Posts Tagged ‘bankroll-management’

Jean-Robert Bellande Goes Broke

by , May 9, 2010 | 7:51 am

Swear I’m not mocking. Less than 12 hours ago, after all, I re-potted with two-pair in some 1/2 PLO at the Hard Rock, and then when the original pre-flop raiser check-shoved all-in, I felt I had to call …

But just a couple months ago I was watching Jean-Robert Bellande seemingly tear it up in the high-stakes room at the Commerce, sitting with easily 40 or 50k in front of him. But now, by his own admission on twitter, @BrokeLivingJRB is busto. Super-busto it seems. Terrible timing as we approach the WSOP.

Be sure to check out his twitter feed.

Name Jean-Robert Bellande
Location Las Vegas
Web http://WorldSerie…
Bio Poker Pro. Track my crazy swings as I take my bankroll from zero to a million.

Hmm, didn’t quite work out that way — or at least hasn’t yet. It’s so hard not to root for this guy. He knows himself, and just can’t control himself (?) … but still insists on being a “survivor” … and is willing to share his glorious collapse with all. Reading his tweets in reverse chronological order provides quite the revealing story about a poker unraveling … something all of us who aren’t consistent winners and don’t have real regular jobs may or may not wanna think about.


Kiplinger’s Gets the Poker Bug

by , Jan 12, 2010 | 2:11 am

Kiplinger’s, the DC-based publisher of business forecasts and personal finance advice, appears to have “gotten” poker. A senior editor there attended a WPT boot camp (for a compilation story on adult camps), and before long he started seeing the world of investing and finance as a poker player … and that spawned a three-part series relating poker to all things economic.

Check it out … they’re all good reads:

INVESTOR PSYCHOLOGY
How Poker Can Make You a Better Investor
Learn to avoid emotional traps by playing a little Texas hold ’em.

STOCKS & BONDS
How Texas Hold ‘Em Simulates Investing
Both are based on incomplete and unfolding information.

STOCKS & BONDS
How Deepak Chopra Helped Me Play Poker Better
A device featuring the wellness guru taught me to keep my emotions under control.

And then, to top it all off, in yet another article in the January issue, they quote Barry Greenstein about investment risk:

Barry Greenstein, for instance, is a poker player by profession, so you might think he’d be prone to gambling with his portfolio. Instead, Greenstein buys utility stocks and municipal bonds, and says he follows his father’s advice: “You can play poker, but don’t trade commodities.”

So in conclusion, if I am surmising this right, the key to personal financial success in 2010 is play more poker. OK, got it.

(This, btw, is probably a good-for-poker message to go out to Kiplinger’s subscribers.)


Gambling U.

by , Dec 8, 2009 | 11:02 am

More kids and poker, man … it was gonna be an issue anyhow, and Joe Cada’s WSOP win maybe made it even more so. I got an email from a student at Rollins University who’s doing a paper for his English Composition class on something that has indeed become if not a hot topic, a warmer than usual one on college campuses across the U.S.

Below are the questions Tyler in Winter Park, FL, sent me. While #1 is probably the hardest to answer — and ahh, the memories brought back by #2 — I think it’s interesting to see where his thinking is coming from … how the internet is obviously part of the issue, but not nearly all of it … and in general, the starting perception that gambling is a “problem”.

Questions

1.What is your profession?
2. Did you gamble in college?
3.How do you feel college administrations should address this problem? Do we need more awareness or intervention programs on campus?
4.Do you think this is a serious/risky problem for college students today? Why? Does the internet play a major role?
5. Can you comment on these areas of my argument
-Gambling can lead to addiction (colleges already educate on alcohol and drug addiction)
-Gambling can lead to risky behavior (financial problems, crime etc)
-Gambling can negatively affect academic progress


Phil Ivey on E:60

by , Nov 4, 2009 | 7:00 pm

Here’s the ESPN E:60 segment in case you missed it. His first job: flipping burgers at McDonald’s. Parents briefly felt like failures when his life turned all-casino. He’s been technically homeless, sleeping under a bridge in Atlantic City. Built his bankroll by taking his last $50k and turning it into 2 Months $2 million. And eventually, he was the MVP helping “The Corporation” felt Andy Beal for 8-figures +.

