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F.J.'s Other Place in Dallas
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Monday 19 February 2007 @ 16:49
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[ swolfe recently complained
that I hadn't finished my Texas trip posts. So, four months
late, I pick up continuing story of my Dallas poker week. I
wrote previous posts about Monday
night and Tuesday,
Club 1 and Tuesday,
Club 2. Here's the post about Tuesday, Club 3. ]
After leaving the gimmicky
club that I previously described, we headed to what I
considered the best club we visited that week. It was run by
the same fellow (F.J.) who ran the club we'd visited Monday
night, but in a different location.
Steve indicated a few reasons that some club owners run in multiple
locations. First, it keeps the clubs small and irregular, which
helps avoid busts. A club that runs eight hours every single
night is much more likely to get busted than one that is only open
twice a week. Second, there are a lot of luck-oriented players
around the Dallas poker scene. If they are running bad at a
particular club, they won't go there anymore, but are willing to
come to another.
Indeed, there wasn't a lot of overlap in clientele at this new club.
It was bigger than F.J.'s other single-table place; there were two
full tables going when we arrived. We got a seat on the back
table by the windows.
The game was extremely loose, with two or three calling stations taking
almost any hand they played to the river if they hit anything. A
few aggressive players were in the game; Steve pointed one out to
me as a fellow who'd done well in some WSoP satellite events, but
was actually a pretty horrible player. Steve said something like
a big chunk of my bankroll is from that guy . I started
calling him “Bankroll Builder” in my head at that
point.
As it turned out, however, my largest confrontation was with someone
Steve identified as one of the better players at the table. This
fellow had raised UTG to $25 — relatively standard in this
$2/$5 game — and gotten a small reraise the aggressive
Bankroll Builder, and a cold call in between. In the small blind,
I found AA. I didn't really want to play this hand out of
position on the flop with much money behind, so I made it $300 to
go, hoping to get reraised for my last $200 somehow. I felt I was
basically announcing my hand to the field, but thought the
aggressive reraiser might have a hand like QQ and go with it, and
if the strong UTG player had KK, he might not be able to fold it
— giving me QQ instead.
After a short speech about how he has to have the best hand, this
“good” player went all in, and Bankroll Builder went into
the tank, and eventually folded what he says was a pair —
frankly I think it was just 88 or something. I called immediately
found myself up against AKo.
Business was quickly offered. This was a tough spot for me. Of
course, the odds don't change if you run six full boards from the
whole remaining deck, but I'm not really used to playing $1,000+ pots.
I told the fellow I'd do any sort of business he decided — he
could name what he wanted. I am used to leaving it all up to luck
once the decisions are made, so this seemed to be a way to do
that.
He wanted to run it twice, and then asked: two boards or two
turn/rivers? . I told him it was up to him again. I just wanted
the whole moment over with. He decided on two full boards, which he
felt gave him the best chance (probably true), and I was glad to see
the first board left me “freerolling”. The second board
came with four spades, and that gave his K a flush, and the A was sadly the only ace not in
play.
I, of course, wish I'd refused business, but besides wanting to leave
it up to someone else what happened after I made the actual poker
decisions, I also didn't want to hurt the morays of the Dallas poker
scene, either. We did chop up the reraise and the cold-call, so it
wasn't a loss against the rake, but I still felt like I made a bad
decision and that I should have, for example, offered two turn/rivers
instead of two full boards.
That was basically the only major hand I played, although I got paid
off with turned trips by one of the calling stations, and I played a
big draw meekly and won (and was admonished by Steve and a friend of
his, a strong player who was dealing for the evening for not potting
it all the way to the river). But, as for the poker, those were the
only notable occurrences.
I really liked the club. Like the others in Dallas, the space was wide
and open. The dealers were friendly but not distracting; the staff
was attentive. The whole story at these places was service —
it's so different than the abysmal places here in NYC. Heck, these
places were even nicer and more accommodating to players than some
casinos I've visited.
Steve wasn't a fan of the plaid-ish felt at this place, as it was
admittedly a bit too textured and certainly not great to look at.
But, given that I was only playing there for a night, I found it to be
rather nice.
Finally, the thing I can't stop talking about these places is how nice
the players are. There was virtually no dealer abuse. The bankroll
builder guy was a bit rude at one point, and but F. J. pulled him
aside quite quickly and got him back on track. I suppose I might be
able to stand playing poker for a lot longer in an environment like
this. I admit to some biases about the so-called “red
states”, being the east-coast hyper-liberal that I am, but as
long as I avoided discussing politics, I found the whole environment
incredibly friendly.
As we left, F.J. even came by and shook my hand and asked if I was
enjoying my visit to Dallas. I can't imagine any owner of a NYC club
even noticing that a new player had come and wanting to make them feel
welcome. Club owners around here could certainly learn a lot from
these guys.
Steve dropped me back at my hotel, and I was glad to have had a small
winning session, but was still down a lot for the trip. I wished I
could have spent more time at F.J.'s club, as I felt that game was the
softest and easiest for me to beat of the ones we'd seen. F.J.'s
other club was running the next night, so I'd get one more visit there
to finish up the Dallas nights. For the weekend, it was off to a
nearby casino! |
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Ok, Just Tell Me “Don't Fold” and I'll Move On
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Sunday 11 February 2007 @ 23:23
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Here's another one of these. I am only even considering I made a
mistake because the player in question was extremely tight.
In a $1/$2 NL HE $200 Max online, 10 players, the hijack seat limps,
cutoff raises all-in for $8.50. I reraise to $25-to-go (having started
the hand with $250) from the SB with K K . An Ultra-Tight player in the BB
(who has me covered) smooth-calls and the limper folds. I have
Ultra-Tight on QQ or AA, maybe AKs, but he probably folds even the latter
90% of the time in that spot.
The flop is A K Q . I check with the intention
of raising, since I know he probably flopped a set. He bets $20, I
raise to $100, and he goes all in and I call immediately, expecting
to either see a set of queens or of aces. It's aces.
I should never, ever consider just betting out and being done with the
hand if he stays in the pot, right? I should try to get the money in,
right?
Man, playing poker this many hours yields set-over-set too often. :) |
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A Month (or more) as a Full-Time Pro
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Monday 5 February 2007 @ 13:03
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I mentioned
recently that my lack of entries in January was caused in part
by an experiment I was conducting. The experiment actually
continues, as I decided to extend it, but I will give a brief report
for the standings right now.
The crux of the experiment was to see if I could make enough money to
keep my current lifestyle should I play poker professionally full-time
rather than merely part-time. An analysis I did
last year, showed that playing only 16 hours a week, I was earning at
a rate of around $10-$14/hour. Obviously, in my non-poker life, I
make more than that, so this part-time job couldn't replace my full-time one at this rate.
So, I began to think about how I could increase the earn rate
substantially. One thought was to move up in stakes from my usual
$1/$2 and $2/$5 NL/PL (or $5/$10 and $10/$20 limit) to something much
bigger. This is a dangerous move, especially if I were to play
full-time hours, because I have no history (other than a few short
sessions) in bigger games, even if I am adequately
bankrolled.
I decided to do some more poker reading and thinking about the game. I
looked for a few leaks. But, as I started my month of full-time
hours, I still found myself winning around $12/hour in the $1/$2 NL HE games
I was playing. It's clear to me that against reasonably strong
opponents (i.e., the type who don't often stack off with one pair, and
can read situations reasonably well), that's about the best I'm going
to get.
So, it leaves two basic choices: move up in stakes, or find better
games. I'd eliminated the former, so I was left with the latter.
I had done the first 14 days of the month playing the usual online
sites. But, Full
Tilt had been inundated with the Party Poker refugee sharks, and
the games that were awesome in December ($1/$2, $200 max NL HE 6-max)
had become, by mid-January, a constant battle to take money from the
occasional weak player. Even Ultimate Bet, the once
tight-weak-but-overplay-one-pair paradise has increased in its
occurrence of multi-tabling pros. Other than the heads up games
there — an extremely high variance form of poker — there
wasn't much dead money to collect.
This brought me to around the 14th of January. I thought about
focusing to live play. But, the costs are heavy. I could rent a cars
(I've vowed to never use Greyhound again) to visit AC regularly, but I
couldn't get away from work that easily. (I have a lot going on at my
other job right now, too.) The NYC clubs are profitable, but nowhere
near as good at the AC games. They are also hyper-aggressive, which
leads to more variance.
So, I decided I had to become a online poker game selection specialist.
I bought into every site I ever heard of. I sweated games. I found
out when and where the really horrible players show up. And, my
results improved. From the 14th to the 31st, I earned $79/hour
multi-tabling $1/$2 ($200 max), $.5/$1 ($100 max), and occasionally
$2/$4 ($400 max) NL HE. Plus, I made an additional $1,850 in online
bonuses and promotions. These are results one could live on.
Of course, I don't think these will be typical by any means. I don't
seem to have gotten amazingly lucky, it's really that I have found
fields with opponents whose knowledge of the game is so abysmal that
they cannot help but lose large amounts of money. Such fields are a
rare find, and online poker moves and changes so fast (especially
given the financial unraveling occurring in the USA), that there is
absolutely no certainty that any good games will be available in just
a few months.
However, my live sessions in Atlantic City and other casinos show that
it's likely that I could probably earn a reasonable living as a
full-time pro. Let's assume my results are highly anomalous (one
month can't really show you a long term thing), and that if my game
selection skills stay excellent, I'll earn somewhere at the halfway
point between my historical results and these recent ones. That's
certainly being optimistic, but it gives a good “best
case” scenario of full-time pro life. If this estimate is accurate, I'd make my hourly
rate somewhere $35-$45/hour. That's $75,000 to $90,000 each year,
assuming normal work weeks and two weeks of vacation. That's
completely without other benefits, of course.
However, even in the best case, when online poker ends, I'd doubt I'll be able
to make much more than $50,000 or so a year at it unless my skill
improves substantially or the games stay as easy as they are. (I
think the latter is highly unlikely, and the former would be a
substantial investment on my part). Even if the games stay good, much of the great EV comes from the multi-tabling and fast dealing online. Even $50k/year might be optimistic for live play unless I get much better and move way up in stakes.
I suppose I'm not giving too much
about my personal finances away when I say that $50,000/year without
benefits and only two weeks of vacation/sick days is not really close
to my current lifestyle.
That said, I'm thinking of continuing with the experiment a while
longer. I'm curious to see how long I can keep up the win rate.
While it leads to very little free time between the two full-time
jobs, I'd like to have a go for one more month and see how it works
out. I'll keep you all posted, but it'll be sporadic. |
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Considering Close Situations
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Tuesday 9 January 2007 @ 11:50
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Usually, people spend the most time talking about hands where the
situation is very close. I think this situation is a close one, but
I'd appreciate comments if people think I'm overlooking something.
This is in 6 handed $200 maximum buy in $1/$2 NL HE game online. The
button is a new player, having just posted his first blind this
round. I sat down a few orbits before and I have only a little over
$200. The button has $197, and raises to $7 when the action folds to
him.
I called $7 in the SB with 9 9 , and the big blind folded.
The pot stands at $16 with a flop of 2 3 5 .
I bet out $9 into $16, figuring for a fold if he has overcards and a
raise if he has an overpair. I'm not going all the way with this hand
if he raises; I'll give him credit for TT or something and fold. He
just calls. I figure he's capable of doing this with just overcards
with an ace for a gutshot. He also could be slow-playing a monster,
but I didn't get the sense he could have an overpair, because unless
it's aces, he can't really let a card come off.
The turn is the 9 and I led $15 into $34. My
hope is that now he continues to call if he just has overcards, and
perhaps decides to pounce now if he does have aces or some such.
Again he just calls.
At this point, I admit to being confused about his holding. He could
have flopped a set, which he continues to slowplay. A4 is
possibility, but it seems strange he'd slowplay that now with a two
flush on board.
The river is the Q . I led $50 into $64. At
this point, if he has AQ and has been ripping with overcards and a
gutshot, I figure he'll just call. I was a bit surprised when he
moved all-in for $116 more. I didn't really think he'd slow-played
QQ all the way down, and that was about as likely as a pure bluff
with a missed straight draw — probably together they make up
5% of the time at most and cancel each other out. I decide that he
either has A4, or one of the flopped sets, and decide to call,
getting nearly 1-to-1.5. He actually held the stone cold, 46o.
It seems to me that I just have to get stacked here, and I'm not
terribly unhappy about the play. But, I've been running badly enough
that I am in that mood of questioning these sorts of situations and
wanting to be really sure I didn't screw up.
I thought a bit about betting less on the river, which would have made
it much easier to fold to an all-in. But I felt that there were some
hands that would pay off that amount, and given that I didn't know
anything about the player, he could easily have misplayed aces or a
flopped set.
The other post mortem thought I had was to bet much more on the turn,
something an overbet of around $40. The problem is, he might still
just call with a flopped set, so the overbet doesn't actually tell me
whether he has a flopped straight or not.
Did I royally screw up here, and if so, how should have I played it to
lose less? Is this really a close situation, or did I just totally
miss the obvious? |
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First Borgata Visit In Years
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Thursday 4 January 2007 @ 15:49
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W.D. and I decided to go to Atlantic City on Saturday 30 December 2006.
I believe that it had been over two years since my last to Atlantic
City. It just usually ends up that I go to Foxwoods, since I know so
many people from the Boston poker world.
