WSOP Recap II

When we last left our hero he was battling the forces of doom and it looked like he was down but not out! Actually we knew he would eventually be down and out, but we didn't know exactly how it would happen.

The night before the $1,500 limit event I was at the Paris with Jean and E.B. playing Pai Gow and trying to turn my luck around. Jake and Chrissy had just left for the airport and while I was having a good time I was worried about blowing even more money playing stupid casino games. I decided to let the gambling gods give me a sign! To this point I had ignored the signs from the gods which in huge neon lights the size of the Titanic all said "STOP GAMBLING!!!" While I was busy covering my eyes to avoid reading those signs I was also repeatedly thinking the mantra of all losing gamblers, "It has to turn around sometime!"

But now I was looking for a real sign. Instead if betting $25 on one hand I went to $50 on each of two hands. I decided if I won both hands, I'd finish my drink, order a shot of whiskey and take one last gasping, hacking, coughing attempt at winning back some of my money. If I lost both, I'd call it a night and leave with whatever money (and dignity) I had left. I got one terrible hand, and one OK hand, but they both got squashed by a monster hand from the dealer. Horsefeathers!

I made my way back to Harrah's and was in my room by 8 p.m. I had the thought that if my 21 year old self was there he slap me in the face, pour a bucket of ice down my pants, and give me an atomic wedgie. He'd say, "You're in Vegas, you fool! It's only 8 o'clock! Why aren't you out there gambling and drinking!" And I'd say, "But, I'm tired and I have a tournament tomorrow and..." SLAP! "You're not 77, you're 27! Now get out there and booze it up! You've got money in your pocket don't you? I never stopped gambling until I was on the plane back to California or I didn't have a penny left on me. Don't you know it has to turn around sometime?"

Anyway I woke up well rested and headed off to the Rio to play my 15th career WSOP event. When I sat down at my table, I noticed Rafe Furst who has 1 WSOP bracelet was sitting two spots to my left. I'd never played against him before and I hadn't seen him play on TV so I didn't really know what to expect, but it turns out that while I was there he was playing a very conservative style and didn't give me any trouble.

I got a fair number of playable hands early and ended up taking my stack from 3,000 up to about 5,000 sometime during the 3rd level. But by the end of the 4th level I was back down under 3,000. When we got back from our second break a little more than 4 and half hours after we started, I knew I would need to make some progress soon.

Around that time a new player got moved to our table. I got the vibe that he was a strong and accomplished player and it wasn't until I was leaving the tournament area later and picked up a bluff magazine that I figured out who he was. He was on the cover with 7 or 8 other players (Doyle Brunson, Jennifer Harmon, and Phil Ivey to name a few) with the headline "Players to Watch at this Years WSOP." It turns out it was Jeff Madsen who won two bracelets last year and in the process became the youngest player in WSOP history to win an event.

When Madsen sat down he said hello to Rafe Furst and within seconds they'd agreed to a $100 best two out of three rock, paper, scissors match. While the dealer was shuffling, bang, bang, bang they knocked out three rounds and a $100 bill came flying across the table to Rafe. I find it interesting to be around people who bet three digit amounts on stupid shit like rock, paper, scissors. Doing that kind of thing has never appealed me, but I find it interesting none the less.

It turns out that the tournaments were maybe the least interesting part of the trip from a blogging standpoint. I had a few hands go against me in unspectacular fashion and I was out. I didn't feel bad about it, because I knew that I had played my best. Not just pretty good, or OK, but my actual best. I was focused, I wasn't the least bit nervous and I felt almost positive that every move I made was the right one given the circumstances. It just didn't work out. For better or for worse, that's poker.

WSOP Recap (and massive complaining)

First of all, thanks to Jen for the updates that she posted to the blog. Not surprisingly I wasn't in the mood to rehash the details of my defeats right after they happened.


If I had to sum up my trip to Vegas in one brief phrase it would be: IT SUCKED! In the past 6 years I've made roughly 15 trips to Vegas, 10 gambling trips to Reno or Lake Tahoe, and 2 trips to Atlantic City. I have NEVER had worse luck. I've had trips where I lost more money on the whole, but I've never lost so much betting so little.


When it comes to gambling on stupid casino games I am a realist. I know in the long run I am going to lose. In fact I can probably tell you more about the math of exactly how much I can expect to lose over a given period of time with a given bet size than anyone you know. I've decided the entertainment value is worth more than cost, but man I have never had a trip where I've been so universally screwed. Not once in the 5 days that I was in Vegas did I leave any table with more than I started with. No matter how bad things are going, you should run into a little streak of good or even average luck somewhere.



