Posts Tagged ‘bankroll-management’

Pros on Tilt

by , Jun 23, 2009 | 12:40 pm

Not everyone is winning this year … and we’re getting near that point where you either gotta make something happen to turn it around or be left, perhaps literally, in the main event going for broke.

Mike Matusow getting ready to lose it (via Annie Duke):

And of course we know how our buddy Tom is doing (0-for-14) … so he decided to booze it up for the $2,500 Razz. “It can’t really make me do worse,” he said, before giving most of his stack to Eskimo Clark en route to going bust:

RE: World Series of Failure

@DonkeyBomber is back-ish, for second day of tourney

by , Jun 19, 2009 | 5:43 am

Usually, at least among bracelet holders and Batfaces at the WSOP, Team Pokerati members are not required to wear their patchwork until after electronic devices have to come off the tables. This was a compromise reached with the TPPU (Team Pokerati Players Union) because we see lots of people we know and like throughout the early stages of tournaments, and unless they’re some sort of ridiculous super-monster chip leader, we usually say the same thing when they say hi: Whatever, talk to us on Day 2.

Well, for the first time this Series, our mascot pal Tom actually has something to say … because for the first time this WSOP, @DonkeyBomber has “bagged chips” — and sure enough, he credits his early donning of The Patch, if not our friendly encouragement and mixed games coaching, for this baby step toward success. Tom is playing in the $10k 7CS-HL, and with 110 of 164 players remaining, he’ll begin Day 2 near the top of the leaderboard, 8th in chips.

Follow his progress throughout the day here … and maybe here. (Though don’t count on it, as superstition seems to be part of his new plan.)

Congrats, Schneider. Hopefully yesterday will not be remembered as your best day of the 2009 WSOP!

World Series of Failure

No more Tom twitters until …

by , Jun 18, 2009 | 8:01 am

I feel kinda bad (not really) for crushing Tom’s soul. But I was hearing the same story from him as I’ve heard from at least a half-a-dozen other pros finding similar results: “I’m playing great! I’m making sick laydowns! My mental state is good! Just running bad. Cold cold cold. It’s getting frustrating. But I’m playing some of the best poker of my life! Jesus, [everyone else] is just getting lucky!”

Yeah. Uh-huh. That’s gotta be what it is … it’s clearly not possible that the deadest money on the table is someone who thinks they’re playing their A-game but isn’t compared to everyone else. In an effort to get a semi-retired Pokerati blogger and my best pro pal to consider shifting gears, I sent him the net-results rankings for everyone who has played in the 2009 WSOP under the Team Pokerati banner:

1. Gregg Merkow
2. Cliff Fisher
3. Robert Goldfarb
4. John Harris
5. Julie Schneider
6. Pat Poels
7. Shoegal
8. Tom Schneider

I then reminded him that the guy who picked him to be on his ESPN Fantasy Team (Gary Wise) is in dead last place. (Ha ha.)

You get the gist. The numbers don’t lie repeatedly. So while “playing some of the best poker of my life!” … not only is the DonkeyBomber something like 0-for-13 in cashing in tournaments, but also he hasn’t even made a Day 2. So before he finds himself trying to trade jewelry with Eskimo Clark for a satellite buy-in, he has decided to change his game says he will no longer be twittering until he bags chips for the first time in the 2009 WSOP. Good gameplan.

Click here to see the beginnings of a first-half WSOP fail regaled in increments of 140 characters or less. We’ll see if Tom returns with a vengeance or if his twitter account, along with his poker career, fades into oblivion.

Poker Reality Twittering

by , May 19, 2009 | 6:47 pm

Matt at PokerListings (or should we be saying @_Pokerlistings_?) directs us to a fun Twitter feed to follow: Jean Robert Bellande’s — aka @BrokeLivingJRB.

Tales of a, er, stability-challenged(?) degen burning his bankroll down to $200(!) … but not before boozin’ it up at Vegas nightclubs … all in 140 characters or less.

How can you not wanna follow that, especially during the WSOP?

Fiery Scare, Temporary Death for a Special (to Me) Casino

by , Mar 21, 2009 | 5:04 pm

photo: Alex Garcia/Chicago Tribune

The Empress Casino in Joliet, IL, and its poker room of course, had to be evacuated yesterday as a big fire threatened to turn the first casino I ever gambled in to ashes.

At age 19, a couple of my Northwestern classmates and I would skip a few classes sessions of Super Mario and make the trek to Chicago’s outer suburbs … (I can’t remember if you only had to be 18 to gamble or if we used fake IDs) … and we all know where things have gone from there. When the Empress opened in 1992, you used to have to pay $12 to go on a “cruise” … i.e. the boats would leave the dock for about 10 feet. We were so excited to learn, after a few trips, that we could be playing enough $5 blackjack to get the pit boss to “comp” us another cruise ticket, and eventually we didn’t even have to stop playing or get off the boat! Ahh, our first taste of the high-roller life.