We were pretty frustrated to learn that the Borgata no longer has a
poker room rate like the old days — at least for anyone who
plays lower than $40/$80 limit. I checked in with a few staffers, and
they said that they, in fact, have very little control of room rates
anymore. According to a brush and two floor people, the room rates
are controlled completely by the casino hosts, and they chose whether
or not to make offers of rates against someone's player account.
I had been curious about what NL HE in Atlantic City had become. I
heard rumors that a lot of mediocre players were beating these games
regularly for large amounts of money. I quickly found out why. The
players are so bad that a well-trained child could beat the game, if
they had enough bankroll to survive the variance. The action is just
amazing.
It's this weird scenario of the clueless leading the clueless. The
“strong, sharky players” at the table are these overplay
one-pair types who think they should get every dime in the pot with an
overpair. They are trivial to read because they play almost no hands
and they turn up their nose at players who take flops in multiway pots
with oddball hands: They must be donkeys if they play hands not in
Sklanksy's list . These people would probably do ok at limit, but
because they get so many chips in with one pair, they are actually
helpless at NL HE and don't really realize it.
But that's only 2-3 players each table. The rest of the players are
just completely lost. I mean that almost literally. We had a guy at
our table who had never played poker at a casino before. He was
actually a pretty nice guy (which nicely offset the constant whining
of the “good players” ranting about how many times they
posted on 2+2 or somesuch). This older gentleman was nice and trying
his best to post his blinds, stop himself from splashing the pot, and
otherwise avoid breaking every last poker casino protocol. But,
unlike some others at the table who just flagrantly ignored poker
etiquette no matter what anyone said, he asked us to tell him when he
made a mistake so he could learn.
The variance was brutal, as I kept getting nice situations to put in my
stack in as somewhere between a 60%-80% favorite and losing. I won't
violate my journal's “no bad beat story” rule and tell
details, but I was quite sure I had positive EV enough that I need not
post these hands to ask if I played them right.
The only truly questionable hand that I played was actually a hand
against that kind older gentleman. To set it up, I should note that
he was clearly a limit stud home game player (he noted he'd been
playing for years but never in a casino), and he got easily
confused about how and when to bet. He would bet (what we believed
was) top pair by overbetting the pot 6-to-1 or so, and would never get
called (hence the “we believed” part). When he had a
reasonably strong hand — two pair or better — he'd often
call down the whole way, so it was difficult to tell his true
strength. W.D. lost a bunch betting two pair into his flopped flush
this way; W.D. thought the fellow was drawing. I got caught by
something similar, but I think maybe I didn't make a mistake given his
wide range. Here's the hand:
I raised to $10 from middle position with QJs, which I'm typically
doing in this game. I actually do get called by weaker Q-highs and
J-highs (people will play basically any face card with a kicker above
an 8 in this game for a small raise). It folded to our older friend
on the button, and he just called. We saw a flop of QQ3 heads up,
with two suits. I bet $20 into $23 and he just called. I figure his
mostly likely holdings are a flush draw, or the case Q.
The turn was an offsuit K, and I led for $50 into $63, and he called
again. Of course, he would play the entire range of 33, AQ, KQ, QJ,
QT, Q9, and Q8 this way. (I actually do think he would have reraised
preflop with KK.) So, I felt there was basically no way I can
eliminate any of these hands unless he raised; I kept reminding myself
throughout the hand to instantly fold if he raised and looked strong.
Baring that, I wanted him to keep calling with a weaker Q. I knew
from other hands that bets sizes around $75 or so actually caused him
to pause when he had a draw, so I tried to keep him drawing if he
was.
The river was an offsuit 2, and I decide ultimately to give him one of
the queens I was beating, and bet $75. This assured a call from
everything but the flush draw, and if he did raise, I was surely beat.
He just called.
This is where things got confusing for everyone. I tabled my hand as
quickly as the calling chips went into the pot, as I always do when I
am last aggressor on the river. The dealer looked at my hand, and
collected the pot into a pile. A second or so went buy; our friend
flipped his hand, and I saw a black trey flash. Before I could see
his whole hand, the dealer was shipping the pot to me. I looked up
and saw three threes laying out in front board (our friend was in the
five seat near the board). My hypothalamus pot scooping reflexes
kicked in to collect the pot headed my just as I realized what was
happening. Yet, the pot had already hit a small stack of red chips
out in front of my main stack.
By the time I looked up at the dealer and opened my mouth, the whole
table was in an uproar. The dealer had misawarded the pot. The
2+2-obsessed guy to my right said: just give him the pot, you know
which chips are yours and which were in the pot . I actually
didn't. A red chip or two definitely got confused, and I certainly
recall touching some of the pot's chips as they came toward me, so I
couldn't be sure that I hadn't absent-mindedly stacked them while the
treys were swirling and the dealer was misreading the board.
Floor came over and didn't know what to do. I immediately conceded
that the other player had won the pot, but before his hand had been
properly read by the dealer, the dealer had misawarded the pot.
Meanwhile, 2+2 guy yelled in my ear louder than usual, saying I should
give him the money and move on. The floor guy did not, unfortunately,
take control of the situation.
After another five seconds went by, I said: Look, I saw treys full
of Qs. I know the pot is his. I remember the action. Let's take
my chips, and reconstruct it street by street together.
We did so, going backwards from the $75 on the river, and we rebuilt
the pot by putting chips from my stack in front of me and the older
gentlemen to represent each bet that was made. Then, just as I
finished, saying: And three whites for the blinds who folded
and tossed those in, the dealer grabbed the pot and started shipping
it.
I said, Wait, that's the action, now I'm owed $4 for the rake.
The entire table erupted in rabble-rabble-rabble. The dealer and the
floor person argued that since the rake had already been taken, I
wasn't owed anything from the pot. But we've already dropped the
rake , they kept saying.
I gave them two full go-rounds of: That's exactly my point. The
rake was taken by the house, from the original pot. We've
reconstructed every bet made, including the blinds, and therefore
the pot out there that constructed from my stack is the pre-rake
pot. Since every chip came from my stack, and you've already
dropped $4 from the old pot, $4 in the newly reconstructed pot goes
to me . Then, they finally agreed, looking more like they were
appeasing than believing me. This whole damn table was a tribute to
the cluelessness of the human race — me included with my
distracted ill-gotten pot stacking.
Frankly, the floor shouldn't have let me take charge. I did because it
seemed the only way to keep the game moving, because I'd heard the
word “camera” mentioned, and I didn't want the game held
while they went to see if the dealer really did misread the board,
etc. I saw the treys-full distinctly after the pot was already in
front of me, and was happy to just do what needed to be done to get
the guy his money and get to the next hand.
It was, however, a bit humiliating to be the only one who remembered
every last bet of the action, and then to be in charge of
reconstructing it so I could give $155 over to a guy who had no clue
what was going on. And, of course the dealer made a completely rookie
mistake, and the floor guy didn't do his job, either. I sure hope the
guy forgot, as he kept doing all night anyway, to tip the dealer that
time.
Anyway, I still think I couldn't have played the hand differently.
That's a tough thing about someone who is completely new. It's
actually more challenging to read them than the “good
players” because their range is so big. I was ready to fold,
basically on ever street, if he raised. (Unless, of course, the dude
tried a bluff, because he actually was the first person I ever saw who
had every single Caro bluffing tell at once, so I surely would have
known.) But given that he just called every street, how can I not
lose the amount that I did?
I should note this exact same thing happened to me in the 2/5 game at
Foxwoods early in 2006, where I held AT on TT5 heads-up against a
player who was brand new — never having played poker at all
before. That fellow actually had trouble reading the board over and
over, called everyone all the way to the river and asking the dealer
to read his hand for him. I mean, I've learned how to
fold open trips since my previous disasters, but, in the future,
should I just check them down, particularly against players this
clueless? ;)
Regarding the Borgata's amenities: I like the new poker room, but I
wish people would get used to the smoking ban and stop wandering in
drunk with lit cigarettes like idiots. The salad place at the food
court below is nowhere near as good as the fast food at Foxwoods,
but also isn't bad at all.
Finally, I don't think the 2/5 game is worth it there. I sweated one
for a while, the players are much better than at 1/2. It's probably
somewhat beatable and has substantially less variance, but with a buy-in
of only $500, you can pick up easier (and likely more) money playing the
$300 buy-in 1/2 game.
The limit action is presumably pretty good still, but I didn't wander
over my old $6/$12 grounds, since the NL HE games were so
beatable-by-morons easy. Ted Forrest was there playing $1,000/$2,000
H.O.S.E. (Although with another semi-famous pro whose name came
immediately to me when I saw his face, but whom I've now completely
forgotten other than his first name begins with a “D”.) I
kept taking the long route to the bathroom to gawk, including one time
when they had called security to shoo rail birds away, and to set up a
perimeter (why didn't they do the latter from the start?). Ted wasn't
doing well, I don't think. I saw him with chips and a stack of cash
on one pass and later with just cash, although it was admittedly hard
to see, so I don't want to start false rumors of Forrest losing at the
$1k/$2k game at the Borgata. |
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Spot the (Many) Mistakes
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Saturday 30 December 2006 @ 08:48
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 This is an online hand that I played very poorly. (Maybe I should post
the good hands once in a while, but what's the point of talking about
the right things one does? Focus on the mistakes to get better,
right?) There are so many mistakes in this hand, I'm not sure which
one to focus on. I will just lay them all out to you.
In a six-handed NL HE $.50/$1 game. I am in the $.50 small blind with
$218, Jagsmith84 (with $42) is is in middle position, followed by
BigGross ($99), followed by rotncotn ($473).
Jagsmith84 limps, BigGross min-raises, rotncotn calls, and I call with
A K .
I usually call with AK out of position rather than raise, as I
don't want to build a big pot preflop.
The flop was T 9 A . Checked to BigGross, who
bets $9, and
everyone calls. Perhaps I should have bet out. I know there is
a heart draw out, but I don't know where, and check-raising is going
to built the pot too big if aces-up are out (people on this site
generally overvalue weak aces). I decided to take a turn and see if
it's a safe card. Probably a mistake.
The turn was K with a pot of $47. Something
possessed me to check-raise. I figured that if I had one bettor
into me, and only callers behind, a check-raise would clear the
field of draws and isolate me with a weaker two pair most of the
time. I'd learn quick if something better than that was out.
Again, probably a mistake.
This time, BigGross gives up, rotncotn bets $24, and I make it $60 to
go. Obviously, I have to put more in there, but rotcotn is deep,
I think, so I figure even a small raise will put him off most hands.
He calls relatively quickly. Ok, a flush draw is his most likely
holding, right? Other possibilities are AT and T9, and he want to see
the river too without committing too much more. The river falls
9 , pairing the board and getting
the flush draw there. I bet $50 into $167, hoping that I can get
called by AT. He check raises all-in (another $97 to me), and I
fold.
I probably should have led for the pot size on the turn, but given that
I didn't, I should have considered seriously check-folding the river.
But, I probably made more mistakes too. I figure some will say
reraising from SB with AK is correct, but I really don't like that
play most of the time. Any other things I did wrong? (There have got
to be tons; I am really unhappy with my play here.) |
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Bad EV Meta-Decisions
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Friday 29 December 2006 @ 03:36
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 I realized for the last few months, I've been making awful EV
decisions. I've actually be playing just fine, more than fine. I'm
winning somewhere around 3-5 big blinds / 100 hands online, and 5-7
per hour live. But, the problem was I was playing well below my
bankroll in games that were just so easy that I was passing up better
EV games to play in them. Wasting time in such live games is bad
enough, but even after stopping that, I was still doing it online!
Anyway, so two days ago, I started trying to figure out why. Online,
it started because I didn't want to fully trust the online sites while
UIGEA ticked towards full implementation. After cashing out during
the frenzy, I decided a few weeks later to put $200 into each site and
build it up. I've labored in the pathetically $40-$60 buy-in NL HE
games, playing deep stack when I could find it, and I've got about a
grand on each site now.
That's not too shabby for a few months of work at 10-15 hours a week at
those limits. But I've been wasting my time.
These games are filled with Level 1 players, who who are still confused
about what hand opponents are actually representing when they bet (of
course, at these limits, those opponents nearly always have what they
are representing, too). I can play six tables at once and keep the EV
the same. It's just easy and mindless. It's so easy that it makes me
question my assertions that bots can't be written to beat low-stakes
NL HE games the way they can beat low limit games easily. I think I
was that bot that past few months.
I finally got fed up two nights ago. I decided that I'm not going to
do this prefect and correct bankroll management online. I certainly
won't cash out until I get to $3,000 or so per site (just in case my
deposit methods stop working as I suspect they might RSN), but I'm not
going to try to eek my way back through the baby stakes again,
respecting some sort of 20 buy-in rule on each site as I have been.
If I get screwed by the UIGEA and can't buy-in again, I'll move on and
start playing live a few nights a week again.
I did technically have +EV playing these games, but in a relative
sense, it wasn't. I should have been in the $200 and $400 buy-in
games. My skill level is completely adequate to beat those games.
There are always a few totally clueless players floating around those
limits, anyway (usually the pointless hyper-aggressive types online
who have never folded QQ preflop in their life). The rest are mostly
the would-be “good players”, who are my favorite to play
against, anyway. They are so easy to read because they rarely deviate
from the obvious starting hand selection, and they have won enough
times that they don't realize that they have so much more to learn.