I'll try not to bore you too much with the details, but I will point out a few of the low lights. The game of choice for our group is Pai Gow Poker. I won't explain too much about it, but the important point is you're playing against the dealer and it's a very slow game (speed is your enemy in the casino) with a small house edge. In this game 28.61% of the hands the player will win, 29.91% of the hands the house will win and 41.48% of the hands will be a push (or a tie) and no money changes hands.



When we made it to our hotel (The MGM) around midnight my good friend Chrissy and I immediately sat down at the Pai Gow table each with $500 and each betting $25 a hand. By 2:30 we were both down to the felt. At a Pai Gow table you get dealt 25-30 hands an hour so at most we saw 75 hands. If you played an infinite number of groups of 75 hands on average you'd lose 1.84 betting units. Yet somehow we managed to both lose 20 betting units (well over 10 times the expectation) in that time (it's not surprising that we shared the same fate since while we each have our own hand we're both playing against the same dealer hand). This was pretty extraordinary.

I lost $300 playing at a $5 craps table in about 45 minutes. Enough said.


In another Pai Gow session at The Mandalay Bay I sat down and immediately lost 6 hands in a row with no wins and no ties. The chance of losing 6 in a row like that are 1 in 1397.



Now that I've got that out of the way I can talk about the poker aspect of the trip. I got to Vegas late Thursday and my plan was to head to the Rio on Friday to sign up for my first tournament which wouldn't start until Saturday at noon. I knew from past experience that the line to register for tournaments is crazy in the hour or two before the event and I wanted to bypass that entirely.



After that my plan was to head to Treasure Island to meet with the folks from pokerstars. Since I paid for one of my entries with FPP's I had to sign a contract and pick up a load of Pokerstars gear which I was supposed to wear during the tournament. In order to ensure that I did what they wanted, pokerstars only gave me 85% of my buy in initially and once I proved that I actually played or was going to play in the event (by showing them by nonrefundable tournament entry card with my name and the event # on it) they gave me the rest.



Unfortunately when I made it to the Rio, I discovered a line so long that looked like they were holding American Idol auditions inside. Some people were sitting in chairs that they'd found someplace which to me meant that not only was the line crazy long, but it was also slow. The slowness made no sense to me since last year the longest I had to wait to sign up for an event was about 20 minutes and even then the line was moving quickly. I decided that my best bet was to wait until the middle of the night or early the next morning and come back. I had my fingers crossed that there was some reason other than massive incompetence for the delay and whatever it was would get resolved quickly.



So I went on with my general misfortune had a bunch of drinks and went to sleep by midnight. At 3:30, POW! I was wide awake. So I decided to head over to the Rio, sort out my business and then head back to the MGM for some more sleep. When I got there I saw that while the line was shorter, it was still fairly substantial. I went to the front of the line and asked one of the guys standing there how long he'd been in line. Immediately a half dozen people chimed in, said that it had been three hours and talked about how pissed they all were. To make it worse one of registration windows had just closed leaving only 4 left, meaning it could take even longer to make it through the line. If it had been my first year at the WSOP I would have manned up and waited, but for my 14th career event it wasn't worth it.

The next day (Saturday) I decided I would just have to brave the line and sign up. While the rest of the gang went to dinner I headed off to the Rio to wait for hours in a slow moving line. When I walked in the door and looked down the loooooong hallway to where the end of the line should have been I didn't see anything. So far so good. I turned a corner and still didn't see anything. Great! Then I walked into the tournament area and right up to the cage where there were THREE OPEN WINDOWS with people waiting to sign me up! It was like a Christmas miracle. After planning on skipping dinner I made it back to The Mandalay Bay where I'd just been 20 minutes earlier and sat down at dinner before anyone had even ordered.


I'd had a couple of snifters of Grand Mariner starting about 3 in the afternoon so after dinner I was ready to call it a night. We all made it back to the MGM and while most of the group hit the tables I watched a movie in my room by 10 p.m and asleep a little after midnight.

The next day I got up started my parade of visiting 5 hotels in 7 hours, 4 of them with my luggage in tow. I left the MGM (#1) a little before 11 (While waiting in the cab line I did see a guy who I can only assume was crazy rich or who just won a ton of money or both get into the back of a shiny new Maybach and tip the bell hop $100 for putting his two bags in the trunk). I made a brief stop at The Treasure Island (#2) to meet with the pokerstars people who gave me a very nice set of two shirts, a hat and a jacket which went directly into my suitcase where they remain at this very moment. I got a splash of VIP treatment when one of the people in the makeshift office told me that because I was a P0kerstars Supernova if I wanted to eat at a particular restaurant in the Rio anytime during the WSOP they she would make reservations for me or if I was in a hurry I could call her ahead of time and she'd order me whatever I wanted ahead of time.

