Getting Even

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You! Out of the car!

So I check my calendar late in the day and realize that I’m supposed to be at a concert/fundraiser at the Japanese consulate here in LA in a little over an hour. I contemplate blowing it off, but I know the host is expecting me so I resign myself to the gig. As it turns out, I didn’t have a suit on so I needed to jam home from my office, change and make it back across town, in traffic, by 6:30 or so.

Anyway, I make my way home, pull on a suit and head back out. Now my car came off lease a couple of weeks ago but I haven’t had a chance to find a new rig, so I’ve been rolling around in some rental car that Enterprise dropped off. Anyway, I’m moving along the 10 freeway and I flip down the visor to check my tie. Bam! A gigantic spider drops into my lap and scampers down my leg to the floor. Holy crap!

Ok, this was not some Little Miss Moffet spider…not some daddy long legs “I can run across the surface of water” whisper of a spider…no, in fact, this monster was just slightly smaller than a tarantula I once saw while hiking in Big Sur. Big brown body, furry legs…straight out of Raiders of the Lost Ark. I have no idea where he came from or how the damn visor even stayed in place with this beast on top of it, but in any event, he was now milling around the floorboards.

I grew up in Maine and am not a city boy—I’ve had plenty of critters in between me and where I’m headed—but when you go to check your look and a spider the size of a small dog drops in your lap in a dark car at 60 mph, it’s unsettling. It’s like having the Starbucks girl tell you your coffee is ready and tossing a live snake at you instead of your nonfat latte. WTF!

I’m in traffic in the fast lane, so I turn on the interior lights, work my way over to the shoulder, pull over and jump out. I look back in and hunt the beast down. Ok, there he is staring at me from the console like Kong on the Empire State Building. Whatever, dude, I’m tight for time—I sweep the shaggy bastard out of my car with the rental agreement, collect my wits and head on to the consulate.

Later at the consulate, I’m sitting at a table with one of the artists for the evening, the head of a local bank, a newspaper rep and, as it turns out, some hitter from Lexus of Southern California. After a couple of speeches, a brief series of performances by three young pianists (all cute Asian girls, btw) and some pretty amazing sushi (it was the Japanese consulate after all), I recount my rental car/spider story to my tablemates. The Lexus guy was like “Uh, call me tomorrow and we’ll hook you up.” Ok, you know what, maybe I will. Did I mention my wife’s car is off-lease in two months’ as well?

It’s all about table draw and seat selection, boys!

Club One Casino/Ace of Diamonds Trip Report - Edmond goes to Fresno

Cliff notes: Edmond goes to Fresno for the big tournament. Busts out on 1st hand of Day 2. Donates buy-ins in the NL games. Vows to return.

Getting there

Last weekend, I packed up the voice recorder and headed north to play the 3rd Annual Ace of Diamonds tournament at the Club One Casino in Fresno, CA. The Ace of Diamonds is an annual event with a $400 (+$50 fee) buy-in that’s pretty much the biggest tournament in Central California.

The tournament had a Saturday noon start time and I had some business in Fresno on Friday, so I drove up the day before and spent the night at a local hotel. Saturday morning I got up, worked out, grabbed a bite to eat and headed over to the casino. I have to say it was a refreshing change from Southern California where you have to plan each tournament day with an eye to avoiding traffic. In, Fresno, you can pretty much get on the freeway 15 minutes before the start time and go. Ten minutes later, you’re holding a seat assignment. Nice.

Club One is a 49-table card club casino located in downtown Fresno at the corner of Van Ness and Tulare, directly across from the Fresno County courthouse. The card-room, the largest in Central California, is accessible from both the 99 freeway and the 41 freeways, two major Central California thoroughfares. You can find your way to Club One via Google or MapQuest, of course, but absent those aids you can pretty much use the following directions from anywhere:

When you see the tall buildings—that’s Fresno—take the closest exit. Head toward the buiildings. When you see one with neon signs that say Club One Casino, stop. You'll be at the arrow in the satellite image below...