(Every 1/2 game, live and online, I've ever seen is filled with these
people, but online, you can get plenty of hands per hour and lots of
rake back, and I don't have to listen to their incessant whining about
how good they are.)
So, I'm done with the baby stakes, probably permanently. This whole
multi-table volume play is a grind that doesn't seem to earn beyond
theoretical maximums anyway. Plus, at the higher limits, I can
actually use more of my skills. I can stay on Level 2 pretty much
constantly, and often find myself in Level 3 territory. At 1/2 NL HE
online, you can actually find some Level 2 players here and there, and
it allows your full range of skills to take hold. At the baby stakes,
it's just “do the obvious, rinse, repeat”. (For those of
you that play live mostly, it turns out that online, the players are
slightly better for the given stakes because the selection factor is
higher on the player pool.)
I had, frankly, somehow totally forgotten you could earn money at poker
by being actually smarter than other people, rather than just not
being a total idiot. Let the sea of fad NL HE players that learned
the bare minimum rake up the chips at the baby limits for me; I'll
stick around low-to-medium and it'll still be relatively easy
pickings. Now, if I could just get back the past few months...
Anyway, my point is, you can play perfectly and still be a donkey,
because you might not actually be maximizing your skills by playing
too low. That's the moral here, I think. Rory pointed this out to me
in a comment years ago; I'll dig it up later and post an update.
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Should I Make a Laydown?
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Saturday 16 December 2006 @ 22:26
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 I've been playing reasonably well lately, and been able to make pretty
big laydowns. Here's a case where I failed to lay down the third nut
full house when there was a reasonable chance my opponent held the nut
full. However, I don't think that I made a mistake, but
would like some input.
This hand is from a 10-handed tight online game, with $.25/$.50 blinds
and no maximum buy in. This game was tight and passive, most flops
were heads up if raised, but there was a good amount of limping. I
started the hand with $213 and have the table covered. spcome, my
heads-up opponent on the flop, had $59.90 behind.
UTG+2, I raised with 8 8 . RoyRFlush called me, and
spcome from the small blind made it $5.75 to go.
I've been raising lots with any pair, any suited connectors and two-gappers,
and pretty much any hand I play, and I play tons against opponents this tight-weak. However, it's not
common for someone to reraise from the blinds, so I actually gave him
a tight range: JJ, QQ, KK, AA, AQ or AK. There is really no way he
has something else.
I called for set value, since it's only 10% of his stack and most
players on this site will stack off with any overpair. I flopped gin
with 8 5 5 . spcome bet out $9. I
basically have him on an overpair or an AK continuation bet. I call
with celerity, trying to represent a flush draw, and hoping it doesn't
come if he has an overpair. The turn fell K .
spcome thought for a moment and bet out $7.50. This bet is basically
narrows to three possible things: A K , KK, or a scared QQ, the last
being unlikely.
I figure I should call to try to trap the A K .
The T brings any possible flush draw
home on the river, and spcome led all-in for $37.65 into $45.25. I
called immediately, figuring he's made a flush or he has kings full.
My “muck or show” window popped up; he had K K .
I'm curious if others think this was just plain bad luck. I think the
only other decisions I could have made were: (a) raise the flop
against the obvious two-outer, (b) fold the river. It seems to me the
spade falling on the river forces my auto-call because A K becomes as likely a holding at
that moment as KK, given the action. I also don't mind my play on the
turn, because I'm enticing him to keep coming at me if he does have AK.
As for the flop, again, I think just calling is better in case it's
just AK or AQ.
[ Update: for those who don't read comments, I'm convinced by swolfe's arguments that I should fold the hand on the river if I chose not to move in on the turn. ] |
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If the Shoe Fits …
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Friday 8 December 2006 @ 00:11
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 [ It's been quite a while since I posted a River Street retrospective, so
I decided to write one last night before bed, since I got home from work too late to play any poker. ]
That's him, I'm telling you , I said to Nick. We were standing,
waiting for a seat, at one of the tiny two-table poker clubs in Boston
a few weeks ago. That's not him. It can't be him; he's not acting
anything like him , Nick insisted. I retorted: But, his wedding
ring; it looks just like the one he had, and I remember it from when
he got married while we were still playing at River Street. Remember,
that girlfriend of his that he married? Remember how he left her at
home with the fire alarm running while we were playing poker. She
couldn't even reach the thing with the step ladder to turn it off, and was
calling every ten minutes for an hour to beg for him to come home to
take care of it. Then, he'd hang up and say ‘just one more
hand, then I'm leaving’?
Nick was still sure it wasn't the same guy. I offered to settle it the way
all poker players do: Ok, I'll make a $50 even money prop bet
with you that it's him. No? $10, then. C'mon, I know it's him.
Nick's doubt eventually had me doubting myself. Could I have
misremembered him that completely? After all, this guy seemed
pretty calm, and hadn't been stacked the whole time we'd been
watching the game.
I tried to think of what he looked like in those days, but the memory
that came back was how I got his name wrong at first. A number of
people at the River Street game knew him from outside the game;
apparently he'd come from the same undergraduate program as some of
the other MIT regulars. They had always called him by his last name,
which my poor hearing had picked up as “Troy”. I
remembered vividly referring to him that way one night in his absence,
asking Where's Troy tonight? . No one seemed to know who I
was talking about.
Someone finally realized what I was saying, and argued: You think a
Chinese guy is named Troy? . Well , I answered,
why couldn't he be? By his accent, this “Troy”
sounded like he was born and raised somewhere on the east coast.
He's as much Chinese culturally as I am Polish — at least a
generation or so removed.
This was an academic consideration, of course. As it turned out, all
along, they'd been calling Michael (which was his first name, I'd
suddenly learned) by his last name — a common Chinese surname
that rhymed with Troy. (As a footnote, another River Street regular
eventually showed up a few months later carrying from Canada the
actual name, Troy. But he's a profile for another time.) I decided
that from that point on, I was avoiding the confusion and just
calling this guy, “Michael”.
Michael was probably the most excitable player ever to visit River
Street. There was no question, frankly, that poker was gambling to
him. He played lots of pots; he moved in with nearly every draw. I
distinctly remember the first time in NL HE that I ever got bottom set
(222) all-in against the nut flush draw. It was heads-up against
Michael in Greg's kitchen, sitting in one of the comfy kitchen chairs
I'd arrived early to reserve. A good tenth of my bankroll at the time
was in that pot. I learned the meaning of “action
player”, “gamble”, “redraw” and
“EV” in the seconds it took Greg to deal the turn (a
flush-making heart) and the river (a board-pairing 8).
But the nut flush draw was just a mild gamble for Michael. He'd play
bottom pair to the river in limit HE without thinking twice. In the
right mood, he'd push in with just about any ace-high if he had less
than half the buy-in. Sometimes, he'd even just have king-high; that
is, if it was his favorite hand — his beloved
“Ko-jack”. For a number of weeks in that winter and spring
of 2004, he was the action of River Street.
Then, he'd go broke. Greg would let him deal, and we'd tip him well.
After all, as soon as he'd put together $50 or so, he'd buy in short
with his tips, and then go broke. He'd go to the ATM, come back, and
go broke. He'd win on Tuesday, take a stake of $20 bills home, bring
them back on Thursday and go broke.
That spring, Michael joined a big group of River Street players who
went off to Foxwoods for a long weekend. The stories that returned
that Tuesday were nearly unbelievable. Michael, so that Tuesday crew
was told, had discovered craps. He'd went on an amazing run. He'd
been tossing dealers green chips as tokes. He was betting blacks on
the pass line on ever new shooter.
Not to disappoint, Michael showed up that Thursday with a pair of red
dice. In between poker hands, he'd point at someone across the table
and say: You be the house; I'm the new shooter . I don't recall
that anyone actually took him up on his offer to bankroll his
intra-poker-hand floating craps game, but his excitement for the
gamble carried over into every aspect of both games. Invariably, as
he'd receive his cards, he'd move those dice from the table to his
face, wedging them between his glasses and his eyes. His eyes now
closed and covered, he'd squint to hold the dice in place. His head
now high, he'd look back across the table, and in a robotic voice,
slowly chant: What number am I? … What number am I?
In these days, I had just started learning NL HE cash play and I would
often forgo the $1/$2, no max buy-in NL game in the kitchen
(particularly when the field seemed tough) and continue with the $3/$6
limit game in the living room after the NL HE game “broke
out” from the kitchen's $5/$10 game. It was on one of these
occasions that the most unforgettable Michael incident occurred.
It was an average River Street night. We were used to shouts from the
kitchen during major all-ins or other surprises in large pots. The NL
HE game had been going for a while when we heard an unusually loud
screech — enough to freeze up the action in the limit game.
Michael came storming down the hallway, caught somewhere between
shouting and muttering.
As he approached the front door, which was directly adjacent to the
living room, he started to stumble. He had stepped into the mass of
removed shoes — a kindness to Greg's neighbors to avoid the
noise of 20 people stomping around that top floor River Street
apartment. Michael looked down at the piles of shoes, and the
muttering continued. He was close enough that I could hear it now:
King-Jack. It had to be King-Jack. It had to be my hand .
Tears were beginning to swell in Michael's eyes. His gaze narrowed on
a lone shoe, separated from the others; he picked it up —
examining it, ostensibly to see if it was his. Establishing that it
wasn't, he simply hurled it at the front door. King-Jack,
King-Jack . Another shoe picked up and thrown. Another, and
another. Shouting now: King-Jack; Why did he have my
hand!?! Sidney, Greg's loyal canine, ran from the kitchen, barking
quietly. The $3/$6 players ceased all movement, the current pot
conceded to the confusion.
The situation was escalating quickly, and sitting in the three seat, I
was the closest to Michael's current position. I approached, a bit
fearful, and asked the rather pointless and already-answered question:
What happened? , followed by a quick and almost as pointless
Are you alright? , and finally with something marginally useful:
Would you like me to help you find your shoes?
By then, the noise had roused Greg. Within seconds, mayhem had ensued.
The $3/$6 players were moving about; the $1/$2 NL players were
crowding in from the back. Greg quickly shuffled through the now
disorganized mess of shoes to find Michael's, as the man himself had
collapsed against the wall, his tantrum spent. Greg handed him his
shoes, and Michael was out the door before they were on his feet.
Michael lingered briefly in the hallway, banging slightly on the door;
Greg opened the door briefly, shouting that he should go home.
Michael eventually complied.
The details of the hand were never clear but hardly mattered: a sharp
player named Josh had called Michael's bet on the flop with on a lark
with a running straight draw while holding KJ. It got there and Josh
stacked Michael on the river.
As I retell the story, I'm not all that surprised that Nick didn't
recognize Michael. The man we saw last month was clearly a different
poker player. Sure, when we saw him, he seemed like he was playing a
little too loose, and I don't know how many times he rebought. But, he
did cash out something, which is certainly better than the old days.
I was cleaning out my email drafts folder recently, as I switched MUAs
from mutt to Gnus. I saw a message from mid-2004 drafted to Greg,
which read: I am really worried about Michael. After what happened
last night and from his behavior after the Foxwoods trip, I think that
he might have a gambling problem. I was wondering if . It ended
there. I never finished the message.
I hope that Michael has turned over a new leaf. He's not the last
person — not even at River Street — whom I've watched
descend into something truly ugly because of poker. Had I been a
better poker player at the time, I probably would have won hundreds,
rather than mere dozens, of dollars from Michael. Somehow, though, I
am glad that I was still a pretty bad player back then. I wish you
the best, Michael, and I hope you fold KJ preflop most of the time
these days. |
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The Texas Night Rolls On
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Saturday 25 November 2006 @ 12:28
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 [ I pick up continuing story of my Dallas poker week on the second club
of Tuesday night. Previous installments: Earlier Tuesday
night, and Monday night.
]
Steve eventually made the money in the tournament and cut a deal, and
we were off for the next club of the night. Actually, I had already
heard a few things about the next place. A few hours before, everyone
in the tournament simultaneous got an SMS message ad from this other
club. The SMS said, apparently: Tatas, Tacos, and poker at The
Loft .
Dallas, during my visit, was at that moment in its local poker scene
where NYC was right around late 2005. Here in NYC, just after the
72nd street and PlayStation busts in the summer, it became clear that
the police weren't going to do any additional busts for a while. They
surely knew about the additional clubs, but had decided to focus on
the large ones, presumably hoping it would scare the smaller ones.
The opposite happened: in late 2005, it was tough to throw a now-worthless
72nd street dollar chip on the island of Manhattan and fail to hit a
poker club.
At the time of my visit, Dallas had been through some busts of larger
clubs a while back, and like in the late-2005 NYC, the small 2-3 table
clubs were competing heavily for business. (Although, there have been
a
number of small club busts now in Dallas, similar to what happened in
NYC). The small clubs always look for gimmicks to market their
places.
Dallas' The Loft (amusingly sharing a name with one of the better small
clubs that ran on Manhattan's Lower East Side for much of 2005) had
picked a rather odd gimmick — topless dealers. This wasn't the
first I'd heard of this gimmick. Many strip clubs, particularly in Las
Vegas, since the poker boom, have taken to having stripper-dealt poker
tourneys, where an article of clothing is removed by the dealer at
each blind level. However, this was a bit different because it was a
cash game and an otherwise regular club, and the dealer started and
stayed topless basically indefinitely.
