Monday, March 10, 2014

The Three-Bet

The term “three-bet” (and “four-bet” and so on) has become especially common in poker these days, although that development is relatively recent. In fact, I don’t really remember people using the phrase that much even five years ago.

Generally speaking, people say “three-bet” when referring to a reraise that happens before the flop in hold’em. (Occasionally you’ll hear some use the term when talking about post-flop action, though not that often.) In other words, the big blind is the first forced bet, the first raise is a second bet (although that initial raise is never, ever called a “two-bet”), then the first reraise becomes a “three-bet.”

I remember a few years ago reading some discussion about the term, probably inspired by its having first become somewhat popular and a person on a forum wondering about its origin. I recall the explanation for the term connected it to fixed-limit hold’em where the first raise equals two bets, the next equals three, and so on. Even though the raises in no-limit hold’em aren’t of fixed amounts, the terminology was borrowed and used in the same way to describe successive raises/reraises.

I can’t recall the first time I heard the term, but I remember being a little confused by it initially. It’s really not obvious what a “three-bet” means if you’ve never heard the term before, but nowadays almost everyone says “he three-bet” rather than “he reraised” when discussing preflop play. I guess I’ve become conscious of the term’s less-than-obvious meaning thanks to working with Learn.PokerNews and thinking more specifically about new and beginning players who perhaps aren’t up on all of the terminology just yet.

In any event, now everyone uses the term, and in fact it seems almost weird not to. It is so common of a term there’s a clothing line named after it. PokerListings even calls its daily recap of three big stories of the day the “Daily 3-bet.”

I brought the subject up with a friend today and we speculated that the increased use of the term likely coincided with more adventurous preflop betting -- that is, with more and more three-bets actually occurring before the flop. And with all of the “light” reraising and “clicking back” (i.e., raising/reraising the minimum) becoming popular, that has given even more impetus to people using “three-bet,” “four-bet,” and so on when talking about preflop action.

It is helpful, actually, as a kind of shorthand to say “he five-bet shoved” as a way of quickly explaining how many reraises preceded the all-in bet. Or to distinguish between three-betting and four-betting (and five-betting, etc.) when discussing preflop strategy and putting players on ranges and so forth.

Still, it’s a curious term, and one that continues to have a kind of odd disconnect for me. After all, the “three-bet” is the second action (when speaking of preflop betting). Even though I understand the term, there’s a strangeness to it that I’m also always aware of when I hear or read it.

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Friday, March 07, 2014

Talking Ice, Power, and Limit Hold’em

Had a decent-sized ice storm hit us starting before dawn today with the cold temps and freezing precipitation lasting into the early afternoon.

We woke up to no power and as I write here just after dinner time we’re still without, although after successfully cranking up our generator (a must for farm living) we’re enjoying a window of a few hours of power before bedtime. That pic is of two of our barn cats, Lily and Moe, who like Vera and myself figured out how to make do.

With little time to write I just wanted to point folks to Nolan Dalla’s latest piece on his personal blog, one that focuses on limit hold’em and how it was once all the rage in poker rooms prior to the “boom” and now finds itself a threatened game not unlike five-card draw and other rarely spread variants.

Dalla titles his post provocatively -- indeed, pretty much everything he posts on his blog is provocative -- calling it “Mason Malmuth Was Right (Limit vs. No-Limit Hold’em).” The title is referring back to Malmuth’s prediction way back in the early 1990s that no-limit hold’em had little chance of catching on, something he had written in a volume of his Poker Essays.

I actually wrote a little something last summer about this very same passage in Malmuth’s book, coming in a chapter titled “The Future of Poker.” It’s one of those predictions that reads much, much differently from our perspective, of course, and Dalla offers some reasonable justification both for Malmuth’s position back then and for his underlying arguments about no-limit hold’em actually still being valid despite the fact that NLHE has not only lasted but has grown into the single most popular variant of poker played for the last several years.