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As I drove into town, it looked to me that downtown Fresno seems to be in the early stages of urban revitalization. There are new bank and government buildings interspersed with older buildings that sit gutted and dormant. The Fresno Grizzlies (AAA) play in a beautiful ballpark right in downtown and the Convention Center (host to Fresno State men’s basketball, the Fresno Falcons and cultural mainstays like Riverdance and WWF Fully Loaded) is nearby. It’s obvious that the city is re-investing in its roots, but the neighborhood is still, as they say, “in transition.” On every block you still see vestiges of urban decline—old theaters converted into churches, thrift shops, pawnshops and bail bonds vendors. Whatever…I’m a poker player. If you asked me, there’s something to be said for having sports, liquidity, adjudication and salvation all within a couple of blocks of the card room.


The Cashino

The casino itself is located in a former bank building attached to 200-room hotel undergoing extensive remodeling as a future Holiday Inn. I think the hotel will add more after-hours activity downtown when it reopens, but for now, it’s just a mish-mash of trucks, dumpsters and scaffolding adjacent to the club. You can see the casino here (the hotel is the 7-story building to the right...


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And the entrance...

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What’s this? No valet? This was a rude shock for an LA softie like me, but I reminded myself that in towns where parking is cheap and plentiful, valet parking is anomaly. I put my ego back in its satin case, navigated my way through the hotel construction, found a spot in the underground garage and took the elevator to the casino floor.


On the inside

As you enter the casino from the elevators, the horse racing lounge...


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and bar/restaurant...


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are to your immediate right as you walk up a slight ramp past the gift shop onto the casino floor.

Club One’s casino area is one large room with areas designated for higher stakes tables, the cash games, the blackjack/3-card poker area and the tournament section. As you enter the casino area, the high stakes area is to the right in a semi-enclosed, raised area...


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and most of the cash games are spread in the surrounding area. The tournament area is to the left rear of the floor. The sign-up board and cage are to the back of the floor...


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There's a main brush area to the right (out of the 2nd photo), the cage is to the left of the vault door (legacy of the old bank) and the tournament and NL area is to the back left. Blackjack, three card poker and pai gow are to the left (out of the photo). The floor's bigger than it looks in the photos, for sure.


The tournament

I headed over to the sign-up desk to pay my entry fee and pick up a seating assignment. As I mentioned,the Ace of Diamonds is the largest annual tournament in the area, and it draws primarily from the Fresno area (pop. 480,000 give or take) and the surrounding counties. Last year, there were 281 entrants. This year, the turnout was a bit lower, say 230 or so, but the floor staff I talked to pointed out that last year they advertised on local TV and guaranteed the prize pool at $100,000. This year, they went with word of mouth and fliers in the casino.

In any event, the sign-up went smoothly and the staff and other players seemed pleased with the turnout. If anything, players were excited to play a “big” event and more than one voiced interest in having more of the larger buy-in tournaments. Club One offers tournaments twice daily but those events are smaller buy-ins (<$100) so local residents need to travel to Southern California if they want to play larger events. I think quarterly $450 buy-in events might be a bit much for the local poker economy to digest but a few $300 buy-in events could find some traction.

Side note: at the end of day 1, one of the staffers mentioned that eleven people who won seats didn’t show. No-shows may be common at large LA and Vegas tournaments, but $450 isn’t a throwaway for the Fresno poker demographic. I’m convinced at least a couple will show up on a subsequent Saturday looking for a seat card and feel pretty stupid when they realize they provided an overlay for the rest of the field.


The field

Anyway, the field was somewhat more sedate than the typical So Cal tournament field. I saw the usual tattooed, team-attired players—note to self, this is Raider and 49-er country—but there were fewer Asians or guys in Tilt/Stars gear. For the most part, it was a mix of regulars and aspirants from the surrounding areas, and lots of players and staffers obviously knew each other. A few photos will give you a sense of the competition...