It was certainly a bizarre site to see. We entered the club, with one
$1/$2 table going, and, as advertised, a bare-chested woman was
sitting dealing the game. I set aside the obvious incredibly sexist
side of this, and began to view it as an interesting social
anthropology experiment. What happens to a poker game, I asked
myself, when there is a topless dealer?
Well, with this one data point, I discovered that it's not good for the
game. I don't know if it was the particular mix of players, but this
was the most tight-weak live $1/$2 game I'd ever played in. Were they
all busy gawking and therefore folding everything but top ten starting
hands? I couldn't really tell for sure, but at least a few of them
were clearly disinterested in both the game and the topless dealer and
downright bored (it was, after all, a boring game, with plenty of
blind steals and few flops). Certainly not a profitable game, given
the heavy rake.
Ultimately, I found it distracting to play in a game with a topless
dealer, but not for the prurient reasons you might think. The problem
is much more mundane than that. To use a horrendous pun, since they
are almost impossible to avoid here anyway, there is simply too much
flopping in this game. Obviously, naked female breasts tend to move
around a lot anyway, and dealers do quite a bit of reaching and moving
as it is. Now, I've never been distracted at all by a dressed female
dealer, but I assume I've never been dealt for by a woman not wearing
a bra. As it turns out, in this topless situation, as you try to
focus on the actions and movements of your opponents to build reads,
you see constant movement out of the corner of your eye. It's simply
movement you don't expect to see, having spent hundreds of hours being
used to how people move at the poker table. You see movement that is
so out of place that it distracts you. Then, you quickly remember
that this a club with topless dealers, and that you are actually much
more interested in playing poker than watching this woman try to reach
for the muck without a shirt on.
So, This gimmick is just a stupid idea. I think that even men who
actually like going to strip clubs and somehow enjoy the experience of
group-staring at naked breasts will find this sort of thing pointless.
And, the discomfort of the dealer is not to be ignored. I twice saw
her actually get her nipple slightly injured by getting it caught in
the chip rack. (Ok, yet another awful pun there that I again can't
find a way to avoid.) I mean, how far is this club willing to go for
this stupid gimmick?
I might have been inclined to stay if I felt my opponents were actually
being distracted or otherwise inspired to make mistakes because of
this pathetic display. But, the game was not all that great; the
players were the type you find online in tight-weak games where seeing
lots of hands and making lots of raises help you win. But, doing that
live at a ten-handed game with a heavy rake is somewhat hard to do.
Steve and I left after only an hour or so. I was down about $80,
mostly because I got pot-stuck with a flush draw against a short stack
(and embarrassed myself by offering to do business at stakes where it
is (apparently in Dallas) socially unacceptable to do so — poor
Steve was mortified), and for misreading someone in a “has the
nuts or nothing” situation, calling off about $40 over two
streets.
We headed out to another $2/$5 game — F.J.'s second club. This
was probably the best game we visited in Dallas, and I look forward to
telling the story. |
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Focusing on Online Play
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Wednesday 22 November 2006 @ 12:39
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 I actually do have posts from the rest of the Texas trip mostly
written, and will get them up this week. I have a few other trip
reports coming as well; I just want to make sure they are reasonably
well written before posting.
Anyway, I am posting a program note, as it were, that I'm probably
going to be spending most of my time playing online until the full-on
crackdown from the law comes. I've actually worked out with the
cashier department of Full
Tilt Poker to allow me to deposit via Visa Check Card and cashout
via standard, paper check. However, I'm planning to do careful
bankroll management so I don't need to buy-in again, because the Visa
Check Card method will surely go away as soon as the banks start
complying with the law, which they'll likely do a bit early of their
deadline. I figure I'll probably be able to deposit cashout checks
from Full
Tilt right up until the deadline; implementation of anti-check
depositing systems will probably be last on the list, since it's only
semi-electronic.
From a time management perspective, given that I'm relying on $1k/month
coming out of poker for expenses, online play is the most rational.
The games in NYC are still full of amazingly bad players. However,
even though the profitability of the games outweigh the time charges
and tokes, it's really a question of time investment. If you can get
only 20-30 hands an hour, against annoying people (most of the NYC
player fare), and still need to commute to the club, why bother?
There's no point when instead you can get 200 hands an hour, against
players who make (fewer but) enough mistakes to be highly profitable,
and you can instead talk with your wife in-between hands. Is this
even a hard choice?
Poker is about maximizing EV, and NL HE is a predatory game. Being a
predator is a tiresome business, and meanwhile, I have a real job that
is focused on making the world a better place. That job requires
substantial time investment, and is actually worth it. It's
not worth staying up far too late watching a bunch of insufferable
people give you their money, when the same type of folks will instead
click buttons and give you just as much money, and you can still get
to bed at a decent hour, and go into your day job that you actually
like.
Finally, there's the factor that online poker may be gone soon for US
Citizens. I may find myself left with only the annoying NYC club
scene at some point, and it's clear if it survived the last round of
major busts, it will continue to be there indefinitely once online
poker is really gone. I can always reevaluate based on new
information as the poker world continues to change.
Oh, and on the home game front, I've made a deal with my wife, since
it's better for her, to host them once a month but for much longer
(1PM-midnight). The setup and cleanup costs are pretty high, so she's
convinced me it's a better model to run longer games less frequently.
I realized too that this fits a mixed game setup better anyway. |
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Another Texas Night Begins
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Tuesday 7 November 2006 @ 19:07
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 Tuesday was a full day at my conference in Dallas, but I kept going
back and forth in email with Steve (aka swolfe; poker
journal at swolfe_poker) planning our poker night. I was
able to get away relatively early because the full contingent of
conference attendees hadn't yet arrived, and I got some key
negotiations done during a lunch meeting, so by 15:05, I was sure that
I could get away by 17:15. This worked well, because Steve had a
tournament all lined up.
Steve plays twice a week as a sort of prop player in a tournament at
one of the more fledgling clubs in Dallas. He didn't want to miss it,
and nor did I want him to on my account. I went with him still unsure
if I wanted to buy into the thing. I don't regularly play $100
tournaments, simply because my tournament game is quite weak and I
find that variance is actually greater in tournaments because you have
to play so many to make a score. I usual play tournaments to relax
and avoid the constant grind of the cash games, and it's usually
baby-stakes buy-ins of a $30+3 or $50+5 online tournament. This
$100+20 was thus roughly twice my usually tournament stakes. I
decided at the worst I'd not play and sweat Steve while learning a
thing or two about playing small buy-in tourneys to improve my game,
so I was ready to go.
We arrived at an yet another amazing, beautiful and spacious apartment
building. Granted, you can't hop on a subway car and get out three
blocks from a poker club, but the idea of a 15 minute drive to a nice,
comfortable, spacious place to play is enough to make one question
whether NYC really is the capital of all known activities in the world
as our local hype maintains. The Mayfair club is long gone, folks,
and Dallas has some things on us.
In truth, this club was a bit of a fledgling one. Like most fledgling
clubs, they use a tournament to draw in players so they can make the
real rake and tip money in the cash games that follow. We arrived
before anyone, save the dealers and few seemingly retired folks. A
Chinese poker game was going, as Steve had mentioned in email earlier
that day.
I was prepared to be a 100% Chinese poker fish to learn the game, as
Steve said at the stakes they usually play, $20 would be a big loss
even for 100% donkey play. But, we strangely agreed to make a Chinese
poker game around play money only. And, boy, was this good for me. I
quickly confused the rules and fouled three hands.
Before I explain that, I should explain what Chinese poker is, since I
know some of my readers don't know how to play it. There are a number
of variations, but generally you get 13-15 cards and set three poker
hands, of escalating value, and try to beat your opponents on each of
three hands (sometimes the top hand is less than five cards,
forbidding straights and flushes). Opponents must pay you a certain
amount if they beat you on each level, and you get a bonus for
scooping. You can also chose not to set hands, instead folding and
paying a fixed amount less than what getting beat down by everyone
would cost you. It's a cute game; but much different from what we all
know of as “poker”. My gut feeling about it is that it
plays more like gin rummy or other round-based card games.
Now, the classic beginner mistake of Chinese poker is fouling your
hand. You are required by the rules to have the hands escalate in
value (unless you are playing some variation where you put the lowest
hand in the middle, or something like that). No less than three times
did I excitedly get two full houses, but put the biggest one in the
middle. I went broke from my preassigned play chips, and given that I
was totally confused and there were really only two other players
interested, the game broke. I felt bad for making the game basically
unplayable due to my utter cluelessness and inability to learn it
quickly enough, but it was getting time to get the club moving for the
evening, and one of our Chinese poker players was also a dealer.
I wandered into the huge kitchen (which was adjacent to a
second living room with a television and a second bathroom),
and found a Boston Market food spread. Being a vegetarian, there
wasn't much to choose, but the mashed potatoes weren't bad, the corn
was edible, and the macaroni and cheese was pretty good. I had my
free dinner, and wouldn't be billing it to my employer, which made me
feel better for ducking out for poker while on a business trip.
As I ate, the club owner asked me again if I'd play the tourney. He
said he felt there would be a full two tables, and I decided that such a
prize pool, given that rebuys for the first three blind levels were
permitted, was probably worth the equity. Steve had watched the
players arrive and indicated to me that despite my weak tourney
skills, I had a huge edge over the field. I bought in and took my
seat.
I was somewhat amazed to find my table to be primarily tight-weak. I
guess I'm just so used to NYC tournaments, where the childish
hyper-aggression requires that you make pretty good reads and reraise
a good amount lest you get eaten alive by blinds that go up way too
fast. Here, a bunch of middle-aged players more interested in the
football game than the poker game were planning to fold their way to
the bubble. I tried my best to disappoint them, and won enough blinds
for an hour to get a shot at the money. I took only one hand (QQ, as
an overpair) to the river, and my opponent fortunately missed his
somewhat obvious straight draw and didn't pay off the river. Mostly,
I was trying to take blinds, and usually continuation betting when I
didn't succeed. I kept pace this way with those winning big pots, and
had a medium-to-small stack when the tables combined.
I decided at that point that I wanted to make the money more than I
wanted to win. I don't play enough tournaments at this level to make
risk-taking for a high showing a good goal, since such strategy
increases your cashing variance a great deal. Still, I didn't have
enough chips to fold my way to the money, and the blinds escalated
quickly enough that all but the monster stacks were playing preflop
poker.
Of course, I wasn't going to move in with the 7- and 8-high hands I was
getting, because everyone seemed ready to gamble with hands as a weak
as queen high if it was for less than 25% of their stack. It seemed
no all-in had fold equity unless I waited a bit, and I might as well
wait for a hand. I moved in with an Ace high three rounds after the
tables consolidated and picked up two limps and the blinds. I waited
another three rounds, and got folded to with J9s with three non-blind
players behind me, and decided not to push. Results-wise, I should
have, because a weak Ace-high behind me got it in with a King-high in
the blinds and the board contained a winning J9. Still, I probably
made the right decision despite the fact that I was down to only five
times the big blind.
I moved in a few hands later with K5s, got called and lost to A4o in
the big blind. I still feel these quick-blind single-evening
tournaments are ultimately a waste of time because it doesn't feel
like poker; it feels more of a card-catching contest. However, my
view may simply be over influenced by my weak tournament skills.
A cash game was going, and I sat in it while I waited for Steve. I was
worried when they said it was $5/$5, and I walked over thinking I'd
see players sitting on $1,000 each or more, but the big stack was a
mere $500 and most had $200. This, too, was a preflop game, but I was
fortunate to see a flop with TT for $20 against AK with $250 behind.
I thus won my buy-in back quickly by check-raising his continuation
bet all-in. I had hoped he played his cash games like tournaments,
because I expected a pot sized continuation bet based on playing him
in the tournament, and figured the stacks were short enough he'd call
on the T23 board with any overpair if I made it look like a heart-draw
semi-bluff. He showed AK and folded, though, so I probably won the
maximum, although I might have gambled against a possible flush draw
and tried to get more bluff money in on the turn and/or let him catch
up to a pair. Anyway, I was happy to be net-even for this club.
Steve eventually made the money in the tournament and cut a deal, and
we were off for the next club of the night. Actually, I had already
heard a few things about the next place, as a few hours before,
everyone in the tournament simultaneous got an SMS message ad from the
club we were headed to. This next club wouldn't be the best game, but
it would be the most unique of the Dallas scene. That story will
appear in my next entry. |
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I Didn't Mess With Texas …
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Thursday 2 November 2006 @ 22:53
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 Last week, I was fortunate to end up on a business trip to Dallas,
Texas. For most people, this isn't a major destination. But, I
fortunately have been reading the poker journal of swolfe
(which is kept at swolfe_poker these days) for about six
months. There are not many strong poker players who keep online
journals. It's sort of a tendency of strong players that they tend to
keep journals early in their play, and taper off as they become
particularly strong. However, Steve has kept his journal up quite a
bit even as he's become, frankly, an extremely excellent player.
It was a rather funny thing to meet Steve in person. It was actually
my first “Internet meetup” — a situation where I had
met someone solely online and was going to meet them in person. I
have to admit that I had some trepidation about this, but once I
jumped into Steve's car in the parking lot of my hotel, and our
conversation turned to poker, I was quite comfortable and not worried.
He wasn't going to drive me to a ditch and kill me. :)
As we drove, Steve gave me the run-down of the Dallas poker scene. As
it stands, they basically have more clubs than NYC, they just
don't run every night, and are often one or two table affairs. In one
case, two clubs are run by the same person, a fellow named F.J., and
he has different clubs going on different nights.
