My favorite poker hand…

April 5, 2009

I remember being astonished by this hand when I first saw it…and I think Ivey snap calls these days…


Smart Ways to Clear a Poker Bonus

March 9, 2009

Collecting a free poker bonus is only the beginning of the story. Once you’ve made your deposit and inputted the bonus code, you’ve got to clear that bonus to get the money into your account. To clear the bonus you have to get points, and to get points, you have to play raked hands or tournaments. The bigger your bonus, the more you’ll have to play to earn the bonus. Here are some smart ways to go about clearing that bonus.

If You Play Cash, Play Cash

Players earn points from tournament play based solely on the entry fee of the tournament. It doesn’t matter how many hands you play or how long you are in the tournament. For this reason, earning enough points to clear an online poker bonus exclusively through tournament play can take an inordinately long time. With cash games, on the other hand, every raked hand you play usually earns you at least one point, depending on the stakes you play at, and you can play a lot of hands in a short period of time. If you play tournaments exclusively, there’s not much you can do, but if you can focus on cash games for awhile, you’ll clear that bonus much faster.

Don’t Experiment
Some people feel that clearing a bonus is a good opportunity to experiment with higher stakes or new games. This is true AFTER the bonus is cleared. While you are clearing the bonus, however, you should try to stay in your comfort zone. If you go broke, you’ll have to deposit more money to clear the bonus, and if that does not fit into your bankroll management schedule, you could have a problem.

Check Your Status

Many on line poker sites make it relatively easy to check your status. Feel free to frequently visit the status page to see just how close you are to claiming that elusive bonus. This is also a good opportunity to make note of how much time you have left to clear the bonus. Sites often offer several months to complete a bonus clearing, but if you miss the deadline, the bonus is gone.


Rob Dyrdek Fantasy Factory

March 8, 2009

This guy is the man.

Rob Dyrdek (co-founder of DC, Rogue Status, and infamous playboy of MTV’s Rob & Big) is back at it again.  This time with his cousin, Drama, as his trusty side kick.

He built a modern day Willie Wonka Factory, approx 40,000 square feet of fully skateable insanity to allow for free range creativity.  His current ambition: Mogul Up.

Yes sir, mogul up indeed.


PROP SIGHTING

February 26, 2009

PROP on the Golden Gate:

prop-on-ggbridge


Why the upcoming poker bust will be a good thing

February 15, 2009

The news already informed you that the sky is falling, people are losing their jobs, and the economy sucks.  Vegas is on the verge of bankruptcy due to over leveraged billion dollar fantasy lands and the collapse of available consumer credit worldwide. 

Poker has gone through its uptick in the U.S. and it has since flattened – it is still growing elsewhere in the world but for how long?  Many people have been wondering when the poker industry would slow down…2009 could be that year.

In my opinion, the pending downfall of poker has the potential to make poker a stronger and more entertaining industry/’sport’

Here’s why:

-Less people playing the big buyins = More familiar faces making final tables

– More familiar faces making final tables = More interesting stories

– More interesting stories = more interested fans

– More interested fans = …well you get the idea.

Expensive buyin events like the 50k horse yield a tremendous amount of fanfare because the poker fans want to know what the poker ‘stars’ can accomplish, and generally these are the only people degenerate enough to play in these events.  8,000+ tournament fields do not allow enough big names to get there often enough, so it’s harder for fans to root for their favorite players.  

The November 9 experiment was conducted on exactly this premise.  Give the poker community, and the tv production companies, time to produce background stories on the players.  Build interest in a small number of players.

If poker can shrink in size, a lot of the fringe players will go busto, and the ones who survive will be the best and strongest players.  I’d rather follow a tournament with 300 world class players, than watch a lottery of 8,000 players with a wide range of skill levels.  

I started thinking about this as I was watching the recent WSOPE Main Event – this broadcase has way more ‘names’ on TV than the WSOP ME in Vegas had – albeit a smaller prize pool, but more interesting poker to watch imho.  It’s more interesting to watch Negreanu and Juanda play a pot than a few random satellite monkeys who happened to make it to day 4 (which is not to take away anything from that accomplishment – it’s just I don’t want to watch it on TV).

Certainly other variables can impact the entertainment value of poker for true poker fans – like deeper stake final table tournament structures, big buyin high stakes cash game formats, etc…but it’s interesting to think that the less people playing televised poker events could perhaps create a situation where it becomes more interesting to watch.


Win more with…Blue Fire??

February 15, 2009

Since Highstakesdb.com started keeping track of some of the biggest poker games online (since Jan 2007), OMGClayAiken aka JMAN aka Phil Galfond has won the most money (as of 2/14/09).  He’s smarter than you.  And has over $7M in online winnings to prove it.