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There’s always one, right?

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The 2006 defending champ…

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The structure

The structure was pretty aggressive so I knew I had to be active, but I hadn’t played a tournament since my CSPC run so I defaulted to a strategy based on the advice my Dad give me as I left for school each day—“Try not to do anything stupid today, ok?” It’s not a bad advice for either a 4th grader or poker player, if you think about it.

On a side note, I later spoke with the tournament staff and they conceded the structure was steep but pointed out that tournament structures have to be submitted to the state for approval. I’m pretty sure the 4th Annual event will have a more playable structure and I’m convinced they’ll see an even bigger field if they do. The casino recently added 8 minutes to their daily tournament levels (now 20 minutes per level) and they’ve seen a nice up-tick in entrants. It seems players want to see a few more hands before they need to start shoving stacks. Go figure.


Cards in the air

The tournament started a little late, maybe 12:20p or so, as the staff was setting up the last tables and giving stragglers a chance to get to their seats. No one complained about the delayed start time and by 12:30, the tournament was moving along.

With my Dad’s advice haunting me, I trying to get a sense of how my table was playing. First few hands…

Folded A6 in middle position. Two club flop mocked me. Whatever.

Next hand, folded T7…7 on flop, 7 on turn. No problem, it was early and I was just looking for a rhythm.

It was soon clear that my table was playing tight. A half a dozen hands in with stacks still 10,000 (+ or – 100) around the table, the cut-off raised to 200 and the big blind called.

Low card flop, two spades. Check. Check. Hmm.

Turn 7. Check. Check.

River Q.

Big blind bet out 200. Cut-off called and showed KK < big blind’s A9 nut flush. This was definitely not the Southern California “chip up now or go home” mentality. Uh, ya'll know you’re allowed to bet those hands on the flop and turn if you’d like, right?

I can’t complain about being card dead; in fact, I got hands all day…I didn’t get AA or AK but picked up AQo like it was on sale, JJ, QQ, lots of playable hands. Actually, I think I got MORE than my share of quality hands, but my default mode is straightforward fold or raise and with everyone playing uber-tight I probably needed to work my bet sizes a little. As it was, I didn’t make any monsters to speak of or run into any lesser hands willing to pay me off.

For example, with the blinds at 50/100, I was sitting with 10,700. Four limpers to me on the dealer button with AQo. I raised to 600 and got one caller. Pot was 1800-ish.

Flop came A24, two hearts. I bet 1200 and he folded before my chips made it to the pot.

Another level in, at 100/200, there was one limper to me in middle position with AQo again. I made it 800 to go and he called. 1900 pot.

Flop came A96 with two diamonds. The limper led out for 1500. Dude…uh, no…that’s not gonna work for me. I re-raised to 3000 and he folded. Ok, maybe I need to back off a little and let guys find a hand.


Service!

Around the first break, I was getting a little hungry and called for service. When LakeofFire did a review of Club One, he touted the Vietnamese cube steak, and one of the servers mentioned it was the most popular item on the Asian menu. I like to think I’ve got a worldly palate, but I wasn’t wild about it. Then again, my frame of reference with Vietnamese food is pretty limited.

I had better luck later with the Club One burger. It’s a good burger (and cheap!) and my only complaint was that my server forgot to bring ketchup and mustard with it so I had to ask the Asian hottie next to me to borrow hers. Come to think of it, maybe the server was doing me a favor. In any event, the food here is fine—not as good as Ocean’s or the Bike but competitive with the Commerce and the Hustler.

On the second to last hand before the break after round 3, I was sitting with a little over 11,000 and picked up QQ in the BB. An UTG player, raised to 800. Folded to me, I re-raised to 3000 total, maybe too much, but he’s UTG and I’m in the blinds…let’s see where we are. He showed AQs and folded. Ok, I know where I am—I suck at poker. I headed into the break with about 12,500 chips.


