything, but I was shocked and pleased to see him turn over J8 with no spades! I won the pot and was close to 40,000 again.
It was time to put on the stall. My plan was to just fold just about every hand until I made the money, but with 275 players left I was faced with a tough decision. I was down to 26,000 chips after being eaten up by the blinds for a few rounds and with blinds of 1000/2000 and a 200 chip ante I picked up QQ. I was planning on moving all in when a player in front of me raised to 6,000. In a lesser tournament I would have moved all in for sure which means I probably should have here too. But my opponent had over 100,000 chips and he'd only have to risk 20,000 to win 37,000. I didn't want to risk my whole tournament which I'd been playing for 8 hours on this one hand. If I'd had KK or AA I would have gone for it for sure and I would have felt fine about folding JJ or AK. In the end after about 60 seconds of thought, I folded. I'm still not sure what I should have done.
The good news is, those last 5 players dropped and I made the money! In fact as soon as we made it I picked up AK and someone raised in front of me. I moved all in and they called me with A9. I flopped a K and was up to 48,000. The average stack was in the 80,000 range and I was in pretty good shape.
The blinds went up again and that's when I met my demise. With blinds of 1250/2500 the player to my right made it 6,000 to go in late position. I had AJ suited and about 50,000 in chips. Looking to win the 12,000+ chips in the pot and increase my stack by almost a quarter without a fight, I moved all in. Unfortunately my opponent instantly called me with AA and I was out in 209th place.
The good news is I moved up one more pay level and got paid $1,455 which was a profit of $1,207! This was a very pleasing result since I got in so cheap and I initially hadn't even had this event on my schedule. It also means I have a lot more leeway in what I want to do for the rest of the WCOOP. I dropped another $78 playing two satellites while writing this post (I'm still in one, but it doesn't look good), but right now my starting WCOOP bankroll of $2,000 has gone up to $2,640.80
Today was the $320 heads up matches which was my best result in the 2005 WCOOP when I finished 32 out of 1048, but I haven't felt good about my heads up play lately and I slept in too long to play any satellites. There was also $215 Razz (7 card stud for low) and I kind of wanted to play, but it's not really my game, so I figured if I could get in cheap I'd play.
Tomorrow is both the $215 HORSE and the $530 Pot limit hold'em. My best result in the 2006 WCOOP was in the HORSE event and both of my WSOP cashes are in pot limit hold'em so I have high hopes. Sunday is the $1,050 no limit hold 'em which I'm about 80% sure that I'll be playing. If I make the money in either tournament on Saturday I'll play on Sunday for sure or if I can have some satellite success that will also make it a certainty. I'll keep you posted.
My plan was to go the other way. Keep my investment low and play more conservatively. My chances of making the money or going deep would be reduced, but so would the amount of money I had at risk.
I pretty much folded every hand for the 1st half an hour and then I picked up QQ in the big blind. The blinds were 10/20 (very small compared to the number of chips in play) A player in early position raised to 100, another player called and I reraised to 300. Both other players called and the flop came down J 5 3. I bet 800 expecting to take the pot, but to my surprise BOTH players called. The turn was a 6 and I moved all in for my remaining 1,800 or so chips. Again BOTH players called. Yikes! The river was an 8 which was a great card. I was all in but the other players still had chips. They both checked which was a good sign for me and when the cards got turned over one of them had T3 (really!) and the other had KJ. I was up to about 8,800 chips and off to a great start.
I cruised at about this level until the end of the rebuy period where I elected to pay $200 to do the add on and get another 5,000 chips. At this point I had 14,465 chips. The tournament prize pool of over 1.3 millions dollars had come from 2,188 entries, 2,852 rebuys and 1574 add ons. I did the math to determine my equity and calculated that my chip stack was now worth $939.60. This was pretty good since i won my initial buy in via satellite and was only in for $248.
I saw that first place was $259,533, but I was more interested in the fact that 270th (the edge of the money) paid $1,323! Usually just making it to the money is only good enough to get your initial investment back, but in this case it would be more than 5 times what I'd put into the event and almost $1,100 in profit.
After the rebuys were done the blinds were still only 25/50. With almost 15,000 chips and 30 minute limits I knew I had a long, long, long time before I was going to be facing any blind pressure. I took this opportunity to play a lot of hands if I could get in for the minimum. Losing 50 chips was nothing and if I could really connect with a flop I might be able to win a few thousand.
Of course the downside of the strategy is sometimes you hit the flop hard and still have the second best hand. This happened to me a few times and I found myself with about 10,000 chips at the end of the second hour. I recall that I moved from 10,000 to 20,000 in a pretty short time by winning two pots where I netted about 5,000 each, but I've forgotten the details.
With blinds of 100/200 I picked up QQ in the big blind again hoping to get some action. One player in middle position raised to 600 and I reraised to 1,600. The flop came down 7 3 2 which looked like a great flop. I bet 2,400 into the 3,300 chip pot and my opponent (who had about 20,000 chips also) just called. Mentally I called for another deuce and that's just what came on the turn. I was almost positive that I had the best hand and I figured if I was up against a smaller pair or a hand like AK or AQ. I guessed that my opponent might fold if I bet big again and if I had him beat that's not what I wanted.
On the other hand if I checked I might induce a bluff from AK or AQ or convince him that a mid sized pair was the best hand. If was behind I was going to lose all of my chips anyway so I checked. My opponent bet about 5,000 and I moved all in. He thought for a few seconds which made me even more confident that I was in good shape. Eventually he called and showed 88. The river was a K and I was up to 40,000 chips.
I stayed around 40,000 for a long, long time. In fact that's where I was two and a half hours later when the blinds had gone all the way up to 400/800 with an 80 chip ante. I hadn't been getting much in the way of cards, but my table was crazy tight and I'd been able to make up for getting no cards and a few minor mistakes by stealing the blinds once every 4 or 5 hands for hours.
Then I had a major misstep. I was on the button with 87 and raised to 2,400. The players in the blinds had folded at least 5 or 6 times straight to my raises so my cards were certainly not the reason I was raising. The player in the big blind made it 4,000 which I thought might mean AA or KK, but since I only had to put in another 1,600 to see the flop it was an easy call.
The flop came down Q 5 2 and my opponent checked. This convinced me even more that he had a huge hand and was trying to get me to bet it for him (since you'd never normally reraise and then check). I checked also and the turn came an A which put three clubs on the board. He checked again. I didn't really know what was going on, but I had to bet something here. I couldn't think of anything that he could have that somehow didn't connect, but two checks from your opponent means automatic bet in my school of thinking.
My best guess was he had KK, checked the flop as a slowplay and was now worried that I had an A (a very likely card for me to have since I came in raising). I bet about 5,000 into the 9,000+ chip pot. My opponent only had 10,000 left and he was such a weak player that I thought he might fold a hand like KK or JJ.
But he called. The river was a J and he checked again. I didn't really have any good options. My only hope now was that he had the K of clubs and would fold in order to save his remaining 5,000 chips. With 87 I couldn't beat anything and there was almost 20,000 in the pot. If I thought he'd fold more than 1 time in 5 it made sense to put him all in. I bet and he called with AJ. It was a weird hand and I was left thinking I should have folded before the flop and avoided the whole mess.
A few hands later when the blinds had gone up to 500/1000 with a 100 chip ante. I made another mistake. The player to my right who had about 15,000 and was also a weak player raised to 3000 in the cutoff. I was on the button with AT and I reraised to 8,000 hoping he would fold. Instead he moved all in. ACK! I knew I was in bad shape, but I had to put in another 7,000 to win the 24,000 that was already in the pot. My opponent showed QQ putting me at about 30% to win. The flop came T 4 4, the turn was a blank, but the river was another 10! Happily this was a mistake that worked out in my favor and I was back up to 40,000 (which was just about an average sized stack).
Then things got slow again and unfortunately a few of my opponents started playing back at me. I don't know if they started picking up hands, just got aggressive, or realized I wasn't going to commit a big chunk of my chips to one hand, but when I would raise more times than not I was getting reraised. My chip stack started to slip, the blinds kept getting bigger and I could feel my chances fading.
With blinds at 750/1500, over an hour after my hand with the QQ, I'd fallen to about 20,000 chips. and was in something like 290th out of 330 or so remaining players. I was getting fed up with folding hand after hand. I figured I needed to win one more pot to have enough to make it to the money so when I found myself in the big blind with 9T of clubs, I decided it might be a good time to take a chance.
Someone raised to a weird amount like 3,650 and I called. The flop came down T 6 4 all spades. I had no idea if my hand was good or not, and even if it was half the deck would be cards I didn't want to see on the turn. I was about 95% sure that if I checked my opponent would bet and I decided to just cross my fingers and hope I had the best hand. I checked, my opponent bet about the size of the pot and I moved all in for my few remaining chips (I actually had him just covered). I knew he'd be forced to call with anything, but I was shocked and pleased to see him turn over J8 with no spades! I won the pot and was close to 40,000 again.
It was time to put on the stall. My plan was to just fold just about every hand until I made the money, but with 275 players left I was faced with a tough decision. I was down to 26,000 chips after being eaten up by the blinds for a few rounds and with blinds of 1000/2000 and a 200 chip ante I picked up QQ. I was planning on moving all in when a player in front of me raised to 6,000. In a lesser tournament I would have moved all in for sure which means I probably should have here too. But my opponent had over 100,000 chips and he'd only have to risk 20,000 to win 37,000. I didn't want to risk my whole tournament which I'd been playing for 8 hours on this one hand. If I'd had KK or AA I would have gone for it for sure and I would have felt fine about folding JJ or AK. In the end after about 60 seconds of thought, I folded. I'm still not sure what I should have done.
The good news is, those last 5 players dropped and I made the money! In fact as soon as we made it I picked up AK and someone raised in front of me. I moved all in and they called me with A9. I flopped a K and was up to 48,000. The average stack was in the 80,000 range and I was in pretty good shape.
The blinds went up again and that's when I met my demise. With blinds of 1250/2500 the player to my right made it 6,000 to go in late position. I had AJ suited and about 50,000 in chips. Looking to win the 12,000+ chips in the pot and increase my stack by almost a quarter without a fight, I moved all in. Unfortunately my opponent instantly called me with AA and I was out in 209th place.
The good news is I moved up one more pay level and got paid $1,455 which was a profit of $1,207! This was a very pleasing result since I got in so cheap and I initially hadn't even had this event on my schedule. It also means I have a lot more leeway in what I want to do for the rest of the WCOOP. I dropped another $78 playing two satellites while writing this post (I'm still in one, but it doesn't look good), but right now my starting WCOOP bankroll of $2,000 has gone up to $2,640.80
Today was the $320 heads up matches which was my best result in the 2005 WCOOP when I finished 32 out of 1048, but I haven't felt good about my heads up play lately and I slept in too long to play any satellites. There was also $215 Razz (7 card stud for low) and I kind of wanted to play, but it's not really my game, so I figured if I could get in cheap I'd play.
Tomorrow is both the $215 HORSE and the $530 Pot limit hold'em. My best result in the 2006 WCOOP was in the HORSE event and both of my WSOP cashes are in pot limit hold'em so I have high hopes. Sunday is the $1,050 no limit hold 'em which I'm about 80% sure that I'll be playing. If I make the money in either tournament on Saturday I'll play on Sunday for sure or if I can have some satellite success that will also make it a certainty. I'll keep you posted.
Thursday, September 20, 2007
You'll have to wait
I played a long, long tournament today and I'm too tired to write all the details, but it was an interesting event. I don't want to ruin the drama so you'll have to wait until tomorrow to find out what happened. I promise to have a post up by 5 pm at the latest, and will try to do it in the late morning or early afternoon.
On Dinner Break
I'm on dinner break in the WCOOP $215 with rebuys. I have 40,738 chips and the average stack is 39,501. I'm in 220th place and like my chance of making the money. Wish me luck! If you want to watch you can go to pokerstars.com, download the software and search for ACESEDAI by clicking on the "requests" section at the top and selecting "find a player".
WCOOP Event #9 Underway
We started event #9 ( $215 with rebuys) with 2,188 players. The prizes won't be displayed until the end of the rebuy period. The good news is I managed to win my initial buy in via satellite. I played two $8 with rebuys turbo satellites and managed to win a seat in one of them. So essentially I got into today's event for $48 instead of $215.
I also played three $60, 45 player tournaments and finished in 2nd in one ( I should have won this one - I had my opponent all in and was a 6.5 to 1 favorite with one card to come and I lost) and 3rd in another which made me about $750. I'm having a good day so far!
I also played three $60, 45 player tournaments and finished in 2nd in one ( I should have won this one - I had my opponent all in and was a 6.5 to 1 favorite with one card to come and I lost) and 3rd in another which made me about $750. I'm having a good day so far!
Wednesday, September 19, 2007
An Almost WCOOP Satellite
I pretty much took the day off today, but while sitting around on the couch I couldn't help but play a tournament or two. My only WCOOP related action was an $80 satellite to Sunday's $1,050 NL tournament.
We started with 66 players with the top 4 winning a seat. This wasn't a turbo tournament and with 15 minute limits it took a few hours for things to come to a head. With 14 players left the average stack was just over 7,000 and I had 6,500 chips. The blinds were 300/600 with a 50 chip ante when I picked up AQ of diamonds in early position. I raised to 1,800 and one player called behind me. The flop came down QJ9 with two clubs.
I had mixed feelings about this flop. On one hand I had top pair with top kicker. On the other with a bunch of big cards bunched close together I could be against a better hand or a big draw. I bet 2,400 figuring I might get action from a hand like AJ, AK, KQ or any hand with a T or two clubs. If I was up against a hand that had me beat, there was nothing I could do.
Unfortunately my opponent who had about 6,000 chips at the start of the hand moved all in and even though I didn't really like my hand any more I was committed to the hand since I'd already put so many chips in the pot. Sadly my opponent flipped over AA and took down the pot when no help came for me.
While only the top 4 spots paid $1,050, 5th-11th paid $80 and 12th paid $58. I was down to about 500 chips (less than one big blind) and no one else was under 4,000 so I figured the chance of losing 2 more opponents before I went broke was close to zero. But, then I picked up AA and my stack jumped to 1,700. A hand or two later I moved all in with KJ and got called by 66. I made a straight and was up over 4,000. Three people went broke, I stole the blinds a few times pushing my stack to over 6,000, and I thought I might stage a miraculous comeback.
Then I went broke. I moved all in with AT and ran into AK. Oh well. At least I got back the $80 that I invested.
We started with 66 players with the top 4 winning a seat. This wasn't a turbo tournament and with 15 minute limits it took a few hours for things to come to a head. With 14 players left the average stack was just over 7,000 and I had 6,500 chips. The blinds were 300/600 with a 50 chip ante when I picked up AQ of diamonds in early position. I raised to 1,800 and one player called behind me. The flop came down QJ9 with two clubs.
