Thursday, October 30, 2008

Minimum Risk, Minimum Reward

Sherman: I am the Sherminator, a sophisticated Sex-Robot sent through time to change the future for one lucky lady.
Nadia: I am lucky lady?
Sherman: That's right Nadia, you've been targeted for Shermination. Come with me if you want to live.
"American Pie 2"

I have been playing a heap of poker of late, and getting the expected up and down results. I had a big gambling weekend last week with a big sports bet getting up on Friday night and then a 2nd place in a MTT on Saturday night (got a bit excited with 63o when heads up, lost to A6h). I lost most of the winnings in the cash games thanks to a few bits of bad luck and the like, but I'm still up thanks to some solid play after the felts.

I have also had the chance to play in the cash games with other people watching, and discussing the hands once they have been included has been very beneficial. Especially when we speak about why we made a play at this pot, why call here and what we think the other player had. It's good to bounce these ideas around and see what works, and also to hear that someone else agrees with the method to your madness.

I am finding that a heap of people are buying in for the minimum all the time - why is that? I don't like this strategy at all. They buy in for the minimum, wait for a hand and then try to double up - which in itself sounds ok but there are some other factors that make this a real bad play. For example, last night new guy to the table buys in for the minimum and sits to my right - I have 10 times the chips in front of me that he does, so when he does come in for a raise, I'm happy to call with rags because even if I am dominated, the most I am going to loose is a pittance. And if I hit, he is already very close to pot committed.

So it happens - I call with rags and flop 2 pair, felts the player. So then he rebuys, and it happens again a few hands later (by someone else this time). And he auto-rebuys again. But why? If you have the money, you may as well play properly. Eventually I flop a set and the guy goes all-in and I call, he hits runner-runner for a better full house and doubles up to be still down a buy-in, and then cashes out.

Oh well, don't tap the glass I guess.

We had 2 prop bets going on the game - first player to get dealt aces and first player to crack aces, I lost on both which meant even though I was in front for the entire session, I ended up breaking even thanks to these props.

It was great though, having a massive session online which has not happened in a very long time, and still being very social about it. This helps since I have moved down to Melbourne away from all my poker playing friends in Sydney.

Planning another trip to the casino this weekend, depending on how things go it might even be a few trips. I made a cash out of online funds again because the Aussie Dollar dropped so low than all the funds invested in online poker under my name gained something like 25%-40% in the space of about a month. It felt good to have a proper live bankroll again.

1 comment:

Ignatious said...

feels good to hit this old school blog and see you up and posting. love that you're still opening with film quotes.

kudos.