Then I hauled my ass (and my suitcase) over to the Rio (#3) where I dropped my stuff off in my friend Matt's room. The I actually played in a poker tournament. Crazy I know. Interestingly enough the poker tournament was totally uninteresting. I think Jen did a nice job of summing it up. I was at a great table with a bunch of week players for about 2 hours where I ran my stack up to about 5,000 after starting with 3,000. Then I got moved to a new table with better players and ran into two tough spots.

On the first hand that led to my demise I had 4,500 chips with blinds of 75/150. Two players called the 150 chip big blind, I looked down at KK and raised to 600. To my surprise the first player who just called the big blind reraised all in to 1,800. Of course I called and was not please to see that my opponent had the only hand I was worried about - AA. I lost that hand and was back under where I started.

I dribbled away chips for a while and found myself with about 1,500 on the button with blinds of 100/200 when the following hand came up. The first player to act, who was probably the worst at the table made it 600 to go. The next player to act who was a very tight player immediately went all in for about 2,000. I could tell he really liked his hand, but when I looked down at QQ I knew I couldn't throw it away when I had a stack that was about 1/4th of average. The player in the small blind who had been left with around 300 chips after losing the previous hand called and after about 60 seconds of thought the original raiser also called. The small blind turned over 99, the original raiser turned over K-10 and sadly the other player turned over AA. When the flop came with three spades I was left with only one card in the deck that could make me the best hand. Unfortunately a 4th spade came out on the turn and the player with K-10 made a flush with the K of spades and took the whole pot.

I trudged over to the tournament registration area, signed up for the next day's tournament and after getting my bags from Matt's room I left the Rio. After waiting in yet another cab line I headed to Harrah's (#4) and checked in to the room I'd be staying in for the next two nights. After a quick turn around I made about a 10 minute walk over to the Paris (#5) to play some more Pai Gow with my friends.

I'll pick up here in my next post (this one is getting crazy long!) which should be coming in two or three days (I'm very busy tomorrow).

Bad News

Well, Dave got eliminated. I didn't hear any of the story because I was at the grocery store when he called. He changed his flight to come home tonight instead of tomorrow, so he'll probably be telling you all about his trip tomorrow morning.

Update

Dave just called in on his second break. Over the last two hours he's built his stack up from $2800 to $2825. Ha! When they go back after the break they'll be playing $200/$400 so he's starting to get a little short stacked, but is still just one hand away from being comfortable. He says he hasn't had a decent hand in an hour, so if he can just get one or two good hands things should start to turn around.

Poker Pages posted the payout structure, here it is:

1st	$280,715
2nd	$177,627
3rd	$114,278
4th	$75,771
5th	$53,412
6th	$40,991
7th	$30,433
8th	$22,359
9th	$16,148
10th-12th	$11,552
13th-15th	$10,310
16th-18th	$9,068
19th-27th	$7,826
28th-36th	$6,708
37th-45th	$5,714
46th-54th	$4,844
55th-63rd	$3,975
64th-72nd	$3,292
73rd-81st	$2,795
82nd-90th	$2,360

The next break will be the dinner break, and that will be around 6:45 or 7. Hopefully we don't hear anything until then!

Event 06 - $1,500 Limit Hold'em

I just got off the phone with Dave, who is on the first break of today's event, Limit Hold 'Em, which started with 910 players. Limit moves a lot slower than No Limit, so not too much has happened so far. He started with $3000 in chips and now has about $2800. When he gets back from break the limits will be $100/$200.

Here are the live update links:

Card Player
Poker Pages

He says he likes his table a lot, and is playing with Rafe Furst, who he says is a nice guy.

Eliminated!

I just got a call from Dave saying he got eliminated. I only got the short story, which was that he lost half his chips with KK against AA, and then the rest with QQ against AA. Yuck! I'm sure he'll have more to tell you about it later.

Event 04 - $1,500 Pot Limit Hold’em

Dave successfully got registered in today's event which started at noon (PST).

According to cardplayer.com there were about 900 entrants, which is a little smaller than last year. Dave just gave me a call on his first break saying they started out with 3,000 in chips and he had gotten up to around 5,000 but has since slipped back to around 3,500. All in all, he says things are going well and he'll update me again in a few hours.