I had mixed feelings about this flop. On one hand I had top pair with top kicker. On the other with a bunch of big cards bunched close together I could be against a better hand or a big draw. I bet 2,400 figuring I might get action from a hand like AJ, AK, KQ or any hand with a T or two clubs. If I was up against a hand that had me beat, there was nothing I could do.
Unfortunately my opponent who had about 6,000 chips at the start of the hand moved all in and even though I didn't really like my hand any more I was committed to the hand since I'd already put so many chips in the pot. Sadly my opponent flipped over AA and took down the pot when no help came for me.
While only the top 4 spots paid $1,050, 5th-11th paid $80 and 12th paid $58. I was down to about 500 chips (less than one big blind) and no one else was under 4,000 so I figured the chance of losing 2 more opponents before I went broke was close to zero. But, then I picked up AA and my stack jumped to 1,700. A hand or two later I moved all in with KJ and got called by 66. I made a straight and was up over 4,000. Three people went broke, I stole the blinds a few times pushing my stack to over 6,000, and I thought I might stage a miraculous comeback.
Then I went broke. I moved all in with AT and ran into AK. Oh well. At least I got back the $80 that I invested.
Tuesday, September 18, 2007
A Sub Par Effort
I ended up finishing 710th in today's $215 limit hold'em WCOOP event. I felt like I played great and got plenty of good cards for the first two and half hours or so. I had my starting stack of 3,000 up to about 7,500 at one point and was liking my chances of making it to the money. Then my run of good cards dried up, I overplayed a few hands and I found myself with fewer chips than I started to tournament with. Eventually as the limits increased and I got very short short stacked, I was forced to make a move with KQ and wound up against AQ. No miracles materialized and my WCOOP day was over.
No one hand in particular stands out to me, but it seemed like in the third hour I got plenty of hands like AK, AQ or KQ and never managed to make a pair. One thing that's a little different about playing limit poker tournaments is good luck early doesn't do much of anything for your overall chances (of course in no limit it's better to be lucky later on as well, but it's MUCH easier to make significant headway in the early rounds). If I'd had the crappy cards and bad luck in the first hour and the run of big pocket pairs and other solid cards that I had in the first hour in the third or fourth hour, then not only would I still be playing but I'd be in great shape.
In other poker news, I had one good result today and another almost. I played a few $60, 45 player turbo tournaments today and managed to win one outright. When we were down to 7 players everyone was about even. Then I busted two people and found myself with an overwhelming chip lead. At one point playing 5 handed I had 45,000 chips while all four of my opponents combined had 22,500. It was easy to grind them down and my victory was almost never in doubt. 1st place paid $770, but that was just one of seven $60 tournaments that I played so it's really not that exciting. It was fun though.
The almost came in a $22 with rebuys tournament. We started with 423 players and when we were down to 19 I had about 70,000 chips with the average stack around 50,000. I was in the big blind with A9 and blinds of 2,000/4,000. The small blind had about 30,000 and moved all in. I figured he could have just about anything and this was a good spot to take a risk. I called and he showed me J8. I was good until the river when an 8 showed up.
On the very next hand I was in the small blind with my remaining 40,000 chips and AK suited. The same guy moved all in (which was a little excessive) with QT. I instantly called. A 10 came on the flop and I was out in 19th. If I'd been able to win the first pot I would have been in 4th chip position and the second one would have put me in 7th or 8th. Either way I'd be in great shape to make the final table where first place paid $4,500 and anything in the top 5 was worth at least $900. Instead I only profited $56 (one more spot would have paid another $50 - not huge money, but enough to be annoyed about).
A few other things about this tournament irritate me a little. First of all it's not like the hands I lost to were anything special. Probably 80% of players would have just folded BOTH of them before the flop which would have saved me. Secondly it sucks to play 300+ hands over the course of more than 4 hours and get snapped off in two hands where you're ahead back to back after all that time. I guess I've had worse things happen to me 1,000 times in my poker career so it's really not a big deal, but it's never fun.
The best news is it seems like I'm really hitting my stride. Finishing 19th out of 423 and 1 of 45 is pretty good even if I didn't have a huge day monetarily (I won a few hundred though). If feel like if I keep giving myself chances I'll make more final tables and have more big pay days.
My next WCOOP action is going to be $215 no limit hold 'em with rebuys on Thursday. Here's a brief description of how rebuy tournaments work in case some of you aren't familiar with them. As long as you have the number of chips you stared with or less, you can buy more chips for the same cost as the original tournament buy in, less the juice. So in this case we'll start with 3,000 chips. Anytime I have 3,000 chips or less I can buy another 3,000 for $200. At the end of the first hour all players regardless of their chip stack can do a special rebuy called an"add on" where they get 5,000 chips for $200.
The classic strategy in rebuy tournaments is to rebuy as soon as you sit down and buy more chips any time it's legal to do so. Furthermore it almost always makes sense to do the add-on. If that's your plan you're looking at at least $615 and usually more like $815 or $1015. I still have $1,515.60 of the $2,000 bankroll that I have earmarked for the WCOOP and I'd like to hang on to as much as I can, so I'm going to play a little more conservatively. I'm just going to do the initial buy in and the add on. I'll have slightly fewer chips than most of my opponents, but I should get in for $415. If I go broke once early I'll do one rebuy and end up in for $615, but in the unlikely event that I go broke twice early, I'm just going to surrender.
I really want to play the $1,050 NL event next Sunday because 1st place in that event is going to be $500,000+ , but unless I make the money in one of these early event's I won't be able to swing it. I'm going to play $215 HORSE and $530 pot limit hold'em on Saturday for sure and I'm hoping I can at least make the money in one of those or Thursday's event. If not I'll probably take whatever I've got left and try to get in the $1,050 via satellite.
No one hand in particular stands out to me, but it seemed like in the third hour I got plenty of hands like AK, AQ or KQ and never managed to make a pair. One thing that's a little different about playing limit poker tournaments is good luck early doesn't do much of anything for your overall chances (of course in no limit it's better to be lucky later on as well, but it's MUCH easier to make significant headway in the early rounds). If I'd had the crappy cards and bad luck in the first hour and the run of big pocket pairs and other solid cards that I had in the first hour in the third or fourth hour, then not only would I still be playing but I'd be in great shape.
In other poker news, I had one good result today and another almost. I played a few $60, 45 player turbo tournaments today and managed to win one outright. When we were down to 7 players everyone was about even. Then I busted two people and found myself with an overwhelming chip lead. At one point playing 5 handed I had 45,000 chips while all four of my opponents combined had 22,500. It was easy to grind them down and my victory was almost never in doubt. 1st place paid $770, but that was just one of seven $60 tournaments that I played so it's really not that exciting. It was fun though.
The almost came in a $22 with rebuys tournament. We started with 423 players and when we were down to 19 I had about 70,000 chips with the average stack around 50,000. I was in the big blind with A9 and blinds of 2,000/4,000. The small blind had about 30,000 and moved all in. I figured he could have just about anything and this was a good spot to take a risk. I called and he showed me J8. I was good until the river when an 8 showed up.
On the very next hand I was in the small blind with my remaining 40,000 chips and AK suited. The same guy moved all in (which was a little excessive) with QT. I instantly called. A 10 came on the flop and I was out in 19th. If I'd been able to win the first pot I would have been in 4th chip position and the second one would have put me in 7th or 8th. Either way I'd be in great shape to make the final table where first place paid $4,500 and anything in the top 5 was worth at least $900. Instead I only profited $56 (one more spot would have paid another $50 - not huge money, but enough to be annoyed about).
A few other things about this tournament irritate me a little. First of all it's not like the hands I lost to were anything special. Probably 80% of players would have just folded BOTH of them before the flop which would have saved me. Secondly it sucks to play 300+ hands over the course of more than 4 hours and get snapped off in two hands where you're ahead back to back after all that time. I guess I've had worse things happen to me 1,000 times in my poker career so it's really not a big deal, but it's never fun.
The best news is it seems like I'm really hitting my stride. Finishing 19th out of 423 and 1 of 45 is pretty good even if I didn't have a huge day monetarily (I won a few hundred though). If feel like if I keep giving myself chances I'll make more final tables and have more big pay days.
My next WCOOP action is going to be $215 no limit hold 'em with rebuys on Thursday. Here's a brief description of how rebuy tournaments work in case some of you aren't familiar with them. As long as you have the number of chips you stared with or less, you can buy more chips for the same cost as the original tournament buy in, less the juice. So in this case we'll start with 3,000 chips. Anytime I have 3,000 chips or less I can buy another 3,000 for $200. At the end of the first hour all players regardless of their chip stack can do a special rebuy called an"add on" where they get 5,000 chips for $200.
The classic strategy in rebuy tournaments is to rebuy as soon as you sit down and buy more chips any time it's legal to do so. Furthermore it almost always makes sense to do the add-on. If that's your plan you're looking at at least $615 and usually more like $815 or $1015. I still have $1,515.60 of the $2,000 bankroll that I have earmarked for the WCOOP and I'd like to hang on to as much as I can, so I'm going to play a little more conservatively. I'm just going to do the initial buy in and the add on. I'll have slightly fewer chips than most of my opponents, but I should get in for $415. If I go broke once early I'll do one rebuy and end up in for $615, but in the unlikely event that I go broke twice early, I'm just going to surrender.
I really want to play the $1,050 NL event next Sunday because 1st place in that event is going to be $500,000+ , but unless I make the money in one of these early event's I won't be able to swing it. I'm going to play $215 HORSE and $530 pot limit hold'em on Saturday for sure and I'm hoping I can at least make the money in one of those or Thursday's event. If not I'll probably take whatever I've got left and try to get in the $1,050 via satellite.
WCOOP Event# 7 Start
WCOOP event #7 ($215 limit hold'em) started with 2,059 entrants 1st place of $80,795, 5th place of $18,407, 18th place of $2,347, 63rd place of $947 and 270th place of $411. The best thing about limit hold'em tournaments is you can't go broke on one hand early. In fact you'd really have to try to go broke during the first 2 hours. The downside is they feel like they take forever since not much happens at the beginning. I'll let you know how it all went down.
Monday, September 17, 2007
The Deal Making Thought Process
When I was playing my tournament on Saturday I had my good friend Matt (who is also a professional poker player) on the phone with me for the entire final table. When I mentioned suggesting a deal to the other players he pretty strongly advised me against it. Yesterday I got an e-mail from E.B. who is a former poker pro questioning my decision to make a deal also. We had a bit of a back and forth that I thought was worth posting which may address some similar questions that other people might be having as well.
Here's what E.B wrote:
I would estimate that more than half of the time I make it to heads up in the scenario in quention my opponents would bust one another rather than me busting one of them since they're likely to play looser than me. If that's true I'd have a greater than normal chance of finishing in second, but a lesser chance of winning outright. If that happened I'd be severely out chipped going into heads up play which would put me at much less than 50% to win.
I do think the notion of "If the deal is good for them, it must be bad for me" is a fair point. But I think a more fair description is, we're all agreeing to a deal that is neutral so none of us faces a negative outcome.
Interestingly enough, while my vast experience playing 3 handed is a strong asset in the situation in question, it's also what makes me want to make deals. I've been screwed so many times when I was sure I had first place locked up, that I know first hand how quickly things can go sour.
My next WCOOP event ($215 limit hold 'em) is tomorrow (Tuesday). For every WCOOP event they have a "second chance" tournament with the same game and structure that starts about 3 hours after the initial tournament goes off. Usually the second chance tournament is $215 regardless of the buy in of the initial event. In the past I've had great success playing this size tournament when it's limit hold 'em. I'd give it a 50% chance that I'll play the second chance event which I will count as WCOOP related as far as people who have a piece of my action are concerned. I'll let you know what happens.
Here's what E.B wrote:
First of all, congratulations… well done!
I just read your blog and I am wondering about the split. The chance of the short stack going belly-up pretty quick is obviously quite high. If you assume he is going to go broke (not a given, clearly), you’re risking $2500 to lock up $1300, and that is not even counting your slight chip advantage. Why do you think that was a good split for you?
I am not judging your decision; it was certainly yours to make. In fact, I am not even saying I think it is a mistake. Really I am just curious to understand your deductive process (which may have just been simply “I’ve had a rough run… ship the money and let’s not screw around”)
All in all, having to worry about whether you’re getting the best possible result out of your splits is kind of like having to pay a shitload in taxes: it isn’t a horrible problem to have. So keep it up; if you make $50K in September, we’ll come babysit so you guys can go out and celebrate. And in the meantime, enjoy having a 5 figure month when it’s halfway through!
EB
I think the biggest flaw with you're argument is the notion that the player with 200K is dead. He had over 6X the big blind (blinds of 15,000/30,000) which is plenty to maneuver with. If he doubles through me once we're both at 400K and the other player is at 600K. If the player who is roughly even with me (it was 590,000 to 600,000 which means I had him by 1/3 of one big blind or 1/5 of the smallest possible pot- effectively no advantage at all) gets me in just one hand I'm out. Even if no one doubles through me, if I go card dead for even a few hands or if my opponents pick up a strong run of cards everything could change. Three handed play is VERY volatile.
If you look at the precise numbers 3rd was $3,950, 2nd was $6,375, first was $10,125. and I got paid $7,670. In my mind I was risking $3,720 to win an additional $2,455 and needing to beat two opponents to do so.
If you would guess that if we were to run the tournament out 100 times and I could score 55 wins, 35 seconds and 10 thirds (a bit of a stretch that would require total domination) then I'd win $8,195 on average. If the ratio was 45/40/15 I'd average $7,699. If it dropped to 40/35/25 I'd be looking at $7,268. Clearly by taking the deal I wasn't giving up much equity even if I was WAY better than my opponents. If I was only slightly better than them I might have even been better off with the deal.
But the real issue comes down to locking up the money when things haven't been going well. If I played it out and didn't take the deal I'd be pissed with anything less than first. I'd feel like I threw away $1,300 if I finished in 2nd and I'd be spitting mad for the rest of the day if not the rest of the month with a 3rd place finish. If I was a very professional, logical player I know that I shouldn't factor that into the equation and should take any edge I can find, but in practice that's not how I operate.
Another thing to consider is bankroll. I don't have the bankroll to be playing something with as much fluctuation as 3 handed play with huge blinds for thousands of dollars even if I was certain I had a significant edge. Even though all the results are much better than I could have hoped for when the tournament started it still comes down to three handed play with a $6,000 difference between 1st and 3rd.
Now that I have all of that out of the way I can say that I was on the phone with Matt for the entire final table and he STRONGLY advised me to NOT make a deal. His logic, which was completely sound, is that there was no way in hell the other guys had as much experience playing 3 handed with large blinds as I do. I do feel like a little bit of a pussy, but when you factor in the emotional risk/reward to the monetary aspect, the deal makes even more sense.
