Thursday, October 19, 2006
Poker Bully: Political Operative
Subject: Senate Race in Arizona
Dear PPA,
The senate race in Arizona is closer than anyone had previously thought possible between Jon Kyl and Jim Pederson. Obviously it would be in the PPA's best interest for Jim Pederson to win this election.
I have attempted to contact Pederson's office to see if I could discover his stance on internet gaming. His office was unwilling to give an opinion. I have heard from other friends, that Pederson's office does not consider this to be an important issue.
I think as the campaign comes to a close, they would be willing to pick up as many votes as possible. Obviously there are possibly thousands of online poker players in Arizona. Has the PPA contacted Jim Pederson about this legislation? Could you tell me how many members of the PPA are Arizona Residents, so I could have some additional information for the next time I try to call Pederson's office about this topic?
Keep up the good work.
Larry
Here was the PPA's response:
Hi Larry,
Thank you for your e mail. I have looked at this race between Kyl and Pederson and it is a close race. I will pass on your suggestion about working with Pederson’s camp for this election and the president of the PPA will see this e mail as well.
Thanks for your support,
Jason Chaput
Poker Players Alliance
Monday, October 16, 2006
Progress Report on Goals for 2006
Professional Goals
1. $500,000 in production credits in 2006 for my job. My father and I are on track for this goal, but we don't have a lot of slack. We need to keep it up for 3 more months.
2. $95,000,000 in assets under management. Currently we are at 91 MM. It's still possible but looking a little tough. I probably have 1.5-2MM in the pipeline, but some of it will probably not come in until 2007, and we may need a little market appreciation.
3. Qualify for Chairman's Club. This would have taken 600k in production credits so it was in conflict with goal #1. A little too optimistic.
4. One new client from Phoenix Country Club. Nobody yet, however I did get one client to join Phoenix Country Club so that should help in the long run and passing my name around.
Personal Goals
1. Show Michele I love her by doing at least one nice thing for her every week. I think I have lived up to that for the most part.
2. Get Michele pregnant. Baby Jake is due to enter this world on November 17th. This was probably the goal that was the most fun accomplishing. :-)
3. Lose 10 pounds and keep weight at 220. After I set this goal I managed to ballon up to 235. I had recently dropped to 225 and have probably slipped a little since then. It's still possible with a little discipline.
Poker Goals
1. Win over $1,000 in a poker tournament. On 5/29/06 I won over $1,500 in a World Series Main Event Qualifier.
2. 40% in the money and 20% ROI on the $50 SNG's. Not even close. I am currently refocusing on the $20 sits and hope to do well. Now that Party Poker is closed, I am not sure I can get the hand histories from Full Tilt or Doyle's Room into Poker Tracker.
3. 4 table with 2 monitors at 3-6 online with 2 BB per 100 hand win rate. Once Party Poker opened up 6 handed tables, all the fish seemed to move there. I was not as confident in my short handed game and never moved up to that high a level.
4. Win a satellite into the World Series of Poker Main Event. This is the goal that was the most fun trying to achieve, but train wrecked my other poker goals. I tried for the first few months to build up my bankroll to make a satellite run. I hit a bad patch, so my bankroll was not as high as I would have liked. I came very close in a couple of satellites to qualifying, but washed out.
Golf Goals
1. Shoot par for one round of golf. My lowest score over the last 6 months is a 77. The golf gods have conspired against me on this one. I herniated a disk in the summer of 2005 and it took me until January of this year to feel like I was back to 100%. This was just in time for our golf course at Phoenix Country Club to go into the shitter. It would have been a miracle to shoot a really low score on the dirt greens we had early in the year. Finally they hired a new greenskeeper and he shut the course down for the summer as he installed new greens. I could still play other courses in the valley, but I could not practice my short game. The course had reopened on Labor Day in great shape, but it was only for 1 month before they had to shut it down again for overseeding. In the mean time, I had another minor back episode that kept me off the course for a couple of weeks.
2. Handicap of 5 or lower. See above for most of the explanation. With a baby due in one month, this one looks impossible. I would have shoot at least 4-5 rounds in the low 70's to bring my handicap down that far.
3. First place in a golf tournament at PCC. I came really close with my friend Mike, in the Sidewinder in March. We had the lead going into the final round. We ended up losing by 1/2 a stroke.
Financial Goals
1. Save $20,000 in a taxable account.
On 12/31/2005 I had the following:
Cash $17,705
Mut Funds $25,894
-------------------------
Total $43,599
Currently I have:
Cash $9,393
Mutual Funds $35,239
--------------------------
Total $44,632
I have been putting in $1,000 a month into different mutual funds, but apparently I have just been whittling down the cash balance I started with in the beginning of the year. Although, that number is deceiving because I had to write a check in April to the IRS for about $2,400 net in taxes from selling my rental home last year. That was money I had set aside from the sale in 2005, so my cash balance at the end of the year was a little over inflated.
2. Save the maximum in my 401k including company match. I hit the max of $15,000 in my last pay period. This is the first time I have ever maxed out in the dollar category of 401k savings. My first year at Arthur Andersen out of college I maxed out at 15% of my pay, but my salary was only 30k.
3. Rent my house on Carson for $1,200 a month starting in March. I did accomplish this for 6 months. I am now trying to sell the house. I started it at $399,900 and have lowered it to $369,900. Bill seems to think it may need to go down to $350,000 before someone bites. That sucks because the comps 6 months ago would have priced it at least at 400k.
Overall, it's been a pretty good year so far. The main upheaval is the poker section, obviously. It may take until January 2007 for me to get a feel for what I can accomplish with the new online landscape.
Wednesday, October 11, 2006
Another Shot at a Casino AZ tournament
Since my weekly Wednesday night game was canceled this week and my wife was busy driving back from Parker, AZ I finally took him up on the offer.
Since you need to get there early to make sure the tournament is not sold out, I arrived around 5:00 PM. I immediately got a seat in a standard 3-6 Hold'em table where everyone was awful. This time my strategy was to try really hard to win the first pot I voluntarily enter. It's so much better for my state of mind and my table image if I start out winning.
Luckily, my 2nd hand was pocket queens. They held up against the loose aggressive player on my left who had pocket Jacks. A while later, I took down a multiple raised pot with a King high straight and I was up $80. Hey, I might get to free roll this $130 tournament if things keep up.
Finally Jeff arrived around 5:45 and I took a break. Jeff did not want to play 3-6 while he waited so we found a 4-8 table with two seats open. I racked up my $180 and sat down with Jeff.
I immediately began to lose my profits. I got a bit unlucky when a guy on my right limped into a multi way pot with pocket Aces. I of course raised on the button with Ace-King. Everyone's in and I hit my King on the flop. Opponent bets, I raise, he reraises, I call. The turn and river I call down. Another guy flops a set of 5's against me when I hit top pair again and now I am back to even.
During my observation of the table from the 10 seat, I notice the young guy in the 1 seat is a really bad player. I happened to notice that he played 2-4 offsuit in early position and drew to an inside straight. He also tended to bet his weak hands.
A few hands later, I am on the button again with pocket 7's. 5-6 people limp in and I limp as well. The one seat bad player raises and everyone calls. The flop is 9-6-2 rainbow. The bad player checks and everyone including me checks around. My guess is he has Ace-King. The next card is a 10 and he leads out. Everyone folds to me. With a little bit of tilt creeping in and the fact that I still have him on Ace-King, I call. The river is a Jack and he bets into me again and I call. He shows 2-7 offsuit and my hand is good.
One round later, I raise with A-J and the one seat calls. I flop the Jack and lead out, he calls. Turn is a low card, I bet he calls. The river puts out a possible straight, so I check. He bets and I call. My hand is good again. Now I am back up to my $80 mark. I tell Jeff that this guy might be my personal ATM.
Eventually I racked up a $65 profit and headed over to my tournament seat. Once again, I get the crappy seat to the right of the dealer. I start with 2000 in chips and 25-50 blinds. The levels are only 20 minutes and there are no ante levels. I believe the only way to win these is to win your first couple of hands, and then double up each round. Once you get to the third level, the average chip stack is about 10 blinds, so basically you have to get called on a push and win a race.
I of course do the opposite. I have Ace-little on the big blind and there are 5 people in the pot. I flop the Ace, but my position sucks, so I check to see what everyone else does. Everyone checks. The turn is another low card which puts a possible wheel out there. This time I bet 300 trying to take it down. Another guy shoves all in for about 1600, and everyone folds to me. I muck it pretty quick and the nice guy shows me his straight.
From there I managed to slowly chip up. I turned a pair of 7's into a flush in a big multiway pot and did not get called when I moved all in. I reraised all in with AK against a raiser and caller. The first raiser folded, but the second guy called. He also had AK so we split up the dead money. I raised a coupld of times preflop with good hands and everyone folded. I even noticed a tell on the guy in the one seat. He would always look at his cards right away and grab chips if he was going to play. I also realized that the guy on his left was pretty tight, so there would definitely be some opportunities to steal. I pulled it off one time with 10-3 suited.
So for a very short time, I was the chip leader at my table with about 15x the blind. After we got to the third and fourth levels, players started to bust at my table and new players arrived with more chips than me. This is when things started to get crazy for the other players at the table.
There were three hands where the two players were all in. One player would be ahead preflop. The other guy would pull ahead on the flop. Then the first player would resuck out on the turn or river. It definitely seemed like you were the underdog if you were the favorite preflop.
I was watching all of this and folding my bad hands, looking for the right opportunity to gather chips. Finally in the small blind, it's folded to me and I look down at A-4 offsuit. I now have 2800 in chips and the blinds are 150-300. I had been watching the player in the big blind in the one seat for his tell. He had not grabbed any chips and he had actually turned around to talk to a friend who was standing behind him.