Steve's primary game is $2/$5 NL HE, and the games usually have no
maximum buy-in. I primarily play $1/$2, because the games are so
easily beaten, but I occasionally take shots at $2/$5. Plus, given
that the games Steve knew best were $2/$5, I was happy to take a shot
with a somewhat short stack in a game that was a bit big for me.
So, less than an hour from pulling up in the Super Shuttle to my hotel
(Steve ended up pulling into the parking lot right behind it), I was
walking into the smaller of F.J.'s clubs.
The first thing that struck me was how large apartments are in Dallas.
Most of the games are run out of upscale apartment space — but
these places are so spacious and well-equipped, they would go easily
for at least $10,000/month here in NYC. They've got full, open
kitchens, with spacious living rooms and bedrooms and giant bathrooms.
It may be cliché that things are bigger in Texas, but when it
comes to apartments rented for the purpose of hosting underground
poker clubs, there's some truth to it.
I had actually been preparing myself for something that it turns out I
need not have worried about — I figured that all the clubs were
very smokey. This is an annoyance that you just have to deal with as
a non-smoking poker player; a lot of poker players smoke and clubs
tend to have an indoor smoking room far too close to the tables. I
actually had assumed that there was smoking at the tables in Dallas
based on some of Steve's old posts, so I was delightfully surprised to
find that there was no smoking anywhere near the table. Indeed,
everyone was kind enough to go outside, and, not a club I visited in
Dallas was any smokier than any of the NYC clubs I've been to.
So, I stood at our first stop, somewhat shocked when I saw the
beautiful apartment and friendly people. In fact, that's what I'll
never forget about Dallas poker — the people are so
friendly, polite, and respectful. Sure, there was an occasional
coffee-houser and table-chatterer, but there was a noticeable
difference in demeanor when comparing the NYC players (actually, east
coast players in general) to Dallas ones. I have never seen a table
full of people take bad beats better, and the camaraderie and goodwill
at the table was palpable. I go to NYC games and can't wait to get
away from those jerks and take a shower. For example, I was a table
the week before I left for Dallas and someone shouted at a dealer:
You ass-ramming faggot, why did you put that queen up on the
turn? . I couldn't even imagine any Dallas player I met during my
week there acting this way toward a dealer or another player. Dallas
poker is, in a phrase, classy all the way.
As for the games, they were amazing. I hope to make a post about each
night's games, so for this post, I'll focus on the Monday game. This
was at F.J.'s smaller club, which had only one table. We arrived at
nearly 22:30, and the game was already in full swing with a few very
large (over than $1,500) stacks.
I was somewhat nervous; flashing through my mind was the rule of thumb
that you should actually always player lower than your
regular stakes when you travel. I decided to buy in for $400 (after
almost accidentally buying in for $500) and try to get doubled up.
Steve had this look on his face worrying that he was leading me to my
poker demise.
As it turned out, I was actually somewhat happy with the bad cards I
got dealt — a constant series of 92, Q3, 83, and the like. The
game was primarily loose-passive, and usually three or six players saw
a flop, even for a small raise. I didn't see any point in playing
these cards at stakes I was barely comfortable with against players I
didn't know well. I got a chance to sit, relax, and see what Dallas
NL HE is like.
While I did, I sat in awe of Steve's ability to drag every chip on the
table his way. Now, Steve is an amazing player, but he did also get
amazingly lucky this evening. I can't remember the count, but I
actually believe he flopped six sets that night, and stacked someone
on nearly every one! Part of this, I gather, was Steve cashing in on
a very aggressive historical table image, but he was assisted in that
nearly everyone the game thought any two pair holding was worth the
backing their whole stack. Also, most of the players rarely folded
top pair with some sort of reasonable kicker, unless the board got
particularly complicated.
Every few rounds, there'd be some crazy three-way all-in where someone
would decided to take a stand on a medium stack with some suited ace
or middle pair and another two would come along for the ride. I kept
hoping I'd get some sort of hand at these moments, but when I saw 94
for the sixth time, I figured I should toss it and wait for a better
spot.
I played only one serious hand that night, where I flopped a nut flush
draw with A 6 from the unraised big blind on
Q 3 5 . I semi-bluffed two streets,
hoping to cash in on my tight image and get a pot. Sadly, C.S., a
loose-passive regular, decided to call me down on both streets for
pot-sized bets and I decided he either had a flush draw I had beat or
he wasn't giving up some queen. (He wasn't really the type to bluff
at the river when he missed, but would call if he made any pair most
of the time, I figured I'd check and hope I was good in that case.)
He showed Q 2 and I realized maybe I should
have fired the last barrel when I missed the river, but I am not sure
I could have gotten him off it.
We finally headed out around 02:00 and, as the valet brought his car, I
asked Steve, wide-eyed, are the games always that loose? and
he answered in his matter-of-fact way, Sure. I had work email
to answer ,and then I was going to get only four hours of sleep
before I had to go to a conference meeting the next day, but I was
already figuring out a way I could get out again on Tuesday night to
see some more clubs.
Oh, and of course I chuckled to myself a dozen times realizing that I
had, for the first time in my life, played Texas Hold'em in the
actual, real life Texas. Sure it's cheezy, but it's still
darn cool. Maybe the next night, I would mess a bit with Texas.
:) |
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The Hobgoblins of Consistency
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Tuesday 19 September 2006 @ 16:11
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 Ok, I have to come clean on something. I think that, albeit
temporarily, NL HE bores me. I need a long break from it. At least a
month, I think.
I think there are three factors relating to my current boredom. First,
NL HE is my primary poker money-maker, and I'm using poker income for
some expenses now. Therefore, NL HE has warped in my mind to
“work”. And, for most people, and certainly for me, there
is a slight piece of passion that leaves you when something you love
becomes work.
Second, it's all most people want to play. I attend a a wonderful home
game regularly with great people, but the host has given up on the
idea of mixed games. We tried it, but many of the guests weren't
comfortable learning new games. Of course, I'm going anyway to see
everyone, but I have this odd feeling akin to that feeling you get
when someone has asked you to help them move. Sure, you always help
your friends move when they get a new apartment, but you do it to be
helpful and to be social, but not because you can hardly wait to lift
up heavy boxes and carry them on and off a U-Haul truck. I'd really
want to shake this feeling, but I can't.
Third, I think that I have become somewhat rigid in my thinking about
winning at NL HE. I have a set of strategies that work in most of the
games I encounter. I am particularly careful about game selection, so
I am usually selecting games that I can approach with the few
different gears that are most comfortable for me. I lately usually
book big winning sessions, or small loss sessions, still plodding
along at 5-7 big blinds per hour (or hundred hands). I haven't really been
experiencing much wild variance, indeed, almost none at all since I
quit playing limit HE for serious stakes back in December.
But, this is clearly a recipe for disaster. Complacency and boredom
are the big enemies of one's poker game. I must assiduously combat
this. Here are some strategies that I'm considering, some of which
I've already begun to implement:
- When you say,
Doctor, it hurts when I stand on my head! , the
doctor says Then, don't stand on your head! . Simple enough:
it's boring when I play NL HE and I feel I'm getting complacent
about my game, so I just shouldn't play it! However, it's tough,
because I keep having this thought that somehow not playing NL HE is
an affront to the poker boom. In other words, that I am failing to
cash in on the free fall of funds from bad players. I think that
this thinking is at least somewhat wrong-headed; I can't live my
life around cashing in on the boom. Positive EV isn't just about
external factors, it relates to your internal approaches to the
game. Yet, I struggle.
- Find ways to enjoy NL HE again. I think attending low stakes NL HE
home games is probably a good way to do this. There's basically no
pressure to win because the entire session variance is more or less
what I'm used to in one hand. I can relax, not feel like I have to
extract every penny by absolute perfect observation and situational
advantage, and just play. It will help, of course, if the rest of
the attendees aren't in a hyper-poker-obsessed mood, but most of the
usual crowd at the home games I attend are pretty good about
this.
- Get really into another poker game. The past two weeks, I've played a
substantial amount of Stud High, and PLO/8 (and even NL O/8 —
odd game), and a little bit of tournament NL HE (the last of which
with amazing and statically surprising results). I strangely find
that NL HE tournament poker is actually different enough that it
doesn't give me entirely the same feeling as cash games do, although
there is a bit of a twinge. I've never much liked tournament poker,
other than the nice return on investment it can bring, but perhaps
that, or some other game, should be a place to focus. Another
option is bouncing around a lot in different games, but that is what
I had been doing for the last two weeks and it doesn't seem to be
helping. Anyone who has suggestions on where some juicy games are
of the non-NL HE variety (either online or NYC), I'd be very
grateful to hear about them. There is a $15/$30 limit O/8 game in
NYC that I've heard about, and I'm thinking of giving a whirl, but I
probably need some additional O/8 practice for lower stakes before I
do.
- Find mixed games. For those who are interested, C.H.'s game is
getting going again soon, which is a $4/$8 limit mixed home game.
I'm going to go there if he gets enough players. (If you are in NYC
and want to play, feel free to email me for an introduction.) I've
also been giving serious consideration to running a mixed home game
at my place, but I am a bit concerned that it'll be difficult to
find a pool of players who want to play mixed games at stakes I'd
want to run. I'll probably post a poll about it later this
week.
I am curious to hear from others about any “ruts of
disinterest” you've had in your best game. This is my first
experience of this. At the time when limit HE was my preferred game,
I ended up switching to NL HE because of frustration at the high
variance in limit HE, not temporary disinterest. Have you ever been
playing a game profitably, successfully, and enjoyably and then gotten
bored with it for a while? If so, what game was it and how did you
get over your boredom? (This could also go beyond poker to things
like bridge, scrabble, and chess, I would think.) |
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Cap Games Online
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Friday 8 September 2006 @ 14:56
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 Having been at a home game recently where we tried to play NL and PL
games with a cap and it just confused everyone, I was somewhat glad to
see that Full
Tilt Poker is
now offering capped NL and PL games. Perhaps it will increase the
general knowledge and understanding in the poker world about what a
cap is.
I haven't totally thought through the implications of this, but I
wonder if I could use this feature to play in somewhat higher games
than I normally do. It seems their $1/$2 NL HE games have a $60 cap,
which means I could feel quite comfortable as high as $3/$6 NL HE game
with a $180 cap. I also wonder what types of players these cap games
will attract. Will the real fish stay at the regular games, or will
they like the idea of a cap which will allow them to overplay things
like top pair and overpairs? I am really curious to find out; I guess
I'll have to get bought back into Full
Tilt and see what the deal is.
Finally, I am pretty sure that cap games are really important for the
future of poker. Limit poker was invented, in part, because people
went broke too fast playing real table-stakes NL and PL poker games.
The money and interest in NL HE, for example, dried up completely in
the late 1980s and by the mid-1990s, limit poker was all everyone
played.
I'd hate to see this happen again as people start to go seriously broke
playing NL HE. Cap games may be the way to compromise between the two
so we aren't all left with limit poker as the only option for juice
games in a few years. History does, sometimes, repeat itself. |
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Fool Me Once, Shame On … Shame On — What I'm Saying Is I Won't Get Fooled Again
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Sunday 27 August 2006 @ 16:06
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 I have talked a lot about the NL game at Foxwoods. I have gone back
and forth about whether or not their NL games are run well enough to
be worth playing. I once claimed that I would never play in the
$1/$2 NL game again. Although I can't seem to find the post in my
archives (perhaps it was said in a comment), I have also seen bizarre
rebuy rules enforced at the $2/$5 game, where a floor person told me I
could not top off to a $500 (maximum buy-in) stack until I was below
the $200 minimum. I've since gotten around the rule by being a bit
more sly about it, but as far as I know, it's still in place.
I went yesterday with two NYC Players (Dawn of I Had Outs)
and Alceste) to
Foxwoods. I warned them about everything I knew and felt about the
NL HE games at Foxwoods, but they wanted to see the place for
themselves, and I looked forward to showing what was once my home
poker room to some fellow NY players.
I mostly played limit for the day, but I spent a good amount of time
taking breaks and looking at what was going on at the NL HE tables. I
kept a close eye on the $2/$5 tables and didn't really see any
particular reason that I should be jumping to them. Sure, the games
seemed generally beatable, but I didn't see anything to indicate that
a good score could be made. Most of the players seemed somewhat
tight, so I could imagine a strategy of trying to run over the table
would be profitable, but not greatly so.
Based on my limited observations, what I believe has happened in
the $2/$5 NL game is that it has become much like the $10/$20 limit
games at Foxwoods. All the Foxwoods limit regulars have known for
years that the $10/$20 limit HE game is the toughest game at Foxwoods.
Sure, it's beatable, but it's where you run into the best players.
This is because there is little reason for the small stakes gambler to
jump up from the $5/$10, because with the kill it plays almost as
$10/$20 in an action game. Meanwhile, the bigger gamblers go for
$20/$40, because it has the draw of being the biggest regularly
running limit HE game. Everyone I know who plays serious limit HE
(such as roryk, reddogace, and good old
F.D. who started at the $2/$4 tables with me, play almost exclusively
that game when at Foxwoods).
What I see at $2/$5 is the people who have learned some things about NL
HE but haven't built their bankroll up for the $5/$10 or $10/$20 game.
