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Showing posts with label poker. Show all posts
Showing posts with label poker. Show all posts

December 04, 2008

Leveled

My favorite snippet from the 60 Minutes piece on cheating in online poker:

[The Mohawk nation] now register and service more than 60 percent of the world's Internet gaming activity from a highly protected and non-descript building that used to be a mattress factory. 60 Minutes drove by the former factory with The Washington Post's Gil Gaul.

"This is nondescript," Gaul remarks.

"This takes nondescript to an entirely different level," Kroft comments.

October 23, 2007

Breaking even

I was looking up the lyrics to Kenny Rogers "The Gambler" as I assumed it was not only the best song written about poker, but really the only half-way decent song written about poker.

Turns out it's terrible. Musically, there's nothing going on. That "know when to hold 'em" part that you can sing? Yeah, that's the tune for the entire song.

Also, it's a really depressing song about poker. The verse that follows the first chorus is:

Now ev'ry gambler knows that / the secret to survivin'
Is knowin' what to throw away / and knowing what to keep.
cause ev'ry hand's a winner / and ev'ry hands a loser,
And the best that you can hope for / is to die in your sleep.

Guess what happens to the Gambler after he drawls that at us? He dies in his sleep.

Good times.

October 11, 2007

Meet the pros

Maggie tipped me off to a This American Life episode that got re-run last month called Meet the Pros. The middle act chronicles Ira Glass's trip to the World Series of Poker in 2001.

As the episode originally aired in 2001, you get a view of poker that is only 6 years old but is from a completely different era. In 2001, amateur Chris Moneymaker hadn't yet won the WSOP which subsequently encouraged the masses to give poker a try (there were 10 times as many entrants in this year's WSOP as in 2001). And the World Poker Tour and its hole card cam hadn't yet debuted on TV.

This is a glimpse back at poker right on the cusp of its big break.

The story chronicles how Ira Glass gets swept up in the action and has to come to terms with his own poker jones. There's a wide-eyedness to his commentary that I find really endearing. In reviewing the rules of hold'em, Glass mentions that the five community cards are there "for everybody to share." The drawn-out way he says "share" makes it seem like he's talking about kindergarteners with a box of crayons.

Glass also has some great interviews with pros Jennifer Harman, Phil Gordon, Paul Phillips, Rafe Hurst and Mike Laing (this is around the time that Mike was flipping quarters for $25,000 with Andy Beal, as mentioned in The Professor, The Banker and the Suicide King.)

As this is before pro poker players became quasi-celebrities, you get a less mediated, less polished account of what it's like to be a pro (I also think Glass does a great job of drawing his subjects out). Jennifer Harman talks about how she couldn't sleep for days after she first lost $30,000 in a session. Mike Laing talks about how he hopes his son doesn't become a pro. And, Phil Gordon reveals that he lost his wife because he didn't want to give up his life of gambling adventure.

I'd resisted the pull of This American Life for many years ... really without a good reason for doing so. But I've come around because of stuff like this and the unparalleled Break-Up episode. (Starlee Kine, who is the star of the Break-Up show, has a supporting role in Glass's story about poker).

October 08, 2007

Run it twice

I've watched a lot of televised poker and most of it is not very good.

Almost every show either contrives or covers a tournament. The tournament format would seem to be a good choice because it has a built-in conclusion; a single winner. And the escalating blinds make for ever-increasing pot sizes.

But those million dollar pots are made up of tournament chips, not real dollars. So even though there's big prize money at stake, a player only loses his original buy-in if he busts out (and sometimes this is as small as a couple hundred bucks thanks to smaller, qualifying tournaments).

The Game Show Network's High Stakes Poker is now in its fourth season and takes a different approach. They televise a cash game; no-limit hold'em with $300/$600 blinds and $100 antes. The minimum buy-in for the game is $100,000 and the money is real.