This looks like an easy steal, so I move all in. "Oh!, I call" he says instantly. I jump up in my seat in shock and say, "Uh, oh" I think the table expected me to turn up complete crap. I turned over my Ace-4, but the big blind has Pocket Kings. Since the underdog had been sucking out, I thought I might have a chance, but my Ace must have been buried deep in the deck. I was left with less than one blind after the blinds went up to 200-400. A few hands later my Ace-Jack fell to King-7 and I was done in 98th place out of 180.
Jeff was very short stacked when I got up. He told me that he wanted to place in the top 80. I told him he would need to win a couple of pots. I guess he listened because he texted me when I got home that he had finished in 44th.
I really wish I could have watched Noah play in a couple of these where he did well. I still find it hard to believe that there is much skill involved in getting to the final table.
Tuesday, October 03, 2006
Black Sunday for Online Poker
“Bye Bye Miss American Pie, drove the Chevy to the levy but the levy was dry. Those good old boys were drinking whiskey and rye and singing this will be the day that I die”
Don MacClean
Late Saturday night, the US Government may have sounded the death knell for the poker boom. That insider trading, goat fucker, Bill Frist attached language to the Port Security Bill that outlaws financial institutions from letting their customers send money to online gaming sites. It will become a law when President Bush signs it in a week or two. The banks have 270 days from that time, to figure out how to code transactions so they can prevent the unauthorized transactions.
To quote Roman Moroni from the classic movie Johnny Dangerously, “I would like to direct this to the distinguished members of the panel. You lousy cork suckers. You have violated my farking rights. Dis somanumbatching country was founded so that the liberties of common patriotic citizens, like me, could not be taken away by a bunch of fargin iceholes…like yourselves.”
Today when the stock market opened in London, all the publicly traded poker room sites got hammered. I cashed out my 2600 shares of Partygaming at $0.85 a share after buying some at $2 and my original purchase at $3.
So far, Party Poker and 888 holdings have released statements saying when Bush signs the bill that they will freeze all US players’ accounts and they will not be allowed to play on their sites. As far as I can tell, you are still free to withdraw your funds and not face any penalties by US law. I am sure the other poker sites will follow suit.
I did see one post on 2+2 where the site True Poker said they will continue to accept US customers. Since they only have poker on their site and they believe that “poker” does not fall under this new law, that they will be exempt. I sincerely hope that’s true, but I really don’t believe it.
I don’t think True Poker has the financial resources to fight, but Full Tilt might. I sincerely hope that somebody stands up and says, “Please try to arrest us, we would love to fight this battle in court!” That might be the only way to settle the debate on whether Poker is a skill game in the eyes of the US Government.
The other slim chance is that the lobbying efforts of the Poker Player Alliance and others can get a carve out for Poker attached before the 270 days are up or during a vacation session before the Congress officially ends it’s session for the year.
So in addition to the $500 of my bankroll that I lost in September due to learning No Limit Hold’em, I have now lost over $4,800 in the stock market. I figured it was a good hedge since if I lost playing poker, that at least the stock should make money for me. Obviously the legislative piece was not considered in my sophisticated hedging formula.
Just for fun, I am going to make a few predictions and see if any of them come true one year from now. This assumes that I will still be writing in this blog or even playing much poker. That is a big assumption.
1. The World Series of Poker will have its participation cut by at least 60%.
a. The vast majority of the players in the Main Event satellite in online
b. Since no US citizens can satellite in via online poker rooms, the field will be less than 4000
2. A Foreign citizen will win since they will outnumber the US citizens
3. Online poker will still be alive in the US, but just barely
4. The largest online companies like Pokerstars, Partygaming, and 888 will survive and make money in the burgeoning international markets and possibly China.
5. The stock of these companies will not recover to their previous highs.
6. I will only be playing poker in a weekly home game or in Las Vegas
a. My son is being born soon, taking up a lot of my poker playing time
b. I won’t be able to play online and feel my money is safe.
c. The rake in low limit casino poker is so bad, that it is near impossible
to make money in the long term.
I once saw the disintegration of the Internet industry in the stock market in 2000 and 2001. There were a lot of people with rosy predictions that their company would never go away. I often heard the quote of, "The internet is not going away". That took 2 -3 years to unwind.
This past weekend is the same thing, except it is all happening overnight. I would not be surprised to hear of a suicide of a top player who loses his sponsorship, players moving out of the country, or small poker sites taking off with their client's money.
Thursday, September 28, 2006
What Am I Doing Wrong In NL Hold'em?
No-Limit Strategy
Most players who earned their stripes playing in the public cardrooms of Vancouver learned to play one game only: limit hold'em. But now, in the post-WPT, post-ESPN world, it's no-limit hold'em that everyone wants to play. While many of the players in a typical no-limit hold'em game might be new to the game, trying out the "all-in game", many are seasoned players at big-bet hold'em, making them formidable no-limit players.
I am one of those players. I was raised in the limit hold'em cardrooms of Vancouver. I enjoyed success in the relatively loose, passive low- and mid-limit games that were prevalent of the time. I didn't play much in the way of no-limit hold'em cash games until I started playing more on the internet. Until recently, it was hard to find a no-limit game in the public cardrooms of Vancouver. Even the major casinos and cardrooms in Las Vegas and Los Angeles rarely spread no-limit cash games. So until recently, if you lived in North America and wanted a good selection of no-limit hold'em cash games to play, the internet was the place to do it. Nowadays, of course, there aren't many cardrooms where you won't find the "Cadillac of Poker".
Initially, I had a hard time adapting to the differences between limit and no-limit hold'em. Poker players often refer to opponents derisively by saying they play with a "limit" accent in no-limit games, or vice versa. In this article, I'd like to talk a bit about how a winning limit hold'em cash game player can become a better no-limit hold'em cash game player. The easiest way to do that is to talk about the typical mistakes a successful limit hold'em player makes when he changes over to no-limit.
1. Betting too often
This first mistake may come as a surprise. After all, isn't no-limit hold'em a game of aggression? Aren't the super-aggressive players like Gus Hansen and Phil Ivey the most feared opponents at a no-limit hold'em table? Doesn't the undisputed all-time guru of no-limit hold'em, Doyle Brunson, advocate a powerful, attacking style?
The answer to all of those questions is yes. Doyle's (and Gus' and Phil's, among others) style of picking up small pots whereever possible is as valid now as it was when he literally wrote the book on no-limit hold'em 30 years ago. However what most successful, strong limit players converting to no-limit don't realize is that you don't have to bet medium-strength as often in limit hold'em. In limit hold'em, the pot is your primary concern. Since the pot is laying you good odds, you often need to bet - whether it's to protect your made hand, or as a semi-bluff. For example, in limit hold'em if you're heads-up on the turn against one opponent, and you're holding a hand like middle pair, you should usually bet the turn even if you're really not sure whether you have the best hand. That's because if you check and allow your opponent a free card to draw out on you for free in a situation where he would have folded, you've cost yourself a lot of money. However in no-limit, since for your bet to have credibility it needs to be about one-third to two-thirds of the pot, the price of protecting your hand is much more. Therefore it's not a huge disaster to give up a free card which costs you the pot, if you had significant doubts about whether your hand was best.
Another instance of this is when you hold a good draw. Let's suppose in limit hold'em you raised before the flop with AsKs and got two callers. The flop comes down Js9c2s. You bet, as you should, and one of your two opponents call. The turn is no help to you, a 7h. Your opponent checks to you. In limit hold'em, unless you have some information about your opponent that indicates to you that you should check, you should typically bet in this situation. Your opponent may fold a better hand like Ad9d, ThTc, Ac2c or even 9h8h. You may still have the best hand, if your opponent holds a hand like QsTc, Th8h, KdQs, or 7s6s. Because it's relatively cheap to do so, and chances are reasonable that you'll win the pot, you should bet. Even if your opponent was sandbagging a huge hand like 2h2c and raises you, this is unfortunate, but not a disaster, because you can still call and draw out on him.
However, if the exact same sequence occurs in no-limit hold'em, it is probably a significant mistake to bet (again, unless you have some information about your opponent that indicates you should). In no-limit, when an opponent checks and calls the flop, it indicates a much stronger hand than it does in limit. While in limit it is usually correct to take a card off with a mediocre hand or a weak draw, in no-limit it is usually incorrect to make these calls, because the size of the bet (and implied bets on future streets) is so much larger. Thus you're probably against a bigger hand than you were in the limit scenario. But more importantly, in no-limit, you can be raised off the hand. If you bet in second position and your opponent check-raises, he will probably raise you so much it would be incorrect for you to draw at your flush. Now you have to fold. By betting and allowing yourself to be check-raised, you've cost yourself not only your bet and the pot, but also any bet that you would have won on the river after completing your flush (or even top pair, if that was enough to win).
Yet another situation where limit players bet too much is in last position on the river. In limit hold'em, holding all else equal, you should typically bet top pair on the river against a single opponent. In no-limit hold'em, it's often a mistake to do so. By the time the river card is dealt in limit hold'em, the pot is usually laying your opponent good enough odds that he will call if he has anything at all. Therefore you value bet knowing your opponent will call with almost any kind of hand. In no-limit, however, it's rare that an opponent will pay you off with a hand that top pair can beat, unless you have a profile as an aggressive bluffer. The reasons for this are both mathematical and psychological. Mathematically, if you make a solid bet on the river, your opponent is not correct to simply "call for the size of the pot". Psychologically, many opponents have a much harder time calling say, $1500 on the river in a 10-25 blinds NL game, than $200 on the river in a $100/$200 limit hold'em game. In addition, we have the same problem as the previous scenario, presented in a different way: If your opponent puts in a big check-raise, you'll probably have to lay down your hand. By betting, you've opened yourself up to the possibility of a bluff-raise on the part of your opponent, which you can't call. In limit, the pure check-raise-bluff on the river is fairly rare, as the bluffer knows that the bettor is getting good odds to call that last bet, and probably will.