Here's EB's reply to my reply:
I disagree with the possible outcomes you considered. I think 50%-55% first-place finishes would be a reasonable (but high-end of reasonable, obviously) expectation for you if you all three had the same stack. Another way I look at it is the same way I’d consider buying a used car: if the other guy loves the deal, it can’t be that great for me. Using that (admittedly simple) analysis, if you were the short stack, do you think you’d have been happier with this deal than you were as the big stack (or one of them)?
But that is all math (and somewhat questionable math at that). Obviously I understand, intellectually, that there is a difference (beyond the dollars) in the effect, on your state of mind, of coming off of a 3-way split that you took the lion’s share of and taking second or third place. However, I think it is hard to comprehend the magnitude of that effect, even for me, let alone for somebody who has never won or lost a month’s expenses in an hour.
Right now, I am sure you are playing your A-game, without much chance of being easily frustrated by short-term negative results, and you are probably once again enjoying playing (I’d imagine that after a week or two of getting your nuts slammed in the door it is almost like “Do I have to do this again?”.) I literally can’t even begin to calculate the dollar value of that change, so that being said, I definitely do understand your decision, and it DOES seem reasonable.
EB
I'll post my latest comments here. First of all I think this has been a helpful dialogue for me and I want to thank EB for getting it started. I have had my doubts about making this deal, the deal I made last week in the 1,870 player tournament, and many other deals in the past. Thinking through the details and possible outcomes a little more has given me more confidence that at the very least I didn't do something significantly wrong in this case.
I would estimate that more than half of the time I make it to heads up in the scenario in quention my opponents would bust one another rather than me busting one of them since they're likely to play looser than me. If that's true I'd have a greater than normal chance of finishing in second, but a lesser chance of winning outright. If that happened I'd be severely out chipped going into heads up play which would put me at much less than 50% to win.
I do think the notion of "If the deal is good for them, it must be bad for me" is a fair point. But I think a more fair description is, we're all agreeing to a deal that is neutral so none of us faces a negative outcome.
Interestingly enough, while my vast experience playing 3 handed is a strong asset in the situation in question, it's also what makes me want to make deals. I've been screwed so many times when I was sure I had first place locked up, that I know first hand how quickly things can go sour.
My next WCOOP event ($215 limit hold 'em) is tomorrow (Tuesday). For every WCOOP event they have a "second chance" tournament with the same game and structure that starts about 3 hours after the initial tournament goes off. Usually the second chance tournament is $215 regardless of the buy in of the initial event. In the past I've had great success playing this size tournament when it's limit hold 'em. I'd give it a 50% chance that I'll play the second chance event which I will count as WCOOP related as far as people who have a piece of my action are concerned. I'll let you know what happens.
Saturday, September 15, 2007
Another FANTASTIC Day
For those of you who have a sliver of my WCOOP action I'm sorry to say that the good poker news I have is not WCOOP related. In fact I dropped another $161 playing satellites to Sunday's $530 event.
But I did have a major result in the Supernova Freeroll. For those of you who don't know Supernova refers to my level of VIP status on pokerstars. There are 6 levels: bronze, sliver, gold, platinum, supernova and supernova elite. The lower 4 levels are based on the amount that you play in a given month and the top two are based on how much you play in a calender year. Of the 9 million people who have pokerstars accounts there are less than 10 who are supernova elite and I am one of the 1,500 or so players who are regular supernova. There are a variety of perks associated with each level but the one that matters as far as this post goes is the supernova freeroll.
Every Saturday at 11 am Pokerstars puts up a $50,000 prize pool for players who are supernova to fight over. The tournament has no entry fee and usually draws 750-1,000 players. I've had great success in the past in this tournament and I think I've made the money over 30% of the times that I've played (it might even be closer to 40%).
I suspect that the main reason for my success is that while all of the players are VERY experienced poker players, most of them are not multitable no limit hold 'em tournament specialists. The reason I suspect this is it would be almost impossible to earn enough points to become a supernova playing multitable tournaments. Probably at least half of the players are cash game players and most of the rest are SNG players. While they've almost certainly all played some NL hold'em, playing big tournaments is a very different skill set.
Now on to the point! Today we started with 923 players and as per usual I figured I'd have a better than average chance to pick up at least the free $80 that comes with a finish of 162nd or higher. I managed to double my 1,500 starting stack to 3,000 in the first 15 minutes, but struggled for a long time after that.
I was having trouble in the other tournaments I was playing and kept going broke with pairs to over cards. So when I moved my short stack all in with 44 with about 250 players left and got called by AQ I was thinking I was due for a winner. But an ace came on the flop and I went from a 53% favorite to a 10-1 underdog. Another A on the turn felt like the universe was just rubbing it in, but a 4 on the river saved the day!
I was in OK shape after that and when we hit the money I was right about average with around 8,000 chips. Then I really made some headway. I picked up AA and someone moved all in in front of me. After adding a few stolen blinds to proceeds of that pot I my stack ballooned to over 25,000.
A short while later I faced a major decision. With blinds of 600/1200 I raised to 3,600 from the button with AK of clubs. The player in the big blind had over 30,000 chips and to my surprise reraised all in! If he had a pair (which I thought was very likely) I would be a small underdog. But if he had a hand like AQ or AJ I would be about a 3-1 favorite. I figured with AA or KK (the only hands I really feared) he would have made a smaller raise or just called so I probably wasn't in terrible shape. While I didn't like risking my entire stack (that was more than twice average) on one hand, if you're going to go deep sometimes you just have to go for it. I called, my opponent showed AQ and my hand held up.
I vaulted into 3rd place overall and was one good pot away from 1st. I stayed patient, watched a little golf and let my opponents bust each other. If I got a good hand, I played and won. I managed to avoid any tough decisions and by the time we were down to about 35 players I had 80,000 chips while the average stack was close to 40,000.
Then I went card dead. I kept getting total garbage and at an aggressive table there wasn't much room to maneuver. I slowly saw my strong stack melt away. But, my opponents were still dropping and I was moving up the pay levels. 19th-27th paid $200, 14th to 18th paid $335 and 10 to 13th paid $445. We were stalled at 17 players for what felt like an eternity and almost everyone in the whole tournament had relatively equal chip stacks. Then 4 people went broke in a matter of 10 hands. Then 3 more went down in the following 20 hands. In what felt like a very short time we were playing at two tables of 5.
I was in dead last when we started playing 10 handed. I'd managed to keep my head above water picking up the blinds here and there, but I was constantly in danger of going broke. At my worst with blinds of 3000/6000 and a 300 chip ante I was down to 35,000 chips while the average had shot up to 138,000.
I moved all in with 87 of spades and stole the blinds and then I got a walk in the big blind so I was left with just under 50,000 on the button when the blinds went up to 4000/8000. The player to my right raised to 24,000 and I found myself with 88. "Hmmmmmmm" I thought. My first thought was "I have to call here. I'd be crazy to fold 88 at a 5-way table."
This was a key hand and for once I took my time making a decision. I was 100% sure I'd get called if I moved all in and I decided I might be able to find a spot where I was in better shape or someone else might go broke if I waited a few more hands. Folding was kind of a weak play and I think it was probably a mistake, but that's what I did.
Luckily I caught a break a few hands later. The next time I was on the button with my stack almost exactly the same size, the same player raised to 24,000 and I moved all in with A8. I'd been thinking about the hand where I had 88 and had come to the conclusion that I made a mistake. Even though my hand was weaker this time I decided to go for it. My opponent called with K2 and after nothing of significance showed up I took the pot.
I was in better shape, but no one else was really hurting. We’d been playing 10 handed for over 40 hands when I caught a big break on a key hand. I picked up A9 and was second to act with about 60,000 in chips and blinds still at 4000/8000. I moved all in and got called by a player who had about 90,000 chips. I knew I was in trouble and when he turned over AT (a 3-1 favorite over my hand) I saw a 10th place finish in my future.
I was up to over 130,000 and my opponent was left with around 30,000. On the next hand my crippled foe folded, but on the hand after that he moved all in. Everyone folded to me in the big blind. The blinds had gone up to 6000/12000 and I was forced to call with T7 of hearts since I was only risking about 18,000 to win a little over 50,000. My opponent had Q8, I managed to make a flush, we were down to 9, and I had almost 170,000 chips!
I was making nice headway at the final table. The blinds had gone up to 10,000/20,000 and I kept getting hands like KQ and AJ that were perfect for raising. Around this point I had 240,000 and the player to my right moved all in for 120,000. I had AJ in my hand which I easily could have called with. But I decided I might be able to find a better spot and I didn't want to risk half of my stack. I folded and a player behind me who had me covered called with AA and won the pot. If I'd played the hand I would have reraised the initial raiser and slammed head first into those pocked aces. I would have been forced to call a raise and would have gone broke. It turned out that the initial raiser had 98 of clubs and got paid $1,950 for 6th place.
A few hands later I had my stack up to 300,000 and I picked up AA in the big blind. As soon as I saw my cards my heart rate went up as I hoped someone would give me action. Aces are so powerful because NO MATTER WHAT you're opponent has you'll win 80% of the time against one player. To my delight the first player to act who had about 200,000 chips moved all in!
I instantly called and saw that he had 88. The flop came down 976 which was about the worst flop that didn’t have an 8 on it that I could imagine. But there were two spades and I had the ace of spades. Wanting a spade to kill some of my opponents outs I called out loud for the king of spades. BANG! The king of spades came on the turn! The river was a blank and my opponent took home $$2,450 for 5th place.
3rd place paid $3950, 2nd place was $6,300 and 1st was $10,150 so there was a big pile of cash to split up. I e-mailed support and 60 seconds later there was a Pokerstars representative there to help us with the deal. We decided to split the remaining money based on chip count and once again since I had the most chips I got the most money. When the math was done my end was $7,670!!!!
I could have fought it out and gone for the $10,000+ 1st prize, but I also could have ended up with less than $4,000 for finishing in 3rd. I figured locking up an extra $3,700 was the way to go.
This is my biggest win since early 2006 and the 6th biggest win of my career. Not bad for a tournament that cost me zero dollars to enter! The timing couldn’t be better and I couldn’t be happier about my win.
But I did have a major result in the Supernova Freeroll. For those of you who don't know Supernova refers to my level of VIP status on pokerstars. There are 6 levels: bronze, sliver, gold, platinum, supernova and supernova elite. The lower 4 levels are based on the amount that you play in a given month and the top two are based on how much you play in a calender year. Of the 9 million people who have pokerstars accounts there are less than 10 who are supernova elite and I am one of the 1,500 or so players who are regular supernova. There are a variety of perks associated with each level but the one that matters as far as this post goes is the supernova freeroll.
Every Saturday at 11 am Pokerstars puts up a $50,000 prize pool for players who are supernova to fight over. The tournament has no entry fee and usually draws 750-1,000 players. I've had great success in the past in this tournament and I think I've made the money over 30% of the times that I've played (it might even be closer to 40%).
I suspect that the main reason for my success is that while all of the players are VERY experienced poker players, most of them are not multitable no limit hold 'em tournament specialists. The reason I suspect this is it would be almost impossible to earn enough points to become a supernova playing multitable tournaments. Probably at least half of the players are cash game players and most of the rest are SNG players. While they've almost certainly all played some NL hold'em, playing big tournaments is a very different skill set.
Now on to the point! Today we started with 923 players and as per usual I figured I'd have a better than average chance to pick up at least the free $80 that comes with a finish of 162nd or higher. I managed to double my 1,500 starting stack to 3,000 in the first 15 minutes, but struggled for a long time after that.
I was having trouble in the other tournaments I was playing and kept going broke with pairs to over cards. So when I moved my short stack all in with 44 with about 250 players left and got called by AQ I was thinking I was due for a winner. But an ace came on the flop and I went from a 53% favorite to a 10-1 underdog. Another A on the turn felt like the universe was just rubbing it in, but a 4 on the river saved the day!
I was in OK shape after that and when we hit the money I was right about average with around 8,000 chips. Then I really made some headway. I picked up AA and someone moved all in in front of me. After adding a few stolen blinds to proceeds of that pot I my stack ballooned to over 25,000.
A short while later I faced a major decision. With blinds of 600/1200 I raised to 3,600 from the button with AK of clubs. The player in the big blind had over 30,000 chips and to my surprise reraised all in! If he had a pair (which I thought was very likely) I would be a small underdog. But if he had a hand like AQ or AJ I would be about a 3-1 favorite. I figured with AA or KK (the only hands I really feared) he would have made a smaller raise or just called so I probably wasn't in terrible shape. While I didn't like risking my entire stack (that was more than twice average) on one hand, if you're going to go deep sometimes you just have to go for it. I called, my opponent showed AQ and my hand held up.
I vaulted into 3rd place overall and was one good pot away from 1st. I stayed patient, watched a little golf and let my opponents bust each other. If I got a good hand, I played and won. I managed to avoid any tough decisions and by the time we were down to about 35 players I had 80,000 chips while the average stack was close to 40,000.
Then I went card dead. I kept getting total garbage and at an aggressive table there wasn't much room to maneuver. I slowly saw my strong stack melt away. But, my opponents were still dropping and I was moving up the pay levels. 19th-27th paid $200, 14th to 18th paid $335 and 10 to 13th paid $445. We were stalled at 17 players for what felt like an eternity and almost everyone in the whole tournament had relatively equal chip stacks. Then 4 people went broke in a matter of 10 hands. Then 3 more went down in the following 20 hands. In what felt like a very short time we were playing at two tables of 5.
I was in dead last when we started playing 10 handed. I'd managed to keep my head above water picking up the blinds here and there, but I was constantly in danger of going broke. At my worst with blinds of 3000/6000 and a 300 chip ante I was down to 35,000 chips while the average had shot up to 138,000.
I moved all in with 87 of spades and stole the blinds and then I got a walk in the big blind so I was left with just under 50,000 on the button when the blinds went up to 4000/8000. The player to my right raised to 24,000 and I found myself with 88. "Hmmmmmmm" I thought. My first thought was "I have to call here. I'd be crazy to fold 88 at a 5-way table."
This was a key hand and for once I took my time making a decision. I was 100% sure I'd get called if I moved all in and I decided I might be able to find a spot where I was in better shape or someone else might go broke if I waited a few more hands. Folding was kind of a weak play and I think it was probably a mistake, but that's what I did.
Luckily I caught a break a few hands later. The next time I was on the button with my stack almost exactly the same size, the same player raised to 24,000 and I moved all in with A8. I'd been thinking about the hand where I had 88 and had come to the conclusion that I made a mistake. Even though my hand was weaker this time I decided to go for it. My opponent called with K2 and after nothing of significance showed up I took the pot.