I can’t delve into the entire discussion just now, but you can read what Dalla has to say and decide for yourself what you think about the points he makes. I will say that as a LHE player myself, I’ve always felt similarly to Dalla that the game is more fun than NLHE, and in fact to me provides a lot more action in the form of constant decisions and the higher percentage of hands played.

I even wrote a kind of defense of LHE for Learn.PokerNews some time back called “Limit Hold’em Isn’t Always Like Watching Paint Dry” in which I made a couple of the same points Dalla does about why LHE is fun, perhaps especially so for beginners and/or recreational players.

Anyhow, follow those links for more Friday evening reading. Meanwhile, I’m going to go try to enjoy a couple more hours’ worth of power here before we shut it down for the night. Might go check on the cats one more time, too, although I’m sure they’re doing fine.

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Wednesday, June 19, 2013

2013 WSOP, Day 21: Min Cash, Max Fun

It was a day of poker playing yesterday for your humble scribbler, not necessarily what I’d expected to do during my one-day respite before joining the PokerNews live reporting team later today. But after arriving Monday night, Rich told me that several guys happened to be off yesterday and were planning a trip downtown to play in a cheap tourney at the Golden Nugget, and I snap-called, glad to have the excuse both to play as well as to hang out with some of the fellas.

Six of us made the trip -- Rich, Chad, Josh, the two Matts (Whitefield and Yorky Pud), and myself. Was a $125 buy-in no-limit hold’em tourney, part of the Golden Nugget’s month-long Grand Poker Series 2013 that features a ton of different games, including mixed games, a Chinese poker event, a Badugi/BadAcey/BadDeucey event, and other off-the-beaten-path fare.

Someone suggested a last longer between us at $20 per, and I agreed while insisting I was dead money among the group. I hadn’t played a live tourney in many months, while all of these guys play regularly. Hell, one of them had even won a WSOP bracelet this summer. (No shinola.)

I had played at the Golden Nugget once before, back in 2009 in a charity tourney hosted by Howard and Suzie Lederer that also involved their old “World Series of BBQ.” (Talk about a blast from the past.) That was the tournament in which I found myself in the embarrassing situation of having Dan Harrington come to my table while I sat with an “M” of 2.

We joked at one point about the sign advertising the Grand series and the non-specific “Big Chip Stacks” item listed as one of the tourneys’ selling points. The list also included “Great Structures,” and even though we were having some fun inserting those phrases into various absurd declarations (“Me? I only play events with Big Chip Stacks”), the tourney did in fact have a lot of play. Levels were 40 minutes, and with the $10 bonus buy -- “optional,” though everyone took it -- we started with 12,000 chips and blinds of 25/50.

After not playing for so long, I enjoyed getting reacquainted with the rhythms of tourney play. Was sort of like getting back in front of a class to teach after taking off for the summer. I knew what to do, but at the very start there was that tiny bit of anxiousness about it all that often characterizes such situations.

I settled in quickly, though, and enjoyed having Josh at my table a couple of seats to my left to chat with here and there. I chipped up a bit during the first three levels to get over 15,000 by the first two-hour break. Then in the fifth level I earned a boost when I came along from the button with a few others following a middle-position player’s raise after being dealt AsTc. The flop came JsQsKs, giving me Broadway and a nut-flush draw to boot. The original raiser -- an aggressive player against whom I’d already won a couple of small pots -- continued with a bet and only I called, then I called another bet from him after an offsuit four fell on the turn.

The river brought another king to pair the board, and my opponent shoved for 6,700 (about two-thirds the pot, I think). I thought a while before calling, he showed AcKd, and I had just about doubled my starting stack.

I continued to win a few small pots while mostly sitting tight, the next highlight coming in a hand in which I opened with 7h6h from late position and got a caller from the blinds from another aggressive, more skillful, hoodie-wearing player. Three overcards and two hearts came on the flop, which we both checked, then I turned my flush and ultimately got two streets’ worth of value from him and a surprised look when he saw my hand at showdown.