He’s also got a new poker training site.

I don’t know about you but I wouldn’t mind picking up a tip or twenty from a guy like that  to prevent me from going busto every few months.  Sign up fees start at $99, and the monthly fees are like $25 or so.


Adam Kimmel: Claremont… is crazy

February 15, 2009

Origami

February 8, 2009

Arrest that Man (again)

February 8, 2009

Shepard Fairey – of iconic Obey fame – was arrested in connection with some street tagging before his Boston opening of ‘Supply and Demand’ (his new book) and an art exhibit covering his last 20 years…

Two warrants were issued for Fairey on Jan. 24 after police determined he’d tagged property in two locations with graffiti based on the Andre the Giant street art campaign from his early career. He’s been arrested a bunch for similar infractions, so nothing really new here except for the fact that in our post-obama world (due to his ‘hope’ poster) he’s now becoming a larger than life celebrity in the contemporary art world.

The guy has been much criticized as a thief and a plagarist, and maybe on some level he was – but that can be a funny thing about art – it tends to be circular in it’s nature – drawing from inspirations and influences around your own sphere.

Keep on tagging in the free world.


Motivation on the grind

February 1, 2009

After spending about a year playing 20-30 mtt’s a day for 5-6 days a week, I’ve spent a little time reflecting on motivations. Why do we do what we do? And, how do we stay motivated to do it?

It seems poker has lost something for me. I still like playing, but its different. After taking an analytical, studied approach to the game, the ‘mystery’ is no longer there. After seeing ‘most’ situations, it all starts to become expected. Your win rates are relatively consistent, and you know you have a return of X for each type of tournament you play. If I maintain an ROI of 30% for each $10 tourney, then I earn $3 for each tourney played, regardless of actual finish.

This technical approach makes it kind of annoying to enjoy the game, because you have predicted your results in advance. I found, that for me personally, to handle the emotional and financial swings of online poker, it needs to be done with two things: bankroll management, and reasonable statistical expectation.

As far as bankroll management is concerned – playing with such conservative requirements is often – BORING

To make it a little more exciting, allow yourself to take a shot from time to time. Playing in $24+2 tournies regularly? Take a few shots at the $69+6’s. I’ve found that can mix up the monotony of it all….playing other games (NL v PLO etc), different formats (SNGs v MTTs v Cash), and even different sites can help reduce the mind numbing.

Having a reasonable expectation for each game played means not expecting to final table every tourney. We have a very pavlovian reward system in poker. The variance and unexpectedness of each individual event creates an addiction. Most days you have your min cashes with say 1 final table per 20 games. Of the times you reach the final table, you win approx 1 out of 10. So you can reasonably expect to ‘win’ once every 10 days. Obviously these numbers vary with the size and quality of the fields, as well as your skill level and edge against these different types of field, but knowing what your general stats are is never a bad idea.

But we already know that poker is a bitch and it doesn’t always work out so smooth. Maybe you go on a heater and win a few one week, and it takes you three months or more to win again. So you have to balance the highs and lows with reasonable expectations, which in turn creates a reduced sense of excitement for winning.

Now, don’t get me wrong – its ALWAYS fun to win. But what I’m saying is you feel a little less disappointed when you final table and finish 6th…because you know its all apart of the process.

I have a lot of respect for the Jon Turner and Shaun Deebs of the world, there are plenty examples of volume grinders, finding success, working their way up the ladder – and its mainly because of their ability to maintain motivation to continue the insane grind. For most, we are all waiting for that next ‘big win’ – and the definition of big win changes as you move up the stakes. The likes of Turner and Co are waiting for their big ‘wpt or wsop 10k win’ – most of us are waiting for our next four or five figure win. Either way, the waiting game exists…kinda like the lotto. Except the best of us get a few more lotto tickets than the rest.


What do you want from Poker?

January 21, 2009

Ask yourself this question, and spend some time thinking about it. In my opinion it is important to understand why you play – people play this game for different reasons, some include:

– Money – obv – but is your goal to have this be your sole source of income, or just make a few bucks on the side…

– Escape – you might have a crappy day job, a difficult home situation (parents, spouse, whatev), or some other life ‘inbalance’ that you use your online poker account to avoid thinking about

– Friends – maybe a bunch of your closest friends play, and you want to share that common thread

– Freedom – or the allure of freedom – this is a bit tied to escape, but you might play regularly hoping to get that illusive ‘f.ck you pass’ to do whatever you want, whenever you want. this is often like chasing a pot at the end of rainbow…but nonetheless we chase anyway

– Travel – if you can scratch together a decent enough roll to travel, or have a backer, you have the potential to stay in nice hotels in vegas, la, london, australia, bahamas, etc….that can be fun – but away from poker tournaments you have the schedule flexibility to go wherever you want.