Here are some sites with live updates of the action:
Card Player
Poker Pages

They usually talk about big hands between famous players and will give you some updates on how the limits are going up and about how many people are left. At some point they should post what the prize structure will be which will tell us how many people they need to play to before ending the day.

First Tournament - Cancelled

Hello, this is Jen!

Dave wanted me to put a post up to let you know that he ended up not playing in today's event. He went to the Rio yesterday to sign up and apparently the line to register was hours long and not moving at all. He decided he would rather just get this morning around 8 and sign up then. He woke up this morning feeling awake at 4 for no particular reason, so he headed back over to the Rio planning on signing up and then coming back to the MGM for a few more hours of sleep before the tournament. When he got there he found out the wait would be 3-4 hours. Wisely he decided that he would not be playing his best poker after getting so little sleep and standing in line all night long, so he is skipping today's event. He's hoping they can work out whatever bugs they're having and he's going to return this evening or early tomorrow to sign up for the next event.

WSOP Preview Extravaganza!

On Thursday May 31st I'll once again be heading back to Vegas to take a shot at a high six figure pay day in the World Series of Poker! As most of you know last years WSOP was the reason that I started this blog and was a collosal, monumental, extra large failure. I played 10 events, and while I like how I stacked up against the competition in most of them, I got hosed in one way or another in all of them.

Even in the one event in which I made the money I got jobbed. On my final hand I went broke when the player in the big blind (Michael Mizrachi AKA The Grinder supposedly one of the top 25 best players in the world) called wiht AJ after the player on the button moved all in with 77 and I moved all in over the top with KK. Even before the cards were turned over he said he knew he was behind, but was "gambling" in an attempt to win a big pot. Of course he flopped an ace and busted both me and the other guy. And then what did he do? He went broke on the very next hand! I had to stand there in line to get paid with him standing right behind me for ten minutes!

I'm getting all worked up here so before I get too carried away and start devising a plan to pie Mizrachi in the face I'll get on to this years preview and leave the past in the past. This year I'm only playing in 3 events and here's the scoop on all three.

June 2nd Event #3 $1,500 No Limit Hold 'em

Other than the main event this should be the event with the most newcomers and inexperienced players since it's got a small buy in by WSOP standards and is the first event other than the employees event and a $5,000 mixed limit/no limit event event. Last year there were 2,776 entrants and there would have been more if the room was bigger. I finished somewhere in the range of 2,100th place when I lost with AA against KQ (an 87% favorite preflop). I expect this year will have a similar turnout and hopefully better results for me. Here is a list of the top 20 finishers and their prizes.

1 Brandon Cantu (BC, Canada) $757,839
2 Phong Ly (CA, USA) $416,816
3 Drew Rubin (FL, USA) $226,597
4 Lee Padilla (CA, USA) $176,579
5 Brent Roberts (NY, USA) $151,570
6 Don Zewin (NV, USA) $126,940
7 Ron Stanley (NV, USA) $107,614
8 Mark Swartz (AZ, USA) $88,668
9 Carlos Mortensen (NV, USA) $71,617
10 Tom Nguyen (NV, USA) $56,081
11 Jennifer Harman (NV, USA) $51,155
12 Jack Rosenfeldt (CA, USA) $46,987
13 Ali Eslami (CA, USA) $43,197
14 Chad Burum (CA, USA) $39,408
15 David Baker (TX, USA) $35,619
16 Adam Smith (TX, USA) $31,830
17 Steve Hohn (KS, USA) $28,040
18 Stuart Krasney (CA, USA) $24,251
19 Jorge Walker (CA, USA) $20,462
20 Paul Smith (CA, USA) $20,462


June 3rd Event #4 $1,500 Pot Limit Hold 'em

If you were betting on which tournament I was most likely to make the money in this would be the smart one to choose since both of my past WSOP cashes have been in pot limit events. I'm not sure why that's been the case since pot limit and no limit are almost the same once you get well into the tournament and the blinds get big, but maybe it will give me a little extra confidence when I sit down to play. Last year there were 1,102 entrants in this event and I finihsed 58th. Other than the money, the highlight of this event last year was I spent the entirety of day 1 playing at the same table with former world champ and super nice guy Chris Fergeson. I don't know why people dislike pot limit and love no limit, but I'm sure this event will have half the turnout of Event #3. Here are the top 9 finishers and their prizes from last year.