Meanwhile Rich busted early, re-entered, then busted again before heading off to play cash. Chad went out as well, with the two Matts also hitting the rail to leave just myself and Josh. I mostly just treaded water during the latter part of the afternoon, making it to dinner break with just over 27,000 which at the time was only around 16 big blinds. Out of the 166 entries about 55 other players made it that far, too, with the top 18 scheduled to get paid.

Josh was still in, too, with an above average stack, and the two of us met up with others for a dinner at the Hash House a Go Go located across the street at the Plaza. I had a reasonably sized (and tasty) portabello mushroom sandwich and fries, watching in wonder at the other mountainous dishes around the table including multiple orders of Andy’s Sage Fried Chicken and Bacon Waffle Tower. The meal resembled the tourney, with me short-stacked relative to others’ intimidating “towers.”

After dinner I managed to add chips without putting myself at risk, and with 30 players or so left was sitting at around 40,000 (by then only 12-14 BBs or so). Across the room the Spurs-Heat game was on and it was just about the time Ray Allen hit that game-tying three that I was four-bet jamming, watching the original raiser tank and then fold, then getting a call from the reraiser.

We both had ace-king and would chop the pot, kind of mirroring the game being tied and heading to overtime, and afterwards the original raiser noted he’d folded a pair and would have won the hand. Not long after we were down to about 25 players when I was all in again with A-K and this time was up against A-9. The board ran out a weird 4-4-4-K-K, and suddenly I was up over 80,000 and well out of the danger zone with an average stack.

Somewhere in there a highly unfortunate situation arose for one of my opponents. I was in the big blind, and the player to my left open-shoved all in from UTG for about 17,000. It folded around to an elderly gentleman in Seat 5 (the cutoff) with about 12,000 or so, and he declared he was calling.

He pushed his small stack of chips forward, his small, circular metal card protector sitting on top. It appeared he might have set his cards forward slightly, too, and unfortunately the dealer reached out and slid them into the muck. The player quickly noted what had happened, but it was already too late. The floor was called, and after some discussion it was determined the man’s hand was dead.

That inspired a torrent of what I imagine to be uncharacteristic language from the senior citizen before he departed, then lots of predictable table talk afterwards especially once the chagrined dealer had left. A few noted they’d seen such occur involving players in the 1 or 10 seats before, but never the 5. All agreed it was a crummy way to bust, but several also pointed out that if he’d used the card protector to protect his cards rather than as a chip stack ornament, it wouldn’t have happened.

A total of 23 of us made the next break. I had 82,300 while Josh had just taken a hit to fall to around 77,000. Then he had the bad fortune of running A-K into A-A following an ace-high flop to bust in 22nd, earning me the last longer in a fashion not unlike what Josh had endured in the Casino Employee’s Event when he’d finished 12th and Chad won.

It took a while, but the super-shorties finally ran out of chips and we hit the money around 10 p.m. I had about 15 BBs then, but lost a chunk after doubling up a short-stacked player. He’d pushed with Kd2d and I called from the big blind with pocket fives, and the flop came 8-2-2. Another player said he’d folded eight-deuce.

I endured a bit longer, then down to around 8 BBs I watched the table fold to a player in the small blind who limped, the same hoodie-wearing one from my first table, in fact. I then jammed from the big blind with A-J, he instacalled, flipping over A-K, and five cards later I was out in 16th for a $258 min-cash, my profit padded a little more by the hundy I’d won for the last longer.

I came away pleased and with a renewed appreciation for those who do this stuff more than just once in a while. I’d made a few small mistakes, and of course left with the inevitable second thoughts about my exit hand. But I was glad to have played reasonably well and most of all to have kept focused throughout, which is a lot easier said than done.

I cabbed it back to the home-away-from-home, the others having all long gone. I thought about how tourneys gradually evolve into these elaborate, fascinating puzzles to solve, with players’ approaches toward the task perhaps overlapping in several ways, but all ultimately being unique.

