Monday, June 5, 2017

i played a tourney, (second one this week) usually i do 2-4 every wsop but the smaller ones downtown

well i dont feel like i should be playing any more tournies on my own dime, because i dont have the bankroll to make it thru the variance before i start cashing in them, and when u do cash, its likely for a small amount than a big one. the problem with tournies is they just DO NOT PAY ENOUGH SPOTS. u see, the tournies i played in the old days online pokerstars, (not counting PLO8 tournies) were the double or nothing, 1 table, half the field gets paid. i always wished they had them with fields of 100 people instead of 10 people. and any other tournies i didnt feel were worth playing because it was too hard to reach the final table. then of course i discovered triple up sngs on ignition which pay 33% of a 9 player field, but id still prefer large fields instead of 1 table. i think somewhere i heard a live casino paid 25% of their players in an event or several events once, but i dont know where it was or if it was in vegas.

people who strictly play satellites which could pay out like 20% or more of the field, (with no intention to play the tourney itself, but to sell it) make money similar to this. so there are at least some people who agree that more people should be paid.

at least 120 of the 159 entries busted out before me in the mixed stud8 omaha8 event in the nugget. so its hard to feel i did poorly, yet i didnt get the money. after running it up from 15,000 starting stack to still being only 18,000 on level 12 break, to 54,000 by level 14 dinner break, to then 73,000 right after sitting down, within the next 45 minutes it quickly went to nothing and bustout when some powerful draws missed. blinds were 3000-6000 in omaha and bets were 3000-6000 in stud8 so its not that many chips. then it went to 4000-8000 before i went broke.

so this is why i said practically everyone but the ones with enough chips to make the final table (last prize money of $436 for 16th, etc) up to i think over $7,000 for first, would been better off chopping 40 ways of over $750 each. now i know this would never happen, but its idiotic for people who should know better to say on twitter that it wouldnt have benefitted the vast majority of the 40 who were still in. $500 profit is very good, considering only about 5% of the working class earns this on their jobs. nor do most poker players, less than 5% of the people who play for a living average $500 a day. even good $2-5 NL players only earn $35-50 per hour. as proof im right, if flush draws tourney wouldve had a flat prize pool of $750 each of the final 40 people, think how much better off he would be now. he too came within striking distance of the money, too bad we missed.

so i dont see why so many thought my statements incorrect on twitter. ive got too many rich guys with money and jobs reading it who dont play for a living and not enough grinders who depend on it to live. u always need to do whats best for ur bankroll, not to go for first only. otherwise why not just buy lottery tickets where only 1 guy wins it all?

15 comments:

  1. Tony

    A lot of people play poker for the fun of it. Playing for many hours to chop 40 ways is not fun. People play tournaments to try and win big money, not 2x their stake.

    Good luck going forward

    Paul

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  2. Tony, for once, people posting comments are right. Your argument that if people were smart, they would chop every tournament 40 ways, is ridiculous. There are many stacks who would be hurt by an even chop among all the players at that stage. Even if you were to construct a deal where everyone gets paid their exact equity in the tournament, I would not consider it irrational for someone who thought it was worth showing up in the first place, to decline such a deal at any stage of the tournament. People who feel they can outplay their opponents deep in the tournament where they are more comfortable playing for higher stakes than the field could be yielding the majority of their edge in taking whatever deal you think 40+ people could somehow agree to. You are arguing from the fallacy of sunk costs. There is no reason to account for having obtained 500$ of tournament equity which is "a good day's pay" when computing whether or not to agree to a chop. QED

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  3. People enter tournaments with the hope of a big score and the thrill of a win. Your idea of the massive chop is clearly one of a person who plays cash games - come out ahead.

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  4. Your knowledge of EV might be limited to knowing what the abbreviation stands for. It's not +EV for the 5th place chip leader with a skill edge over a big portion of the field to chop 40 ways for equal money.

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    Replies
    1. who claimed it was? i said those likely to make the final table wouldnt agree to chop. but the vast majority of the others greatly benefit and should wish to

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    2. The real question is, why would YOU want to chop that early?

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  5. Tony, do you have citations for your statistics? I'd like to review the source materials. Thanks.

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  6. I don't know how to tell you this man but POKER IS VARIANCE. If you want to make an income and avoid variance, do as so many others do: get a job. You have zero control over what the cards are going to do. You have only control over what YOU are going to do. Of course you are going to ignore my comment because it's your MO to ignore people who are well meaning and try to tell you stuff. I mean Lightning and Koala and PPP for YEARS even before I came along tried to keep you on an even keel and you ignore them (and their IQ's put mine to shame) so I have no hope that these words will make it through your thick head. But look at Todd Brunson and other successful poker players. They didn't just keep their whole roll in poker. They diversified into real estate and small businesses because they KNOW about the variance in poker.

    It's a hard way to make an easy living and it's totally possible that you with your delicate sensibilities are not cut out for it.

    It's also unrealistic for you to think for one second that people will stake you in a tournament because you have no track record to speak of and have made derisive comments about the nature of tournament poker in the past. I would trade action with you if Flushhdraw and a couple of other people were in the trade but I would definitely not be tempted to sponsor you.

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    Replies
    1. back in years around 2010 our Hero had made some deep runs at the Binion's Saturday deepstack tournaments. Besides myself our Hero did have some other stakers. My luck though, not in the money but Tony did outlast me both times that i staked him. Final table payout a couple of times and might even have had a win back then? Fields of 100-200 players back then IIRC...

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  7. Tony:

    How did you do at Golden Nugget cash game last night? I am interested in playing while you're here, but the text at 11:30pm on a Monday night isn't going to work for me.


    s.i.

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  8. for those who live on the northeast coast and play regularly in these rooms, heres an interesting post someone made on 2+2 which got deleted by the mod in the harrahs ac thread.

    My name is Vincent Viani. I am a reg at 2/5 at the Borgata and Harrahs AC.

    I met a guy and his girlfriend at Harrahs. We clicked and they asked me if i wanted to move in with them in Baltimore, MD and play at The Horseshoe, Maryland Live, and MGM National Harbor. I agreed and emptied my safety deposit box at the Borgata and headed to Baltimore.

    Before I had a chance to get another Safety deposit box in the area, the guy I moved in with stole $23,000 out of my luggage. I did not have a choice and left to go back to the Borgata to rebuild my bankroll at 1/2.

    I don't know what I hope to get out of this post, but I want people to know who this person is and what he did. His name is Alexander Hugh. He was banned from the Horseshoe in Baltimore, but plays at Maryland Live, and MGM National Harbor.

    I realize that I made a huge mistake trusting this person but I did not expect him to rob me. If you recognize him or have any ideas as to what I should do, please send me a message.

    -----
    no idea whose being truthful here, but the whole world should know of this, without some moderator deleting it arbitrarily, putting others potentionally at risk.

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    1. I am Vincent Viani and yes this tragedy did happen to me.
      Here is a picture of the guy, if anyone sees him at Maryland Live or MGM.
      https://ibb.co/k679Av

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    2. Wow, that is really terrible. So what did the police say when you reported this?

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    3. Probably said keep your money in a bank where it's safe.

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  9. If your going to play blackjack off and on play til you get 30-40k then stop. Not worth it when you get up that high. Hope you still feel the sting ftom your last tumble. BJ's ( well that kind) THE DEVIL

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