Mixing poker and politics

On the break, I spent a little time chatting with Mike Dages, city council member/poker player. Councilman Dages is a regular at the club and sponsors a charity tournament that has a good turnout. His wife was also playing in the tournament and I was a little envious. When someone asks me “Where’s your wife today?” I get to respond, “In the spa, wrecking my bankroll with a seaweed scrub, shiatsu massage and pedicure.” He gets to respond, “Last I checked, table 3, seat 7…but she was sitting short so who knows? Check the 3/5 game.” In any event, he’s a nice guy and running for mayor in 2008. Hey, if Larry Craig can keep his Senate seat, a poker player can be mayor, right?

Note: Councilman Dages’ wife final tabled the event and took home $7500 in a 10-way chop. And my wife's toes look fantastic.


No action, no traction

After the break, I spent time just trying to pick up blinds. The structure was such that no one ever really built a commanding chip stack relative to the blinds. And without antes at later stages, I felt like I needed to keep active throughout. No matter what I did, though, I was stuck at 11-13k.

With the blinds at 200/400, I raised with A9o from middle position. God help me, I hate A9—a wretched, piece of crap hand with which I’ve managed to donate throughout my poker career. Thankfully, everyone folded.

Another orbit and I had 88 in middle position and raised to 1200. One caller from the blinds. Jack high flop. He checked to me. I bet 2500 and took the pot.

The blinds then bumped to 300/500 and I was sitting with 13500. Pretty much everyone at the table was stuck in the 5-15k range, maybe one guy with 20k.

Folded to me in the cut-off with A5, I made it 2000 to go. Dealer button called, small blind folded.

Flop 988. I continued for 3000. Dealer button showed AJo and folded and small blind commented that he’d folded JJ from the blinds. What, are you serious? Have you seen the structure, sir?


Keep your enemies close

My table was pretty collegial with lots of chatting and showing. The guy next to me mentioned he’d been sponsored by his local card room to play some WSOP events and had moneyed in a few. We end up talking a bit and I reminded him I needed him to do something stupid to chip me up. We both laughed, but it was obvious to me that if he played back at me he’d have a real hand.

Sure enough at 300/500, a girl limped UTG and my “friend” raised to 1600. I picked up JJ and re-raised to 3500. The table collapsed back to him and he insta-shoved. Uh, no thanks. I mucked and he showed AA. Yeah, no kidding. I kicked myself because I knew he’d been playing tight and I ruined any set value I had, but I was happy to have avoided stacking off on some 239 flop.

The last hand before they broke our table, I had 13000 chips and KK in the small blind. Three limpers to me, I made it 2500 to go and got one caller. 6300 pot.

Flop was TT9. I led out for 4000. Guy showed AJs and folded. What’s with all the showing here? And quit playing so tight…shove pre-flop!


Same chips, different table

They reseated me at a new table and the blinds increased to 500/1000. Figure I’ve got 17000+ now.

An orbit in, I’m in the big blind with QJo with a limper from the button. Small blind called and I checked my option.

Q43 rainbow flop

Small blind led out for 2000. I usually re-raise here, but I called hoping to keep a weak Q in the hand. Dealer button folded.

Turn 2. Ok, maybe the smooth call wasn’t my best idea.

SB checked and I bet 3000. He labored and called. Ok, maybe it was a good idea.

River was the 4. Check. Check. Queens were good and now I’m sitting a little better with 21k or so.

At this point, there were 12 tables left with another 8 minutes in the level. We were playing to 7-8 tables today (maybe 6p or so) which was a nice change from the usual mid-afternoon to 2a grind that’s common down south. I’d like to think this is just small-town sensibility, but the reality is the club probably wants to get some cash games running and still have a good crowd tomorrow. Whatever…I can’t begrudge guys for making a living. I went back to stealing.