I probably only had two or three genuinely difficult decisions to make during the entire day and night. In the end, I was only all in and at risk those couple of times with Big Slick on the money bubble prior to my final hand. Of course, my ability to avoid too many crises along the way spoke more to my willingness to fold and patiently await less troubling situations than anything else.

Like a decent percentage of the field yesterday -- perhaps a third or so -- I have gray hair. And I’ll admit I play like gray-haired guys play a lot of the time. Ultimately it didn’t add up to a winning strategy, although I’d like to think I’d have been able to adapt had I gotten any further along.

Best of all, though, was I had a lot of fun playing a great game. Had been awhile.

Now I get to watch others try to figure out these things. I’ll be on the second day of Event No. 32, the $5,000 NLHE 6-max. with lots of big names among the 128 returning. Check over on the PN live blog today to read how the pros do it.

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Friday, June 14, 2013

The Pushing Strategy (Pushing Strategy Away)

Was reading a post this morning written for Betfair Poker by my buddy and colleague over there, Matthew “Yorkshire Pud” Pitt, regarding what he found to be a curious conclusion to Event No. 18 of the 2013 World Series of Poker, the second of the several $1,000 no-limit hold’em tourney on this summer’s calendar.

There the Pudster describes how the event which started with 2,071 players had gotten down to heads-up on Wednesday night between Taylor Paur and Roy Weiss. After playing for a while the pair went to dinner break with Paur enjoying a commanding lead with nearly 5.5 million to Weiss’s 715,000.

Looking at the PokerNews live blog (where Matthew was reporting), Paur apparently didn’t want to take the full hour for dinner, but Weiss said he wanted to and so they did.

Upon their return, Weiss shoved all in the first few hands in an effort to try to get back into contention. On the fourth hand he did manage to double up, meaning Paur had about a 2-to-1 chip lead. Then Weiss continued to shove all in hand after hand -- i.e., every single time.

Weiss eventually scored another double to take the chip lead, and then continued to open-shove every chance he could after that. Paur eventually was dealt A-9 and called to see Weiss had 6-3-offsuit. Paur won that hand to get the lead back, then on the next hand Weiss pushed with Kc8c and Paur called with Ad5d.

Both an ace and king flopped, then another ace came on the turn to give Paur trips. Paur then managed to fade a club flush draw on the river and won the event.

Kind of interesting to look back at the reporting of that endgame on the PN blog. This year PokerNews is providing hand-for-hand coverage from all final tables, and this is an instance where having the full blow-by-blow of what happened is especially interesting, I think. There you can see how out of 24 post-dinner hands, Weiss pushed all in before the flop 21 times, getting a walk twice and only one time checking his option after Paur limped from the button.

Weiss had not employed his shoving strategy during the 60-plus hands he and Paur had played against one another prior to the dinner break. They’d begun heads-up play with Paur well ahead, and during those pre-dinner hands Paur had whittled Weiss down further. Matthew speculates in his Betfair post that Weiss might have looked up Paur online, discovered his impressive tourney résumé, and thus adopted the new tactic with the thought that perhaps it was his best chance of beating Paur.

The story made me think immediately of that memorable 2008 WSOP event I covered in which Vanessa Selbst won her first bracelet, a $1,500 pot-limit Omaha tourney that ended with Selbst’s opponent, Jamie Pickering, adopting a similar strategy of raising or reraising the pot before the flop every hand, sometimes without even looking at his cards. (Read this post from long ago for details on that crazy finish.)

Paur in fact asked Weiss at one point if he was looking at his cards during his sequence of all-in pushes. That picture above (courtesy PokerNews) shows Paur’s frustration at having to deal with the fact that Weiss had effectively reduced the strategic element considerably, making their endgame much more chance-based because of his one-dimensional line of attack.

Again, Paur’s look reminds me a lot of how Selbst appeared when Pickering was playing similarly at the end of that 2008 tournament. Selbst had dominated the event all three days, leading nearly start-to-finish (including at the end of both Days 1 and 2) with a performance that provided a hard-to-refute argument for her skill at PLO. But that skill suddenly didn’t matter as much in the face of an opponent shoving (or raising/reraising pot, anyway) before the flop every single hand.