Great stuff from a non-pokery ESPN reporter who gets to find out firsthand what it’s like being the craps cooler Ivey believes cost him more than $240k.


Numbers Game

The Poker Beat

by , Oct 30, 2009 | 6:30 am

The usual crew talked a little (new era) poker on TV this week — 2M2MM + PokerStars Million-Dollar Challenge — and then BJ number-geeked out on Daniel Negreanu’s breakdown of WPT performance stats … and a Calling the Clock segment on coaching at the WSOP main event.

The Poker Beat
Huff, Caldwell, Wise, Michalski, Nemeth, Stapleton
10/22/09

[audio:http://www.pokerroad.com/upload/radio/23/audio/PokerBeat10229009.mp3] subscribe via iTunes


23-year-old Bankroll Management

by , Oct 13, 2009 | 6:09 pm

Suze Orman had another poker player call in to her “Can I Afford It?” segment seeking her approval to buy into a $1,200 tourney in Las Vegas. Young guy. Spoiler Alert: Quickest denial ever!

LOL, apparently Suze doesn’t understand that players like Brian are “good for the game.”


Phil Hellmuth on the Economy

“It’s been kind of painful cash-wise for a whole year here.”

by , Sep 30, 2009 | 5:06 am

He’s not broke, he swears, but he is, like everyone, way more money-minded than before … because he has to be! You have no idea how much a prop bet against Phil Ivey can affect the price of a barrel of oil.

Phil Hellmuth sat down for an hour with PokerTube.com the other day (an hoouuurrr), and while most of it’s gag-worthy, I did find his explanation of bankroll management and his personal cash sitch interesting:

He really really really wants you to buy his stuff at PokerBrat.com.


Multimillion-Dollar Leaks

by , Aug 18, 2009 | 12:04 pm

Wait, you mean poker pros aren’t the only ones who go broke? Apparently not … according to Brian Cuban (Mark’s brother) 60 percent of all pro athletes go belly-up after retirement. Likewise for Hollywood-types. So much for our theories on poker players being inherently more degenerate … they’ve hardly got the market cornered when it comes to pissing money away.

Though I question Cuban’s numbers, I don’t doubt so much his concept. He will be talking about it — pro athletes specifically — on his podcast (radio show?) tomorrow at 11:15 central.


(Trash Talk) Tuesday Night Poker at the Hard Rock

by , Aug 4, 2009 | 8:37 pm

I’m headed out to play a little cash action … gonna go check out the Hard Rock — where the poker ops there have apparently taken a lesson from the Vegas nightclubs and have started to “own one night.”

They’re calling it Trash Talk Tuesdays, and indeed, have heard a teensy little buzz about it around town. Follow me on twitter for updates. My plan is to play tight and not get caught up in twittering.

As you can tell, this will be a big game for me — essentially $2/$5/$10 NLH that I hear grows even bigger as the night goes on. I’m a little nervous — am pretty sure it’s poor game selection to risk a third of your bankroll in a potentially wild, unfamiliar game playing at higher stakes than you’re used to. But sheesh, they’ve even got a bonus for playing the hammer! Go Dream Team money …

From Hard Rock Poker Lounge:

Trash Talk Tuesdays
Bad Sportsmanship Encouraged – ornery dealers, slow rollers & grown men crying…
Buy-in: $300-$3000
Mandatory “Hard Rock Straddle” on the button
Blinds: $2-$5
Seven Deuce Bounty

Warning: If you’re a whiny little baby who can’t take a joke about ginormously fat and disgusting your mother is, then this event is not for you. So stop reading this and MOVE ON!

