A hand I played last week is one of those that keeps sticking in my mind, unsure whether my decision-making was sound.
Monday, May 07, 2012
Bill-paying, or not?
Posted by
Rakewell
at
7:27 AM
16
comments
Labels: remarkable hands
Sunday, May 06, 2012
Running it twice
I remember vividly the first time I heard about "running it twice" in poker. It was during one of the first episodes of "High Stakes Poker" on the Game Show Network, and I had no idea what they were doing until Gabe Kaplan explained it. After learning a bit more about how it worked, I decided that if I were ever faced with that decision, I would just run it once. Among other reasons, that's how Barry Greenstein did it, and he was the consummate professional, my favorite of the regulars on HSP.
Players commonly ask when deciding whether or not to make big calls all-in if the other player in the hand will run it more than once. This is an issue especially when you are trying to maximize your fold equity with a draw. Why would you want your opponent to know that you will run it more than once and not instill the fear that he could lose all of his chips? It also works the other way around when players try to push you around with their draws. If they know that you will run it more than once, they are more likely to make an aggressive action because if they get called there is less of a chance that they will lose all of their chips.
Posted by
Rakewell
at
4:07 PM
3
comments
Labels: bluff magazine, card player magazine, laak, strategy
Two quickie restaurant reviews
I played at Binion's tonight. About an hour in, I made a bad read, got all my money in bad, but got rescued by a five-outer to more than double up.
Go ahead and book a win. I know a lot of people think booking wins and setting stop losses is hogwash. But playing top poker (particularly no-limit) requires confidence in yourself and your decision-making. And if you lose seven days straight, your confidence is likely going to be in the can no matter who you are. So if you start a session and you’re up a few buyins after bit, wrap it up. Book the win. And pat yourself on the back. You’ll be more confident during your next session.*

Posted by
Rakewell
at
2:56 AM
7
comments
Saturday, May 05, 2012
Seeing red
Posted by
Rakewell
at
3:35 AM
6
comments
Labels: palms, room reviews
Monday, April 30, 2012
Winner, winner--no chicken dinner
One of the earliest submissions in the win-a-chip contest was my favorite, and I thought was unlikely to be surpassed. From "k9dr":
I personally believe that I should win the chip because U.S Americans are unable to do so because uh, some people out there in our nation don't have chips and I believe like such as South Africa and the Iraq everywhere like such as and I believe that Oshea's here in the U.S should help South Africa and the Iraq and the Asian countries so we can build up our future for our children and I can win the chip.If you don't understand why that's funny, you may be the only person in the world who hasn't seen the video clip it is parodying.
I can't believe this place is closing. It has a very special place in my heart. Here's my story.
I was playing blackjack there in 2003 with a buddy. We were sitting at a table with 3 girls from CA. We started a conversation with them and I was pretty quickly smitten with one of them. We ended up handing out with these girls the rest of the night and I ended up spending most of the rest of my trip with this one girl.
To make the story short, we ended up having a long distance relationship(I lived in NC, she in CA) for two years. We tried to see each other at least every 3 months and for the most part, we did.
After two years, we decided we didn't want to live apart anymore and she moved to NC to live with me. We were married a year later and will celebrate our sixth wedding anniversary next month.
We go back to Vegas at least once a year together and always go back and spend some time there. I am going back in July for the WSOP main even and it will be strange for that place not to be there anymore.
I would love to give that chip to my wife on our anniversary next month. I know she would love it.
OK, Andy, you win, and I hope your wife will like getting the chip. (But, HINT: You might want to sweeten the anniversary gift package with something else.) Now, however, I have to find out who you are. Please submit a comment to this post with your full name and address (I won't publish the comment, so don't worry about exposure), and I'll pop the thing in the mail within a few days.
Posted by
Rakewell
at
9:53 PM
7
comments
Labels: chips
Sunday, April 29, 2012
Answering a question from Dad
After my post with the pictures of the new O'Shea's chips, my father asked me via email about the colored sections along the edges of the chips. I told him that I didn't know much about that, except that they are called "inserts" by chip collectors, and apparently make the manufacturing process more difficult to duplicate by would-be counterfeiters. He replied, "I have the impression that for the same chip design, the edge markings might vary from day to day or week to week, maybe. In most of the chips I’ve seen in your blogs the edge markings seem to be pretty irregular and sometimes somewhat sloppy."