2. Paying off too much
Suppose you're heads-up on the flop against a very aggressive player. He's raised before the flop, and you were the only caller. You make something like middle pair with an ace kicker. True to his style, he's come out gunning on the flop, and there's no indication he's going to stop betting any time soon. Should you call him down?
In limit hold'em, the answer is almost certainly yes. Unless you pick up a tell or the board gets very scary, you normally should call down heads-up with middle pair against a very aggressive opponent. In fact, calling down is often preferable to firing back at him, because you're letting him bet your hand for you if he has nothing. Because you he's a gunner, you're not afraid of giving free cards - he's going to take care of the betting for you.
In no-limit, however, calling down an aggressive opponent automatically is a recipe for disaster. If you buy in for around 50-100 times the big blind, your entire stack is in danger any time you play a pot against an aggressive player - even if you never raise. Let's suppose the game is no-limit with $5 and $10 blinds. If your opponent raises to $50 before the flop, you call, and check and call a pot-sized bet on the flop and turn, you'll be facing a bet for pretty much all your chips on the river. Are you so confident in your read on your aggressive opponent that you're consistently willing to back your stack with middle pair? If so, I want you in my game.
Usually the best thing to do against a very aggressive player like this is to fire back at him early in the hand. A good-sized raise preflop or on the flop will tell your opponent that you mean business, and that he's going to have to risk his stack if he wants to take you off the hand.
Another spot where good limit players fail in no-limit is paying off on the river. In a limit game, a good player will often raise preflop, lead out on the flop, bet again on the turn, and again on the river. Sometimes the good player will get raised on the river and figure that he is beat, but pay off anyway. As we discussed earlier, he is usually correct to do so. However in no-limit, if the player with the initiative gets raised, his best play is often to fold, not call.
3. Over-defending blinds
In middle- and high-limit hold'em games, say 30/60 and above, players must be careful not to give up their blinds too easily, especially if the raiser is first in from a late position. Since the big blind is getting 3.5:1 to see the flop, he must call quite liberally against a player first in on the button.
However in no-limit games, the big blind is usually not getting such good odds to call (most opening raises in no-limit cash games are 3-4 times the big blind, making the immediate pot odds about 2:1 for the big blind). But far more importantly, the positional handicap suffered by the blinds is much more pronounced in no-limit play. If a strong opponent acts behind you, he can often infer weakness from your betting patterns and steal pots on later streets. He can also get far more value when he suspects that you've got a good hand, but he's got an even better one. In limit, position often helps a good player win a bet or save a bet. In no-limit, position often helps a player win the entire pot, win a big pot instead of winning a smaller pot, or lose a small pot instead of losing a big pot.
Again, concrete examples may help. Let's say your opponent raises, first in from the button in limit. You call with a hand like 9c7h, which is a correct defence heads-up against a button raise. The flop comes down Kh8c6h. Depending on your opponent, your playing style, and how you are perceived at the table, you may choose to play the hand hard, hoping to take your opponent off a better hand, or play it softly hoping to hit your straight for a good price and get paid off when you make it. Nevertheless, you won't be blown off the hand, and it won't cost you a lot of money when you miss your hand.
Compare the same hand in no-limit. If you choose to check and call the flop, and you miss on the turn, you could be faced with a bet that makes you lay down your draw. If you make an aggressive play for the pot and either bet out or check-raise on the flop, you'll be in no-man's land on the turn if your opponent calls and you haven't improved. Now you're in the uncomfortable position of either making a large bet on the turn as a probable dog, or meekly giving up the initiative and check-folding to a large bet.
4. Over-valuing "big cards"
Many no-limit authors have already written that while hands like AK, AQ, AJ, KQ, QJs, KJs and so forth can be your bread-and-butter hands in limit hold'em, they can be downright treacherous in no-limit. The most common playable flop for these hands is top pair with a good kicker, which is a definite money maker in limit hold'em. Even in no-limit hold'em tournaments - especially in the later stages where the ratio of blinds to stacks is larger - these hands should often be played hard. But top pair has broken many an unweary no-limit player in cash games. To play top pair correctly with over 100 big blinds on the table requires a lot of finesse. The skillful no-limit player walks a fine line, trying to make money with the hand without being broken with it. Again, position is critical when playing a hand like this, as it can often earn a good-sized bet from a dominated hand like top pair with a worse kicker, or save a large bet if the hand is second-best.
Big pairs are also vulnerable in deep-money no-limit. Heads-up in limit hold'em, you're almost always getting to the river with your big pairs unless the board looks very scary. Whether it's you or your opponent who is leading the betting, your hand is usually good enough to get to the showdown.
When there is lots of money to be played, the only hand you can feel very good about putting all your money in with before the flop is two aces. After the flop, while many people believe that two jacks is the toughest hand to play in no-limit, many experts believe that it is in fact two kings. When you've re-raised before the flop with two kings and get played back at on the flop, you have to consider two possibilities: that your opponent flopped a set, or that he slowplayed two aces before the flop. I'd bet on AA, KK, QQ and JJ winning money in the hands of just about any competent player, but the truly skilled no-limit player knows how to maximize his winnings when he's up against a weaker player while keeping from getting broke when the hand is beat.
***
Conclusion
It takes a lot of education and practice to develop the skills necessary to becoming a winning limit hold'em players in the middle and high limits. But many winning limit players don't understand why they fail when they step into the no-limit arena. If you're a successful limit player and you haven't quite enjoyed the success you think you deserve in no-limit cash games, consider whether you're making any of the mistakes outlined above. On the contrary, if you're already an experienced no-limit cash game player, think about the some of the mistakes your limit cash game opponents might be making, and try to find ways to exploit them.
(sigh)
Thursday, September 21, 2006
My KK gets Hammered!
I did not have a good start. I tried to limp in a few times and was either raised out preflop, or I called and totally whiffed the flop. Before I knew it, I was down to $30. I told myself to tighten up and wait for premium hands.
Usually we have a rebuy period for the first hour. $20 for $20 in chips. We start with $40 in chips, so it’s really not a good deal. However, a couple of the guys like to go crazy at the end of the rebuy period if they are low on chips. Craig is one of these guys.
Craig was in the small blind and had whittled away to $15 before the start of the hand. I was dealt KK in middle position and raised to $2. Everyone folded to Craig, who called the raise. While he was calling the bet he announced, “I think Larry is trying to steal my blind, so I have to call.”
The flop is 3-5-6 rainbow. Craig immediately moves all in for $13 into a $5 pot. I’m about 95% sure I am way ahead and waste no time in calling. Craig turns over “the hammer” 7-2 offsuit. The turn is a blank. The river is a fucking 4 and Craig gets a straight.
The blinds go up to .50-1 the next hand and I have $15 left. I hang around for a long time, picking up a small pot, here and there. By the time the blinds were up to $1-$2 I had built my stack up to $35.
Then I went on a bit of a rush. I flopped a full house twice and won a big pot and small pot. I also stole the blinds a couple of times as well. Before I knew it, we were down to 4 players. This is when some of the bad luck returned.
I raised with Ace-King into Medical Kory. He pushes all in and I call. He turns over pocket Aces. Mike is eliminated and we are down to 3 players. The blinds are 2-4 and I have about $80.
In quick succession, I lose 3 pots to Craig where I am forced to fold preflop or on the flop after big bets from him. He had a hand every time. I wanted to play a little careful since Kory only had 6x the blind left when we started 3 handed. Before I knew it, we were almost even.
The blinds increase to 3-6 and I am dealt A-6 of clubs. I move all in from the small blind and Kory calls from the big blind with A-8. An 8 on the turn and I am bubble boy.
Overall I felt I played pretty well. I made a nice comeback from my early bad beat. If the cards fall right for me in a couple of places I may have been able to take out Craig.
I still am not able to pick up many tells on the guys. I would think that I could do that by now, but I am still kind of clueless. Maybe I’ll thumb through Mike Caro’s book again and look for a couple of tells that I am not looking for.
Wednesday, September 20, 2006
Luck vs. Skill
Last night went from 27 players down to the final table. Jamie Gold, the eventual winner, picked up the craziest hands I have ever seen. Every time someone went all in, he woke up with a better hand.
Jamie raises 8-7 offsuit and gets reraised by Prahlad Friedman. Jamie thinks 2-1 odds is good enough so he calls. The flop is 4-5-6. Bye Bye Spirit Rock. Gold raises with K-6 suited and the flop has two 6's along with an Ace so his opponent with A-K can go broke. On and on and on.
Jamie finally lost an all in hand with a straight draw that did not come in. He steamed so much that he lost a big pot the next hand when he stupidly called 2 Million dollar raise on the river with a paired board and he only had a 10-high flush. He has Allen Cunningham in the pot and he bets the river with a medium flush? What the hell else is Allen going to raise with except a better flush or a full house? You check that river against a seasoned pro, you dummy!
Jamie: How could I get away from that hand? I can't fold a flush
Allen Cunningham: Yep that was a cold deck ( I can see him smirking as he says that to all the fish he plays with)
Allen must have been exceedingly card dead at the final table to not win this thing.
Then, the moron who pushes 20x the big blind in with Q3 off suit on the button. It's the final table bubble. After 5 days of seeing idiots call big bets with crap, how can you pull this move?
I was also amazed that Richard Lee was down to less that 10 big blinds before he came back. He had a legitimate chance to win at the final table before he overplayed his Jacks.