More about this game from 2+2 here and Doc W (who took the picture from that game above) here.

UPDATE: You can see my results on twitter … but in a nutshell, this game plays WAAY bigger than 2/5 or even 5/10. Got my ass handed to me (twice) before dropping down to “Wacky 1-2” … which is essentially the same game with 1/2 blinds and a forced $4 straddle.


Where is Eric Crain?

by , Jul 8, 2009 | 5:39 pm

Eric and I played in the first round of the limit holdem shootout. What a nice, funny guy in addition to being a great player.

I beat him at the first table, but before I did, we agreed to save 10 percent. After beating him, I failed to get his phone number in order to contact him to arrange for payment after I won the tournament. Oops. I didn’t win.

I should have paid him his $435 before he left and figured that he would come watch me if I made the final table. I couldn’t believe that I didn’t make the final table, but I ran into Greg Mueller heads up. He’s soooo lucky.

Anyway, I owe Eric some money and want to pay him. Please help! I don’t want to be lumped in with all the other nonpaying “pieces” that I have encountered during the WSOP — and I certainly don’t want to to be included in Pokerati’s gallery of villains.

Anybody know how to get in touch with him? Seriously. I just want to pay him.


Satellite Squeezed: Dirty Chop Dodginess

by , | 8:20 am

UPDATE: Savvas Zenonos is the bad guy.

Actually, a picture of this ethically challenged poker player is available.

Despite Annie Duke’s assertion that “poker players are the most awesome people in the world!”, we all know the truth: you’ve got some bad apples in the mix. That became very apparent in one of the last $1,060 mega-sats for the main event — where 22 players agreed to a chop, but one of them reneged on the virtual handshake and ran off with more money than he was supposed to keep, effectively ganking $2,400 from the prize pool.

Hey, these are tough times. It’s been a long month+ on the poker frontlines … pressures are high, bankrolls tapped, and casualties have mounted. Character-testing times, to be sure … and save for a few multi-bracelet winners, we’ve all had to re-evaluate not just our play but also our purposes in life at some point during this Series. Thus it’s with little shame that Pokerati has decided to get into the business of morally righteous extortion poker collections.

So here’s the deal, dude: You have until the start of Day 3 — roughly 48 hours — to make good and pay up, or we’re going to out you as a shyster and do our best to make sure that anyone googling your name sees the post revealing you as a poker crook. Cool? It’s not libel when it’s true; and just because you told a few people, allegedly, “I’m going to screw you” prior to doing so, that hardly constitutes “fair” warning.

Click below for the breakdown of how this main event satellite finished up and a good chop went awry — leaving several players, including DonkeyBomber, coming up short when it came time for payouts:
More…


3rd Place for Julie

by , Jul 1, 2009 | 8:56 pm

Big congrats for the deepest run of any Team Pokerati player in 2009, who just finished 3rd in the $2,500 2-7 Triple Draw. From WSOP.com:

Julie Schneider played a remarkably clean tournament right from the start of play on Day 1. She quickly proved to her male competitors that she was more than just a pretty face at the table, picking off one opponent after another with her well-timed bets (and a few favorable draws). Her deep run comes to an end in third place, good for $66,285 and a big hug from husband Tom

Though we still need to run the calculations and wait for the main event to finalize, as of now, it looks like Mrs. @DonkeyBomber will win the Team Pokerati Net Results Challenge — and though not quite enough for Tom to quit his job and become a stay-at-home dad, it should be enough to keep the Schneiders out of indentured servitude. (Phew!)

What? You didn’t know the Team Pokerati Net Results Challenge existed? Either did we, but hey we swear it might be disastrous cool … tallying up not just winnings, but winnings-minus-buy-ins to see who’s really tearing it up at the WSOP.

