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Sun Nov 02, 2008 (Poker) Comments

Four days after I made my initial deposit I bought into an $8 tournament. Twenty tables, 180 players. I won it. I felt very confident the whole way through. I played mostly from the backside, and was fortunate to get good cards when I was in position. I made some really good folds- at least I think I did. And I bluffed occasionally when I sensed weakness, showing my hand in an effort to distort my table image. All in all, I played a solid game and got lucky when I needed to. Especially on the bubble.

From the notes I kept while playing the tournament:

I gave my opponent enough rope and he hung himself betting into my quads.

Show Hand



I fold two pair to a large bet with a straight board. I felt I made a good laydown here.

Show Hand



I sucked out a flush after calling two large bets from my opponent, who was holding trip Queens. This is the only hand of the tournament I felt I played poorly.

Show Hand



I bluff a trash hand and show it.

Show Hand



I fold a KQ suited on a four flush board. I just didn't have the odds to call and draw to a nut flush. I told my opponent in the chatbox, "that's cruel."

Show Hand



On the bubble, I shove all in pre-flop with A9 suited. I had my opponent covered and felt that A9 was good enough considering how quickly the blinds and antes would bleed off my stack. My opponent had me dominated but I caught a nine, then a flush. I made the money on this hand.

Show Hand



I push all in with Jacks. I hit a full house to win. This gave me some chips to work with. But I was still short-stacked.

Show Hand



I sandbag pocket Aces from middle position. I wait until the turn to show force, get raised all in, call and win. The only hand I thought my opponent could have that beat me was pocket Jacks. However, if he had Jacks I believe he would have checked the flop since I had shown aggression pre-flop and he could count on me to push the action. Then again this guy really had no clue. What's the point of his min-bets on the flop and turn? I had to chance it that he didn't have Jacks.

I was surprised when he flipped over Ace rag. What a fool. This hand put me in contention to win the tournament.

Show Hand



I push all in on the turn with AJ and a A7QK flush board. My opponent showed little strength pre-flop then came out firing on the flop. I was skeptical of his change of attitude and decided to put the screws to him by representing the flush.

Show Hand



I kept my composure after my opponent sucked out when I was better than 2-1 to win the hand and the tournament.

Show Hand



It felt so good to outlast 179 other players.

Show Hand



It took me four hours to win the tournament. I bought in for $8 + $0.80 and cashed out $388.80.


Wed Oct 15, 2008 (Poker, Film) Comments

Click for video from The Sting

This is quite possibly my all time favorite scene from my all time favorite movie. Paul Newman steals the show here in The Sting.


Sun Oct 12, 2008 (Poker) Comments

I enjoy the occassional game of poker with my buddies. One night a while ago I expressed my disgust after a particularly bad suck out had crippled my stack. One of the guys at the table said I sounded just like Phil Hellmuth.

"Who's Phil Hellmuth?" I asked.

This got a big laugh. I think it was especially funny to my buddies because I was one of the stronger players at the table. I had no idea people idolized poker players, at least not to the point of knowing their personalities. It struck me as strange because the game (no limit hold 'em) seemed very simple to me. If you understand pot odds versus hand odds, and you understand the perils of playing out of position, you'll do just fine. Throw in some knowledge of how to play short stacked in a tournament, plus some knowledge of how to exploit your table image in a cash game, and you'll be a winning player.

Worshiping poker celebrities seems awfully strange to me because they just don't appear to be that much better than the casual player. Certainly the gap between the talent of an amateur and a professional is much more narrow in poker than it is in chess say, or tennis or soccer. The elevation of the professional poker player to celebrity status seems calculated to promote casino and online tournaments and sell books and television advertising time. Nothing more.

Well, after watching the WSOP TV shows (which I have enjoyed more than I expected to) I've concluded that I am right. In the past couple of years I have played plenty of small stakes poker with my buddies (mostly $10 or $20 tournaments) and plenty of play money games on my xbox. I have a feel for the game. So I've decided to take a shot at online poker, and have signed up for a real money account at Full Tilt.

First, I intend to warm up at the play money tables. I realize the game found there is not representative of the way poker is played when real money is at stake. However, I'm doubtful that a $1 or $5 tournament buy-in will make much of a difference considering how many people are just "taking a shot at it," rather than playing diligently. At what stakes, I wonder, does the character of the game change perceptibly? With discipline and some luck, I may find out.

Where to begin? I think it is prudent to document my goals, and develop some guidelines that emphasize disciplined play.

Poker Bankroll Management

Objectives

  • Relax and have fun. Learn to avoid tilting.
  • Improve my Texas hold 'em game.
  • Learn how to play other games such as Omaha, stud, razz, and deuce-to-seven triple draw.
  • Track my bankroll and statistics using spreadsheets and Poker Tracker software.
  • Learn how to adjust strategy for limit and pot limit games.
  • Post notable hands on my website.
Table Selection
  • Prefer to play multi-table tournaments because the payoff for cashing is much better than single table tournaments.
  • Play single table tournaments if pressed for time. Though consider playing games other than hold 'em, so I may have an advantage over low stakes players who are more familiar with hold 'em.
  • Mitigate the threat from maniac low stakes players- and defuse tilt- by playing limit stakes rather than no limit.
Tournaments
  • Do not buy in for more than 4% of bankroll for single table tournaments.
  • Do not buy in for more than 2% of bankroll for multi-table tournaments.
  • Learn how to manage a chip stack in a large tournament.
Cash Games
  • Do not buy in for more than 4% of bankroll.
  • Do not bust more than twice in one sitting.
  • Buy into limit games at 50x big blind.
  • Buy into pot limit and no limit games at 100x big blind.


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