I was in better shape, but no one else was really hurting. We’d been playing 10 handed for over 40 hands when I caught a big break on a key hand. I picked up A9 and was second to act with about 60,000 in chips and blinds still at 4000/8000. I moved all in and got called by a player who had about 90,000 chips. I knew I was in trouble and when he turned over AT (a 3-1 favorite over my hand) I saw a 10th place finish in my future.
I was up to over 130,000 and my opponent was left with around 30,000. On the next hand my crippled foe folded, but on the hand after that he moved all in. Everyone folded to me in the big blind. The blinds had gone up to 6000/12000 and I was forced to call with T7 of hearts since I was only risking about 18,000 to win a little over 50,000. My opponent had Q8, I managed to make a flush, we were down to 9, and I had almost 170,000 chips!
I was making nice headway at the final table. The blinds had gone up to 10,000/20,000 and I kept getting hands like KQ and AJ that were perfect for raising. Around this point I had 240,000 and the player to my right moved all in for 120,000. I had AJ in my hand which I easily could have called with. But I decided I might be able to find a better spot and I didn't want to risk half of my stack. I folded and a player behind me who had me covered called with AA and won the pot. If I'd played the hand I would have reraised the initial raiser and slammed head first into those pocked aces. I would have been forced to call a raise and would have gone broke. It turned out that the initial raiser had 98 of clubs and got paid $1,950 for 6th place.
A few hands later I had my stack up to 300,000 and I picked up AA in the big blind. As soon as I saw my cards my heart rate went up as I hoped someone would give me action. Aces are so powerful because NO MATTER WHAT you're opponent has you'll win 80% of the time against one player. To my delight the first player to act who had about 200,000 chips moved all in!
I instantly called and saw that he had 88. The flop came down 976 which was about the worst flop that didn’t have an 8 on it that I could imagine. But there were two spades and I had the ace of spades. Wanting a spade to kill some of my opponents outs I called out loud for the king of spades. BANG! The king of spades came on the turn! The river was a blank and my opponent took home $$2,450 for 5th place.
3rd place paid $3950, 2nd place was $6,300 and 1st was $10,150 so there was a big pile of cash to split up. I e-mailed support and 60 seconds later there was a Pokerstars representative there to help us with the deal. We decided to split the remaining money based on chip count and once again since I had the most chips I got the most money. When the math was done my end was $7,670!!!!
I could have fought it out and gone for the $10,000+ 1st prize, but I also could have ended up with less than $4,000 for finishing in 3rd. I figured locking up an extra $3,700 was the way to go.
This is my biggest win since early 2006 and the 6th biggest win of my career. Not bad for a tournament that cost me zero dollars to enter! The timing couldn’t be better and I couldn’t be happier about my win.
Friday, September 14, 2007
An Early Exit
I ran my starting stack of 3,000 up to 4,500 early by winning a series of small pots, but after losing chips about 500 at a time with 99, AK and AQ I found myself back under 3,000. I slowly dribbled off more chips and found myself with just over 2,000 chips about and hour and 20 minutes into the tournament.
Then I picked up TT on the button and the first player to act raised the 50 chip big blind to 175. Two other players called which was uncharacteristic for our table. It was up to me next. I was most worried about the initial raiser since he could have a big hand. Since the other two players just called it was unlikely that they had a pair above TT. On the previous hand the initial raiser won a pot going all in on the flop with 66 one pair against another player who missed a draw so I knew he could have a small pair which would be the best case scenario for me.
I thought about just calling, but up against 3 opponents unless I hit a T on the flop I was probably done. There was 600 in the pot and I figured if I moved all in I would almost certainly win right there and increase my stack by 30%. Also I thought there was some chance I might get called by an underpair which would be perfect.
So I moved all in and instantly got called by the initial raiser. Yikes! When the cards got turned over and I saw that he had AK I was pretty happy. I thought with the speed that he called I was probably up against a big pair. I was about 55% to win the pot before the flop, but an A came on the flop and with no help on the turn or the river I was out in about 3,490th place.
My Next WCOOP event will be $215 Limit Hold'em on Tuesday at noon.
Then I picked up TT on the button and the first player to act raised the 50 chip big blind to 175. Two other players called which was uncharacteristic for our table. It was up to me next. I was most worried about the initial raiser since he could have a big hand. Since the other two players just called it was unlikely that they had a pair above TT. On the previous hand the initial raiser won a pot going all in on the flop with 66 one pair against another player who missed a draw so I knew he could have a small pair which would be the best case scenario for me.
I thought about just calling, but up against 3 opponents unless I hit a T on the flop I was probably done. There was 600 in the pot and I figured if I moved all in I would almost certainly win right there and increase my stack by 30%. Also I thought there was some chance I might get called by an underpair which would be perfect.
So I moved all in and instantly got called by the initial raiser. Yikes! When the cards got turned over and I saw that he had AK I was pretty happy. I thought with the speed that he called I was probably up against a big pair. I was about 55% to win the pot before the flop, but an A came on the flop and with no help on the turn or the river I was out in about 3,490th place.
My Next WCOOP event will be $215 Limit Hold'em on Tuesday at noon.
And We're Off!
Event #1 Started with 4,610 players and a total prize pool of $922,000. Just to give you an idea of some of the payouts. 1st place pays $172,875, 5th is $18,901, 12th is $6,454, 138th is $1,198 and 534th (the edge of the money) pays $369. I'll let you know what happened when it's over.
A Massive Flaw in the Plan and a few WCOOP Satellites
My quest for TLB supremecy has been totally derailed. Jake discovered while reading up on the TLB rules that only my top 10 results for a given week count towards the weekly TLB. ACK! I can't say that I'm really surprised or disappointed. This is certainly a case of if it sounds too good to be true then it probably is.
Of course I never would have played the $11, 1870 player tournament that I won without this little scheme so in the end it turned out to be wildly profitable!
This morning I played 6 WCOOP satellites. 3 of them were $8 with rebuys to win $215 seats, one was a $39 satellite to a $215 seat and two more were $16 double shootouts to win $530 seats. For those of you who don't know a shootout is when you start a tournament with many tables and each table plays until one player at that table has all the chips. Then the winners of each table come together and play at a new table. So for example, today in my $16 double shootout we started with 36 players split into 6 tables of 6. The 6 winners of the initial 6 tables then come together and play and the winner of that table gets the $530 entry. Of course the odds of you winning both your first table and the final table are slim (1 in 36 for the average player), but you get a shot at $530 for a $16 investment.
This style of tournament really suits my game since I've played so many SNG's, but for some reason I don't really seem to enjoy it despite some past success. In fact the first time I played a shootout the only reason I did so was because my friend Matt offered me a deal I couldn't refuse.
He offered to put up all the money and give me 25% of the profits in an 81 player $109 double shootout. Unlike in the satellite version I described above this was not a winner take all payout structure and the top 9 spots paid much like they would in a normal multitable tournament.
Since I was only getting a quarter of the profits of course I won the damn thing which made me about $600 and Matt about $1,800. To his credit Matt did take Jen and I out the next day and shelled out a big chunk of that $1,800 to buy us each a set of golf clubs as a wedding present. What a guy.
So what happened in my 6 satellites? Well when I started writing this post it looked like I was going to get shut out. But in my last of the $8 with rebuys I managed to pull out a victory. This means I'm ahead $72.60 so far in the WCOOP! Yep looks like it's time to retire.
More results coming later today.
Of course I never would have played the $11, 1870 player tournament that I won without this little scheme so in the end it turned out to be wildly profitable!
This morning I played 6 WCOOP satellites. 3 of them were $8 with rebuys to win $215 seats, one was a $39 satellite to a $215 seat and two more were $16 double shootouts to win $530 seats. For those of you who don't know a shootout is when you start a tournament with many tables and each table plays until one player at that table has all the chips. Then the winners of each table come together and play at a new table. So for example, today in my $16 double shootout we started with 36 players split into 6 tables of 6. The 6 winners of the initial 6 tables then come together and play and the winner of that table gets the $530 entry. Of course the odds of you winning both your first table and the final table are slim (1 in 36 for the average player), but you get a shot at $530 for a $16 investment.
This style of tournament really suits my game since I've played so many SNG's, but for some reason I don't really seem to enjoy it despite some past success. In fact the first time I played a shootout the only reason I did so was because my friend Matt offered me a deal I couldn't refuse.
He offered to put up all the money and give me 25% of the profits in an 81 player $109 double shootout. Unlike in the satellite version I described above this was not a winner take all payout structure and the top 9 spots paid much like they would in a normal multitable tournament.
Since I was only getting a quarter of the profits of course I won the damn thing which made me about $600 and Matt about $1,800. To his credit Matt did take Jen and I out the next day and shelled out a big chunk of that $1,800 to buy us each a set of golf clubs as a wedding present. What a guy.
So what happened in my 6 satellites? Well when I started writing this post it looked like I was going to get shut out. But in my last of the $8 with rebuys I managed to pull out a victory. This means I'm ahead $72.60 so far in the WCOOP! Yep looks like it's time to retire.
More results coming later today.
Thursday, September 13, 2007
Hitting the Tournament Leaderboard and a Big Win
Yesterday I started my mini quest to win the Pokerstars weekly tournament leader board (TLB) by playing as many $12, 180 entrant tournaments as possible. I ran into a little difficulty early both in terms of luck and logistics. It turns out that around 9 am the tournaments in question only go off about every 15 minutes so it's impossible to play the volume that I'd hoped. But I made up some of the slack by playing in a few other tournaments which turned out to be a VERY good idea.
I ended up playing 21 of the 180 player tournaments and had 4 money finishes and 1 final table, but the most significant result by far came in an $11 tournament that started with 1,870 players. I played in this tournament because it had 10 minute limits so while it would be slower than the turbo 180 player flavor, it would be much faster than a normal tournament with 15 minute limits. Also in going for TLB points it makes sense to play against the weaker competition at the low levels.
I had a fair run of luck to start and when we got down to about 60 people (remember we started with almost 1,900 so 60 left is pretty far into it) my chip stack was about 2/3 of average. I caught a few breaks, made some good plays and before I knew it we were down to two tables. I caught some more breaks, busted a few people and found that with 14 players left I was in 2nd place overall and the chip leader at my table with about 300,000 chips (we started the tournament with 1,500 so this was a real accomplishment).
This is when I really went to work. No one else at my table had more than 200,000 and they were all doing whatever they could to just survive to the final table. I raised about half of the hands, gradually accumulated chips and ground down my opponents. I knew I couldn't go broke on any one hand and I had to do whatever I could to make it to the top few spots. 18-10th places only paid $140 and 9th was a paltry $250 while 4th was over $1,000, 3rd was $1,550, 2nd was $2,500 and 1st was $4,100. Clearly it's worth taking some chances for a shot a the top spots.
When we got down to 9 players I was in 3rd place and I did my best to keep the pressure on my opponents who were all trying to hang on since every time a player was eliminated they'd be guarenteed an extra few hundred dollars.
My chips stack went up and down a little more than I'd like, but when we made it to 6 handed I caught a MAJOR break. I was in the small blind with about 500,000 chips, the short stack was on the button with about 120,000 chips and the big stack was in the big blind with 700,000 chips. The blinds were something like 15,000/30,000 and the short stack moved all in from the button. I had JJ and moved all in over the top. The big stack instantly called and I figured I was screwed. Sure enough he had AA. SHIT!
The other player had 33 and I thinking about the fact that at least I'd finish in fifth (which paid about $900) if we both went broke. Then...BOOM! J on the flop! I was up to 1.2 million in chips and in total control. The player who I'd just crippled went broke on the next hand and we were down to 3 players.
We played 3 handed for what felt like forever. Myself and one of the other players wanted to make a deal and split up the remaining prize money based on chip count (if you e-mail support they'll come to the table and make any deal official and handle the money), but the third player wasn't interested.
In fact the third player was totally nuts. On one hand he just called in the small blind (the blinds were 25,000/50,000) and I moved all in for 550,000 in the big blind with A8. He instantly called with J7! Luckily I won that hand, but I wanted to lock up as much money as I could rather than play 3 handed for some serious bucks against a totally unpredictable opponent.
He was so unpredictable that I just decided to be crazy aggressive when I got a good hand and hoped he made a mistake. At one point I had about 1,000,000, the nut job had about 1,100,000 and the other guy had about 600,000. The blinds were still 25,000/50,000 and I was first to act. I picked up 77 and moved all in. Normally this would be a major over bet (in this case it was certainly a minor over bet), but I thought he might call with a weak ace or an under pair (he'd risked all of his chips earlier with KT so it wasn't too much of a stretch).
It turned out that he did have a pair and sadly it was 88. He called, I swore and I knew I was pretty much done. The flop came with 3 spades and I had the 7 of spades (while my opponent had no spades) which brought a glimmer of hope. And then the turn came a 4th spade! AH HA! Take that you bastard! The river was a 7 (which I didn't need) and I took down the pot. I busted him a few hands later.
Now it was time to talk deal. We e-mailed support and a person showed up at the table in less than a minute. I'm pretty sure as a supernova my e-mails are flagged and I get priority service because that is just amazing.
After a little back and forth we agreed to a split roughly based on chip count and since I had most of the chips I got most of the money. My end was $3,620!!!!! That's some serious dough for an $11 investment!
We had to play it out for TLB points and I won that part too. I picked up about 900 points for that one tournament and at the end of the day found myself in 7th place on the weekly TLB about 700 points out of 1st! Today I'm continuing to generate more points and I like my chances of winning the TLB. I have until the end of Saturday and I'll keep you posted on my progress.
Also WCOOP starts tomorrow at noon pacific with $215 NL Hold 'em 6-handed. I'll certainly let you know what happens as far as that goes.
I ended up playing 21 of the 180 player tournaments and had 4 money finishes and 1 final table, but the most significant result by far came in an $11 tournament that started with 1,870 players. I played in this tournament because it had 10 minute limits so while it would be slower than the turbo 180 player flavor, it would be much faster than a normal tournament with 15 minute limits. Also in going for TLB points it makes sense to play against the weaker competition at the low levels.
I had a fair run of luck to start and when we got down to about 60 people (remember we started with almost 1,900 so 60 left is pretty far into it) my chip stack was about 2/3 of average. I caught a few breaks, made some good plays and before I knew it we were down to two tables. I caught some more breaks, busted a few people and found that with 14 players left I was in 2nd place overall and the chip leader at my table with about 300,000 chips (we started the tournament with 1,500 so this was a real accomplishment).
This is when I really went to work. No one else at my table had more than 200,000 and they were all doing whatever they could to just survive to the final table. I raised about half of the hands, gradually accumulated chips and ground down my opponents. I knew I couldn't go broke on any one hand and I had to do whatever I could to make it to the top few spots. 18-10th places only paid $140 and 9th was a paltry $250 while 4th was over $1,000, 3rd was $1,550, 2nd was $2,500 and 1st was $4,100. Clearly it's worth taking some chances for a shot a the top spots.