Unofficial standings in that department:

1. Julie Schneider
2. Pat Poels
3. Gregg Merkow
4. Cliff Fisher
5. John Harris
6. Robert Goldfarb
7. Shoegal
8. Karridy Askenasy
9. Whit Blanton
10. Tom Schneider


TOM CASHES!

by , Jun 27, 2009 | 6:03 am

After a valiant 0-for-18 start, with only one Day 2 in the mix, everybody’s favorite @DonkeyBomber has finally made the money — winning his first-round table in the $1,500 Limit Hold’em Shootout, an event he finished 5th in back in 2006.

Yep, it’s a guaranteed $4,350 payday ($2,850 net). We know he’s got a long way to go against a bunch of other tough pros to stop the bankroll-bleeding … but c’mon, golf-clap … baby steps. Now all he needs is a third-place finish (or maybe second) to get him pretty close to even for 2009 WSOP tourneys.

Click here to follow.

Other notable players advancing include:

David Williams
David Plastik
Juha Helppi
Humberto Brenes
John-Robert Bellande
Brock Parker
Nick Binger
Diego Cordovez
Greg Mueller
Ray Henson

… and a lot of others that have 2-4 WSOP cashes under their belts.

Here’s Tom’s 2nd Round table:

Tom Schneider – 45000
Juha Helppi – 45000
Mike Thorpe – 45000
Daniel Kraus – 45000
Michael Byrne – 45000
Brock Parker – 45000
Greg ‘FBT’ Mueller – 45000
Mike Beasley – 45000

If you tally up Hendon Mob Results and WSOP hardware for all the players still left (64 out of 572), this table represents the 1st most difficult out of 8. Must-win.


Tao of Pokerati: Pre-Horsing Around

by , Jun 26, 2009 | 8:31 am

A $2,250 Mega-Sat for the $50k HORSE breaks out right in front of us, where suddenly the seasoned pros are kicking it old-school — playing with jovial intensity and the hope that their real poker dreams can be bought at a bargain. It’s the poker economy, the regular economy, and backer variance in play … with satellite sponsorship deals, backing syndicates, and a question about what kinda team Russian backers will deploy. Special appearances by Michael Mizrachi, Allan Kessler, Bill Chen, et many medium-higher-rolling al.

presented by:

dream team poker

Tao of Pokerati at the 40th WSOP
Las Vegas, NV

Episode 11.21: HORSE Hunting
4:09
[audio:tao/TaoPokerati_WSOP_HORSEsat1.mp3]

Episode 11.22: The Satellite Economy
5:06
[audio:tao/TaoPokerati_WSOP_HORSEsat2.mp3]


RE: Late-night Follows

$2,500 Omaha Hi-Lo

by , Jun 25, 2009 | 3:59 pm

They’re back in action in 2.5 O8B (bear with me, still experimenting with new abbreviations) … Mike Matusow is out, but with 14 players left Team Pokerati-er Pat Poels is climbing back hanging on for dear life. Mark Tenner is the chip-leader, but imho the guy you really have to watch out for is Mark Gregorich. This game caters to his style, and with half-a-table of knockouts to go before the final, fifth chip position is arguably a stronger spot to be in than momentary #1.

Click here to follow.

UPDATE: 13 left now. Pat in 11th chip position. Needs a scoop something fierce …

UPDATE: 12 left … but Poels involved negatively in the three-way-action scooped pot that knocked out Patrice Boudet. OK, now 11 left … Pat still near the bottom, but with more relative chips. 8th overall — and that’s with having just lost a pot. At the same time, even a double-up right now would still leave him in 8th place.

Here’s what they’re playing for when they get down near the final table bubble in this sort lower-middle buy-in split-game event. Obviously the $229k for the bracelet is nice, but for the non-winners, where exactly they finish could make the difference on whether or not they have a wave a winning or losing World Series:

1 $ 229,192
2 $ 141,647
3 $ 93,199
4 $ 65,094
5 $ 48,028
6 $ 37,350
7 $ 30,562
8 $ 26,213
9 $ 23,541
10 $ 17,007
11 $ 17,007

UPDATE: Poels = 9th. Nice-ish.