– Fun – perhaps an underlooked reason for playing – making money is fun, but beating people and ‘winning’ at whatever you are doing can be equally rewarding. You’ll find more than a few regular micro-stakes grinders who play for more or less fun – making a few hundred or thousand playing online is fine with them – and they can keep it balanced.

Balance. It’s important. Life, Family, Friends, Relationships, Fitness (physical and mental), Eating Right, Sleeping Right…some of us degens neglect many (or all) of these categories…pick up a non-poker related book, go snowboarding, gamble for dollars at the baseball game with some friends…log off for a sec. Or don’t. It’s your world, we’re just living in it.


Durrrr’s Million Dollar Challenge Thoughts

January 16, 2009

Recently (old news as of 1/6ish/09) Tom Dwan was the next high stakes gambler to put down a gaunlet of a challenge.  Plenty of poker news type outlets have issued stories on the piece, google Durrr’s Million Dollar Challenge for more info, 2+2, pokerlistings.com, pokernews, pokerroad, etc…

His proposition in a nut:

He puts up $1.5M to anyone else’s (except Phil Galfond) $500k.

Both players play 50,000 hands, while four tabling, 200/400 NL and PLO and whomever is up at the end of the 50k hands (regardless of the $$ amount, wins the proposition).

He’s laying 3 to 1 to the poker world, that he is the best high stakes heads up 4-tabler in the world.  Is he? maybe.  Ivey says he generally only plays 2 tables…who wants some action?  Rumor has it – Benyamine, Patrik, Ivey – standing in line, in that order:

Awhile back I posted an analysis of High Stakes Poker Results which commented on the 50,000k mark.  In the highest stakes world that seems to be the threshold not many players bust through, and the ones that do are proven longer term winners.  The reason for this in this case is because of the data available for analysis (top 50, bottom 50 winners/losers online over X period), all the losers go busto before reaching that barrier.  

Now, as for Durrrr  – he is well aware of this benchmark – and he obviously feels that 50k hands is sufficient to minimize variance and allow skill to usurp short term luck.  He also thinks he has a significant edge while playing 4 tables at once.  So far so good.  I think what he may be underestimating is bankroll requirements for this game.  If he is basically putting his entire roll ($10M??) on the line vs. Ivey (making $1M/month through Tilt plus up $7M this year online…seems a little crazy.  There are definitely tax considerations in play – as he may have a tax bill in the $2-4M range, if he goes busto or loses his $1.5M + the games losses, then it is offset by what he can save in paying uncle sam…blah blah whatever.

The point here is what is a reasonable swing?  Four tables, 200/400 plo.  100bb = $40,000.  I’ve seen some analysis of PLO estimating normal variance of 60 buyins ish – which would be 2.4M x 4 = $9.6M assuming you go on a 60bb downtick on all four tables.  Since you don’t look at each table in a vacuum, it would be more like a 240bb downtick, which is unlikely – and could more largely be attributed to a skill advantage to the winner – but really – the stakes are HIGH – and someone’s gonna be put in a hurt locker by a guy named vinny.

Barry Greenstein and Ivey himself have both commented on PR that it seems likely that someone’s going broke should these games actually play out completely – otherwise someone’s taking a buyout, and losing $2-3M.

Selling pieces, and making this a bankroll war is bound to happen.  Maybe that’s why OMGclayaiken is excluded (possibly in on the action with Durrrr in the event he needs a few M’s as a loan)??.

Fun stuff – should make Tilt a lot of money with all the railbird/extra users (assuming they play while watching) – this leads to the thought of PayPerView poker. Hype and competitions create excitement – just look at 50cent and Kanye, Tupac and Biggie – people like to pick sides and watch their ‘heroes’ battle it out.


10Deep gets cozy

January 16, 2009

It’s cold anywhere from Iowa to Maine.  B-lo included.  I need one of these vests from 10Deep, after I find $140.

These new down vests make me all warm and fuzzy inside:

From 10Deep
As seen on Digital Gravel


New Years Eve Record Motocross Step Up/Down

January 14, 2009

For anyone that might have missed it – NYE Robbie Maddison went nutzo at paris in las vegas. 96′ up, and 96′ down.  Yikes.


Art Wanted

January 14, 2009

Hey all you freelancers….

PROP is cooking up a new line for spring 2009 and if anyone is interested in submitting concepts we will pay $100-$500 for appropriate tee art.

What we want:

Original concepts

Cleverly related to poker

or

Dope Line Art – good for printing

Not: Gimmicky, slogany, catchphrase

Think: Emptees, Huf, JCupcakes, Hundreds, Supreme, Upper Playground, Obey

Email: matt (at) propclothing.com if interested or for more information.

Cheers.


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