Seeing players compete over six figure pots is part of the fun. Because it's a cash game, it also means that the producers can invite the best players. In tournaments, especially large ones, you usually end up with half a table of marginally skilled nobodies. GSN pays the best around to show up for their game. (The appearance fee of $1250/hour is a sweetener but not enough to significantly offset the large stakes).

Also, you get to see a lot of things that would never happen in a tournament. All-in bets are far less common in deep stack cash games. And when they happen, the players will often "run it twice" meaning that they'll deal out the remaining cards two times. The effect is to mitigate the variance on these big bet pots and it's interesting to see stuff like this get worked out.

You also get a sense of how addicted to action these pro players are. They will gamble on everything. They bet on what cards will come out on the flop, they bet on how much weight someone will gain in a lifetime. There was nearly a $500,000 bet about whether someone could work 40 hours a week in a furniture store for a year.

High Stakes also does a great job on the commentary. Most poker shows have amazingly bad voice-over filled with faux-folksy poker nonsense. But Gabe Kaplan is savvy enough to work out the players' thought process and is funny enough to beat-up goomba co-host AJ Benza.

There's really only two things bad about the show. The first is that you have to have GSN to watch it (I don't). You can download it off of Veoh (skip season 1, they didn't quite have it together yet) but it's not a great experience. If only they would sell the episodes online.

The other thing is the High Stakes Poker theme song. It may be the worst poker song ever written and this is not a particularly distinguished genre. A sample of the lyrics:

Man I'm gonna kick it / Pocket nines is the ticket
Ladies ain't ladies / unless they your ladies
Get your hand on a monster / if that's what it takes
And if you got what it takes / You can play High Stakes.
Despite that, I recommend it.

July 25, 2007

Legend

Last night I made the sweetest $15 I've ever earned.

I was sitting at the most competitive $1-$1-$2 table I've been at in Colma. Every hand was being raised and raised large. In the first orbit, I saw two pots that had topped $100 before the flop was dealt.

More impressive than the dollars being flung around were the players doing the slinging. This was a serious bunch of folks who seemed to be playing way below their level.

I was looking forward to seeing how I'd do against this tough group (mistake #1) but I was folding every hand. I picked up 7-2 four separate times during the first 30 hands. The other 26 hands were not much more remarkable. As a result, my table image was squeaky tight.

At the beginning of the 4th orbit, I'm in the small blind when an aggressive player with $600 in chips raises to $15 from middle position.

It's folded around to me and I look down to see J3. Now this hand is a stinker. In fact, according to one dataset the expected value of this hand is in the bottom 10% of all possible starting hands.

But here's the thing. The small blind is an excellent place from which to make a huge pre-flop bluff. Since you are first to act in all subsequent rounds, your terrible position lends credence to you having a real hand.

I read about this move in Sklansky & Miller's "No Limit Hold'Em: Theory & Practice." And the specific hand they mention as being a good hand for this maneuver is J-3. You make the big bluff with your worst hand so as not to "waste" a hand you actually stand a chance to improve with on the flop.

Of course, they also recommend doing it against an unraised pot with several limpers, not against one player who bet 7.5x the big blind (mistake #2). I kinda forgot that part.

But this is, in general, a good move for me to pull off once in awhile. I'm a tight player so a pre-flop bluff is highly unexpected. Also, my opponent was playing a lot of hands aggressively and I didn't give his $15 raise that much credit.

I announce raise and throw in two black chips for a total bet of $40 making it $25 more to the raiser. And he starts thinking. And thinking.

He asks me how much I have left and I tell him $120. Then, he starts counting out chips.

At this point, I'm hoping he's gonna put me all-in so at least I can fold. What the hell am I gonna do if he just calls and I've got to play an $80 pot with Jack-poopy-three.

It's also become evident that the guy has a real hand. A-Q or a high pocket pair. The only hands I can rule out are AK, KK or AA figuring that he certainly would have called with those.

Finally, after a lifetime, he says "Forget it" and folds his hand. Before he does, he flips his cards to show QQ. I was over an 8-to-1 dog against him.