The edge spots, or inserts, are not painted on; to achieve this effect, this area of the clay is removed and then replaced with clay of a different color; this can be done to each chip individually or a strip can be taken out of a cylindrical block of material and replaced with the alternate color before the block is cut into chips.
Posted by
Rakewell
at
7:41 PM
5
comments
Labels: chips
Slim
News reports are saying that Amarillo Slim died a few hours ago. This is not surprising, as he has been on death's door for several days now. On April 17, Doyle Brunson tweeted, "Looks like Amarillo Slim is I'n critical shape. For the record, no way was he ever a child molester." (From what I've been able to gather from public reports on the incident that led to his plea deal, I'm inclined to agree that he was wrongly accused.) Then on April 19, Brunson tweeted, "Just talked to Amarillo Slim. He is I'n hopice but is fighting hard. Tears came to my eyes as we said bye." And, further, "Amarillo Slim had faults as we all do, but he started the poker boom as we know it. Look him up on google."
Posted by
Rakewell
at
1:09 PM
3
comments
Saturday, April 28, 2012
A contest! With a prize!
Posted by
Rakewell
at
7:10 AM
29
comments
Labels: o'sheas
What happened Friday night...
Posted by
Rakewell
at
6:56 AM
3
comments
Labels: my results, online poker, other blogs
Thursday, April 26, 2012
"In the poker world...we only have our good name"
Many people in my Twitter feed today have posted links to and/or comments on this wonderfully ironic short video of Howard Lederer expounding on business ethics. It's just too rich not to share--especially this: "People always remember that you were that guy that stiffed everybody and didn't pay back."
Posted by
Rakewell
at
5:58 PM
5
comments
Labels: lederer
That's a mighty powerful hand you have there, sir
Posted by
Rakewell
at
1:32 AM
3
comments
Labels: twitter
Wednesday, April 25, 2012
Game theory on TV
One of my regular non-poker reads is a blog called "The Agitator," by Radley Balko. He posted this YouTube clip today. It's brilliant. I've never heard of this game show before (I assume it's shown in Britain), but you don't need to know the rules, the host explains enough. Watch now if you're going to, because spoilers will follow.
Of course, the problem presented to the contestants is just a minor variation on the age-old "Prisoner's Dilemma." But I love, love, love how the guy on the right solves it. He presents an utterly convincing case that he is going to steal, and therefore the only way that the guy on the left has any chance of getting half of the money is by selecting "share," trusting that Mr. Right will be as good as his word and split the money after the show. This is perfectly plausible to Mr. Left, because he can't think of any reason that Right would be lying about which ball he is going to select (though of course he might be lying about his post-show intentions).
But in fact, the whole song-and-dance was just a ruse to manipulate Left into picking "share." It was Right's way of making sure that Left didn't try to steal.
Right had me completely convinced. I was stunned when he revealed "share." It took me a few seconds to process what had happened, but then when I got it, I wanted to tip my hat to him for a stunning piece of applied game theory. Absolutely perfect!
You know that poker concept of thinking one level deeper than your opponent? Well, my hunch is that the guy on the right would be one fearsome player.
Posted by
Rakewell
at
9:25 PM
8
comments
In case you missed it
Live poker is SO rigged.
Posted by
Rakewell
at
8:04 PM
2
comments
Labels: aria, harman, remarkable hands, twitter
Tuesday, April 24, 2012
Betting versus check-raising
I like Ed Miller's columns in Card Player magazine. He is the writer who is most likely to have a specific idea that offers a relevant way to tweak my game, something concrete that I can implement the next time I play.
In the April 4, 2012, issue, he discusses a hand played by one of his students. In a $1-2 NLHE game, the student raised under the gun with Js-Jc and picked up three callers. On a flop of 9d-7d-4s the student checked, had an opponent bet, which folded the other two still in the hand. The student then check-raised. When asked about his play, the student said that his goal with the check-raise was to get his opponent to fold.
Miller spends most of the column discussing (appropriately) how wrong-headed this is. Not that he needs my two cents, but here's how I would have phrased the general idea:
I don't make money when my opponents make correct decisions. I make money only when they make mistakes. The most fundamental categories of mistake they will make are bad folds (when they have the best hand) and bad calls (when they don't). Of these two basic types of error, bad calls are far more lucrative overall. This is because of two factors. First, bad calls result in bigger pots than bad folds. Second, bad calls are a much more frequent error than bad folds, especially among low-stakes players such as those that populate Vegas's $1-2 games.