This is also where I was introduced to the concept of “a chip and a chair” when I once took my last $10 and put it on the 5-to-1 on the Wheel of Fortune and eventually left the casino that day up about $200, which was an absolute mint back then. It is also where I was exposed to (but didn’t quite get) the concept of bankroll management when my girlfriend at the time kept coming over to a blackjack table where I was winning and grabbing $30 or $40 every so often. I was pretty pissed at her by the time I ultimately went bust, thinking she blew my wad on slots little by little … but much to my pleasant surprise she was just pocketing the money, and when I later moaned to her about the bad beat I took with an 11 against the dealer’s 6, she was totally nonplussed and pulled out $265 that she had stashed away, telling me, here, this is yours … to which I responded “I love you”.

I Am a VIP (with Money) at UltimateBet

by , Feb 26, 2009 | 2:55 pm

Generally found money is great money, right? I just got an email from UB telling me I have $219 in my VIP account. I haven’t played there since I went bust for all but $8 one day a couple years ago … took that $8 over to the blackjack table and turned it in to $1,000 in 20 minutes and got away with still $800 … then proceeded back to a couple 2/4 NL tables and lost it all in a couple hours.

Anyhow, a little curious to figure out where that money came from — I don’t remember playing Russ Hamilton, but ya never know — but will feel dirty installing the software on a new machine.

UPDATE: Installing UB for Mac apparently isn’t one-click easy. For now I’ll take it as a sign not to mingle with the site.

The Poker Economy

by , Feb 17, 2009 | 4:13 pm

If you haven’t voted (a few times) already, be sure to check out our current sidebar poll … Currently we’re wondering how your poker play has changed in Q1 2009 from, say, Q1 or Q2 2008, back when 11-figure numbers seemed really big.

I actually asked this question in mid-December — how has the current economic climate affected the poker economy? — to all my bestest poker pro friends and any others whose email addy I pilfered off someone else’s semi-spam. Because you know, there aren’t too many professions where the “players” carry around the equivalent of a car in their pockets and keep a house in their Bellagio box.

I got only one response (I see how it goes Tom and Clonie) … from Daniel Negreanu (whom frankly I hardly know):

I don’t think it’s affected the poker community all that much yet, outside of the tournament circuit which is seeing a decrease in numbers that I think it directly tied to the economy.

I’m not sure I fully agree with him, but I can say that these don’t sound like words coming from a guy who’s going broke, as PokerNews has insinuated.

Anyhow, click a sidebar bubble and vote. I’m curious to know how off-table circumstances have affected your action on the felt.

How to Build a Bankroll …

by , Feb 9, 2009 | 1:20 pm

In Las Vegas, there are lots of opportunities to replenish, even in these difficult economic times:

While this is kinda amazing just because it’s in a mainstream paper … 10 minutes of work to earn a standard 2/5 NL buy-in? I gotta think Tbonezzz will be considering it if he doesn’t cash in today’s Venetian Deep Stacks event, which he qualified for via satellite.

Ready to Play Big

“I’m prepared to lose a lot of money”

by , Dec 21, 2008 | 4:07 pm

Worthy opponent or dead money? The youngest WSOP main event champ in history.

Caught up with Peter Eastgate, 23, as he scoped out the $400/$800 NLH action at the Golden Nugget yesterday … The reigning WSOP champ goes into today’s HSP game down $100k — if you consider the results of a warm-up session at Bellagio (against Daniel Alaei and Bryn Kenney) part of the same trip — and speaks about what it’s like to play with a freshly inflated bankroll against more experienced players in bigger games than you’re used to.

Curiously enough, the guy he really fears at this table is the only dude younger than he is — 22-year-old (Fort Worthian?) Tom Dwan, aka durrr.

Peter Eastgate, Las Vegas

Dead-Tired Money

by , Dec 14, 2008 | 3:51 am

A lot of poker people are in town for a lot of reasons — the big blogger tourney at Venetian, and the $15k pro event at Bellagio, to name two. Apparently Donkey Bomber is hitting the meth again, as the self-proclaimed bankroll management and mixed games expert calls in after a long-ass high-stakes session binge and seems happy to report how he turned $800 into a $48,000 loss.

Unstuck? (feat. Tom Schneider)

No word on whom he was playing against, but either way … Well done, Tom. I’m sure Julie is proud of your amazing comeback. Keep at it.

RE: The River Gets Underway

by , Aug 17, 2008 | 12:29 pm

Defending Champ: Sure, I may have gotten lucky on the river, but hey, I had the best hand going in!

So what do you do after beating TJ Cloutier to win $230k? That’s not exactly lottery money, after all — especially after taxes — but it was enough to (kinda) change the life of Vik Vijay, the Oklahoma poker dealer who won the 2007 Red River Roundup (now called, more elegantly Oklahoma-y, The River) and then delivered on his post-victory promise to quit his job and move to Las Vegas with highly energized bankroll in hand. Since then:

hey dan –
yeah, im headed down to winstar next week to defend – ive got the last starting day – thursday the 21st. hopefully it will go well. the last year has been interesting – i moved to vegas and have mostly been playing. i worked at the venetian this summer, dealing poker for their summer tournament set, but they didnt keep any of us on for anything regular. the poker has been going well, but i really got to lay off the blackjack. other than that, life is pretty good.