The table is amazed that he'd fold his queens, the 3rd best possible starting hand. He figured there's no way I'd make that raise with anything but AA or KK.

And I'm dying to show my hand. If I'd known that I was gonna switch tables an hour later to find an easier game, I probably would have. But there's no value in giving away information like this.

But I stack my $15 profit and briefly consider myself a legend of small stakes poker.

July 11, 2007

Two Hands

I've never written much about my adventures at the poker table mostly because of the lack of adventure involved. But the other night I played two successive all-in hands against the same player that resulted in the biggest pot I'd ever won.

As the pot was pushed my way, I received congratulations from the other players at the table as well a guy on the rail. I thought "Word. I must be doing something right." It was only later that I realized the number of mistakes I made. I've reconstructed the hands here because thinking about them has helped me see the game a bit more clearly. This is unlikely to be interesting or even decipherable to most.

I sat down at table 34 at the Lucky Chances about 20 minutes before the hands detailed below. The game is $1-$1-$2 spread-limit Hold'Em where the spread means you can make any bet between $4 and $200. When I sat down I immediately noticed the thin Asian guy on the dealer's right. For one thing, he had more money than anyone else; close to $600 in a game where the max buy-in is $200. For another, he was on an amazing run of cards.

In my first 20 minutes at the table, I saw this guy (I'll call him Wispy for the thin mustache he sported) win a number of big hands. In fact, I quickly lost $60 of my initial $200 in a series of hands where he'd strongly re-raised me before the flop or put me in bad position with no hand after the cards came out. In each of these cases, the eventual showdown revealed that he had me well beat when I folded. Wispy wasn't bluffing; he was getting hit by the deck.

So, with $140 in front of me, I get dealt 10J on the button. It's called for $4 by Wispy and one other player before it gets to me and I just call as does the big blind. The flop is 10J7. It's checked to the player on my right who makes it $10. I don't like the hearts and would fastplay this two pair here regardless so I raise to $20 to go. The big blind folds, and Wispy calls the $20 as does the original raiser. There's $80 in the pot.

The turn is the K. It's checked to me and I make it $40. Wispy thinks for a second and calls and the player to my right folds. $160 in the pot. The River is the 10 making a board of 10J7K10 and me a full house. I've got $80 left in front of me and I push it in. Wispy thinks for a good while and mutters aloud during his deliberations. When he finally he calls, I show my boat and another player asks to see his cards. But while the dealer is pushing me the pot, Wispy slides them in the muck. He mutters that the 10 was very lucky for me; implying that he had AQ or Q9 for a straight before the river. I kinda think he's lying.

In any case, Wispy is a little steamed. In the next hand, I'm one off the button. It's called for $4 in a couple places, including Wispy, before it gets back to me. I've got KK and I make it $15 to go. It's folded back to Wispy who raises to $50. The action gets back to me without any callers.

A little bit of a think here. I'm not folding, but the limp-raise suggests either strength or craziness. I figure there's an 80% chance he has a big ace, a 15% chance he's got a lower pair and a 5% chance he's got AA. So should I get all the money in right now? Maybe I should, but I can't pull the trigger. This is probably my first mistake.

I call the $50 and the flop is 872. Wispy leads out with a quick $100 bet. And I now I really need to think. To begin with, I didn't even know how much money I had in front of me when the hand started; I was still stacking chips when the cards were dealt. Second, I just doubled up off of Wispy. Do I really want to play for all my chips here? If I call the $100 bet, there will be $300 in the pot. After I finish stacking my chips, I realize I'll be down to $170 and be almost certainly compelled to call on the turn if Wispy, who still has me covered, puts me all-in. Third, I figure there's a 15% chance that Wispy had pocket 8s, 9s or As and a decent chance he's got a suited Ace. If that suit is clubs, he's got nine outs to the nut flush.