Michael Binger was a goner when his pocket Queens ran into pocket Kings. Somehow he hits his 3rd Queen and survives. He goes on to take 3rd place and basically ruin Allen Cunningham's chances by surviving every all in against him.
But I can't fade 3 outs twice against me in a $22 tournament. Poker is so unfair.
Monday, September 18, 2006
Small Tournament Milestone
My early tournament hands were really uneventful. I am staring at my Poker Tracker stats and here is the early going:
Blinds Total hands win/lose
10-20 14 (50)
15-30 13 240
25-50 16 (325)
50-100 19 550
So as you can see I played with my original stack amount for quite some time. I finally picked up some hands and they held up and I began to plow through the field.
As everyone knows, you need to get lucky a few times to go far in these tournaments. I was up to 5,860 and 2nd in chips at my table. The blinds were 100-200 and I decided to steal the blinds with Ad-6d from middle position. It's folded to the small blind with 1330 in chips. He pushes all in. I am priced in so I make the crying call and he turns over KK. The flop is T-Q-9 all hearts. Absolutely no help for me. Luckily my opponent does not have a heart either. The turn is an 8. And the river is a beatiful 7 giving me a runner-runner straight. They moved me to another table right after the hand finished so I did not even realize how I won the hand because I was looking for an Ace.
A few hands later I am at 7,990 in chips and blinds are 100-200 with 25 ante. I open raise in the cutoff with Ace-Ten offsuit to 600. The small blind "Rippyken" calls and everyone else has folded. The flop is Js-7c-4h. It's very ragged so I figure my continuation bet should take it down. Instead Rippyken leads out for 600 into a 1,600 pot. The bet looks weak and the board looks so harmless, I decide that I can raise him off of it. I raise to 1800. Rippyken calls.
I did not want a call obviously. Now I am thinking he may have a set of 7's or 4's. The turn is a 6s and he checks the turn and I check behind. The river is a 4d, pairing the board. Rippyken checks again. I know the only way I can win this is by betting. However I feel like it will take a bet of at least 1/2 of my remaining stack to win it and I don't want to gamble. I check it through and he shows Qd-7d for a pair of 7's. I am surprised he did not lay it down preflop or on the flop, but I probably saved some money since if was willing to call those two bets, he probably would have called the river. So now I am back to 5,565.
About 10 hands later a carbon copy of the previous hand happens again. I have As-Th in the cut off position. I have one limper in front of me. This time I raise to 800. Rippyken calls again out of the small blind and the limper folds. The flop is 2s-Jh-4c. Another ragged flop. This time Rippyken checks and I check behind. I was thinking that this time, if I fire out on the turn, he may give me more credit for a hand. Plus it will give me another chance to see what he does on the turn. The turn is 3h. He checks and I bet 1800 into the 2,200 pot. Rippyken folds. He had shown weakness twice, plus I had better outs this time with a 5 for a straight or an Ace on the river probably gives me the pot as well. So I am back up to 6,465.
The blinds are up to 200-400 with 25 ante and I need to do something. I am down to 5140 in chips. I am in the small blind with 8-8. Boomerang with 5,605 in chips (who I had reraised a while ago when he tried to steal from my blind), open raises for 1,200. I push all in and he lays it down.
I fold 10-15 hands in a row again. I am in the big blind with Kd-Jh. A small stack raises all in to 1600. The blinds were 300-600 with 50 antes. Everyone has folded to me. I have to call. He turns over pocket tens, so I like my chances. Unfortunately, I don't win this race.
A few hands later I open push with 66 and win 1,800 to stay alive.
Then under the gun, I open push for 5,115 in chips with Ah-Jd. This is probably too aggressive. The blinds are 300-600 with 50 antes. I am not interested in sliding into the money so I feel that 8-9 times the big blind is short and I need to move up. I need to stop doing this. Be patient. Sure enough, kidjason calls with pocket 5's and I need to win another race. This time a Jack falls on the flop so I think I am winning. Then I realize that a 5 also fell on the flop, so I am crushed.
I am only left with 1,141 after this and I am in the big blind which is 600 plus the 50 ante. This is where I go on an incredible run. I have 6-7 offsuit. Kiddjason decides to min raise to 1200. GCagg with 14,000 in chips calls from the small blind and I of course throw in my last few hundred in chips. I flop the open ended straight draw and hit it on the river. So now I have 3,623 in chips.
Blinds go up to 400-800 with 50 ante. We are now to the money bubble. I guess players are starting to tighten up, but I don't know why since you only win $18 if you squeek in. I have Ac-2c under the gun and I open push for 3073. Amazingly everyone folds and I collect 2300.
In the big blind, the very next hand I am dealt a garbage 8-4 offsuit. A moron only min raises to 1600. The small blind calls, and since I am getting 10-1 I am forced to call. The flop is 8d-5h-2h. The small blind checks and I push in. Everyone folds and I collect 5100 in chips.
Then I pickup pocket 7's. I raise all in after two limpers and they all fold. What do you know, I am over $10,000 again. I raise again with pocket 8's and get no takers. I even win a pot with 6-3 offsuit in the big blind when everyone checks every street and I pair my 3 on the river. I think this was the hand that broke the money bubble.
This was a nice milestone because I had not yet made the money on the 180 person sit and gos until this moment. I paused briefly to pat myself on the back and then got back to work.
Not that it mattered much, but during the last 30 minutes of my tournament I had the computer at the dinner table and was enjoying lasagna made by Michele. I am glad she is so understanding about my hobby. I think a lot of wives would have thrown a tantrum. Not Michele.
So now I am pumped up to 13,898 in chips. I pass for a few hands and then raise with KQ. I get two callers. The flop is Qs-4s-3h. The pot is 8000 and I have 11,198 left after the preflop action. One player checks and I move in. They both fold. Now I am pumped up to 19,198 in chips. The blinds are still 400-800 with 50 antes so I have some room to play now.
Unfortunately, it all ended quickly and painfully. I am dealt Qh Jc on the button. It's folded to me and I raise to 2400. Bartonfa in the big blind calls the bet. Bartonfa is the chip leader at our table with 39,814 in chips. I briefly thought of just limping on the button to avoid tangling with him, but I figured if he comes over the top, I'll just lay it down.
The flop is Jd-6h-5d. Perfect. Bartonfa checks and I bet 4000 into a 5600 pot. He check raises me all in. I feel like I have too much invested in the pot, so I call. He turns over J-T and I have him crushed. He only has 3 outs. I'm gonna be chip leader at the table! I am gonna go all the way.......Ten on the turn. FUCK!!!!!!!!!!!! I am out in 15th with a whopping $18 profit.
How in the hell do guys do this for a living?????????
Thursday, September 07, 2006
Subtle Tilt
Last night I experienced the "I'm Tired of Being Raised All The Time" tilt. I played in the Wednesday Home Tournament again. I had nothing going early, but managed to maintain my original $40 stack. I finally got lucky and caught KK and doubled up when I flopped trips. Then in quick succession I busted two other players when I was dealt Ace-King in back to back hands.
With three players left, I had the chip lead against Medical Kory and Tavo. Kory is the guy who I beat heads up for my first and only victory in this weekly game back in August. Tavo is here for the second time. He's a little loose, but a pretty good player.
I figure since I had been playing pretty tight and I had shown down nothing but good hands, that I would start to bully people around. The next three hands that I was involved in, I raised preflop and then followed through with a continuation bet. Each of those hands, Kory raised me out of the pot. I was still in first place even though I had given Kory about $40 in chips over the last few hands.
On the Big Blind with A-6 offsuit. Kory calls, and Tavo folds in the small blind. I raise to $8 (4x the blind). Kory calls. The flop is A-K-9 with two diamonds. I have the Ace of diamonds. I lead out for $15. Kory raises me again. This time it's all in for $101 more. The other times he had raised me $10 or $20, so this was a big raise. He also just limped on the button, so I was not putting him on a big hand.
Because of the frustration of losing every pot to him, I could not get away from top pair and I called. Kory turned over Ace-Queen. I did not improve and I was down to 6 times the big blind. I eventually busted out 3 hands later.
One of the things I learned in the new Sklansky-Miller No Limit book is when you are at a No Limit table that you need to determine who you will play big pots with and who you will play small pots with. You can play the big pots with the loose-aggressive players with medium strength hands because a lot of times, your hand is good. If it's a tight player, you want to play small pots and chop away. If they come in betting or raising, you better have a really good hand.
Kory is definitely a player that I wanted to play small pots with. I broke my rule and paid for it with my tournament life. It kind of reminded me of one of the first times I ever played No Limit in a cash game at a casino. I had an old man on my right who was rock tight. He got involved in a hand with me where on the river I had the non nut straight. I bet and he raised me all in. If it is any other player at the table I should call the bet. Of course I call the tightest living human and he has the nuts and I lose to the one card that could beat me.
God damn this game is really hard sometimes.
Tuesday, September 05, 2006
What the Hell Do I Know?
Party Poker had given me a $40 bonus to come back and play at their site. I spent a good amount of time on their .10-.25 blind NL games trying to work off my hands to earn the bonus. I finally finished and had about $50 in the account. I decided to move back up to the .25-.50 level and play some more "serious" poker. I was stacked off within 15 minutes and the party balance is back down to nothing.
The first hand of my demise, I have QsJd under the gun. I limp in for .50 The small blind folds and Canalope in the Big Blind checks.
The flop is Qd Qc 5h. Yahtzee! Although I have a great hand, chances are that Canalope has flopped nothing. I want to give him a chance to catch up. Canalope checks and I check it through.
The turn is 7s. No flush is possible and very remote chance of a straight. I still have the best hand. This time Canalope bets out .50 and I smooth call hoping for a good card on the river.