Matthew asks at the end of his Betfair post for readers to respond to Weiss’s strategy, evoking the question of whether or not it makes a “mockery” of the game or perhaps even raises ethical issues. To that I’d have to respond that while such play is clearly going to frustrate one’s opponent, it has to be regarded as acceptable, and even smart in certain contexts such as when the difference in skill level between the two players is unmistakably wide.

In other words, any problems with the strategy would have to be directed toward the tournament format and rules of play, not the player.

The situation calls to mind how Daniel Negreanu was raising the issue on Twitter yesterday of there being an unfortunate (to him) preponderance of no-limit hold’em events and not enough fixed-limit or non-HE tourneys on the WSOP schedule. I think the issues aren’t entirely unrelated.

An ending such as the one Weiss caused to happen in Event No. 18 is always going to be a possible consequence of NLHE tourneys, as the format allows for it. Such is a factor that can help make no-limit hold’em especially exciting, but also can frustrate those who seek to ensure poker (and the tourneys of the WSOP) remain primarily skill-based competitions.

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Tuesday, June 11, 2013

Racing Presidents, the Future of No-Limit Hold’em, and the Significance of Context

Over the weekend I was able to take a quick trip with Vera up to Washington, DC to enjoy a couple of days’ worth of leisure.

We’d been a few times before in the past, and thus had already done much of the usual sightseeing stuff. This time we mostly just enjoyed some good eats in various restaurants, checked in on a museum, saw the Washington Monument being repaired, and did a lot of walking around. We made it to a Washington Nationals game, too, and had a laugh watching the Racing Presidents run around the field between innings.

The huge-headed mascots include George Washington, Thomas Jefferson, Abraham Lincoln, Howard Taft, and Theodore Roosevelt. Of those I know Lincoln played a little poker. Taft isn’t known so much for his poker-playing, I don’t think, although he was a member of the Queen City Club in Cincinnati that had some card rooms. TR, though, was the big poker player of the bunch, and as it happened Roosevelt won the race on Saturday afternoon.

I was searching around online a little this morning and found a piece about the Racing Presidents visiting Mount Rushmore a few months back. While there, it looks like Teddy took a trip over to the famous Old Style Saloon No. 10 in Deadwood, the site of the famous poker game in which Wild Bill Hickok met his demise. In fact, old “Square Deal” Teddy took the opportunity to sit in on a poker game while there (pic above via the Black Hills Travel Blog).

Got a chance to visit a number of cool bookstores while in DC as well. At one of them I picked up several poker-related titles on the cheap, some of which I’ll be sending out as prizes in the Hard-Boiled Poker Home Games. One of the books I picked up was Mason Malmuth’s Poker Essays.

First appearing in 2000 and including a lot of previously published items (among them several revised Card Player columns), it is the first of three volumes’ worth of similar essays published by Malmuth. Like a lot of titles published back then, the book is probably more interesting in the way it provides evidence of an earlier, pre-boom era of poker than for specific strategy advice. Also included are several pieces offering opinions about the staging of tournaments and talk about structures, as well as some thoughts on how card rooms were being run at the time, thus providing more interesting reading as reflections on the Las Vegas and California poker scenes circa 1990s.

This is the book that also contains a couple of Malmuth’s most quoted lines about the future of no-limit hold’em and tournaments. You might have run into these statements before somewhere, which in retrospect obviously read a little differently than they might have back when they were made.

In a chapter called “The Future of Poker,” Malmuth discusses 11 different variants then being spread in card rooms, offering his thoughts about the current and future popularity of each. He’s high on fixed-limit hold’em and seven-card stud (at the time the most popular variants in most rooms), and down on both pot-limit Omaha and fixed-limit Omaha (the latter having been spread during the late ’80s and ’90s, but hardly at all since). He thinks razz and Omaha/8 will survive, while draw poker probably won’t.