With the blinds still at 500/1000, it was folded to me on the dealer button with JTo. I made it 3500 to go and took the blinds. I was now sitting with 23,000, an above average stack…of 23 BBs. Ridiculous.

Next hand, I was in the cut-off with QQ. A player someone identified as a good, local player raised to 3500 from UTG. I thought about just re-raising but figured with a shove maybe I could get TT or JJ to call. I moved in and he tanked for a bit and folded. He later pulled me aside and told me he folded 99. Excellent, Edmond. Another blown opportunity. Nice work.


Hand of the day

A couple of orbits later, I was sitting in the BB with 23,500 in total 93o. Three limpers to me and I checked. Flop came 973, two clubs. Ok, here we go. I led out for 3000 into the 4500 pot and an EP limper min-raised me to 6000. Ok, I like it. Next limper promptly shoved. Ugh. I really wanted to chip up here but with how tight table had been playing, it really looked like one of those guys had a set. I resisted the urge to tear the Copags in half and folded. The min-raiser thought for a good two minutes before showing and folding A9; the winner showed a set of threes. Well, thanks for showing, pal, but it still sucked.

After that, I don’t remember much other than folding and shoving my way to 5:30 when we broke with 7 tables remaining. The blinds would start tomorrow at 1000/2000 and I had a anemic 15,000 stack. If you can imagine it, there were at least 15 players sitting shorter than me. Tomorrow was going to be carnage from the start. I stretched and sought solace in the cash games.


It's about giving back...

Following the tournament, I walked around and noticed about 15 cash games including the following:

Limit

1/2, 2/4, 3/6, 4/8, 6/12, 15/30

There were at least two 2/4s and 3/6s and three 6/12s running. The 4/8 had a list and didn’t get going until later as a double jackpot game, but the 15/30 ran all weekend.

No limit

1/1 20-40 min-max buy-in
2/2 40-100 min-max
3/5 100-300 min-max and
5/10 1000-no max that runs on Tue, Thu and weekends

Omaha

3/6 with a kill (Saturdays only)


The Fresno City Council recently amended the city ordinance to allow Club One to spread no limit cash games on a trial basis. Per the amendment, the Club can run three games mid-week and five games on the weekend.

The 1/1 NL game didn’t get down while I was there, but it looked like the 2/2 ran continuously. I can’t vouch for the entire overnight shift but was definitely running at 11a and 2a. The 5/10 game ran about 8+ hours and looked like it played pretty deep—I saw several guys sitting with $3000+. For reference, the Commerce caps the 5/10 NL game at $400 and the Bike 5/10 plays with 500-no max. If you’re a 5/10 player in the area, it’s worth a look.

The local Indian casinos have been running NL games for a while, but it was obvious that the NL game was new to many of the lower stakes players. That said, I managed to dust off several buy-ins in the 2/2 NL with the following gems…

KK v J7s. All-in on the JJ8 flop.

KK v AJs v 88. All-in multi-way pre-flop. JxxxJ board.

KK in position v A8. J8x flop. Raise, re-raise, call pre-flop. He bet out, I raised, he called. A on the turn. He led out and I folded. He showed A8, obv.

QQ v JJ on 8922J board.

Etc. ad nauseum.

I took a break for dinner at a local restaurant but finished the day in fine form, heading into Day 2 of the tournament with a little over 3x BBs and down five buy-ins in low stakes cash games. Just another weekend of EdmondDantes poker.


Thanks for playing, sir.

Day 2 started like Day 1—I got up, worked out, ate, then made the 10-minute drive to the casino. We started Day 2 with 7 tables, but as I mentioned, almost everyone was in rough shape from the start. The blinds started at 2000/4000 and even the chip leader had only 90,000 chips or so. The average stack was 30,000 so I figured it to be a push-fest from the start.