I'm about in that category, so I'm likely to find settling in at $2/$5
players about at my skill level. So, with a huge time charge, I'm
going to rate to lose in that game because I'm sitting with relatively
evenly matched players; the low stakes gamblers will prefer to make
ten rebuys and goof off at $1/$2 and the serious ones are going to try
the $5/$10 or $10/20 blind game.
I was actually one of the first six people who were dealt the first
hand ever of the $1/$2 NL game at Foxwoods, which was on Saturday 1
May 2004, as I sat in the game the first time they called (with the
goal of learning more NL). Foxwoods realized the popularity of this
game quickly and it grew. Their goal, however, has always been not to
design a game that the regulars would like, but rather build one that
would draw the maximum number of people from other parts of the
casino. In other words, their goal (not surprisingly) is to maximize
the number of people in the casino they could get to pay exorbitant
time charges.
Now, I realized and posted a long time ago that the math of the NL game
doesn't work out well. An entire buy-in leaves the table every hour, so
you have to move chips early to build a stack that can be used to get
people's chips before they are lost to the house. One of the tools you
can use is the $40/$100 rebuy trick, whereby you pay a blind from a
minimum $40 buy-in, and then rebuy to make your stack $138. This helps a
little, as long as you can double up quickly.
The other system I use in this (and all capped buy-in games) is to
always pay the time charge and dealer gratuities out of my pocket.
This is very important, because if you waste your stack of a limited
buy-in with time charges, that $10 in the first hour you pay is
actually $20 of from your stack, because you can't use it for a double
up. Over a few hours, you've paid $30 or $40 in time charges, and
imagine how much double-up and redouble-up money you've lost! Thus, I
have tipped and payed time out of chips in my pocket for years at the
Foxwoods NL HE games. At times, some people at the table asked if
this was allowed, and the floor people always said it was no
problem.
However, sometime in the last six months, they have made yet another
bad rule change. In addition to not being able to rebuy in an NL game
until you are below the minimum buy-in, players at Foxwoods NL HE
games can no longer pay time out of their pocket. I spoke with a
floor person at length about this, and he was completely unable to
come up with a good argument. At first he said they didn't want the
confusion of people taking chips in and out of pockets, making it more
difficult to watch if money was taken south. But, I asked him, are
you still allowed to tip dealers from your pocket? , and he said
yes . I therefore maintained that his argument was flawed,
because if one can take a chip from the pocket to the table in that
case, how is taking time the same way any different?
His next piece of sophistry was even more bizarre. He claimed that
since some players might not have adequate bankroll to take time from
their pocket (i.e., their case money is on the table), that players
taking time payments from their pockets was a violation of table
stakes rules, because the player that pays time from his pocket is
gaining the advantage of keeping that amount of money in his stack.
Of course, this is patently silly. The idea that one can take
incidental expenses from the pocket or from the stack has been a
long-standing rule in poker, and the time charge should be treated no
different than any other incidental expense. In addition, how is this
any different from my ability to buy into a game for the maximum while
someone else can buy in only for the minimum? That gives me an
advantage, of course, but that's just poker.
Both his arguments twist a long-standing permission for
players and turn it strangely into a requirement. It's
always been the case that if some players choose to pay their
incidental expenses (time charges and gratuities) from their stack,
that's a prerogative that they are granted by the “incidental
expenses during a poker game may leave the table” rule. Making
that prerogative into mandate is completely silly.
Foxwoods could make a consistent argument here, saying that the
confusion of people going into pockets for chips is too likely to
allow people to hide that they've “gone south” (a poker
slang term for taking money that is in play in a game from the table).
If they wished to make this argument, they would have to mandate that
a player may not be possession of any Foxwoods chips except those that
are on the table, and that they may not pull gratuities from their
pocket under any circumstances. Even more, they could remove the
(already annoying) “cash plays as chips” rule of Foxwoods,
and they could even say that you can tip in cash but not chips.
But, the truth is that Foxwoods has no interest in making the rules
consistent. Indeed, they have no interest in making rules that help
regular players. They have no interest in making it so someone can
take full advantage in a NL HE game. The truth is, they are a limit
club, and they know their regulars are only going to play limit
anyway. If they keep the limit players happy, they will have their
regular daily client base. Meanwhile, they know that the tourists
will want to find NL HE games that don't scare them. At each stakes
level, they don't want the tourist intimidated by the big stack. They
tolerate the players who stay and build a stack, but that's not really
the clientele they want or care about. They want the games to play
small to keep people buying in one-buy-in-at-a-time and
losing it, all the while throwing their time right from that stack
into Foxwoods coffers. They want them lose a moderate amount on the
trip, and come back six months later and do it again.
In other words, they don't care about the poker community, or running
games that serve that community. What they care about is their own
internal competition with the blackjack pits, the craps pits, and the
roulette wheels. It's well-known that the Foxwoods poker room has
long been treated with contempt by dealers and floor people from other
parts of the casino. They don't make as much money, and because of
the requirement that all dealers throughout the casino pool all tips,
everyone feels that the poker room free-rides on the huge tips
received at the high-limit gambling games elsewhere in the
facility.
Foxwoods is just a poorly run poker room. They are the poker monopoly
of New England, and therefore have no reason to change their terrible
policies. I still enjoy the place, because it has special meaning to me.
My weekly bus trips there taught me how to win at poker beyond pennies on
a dining room table. But, tradition can only hold one for so long when a
place is run so poorly.
It's not to say that the games aren't beatable. It's not to say they
aren't relaxing. I enjoy going there for the limit games from time to
time, because the resort as a whole is nice and when going with a
group who aren't poker players, there are opportunities for everyone
to do something they enjoy. But, I think my Foxwoods days are done
beyond that. I'm going to write a letter to the poker room manager
and explain my reasoning, and perhaps there might be some hope of
getting a reasonable response.
Anyway, thanks, Foxwoods, for helping me build my bankroll so I'm well
beyond the $2/$4 limit games where I started, but I think you don't
have much to offer a poker player anymore. Especially if your goal is
to make up silly rules that help you only in the short run. I gave
you more chances to improve than I really should have. Shame on me
for actually thinking you were trying to make the place better. |
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Showered and Stacked on Monday Night (Vegas Retrospect, Part 2)
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Monday 21 August 2006 @ 10:11
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 [ I'm continuing to post about my Vegas trip. Much of this may be
boring to those who have been to the WSoP and/or Vegas before, but it
was all new to me, and it will certainly be of interest to those who've
never been, and perhaps some interest to those who have. ]
W.D. and I were now headed on that Monday night back to the Wynn. The
walk back wasn't too hard, but “off-strip” really does
mean “far away”. The Rio to the Wynn walk in the Vegas
fall or winter might be a brisk, nice walk. But, this time of year,
it seemed to tax the body. Once we made it to the Wynn, I couldn't
help but pop back up to the room for a shower.
This actually became a habit of mine; I was taking showers basically
every time we returned to the Wynn after being outside; one of the
days I took three (including my usual morning one). I suppose it's
somewhat decadent to respond to this scorching anti-environmentalist
monstrosity that is Vegas by wasting the precious desert water supply,
but I couldn't help myself. I suppose my version of what happens
in Vegas stays in Vegas is I took a lot of showers, abusing a
limited water supply . I'm such a liberal goodie-two-shoes —
ooh, I didn't recycle one time, aren't I evil? :)
Before my shower, I called down to add myself to the $1/$3 and $2/$5 NL
HE lists, and was literally able to watch the names move during my
shower via the LCD screen in the bathroom. As I got dressed, I was
three from the top on $2/$5, and headed down.
This game was tight. People were making preflop plays; continuation
bets were winning three-way pots uncontested. I started to feel like
“wow, Vegas games are tough”. When my name rolled to the
top of the $1/$3 list, I was ready to switch.
I joined a friendly table of about three confused tourists, one
semi-pro from Reno, two annoying locals, and the rest WSoP
fans/satellite winners. I was slightly nervous — not that the
stakes were that high — but I was still not fully comfortable
with the idea that I was in the center of the poker mecca at the most
popular room. Even though there were some real ($10/$20, and
$20/$40 blind) games at the adjacent tables, I felt like my small
stakes game was a big challenge.
I quickly realized that the locals were highly experienced players who
sat in these smaller games for the easy money. The Wynn is somewhat
unique in that their NL games have no cap buy-in at any stakes. The
game plays very big, and one of the locals had a wad of $5,000
sitting on the table ready to throw if he got a tourist in a bad
spot.
His buddy, a dour-faced portly Lebanese man, who went only by the
moniker, “the Doctor”, couldn't have been more
unlike the people I call “doctor” (such as Tom
Baker or Christopher Eccleston). He was sarcastic, rude, mean, nasty,
and demeaning to the other players. He didn't care if he scared fish
away; he knew more were on the list and was there for the duration.
Even worse, his buddy with the wad thought the Doctor was the funniest
guy on the planet, and, as W.D. eloquently put it, laughed like a
hyena at the Doctor's lame jokes . These two, and the Doctor in
particular, would figure prominently into our Vegas sessions; he was
part of the Wynn's furniture.
I played reasonably tight for a while, and decided to take a flop with
one of my favorite NL HE hands, 5 3 . I was in the big blind with
four other people seeing a $9 preflop raise from the UTG+1 tourist to
my left.
I checked the flop of 3 7 K , and we saw the turn of 5 at no charge.
The Reno semi-pro seated two to my right was on the button, and had
usually bet at pots that were checked to him twice, so I went for a
check-raise. Reno didn't disappoint and bet $18, and I made it $45 to
go. The action seemed to fly around to him and he folded quickly. I
flashed my hand toward him, in hopes to show how loose I was playing.
As I moved to land it down face up on the felt (I always show one,
show all without being asked), I realized that someone had called the
$45 cold in between. He was one of the tourists, who, fumbling with
the chips, hadn't put his chips fully forward and his call was
slightly obscured. This was no excuse; I've never done this before,
but perhaps the excitement of playing in Vegas had gotten the better of
me and kept me off my usual observance.
I didn't want my hand to be necessarily dead; I asked the dealer if my
exposed hand was dead as I landed it back face-down in front of me.
(The whole movement ended up being one basic motion: lift, flash to
right, see caller to left, land cards face down.) I didn't know at
this point who all had seen it; I was sure the full right side (1,2,3,4 seats) had seen, but I simply didn't know if the caller had!
The dealer told me my hand was absolutely live, and I said: well,
half the table's seen my hand, so I'll check it dark. The river
fell 5 , and most of the people to my
right gasped and started laughing a bit.
Strangely, my clandestinely calling tourist bet $150 into the pot! I
had no clue what was happening! Had he seen my hand? Did he and the
people around him think I'd shown Reno a bluff, and therefore my blind
check induced this bet? And, why the size of the pot? If he'd seen
my hand, and was making a value bet, wouldn't it be less? I guessed
maybe not, since he would know I was full and would likely pay off a
large value bet. I asked him if he'd seen my hand, and he
shrugged.
I was actually starting to put the pieces together. Just barely, I was
starting to realize that he must have me beat. But, instead, I just
acted too fast. Before I was even done going through the facts, I
heard myself saying all in and my whole stack was moving
forward! Wait a second, I haven't thought this through, what am I
doing? ; the thought flashed across my brain as I heard:
call and saw, through my now confusion-fogged vision the K 5 , and I heard, Yeah, I'd
seen your hand and knew you couldn't get away from it. . What had
I done?
So, this marks the largest technical mistake I've ever made,
compounded by the pure silliness of a bad move. Fortunately, he
didn't have many chips left behind, and I was left with about $240 of
my original $600 buy-in.
It was clear I made an insane mistake (one can argue that I have to
call his river bet, just in case he hadn't actually seen my holding,
but going all-in is a luxury that I couldn't afford at that point).
The funniest thing was that, had I not exposed my hand, I would have
had to put him on a naked 5 like A5s on the river and would have been
forced to call. In other words, my exposed hand actually made it
possible to avoid being fully stacked, and I missed the opportunity.
I quickly decided what I had to do. The truth was that I couldn't have
gotten away from the situation had I not exposed my hand. Sure, I'd
made a huge error, having actually given myself an advantage exposing
my hand. But, I decided to put the technical mistake in the back of
my mind for later analysis (which is below), and consider the fact
that I'd have paid off anyway. It was not easily discernible that
he'd failed to bet out and reraise with a better two-pair on
the turn, and I'd never have made that huge laydown on the river.
So, why dwell on it? It was a beat that I only had the possibility of
avoiding because of the exposed hand mistake anyway (or by being a
much better card-reader than I am), so I let it be and restored my
stack with a $400 rebuy. I pretended like it hadn't happened and
started playing again. In my next Vegas Retrospective post, I'll talk
about how I evened up just one orbit later holding — you
probably almost guessed it — a 5 2 .
I've now had enough time to think about the technical mistake I mentioned above.
My feeling is that there were two factors at play that caused my
problem. First, there was the obvious excitement I had of playing
in Vegas for the first time. My head was not completely clear; it
was muddled a bit with the exuberance of playing there for the
first time. I should be more careful in the future when I am a
little too excited to be playing poker and calm myself down.
Second, looking back over my whole live poker career, I very
rarely sit in the four and five seats; I basically only sit
there when it's the only open seat or I am trying to get relative
position on someone. I do, upon review, have the hardest time
seeing the action from those seats. So, in the future, I need to
be extra careful when in those seats that I understand the action
that has happened. |
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Remember: A River Check-Raise from a Tight Player Is Never a Bluff
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Wednesday 12 July 2006 @ 15:24
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 I mentioned a few months ago that I suffered some a lot of losses
one weekend in March. This is another post about some bad play
I made in one of those hands. This hand took place at 02:00 on
Sunday 12 March 2006.