Of course, it’s his assessment of no-limit hold’em -- the first game on his list -- that grabs the attention the most while reading today. “The problem with no-limit hold’em,” writes Malmuth, “is that the expert player has too great an edge over weak players and will virtually never lose to these people.” He adds that “since bad players almost never win, they either go broke, find another game, or quit playing poker altogether.”

Those thoughts then inform what seems an inevitable conclusion for Malmuth.

“Unfortunately, there is not much future in no-limit hold’em.”

There’s another essay titled “Are Poker Tournaments Dying?” that offers a similarly bleak forecast. “I suspect that as years go by, there will be fewer major tournaments in Nevada casinos,” speculates Malmuth, although he does think things might play out differently in California. He also recognizes that there are “a few events, like ‘The World Series of Poker,’ [that] are spectacular successes and probably will continue to be so.”

“But as far as Nevada is concerned,” he says, “the great poker tournament boom is, in my opinion, past its peak.”

It isn’t fair, of course, to go back and isolate Malmuth’s proclamations about no-limit hold’em and tournaments almost a decade-and-a-half later like this, especially when considering that both were made well before online poker had surfaced much at all, never mind the subsequent and sudden “boom” fueled by televised that began around 2003 and which very few saw coming -- a development that directly spurred tremendous interest in both NLHE and tournaments.

Found a 2+2 thread from 2008 in which someone brought up the NLHE prediction and Malmuth responded, pointing out that “It did die as a side game. There were virtually no no-limit poker games for many years. It came back due to the interest in the TV shows and the fact that a cap was put on almost all games, something which was not done before.”

In other words, context matters. Thus when you alter the context -- say by reading predictions made long ago, or having former U.S. presidents absurdly dash around a baseball field to the delight of cheering fans -- a few grins (including unintended ones) are sometimes gonna result.

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Thursday, August 18, 2011

Nickel and Dimin’ It

A nickel ain't worth a dime anymoreThought I’d write a quick little “on the street” post. Those are the ones supposedly about my own play, which for obvious reasons has been scaled back considerably since the spring. I am still playing online some, though, over at Hero Poker where as I’ve mentioned before I have a small amount with which to play.

The last few times I’ve logged in I have actually been playing no-limit hold’em cash rather than my usual PLO, mainly because there are more tables of NLHE going. I guess I’m also being influenced a little by the fact that I’m currently reading that Annie Duke/John Vorhaus book which I talked about Tuesday, a book that seems to focus entirely on no-limit hold’em (and mostly cash games, with just a few bits here and there about tourneys).

Am having to stick with the tiny $10 buy-in tables thanks to my limited bankroll. Have had a few decent sessions here and there but am mostly just treading water. Had one short sequence the other day involving two hands in rapid succession that stood out a little. The first is more interesting than the second, strategy-wise.

It was a full ring game (nine players), and for the first of these two hands I had just about $10 when I found myself in the big blind Jh3d. A middle position player limped, one of those passive sorts who limped in a lot before the flop then called a lot after. It folded all of the way around to me and I checked. The flop came Qs3sJd, giving me bottom two.

I decided to bet 30 cents, more than the pot, in fact. The MP player called. The turn was the 8h, and again I bet, this time 80 cents (slightly less than the pot). Again my opponent called.

The river was a not-so-pretty Th. I checked, and my opponent promptly bet $1.27. On Hero Poker there are buttons to bet 1/2, 2/3, or full pot, and here my opponent had clicked the 1/2 pot button. (There are “2x,” “4x,” and “8x” buttons, too, in fact.)

Probably should fold, right? Well, I was stubborn and called, and was duly punished as my opponent showed Kd9h for the rivered straight.

The amounts are so small I’ll admit I was affected at least a couple of times here. If playing higher stakes, I doubt I would’ve bet so big (relative to the pot) on the flop. And I probably would’ve folded to the river bet, too, which I well knew my passive opponent likely wasn’t making with a hand worse than mine.