The consequence of these observations is that opponents' bad calls are the single most important key to making money in poker. Well, I'll qualify that. One could argue that avoiding making bad calls oneself--or, more generally, making fewer and less costly mistakes than one's opponents--is even more important. But in terms of what you might be able to manipulate opponents to do, inducing bad calls is the vein of gold.
One of the most frequent post-hand commentaries that bad players offer shows how poorly they grasp this concept. Hardly an hour of play goes by without somebody making a prohibitively large bet on the flop, folding the field, then showing an overpair with a comment like, "I didn't want anybody drawing at that flush/straight." If you ever want to show the poker world that you're unclear on the concept, be one of the guys who does that. What you should really want, of course, is for players to call too much money with inferior or speculative holdings, while simultaneously being able to deny them proper implied odds for the call by being able to get away from your hand on the occasions when they hit their draw, miracle two pair or trips, etc.
All of which is a long way of introducing what I thought was the most mysterious lacuna in Miller's column: the near-total lack of comment on his student's check on the flop. At the end, he does add this: "The irony of all this [i.e., his long criticism of his student's stated goal] is that I like his raise just fine. (I would have simply bet the flop, but given his check, I like the raise.) It's just his reasoning that was bunk. I like the raise specifically because lots of worse hands--tens, nines, diamonds, straight draws, and so forth--will call. My student raised thinking he would get folds, but in fact his bet is going to get action from all the right hands."
I don't disagree, but I would have put much more emphasis on what is passed over lightly with just the parenthetical remark. I would insist that betting out should be the default plan, with a check-raise an acceptable alternative only if the student can articulate very specific facts about his opponents that can justify it. Perhaps there's an aggressive player on the button who always bets when everybody checks to him. Maybe the student has been playing in a perfectly straightforward manner--check/folding flops when he has less than top pair, betting them only when he has better than that--and he has reason to think observant opponents have noticed this tendency and will try to steal from him. He may know one of the other players always bets draws rather than trying to take a free card. But there has to be something very specific about this particular confluence of opponents and circumstances to make going for a check-raise a viable alternative to betting.
I would give two reasons for this argument. First, as Mike Caro repeats ad infinitum, the obvious, straightforward action is usually the right one, and you need special circumstances to make deviating from it profitable. A continuation bet while holding an overpair to the board is clearly the most obvious, straightforward choice, the one least likely to trigger the fatal consequences of Fancy Play Syndrome.
Second, on a relatively draw-heavy board, giving a free card to three opponents would be a mortal sin, not forgivable with any subsequent act of atonement. One would need to be highly confident that a bet from one of them was going to be forthcoming before choosing to go for the check-raise. In this particular hand, without running any numbers, offhand I'd put the requisite level of confidence in an opponent betting at something like 80-90%. In order to have that high degree of confidence, one would need to be able to articulate specific facts about the situation based on previous observations and patterns.
So my only criticism of Miller's column is that I think he passes too lightly over the bet versus check-raise decision, as if it's kind of just a matter of taste or style. That may, in fact, not be his view of it. Maybe there just wasn't room to go into it while still airing out his main point about the flawed rationale his student gave. But I think that the check on the flop (assuming there were not adequate, specific justifications for it) it as big a problem as the warped reasoning about inducing folds.
Posted by
Rakewell
at
8:12 PM
11
comments
Labels: card player magazine, miller, strategy
Monday, April 23, 2012
Josie...
...has a very important story to tell you about a little online poker bet that went down between us today:
Posted by
Rakewell
at
2:38 AM
5
comments
Labels: other blogs, very josie
Sunday, April 15, 2012
Dogs playing poker
Go look at this brief blog post:
Posted by
Rakewell
at
5:45 PM
3
comments
Labels: dogs playing poker, other blogs
Saturday, April 14, 2012
Ante Up magazine cover
I have now seen the April issue of Ante Up magazine, and it included a brief note from the publishers about the anomaly on the March issue cover, which I mentioned here:
On a quick side note, we'd like to thank the pranksters at Beau Rivage for putting two 9s in front of John Dolan in the Million Dollar Heater victory pose we ran on our March cover.We were seeking a quick way to find out how many people actually look at our cover, and judging by our full inboxes and bloated voicemail from readers wondering how Mr. Dolan won an event with two of the same card, we happily have our answer.