When we got down to 9 players I was in 3rd place and I did my best to keep the pressure on my opponents who were all trying to hang on since every time a player was eliminated they'd be guarenteed an extra few hundred dollars.
My chips stack went up and down a little more than I'd like, but when we made it to 6 handed I caught a MAJOR break. I was in the small blind with about 500,000 chips, the short stack was on the button with about 120,000 chips and the big stack was in the big blind with 700,000 chips. The blinds were something like 15,000/30,000 and the short stack moved all in from the button. I had JJ and moved all in over the top. The big stack instantly called and I figured I was screwed. Sure enough he had AA. SHIT!
The other player had 33 and I thinking about the fact that at least I'd finish in fifth (which paid about $900) if we both went broke. Then...BOOM! J on the flop! I was up to 1.2 million in chips and in total control. The player who I'd just crippled went broke on the next hand and we were down to 3 players.
We played 3 handed for what felt like forever. Myself and one of the other players wanted to make a deal and split up the remaining prize money based on chip count (if you e-mail support they'll come to the table and make any deal official and handle the money), but the third player wasn't interested.
In fact the third player was totally nuts. On one hand he just called in the small blind (the blinds were 25,000/50,000) and I moved all in for 550,000 in the big blind with A8. He instantly called with J7! Luckily I won that hand, but I wanted to lock up as much money as I could rather than play 3 handed for some serious bucks against a totally unpredictable opponent.
He was so unpredictable that I just decided to be crazy aggressive when I got a good hand and hoped he made a mistake. At one point I had about 1,000,000, the nut job had about 1,100,000 and the other guy had about 600,000. The blinds were still 25,000/50,000 and I was first to act. I picked up 77 and moved all in. Normally this would be a major over bet (in this case it was certainly a minor over bet), but I thought he might call with a weak ace or an under pair (he'd risked all of his chips earlier with KT so it wasn't too much of a stretch).
It turned out that he did have a pair and sadly it was 88. He called, I swore and I knew I was pretty much done. The flop came with 3 spades and I had the 7 of spades (while my opponent had no spades) which brought a glimmer of hope. And then the turn came a 4th spade! AH HA! Take that you bastard! The river was a 7 (which I didn't need) and I took down the pot. I busted him a few hands later.
Now it was time to talk deal. We e-mailed support and a person showed up at the table in less than a minute. I'm pretty sure as a supernova my e-mails are flagged and I get priority service because that is just amazing.
After a little back and forth we agreed to a split roughly based on chip count and since I had most of the chips I got most of the money. My end was $3,620!!!!! That's some serious dough for an $11 investment!
We had to play it out for TLB points and I won that part too. I picked up about 900 points for that one tournament and at the end of the day found myself in 7th place on the weekly TLB about 700 points out of 1st! Today I'm continuing to generate more points and I like my chances of winning the TLB. I have until the end of Saturday and I'll keep you posted on my progress.
Also WCOOP starts tomorrow at noon pacific with $215 NL Hold 'em 6-handed. I'll certainly let you know what happens as far as that goes.
Tuesday, September 11, 2007
Hijacking the Pokerstars Tournament Leader Board
Bear with me through a little background here, because the point of this post is VERY interesting (I think). Pokerstars has a weekly, monthly, and yearly tournament leader board (TLB) where the names of the players who have consistently done well in multitable tournaments are proudly displayed. While the monthly and yearly contests inexplicably have no prizes, the weekly winner gets a chance to play one of the "Team Pokerstars" celebrities (usually one of the 4 former world champions that endorse Pokerstars) heads up for a minimum of $1,000. If the celebrity wins the money carries over to the next week where another $1,000 is added. This continues until the TLB player wins and takes the cash.
So how do results in tournaments turn into the points with which the players are ranked on the TLB? It's really quite simple. Actually it's not. They use this ridiculous formula which spits out a point value for any result in the top 15% of finishers (I'll explain more below so don't bother trying to figure out what's going on with the formula).
You might think that since the best players play for the most money, buy in should be weighted most heavily. After all if you really want to know who the best players are, the best way to figure that out is to look at who has the best results at the highest levels. But it turns out that the effect of all those square roots and and logs is to make buy in much less significant than you might think. If it was linear you'd get 10 times as many points for winning a 100 player $200 buy in tournament than you would winning a 100 player $20 tournament. In fact you get 330 points for the former and 230 points for the latter. Clearly buy in is barely a factor at all.
The number of entrants makes a big impact, but it's also similarly deflated by the math. You get 230 for that 100 player $20 tournament, but you'd only get 729 for a $20 tournament with 1,000 players.
The place you finish is the last factor variable that determines how many points you get and while there's a drop off from 1st on down it's also not as big as you might guess. In our same $20 100 player tournament you'd get 230 for 1st, 163 for 2nd, 73 for 10th and 59 for 15th (out of the top 15% is zero).
If you put it all together you can see that the most important thing is to have a shit load of finishes in the top 15%.
So what does all this mean and what's the point? Well the point is if I play a slew of those $12 180 player turbo tournaments that I kicked ass in last Sunday I should be able to win the tournament leader board almost every week!
Pokerstars offers a little calculator that you can use to determine how many points you'd get for a given result in a given tournament and I looked at how many points every place in the top 15% (or the top 27 spots) generates. If I were to play 180 tournaments in a week and finish in places 1-27 exactly one time each I'd accumulate 2484 points. I'm certain I could do this much.
The tournaments take about an hour and 45 minutes to play to conclusion, but of course that's only if you take them all the way to the end. Conservatively, I would say on average each one might take me 45 minutes. So playing 6 at a time I could play 72 in an 8 hour day. But there's a little delay getting into 6 tournaments and a little down time at the end while you're waiting for your final tournaments to end and while they seem to be starting every 10 minutes there aren't as many as I want just waiting to be played so we'll call it 60 a day.
So if I play 60 a day, 6 days a week we've got 360 tournaments. If I was dead on average in terms of skill level (which we sure as hell know I'm not) and I had an average run of luck I'd generate 4968 points. The winner of the weekly TLB last week only had 3,293 points! In fact the person who had the most points in the entire month of August only had 6,980 points.
I suspect that since I'll usually be the absolute best and certainly always in the top 5 of the 180 players playing I can do quite a bit better than the average number of points I used for my calculations above.
So what now? Well this week the TLB leader from last week is playing the heads up match for $3,000. If he loses it means that next week, this weeks TLB winner will be playing for $4,000. Right now the weeks leader has 2,600 points, but what happens every week is the top players in the Sunday Million ($215 buy in, 7,000 players is a lot of points) jump to the top of the leader board and don't go much further. I've got about 1,000 points just from screwing around on Sunday and I've got 4 days left in the week, so I might go for it this week.
If everything I've calculated is correct I should be able to win almost every week until they stop running the $12 180 player tournaments or change the system. If either is the case I'll no doubt gain some degree of fame from the whole thing. At the very least I'm going to go balls to the wall tomorrow and see how many I can play and what my results are. I won another $500 today so I'm feeling pretty good about my play.
So how do results in tournaments turn into the points with which the players are ranked on the TLB? It's really quite simple. Actually it's not. They use this ridiculous formula which spits out a point value for any result in the top 15% of finishers (I'll explain more below so don't bother trying to figure out what's going on with the formula).
Points = 10 * [sqrt(n)/sqrt(k)] * [1+log(b+0.25)]
Where:
n is the number of entrants
k is the place of finish (k=1 for the first-place finisher, and so on)
b is the buy-in amount in dollars (excluding administrative fee). For freerolls the buy-in is $0, and for FPP tournaments 1 FPP is counted as $0.05.
You might think that since the best players play for the most money, buy in should be weighted most heavily. After all if you really want to know who the best players are, the best way to figure that out is to look at who has the best results at the highest levels. But it turns out that the effect of all those square roots and and logs is to make buy in much less significant than you might think. If it was linear you'd get 10 times as many points for winning a 100 player $200 buy in tournament than you would winning a 100 player $20 tournament. In fact you get 330 points for the former and 230 points for the latter. Clearly buy in is barely a factor at all.
The number of entrants makes a big impact, but it's also similarly deflated by the math. You get 230 for that 100 player $20 tournament, but you'd only get 729 for a $20 tournament with 1,000 players.
The place you finish is the last factor variable that determines how many points you get and while there's a drop off from 1st on down it's also not as big as you might guess. In our same $20 100 player tournament you'd get 230 for 1st, 163 for 2nd, 73 for 10th and 59 for 15th (out of the top 15% is zero).
If you put it all together you can see that the most important thing is to have a shit load of finishes in the top 15%.
So what does all this mean and what's the point? Well the point is if I play a slew of those $12 180 player turbo tournaments that I kicked ass in last Sunday I should be able to win the tournament leader board almost every week!
Pokerstars offers a little calculator that you can use to determine how many points you'd get for a given result in a given tournament and I looked at how many points every place in the top 15% (or the top 27 spots) generates. If I were to play 180 tournaments in a week and finish in places 1-27 exactly one time each I'd accumulate 2484 points. I'm certain I could do this much.
The tournaments take about an hour and 45 minutes to play to conclusion, but of course that's only if you take them all the way to the end. Conservatively, I would say on average each one might take me 45 minutes. So playing 6 at a time I could play 72 in an 8 hour day. But there's a little delay getting into 6 tournaments and a little down time at the end while you're waiting for your final tournaments to end and while they seem to be starting every 10 minutes there aren't as many as I want just waiting to be played so we'll call it 60 a day.
So if I play 60 a day, 6 days a week we've got 360 tournaments. If I was dead on average in terms of skill level (which we sure as hell know I'm not) and I had an average run of luck I'd generate 4968 points. The winner of the weekly TLB last week only had 3,293 points! In fact the person who had the most points in the entire month of August only had 6,980 points.
I suspect that since I'll usually be the absolute best and certainly always in the top 5 of the 180 players playing I can do quite a bit better than the average number of points I used for my calculations above.
So what now? Well this week the TLB leader from last week is playing the heads up match for $3,000. If he loses it means that next week, this weeks TLB winner will be playing for $4,000. Right now the weeks leader has 2,600 points, but what happens every week is the top players in the Sunday Million ($215 buy in, 7,000 players is a lot of points) jump to the top of the leader board and don't go much further. I've got about 1,000 points just from screwing around on Sunday and I've got 4 days left in the week, so I might go for it this week.
If everything I've calculated is correct I should be able to win almost every week until they stop running the $12 180 player tournaments or change the system. If either is the case I'll no doubt gain some degree of fame from the whole thing. At the very least I'm going to go balls to the wall tomorrow and see how many I can play and what my results are. I won another $500 today so I'm feeling pretty good about my play.
Monday, September 10, 2007
It's About Time!
A week ago my Pokerstars account was on total fumes and I was making plans to get my hands on some cash so I could switch to playing in person for a while. Then I actually ran into some good luck!
On Saturday I won about $700 playing a mix of SNG's and cash games and on Sunday I was planning to watch football all day and play a few low limit multitables. I saw that they just started running these turbo (meaning they have 5 minute limits and go three times as fast as the normal 15 minute limit tournaments) $12 buy in tournaments that start as soon as 180 players sign up.
One of these was going off about every 15 minutes and I thought they would be perfect since they were going to be low stress and require limited if any concentration. I was hoping to win something like $50 or $100. Nothing major, but enough money to pay for a dinner out. Anything would be a bonus since it felt like a day off sitting on the couch.
In the first one I played I dominated from the start (I'm great at beating players who totally suck) and when we made it to the money (with 18 players left) I was in 2nd place. I navigated my way through the rest of the field and found myself with a small chip lead playing three handed. I figured I'd have a good chance to finish it off, but with blinds of 5000/10,000 and only 270,000 chips total in play I knew it would be a bit of a crap shoot.
Before I knew it I lost two hands and I was out! Crap! 3rd place paid $235 which is a ton considering I only had to risk $12 to get it, but 2nd was about $400 and 1st paid $600 so I was still a little disappointed.
But all was not lost. I was in another tournament of the exact same style that I'd started about 45 minutes later. I picked up some good hands and made some strong plays and before I knew it I was in the chip lead with about 30 players left. Once again I made it to the final table and before I knew it I was playing 3 handed again! I thought to myself "I am going to be crazy pissed if I finish in third again!"
At one point I was forced to risk all of my chips on a marginal hand, but I managed to get the cards I needed and survive. Luckily I was up against two weak passive players and I managed to grind them into dust with little difficulty. By the time we were down to 2 players I had a 6 to 1 chip advantage and finished off my last opponent in about 5 hands.
But there's more! I made a third final table finishing in 8th place in my next attempt! If poker was all luck and everyone had an equal chance, the odds of finishing 1st, 3rd (or better) and 8th (or better) in three consecutive 180 player tournaments would be 1 in 243,000. It blows my mind that whenever the courts are called on to determine if poker is a game of luck or a game of skill the judges always listen to the one moron who says it's all luck and ignores the 4 experts who say it's skill. It makes me sick.
I actually managed to cash in 3 other tournaments of different styles including finishing 60th out of 1370 in a $55 tournament. This is all good for my confidence (and my bankroll) as we get closer to the WCOOP which starts on Friday. I know it's been a few weeks since my last post and I've been posting less often, but I'll be putting up plenty of details about my WCOOP results.
Today I kept the good streak rolling picking up at least another $700 (I'm still in a few multitables, but even if I go broke in all of them I'll still be ahead at least that much). Hopefully tomorrow will be another good day.
On Saturday I won about $700 playing a mix of SNG's and cash games and on Sunday I was planning to watch football all day and play a few low limit multitables. I saw that they just started running these turbo (meaning they have 5 minute limits and go three times as fast as the normal 15 minute limit tournaments) $12 buy in tournaments that start as soon as 180 players sign up.
One of these was going off about every 15 minutes and I thought they would be perfect since they were going to be low stress and require limited if any concentration. I was hoping to win something like $50 or $100. Nothing major, but enough money to pay for a dinner out. Anything would be a bonus since it felt like a day off sitting on the couch.
In the first one I played I dominated from the start (I'm great at beating players who totally suck) and when we made it to the money (with 18 players left) I was in 2nd place. I navigated my way through the rest of the field and found myself with a small chip lead playing three handed. I figured I'd have a good chance to finish it off, but with blinds of 5000/10,000 and only 270,000 chips total in play I knew it would be a bit of a crap shoot.
Before I knew it I lost two hands and I was out! Crap! 3rd place paid $235 which is a ton considering I only had to risk $12 to get it, but 2nd was about $400 and 1st paid $600 so I was still a little disappointed.