That left me with something like $6. (Hero’s hand histories don’t include starting stacks, I’m afraid). The next hand I folded, and watched as an opponent had his A-A cracked by a player rivering a king-high straight with 10-9.

Then on the very next hand I was on the button when a player in early position min-raised to $0.20. I had picked up KcKd, and thinking I’d take advantage of what looked like steaming I reraised big to a dollar. It folded back to my opponent who made it $1.80, and I actually thought to myself how he most likely had aces.

But I was stubborn again, influenced both by the smallness of the stakes and perhaps irrationally by the fact that a player had just had aces the hand before. And maybe I really was steaming a little. Then again, I don’t think I’ve ever folded kings preflop before, anyway, so there was little chance I was doing so here.

So I shoved, he snap-called, and sure enough he had AdAc. A king flopped, actually, but an ace came on the turn and I was forced to rebuy.

The hand made me think of the one from this summer when I’d run kings into aces in that deep stack tourney. It also made me think of one shown this week on ESPN from Day 3 of the WSOP Main Event -- was talking about the coverage yesterday -- in which a player managed to fold his pocket kings before the flop after an opponent four- or five-bet all-in with aces.

Is fun to play, even for tiny stakes. While one always has to allow for the kind of crazy-random play that will sometimes crop up at the micro stakes, that really only constitutes a small percentage of what goes on. Otherwise it is the same sort of good and bad play one finds higher up, with perhaps a bit more of the latter. And even though the smallness of the stakes is likely keeping me from thinking as carefully as I should when making certain decisions, I am nonetheless feeling reasonably challenged to think somewhat seriously about the game.

The fold buttonStill, finding that fold button can be extra difficult sometimes when playing for nickels and dimes.

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Thursday, March 31, 2011

Bluffing and Nothingness

Paul Newman in 'Cool Hand Luke' (1967)Have been playing tourneys more often lately, including this $40K guarantee they run on PokerStars every night at 8:00 p.m. Eastern time. Normally I don’t play much at night, preferring to spend the time with Vera Valmore, but she was away at a conference and so I once more hopped in the game.

This particular $40K guarantee is a rebuy tourney -- just $3 plus 30 cents to start, then $3 for each rebuy or add-on -- with a relatively slow structure (15-minute levels). The rebuy period lasts an hour and is often characterized by the gambly shenanigans one frequently sees in rebuy events. However, thanks to the long levels I found it’s usually possible to be patient and wait for a good spot to double-up for free.

I’ve been doing okay in these, cashing enough to make for a decent-looking ROI. Even a min-cash tends to approach $20, not bad if you can manage to get through the rebuy period without laying out too much.

Also, this particularly tourney seems frequently to have overlays, or at least there have been the times I’ve played ’em. For example, last night there were 3,370 players, 6,040 rebuys, and 2,182 add-ons. That meant a total of $34,776 had been contributed by the field, so Stars added $5,224 to the prize pool to make the guarantee.

I did cash last night. Had an okay stack going for much of the way, then was below average (down to about 16 big blinds) when I ran AhKh into pocket kings to go out earlier than I’d have liked.

Had one hand in particular I enjoyed quite a bit, one in which I open-raised from the button with 8-2-offsuit and got a caller, then double-barrelled to take it down on the turn with my eight-high. Nothing too special, really, but the hand came right before a break and won me a decent-sized pot, carrying my total close to its highest point of the evening. So I had five minutes to get a drink of water and congratulate myself. And think of Cool Hand Luke.

Earlier in the day in my “Poker in American Film and Culture” class I’d shown that well-known clip from the great 1967 film directed by Stuart Rosenberg and starring Paul Newman, perhaps one of the best, smartest poker scenes in any movie. You know what I am referring to, the scene involving a five-card stud hand in which Luke (Paul Newman) picks up his nickname:



After showing the clip I asked the class to respond to that line “sometimes nothing can be a real cool hand.” Has a kind of obvious meaning in poker, I suppose, referring to the fact that it can be easier to bluff with nothing at all than with a hand of marginal value. Sometimes, anyway.