Posted by
Rakewell
at
7:01 PM
4
comments
Labels: ante up magazine
My amazing week
To say that I am not normally a social creature would be the understatement of the year. But this week saw a confluence of events and out-of-town visitors that brought out my inner mingler. Most notably, my pals Grange95, WriterJen, and PokerLawyer all came to Vegas to celebrate my birthday a few days early. (Well, they all had other flimsy cover stories, but I know the real reason. It's all about me, obviously.) We were joined, at various times, by a bunch of others, including some I always enjoy hanging out with--LasVegasPokers, PinkLadiesPT, PokerVixen, CKBWOP, CureMTM--the last of whom tied us into a new circle of friends, as seen in the first picture below.
- Penn and Teller at the Rio (my fourth time seeing their show, which is always fantastic)
- Driving and hiking around Red Rock Canyon
- Long but cheap rubdowns from massage therapy students at this place
- Dinners at Lindo Michoacan, Simpatico (former mayor Oscar Goodman's brand-new restaurant inside the Plaza Hotel--maybe the best Italian food I've had in Vegas), and Delmonico Steakhouse
- Profitable poker sessions at Binion's and Venetian
All in all, it was one of the best weeks I've ever had since living in Vegas, and almost certainly the best one that didn't include Cardgrrl. In fact, one downside to spending so much time with other people is that, paradoxically, it reminds me more acutely of how much I miss her.
Almost all of the visitors have now flown back home, so it's back to the grind for me--which this weekend must sadly include a big chunk of time doing my federal income taxes. Ick.
Posted by
Rakewell
at
5:52 PM
6
comments
Labels: me, other blogs, vegas
Wednesday, April 11, 2012
I can do basic probability calculations
In my RSS feed reading today was a pointer to a site that administers a brief quiz of your ability to quantify probabilities:
Congratulations on completing your statistical and risk literacy test!
Your numeracy score is better than about 75-100% of all college educated individuals. Roughly, this means that out of every 100 people who take the test, you will do better than about 90% (90 people) of all other people. This is the highest score one can receive on this test.
Technically, relative to the general population, you are among the most statistically literate in the world.
Based on your score, you are not very likely to experience the extreme difficulty most people have when faced with common types of statistical thinking. However, you should still take care and may want to double check your calculations or seek additional advice when it comes to important decisions involving risk and statistics (e.g., some medical decisions, financial investment, taking consumer debt).
In our uncertain and complex world you are likely to find that your higher levels of risk and statistical literacy are very beneficial and important.
Indeed, your levels of numeracy reflect a skill level that very few people ever achieve… one that is the result of considerable practice.
As the saying goes: " Practice makes perfect."
Posted by
Rakewell
at
7:57 PM
5
comments
Labels: math
Anomalies
Two odd poker-related visuals have caught my eye this week.

Posted by
Rakewell
at
7:42 PM
6
comments
Labels: ante up magazine
Thursday, April 05, 2012
Poetry and photography
Cardgrrl's latest project is a collaboration with a poet friend. I hope you'll take a look at it here:
Posted by
Rakewell
at
9:38 PM
2
comments
Labels: cardgrrl, photography
Wednesday, April 04, 2012
M*A*S*H
It looks like my friend Martin Harris has found a new home at Poker Listings for his occasional excellent series on poker's intersections with pop culture. (It has previously appeared at Poker News and Epic Poker.) Today's installment reviews the episodes of M*A*S*H in which poker games show up:
Posted by
Rakewell
at
5:55 PM
4
comments
Labels: bluffing, other blogs, shamus
Poker gems, #449
Mike Caro, in Poker Player newspaper, April 9, 2012 (vol. 15, #21), page 4.
Posted by
Rakewell
at
4:20 AM
6
comments
Labels: bluffing, caro, gems, poker player newspaper
Room updates
1. I played at the Riviera Saturday night for the first time in (brief pause while our hero checks his records) about 11 months. It's not exactly my favorite place. I had trouble finding it, because the room has moved since I was last there, and they apparently can't be bothered to put up any directional signs. If you want to find the poker room, you have to just wander around until you stumble upon it. To save you that trouble, I'll tell you that it's right inside the Strip entrance, that wall of glass doors. Since I was there last, they have also changed their main no-limit game from $1/$2 to $1/$3, a curious move for a small, downscale poker room. Finally, they have installed player's card readers at the table instead of having you log in and out at the desk.
Posted by
Rakewell
at
4:05 AM
4
comments
Sunday, March 25, 2012
A hand of, um, titanic proportions
I played at the Luxor this afternoon. I made a nice profit when a rivered king completed my straight but also completed a set for a guy who had played his pocket kings with complete passivity until he was beaten, at which point he elected to raise. (Brilliant strategy!)