The river is 6s. It makes a 3 card straight, but it's still not very threatening. This time he bets $2. I raise to $5 hoping for a crying call. Instead he raises me to $15. I just call since I don't have the nuts. Canalope turns over Qh 6h for the rivered full house. Man that sucks. Again another reason why No Limit can drive people crazy with the swings. In limit poker I only lose a couple of bucks on this hand, but in No Limit I lose close to $20.
My demise was soon to follow.
I am in the small blind with Kc Qd. Canalope calls on the button after one other limper. I complete and the small blind checks.
Flop 3s Qc 6c.
I bet $1. The big blind and other limper folds and Canalope raises me to $3. I call. Canalope did not raise on the button preflop but now he's raising on a pretty uncoordinated board. I put him on a weaker Queen, maybe QJ or QT. A set is a possibility but he hasn't had a chance to prove it to me yet. There is $8 in the pot.
The turn is Qh. Now I have top set with a good kicker. If he has a set of 6's or 3's I am screwed. If he has the weaker Queen, I'm in great shape. I decide to go for a check raise since he raised on flop. I check and Canalope checks behind me.
Now I am convinced that he has a weak Queen or maybe a pair of Tens or 9's.
The river is a Jack of hearts. Even though I thought he may have QJ, there are a lot of other hands that I beat so I lead out for $7 an almost pot sized bet. Canalope raises to $25. What the fuck! I don't wait to try and talk myself out of it and I call. Canalope shows Ace-Queen and my hand is no good.
Canalope played the hand sneaky slow and unconventionally and it worked to perfection.
So I am back down to $0.50 in my Party Poker Account.
However, I did make a strong comeback on Full Tilt. I am up a net $60 since my last post due to some nice wins on Full Tilt and a marathon 8 hour session at Casino Arizona yesterday.
We'll see how I do on the Wednesday night game this week.
Wednesday, August 30, 2006
Let's Review What I've Learned Lately
1. Seldom bet a hand that seems average for the situation.
This is stolen from an article by Mike Caro in Bluff Magazine. The explanation is below.
This practice of betting medium hands drives me crazy. Listen. When your hand seems about average for the situation - right in the middle of what would be defined as a good hand or a bad hand - you should almost never bet. The few exceptions tend to center around wanting to stay on stage and maintain the pressure. This especially happens in 7-Card Stud, when if you're the previous bettor, pairing your board might drive an opponent out on the next bet, even if you have the worst hand. But, in general, it's unwise to bet middle hands. There - it's simple and I said it. There's almost never a motive to bet a medium hand. You can bet weak hands for posturing or as a bluff, and you can bet strong hands hoping to be called. But medium hands are the perfect hands to check.
I'll prove it. Suppose you played poker with only three cards: an ace, a king, and a queen. You shuffle and deal a single card each to an opponent and to yourself. You have each anted and now you look at your card and decide whether to bet. Well, if you have a queen, you must have the worst hand; but you might bet, hoping to bluff a king. Obviously an ace would call. And if you have an ace, you might bet hoping a king would call. Obviously a queen wouldn't call. But what would be the purpose in betting a king - the middle hand? No purpose at all. You'd get called when an ace beat you and never get called when you were the best hand against a queen. Betting this middle hand would be foolish. And that's what I want you to remember, because the same concept applies throughout poker.
2. A Wide Reraising Range preflop can be profitable in No Limit
This may be different at higher levels, but at the .10-.25 blind and .25-.50 blind level I seem to get a lot more folds than I thought I would. If an early opponent raises to 1.00 and I raise in position to $3, I get a fold over 50% of the time. So that is $3 to win $1.35.
Let's also assume when I get called the other 50% I win a pot of $5 half the time and lose a pot of $4 the other half. Here's the math.
50% * 1.35 = .67
25% * 5 =1.25
25% * -4 = -1
______________
Total +0.92
I know this does not take into account the few times when someone puts in the 3rd raise against me. This happens very rarely. I tend to think that when it does, I either throw my hand away, or I have Aces or Kings and I call and win a huge pot. It probably evens out in the end.
I stumbled across this strategy after getting frustrated by my opponents constantly folding to my preflop raises with Aces and Kings. I can get players to loosen up by raising a lot of hands, but it's very tough to establish an image online because players are changing over so fast. This discovery also led me to my next epiphany.
3. A pair of Aces or Kings is still a below average hand by the river.
Playing high pair hands in No Limit is really an art form. They consistently win small pots and lose big pots. I really think the key to making money with them is not to maximize your wins, but to minimize your losses. Here's an example from last night.
My first hand at the table I post a .25 blind in late position. The table is 6 handed. I am dealt Kd Kc. Utg calls .25 and I raise to 1.50. Rushure calls from the small blind and Pcon23 calls from the Big Blind. The utg limper folds.
So $5 in the pot and the flop is 8d 8c Qh. This is a good flop. Maybe someone called with Ace-Queen. I doubt someone smooth called with Aces. I doubt someone has an 8. It's checked twice to me and I bet $3. Hopefully it's big enough to fold a naked Ace but small enough for a pair of Queens to come along. Rushure calls and Pcon23 folds.
So $11 in the pot and the turn is Ac. Rushure checks. I don't like the Ace. If someone called with Ace-Queen, I am nearly dead. If the weak Queen called, he may fold to another bet. So there is nothing to be gained from betting here. I check it through.
The river is a 2c. So a flush got there, but I doubt that's much of a probability. A lot of times, the check through on the turn will encourage a river bluff. If the bet is not too high, I am usually willing to call it. Rushure bets $5. I call.
Rushure turns over pocket Queens for a full house on the flop. I feel like I lost the minimum on this hand which was $9.50. Now if Rushure had led out on the flop for a small amount, I probably would have raised him. Then he could have called and checked the turn. He may have got more out of me that way.
The point is that I would have lost a lot more money 2 months ago in this hand, because I would have been ready to push in with the overpair on that flop.
4. Do not raise the underbettors on a draw
Every strategy post I read on the message boards seems to recommend playing your 8 out and higher draws very aggressively. They say it helps you get paid off on your good hands and sometimes with a straight or flush draw and overcards, you are actually a favorite. However, I have found this strategy does not work against the weak timid players.
Let's say I flop an open ended straight draw with $3 in the pot on the flop. A "Underbettor" bet's .50 into me. Some would recommend a raise because it's a weak looking bet. I don't like that and here's why. The "Underbettor" will bet small when he has a monster or when he has nothing. If he has a monster, I am more than willing to take my favorable pot odds and draw to my own monster. If I hit, I will stack him. If I miss, I lose the minimum. If I raise the bet to $3, I may win a small pot, but I will lose a big pot if he doesn't fold.
I realize that just calling small bets screams out that I have a draw. Luckily the "Underbettor" does not seem to consider my cards, only the ones in his hand.
Monday, August 21, 2006
With Friends Like These .....
We left at 8:30 AM Friday morning from Phoenix and arrived in Pinetop by 12:00. Bill's Mercedes is a monster. I have never had the pleasure of riding or driving a car where you can pass anyone at will, even if they are already going 75 mph. His car definitely has some balls.
We grabbed a quick bite at Pinetop Lakes Golf Club and we were on our way. Bill already owed me $70 from a previous bet so that's what we decided to play for. Currently Bill is an 8 handicap and I am a 10, so he has to give me two stroke on this course. In past trips, we have had problems with Chris trying to be funny and hitting into us on holes. In order to prevent this, we let them tee off first. So my group was Bill, Adam, and I. Ahead of us was Robert, Bob, Chris, and Glen.
I did not start out well, but Bill was not playing well either. After 13 holes, Bill was hopelessly behind and made a deal. He would forfeit the $70 bet if we played the last 5 holes for $140. Usually he waits until the last hole to press. Then it's usually a coin flip. Since I feel like I am a better player, a multi hole bet is definitely an advantage for me. I said ok and we flipped the switch. We both started playing really well. We seemed to hit every green, or if we didn't we made great up and downs. We played the first 3 holes of the new match at even par.
Since Pinetop Lakes is an executive course, Bill felt he had an advantage because he only hits irons off of the tee. Bill can't keep his driver on the course so a short course is right up his alley. The 17th hole is one of the few par 4's on the course. Bill teed off and pushed his shot to the right. I used 3 wood and hit a decent shot that was fading right as well. We saw it bounce twice and even though it was close to out of bounds, we were 100% sure it was still in. As Adam was teeing off, I noticed that Chris and Robert had doubled back and were driving their cart around where my ball had landed in the rough.
After Adam hit, we took off down the fairway to look for our balls. Bill found his right away, but I could not find mine. We spent about five minutes walking up and down the right rough, but it was no where in sight.
"I think Chris took my ball" I said to Bill.
"Chris wouldn't do that. He knows there is a lot of money riding on this." Bill replied.
"What do you want me to do?" I asked. Bill said what I knew he would, which was to drive back up to the tee and hit another one. So that's what I did and of course I striped one right down the middle. If I could play my second tee ball all the time, I might be good enough for the PGA.
I wedged on to the green and had a 25 foot putt for bogey. Bill missed his up and down and was in for bogey. So I still had aputt to tie the hole. I hit a good putt, but it came up a foot short and I carded a double bogey.
The 18th hole was a par 5. Again a rarity on an executive course, but the perfect kind of hole for me to make up a stroke. I decided to go for it and hit driver, even though I had not hit one all day. My ball stayed on the course, but it did banana to the right and landed in the rough by a couple of trees at the turn of the dogleg right. Bill did the same thing.
Between the trees and my lie, I could not go for the green in two, so I laid up. My 2nd shot went a little farther than I wanted and it went through the fairway into the rough on the left, about 80 yards from the green. I did not mind being in the rough. The course was so soft that I had backed up 6 balls off the greens from the fairway during the round. Hopefully the rough will take some of the spin off and I can get it close.