But I asked the students to think about the phrase in a broader context, relating it to the so-called “American” themes (e.g., freedom, independence, etc.) we’ve been saying poker tends to illustrate. Not to get all lecture-like here, but it doesn’t take too much cogitatin’ to see how the line represents more than just a neat thing to say after successfully running a bluff. It’s an entire “philosophy” or world-view, really, one which I think we see illustrated in a variety of ways in the U.S.

I’ll leave you to think about what I might be getting at there. Sort of like a teacher might do. Or someone who is bluffing.

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Monday, December 13, 2010

Stopped Short of the Goal Line

Hi, loser!Was kind of a comical afternoon, really. My Carolina Panthers were getting thrashed once more. Fumbling on the first play. Falling down 14-0 within first five minutes. Ending the first quarter with fewer total yards than the Falcons had points. On their way to making it 1-12 on the season, the NFL’s worst.

How they even won one game this year is baffling, to be honest.

Bored, I idly registered for a $1 “Twitter” no-limit hold’em tourney on PokerStars. As did 1,220 others. A couple of hours later we were in the “money” (as it were). And a couple of hours after that I was one of 19 players still with chips. I joked on Twitter that first prize -- a little over $200 -- was “afternoon-changing” money.

Of course, by that point -- sitting with about twice the average stack and feeling fairly confident about my abilities relative to those of my opponents -- I had started to believe I had a genuine chance at claiming that modest little score.

The tourney had gotten stuck on 19 left for some time. The blinds were 2,000/4,000, which meant the average stack was around 15 big blinds or so, if I remember correctly. Everyone’s stacks had been fluctuating, with the shorties having survived a number of all-in shoves. I think I was as high as third place at one point.

Then came more comedy.

At our six-handed table, I raised with pocket jacks and it folded to the big blind who reshoved his stack of 30,000 or so. I called, he showed K-K, and I lost about a quarter of my stack, slipping to about 90K.

Two orbits later another short stack open-raised his stack of 30,000 and I took up the challenge with pocket eights. He turned over As5c, and when the flop came QsTc8d things were looking fairly grim for my opponent. But a king on the turn and a jack on the river gave him the runner-runner straight, and he and I were both sitting on stacks of about 60K.

I fought back, though, and in fact managed to build back up over 130K, mostly without having to show hands, although there was one showdown in there when after flopping an ace my A-Q proved best.

Then came another preflop all-in battle, with the same player who’d previously hit that Broadway straight, as it happened. He’d shoved about 60K (15 big blinds) with A-K, and I’d called with pocket tens. Board JsQh6c7s... Ts. Another Broadway straight, again on the river, and we’d swapped stacks, with him now enjoying having about 120K, while I had slipped to 60K.

By now the table was having some fun in the chatbox marveling at my repeated misfortunes. I didn’t mind, and was giving my nemesis some good-natured grief over it all. Even though I’d become short-stacked, I still had chips and felt reasonably fine about my chances, especially when I picked up AsQs on the very next hand.

My chips went in the middle, and my nemesis -- the same fellow -- called me with KhJs. The community cards brought two jacks, and that was that. Out in 19th, with not even five bucks as a parting prize.

I hardly ever play tourneys. I usually enjoy ’em, and probably overall do okay -- maybe better than okay -- when I do. There are a couple of reasons why I often don’t find myself choosing tourneys when I sit down to play, though.

One is the time commitment. I much prefer hopping in and out of cash games for short sessions than being stuck for hours in a tourney.

Secondly, tourney regulars have to be especially well-suited to handling a lot of losing. After all, even the best players only cash once every five to ten times they play, and actually win the suckers very, very rarely. It’s part of becoming a skilled tourney player, really -- not just learning and improving on one’s strategy, but being able to learn how to deal with coming up short again and again. And again.

And even though I might get a perverse pleasure out of seeing my miserable Panthers find new ways to disappoint each week, I have to admit I can’t quite get used to the losing.

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