Posted by
Rakewell
at
11:37 PM
20
comments
Labels: luxor
Saturday, March 24, 2012
Protect your hand
See Rob's blog post for an excellent story illustrating the importance of this simple concept:
Posted by
Rakewell
at
5:58 PM
1 comments
Labels: card protector, other blogs
Friday, March 23, 2012
Matching or non-matching suits?
In the March 26, 2012, issue of Poker Player Newspaper, Mike Caro's column has some questions and answers about probability. As one example, he asks the reader to consider the situation in which pocket sixes are pitted against pocket aces. Do the sixes have a better chance of winning if they match the suits of the aces, or if they are of different suits?
And, no, it isn't better to have different suits if you hold sixes. That seems like the logical assumption at first glance, but it's the other way around. If your suits are both different, that's slightly worse than if one suit is duplicated. And one duplicated suit isn't as good as two duplicated suits, from the perspective of [the person] with sixes.Although it's true that different suits means the sixes will win some hands with flushes that would have been impossible if the suits were the same, there's a second factor. And the second factor overwhelms the first. When your sixes are of the same suit as the aces, the defensive power overwhelms the offensive power. You prevent the aces from making enough winning flushes that you can afford to sacrifice all potential winning flushes of your own.So, 6c-6d does better against Ac-Ad than 6h-6s does.
Hand Win % Tie % Equity %
6c-6d 18.66 0.22 18.886
6h-6d 19.36 0.18 19.542
6s-6h 20.05 0.14 20.199
This was run under the "enumerate all" option. Running a Monte Carlo simulation produces very slightly different numbers, depending on how long you let it run, but the pattern is always the same as shown above: The sixes with suits matching the aces do worst, those with different suits do best, and those with one matching and one different are about halfway in between.
I don't suppose PokerStove is infallible, so I did the same comparisons using an online poker odds calculator, this one on the CardPlayer.com web site. It generated numbers identical to those shown above. I also tried it using the calculator at twodimes.net, and again got identical results. This gives me considerable confidence that the numbers above are indeed correct.
Posted by
Rakewell
at
6:52 AM
11
comments
Labels: caro, math, poker player newspaper
Thursday, March 22, 2012
Return to razz
Tonight I played in my first online HORSE tournament in, well, ages. Probably six months, I guess. I was on Black Chip Poker.

Posted by
Rakewell
at
12:36 AM
2
comments
Labels: online poker, razz
Thursday, March 15, 2012
Changing the rules
Posted by
Rakewell
at
8:00 PM
2
comments
Labels: non-poker gambling
Wednesday, March 14, 2012
Ferrari man
As promised in my previous post, today I went out to the Las Vegas Motor Speedway (do they really need to specify "motor" when they're talking about a "speedway"? I mean, is there a horse-drawn "speedway" somewhere?) and took a few laps around one of the auxiliary tracks in a Ferrari F430. Here's how it looked from the cockpit:
- Once I hit the wrong paddle and downshifted when I meant to upshift. You can hear the engine whine in protest and the instructor (Brandon, who was great) chuckles at me.
- For the first couple of laps I kept lifting off the gas when it was time to shift, unable to break the habit developed from years of using a clutch pedal. Dang these new-fangled infernal machines!
- I couldn't figure out the geometry of the hairpin turn combination near the start of the course. On the second time through, you see Brandon reach over and grab the wheel to force me more left than I thought it looked like I should go. I got it right just once, on the fourth lap, and could definitely tell. It was kind of amazing how getting the line just right felt so much different than getting it wrong, and you'll see me smile and hear me comment on the "aha!" moment. It was like hitting the ball with the sweet spot of a tennis racket. But then I missed it again the last time around. Slow learner.
Overall it was hella fun. I don't think you can go far wrong giving somebody you love a gift certificate for a drive at this place (Exotics Racing--and while you're on their web site, I strongly suggest you entertain yourself with the "screamer of the month" videos, taken inside the drifting Corvettes). Or the next time you're in Vegas, just treat yourself to a completely different kind of afternoon than you'll ever get on the Strip.
Me and my speedy steed:
Posted by
Rakewell
at
9:52 PM
10
comments
Labels: me
Tuesday, March 13, 2012
VROOM!
Here's what I'll be doing tomorrow afternoon:
Posted by
Rakewell
at
4:59 PM
10
comments
Labels: me