But I figure I'm ahead. So I know I can't fold even though I'm really not happy about playing for all the money here. So should I re-raise all-in? I probably should. The money's going in anyway and there's a small chance an all-in induces a fold here. But I can't do it. This is my biggest mistake and the reason why I'm not yet a good poker player. I'm too risk averse to push all the money in even when I figure I have the best of it. I'm too busy thinking about what it will feel like to lose back all that money to Wispy. I'm thinking about going from being up $120 to down $200.

So I just call the $100. The dealer turns a 3. Wispy goes all-in as I figured and I've got another $170 in front of me. I don't think long before putting the money in and Wispy looks crushed when I announce "Call."

The river is a J. Wispy won't show his cards so I say "I called you, what do you have." He says "Ace high," but still doesn't show. I flip over my Kings and Wispy mucks his hand. The dealer pushes me a pot of $640 and I've netted $500 in just under 10 minutes.

I barely played the rest of that session and left with my win in tact. Wispy busted out a few hands later but I wasn't even there to see it; I'd gotten up to take a walk and figure out what happened. Thinking about it now I realize that I got lucky my mistakes didn't cost me. And that it will probably be a long time, if ever, before I have the temperament needed to be a good poker player.

February 11, 2007

The 170-day Weekend

Today marks the end of my long weekend. As I'd skipped the post-high school and post-college trips to wherever, this was the longest stretch of time I'd ever had off.

I explicitly decided not to set a lot of concrete goals for myself ... I wanted to be pretty goal-free for the first time. That being said, there were some things I wanted to get done. Herewith my Lack-of-Progess Report and observations of being a slack bastard:


  • Travel: I went to Las Vegas, Big Sur, Chicago, Paris, London, Southwest England, Normandy France, Kauai, Palm Springs, Aruba, and Las Vegas (again). I learned that it's better to spend more time in fewer places and that I don't really go in for the whole luxury resort scene (unless it's in Vegas). I also learned that I love San Francisco enough to settle here and that I want to visit more places soon.


  • Poker: I made the leap from limit to cash game no-limit. I'm happy to have ended up in the black, but also learned I'm not good enough to make any real money playing cards. I also learned that Colma can be a bit of downer place to trek out to by yourself. But fun with friends ... especially if you end up sucking out to win a $300 pot against them (as happened last night).


  • Games: By far my area of biggest accomplishment. I tore the heck out of the World of Warcraft expansion pack and was the 7th person in my guild to reach level 70. I also was the 2nd to buy the epic flying mount; in my view the best reward in the game. Burning Crusade is an amazingly well done expansion for WoW. With the number of new environments, encounters, character models and environmental details packed into the release, Blizzard completely delivered. In other gaming areas, I definitely under-performed especially with console gaming. But I hope to get a Wii soon.


  • Books: I read a bunch. Of particular note are Cormac McCarthy's The Road, Jonathan Lethem's Gun with Occassional Music and Ian Mcewan's Saturday. Nassim Taleb - while a bit of a douche - writes a great book and Fooled by Randomness confirmed a lot of suspicions I'd had about the markets.

I was exceedingly fortunate in that I was able to take this time off without having to worry about how I was going to support myself or a family or a mortgage. However, before I went to work for Blogger I was planning on doing the same thing. Unless you're already in the whole family/mortgage part of life, I found it's relatively easy to save enough money to buy yourself some time off if you make that a priority. Do it!

After a couple years of working it may occur to you "Wow. I'm never going to get another summer vacation. It's pretty much going to be work, work, work forever." Not true! I think this is a particular American deception but the truth is you can quit your job without starting another one a week later. This seemed impossible to me but it's true.

A caveat, however. When you have fewer responsibilities, those you do have take on a disproportionately larger weight. I found that no matter how little I actually had to worry about, I'd find some task or obligation that would become the "one big thing" nagging at me from void. Sometimes this one big thing would be laundry. The point is that you can always identify one obstacle in your life that, if removed, would make everything better (an annoying co-worker, a bad debt, a rash). Turns out this probably isn't true at all.