I was hanging out with W.D. on Full
Tilt, playing nine-handed NL HE as that's what he prefered at the time.
I don't usually play nine-handed online; I am primarily a six-handed player.
But, regardless of how many hands were dealt, I played this hand
terribly.
The game was $1/$2 blind, $200 maximum buy-in NL HE. I was on the
button with $152. (I was stupidly playing short stacked because I
didn't have more money on the site at the moment.) Ahead of me in
middle position, a somewhat agressive player with $252 limped. A
passive player (with $150) limped. W.D. (with $325) limped behind
them. I had K T and decided to limp as well. The
small blind, a very tight player called Silly Sally (with $143)
completed. The big blind checked. We saw a flop of 6 A 5 with $11 in the pot (post-rake).
The flop checked around. I can't fault my play here. I had nothing,
but in a field like that, I am likely to be called by hands like
78.
The turn was the A . Silly Sally in the SB checked again,
and our aggressive player bets $2. I read this as a typical online
probe bet. Many aggressive online players bluff the minimum. They seem
to hope multi-tablers won't see that the bet is that small and fold
things like middle pair.
Behind him, the passive player called (likely with a 6 or some draw),
and W.D. called. With $16 in the pot, I am probably up against a six
and some draws. I have the nut flush draw, and decide that a
semi-bluff is warranted, and make it $15 to go.
Months later, I still don't think the semi-bluff is wrong there. I
have major weakness in front of me, and even if the draws call, they
may be flush draws, against which I have the best hand and huge
implied odds. A six would be hard pressed to call.
Silly Sally, in the SB, is my only caller. If I'd been playing my best
game, this should have easily shut me down no matter what came on
the river. Sally, a conservative player, has checked twice, and now
called a large bet. She has played the hand cagily, but the most
obvious hand she could have is 66. Conservative players usually go
for a check-raise with a set (a bad play, in my opinion), and when she
filled up, there is even more reason to slow play because it is
unlikely someone has an Ace.
I hit my “worst“ card, a 9 . Making the flush here is awful, but Sally even gave me an
out; she checked it to me. I “value-bet” $25, and she
immediately check-raised all-in for $100 more. I thought for my full
time allotment, but it did me no good. I ignored the point that a conservative
player would not call me on the turn with merely a flush draw on a paired board
(she wouldn't), and decided she had made a weaker flush and
called.
She didn't have the hand she represented throughout the hand — 66
— but rather A 5 . Her play seems wrong to me on the flop (check-raising two
pair in that spot is something I'd only do if a truly hyper-aggressive
player is in the pot), but there is no question that my play was just
abysmal. I should have had my wits about me and just checked the
river. It would have been annoying to see a smaller made flush in her
hand, but I really have to give her credit for a monster on the turn.
I hadn't once seen her call with a draw without odds, especially out
of position, so there is no way she calls on the turn without at least
trip aces. Even if I give her a naked Ace on the turn, I have to give
her credit for A9 on the river and fold.
Well, Sally, you earned that $100 bucks with your patient play. Please
enjoy a fine meal on me and my donkey play. |
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Is Checking It Down Really Correct?
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Tuesday 27 June 2006 @ 17:45
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 In a low-limit satellite tournament, I recently had a player berate me
for betting into a dry-ish side pot. I had raised from the button
when the action folded to me and the big blind was all-in for 350
chips, less than the value of the blind (400). The antes had started,
so there were 775 chips out there. The small blind was tight and even
in chips with me (about 9,000). He was pretty tight and I felt he'd
fold most of the time, assuming I had a hand to show down with the
all-in player.
I held 23s, which (I believe) is only around 30% to win against two
random cards, so the odds were about 15% against me, even if my instincts
were right and the SB folded. But,
I was also hoping to use the play to set something up later, as the blinds
would be going up soon. Against loose players, I noticed tighter players
were calling a lot of all-in bets with bad hands in this tournament, and
they seemed to only need a small reason to call big preflop raises for all
their chips. I was hoping to give them a reason in my case — by
risking less than a BB, with some small equity to win a pot full of blinds
and antes, and be “forced” to show that I'd raised with a
terrible hand. I hoped it would induce action later, and the blinds were
going up fast so getting called by dominated aces to double up in the next
round would be a big help.
I was not too happy when the SB called the 775 bet, making the main pot
1,475 and the side pot 850. The flop was QJ2 with a two-flush and the
SB checked. I really felt I had the best hand at this point. Given
what I'd seen of this player, he would have bet out with either a Q or
J; he had not check-raised once since we'd started the tournament. I
decided to make a feeler bet of 500. If he called, I was wrong on my
read and he had likely a J. I would then have five outs on the turn
to win, and I might get a free river card, too. Betting 500 to win
2,325 therefore seemed right to me here.
My 2 was good, he folded, and it beat the all-in player. His anger was
focused in the argument was that it helped me more to check it down
than it did to bet, because it was the best shot to “eliminate a
player”. I thought a lot about this argument and I don't buy
it. We were still seven seats from the money, and one more player
with an emergency stack wasn't going to change much. I theorize that
the player was more angry that he would have hit a pair on the turn or
river (although he never said specifically what he had).
I know my preflop raise was very questionable, and that its primary
value was to have the better players at the table see me as a
“loose raiser” and get action as a favorite (with weak
King-highs, for example) when I would inevitably move all-in within
the next 20 minutes. But, was it so questionable that I should have
just folded and let the SB call and show down with the all-in player?
And, was my bet on the flop a suicide bet? Is he right, is checking
down right? (If he was right, it was for the wrong reason, of
course.)
I've read a lot lately that seems to indicate that game theoretically,
bluffing into a dry(-ish) side pot can often be a correct play. Am I
taking that too far, though?
As it turned out the ploy seems to have worked. I got called all-in
preflop holding QQ about 20 minutes later by a very tight player (who
had earlier joined the discussion of my “bad play”).
However, he knocked me out when he flopped an ace.
But, being careful not to assume I'd done the right thing, I should ask
the question if I did. What do you think? |
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Wil Wheaton Outlasted Me
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Sunday 18 June 2006 @ 19:00
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 I finished 300-something in the blogger
freeroll. I wasn't paying as much attention to the thing as I should
have been early on, as the final table of the WSoP $1,500
satellite overlapped for about 40 minutes or so.
It was fun chatting with the bloggers. It seems generally, poker
bloggers are nicer people than your run-of-the-mill online poker
player.
I played ok, flopped one set and bet out (my preferred set-playing
method), but got no action as no one had top pair. I held onto a short
stack as the blinds got up. I bet all my money in on the upside of a
60/40 (A7o vs KTo).
Fine with me, although it would have been cool to get a
second $1,500 entry for the week before, and play two of
them. (Prizes 3-9 or somesuch were $1,500 entries in the blogger
tourney.)
I know a ton of people have won main event seats out there, and are
probably reading “so what” to all my excitement about this
$1,500 secondary event seat. But, for me, it means more because making
the money seems actually attainable in a secondary event. Also, I
probably would never have gotten around to visiting Las Vegas if I didn't
have something like this to compel me to get out there.
Strangely, I'm used to coming out of a weekend up a couple of hundred
in cash games, but I've been doing all this tourney stuff and I am
actually down a bit in cash games for the weekend. But, I see why people
love tourneys. It's so different than the cash game grind and a win like
this feels so much more exciting than even a big cash score. |
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World Series of Poker Bound!
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Sunday 18 June 2006 @ 17:40
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 To be clear: I do not have a seat in the “main
event”, the $10,000 buy-in NL HE tournament that most people think
of when they first hear about the World Series of Poker. The
WSoP
is actually a month-long series of
different tournaments, each with different buy-ins and prize pools. I
am excited to announce that on Full
Tilt Poker, I won a $4+.40 satellite, which got me into a $24+2
satellite. I won that (first place), which gives me a $2,000 prize package
to go to Las Vegas for any of the $1,500 buy-in events (the extra
$500 is for expenses).
I have no details as of yet, because I'm actually still playing right
now in two different main event satellite freerolls. I'll post more later
when I have more information. The news as of now: I'm making my first
trip to Las Vegas as a WSoP tournament entrant! |
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Bob Answers Regarding That Situation
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Sunday 2 April 2006 @ 19:57
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Below is my exchange with Bob Ciaffone about the A Q monster draw hand from a few weeks back. Most of the
commentors suggested I should have played differently. Bob's first
comment was:
I often fold A-Q offsuit to a single raise, but seldom fold A-Q suited,
especially having position. I call if I do not know the player, or if he
is not a rock.
On the flop, when he bets, I like your raise. He could have zero (but
the best hand with AK). I do not let an opponent with such a hand charge
me to draw when I have a hand that I am willing to back with all my
money. Plus I do not know what an overcard will do for me, or which one to
hit.
You ran into a good hand, yet were still about even money to win. Just
have a little more karma next time...
I replied:
As for folding preflop, you mention you would fold AQs if he was a
rock. His starting hand selections may have been close to
“rockish” (he would have only AJ-AK or a middle pair or
better), but he would make some big mistakes on the flop with one pair.
Does that justify?
I think you are saying you approve backing the hand with my whole
stack, but even if I am pretty sure I have no fold equity against an
overpair (as I was in this case)?
I am confused by your distinction between someone “charging to
draw”, and “backing the hand with all the money”. Would
this summarize your position: “His hand might just be a little
better or worse than mine given my monster draw, and I don't want to see a
turn with money left.”?
Some of my friends who are pretty good players argued that I should
take a turn cheaply and see if I hit. I disagreed, because I think I'm a
favorite enough of a time that I want to get it all in, since I know he'll
put it in with any overpair.
Are there times when I want to play that hand a little bit more
conservatively? I didn't think there were, but some argued I should so I
wanted to ask you — would you ever play more conservatively there
given the situation and my read that he'd overplay any overpair?
Bob responded to that with:
A-J is not “rockish” so you can call with A-Q suited. I do
approve of your backing your hand with your whole stack. The problem with
calling is you may have to face a big bet with only one card to come,
where you are not so eager to play. Plus he will pull up if the flush
comes. Plus you do not know if an ace wins or if a queen wins (you know
one of them is a winner, if not against aces, but which one?).
The clearest way to state my position is he may make money off me on a
hand that cannot call a raise if I do not put down some heat.
I do not play this type of hand conservatively when heads-up against a
preflop raiser.
So, I appreciate all of your opinions and thoughts. I've decided to
declare that I played this hand correctly. I don't think that
I love this situation anymore — I know that I love this
situation. |
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Even the Losers Get Lucky Sometimes
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Tuesday 21 March 2006 @ 23:26
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 I was somewhat surprised that I hadn't read or seen this rather obvious pop culture connection to poker. However,
as I sat at the U Club, with music fed from some staffers iPod, I heard this refrain from Tom Petty:
Baby, even the losers
Get lucky sometimes
Even the losers
Keep a little bit of pride
They get lucky sometimes
Of course, this refrain couldn't be more appropriate for poker. It also got me thinking that
I don't face the constant luck attack now that I usually play NL. There are some major draw outs on occasion,
but solid play can really rake it against loose players if you know what to bet. But, even the losers get lucky
sometimes, no matter what form of poker.
I lost $140, but no real harm. I don't think I misplayed any pots — will post the only (vaguely) interesting hand later |
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A Terrible Bluff With a Marginal Hand
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Monday 20 March 2006 @ 23:11
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 When I
originally posted about last weekend's losses, I mentioned there
were a number of hands where I clearly played badly (unlike this
hand, where there is actual useful discussion to consider).
This post is about a hand that I just played horribly from the flop
and thereafter.
The hand started at 13:57 EST on Sunday 2006-03-12 on Ultimate
Bet at a six-handed $1/$2 NL table with a $200 maximum buy-in. A
player named stealerste with $100 called $2 UTG. I had $166 and
received K Q . I decided to make a small raise.
Small raises on Ultimate
Bet, because the players are often so tight-weak, generally
clear the field pretty easily. My goal was to end up heads-up with
stealerste. If he didn't limp-reraise, I thought, I probably would go
to the flop with the better hand.
A player called fuerte with $364 in the big blind called the $3 cold,
and stealerste called. We saw the flop three handed, with $16 in the
pot, and I was in position. I didn't really have a good idea of what
fuerte had, but felt I had stealerste beat.
The flop came 3 K A . They checked to me, and I made a feeler bet of almost
the pot size ($12). This is a pretty standard and profitable play
that I make as the preflop raiser with position when checked to on a
board with serious draw possibilities — tight-weak players
almost always bet out with top pair on boards with draw
possibilities.
fuerte check-raised for the minimum. I didn't like this situation, and
figured he had a reasonable ace. There is almost no point to call
here. At the time, I felt that I could call and represent a flush if
the draw came, but that was a stupid move against a weak player. I
called, making the pot $64.
The draw got there on the turn with the 4 . fuerte made a defensive bet of $15, and I made it $40 to
go, hoping to represent a flush. fuerte called rather quickly.