But all was not lost. I was in another tournament of the exact same style that I'd started about 45 minutes later. I picked up some good hands and made some strong plays and before I knew it I was in the chip lead with about 30 players left. Once again I made it to the final table and before I knew it I was playing 3 handed again! I thought to myself "I am going to be crazy pissed if I finish in third again!"
At one point I was forced to risk all of my chips on a marginal hand, but I managed to get the cards I needed and survive. Luckily I was up against two weak passive players and I managed to grind them into dust with little difficulty. By the time we were down to 2 players I had a 6 to 1 chip advantage and finished off my last opponent in about 5 hands.
But there's more! I made a third final table finishing in 8th place in my next attempt! If poker was all luck and everyone had an equal chance, the odds of finishing 1st, 3rd (or better) and 8th (or better) in three consecutive 180 player tournaments would be 1 in 243,000. It blows my mind that whenever the courts are called on to determine if poker is a game of luck or a game of skill the judges always listen to the one moron who says it's all luck and ignores the 4 experts who say it's skill. It makes me sick.
I actually managed to cash in 3 other tournaments of different styles including finishing 60th out of 1370 in a $55 tournament. This is all good for my confidence (and my bankroll) as we get closer to the WCOOP which starts on Friday. I know it's been a few weeks since my last post and I've been posting less often, but I'll be putting up plenty of details about my WCOOP results.
Today I kept the good streak rolling picking up at least another $700 (I'm still in a few multitables, but even if I go broke in all of them I'll still be ahead at least that much). Hopefully tomorrow will be another good day.
Tuesday, August 28, 2007
The New Plan for September
I didn't play hand of poker during the stretch from August 5th to the August 19th. This is the longest I've gone without playing poker in the 7 years that I've been playing poker seriously. For those of you who may not have heard the reason why was my wife Jen and I had our first child (Peyton Wesley Huff) on August 9th (you can get all the details and look at pictures on our other blog www.thehuffs.wordpress.com).
I got back to work playing 3/4 days last week and started back with full time this week. So far I've had mixed results. The past few days I've ditched the cash games gone back to playing single table Sit-n-go tournaments (SNG's) which were my bread and butter for years. While I haven't exactly been smoking the competition I've done OK and at least I've felt in control and like I've been making good decisions.
And now, I have a plan! It's critical to have a plan when things haven't been going as well as you'd like. If nothing else having a plan will keep you from thinking "ACK! WHAT THE HELL AM I GOING TO DO!" If the plan doesn't work you come up with a new plan and keep trying until something else works.
My latest plan is to play sixty-five $60 SNG's a day (which should take about 8 hours playing 6 at a time), 20 days next month, which amounts to 1,300 tournaments. I know for a fact that pokerstars will give me 115,050 FPP's for my efforts which will be worth $1,835. If I can make another $2.50 per tournament that will be another $3,250 which along with the FPP money is enough to pay the bills. If I can make $4-$5 per tournament like I think I should realistically be able to do then there will be a few thousand bucks left over for a rainy day.
It sounds so easy when I think about it that way. Of course I am my own biggest enemy sometimes and the only reason why some of my past plans have failed. If I start to do really well early on I have a tendency to lose motivation to play enough volume and if I do really poorly I get frustrated and playing becomes torturous. I'm hoping to have a steady, solid winning month and if I don't I'm going to do my best to hurdle my classic pitfalls.
Another thing that could change the plan is the WCOOP which starts on September 14th and runs through the 30th. I'm still working out how many events I'm going to play (probably 5-8) and if I happen to do really well I'll probably scrap the latest SNG plan since I'll be swimming in dough.
I got back to work playing 3/4 days last week and started back with full time this week. So far I've had mixed results. The past few days I've ditched the cash games gone back to playing single table Sit-n-go tournaments (SNG's) which were my bread and butter for years. While I haven't exactly been smoking the competition I've done OK and at least I've felt in control and like I've been making good decisions.
And now, I have a plan! It's critical to have a plan when things haven't been going as well as you'd like. If nothing else having a plan will keep you from thinking "ACK! WHAT THE HELL AM I GOING TO DO!" If the plan doesn't work you come up with a new plan and keep trying until something else works.
My latest plan is to play sixty-five $60 SNG's a day (which should take about 8 hours playing 6 at a time), 20 days next month, which amounts to 1,300 tournaments. I know for a fact that pokerstars will give me 115,050 FPP's for my efforts which will be worth $1,835. If I can make another $2.50 per tournament that will be another $3,250 which along with the FPP money is enough to pay the bills. If I can make $4-$5 per tournament like I think I should realistically be able to do then there will be a few thousand bucks left over for a rainy day.
It sounds so easy when I think about it that way. Of course I am my own biggest enemy sometimes and the only reason why some of my past plans have failed. If I start to do really well early on I have a tendency to lose motivation to play enough volume and if I do really poorly I get frustrated and playing becomes torturous. I'm hoping to have a steady, solid winning month and if I don't I'm going to do my best to hurdle my classic pitfalls.
Another thing that could change the plan is the WCOOP which starts on September 14th and runs through the 30th. I'm still working out how many events I'm going to play (probably 5-8) and if I happen to do really well I'll probably scrap the latest SNG plan since I'll be swimming in dough.
Thursday, August 02, 2007
A Trip to the Oaks
Yesterday my good friend Jake and I made a trip to the Oaks to play a little low limit ($6/$12 limit) hold'em. We've made similar trips about once a month since the beginning of this year with the main purpose being to bull shit and have a few drinks. I am, however, undefeated on these trips so far and even though it's small stakes the wins are starting to add up.
What's amazing to me is how soft the games at the Oaks have gotten. I used to play $6/$12 at the Oaks when I was 21 and still dealing cards for a living. Back then there were a few nut jobs who would come in from time to time, but in general most of the players were OK if not good. In fact there were a few people who would qualify as semi pros (people who count on poker winnings for a significant piece of their income, but have another main source of income). Of course I still dominated, but it took a great deal of advanced strategy and concentration.
Now that we're in the post poker boom days there are two or three times as many players in general and it seems like almost none of them have a clue what they're doing. Players who would have been squashed and busted in no time 6 years ago find themselves winning without much difficulty.
So yesterday when Jake and I took our seats as they started a new $6/$12 game on table 10, we liked our chances of winning. As the day progressed it was as if the table was slightly tilted in our direction and all of the chips we're slowly flowing down into our stacks. After 6 hours we both found ourselves ahead over $500 (a sizable win for that limit) with huge towers of chips in front of us while all of the other players in the game were looking forlornly at the their tiny stacks. Even if they're only $2 chips it's nice to be at the cashier hoping the people in front of you will speed it up because the weight of all the chips you're holding is starting to bother you.
Also I have to say congrats to Jake on the biggest poker win of his life (I think his previous best was somewhere in the $300 range). Jake and I actually started playing poker at the exact same time back in August of 2000 in the Cloyne home game. That game and the long drives out to Cache Creek (an Indian casino about 100 miles from here where you only have to be 18 to play) are how we became such good friends.
Sadly Jake's poker career got sidetracked by a classic pitfall: going to class in college. Jake fell deeper into that hole when he spent the following years going to law school after he finished his undergrad degree. While he was going down that non traditional road, I of course did what every guidance counselor I'd ever had told me to do: stay out until all hours of the night associating with lowlifes while pursuing a job at which almost everyone fails that comes with no benefits and no guaranteed income! Stupid, stupid Jake.
In other news it took less than 36 hours for my $3,700 from Neteller to hit my bank account. Like I said before the timing on that couldn't have been better. I was planning on getting back to work today, but after picking up $500 on what I was planning as a day off, I think I'm going to spend another day unwinding and get back on the horse tomorrow.
What's amazing to me is how soft the games at the Oaks have gotten. I used to play $6/$12 at the Oaks when I was 21 and still dealing cards for a living. Back then there were a few nut jobs who would come in from time to time, but in general most of the players were OK if not good. In fact there were a few people who would qualify as semi pros (people who count on poker winnings for a significant piece of their income, but have another main source of income). Of course I still dominated, but it took a great deal of advanced strategy and concentration.
Now that we're in the post poker boom days there are two or three times as many players in general and it seems like almost none of them have a clue what they're doing. Players who would have been squashed and busted in no time 6 years ago find themselves winning without much difficulty.
So yesterday when Jake and I took our seats as they started a new $6/$12 game on table 10, we liked our chances of winning. As the day progressed it was as if the table was slightly tilted in our direction and all of the chips we're slowly flowing down into our stacks. After 6 hours we both found ourselves ahead over $500 (a sizable win for that limit) with huge towers of chips in front of us while all of the other players in the game were looking forlornly at the their tiny stacks. Even if they're only $2 chips it's nice to be at the cashier hoping the people in front of you will speed it up because the weight of all the chips you're holding is starting to bother you.
Also I have to say congrats to Jake on the biggest poker win of his life (I think his previous best was somewhere in the $300 range). Jake and I actually started playing poker at the exact same time back in August of 2000 in the Cloyne home game. That game and the long drives out to Cache Creek (an Indian casino about 100 miles from here where you only have to be 18 to play) are how we became such good friends.
Sadly Jake's poker career got sidetracked by a classic pitfall: going to class in college. Jake fell deeper into that hole when he spent the following years going to law school after he finished his undergrad degree. While he was going down that non traditional road, I of course did what every guidance counselor I'd ever had told me to do: stay out until all hours of the night associating with lowlifes while pursuing a job at which almost everyone fails that comes with no benefits and no guaranteed income! Stupid, stupid Jake.
In other news it took less than 36 hours for my $3,700 from Neteller to hit my bank account. Like I said before the timing on that couldn't have been better. I was planning on getting back to work today, but after picking up $500 on what I was planning as a day off, I think I'm going to spend another day unwinding and get back on the horse tomorrow.
Monday, July 30, 2007
Good News and Bad News
I feel like most of my posts have been bad news lately so that's what I'll start with. I'm continuing to struggle and the more and more time that goes by without any progress in the winning department the more I'm starting to panic. I'm not sure what I'm doing wrong, but I'm sure it doesn't help that my confidence is approaching an all time low.
Taking emotion out of the picture is critical for playing your best and I'm doing a terrible job of controlling mine. Every time something significantly bad happens to me I'm getting upset and believe me, you can't play a few thousand hands a day without a boatload of bad stuff happening.
I tried shifting gears a little today and played a combination of about a dozen SNG's and multitable tournaments in addition to some cash games. I lost at everything.
I think the stress of these past few weeks along with the anticipation of having a baby any day now is really catching up with me. I'm starting to feel tense all the time. I've been pretty good about exercising and I think that's helping a little, but I'm really just not feeling great.
Now for the good news which requires a little background! One of the major effects of the anti gambling legislation from last September was the end of Neteller in the US. Neteller was the main intermediary between the banks and the gambling websites. With Neteller not only could you move money from your bank to the websites and vice versa electronically, but it also made it easy to move money between various websites. Also once you had your bank account verified you could make instant (I'm talking 60 seconds) deposits to any and every gambling website, even if you'd never used that site before. To my recollection in 2006 they processed over 5 billion dollars in transactions, 80% of which were for US customers.
Even though the law passed in September of 2006, the shit didn't hit the fan until January of this year. Pending legal action against the top Neteller executives (who had been charged with money laundering) somehow the US government froze most of their assets even though they are an international company. With no warning the company instantly stopped serving US customers and put all deposits, withdrawals, and transfers on hold indefinitely.
I had about $3,700 in my Neteller account when all of this happened. At the time I wasn't upset or worried at all, because they weren't really forthcoming about what was going on. I knew they fired about 3/4 of their workforce in one day so I figured there was going to be some delay in the processing. As the days turned into weeks I sent a few e-mails and basically got the reply that they still had my money and didn't know how long it was going to be before I got it. As the weeks turned into months I pretty much forgot about that money and figured if I ever got it back I'd be happy, but if I didn't it wouldn't be the end of the world.
Today, seemingly out of nowhere, I got the following e-mail:
The NETELLER Plc Group has announced that the distribution of funds to its US members will begin on July 30, 2007.
You are receiving this e-mail because our records reflect that you are a US member who may request funds from NETELLER. As of July 30, you will be able to make a request for funds on NETELLER’s website by signing in to your account. In the meantime, you should visit our online FAQs for more information about the distribution plan.
Please note that US members will not be able to request funds from the NETELLER website after January 26.
I caught this e-mail about 60 seconds after it had been sent and figuring that everyone and their mother would soon be logging on to their account to request their money I instantly signed on (luckily I knew where I'd written my log in info - you need a 12 digit account number, a 6 digit ID, and a password to log in so there was no way I could have remembered it) and requested my withdrawal. I'm hoping that they're going to process the requests in the order that they were received.
I got a little conflicting info on how long it will be before I actually get my money. At one point they said three business days, but they also said they'd be sending 94 million dollars to an untold number of US customers and there might be delays. Regardless it looks like I've got $3,700 coming to me in the next week or two. The timing couldn't be better!
I think I'm going to take a few days off. I just feel totally lost at the tables and I'm hoping a short break will allow me to cool off a little and somehow straighten myself out.
Taking emotion out of the picture is critical for playing your best and I'm doing a terrible job of controlling mine. Every time something significantly bad happens to me I'm getting upset and believe me, you can't play a few thousand hands a day without a boatload of bad stuff happening.
I tried shifting gears a little today and played a combination of about a dozen SNG's and multitable tournaments in addition to some cash games. I lost at everything.
I think the stress of these past few weeks along with the anticipation of having a baby any day now is really catching up with me. I'm starting to feel tense all the time. I've been pretty good about exercising and I think that's helping a little, but I'm really just not feeling great.
Now for the good news which requires a little background! One of the major effects of the anti gambling legislation from last September was the end of Neteller in the US. Neteller was the main intermediary between the banks and the gambling websites. With Neteller not only could you move money from your bank to the websites and vice versa electronically, but it also made it easy to move money between various websites. Also once you had your bank account verified you could make instant (I'm talking 60 seconds) deposits to any and every gambling website, even if you'd never used that site before. To my recollection in 2006 they processed over 5 billion dollars in transactions, 80% of which were for US customers.
Even though the law passed in September of 2006, the shit didn't hit the fan until January of this year. Pending legal action against the top Neteller executives (who had been charged with money laundering) somehow the US government froze most of their assets even though they are an international company. With no warning the company instantly stopped serving US customers and put all deposits, withdrawals, and transfers on hold indefinitely.
I had about $3,700 in my Neteller account when all of this happened. At the time I wasn't upset or worried at all, because they weren't really forthcoming about what was going on. I knew they fired about 3/4 of their workforce in one day so I figured there was going to be some delay in the processing. As the days turned into weeks I sent a few e-mails and basically got the reply that they still had my money and didn't know how long it was going to be before I got it. As the weeks turned into months I pretty much forgot about that money and figured if I ever got it back I'd be happy, but if I didn't it wouldn't be the end of the world.