1 Rafe Furst $345,984
2 Rocky Enciso $180,508
3 Eric "Rizen" Lynch $104,544
4 George Bronstein $75,212
5 Burt Boutin $60,169
6 Can Kim Hua $52,648
7 Richard Chase $45,127
8 John Juanda $37,606
9 Alan Gilbert $33,845


June 4th Event #6 $1,500 Limit Hold 'em

The best thing about limit tournaments is you can't go broke on one hand early in the tournament. The first few hours can be a little boring since the betting limits are relatively small and insignificant, but hopefully it will give me a chance to get a feel for my opponents without much on the line. Last year there were 1,068 entrants in this event and I didn't play because I was in day 2 of the pot limit event. Here are the top 9 finishers and their prizes.

1 Kianoush Abolfathi $335,289
2 Eric Buchman $174,938
3 Josh Schlein $101,318
4 Michele Lewis $72,891
5 Vipul Kothari $58,313
6 Hank Sparks $51,029
7 Patrick Maloney $43,735
8 Lars Hansen $36,446
9 Matt Welsby $32,801


All three of these events are three day events. The first day you play from noon until roughly 2 a.m. with 20 minute breaks every 2 hours and a 1 hour break for dinner in the 6:45 p.m. range. At the end of day 1 all of the remaining players will be in the money. On day 2 you start at 2 p.m. and play until only the top 9 players remain who then come back the next day for the conclusion.

Unlike last year when I needed to go very deep in at least one event or make the money in 3 or 4 consider the trip a success, this year just making the money in one event will make the trip a success. Also in contrast to last year, I'm not feeling any pressure at all. The money involved is a small fraction of what was at stake last year and as per usual when I go into a big buy in event the money has already been set aside and it won't be a big deal if none of it comes back. Wish me luck and I'll do my best to update the blog daily with results from Vegas.

What a Difference a Day Makes

On Saturday I had my worst day of the year so far. I took Sunday off and on Monday I got back all but $11 of the money I lost on Saturday. I've noticed that I have a much more difficult time with the weekend players. I am certain that the weekend players are worse and you'd think that would make them easier to beat, but in practice that hasn't been the case for me.

I have a few theories as to why that might be. I think the main problem is that two pillars of my game are bluffing at a ton of small pots and avoiding putting in all of my chips in close situations. The weekend players have a tendency to call with much worse hands so those small pots that I'd normally win aren't coming my way. Furthermore players who aren't very good, but have some experience have a tendency to make big bluffs more often. Consequently I'm faced with more tough spots where I have to make a decision for more chips than I'd like to.

Another problem is that one of my strengths is playing hands in a certain way and betting specific amounts in order to convince my opponent(s) that I have a specific hand that is different from what I actually have. The regular weekday morning and afternoon players are pretty good (but not great) so they spend time thinking specifically about what I have. It's possible to convince them I have a perticular good hand when I don't and a bad hand when I have a good one. Conversely, you can't make a bad player think you've got something different than you do because they're not thinking that hard. They're mostly focused on what they have and sometimes it doesn't really matter what you do.

Or I'm just running bad on the weekends. It's really difficult to tell.

Meanwhile the pokerstars double frequent player point (FPP) promotion ends today. I have mixed emotions about the ending of this promo. I'm sad that after a week and half of piling up FPP's at an insane rate, I'll have to go back to generating them at a slower pace. But I'm happy that I can take a guilt free day off in the middle of the week.

After a sweet day yesterday and another good one today the last 10 days have been a solid success. I didn't make it to my upper end goal of 30,000 hands in 10 days, but I came within a whisper of my secondary goal of 25,000 hands. If I didn't get my doors blown off on Saturday I would have played on Sunday and finished in the 28,000 hand range, so I feel ok about how hard I worked.

More importantly I used the FPP's I earned in the past 10 days alone to purchase an entry in a $1,500 WSOP event! The rewards for playing at pokerstars are hands down the best of any poker site. For playing the same amount on another site I'd probably have enough points for a sweatshirt and a box of golf balls. You can keep that shit! Give me the WSOP seat baby!

My goals for the month are going great. Since I worked so hard this past week and a half I've already played 45,000 hands this month. Out of the remaining 9 days in the month I'll only have to work 5 to make my goal of 60,000. Also the hands that I've played have been quality hands. If the month ended today I'd be ahead $1,200 more than any other month this year and if I can keep the pace up I'll have about the 6th best month I've had in the past 4 years.

Also a reminder that I'm off to Vegas for 5 days of WSOP and general merriment on May 31st. Look out for a WSOP preview extravoganza the like of which you've never seen! Not really. In actuality it will be a brief preview, but look out for it anyway!