Meanwhile, Bill had advanced his ball down the fairway, and hit the green in 3 shots with about 50 feet left for birdie. I hit a decent wedge shot over a big pine tree and landed about 20 feet away.
As I got to the green, Chris was there waiting for us and wanted an update on me and Bill's bet.
"Do you have a Callaway ball in your pocket?" I asked Chris.
"No, why?" he replied.
"I thought you hit my ball" I accused.
"No I wouldn't do that to you. Did you lose your ball? Rob lost his ball on that hole too" said Chris.
Bill two putted for par, so I needed birdie for the tie. I missed and made par and finished the round even on the bets. I was disappointed that I lost, but I felt good about it, because I played well and forced Bill to play 5 holes in 1 over par to beat me. I hit a good tee shot on 17 and just caught a bad break.
Here's where it get's interesting.
We finish up and we meet up with Robert, Jon, Marty, and Bob at the cart return area. I ask Robert if picked up my Callaway ball. He played coy for a while and then admitted that he did hit a Callaway ball from the right rough on 17 and then produced the ball. A Callaway with a blue logo and a red Sharpie pen line around half the ball. That is my ball. I mark it with the red sharpie to help me line up short putts. Everyone who plays with me on a regular basis knows that's how I mark my ball.
Now all hell breaks loose. I tell Bill, the bet's off. He says, "tough shit!" I yell at Robert for costing me $280. The other guys thought we should go back to 17 and play the holes over again.
Finally, Bill and I agree to ask the club pro what the ruling is. The pro tells us that since I declared my ball lost and put a new one in play, that that is the ball I have to count and I lose. If I had dropped a ball where I thought my drive was supposed to be, played that one in, and hit a provisional off the tee, then I could have counted my first ball when we found out that Robert had picked up my ball.
Now if I was in Bill's shoes, I would have declared the second part of the bet off and just owed $140. If my friend get's screwed over like that, I am going to give him a break. I don't begrudge Bill for taking the money, because we both play to win. We tend to try and play by the rules and the pro confirmed his opinion. I was a little mad at Bill, but I understood.
Robert, on the other hand, had a lot to answer for. First of all, I still don't believe that he did not know that it wasn't his ball. I know he would not hit my ball on purpose, but he probably thought he found a ball near where his was supposed to be. "I'll just hit this one and put it in my bag," Robert probably said to himself.
I told Robert, that he doesn't even play Callaway balls. How could he not know that it wasn't his? His excuse was that he was playing all kinds of different balls that day.
Now I am pissed because Robert did something stupid and it cost me $280. I would have gotten over it a lot quicker if he had just said, "Larry, I screwed up, I'm sorry, " and shown some remorse. Instead he kept insisting that he didn't know it wasn't his ball and making all kinds of excuses on why it wasn't his fault.
After dinner we go to dinner at Charlie Clark's Steakhouse. We pound a few beers in the bar and get seated in their large dining room. By now, I figure that maybe it has sunk in with Robert that he should feel bad for screwing me out of the bet. I suggest that he buy me dinner and we forget about it. For some reason he doesn't take me seriously and I buy my own dinner. Dinner was great by the way. I had their house specialty of Blackened Prime Rib, which was awesome.
After dinner, we headed straight to the Hon Dah Indian Casino. I found their poor excuse for a poker room and sat down in a 3-6 Hold'em game. There were only two games to choose from and one of them was Omaha. The rest of the guys went to the black jack tables. After 20 minutes, Marty popped his head in the 3 table poker room and said that everyone was leaving. I was on the button, so I told the dealer it was my last hand.
I was dealt Kc Qs and raised it after 4 limpers. The flop was a brick with one club. It was checked to me and I bet to see if I can get any over cards to fold. One player folded. The turn was another club. Everyone chekcs and I check it through. The river was another club so I had the King high flush. It's checked to me and I bet. I get two callers and take down the pot. I rack up with a $12 profit. I find everyone else and they are all stuck at least $100 at black jack table. Karma's a bitch isn't it?
We all leave and go back to the house to play 1-2 Pot Limit Hold'em. The game started 6 handed with Bill, Marty, Adam, Jon, Robert, and me. Within the first few hands I raise K-10 suited on the button. Jon calls and we see a flop of K-T-6. Jon bets into me. I raise the pot and Jon calls all in. Jon has T-6 for two pair. My two pair holds up.
A little while later, I am dealt pocket Kings. Marty raises in front of me preflop. I reraise and he calls. The flop comes out ten high. He checks to me. I bet the pot. He check raises me the pot. I call and Marty is all in. Marty turns over AA. Oops. The turn is a King and now I have trips. The river is no help to Marty and he's broke and done.
As the night went on, I lost a few pots to Jon and won some small pots here and there. Eventually it got down to 3 handed with Jon, Robert, and me. Rob was the short stack and Jon was the big stack.
I was determined to break Robert and take some money from Jon as well. We all swapped chips for a while, but eventually Robert was ground down and I finished him off when I rivered a baby flush against his pair. Karma is a stone cold bitch. In the end, everyone was broke except for Jon and I. Jon finished up $200 and I finished up $100.
For the second time, I was really impressed with Jon's poker game. I really concentrated on finding some physical tells and he kept fooling me. Sometimes he would talk with a good hand and then a little while later he would talk while he was bluffing. Sometimes he would act strong with a good hand. Other times he had nothing. His only weakness against me was his inability to fold a good hand against me. Twice he said he knew what I had and yet he still called a big bet on the river. I was more than happy to confirm his suspicion and take his money. I finally told him, "if you know what I have, then you should fold." I think it finally sunk in.
I was happy with the way I played for the most part. I managed to get away with a lot of bluffs short handed for some small pots. I got away from the big pots, unless I had a monster. I don't know how long we will keep playing 1-2 pot limit however. Adam, Carlo (who was not here this time), Chris, and Bill keep going broke. The money goes to the good players much faster in a no limit or pot limit game rather than a limit game. We may break them eventually.
Saturday morning I woke up hung over and tired since I had to sleep in the same room as Bill and Glen. I do not sleep well in strange beds. Bill went on a McDonald's run and brought back breakfast. This morning we played at White Mountain Country Club a regulation length course.
Right after we got there, Robert came up to me with a black label Callaway ball and said, "Larry I just wanted to show you that I do play a Callaway ball."
Due to the time in the morning, my hangover, and general anger towards Robert from last night, I went off on him. I don't care what ball he plays as long as it's his ball. What Robert kept failing to understand is all I wanted to see from him was a little remorse and an "I am sorry, I screwed up." No excuses and no rationalizations. Just own up to it. I finally berated him into saying a half hearted "I'm sorry" and I left for the first tee.
My heart was pounding from adrenaline for the first two holes, which I somehow managed to par. After the second hole, I tried to give myself a reality check. I am playing golf in beautiful weather on a fantastic course. Enjoy it god dammit! I really did try to have fun, but my golf game went into the shitter and I was miserable for 4 hours. I eventually staggered home with an 89 and a $75 loss to Bill.
I immediately went home to take a shower and a nap. When I awoke, Robert, Chris, Bob, and Jon had gone back home to Phoenix. They all had to be there for other committments so the rest of us watched the end of the third round of the PGA championship and we decided to go to the Kabuki House for dinner and then Talledega Nights for a movie. Dinner was great and the movie was a classic. This definitely put me in a better mood.
We had made a 7:30 AM tee time at White Mountain CC again for Sunday, but Adam, Marty, and Glen all bailed out so it was just Bill and I. The stakes were $75 again and this time we played some solid golf. Bill jumped out to an early lead with a birdie on the first hole while I 3 putt bogied it. I managed to string some decent holes together and finished with a 42 on the front 9. Bill had shot a 41. I was in a much better mood and I was hitting the ball pretty well off the tee. My putting was still suspect, but I was doing enough to make par, and I even made a 15 foot birdie putt. I finished him off on 18 with a bogey and took his money. I also knew that I was a lock to make another $75 on the PGA championship since I had Tiger Woods on my team.
Overall I made $175 in gambling on the trip and got to cool off in the high pines. Another great trip with lots of stories that will be told and retold over the years.
Thursday, August 10, 2006
WSOP Final Table Today
So far I have not been able to set the DVR because my Cox box does not recognize that I have paid for the event, even though I have confirmed it twice by phone.
Since there will be no hole card cams, I think the main educational benefit will be the commentary of Phil Gordon and whoever they get to drop by. I have not decided yet if I will track Allen Cunnigham's play as I watch.
I think it will be very interesting to see how many hands Allen plays, how often he raises, how often he gets to showdown, etc. I have never seen a world class player play up close and this may be as close as I get.
August 11. The Day After.
I stopped watching after there were 5 left. I have recorded the rest and hope to watch it this weekend.
I have discovered the secret to winning a huge World Series Tournament:
- When a good player is at the table, avoid him. Or play like a pussy by check folding all the time.
- Whenever you pick up QQ, KK, or AA make sure someone else at your table picks up the pocket pair, one lower than yours.
- Whenever you get your money in with the best hand, it has to hold up.
These three rules seem to be the road that Jamie "Ari" Gold has been following throughout the tournament. When I went to bed, he had $56 Million of the $88 Million in play with 5 players left. The actual size of his stack was just ridiculous.
Allen Cunningham definitely seemed to be the class of the table. He started out very tight and probably folded 95% of the first 30 hands. After a couple of players busted and it was obvious that the big stacks were going to wait for the other small stacks to bust, he switched it into over drive.
