Sunday, May 17, 2009

Bonus Code IGGY on Party Poker, damnit! 

Time to continue the Losers Inc story. Part 3.

But first, I wanted to give a hoist of the Guinness to Pokerlistings for running a little WSOP qualifier tournament for some poker bloggers. I was building up a nice head of steam there for awhile, even taking the chiplead until I got bounced by a rivered flush.

I had a conversation with a good friend this weekend who gave me some serious/savvy reasons to take a pass on the WSOP Main Event this year. Very good advice from a EV perspective.

As Tom McEvoy once stated, "If you can't win your way in, you don't deserve to play."

So that's my latest take on this decision. Now I just need to pay attention for when Stars or FullTilt run one of their big giveaway tourneys.

For now, let us return to the epic tale of Losers Inc.



Part 03 - "We'll get to the poker eventually. Like you have anything
better to do..."

Intros continued


Role Model: Al Bundy.
Favorite Beer: Any decent lager.
Least Favorite Beer: Any light beer.
For a mental image: Picture a prematurely balding Wookie.

6'3", 240ish. Hairy enough to suggest possible lycanthropy (except for
the top of his head). Has to start shaving at the collar line. When
shirtless, near-sighted observes frequently think he's wearing a sweater,
even from the back.

***Snow White says***

*Especially* from the back. Steroids will do that to you. He could have
20 tatoos and you'd never know.

***end Snow White***

***Manbeast says***

For the record, juice was legal when we were in high school. Not that I
used it.

***End Manbeast***

An Alpha among Alphas. MUST be in charge of any situation.

Tragic Flaw: Overaggression. His testosterone imbalance drives him to be
too aggressive at everything he does.

Impetuous: First to marry, first to divorce. First to remarry. First to
have 2 ex-wives. Good poker player. Aggressive, though prone to be wild,
especially when tilted.

Soundbite - "She has the kind of fiery beauty that Dylan Thomas wrote
poems about. And tits like a couple of fucking zeppelins."

So that's Manbeast

Iron Mike

Favorite Movie: Harry Potter, we're guessing.
Favorite Beer: Budweiser, the most exotic brand he's had so far.
Least Favorite Beer: Busch, the other brand he has tried.
For a mental image: Picture the VP guy from the Bowflex commercial, but

Young pup recently added to the game. Bodybuilder. Good athlete. Wife is
a 20 year old blonde fitness athlete.

***Spaulding says***

She's a total fuck bunny.

***End Spaulding***

***Manbeast says***

As an overall package, I concur. Boobs are a
little small, but she has a flat, sexy stomach and she's very callipygous
(put your beer down and look it up, you fucking hick).

***End Manbeast***

He studies the game and is improving.

So that's Iron Mike

Todd the Attorney

Favorite Book: A movie.
Favorite Beer: Beer is for boughies.
For a mental image: Picture a handsome, brilliant young lawyer who's just
been violently struck on the forehead with a ballpeen hammer.

"reTodd." Pretty boy. Dumb as a post. Lost a game of checkers to a
labrador retriever (I'll try to tell the story later).

Despite an SAT score that would make Allen Iverson wince, reTodd got into
a prestigious school because of powerful family connections. Couldn't
find his ass with both hands and written directions. Ultimate calling

*** Manbeast says ***

One time playing stud I paired my door card, which was a King. I played
it fast, representing trips, but all I really had was the pair of Kings
and a busted flush draw. On 7th street I bet out. reTodd called. I said
"Good call, I only have the pair of kings." (which, again, were SHOWING).
Retodd says, "They're good. I didn't want to call, but the pot so big..."

*** End Manbeast ***

Quote: (Standing there, holding a 1/4 cup measuring cup.) "Dammit. I
need to measure a half a cup, and I can't find that one." I *could* tell
you his real name, but then I would definitely have to kill you. He's all

That's reTodd.

Snow White

Turn Ons: Celibacy.
Favorite Beer: O'Douls. Sometimes he'll be a madman and throw in a lime
For a mental image: Picture Doris Day with a schwantz.

The Prince of Princes. Goes to church on optional days. Doesn't smoke,
barely drinks, seldom swears.

***Manbeast says***

Seldom dates. He would find something wrong with Sandra Bullock in the
first 10 minutes. Something important, like, "she smoked a cigarette
once, I'm not into that."

*** End Manbeast ***

Tight, conservative, predictable.

***Snow White says***

Yes, you can predict my solid play will get the money.

Here's how to win at poker:

You don't need any fancy moves. Learn what constitutes solid starting
hands for your games of choice.

Pick your games well. Abdul himself says, "The best poker player is not
the most skilled. The best poker player picks the best games. The best
poker player has won before he sits down."

Always pay attention to who is winning and who is losing. In "Decision
Making Under Uncertainty," the authors observe that given a choice between
a sure $30,000 or a gamble where you'll get $40,000 eighty percent of the
time and $0 twenty percent of the time, most people will take the sure
$30,000 despite the higher EV ($32K) of the gambling scenario. But given
a choice between a sure loss of $30,000 or an eighty percent chance of
losing $40,000 and twenty percent chance of losing $0, most people will
choose the gambling scenario, once again despite the fact that it is the
lower EV alternative.

How does this apply to poker? Easy - it tells us that most people will
irrationally accept undue risk to try to dig out of a losing session, and
many will act irrationally risk averse to lock up a win, especially if
they are quitting soon.

Simply look for these people, and adjust your poker game accordingly.
E.g., raise and run your bluffs at people who are trying to get out
winners, value bet against losers. Be quicker to get away from medium
strength holdings against winners. Go all the way with medium strength
holdings against losers. Play less hands when a winner enters the pot,
etc. Easy, really. You just have to pay attention.

Also pay attention to your own image. No less than Yardley himself said,
in Education of a Poker Player, that you cannot bluff a man until you've
"cured" him of calling, by showing him a number of winning hands in a row.

Nothing has changed in the last half century. Humans still put more
weight on their most recent experiences. If you get a bluff picked off,
you better shift gears and play totally solid, and value bet, because
you're getting called down every time. And if you showed a guy nothing
but winners for two hours, and he thinks you could crush diamonds with
your sphincter you're so tight, then it's time for a little larceny.

***End SNow White***

Sound bite: (To a stripper) "Young lady, I am not your gynecologist."

That's Snow White.


Your humble host. Practically perfect in every way. You can call me
Variable, which is what the guys call me because, according to them, I
have no set personality, but rather I adapt depending on which group of
people I'm with. Probably true, but I would argue that everyone does that
to some extent. Except Manbeast.

--- To be continued ---

Coming in Part 04 - Origin of the species.

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