Today, seemingly out of nowhere, I got the following e-mail:
The NETELLER Plc Group has announced that the distribution of funds to its US members will begin on July 30, 2007.
You are receiving this e-mail because our records reflect that you are a US member who may request funds from NETELLER. As of July 30, you will be able to make a request for funds on NETELLER’s website by signing in to your account. In the meantime, you should visit our online FAQs for more information about the distribution plan.
Please note that US members will not be able to request funds from the NETELLER website after January 26.
I caught this e-mail about 60 seconds after it had been sent and figuring that everyone and their mother would soon be logging on to their account to request their money I instantly signed on (luckily I knew where I'd written my log in info - you need a 12 digit account number, a 6 digit ID, and a password to log in so there was no way I could have remembered it) and requested my withdrawal. I'm hoping that they're going to process the requests in the order that they were received.
I got a little conflicting info on how long it will be before I actually get my money. At one point they said three business days, but they also said they'd be sending 94 million dollars to an untold number of US customers and there might be delays. Regardless it looks like I've got $3,700 coming to me in the next week or two. The timing couldn't be better!
I think I'm going to take a few days off. I just feel totally lost at the tables and I'm hoping a short break will allow me to cool off a little and somehow straighten myself out.
Thursday, July 26, 2007
Good News for Online Poker
Usually I like to write about whatever topic I've come up with for my entry and then tell you about my recent results. Today I'm going to lead with results. I finally had a reasonable winning day and picked up a little over $600 over the course of 2,500 hands. Normally this would be nothing more than a par for the course win, but since I've really had my ass handed to me over the past few weeks, it felt a little sweeter.
Now on to the good news for online poker. I'd read here and there recently that there were a few bills in the house having to do with online poker. More specifically, having to do with licensing and regulating online poker so it would be legal to own and operate a poker site based in the U.S. I didn't know too much about them, other than the fact that the first was introduced in April and that no matter what they said they were a potential massive blessing for all of Huffland.
Today I got an e-mail from 2004 World Champion Greg Raymer (actually it was from Pokerstars, but it had his name on it) which said the following:
I am writing to you on behalf of the Poker Players Alliance (PPA) because we need your help. Congress is currently considering a bill which would clarify the legality of online poker in the United States by creating a regulatory and licensing framework. Please join me in supporting the "Internet Gambling Regulation and Enforcement Act".
The early support of many Congressional Representatives is crucial to the success of this bill. Please call your Representative Fortney Stark today in his Washington, D.C office 202-225-5065. Ask him to cosponsor H.R. 2046 before the August Congressional recess.
Your support is vital. Please take a moment and call today. If you wish to read more about this bill, or to get more information about the Poker Players Alliance, please visit www.pokerplayersalliance.org Thank you for your time, and your support of poker in the United States.
Sincerely,
Greg Raymer PPA Board of Directors WSOP 2004 World Champion and Member of Team PokerStars
I also got a similar e-mail from someone at full tilt and I wouldn't be surprised if I get a few more from other websites. The best news is that there's a chance that the bill could be making it's way through congress before the August recess!!! I thought it would be closer to a year before anything at all would happen so this is great news.
More good news is that the Poker Players Alliance is gaining strength everyday. About a year ago there were fewer than 100,000 members and currently there are over 615,000. I'm hoping that this group (of which I am a member) is going to become a significant lobbying force (former senator Al D'Amato is the chairman).
If you're interested in doing me a favor you can go to the PPA website and right in the middle they have a button you can click on to write your congressperson. If you click on it you'll find three links: one for each of two house resolutions and one where you can thank your congressperson for protecting your rights. Click on one or both of the links regarding the HR's and it will prompt you to enter your zip code so they can have the letter sent to your specific congressperson. Once you enter your zip code you can read over the letter that will be sent in your name, enter your address and e-mail and through the magic of the internet this message will zip off to a congressperson who represents you! For those of you without scruples (Cough, Brain Ridgeway, Cough) you might want to see about sending a pie or some other kind of bribe to add a little weight to your message.
I'm not sure what impact this might have, but it couldn't hurt and if you're anything but a total dunce (Cough, Ridgeway, Cough) it should take you about 3 minutes. I've heard in the past that for every letter that Time magazine gets they assume that 10,000 people have the same thoughts as the letter writer. Of course an electronically generated form letter is going to have about 1% of the impact of a snail mail letter, but I figured I'd ask for your help anyway.
Why would it be such a big deal for there to be fully licensed, legal and regulated poker in the US, you ask? Well let me tell you. First and foremost it would pump literally BILLIONS of dollars into play. The vast majority of people aren't willing to trust a company based in some country they've barely heard of with their money. They think (correctly) that if they website wanted to screw them over and take their money they'd have no recourse. If all of a sudden the MGM corporation opens a poker site they know that their money is safe.
Maybe more importantly the websites could advertise and tell people how awesome it is to be able to play poker in their own home for any amount of money from pennies to hundreds of thousands of dollars 24 hours a day 7 days a week 365 days a year.
The number of new players will skyrocket. People love to gamble, they love to compete and they love to think that they are better than other people at something that matters. Online poker gives people the chance to do all of those things. Of course all of these new players, no matter how smart or how good they think they are, will have 7 years less experience than I do. It will be like a bunch of dudes with swords charging at me when I'm holding one of those machine guns with the six spinning barrels that former Minnesota Governor Jesse Ventura used in Predator and current California Governor Arnold Schwarzenegger used in Terminator 2.
Another benefit will be increased competition between the poker sites. Right now there are only a few big websites and while they have some level of competition it's not anything close to what we'd see if the American floodgates opened. Dozens of websites would offer crazy promotions as they clawed for market share and I would take advantage of all of them.
At a minimum it would be worth an extra $5,000 a month to me for these bills to go through congress. I'm drooling just thinking about it.
Now on to the good news for online poker. I'd read here and there recently that there were a few bills in the house having to do with online poker. More specifically, having to do with licensing and regulating online poker so it would be legal to own and operate a poker site based in the U.S. I didn't know too much about them, other than the fact that the first was introduced in April and that no matter what they said they were a potential massive blessing for all of Huffland.
Today I got an e-mail from 2004 World Champion Greg Raymer (actually it was from Pokerstars, but it had his name on it) which said the following:
I am writing to you on behalf of the Poker Players Alliance (PPA) because we need your help. Congress is currently considering a bill which would clarify the legality of online poker in the United States by creating a regulatory and licensing framework. Please join me in supporting the "Internet Gambling Regulation and Enforcement Act".
The early support of many Congressional Representatives is crucial to the success of this bill. Please call your Representative Fortney Stark today in his Washington, D.C office 202-225-5065. Ask him to cosponsor H.R. 2046 before the August Congressional recess.
Your support is vital. Please take a moment and call today. If you wish to read more about this bill, or to get more information about the Poker Players Alliance, please visit www.pokerplayersalliance.org Thank you for your time, and your support of poker in the United States.
Sincerely,
Greg Raymer PPA Board of Directors WSOP 2004 World Champion and Member of Team PokerStars
I also got a similar e-mail from someone at full tilt and I wouldn't be surprised if I get a few more from other websites. The best news is that there's a chance that the bill could be making it's way through congress before the August recess!!! I thought it would be closer to a year before anything at all would happen so this is great news.
More good news is that the Poker Players Alliance is gaining strength everyday. About a year ago there were fewer than 100,000 members and currently there are over 615,000. I'm hoping that this group (of which I am a member) is going to become a significant lobbying force (former senator Al D'Amato is the chairman).
If you're interested in doing me a favor you can go to the PPA website and right in the middle they have a button you can click on to write your congressperson. If you click on it you'll find three links: one for each of two house resolutions and one where you can thank your congressperson for protecting your rights. Click on one or both of the links regarding the HR's and it will prompt you to enter your zip code so they can have the letter sent to your specific congressperson. Once you enter your zip code you can read over the letter that will be sent in your name, enter your address and e-mail and through the magic of the internet this message will zip off to a congressperson who represents you! For those of you without scruples (Cough, Brain Ridgeway, Cough) you might want to see about sending a pie or some other kind of bribe to add a little weight to your message.
I'm not sure what impact this might have, but it couldn't hurt and if you're anything but a total dunce (Cough, Ridgeway, Cough) it should take you about 3 minutes. I've heard in the past that for every letter that Time magazine gets they assume that 10,000 people have the same thoughts as the letter writer. Of course an electronically generated form letter is going to have about 1% of the impact of a snail mail letter, but I figured I'd ask for your help anyway.
Why would it be such a big deal for there to be fully licensed, legal and regulated poker in the US, you ask? Well let me tell you. First and foremost it would pump literally BILLIONS of dollars into play. The vast majority of people aren't willing to trust a company based in some country they've barely heard of with their money. They think (correctly) that if they website wanted to screw them over and take their money they'd have no recourse. If all of a sudden the MGM corporation opens a poker site they know that their money is safe.
Maybe more importantly the websites could advertise and tell people how awesome it is to be able to play poker in their own home for any amount of money from pennies to hundreds of thousands of dollars 24 hours a day 7 days a week 365 days a year.
The number of new players will skyrocket. People love to gamble, they love to compete and they love to think that they are better than other people at something that matters. Online poker gives people the chance to do all of those things. Of course all of these new players, no matter how smart or how good they think they are, will have 7 years less experience than I do. It will be like a bunch of dudes with swords charging at me when I'm holding one of those machine guns with the six spinning barrels that former Minnesota Governor Jesse Ventura used in Predator and current California Governor Arnold Schwarzenegger used in Terminator 2.
Another benefit will be increased competition between the poker sites. Right now there are only a few big websites and while they have some level of competition it's not anything close to what we'd see if the American floodgates opened. Dozens of websites would offer crazy promotions as they clawed for market share and I would take advantage of all of them.
At a minimum it would be worth an extra $5,000 a month to me for these bills to go through congress. I'm drooling just thinking about it.
Wednesday, July 25, 2007
Still Struggling
Yesterday I was determined to have a winning day. I dropped down a limit where playing for half the stakes I was hoping to run over the weaker players. I lost a few significant hands as soon as I sat down and spent the entire day playing from behind. Normally in a full day I try to play 3,000 hands. When that mark came and I found myself losing about $100 I decided to keep playing to try to book any kind of win. Around hand 4200 I found myself ahead $7 (yep, seven dollars) and I was prepared to quit. But I got a few good hands which I had to play right after. I lost them as well as a few others and by the time hand 4500 rolled around I was behind about $300 with nothing left in the tank. At that point I'd been playing a new hand (which might require a half dozen decisions or more) every 8.8 seconds for 11 hours (It actually took 12 hours because I took an hour for lunch). That's a real mental workout.
4,500 hands is a ton of hands. To put it in perspective, imagine that you had a fairly serious home game with your friends. Every Saturday you get together and play for 5 hours and since you're all paying attention, but you don't have a professional dealer it takes 3 minutes on average to play each hand. Remember someone has to shuffle and deal the cards every time in addition to playing out the hand. In this scenario you're looking at 20 hands an hour (if you played like they do on TV or in the movies it would be more like 10 hands an hour). If you never missed a Saturday (or a hand) it would take you more than 10 months to play 4,500 hands.
In the main event of the WSOP the winner of the main event played around 3,000 hands by my estimation after a week and a half of starting at noon and going until after 2 am on a daily basis.
The point is 4,500 hands is a long time in the poker world and as someone who had been a poker pro for 4 years now, I should be able to beat a bunch of second rate players over the course of 4,500 hands with any run of cards that isn't totally fucked. With the exception of maybe the first or second time I ever lost $300 in a day (6+ years ago), this was the most disappointing $300 loss I can remember. Even though it wasn't a major amount of money it still felt like a crushing defeat.
I played at the lower limit again today and after about 2,500 hands I managed to win $17. The good news is at least I broke my losing streak. The bad news is at that rate it's going to take me 82 days (with no days off) to get back what I lost in the preceding two days.
Actually the best news is that one of my strengths in bounce back. While I might be really feeling it after a big loss (or a string of losses), by the next morning I'm almost always back in a good frame of mind. That's probably because despite any complaining I might do about bad luck I have about as good a life and any reasonable person could ever hope for.
4,500 hands is a ton of hands. To put it in perspective, imagine that you had a fairly serious home game with your friends. Every Saturday you get together and play for 5 hours and since you're all paying attention, but you don't have a professional dealer it takes 3 minutes on average to play each hand. Remember someone has to shuffle and deal the cards every time in addition to playing out the hand. In this scenario you're looking at 20 hands an hour (if you played like they do on TV or in the movies it would be more like 10 hands an hour). If you never missed a Saturday (or a hand) it would take you more than 10 months to play 4,500 hands.
In the main event of the WSOP the winner of the main event played around 3,000 hands by my estimation after a week and a half of starting at noon and going until after 2 am on a daily basis.
The point is 4,500 hands is a long time in the poker world and as someone who had been a poker pro for 4 years now, I should be able to beat a bunch of second rate players over the course of 4,500 hands with any run of cards that isn't totally fucked. With the exception of maybe the first or second time I ever lost $300 in a day (6+ years ago), this was the most disappointing $300 loss I can remember. Even though it wasn't a major amount of money it still felt like a crushing defeat.
I played at the lower limit again today and after about 2,500 hands I managed to win $17. The good news is at least I broke my losing streak. The bad news is at that rate it's going to take me 82 days (with no days off) to get back what I lost in the preceding two days.
Actually the best news is that one of my strengths in bounce back. While I might be really feeling it after a big loss (or a string of losses), by the next morning I'm almost always back in a good frame of mind. That's probably because despite any complaining I might do about bad luck I have about as good a life and any reasonable person could ever hope for.
Monday, July 23, 2007
What It's Like
Imagine that you have a normal office job (this won't be so hard for some of you). You like your job and you feel like you do it pretty well (this will be more of a stretch for a few of you :). When you show your boss (Mr. Bossy) your work he tells you what a great job you've been doing. You are proud of your work.
Then one day you come into work and for no reason at all things have drastically changed. You feel like your work is the same, but when you show it to your boss he tells you it's crap. You are surprised, but are willing to accept that maybe you had an off day. So you work harder. But, still your Mr. Bossy isn't happy at all with your work. You try even harder, but if anything the results are even worse. To add insult to injury you notice that one of your coworkers Mick Moron who you were sure would be fired any day is getting loads of praise from Mr. Bossy. The company is going to give him a big raise and a promotion even though you know for a fact that your work is much better than his.
"Well," you think. "This is hard to put up with, but at least I'm still getting paid." WRONG! When you look at your check you discover that the company claims they've over paid you so not only are you not getting paid for the past two weeks, you now owe them $5,000! It sure seems like it would be hard to go back to work the next day when you have no idea if it's going to be fine and you're going to get paid or if it's going to be miserable and it's going to cost you even more.