-vik vijay.

Slice of WSOP Life: Indefinite Leave to Remain

by , Jul 14, 2008 | 4:34 am


This weekend wasn’t about life-changing money so much as it was about life-easing money for those who went super-deep (top 1 percent), but not deep-deep-deep in the main event: Margo Outhred reading David Sedaris’ latest (When You Are Engulfed in Flames) while awaiting important updates via text from her husband Alex. Though supposedly tournament poker is all about going for the win, there were points when he got short-stacked that she became very interested in the payout levels, and would rush back into the Amazon Room to let him know what they stood to gain if he could hold on for X spots longer.

63rd-55th place paid $115,800

WSOP Academy instructor Alex Outhred finished in 54th(-46th) for $135,100 — a small but noticeable victory on his way out of the 2008 WSOP main event.

Breaking Down the HORSE Field, Part 3

by , Jun 27, 2008 | 11:51 pm

For some reason or another, the following 52 players participated in the $50k HORSE event last year, but not this year. Some of these names, of course, are more interesting than others:

Ariel Schneller
Bart Hanson
Bill Edler
Bob Feduniak
Carlos Mortensen
Charles Kaelin
Chip Reese
Chris Gentile
Cyndy Violette
Daniel Shak
Darrell Dicken
David Pham
David Sklansky
Erik Seidel
Gavin Smith
Harry Thomas
Jack Zwerner
James Owens
Jason Lester
Jeff King
Jerri Thomas
Jerrod Ankenman
Jesse Jones
Joe Tehan
John Cover
John Duthie
John Kabbaj
John Phan
Josh Arieh
Keith Lehr
Kirk Morrison
Kristy Gazes
Luke Neely
Marco Traniello
Mark Tenner
Mark Vos
Matt Lefkowitz
Maureen Feduniak
Meikle Partin
Neal Friets
Nick Frangos
Phil Laak
Q Knopow
Sam Farha
Sam Grizzle
Shih-Ping Sun
Ted Lawson
Tom Franklin
Tony Cousineau
Tuan Le
Victor Ramdin
Vladimir Troyanovskiy

Breaking down the HORSE Field, Part 2

by , | 11:07 pm

The twins-separated-at-birth concept between the 148-player $50k HORSE fields in both 2007 and 2008 have me playing around like crazy with spreadsheets …

52 players in the 2008 $50k HORSE did not play in 2007 — those currently still alive (with 36 players remaining) in bold:

Aaron Katz
Alexander Kostritsyn
Billy ‘The Croc’ Argyros
Brett Richey
Brian Rast
Bryan Colin
Chris Bjorin
Chuck Danielsson
Dario Alioto
Dario Minieri
David Bach
David Woo
Diego Cordovez
Doug Ganger
Edwin Ting
Frank Kassela
Fu Wong
George Lind
Hoyt Corkins
James Mackey
Jamie Pickering
Jan Von Halle
Jason Gray
Joe ‘Tall’ Bunevith
Joey ‘bigjoe2003’ Michael
John Monnette
Jose Luis Velador
Katja Thater
Keith Sexton
Layne Flack
Lee Markholt
Loi Tran
Marc Goodwin
Markus Golser
Matt Glantz
‘Miami’ John Cernuto
Michael Binger
Michael DeMichele
Mike Fiorito
Mikhail Ustinov
Paul Fisher
Perry Friedman
Phil ‘OMGClayAiken’ Galfond
Philippe Rouas
Ram Vaswani
Raymond Davis
Shawn ‘Sheiky’ Sheikhan
Shunjiro Uchida
Kirill Gerasimov
Marcel Luske
Tom ‘durrrr’ Dwan
Tom McCormick

Noticeably Smaller HORSE Field

by , Jun 25, 2008 | 5:32 pm

Cards are in the air, and though you technically can still buy in, the $50k HORSE event starts with 115 players. But we knew that was gonna be the case, right? Not a comment on the popularity of HORSE as a game, but just on the state of the poker economy at the top levels of the poker pyramid.

Some will suspect, I am sure, that this 20 percent drop in field size could be a foreshadowing of what’s TK in the Main Event … but I don’t think so. There’s a big difference in a poker player’s ability to get their hands on $10k for some No-Limit Hold’em and $50k for Crazy Pineapple.

To that extent, the 2008 dip probably does more to enhance than it does hurt the HORSE event’s prestige.

UPDATE: I now count 135 players. Gettin’ up there, but surely not going to pass last year’s totals in the next couple hours, right?

UPDATE: They’re up to 140.

New prediction:
the HORSE numbers this year, like so many other events, will be roughly the same as last year — either a little bigger or a little smaller — just took a few folks a little longer to buy in than before, for whatever reason.

UPDATE: Crap, wrong again on this … turns out to be not a little bigger, nor a little smaller, but the exact same size as last year, with 148