Allen proceeded to raise damn near every pot preflop. Nobody ever reraised him. It was either fold and give him the blinds and antes (which were over $500,000) or call him and then check-fold to his continuation bet. I must have seen Jamie Gold check fold to Allen on the flop 10 straight times. It was comical. Allen's only foil was that he doubled up one of the short stacks 3 different times. Allen was behind every time, the money went in, however you would think he would get lucky once.
The great players find a way to win without cards. They win most of their pots without having to showdown. This is definitely the way to win a deep stack tournament. Unfortunately, I am very rarely in this situation in the tournaments I play, because the structure is much faster. This was the reason that the tournament seemed to progress so much faster this year. The vast majority of these players were used to playing the fast structures on line and did not know how to slow down. There were way too many stupid raises of 20x the blind preflop and big overbet raises after the flop.
Even on the rare occasions Allen did make it to the river, he usually had the best hand. He picked off a bluff from Gold with just Ace high, that was just tremendous. Gold had been using his table talk to his advantage through most of the final table. He talked a little too long this time and Allen called a $2,000,000 bet on the river. Gold pretty much stopped talking after that pot. :0
August 14th.
I finished watching the final table. I went pretty much as I expected except for Allen Cunningham busting out in 4th. Jamie Gold ran over the rest of the table.
The key hand of the tournament was 3 handed. Here is the transcript of the hand from cardplayer.com:
Chip Count:
Jamie Gold $64,000,000
Paul Wasicka $14,000,000
Michael Binger $11,000,000
I believe the blinds were 200k-400k with a 50k ante
229. Gold limps from the button and Wasicka limps from the small blind. Michael Binger raises to $1,500,000 from the big blind. Both Gold and Wasicka call and the flop comes 10c 6s 5s. Wasicka checks, Binger bets $3,500,000 and Gold moves all in. Wasicka folds and Binger calls. Binger shows A10 and Gold turns over 43 for an open ended straight draw. The turn is the 7 and Gold makes a straight. The river is the Q and Michael Binger is eliminated in 3rd place.
According to the talk afterwards, Paul Wasicka folded 7s 8s. With 3 players left they had already locked up $4,000,000 in prize money for each of them. 2nd Place paid $6 Mill and 1st place would pay $12,000,000.
I'll will play the hand as if I am Paul.
Preflop: "7s 8s is a decent hand preflop. Let's get in cheap and see a flop. Jamie just limped so I am getting good odds. Wait, Michael raised to 1.5 MM. Jamie calls, so now I still have good odds so let's see what happens. Plus they're soooted."
Flop: 10c 6s 5s "Awesome, I am first to act and I have two aggressive players behind me. One of them should bet and I can check raise them."
I check. Michael bets 3.5 MM into a 4.7 MM dollar pot.
"That's a pretty good portion of his stack. He must have a decent hand. High pocket pair or tens with an Ace kicker. He is probably pot committed."
Jamie Gold moves all in.
"Shit! Fuck! OK calm down. I have 9 outs to a flush and 4 more outs to a straight. If all of my outs are clean I have a 55% chance to win if I see both cards. What could Jamie have? I have seen him bluff on straight or flush draws before. I can't lose to the straight draw since mine is the nuts. He could have a higher flush draw. Then I only have 6 outs. That's still a 24% chance. Michael looks like he is going to call and if he loses, then I win $2,000,000. Alright I don't want to call all in for my tournament with 8 high so I fold".
Of course a Queen of spades hit's the river and Paul would have tripled up to 39 MM and Jamie would have had 50 MM for heads up play and the remaining $6,000,000
The message boards at 2+2 are going crazy saying how bad a fold this was. I think it was as well. However, I can't fault the guy for trying to fold into an additional $2,000,000. If we ran this simulation on the Sit N Go tracker I think both decisions are positive EV it's just calling is much better.
The most appropriate response I saw said these two things: a. Draws don't always get there and b. Sometimes there are life positive EV decisions that are in direct opposite of poker EV decisions. If that $2,000,000 makes a huge difference in your life, then maybe it's better to hope for second and not deal with all of the ancillary stuff that comes in winning the WSOP.
I can't wait to see what Norman Chad has to say about this hand on ESPN.
Tuesday, August 08, 2006
Birthday Poker
I have been sticking to the game plan of playing NL Hold'em and Omaha 8OB online for the last week or two. I have been running good in the NL games and breaking even in the Omaha. Nothing too exciting is happening there because the stakes are small and I have not stumbled across any new game changing strategies.
I had not played live poker in a casino since my World Series of Poker escapades a couple of weeks ago. Yesterday, because it was my birthday, I decided to leave work early and play poker at Casino Arizona. In order to keep following my bankroll guidelines, the only game I could "afford" to play is the 3-6 hold'em game.
I bought in for $100 and after one round of folding, I picked up Aces in the big blind. Everyone knows that high pocket pairs are best made for one or two opponents. By the time the betting gets to me there are 5 limpers in the pot so I reluctantly raise my Aces to build a pot that every fish in the room will chase their gut shot straight to the river for.
The flop comes down A-7-2 rainbow. I have this hand almost locked up, so I decide to slow play and check. Somebody bets and everyone calls. The turn is a 6. I check again, hoping to get my check raise in on the big bet streets. This time everyone checks around. I hate it when I miss bets. The river is a 10 and there is no flush possible, only a really screwy straight beats me.
This time I bet. I am immediately raised. Everyone else folds. I think to myself, "That's good news, I may make a little more money now." I reraise. He raises again. I look at the possible straight on the board again. Not very likely. He could also be raising with two pair, a set, or even a good ten. I wimp out and just call. He turns over 3 sixes and my hand is good.
I am off to a good start.
Later, an attractive young woman sits down on my right. She buys in from the dealer and he gives her a $5 chip. She doesn't want it so she makes change with the guy on her right. Later they get into a discussion on how the red chip is an unlucky chip. The guy on the right decides he is going to live straddle with the red chip when he is under the gun. I speak up and tell him I always raise a straddle.
The hand is dealt out and whadda ya know, I am dealt two red Aces. I raise. I am reraised by a relatively new player at the table. There is yet another raiser who caps the betting at $15 and the straddler calls the three additonal bets along with me and the original reraiser.
Four players to the flop with $63 in the pot. The flop is Ten high. I bet and get three callers. The turn is another low card. I bet again and only get one folder. The river is a Queen which concerns me a little. I was putting my reraiser on a high pocket pair and that could have rivered him a set. The pot's big and I figure they may call my hand with less. I bet and get the reraiser to call. He turns over pocket 7's and my hand is good. I tell everyone at the table that its the house rule that a birthday player's Aces are not to be cracked.
My one serious mistake of the session came against the pretty girl on my right. I was dealt T9 suited in middle position. She called in front of me and limped along. I think there were two other players in the pot. The flop came down T-7-4.
Pretty girl bets and I raise trying to protect my hand. I get one cold caller and she calls. The turn is another 4. She checks, I bet, and they both call. Now I hate my hand.
The river is a Queen. She checks, I check, and the last guy checks. She tables J-10. I see the Jack kicker and throw my cards in the muck face down. Wait a minute! Fuck! The Queen plays as the kicker on the board. So I pissed away a chopped pot with $24 coming back to me because I am a moron. This is a little mentioned benefit of playing online. The computer will always award you the pot if you deserve it, even if you misread your hand.
I decided to take a piss and a short walk to rededicate myself to paying attention. After that I hand I won a couple more and finished up $51. Overall a decent 3 hours of play.
I am growing bored with the live 3-6 games. They really are not much of a challenge to me other than trying to win as much money as possible. There are not many moves you can make and nobody seems to pay attention to table image.
When I am paying attention, I play the 3-6 Limit game very well. The money is meaningless, so I am more concerned with reading the players and figuring out how to win pots. I guess this is how the top pros feel that play in the bigger cash games. The problem is that the players are so unpredicitably bad, that it gets really tough to read their hands. I have found that it tends to be much easier to put players on hands in No Limit, since you have so much flexibility in the betting. In most cases, my bets on the turn and river depend on how strong my hand is in a vacuum and how many players are left in the hand. It's a game of, "I don't know what you have, but I have a good hand, so I'll just bet it and pray." I am still puzzled by the fact that I seem to win the vast majority of the time at 3-6, but my winning percentage at 4-8 or 6-12 is much lower. I have not seen a dramatic step up in playing skill at those higher levels. I will step back up eventually.
Current Bankroll $1500. 5% of that is $75 I broke the rule and bought in for $100.
Future Bankroll $3000. 5% of that is $150 That's enough for 4-8.
Future Bankroll $4500. 5% of that is $225 That's enough for 6-12.
Man that seems like a long way off.
Thursday, August 03, 2006
Home Tournament Win!
Last night was my second go round with the Home Game Tournament at Greg's house. $20 buy in , winner takes all. Rebuys go to the 2nd place pool.
In my last post, I wrote out my theory on how to beat the players from last week. This week we had a few new players. There were 10 in all.
Greg - Owner of the home. He works as a superintendent for a national home builder. He is still learning the game, however I spied a copy of the new Sklansky/Miller NL Hold'em book on his kitchen table so he is trying to get better.
Jason - He is the one who invited me to the game. He also is a new financial advisor at my company.
Tran - New to me. He used to live in apartment complex with Jason a few years ago.
Mike - He cracked my pocket Kings with pocket Aces last week. Seems to know what he's doing.
Kory - Another co-worker at my company. Rumor has it he is very aggressive in his card games. He mentioned that he plays in another regular game for higher stakes.
Craig - Kory's younger brother. Crazy aggressive.
"Medical" Kory - operates the machines that keep the blood pumping during a heart transplant. Decent player.