In March 2006 I lost just over $11,000. I had one day where I actually won $10,000 and somehow I lost $21,000 over the other 30 days. That was by far the worst run of my poker career and certainly not a month I'd like to relive. These past two weeks have been the second worst run of my career. I sat down today after taking a few days off to try to regroup, feeling like I'd be fine with a break even day. Instead I lost $1,100. I can't remember the last time I was this frustrated.
Then one day you come into work and for no reason at all things have drastically changed. You feel like your work is the same, but when you show it to your boss he tells you it's crap. You are surprised, but are willing to accept that maybe you had an off day. So you work harder. But, still your Mr. Bossy isn't happy at all with your work. You try even harder, but if anything the results are even worse. To add insult to injury you notice that one of your coworkers Mick Moron who you were sure would be fired any day is getting loads of praise from Mr. Bossy. The company is going to give him a big raise and a promotion even though you know for a fact that your work is much better than his.
"Well," you think. "This is hard to put up with, but at least I'm still getting paid." WRONG! When you look at your check you discover that the company claims they've over paid you so not only are you not getting paid for the past two weeks, you now owe them $5,000! It sure seems like it would be hard to go back to work the next day when you have no idea if it's going to be fine and you're going to get paid or if it's going to be miserable and it's going to cost you even more.
In March 2006 I lost just over $11,000. I had one day where I actually won $10,000 and somehow I lost $21,000 over the other 30 days. That was by far the worst run of my poker career and certainly not a month I'd like to relive. These past two weeks have been the second worst run of my career. I sat down today after taking a few days off to try to regroup, feeling like I'd be fine with a break even day. Instead I lost $1,100. I can't remember the last time I was this frustrated.
Friday, July 20, 2007
A Comment Response
My friend Mike left an interesting comment after my last post which read:
Hey Dave,
I think you probably know more about this than I do, but I'm pretty sure that it's statistically valid for "luck" to clump into cycles. Regardless of skill I think it would be impossible for any professional to play full time without slipping into the occasional slump. Even the top players in the world.
So, hopefully you can stay focused on your long term results. As long as you are able to reach your overall goals, I assume it's part of any up and down profession to save up during the feast and draw on that during the famine.
In the meantime, I wonder if any pros consider it a good idea to switch gears a little during apparent downturns? Maybe play some limit so that bad beats aren't so costly? Or play some tournaments which limit your risk to a fixed amount while offering you better payoffs for hitting? Maybe not big MTTs but a two or three table SnG? Even just for a day or two to break the rhythm a little, to a layman like me it seems worth considering. Is there a prevailing wisdom about that?
It's certainly true that every poker pro goes into slumps and part of the job is peaks and valleys. What's interesting is the people who we think of as "The best players in the world" have enormous swings in their fortunes because they're playing big multi table tournaments. These guys will probably have 9 or 10 losing months every year, but their wining months in most years will be so big that they more than make up for all the losing. I've had 3 losing months in my 48 as a poker pro and all of them have come on the heals of some major winning months. In every case I took some extra chances and more drastic risks in an effort to hit it big and it ended up costing me. I don't feel the least bit bad about it though, because part of improving is testing your limits.
As far as feast and famine goes, I feel like I've done a good, but not great job of putting away my winnings for a rainy day. It's hard to not spend a little more when you've been winning like crazy because it feels like it's going to continue that way forever. But I have been smart enough to never make any major purchases just because I had a big win (with the exception of my wife's engagement ring).
As far as switching gears goes, I think whenever you've been losing it's important to go back to whatever it is that you do best. I'm sure some people would wonder why wouldn't a pro always play what he was best at. The issue there is, the form of poker that's makes you the most money isn't always the one that's the most fun. The problem I'm having is I'm not sure what my best bet is anymore. I used to think it was SNG's, but my results over my last few thousand SNG's aren't great. On the other hand my NL cash game numbers over the past 4 months are very good, but I just can't seem to make it work lately. I can say for sure that I need to avoid the fluctuations with multi table tournaments (even though that's what I enjoy the most) and I have no business playing limit cash games for any serious amount of money online.
What's interesting is other good players go through phases where they play different games at different limits as well. If other pros decide that they're going to play 8-10 $2/$4 blind NL cash games every day at the same times as me for a month, even though I'll end up playing against well over a hundred opponents every day, having those two or three guys in all of my games (you can't dodge them if they're in every game!) can severely impact my bottom line. On the other hand if they all decide for whatever reason to all of a sudden start playing tournaments or bigger or smaller games, instantly my expectation goes up.
I decided to take today off to relax and regroup. Happily, since I've had a few nice months recently the immediate reserves we're topped off so even if I break even or lose a little bit for the rest of the month we won't have to dip in the major back up reserves which are all in the stock market.
Hey Dave,
I think you probably know more about this than I do, but I'm pretty sure that it's statistically valid for "luck" to clump into cycles. Regardless of skill I think it would be impossible for any professional to play full time without slipping into the occasional slump. Even the top players in the world.
So, hopefully you can stay focused on your long term results. As long as you are able to reach your overall goals, I assume it's part of any up and down profession to save up during the feast and draw on that during the famine.
In the meantime, I wonder if any pros consider it a good idea to switch gears a little during apparent downturns? Maybe play some limit so that bad beats aren't so costly? Or play some tournaments which limit your risk to a fixed amount while offering you better payoffs for hitting? Maybe not big MTTs but a two or three table SnG? Even just for a day or two to break the rhythm a little, to a layman like me it seems worth considering. Is there a prevailing wisdom about that?
It's certainly true that every poker pro goes into slumps and part of the job is peaks and valleys. What's interesting is the people who we think of as "The best players in the world" have enormous swings in their fortunes because they're playing big multi table tournaments. These guys will probably have 9 or 10 losing months every year, but their wining months in most years will be so big that they more than make up for all the losing. I've had 3 losing months in my 48 as a poker pro and all of them have come on the heals of some major winning months. In every case I took some extra chances and more drastic risks in an effort to hit it big and it ended up costing me. I don't feel the least bit bad about it though, because part of improving is testing your limits.
As far as feast and famine goes, I feel like I've done a good, but not great job of putting away my winnings for a rainy day. It's hard to not spend a little more when you've been winning like crazy because it feels like it's going to continue that way forever. But I have been smart enough to never make any major purchases just because I had a big win (with the exception of my wife's engagement ring).
As far as switching gears goes, I think whenever you've been losing it's important to go back to whatever it is that you do best. I'm sure some people would wonder why wouldn't a pro always play what he was best at. The issue there is, the form of poker that's makes you the most money isn't always the one that's the most fun. The problem I'm having is I'm not sure what my best bet is anymore. I used to think it was SNG's, but my results over my last few thousand SNG's aren't great. On the other hand my NL cash game numbers over the past 4 months are very good, but I just can't seem to make it work lately. I can say for sure that I need to avoid the fluctuations with multi table tournaments (even though that's what I enjoy the most) and I have no business playing limit cash games for any serious amount of money online.
What's interesting is other good players go through phases where they play different games at different limits as well. If other pros decide that they're going to play 8-10 $2/$4 blind NL cash games every day at the same times as me for a month, even though I'll end up playing against well over a hundred opponents every day, having those two or three guys in all of my games (you can't dodge them if they're in every game!) can severely impact my bottom line. On the other hand if they all decide for whatever reason to all of a sudden start playing tournaments or bigger or smaller games, instantly my expectation goes up.
I decided to take today off to relax and regroup. Happily, since I've had a few nice months recently the immediate reserves we're topped off so even if I break even or lose a little bit for the rest of the month we won't have to dip in the major back up reserves which are all in the stock market.
Thursday, July 19, 2007
Totally Stalled
I won about $200 yesterday, but I managed to lose $500 today. I was ahead $300 when I took my lunch break (about 2/3 of the way through my work day) and feeling like I'd turned the corner and was back on track. Then I came back and all of a sudden I couldn't win a hand. At one point I had $400 evaporate in the span of literally 45 seconds when I lost three significant hands on three different tables simultaneously. On one of them I was an 11 to 1 favorite when all the money when in on the turn, in another I was a 5 to 1 favorite on the flop and on the third there was only one card in the deck that would complete my flush draw and make my opponent a full house and that's the one that came on the river (if any other card comes at least I wouldn't lose all my chips and there were 8 that would have made me a winner).
It sounds like terrible luck, and it is, but at this point I'm starting to think that I'm doing something horribly wrong. I just can't seem to win. Like I mentioned in my previous post it makes no sense! I've been winning steadily since the middle of March when I switched to cash games, but for some reason I just can't make it happen lately. I'm trying to have a good attitude and tell myself that it's going to turn around. But after ten days of punishment it's hard to feel anything but frustrated and upset.
I'm sure part of the problem is I'm losing my composure much more quickly than I normally would. I do my best to not let it impact my play and for the most part I feel like I'm doing a good job, but there's no doubt that my emotions are not helping. Another downside is it sucks to end my workday feeling really pissed.
My goal tomorrow is to win $1. We'll start with that and see what happens.
It sounds like terrible luck, and it is, but at this point I'm starting to think that I'm doing something horribly wrong. I just can't seem to win. Like I mentioned in my previous post it makes no sense! I've been winning steadily since the middle of March when I switched to cash games, but for some reason I just can't make it happen lately. I'm trying to have a good attitude and tell myself that it's going to turn around. But after ten days of punishment it's hard to feel anything but frustrated and upset.
I'm sure part of the problem is I'm losing my composure much more quickly than I normally would. I do my best to not let it impact my play and for the most part I feel like I'm doing a good job, but there's no doubt that my emotions are not helping. Another downside is it sucks to end my workday feeling really pissed.
My goal tomorrow is to win $1. We'll start with that and see what happens.
Tuesday, July 17, 2007
One Step Forward, two steps back
In the immortal words of Will Ferrel in the movie Zoolander, "I feel like I'm taking crazy pills!" After winning $5,300 in the first 9 days of July without a losing day, all of a sudden I'm getting smoked every time I pick up the mouse. In the last 8 days I've dropped $3,300 playing the same way in the same games. It makes no sense!
The only explanation I have is I'm in the midst of a massive run of bad luck. Either that or on July 10th someone stole my brain and replaced it with a bowl of oatmeal. What I could really use (in addition to a stiff drink) is a total no brainer good day tomorrow. A day where I'm faced with almost no tough decisions, my cards are so good that I couldn't possibly screw it up and my opponents do a bunch of stupid shit that works to my advantage. I've had plenty of days like that in my career and what I really want is one of those days tomorrow. Not the next day, not on Saturday, but tomorrow! Because I'm getting really frustrated and not only is this bad run getting expensive, but it also makes working a miserable chore.
The only explanation I have is I'm in the midst of a massive run of bad luck. Either that or on July 10th someone stole my brain and replaced it with a bowl of oatmeal. What I could really use (in addition to a stiff drink) is a total no brainer good day tomorrow. A day where I'm faced with almost no tough decisions, my cards are so good that I couldn't possibly screw it up and my opponents do a bunch of stupid shit that works to my advantage. I've had plenty of days like that in my career and what I really want is one of those days tomorrow. Not the next day, not on Saturday, but tomorrow! Because I'm getting really frustrated and not only is this bad run getting expensive, but it also makes working a miserable chore.
Thursday, July 12, 2007
The World Championship of Onine Poker (WCOOP)
The WCOOP is the largest and most prestigious set of poker tournaments in online poker. Much like the WSOP the, WCOOP grows a little bit every year. When they started running the WCOOP in 2002 there were only a handful of events and first place in the main event was only $65,000. Two years ago, the first year that I played, there were 15 events and last year there were 18 with a main event first prize of over $600,000. This year there will be 23 tournaments (starting on September 14th) with buy ins ranging from $215 on up to $5,200. Here is a link to the full schedule of events.
I'm not sure how much I'm going to invest in this years WCOOP or how many events I'm going to play. Some of it will depend on how my results are between now and the middle of September and we'll have to see how having a new baby around impacts our finances. If someone dropped $100,000 in my lap right now, I'd play 15 events with buy ins totaling about $8,000. If I don't have anyone investing, I'll probably play 7 events with buy ins totaling around $2,000.
I expect that other people will have some interest in betting on me, even though I haven't exactly brought home the bacon for my backers in the past. Since I'm interested in playing as many events as possible, I'll gladly except backing from anyone for pretty much any amount. If you're someone out there like Tom (Hey Tom) and you want to take a $100 shot so that reading this blog is more interesting for a few weeks in September, send me an e-mail (wesdave1279@yahoo.com) and you can join the team of people with financial interest my 2007 WCOOP.
Unlike the WSOP where I've pretty much gotten my ass handed to me, I've done pretty well in the WCOOP in the past. I've made the money in about 20% of the events I've entered and I've had a few where I was knocking on the door of the big money when I got eliminated. It's important for my long term career to keep trying with these big tournaments and if I keep trying eventually I'll have another really big hit like I did in August 2005. It would also be nice to win some money for the poor saps who've been striking out along with me for the past few sets of big tournaments. I'll have more on the WCOOP and my plan when the time gets a little closer.
I'm not sure how much I'm going to invest in this years WCOOP or how many events I'm going to play. Some of it will depend on how my results are between now and the middle of September and we'll have to see how having a new baby around impacts our finances. If someone dropped $100,000 in my lap right now, I'd play 15 events with buy ins totaling about $8,000. If I don't have anyone investing, I'll probably play 7 events with buy ins totaling around $2,000.
I expect that other people will have some interest in betting on me, even though I haven't exactly brought home the bacon for my backers in the past. Since I'm interested in playing as many events as possible, I'll gladly except backing from anyone for pretty much any amount. If you're someone out there like Tom (Hey Tom) and you want to take a $100 shot so that reading this blog is more interesting for a few weeks in September, send me an e-mail (wesdave1279@yahoo.com) and you can join the team of people with financial interest my 2007 WCOOP.
Unlike the WSOP where I've pretty much gotten my ass handed to me, I've done pretty well in the WCOOP in the past. I've made the money in about 20% of the events I've entered and I've had a few where I was knocking on the door of the big money when I got eliminated. It's important for my long term career to keep trying with these big tournaments and if I keep trying eventually I'll have another really big hit like I did in August 2005. It would also be nice to win some money for the poor saps who've been striking out along with me for the past few sets of big tournaments. I'll have more on the WCOOP and my plan when the time gets a little closer.
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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...
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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...
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I know for a fact that the right thing to do when I'm winning in a given session is to play longer and press harder to capitalize on t... -
First of all thanks to my wife Jen, for posting some of the little tid bits that I texted. I haven't done much texting and I have an old...