Now, what was the point here of making this raise? At the time, I
thought it was a reasonable bluff (and maybe a semi-bluff, since I now
had a second-nut flush draw of my own). But, making these sort of
turn bluffs against weak players is totally pointless. I was not
thinking straight, believing I could run over the table post flop in
the way that I do preflop in these games. Yet, the whole reason I
play these games is that the players are too tight-weak preflop and
can rarely fold top pair on the flop when it hits. Representing that
I hit a draw is pointless; I need the actual flush to get paid well,
and bluffing is just a waste. At the time, I thought I could make
some quick money bluffing, but that was just a mistake of trying to
recover legitimate losses earlier that weekend too quickly. It was
the very definition of tilt. No matter what lies we tell ourselves,
we are all prone to it sometimes.
fuerte quickly called, and I then put him on specifically the A . The way he called instantly really indicated that he was
drawing to beat the flush I was representing. Even weak players
think twice before calling so quickly with just top pair if they
aren't also drawing to beat the likely made hand.
The river came 9 and fuerte bet $40 into the $144
pot. I knew this was some sort of defensive bet with the A , but I had no clue what his kicker was. Looking back, I
should have cut my losses right here and let his defensive bet win.
But, it was too enticing — knowing that he almost surely
didn't hold a made flush — that I pushed for $97 total.
What a terrible play on my part! I'm offering about 1-to-1.75 when he
has already shown that he's somewhat skeptical that I made a flush. I
thought at that moment that he'd play like I would — another
common terrible mistake. In the moment, I believed I was making some
“amazing” read on his defensive bet that he would
fold.
The truth is, I couldn't eliminate a made flush on his part here,
anyway. This could be a bet specifically designed to entice me to do
what I'd just done — push and try to bluff him off the naked
A when he actually held the nuts. Indeed, the way the hand
played out, the street-by-street action could easily indicate
something like A 10 ! Instead, I put him on the one hand that I had a chance of
bluffing and threw my chips away.
fuerte called with A 4 . Of course, he should have thrown away two pair there and
certainly shouldn't have check-raised the flop (I deeply wish he'd
bet out, of course, because I would have folded), but my play is
substantially worse than his.
I have to remember I'm in these games because people do terrible stuff
like this and I have a real opportunity to make big scores (and do,
regularly, when playing my best game), when I don't get tilt-induced
fancy play syndrome and make very stupid plays.
Those of you who think you are immune to this, no matter what stakes
you play at, don't continue to fool yourselves. Despite adequate
bankroll, overconfidence and that desire to end the weekend “up”, mixed
with some reasonable but useless reads can get the best of the best of
us. |
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I Think That I Love This Situation
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Thursday 16 March 2006 @ 17:41
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 I had to stop thinking about poker for a bit after losing that
grand, and I will be posting more about total donkey plays I made
last weekend. But, I want to be clear about the hand that is the
subject of this post: I am pretty sure that I love this situation. I
made a brief off-handed reference to it in
my earlier post. The thrust of the argument against my play below
is that the preflop decision leaves me an underdog (i.e., playing AQs
against a likely big pair or AK), and therefore it's not worth taking
a flop. Furthermore, one could argue that the flop is at best a coin
flip, so why introduce so much variance for this? Before I get deep
into the analysis, let me first retell the whole situation, which
should be stated and considered first before extensive analysis can be
at all useful.
The hand begins on 21:09 on last Saturday when readysteady, a
tight-aggressive, overpair-overplayer player on Full
Tilt raised UTG to $9 in a six-handed NL HE game with $1/$2 blinds. I
was right next to him and decided to call with A Q . I could have easily been dominated by AA, QQ, or
AK, but felt that it would be reasonably easy to get away for a small
raise on the flop if it came A or Q high. Meanwhile, having seen him play
aces once before at this table, I felt he'd raised less preflop with AA
from early position (probably only $6), trying to induce action. He'd won
with those aces earlier, so it was unlikely he hadn't gained a temporary
“must over-protect aces” philosophy. He had raise to $6
before from early position with hands like AJ, so I suspected here that he
held a vulnerable big pair that didn't want to see a flop out-of-position
— probably TT or JJ. But, maybe he did hold QQ or KK; I couldn't
rule it out. AK was another possibility, of course.
There was still some chance he had AA, but I figured (at the time) that
most of the time, he held a hand like AK or TT-KK as opposed AA. In
fact, the real numbers were much better. He's a tight player who
almost always holds one of those hands when he makes that raise. With
an Ace in my hand, there are only three ways he can make AA, while he
has 33 ways to make one of those other hands, so he's about 1-to-11
underdog, statistically, to hold AA after his $9 raise. Why am I so
focused on AA in this post-hand analysis? I'll get to that
shortly.
To continue with the hand itself: I decided to call his $9, and that
I'd get away on the flop if I made merely one pair. I had $259 and he
had me covered. He had overplayed one pair a number of times at this
table; he fit the typical profile of someone who plays NL HE by being
very tight preflop and getting all the money in on nearly any flop
where he holds an overpair or top pair, strong kicker. I'd of course
rather have a set-building hand against him, but a nut-flush-building
hand wasn't too bad, and I'd have position for the rest of the hand,
as I expected the rest of the four people to fold unless they had
monster.
With $21 in the pot, we see the aforementioned
5 2 3 . (My original quick note about the hand had the suit of the
5 wrong, but it isn't relevant since it wasn't a diamond. :)
readysteady bet out $15.
I now had him read for an overpair, or maybe a feeler bet with
AK (pretty unlikely). Folding on this flop seemed like a bad move; I
have too many outs against so many of his possible holdings. I could
call and see if the turn hit me, or raise right away. It was highly
likely that he would reraise, and I decided that, before I raised, I
had to know what I'd do when he reraised. If he reraised, I had to be
committed to playing for all my chips. I had limited time to make this
decision, but I was sure in about 20 seconds of my one minute to act
that I had to be committed.
My biggest consideration was how I'd get paid off if my outs came. I
thought he might put one more pot-sized bet in if I hit the flush or
the straight, but he might slow down if an overcard came. If my
overcards are actually live outs, then I might make another
half-pot bet from him on the turn, and when I called it or raised,
he'd be done with the hand because he knows that I am not going any
further without a pair that beats his (i.e., his “get all money
in with overpair” rule no longer applies). Meanwhile, if one of
my overcards isn't good (specifically, if he holds KK), I'm a favorite
(see numbers below), but it's still tough to play a Q on the turn. I
was therefore ready to commit my stack.
I raised to $40, readysteady paused for about a quarter of the allotted
time (15 seconds) and reraised to $100. That pause made me even a bit
more sure that he didn't have AA. I felt he'd be faster to commit
chips with AA, because he doesn't have to pause to consider that I
might have an overpair to his. The pause, of course, could have
merely been his consideration of a set, but this was a player I'd seen
commit quickly to aces once at this table. I felt he would do so
again. I moved in, putting my whole remaining $250, and he thought
again (this time only about 2-3 seconds) and called. He showed K K and the board completed to 5 2 3 J K . His set won $521.
Now, in the moment, I didn't have time for heavy math analysis. But
even after the hand, I think that the questions are really these: (a)
should I fold AQs preflop to an early position raiser, and (b) should
I just see if my draw hits on the turn rather than getting all my
money in?
As to the first question, I don't think it is reasonable to fold the
hand, even against a tight online player. The typical profile of
tight players in the six-handed games on Full
Tilt — a profile which this fellow fit and had confirmed by
his actions — is that they overplay overpairs and/or strong top
pair for all their chips. My 9-to-253 implied odds are just too huge
to pass up in a six handed game. The other players behind me are
highly likely to fold. I'm going to see a flop heads up with
position.
Of course, I may be dominated. I need a lot of help on the flop (which
I got, IMO) to put any more chips in the pot. But when I do get that
help, I'm going to get his whole stack. I am focused on taking stacks
in NL HE; not making sure I make the absolute direct odds pre-flop EV
play. This is why I decided that for me in this hand “hitting
the flop” did not include merely top pair. I definitely needed
two pair or better.
Two pair would be tough to play, but this fellow was likely to
slow-play a set, so it'd go check-bet-call or check-bet-raise on an
AQx flop should he hold a set. Either way, I would have slowed down
and eventually folded two pair in that sort of situation. I might
lose a bit more on the turn, but I'm only going to bet a quarter of
the pot on the turn when he checks again, worrying specifically about
the check-raise by that set of aces of queens. Once he check raises,
I'm done — I've folded two pair many times in such a spot. So,
while there are some negative implied odds for two pair against a set,
I also get paid off pretty well from AK, with which he bets out rather
than check-raising in that spot. (I should note that despite lots of
advice out there about betting out with a set, few players do it; I
didn't think readysteady was likely to.)
If I flop Broadway, I'm getting all my money in on the flop while
winning. In that spot, he puts it all in with AK most of the time,
and a set all the time. If I flop a flush, I almost always win but I
admittedly don't make too much from him, unless he flops a set.
If I flop what I flopped, overcards, a flush draw, and a gutshot, I
have to tread lightly if the flop is ten high or bigger, but in this
case, with all babies, I'm in great shape.
Yes, he can wake up with AA in that spot, and I get my money in as a
36% underdog. But, going back to the hands he likely to have, given
his preflop action and flop lead, he's a 1-to-11 underdog (about 8%)
to have specifically AA. So, 8% of the time, I'm a 36% underdog.
Another 8% of the time (when he has QQ), I'm a 44% dog. Meanwhile
when he has KK (18% of the time), I'm a 51% favorite. Against the
rest of the likely pairs (TT, JJ), which he holds 36% of the time, I'm
about 58% favorite. I'm of course crushing AK (the extra 30%), but if
his flop lead was actually a feeler bet with AK, he folds any AK when
I raise.)
Anyway, I'll even set aside my read that he didn't hold AA. I'll just
do the pure EV calculation that his lead bet gives us no new
information (i.e., it may be an AK feeler), and that he gets all the
money in with any pair (i.e., we assume no fold equity). I do the
calculation by assuming I win right there when he holds AK, and that I
have to face the odds with all my chips when he has any other
holdings.
With these assumptions, my flop EV (when I raise on the flop, expecting
him to reraise and we get it all in) is as follows:
| Hand | Probability of Holding | EV formula | EV component |
| AA | 8% | 36% × $271 + 64% ×
$-250 | $-5 |
| KK | 18% | 51% × $271 + 49% × $-250 | $3 |
| QQ | 8% | 44% × $271 + 56% × $-250 | $-2 |
| TT, JJ | 36% | 58% × 271 + 42% × $-250 | $19 |
| AK holdings | 30% | $36 | $11 |
| TOTAL: | 100% | — | $26 |
(The EV “component” field is the “percent he has
it” column multiplied by the “EV formula” for that
situation.)
Now, I agree that introducing $250 of variance for $26 of EV is nowhere
near the best spot I can get find in these tight-weak games online.
But, it's still a good spot that I'd take every day for $250! I
believe in keeping a large bankroll (larger than most proposed
recommendations), in part so you can take these tight marginal
edges.
There are also meta-game considerations here to think about. I have
chosen to play short handed NL HE tables precisely because the players
there tend to be tight-weak preflop and play one pair too loosely
after the flop. I play best in NL HE against tight-weak players who
overplay one pair.
When playing against these players, I want to sometimes take these
tight-edge gambles. I want them to know they are going to get action
when they overplay one pair. More importantly, I want them to know
that sometimes they won't be a huge underdog against me when I give
them such action. (Indeed, I engaged readysteady in chat window
discussion about the odds precisely to make sure he realized that I'd
pushed an extremely tight edge.)
You see, I want readysteady (even his username exudes tight-weak play,
did you notice that?) to overplay that KK every time. I want him to
continue to believe that folding an overpair is impossible. I want
everyone at the table to feel the same way. I want readysteady to
call up his poker buddies, and tell him about the huge fish who pushed
in with AQs with “only” 15 outs. I want them all to
react this way, because, if I didn't have straight draw outs as well,
I wouldn't have played the hand the way I did. I would have called
with 2-to-1 direct odds on the flop, seen if I made the flush on the
turn, and folded for a pot-sized bet if I didn't. It would have been
a little mundane pot that wouldn't even have made it to my blog. But,
I had at least three extra outs, and went for it. Sure, the math
shows I'm risking $259 to chase $26 in EV. But, most of the time when
I get the money in with him, I have a set of fives, not the nut flush
draw with one (maybe two) overcards and a gutshot.
Some might argue this is a reckless way to play NL HE when I could sit
and wait for more of lock. I'm going to ask my coach to read this
one, but I'll probably need a lot convincing from him that I made the
wrong move. I watch these tight-weak players bleed away money playing
ultra tight and making themselves like textbooks. I want them to fear
me at the table; to worry that they can't fold because maybe I have
some big draw, not a set. I don't move in every time with AQs in that
spot with every player. It felt right in this situation, with that
board, against that player.
We can argue about “risk vs. volatility”. We can disagree
that introducing $259 of variance into one's bankroll for $26 of EV is
too much variance. (Although please consider that the limit HE player
frequently puts 30 BBs at risk to win at most 2 BBs for a given
evening — and that this situation is much better.) But, I think
that's the most important point of this hand: varying a little bit
from playing “by the book” (i.e., calling with AQs after a
preflop raise, moving in with a big draw that may be at best a coin
flip) builds a complicated table image that keeps your opponents
guessing and forces them to respond to you.
We'll see what Bob says when I ask him to read this — if I'm full
of crap, I'm happy to eat my words if he tells me to. :)
Update:Bob finally answered me on it. |
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