Scott - another apartment buddy of Jason's
Seth - I can barely remember his name
We started with .25 and .50 blinds and $40 in front of us. I decided to tighten up considerably from last week because there is plenty of time for the others to make a mistake and we were playing 10 handed.
The game was mostly the same as last week, with lots of limping and underbetting the pot. Lots of grumbling when I would raise preflop. I was patient as I watched Craig bluff too many times to mention and other players ship chips back and forth. Every once in a while, I would win a small pot to slowly build up my stack.
After the rebuy period expired, we lost 5 players within 30 minutes. I picked off one of them when I limped in late with Q-9 and the flop came down A-Q-9. Tran had Ace-Ten and thought it was the nuts. We got it all in the flop and my hand held up.
When it got short handed, I was the most aggressive player at the table. All of the maniacs had blown up earlier so only the tight-passive players remained. The vast majority of my hands, were raise, get called, bet the flop, everyone folds. I still can't believe how little I was reraised. I was not being a manaic by any means, but you think they would catch on eventually.
I eventually lasted until the final 3. It was me, Mike, and "Medical Kory". 1st Place was going to pay $200 and 2nd place paid $60 unless there was a deal made. This is the point where I made my one glaring mistake of the night. I was dealt 5-7 on the button and just limped in. The flop came 6-8-9 with 3 spades. I had the 7 of spades. I checked it through on the flop to slow play. Even if I hit the flush, it's probably still good. The turn was a high card. This time I bet, hoping somebody hit it. Kory calls. The river is another non-spade brick. Kory checks and I move all in. I am pretty sure he was drawing to the flush and I don't want him to call with some crappy pair.
As he folds to my big bet, Kory says, "I was drawing to the straight flush" "Oh!" I exclaim, "I guess I had one of your outs" as I turn over my 7 of spades. It's then I realize that I misread my hand and I have a 4 instead of a 5. So I won the pot with 7 high. Yea me!
A few hands later in the big blind I am dealt Q-5 offsuit. Kory limps in and Mike just completes the blind. Mike completing the blind seemed suspicious because he had just announced that he is short on chips and it's "All in or fold time". I know he likes to slow play big pairs so my spidey sense was tingling.
The flop was Q-J-9. Mike then moves all in for $35. I have about $140 left in my stack. Because I am a little suspicious I briefly think about folding and letting Kory with his big stack make the call. I decide that top pair is likely good and I just call. Kory then moves all in.
At first I was cursing under my breath, because he's supposed to just call and check it down. I have to fold and I am hoping Kory did not do something really stupid. To my surprise, Kory turns over Q-J for top two pair! Mike had J-9 for bottom two. Mike was eliminated and I was heads up with Kory. I did not do an exact count but I probably started with $140 in chips compared to his $320.
This was one of the occasions where I had to fight the urge to explain how much I know about the game in fear of letting on how good a player I am. Kory and I began to argue over where the button and small blind start. The correct rule is the small blind has the button and acts first. Obviously I know this from playing a thousand tournaments online. Kory did not believe me and had some crazy logic for figuring out that the big blind was on the button. I mentioned that I have played a ton online and I am sure I am right. Apparently that was not good enough. It was past 10:15 so no one else was awake or around to settle the argument so I just let him have his way. There was no need to elaborate on my poker exploits further just to win this small argument. Today I found a great website from Bob Ciaffone on the rules for poker tournaments so I emailed Jason with the info to pass along to the rest of the guys.
From the start of our heads up match, I basically ran over Kory. He never raised preflop. I finally made a comment about it and he tried it with 6-2. I folded that one, but I think I called the other couple of times he tried it and he stopped doing it again. I mixed up my play and won a lot of pots uncontested either preflop or with a continuation bet on the flop. On the rare occasions he played back at me, I usually let the hand go.
Before we knew it I had just over $210 in chips to his $250. I was dealt Ac 7s on the button/big blind :0. He called, I raised to $20. He called again. The flop was As-Qs-10s. He checked. I bet $20. He moved all in. I am guessing he doesn't have the made hand yet. I decide to call and he turns over Js-9c. So he has the better flush draw and outs to the straight. I have to fade 11 outs twice. The turn and river are blanks and suddenly I am huge!. Kory did not realize that I had been catching up and was surprised to only have $40 left.
Even though the blinds were only 3-6, I decided I was just going to move all in every hand from now on, until it was over or we were even in chips again. Luckily I picked up pocket 9's. He moved all in and I called. He turned over Q-5. Spikes a Queen on the turn and he doubles up to $80. Next hand I have Ace-baby. I move all in and he calls with King-baby. My ace high holds up and I am the winner.
While it was fun to win the tournament, it was a bit of a let down, because there was no one else around to enjoy it with. Everyone else had left or gone to sleep since it was 11:00 PM when we finished.
Hopefully this will turn out to be the first of many victories in the future.
Thursday, July 27, 2006
Maybe I Should Have Taken The 2 Weeks?
Last night I was invited to a friend's house for a weekly $20 Sit-N-Go they run. There were only 5 players this week. Last week they said they had 10. We started with $40 in chips and the blinds started at $0.25-$0.50. Amazingly they said the blind levels are an hour long. I asked if some of their games go until 3 or 4 in the morning. They said no, that they manage to finish by 11 or 12 and sometimes they make a deal.
My friends all seemed to play the game in a style I have a lot of trouble with. It's a loose passive and trapping game. They will limp into the pot with any two. They will call with a draw or piece of the flop. They will also slow play any decent hand. So basically their crappy hands and their good hands look the same.
I'm pretty sure the way to counteract this style of play is this:
1. Raise more with high pocket pairs preflop. Force them to call (make mistakes) with weaker hands.
2. Limp in position with connected and suited cards whenever possible. There were very few preflop raises and if they did, it was just double the blind. Get in cheap and flop a monster.
3. On the flop, it's fit or fold. If you hit your top pair or 2nd pair with good kicker, bet it with 3/4 to Pot sized bets and make them pay to draw. If you miss or you have a draw. Just check, because it's likely you will get a free card or only have to call a very small bet since they consistently underbet the pot.
4. If you bet and they raise, you better have a good hand. If not then fold it. The bluff raise is not in their arsenal.
Unfortunately, I did not remember or figure all this out until it was too late.
The eventual winner, Mike, basically made me his bitch. At the .50-$1 level I had K-J suited on the button. I raised to 1.50 and Mike called in the small blind. The flop was J-T-6 with two clubs. I bet $3 into a $5 pot and just Mike called. The turn was a King of clubs. Good news is that I have two pair. Bad news is that the straight and flush draws just got there. I bet $5 and Mike raised me all in. He looked pretty confident so I folded. That pot put me down to about $28.
A couple of rounds later, I finally deal myself a good hand on the button. Devin limps in for $1 and I stare at two cowboys. I raise to $3. Mike smooth calls again from the small blind. Jason in the big blind folds, and Devin folds. The flop is T-7-3 rainbow. Mike checks and I bet $4. Mike then check raises me all in. I don't think he has Aces because I figure he would have reraised preflop. Two pair seems unlikely with the board. He could have 3 of a kind. Wouldn't he slow play that though? The most likely hands seem like QQ, JJ or Ace-10. I call.
Mike proudly turns over pocket Aces. My Kings do not improve on the turn and river and I am out in 4th place out of 5. This is exactly what is so frustrating about this game. Two weeks ago I am dreaming of playing against some of the best players in the world at the World Series and last night I could not even beat 4 rank amateurs in a home game.
Tuesday, July 25, 2006
I've Fallen Off The Wagon
My first night back was a little disappointing. I lost about $20 last night mainly because my Aces got cracked by pocket Queens on a No Limit table. Otherwise I played ok.
Things I want to focus on while playing Omaha:
1. Reading the board and my cards. I want to stop and think what is the nuts? How many outs do I have? Too often I rush my decision based on the easy draw. I need to consider all the draws.
2. After reading my hand becomes second nature, I need to concentrate more on what my opponent could have. It is definitely more difficult to put players on hands in Omaha versus Hold'em. It's not impossible however, and I need to get better at it.
I don't think I will invest in Poker Tracker for Omaha. All I really want to know is if I am making money, so I will keep track of that on an excel spreadsheet. I don't think there has been enough information published on preflop raising or calling to have any idea what the stats mean.
I have been reading the Sklansky / Miller book on No Limit Hold'em. So far I am not very impressed. ThAll of their arguments are based on math. That's all well and good, but this takes a lot of assumptions on their part. Assuming that a player will call 20%, fold 20%, and move all in 60% of the time is almost impossible. If the math is based on assumptions then it really is just a guess.
Now if S/M had posted a hand example on their website and then polled their readers for an answer on what they would do? Then I would have a little more faith in their assumptions. Right now it looks like they have a theory and then make up the numbers to fit the theory.
There are some good nuggets of information in the book. It's best when they try to summarize a point at the end of the chapter. When they use the following phraseology, the book comes alive. If your opponent tends to fold, consider doing ________. If your opponent will call another bet on the river, consider doing ________. Things like not semi bluffing a nut flush draw if you think you can stack an opponent if you hit it, versus betting the non-nut draw if you feel you can win the pot now. These are things that most low limit players are not considering.
In fact, after I am done reading it, I may go back to Phil Gordon's book as my bible in the low limit games. I think S / M may put me on the wrong level of thinking to beat the .50-$1 NL games on Full Tilt and Poker Stars.
In the mean time, I am going to limit myself to only playing on two sites. Poker Stars and Full Tilt. I like both of the sites and I get rake back on Full Tilt. I am going to try and utilize some of their frequent player point features and win some money on free rolls. I can't generate enough points if I spread my play over 4 or more sites. My screen name on Poker Stars is "larryvq" and my screen name on Full Tilt is "Poker_Bully1". Feel free to say hello if you are one of my few readers.
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