On the very first hand, it was folded to me on the cut-off with QT. I shoved my pathetic 15,000 and got two callers…AJ and 66. Ok, not horrible…I'm 30% or so to triple up.

Flop was an encouraging…

274

Nice! Now I was actually a favorite to triple up with 15 outs twice. Of course, I whiffed them all—turn 3x, river 5x and the 66 took it with a straight. Well, at least I got up and worked out. Good luck, fellas.

The rest of the field thinned pretty quickly and by 3:30 or so they were seating the final table. No sooner had the final table seated, when they showed their good sense and announced a 10-way chop for $7500 with the winner taking the $5000 white gold bracelet. The way the prize pool was structured the winner could have taken home about $25k or so, but everybody seemed pretty happy with the outcome.


The Winnah and his hardware...

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Side note: I thought the dealers and floor-staff were professional and friendly and acted like they actually enjoy working there. It was a nice change from the cynics or B-teamers you sometimes find pitching cards in the So Cal or Vegas tournaments. In the entire tournament, I only saw one misdeal, an exposed card that the dealer retrieved and dealt through without any disruption whatsoever. Contrast that with this year’s WSOP where I saw misdeals a couple of times an hour, each of which would stall the play for a good minute or so.

In addition, the tournament tables are a mix of some synthetic felt and some regular felt, but they accommodate 10 players comfortably and are well-maintained. There are no automatic shufflers (auto-shufflers on the cash game tables, though) but again, the dealers were as good as I’ve seen in tournaments resulting in hands per hour higher than those I’ve seen elsewhere. All the chairs are in good shape, albeit fixed leg. And if you’re not comfortable in your chair, just ask. At one point after a table change, I asked for one of the taller chairs and the staff was quick to oblige.



Back on the horse

My Day 2 cash game play was a mixed bag. Highlights of the day included:

(1) Laying down AQo on A347Q board when my opponent showed strength the whole way and shoved the river. He showed A3o. Oh, nice Edmond, way to go. This is LIVE poker, remember?

(2) Flopping sets with 44 and 99, both times against KK and getting it all-in. Ok, that's more like it.

Other than that, it was my usual "raise in position, bet my good hands, fold when I’m beat" strategy that seems to be pretty effective at low stakes NL. I managed to finish the weekend down about $1000 between the tournament and Day 1 cash game carnage, but I thought the games were beatable for an observant, aggressive player.

Overall, I think Club One is a solid choice if you’re looking for action in the Central California area. You can read the review I posted but I could sum it up…plenty of action, excellent dealers, good food. If they fix the structure, I’d play the 4th Annual Ace of Diamonds, for sure. I’m not taking that 10-man chop at the end, though!

Edmond


For reference...

Club One Casino
1033 Van Ness Avenue
Fresno, CA 93721
(559) 497-3000

Club One Casino website

Thoughts on G2E and a few thousand hands

Well, it’s been crazy busy lately, and it seems like the days just run together. I’ve had a couple of trips back to New York (the day job), I just got back from the Global Gaming Expo show (aka G2E) in Las Vegas, I have a meeting in Orange County tomorrow and then on to Fresno tomorrow night to pick up my winner’s bracelet in the 3rd Annual Ace of Diamonds tournament at Club One Casino. Next week, I'm heading back home to Maine for the holiday week. And after that, I’ll be hosting a home game at the Commerce Casino to take that service for a testdrive and report back. In any event, lots going on.

Global Gaming Expo (aka G2E)

I wanted to post the results of a recent effort I undertook for the benefit of some of the guys out there trying to build bankrolls, but first, a word on G2E. G2E is the largest gaming show—it’s held in Las Vegas and pretty much every vendor to casinos is there pitching their wares. I was out there researching player tracking systems for a project I’ve been working on. A few minutes after I got there, I noticed a forum discussion starting with Gary Loveman (CEO of Harrahs), former Senator Alfonse D’Amato (now head of the Poker Player’s Alliance) and Terry Lanni, the head of the MGM/Mirage. I sat in and listen for about a half an hour. There were no major insights from the session, but the consensus was that legalized online poker is coming.