Taking time off isn't a path to enlightened bliss. But it is a great way to get a new perspective. For me, it meant learning that I want to live and work in San Fransisco for the next long while. And that I definitely will want to take time off again one day.

September 06, 2006

Roll and Rock

Things got pretty serious in Vegas last week. When you're playing low limit poker and drinking domestic bottled water, it's important to play the part of the high roller.

At this point, I feel I've gotten Vegas down to a science. Eat well, see a show, sleep late, go to the spa and spend the rest of the time playing poker. I highly recommend the Cirque du Soleil show at the MGM Grand. Kà is the best thing I've ever seen on stage, and I'd be suprised if there's a more impressive live show anywhere.

The centerpiece of the show is the so-called Sand Cliff Deck - a stage that rests on a gimbal that is itself mounted on a rotating, vertically-movable control arm. This article gives a great technical explanation of what's going on with the main Kà stage as well as a diagram showing the magic. The important thing to know is that at one point, the characters are walking across the sand filled stage and to conclude the beach scene, the stage starts tilting upward. In the end, the sand and one of the characters simply slides off into the abyss; the audience gasps and applauds. The stage later reappears as a vertical face on pegs extend and retract and acrobatic amazingness ensues.

And with all of this technical achievement, I think my favorite part may have been the short shadow puppet interlude. It's a stunner, that Kà.

Vegas done, I was camping in Big Sur over Labor Day Weekend with Lane, Sutter, Melzo and a host of fornicators. Big Sur is also a stunner.

Not to over-superlativate but Pfieffer Beach is probably the most beautiful California beach I've been to. It's strange in that I can't say exactly why it's such a knock-out. In terms of layout it's like a lot of beaches out here. But for some reason the light is a little more intense and everything seems more vibrant.

Over the course of the weekend we pretty much ate and lazed around like pigs. Taking a lesson from Ev and Sara, this was also my first camping trip with a Coleman stove. And when it wasn't spurting gas and catching my foot on fire it turned out to be a very convenient piece of gear.

September's turning out to be a busy travel month; it's on to Chicago this Sunday to visit Mary and Eugene. Last time I went, Eugene's manstick got broken (not by me) and there was some discomfort for everyone (but mostly Eugene). I've been assured that various upgrades have been made that should prevent a repeat incident. Here's hoping!

August 30, 2006

Rolling

Vegas is as beautiful as I remembered it in my fevered dreams. It's pretty dead here which isn't great for poker. But the lack of players is made up for by their wealth of inexperience. Honestly, I think games of strip poker played by high school students high on E have been played more competently than the $3/$6 at the Venetian.

June 12, 2006

Monsters

The NYT (magazine) has found more things online that are destroying our children. We already knew about the fatal charms of blogs and webcams, now it's online poker. I'm guessing I missed the cautionary tale about Warcraft.

Anyway, of all of these, online poker is the most legitimate one to cause concern. College kids do all manner of stupid things; losing all of their money online seems a reasonable addition to the repertoire. But I just can't get over the sensationalistic way in which the NYT tells these stories.

It's always the same; find the most extreme example of compulsive-destructive behavior for a given online activity and show how the factors at play in said example could easily lead to your own Little Johnny blowing the entire SigEp house in order to pay off his gambling debts.

The protagonist in this week's story is Greg Hogan Jr. who, after a 16 month losing streak at online poker, asks his friends to stop at a bank so he can cash a check on the way to the movies. He walks in, robs the place for a couple grand, and is arrested a couple hours after enjoying Tilda Swinton's turn as the White Witch in The Chronicles of Narnia.

It's a juicy tale as Mattathias Schwartz reveals when he writes in the piece "Hogan's lawyer has been fielding calls from bookers at 'Oprah,' 'Montel' and 'Good Morning America,' all drawn in by the irresistible 'good kid robs bank' story."

The fact that I foolishly keep thinking that the NYT is somehow better than Montel is the only reason these pieces continue to irk.