Walking the show, I noticed at least three vendors (maybe four) of automated poker tables. Lederer and Ferguson were pitching one of them (Lederer was looking particularly freakish, weird and not very young) and there was activity at all three or four booths, but from what I’ve seen locally in Southern California (Hollywood Park et al.), the early results with automated tables are nothing special. I think there’s a role for them in a smaller 2-3 table club or in larger clubs for single-table tournaments (satellites) or heads up play. But, for the most part, it’s still early in the game for the automated table guys.

Overall, it’s clear from looking around that poker is still the red-headed afterthought of the gaming industry. The show is still all about the slots and financial services (ATMs, cash advances, etc.), although technology is taking more and more floor space every year. Oddly enough, relatively few web services are on display and given the generally poor state of casino websites and how much more important the web is to all companies marketing plans, that’s bound to change. It’s amazing to me how many casinos will acknowledge that 1) their website is lousy and 2) acknowledge it’s the first place visitors go when planning a trip…yet do NOTHING to improve it. Even sophisticated marketers seem to whiff their site. See, for example, www.wynnlasvegas.com. Steve, tell us about the restaurant again…no, please, we want to here it again...flash is fine…

A few thousand hands at low stakes NL

Anyway, on to the "few thousand hands" part of the post. I’ve read a number of blogs in which guys are trying to build a bankroll but suffer swings and get discouraged. I may be being a bit harsh here, but I’d argue that a lot of those “swings” are actually the result of erratic play. You can, in fact, grind out a decent earn and build a nice little bankroll through aggressive, but thoughtful play. Even on Full Tilt.

Post-UIGEA, I withdrew most on my online bankroll (call me a little old lady) but still had a few dollars in my Full Tilt account. I had some IM chats with Landlord79 in which I critiqued some of his plays and figured it would probably be more compelling if I logged a few thousand hands and posted the results.

I started with about $100 overall and sat admittedly underrolled in $.10/$.25 NL playing very basic TAG strategy. After I had a few hundred dollars, I moved up to $.25/$.50 NL to bang out another 10,000 hands. The results:


PT Stats

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Graph

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In most simplistic terms, my strategy could be summed up as follows:

Respect early position raises.

Raise pre-flop in position and continue if 3 or fewer players.

Avoid stacking off with over-pairs to limp/callers.

If I think I’m beat, fold.

Repeat ad nauseum.

Of course, I had my share of mental lapses and dusted off my stack light. See hands 8500-9500. I’m telling you right now those weren’t so well-played. I also had my share of brutal two outers, runner runner suckouts and not so brutal but nauseating nonetheless 2:1 favorites getting turned or rivered. I think I played great between hands 11,000-13,500 but, as you can see, had nothing to show for it.

As a practical matter, all the hands were played in full ring on Full Tilt. A fair number of the hands were single or double table play while doing other things. At most, I multi-tabled 8 tables, but those were relatively short focused sessions. I can play pretty well at a rate of about 300 hands per hour. Above that, it’s hard to say.

In any event, the point is I managed to build up a what would be a workable bankroll from a modest amount of starting capital. It’s not a huge sample size, and I'm not saying it's a great living, but it’s enough to show that a lower stakes player can build a bankroll without wild swings. You just need to stop spewing and start thinking. And raise in position, please. Note: if anyone wants more PT details or wants to comment, feel free to post me.

Anyway, that's it until I report back from the Club One event. Before I sign off, though, I’ve seen the new TwoRags home and blog pages. Very, very nice. I haven’t been this excited since the Patriots put the Colts on season tilt two weeks ago. Ha!

Interview with "Silent Mike" Baxter

You know that feeling when you’re watching High Stakes Poker and a guy you used to hang out with pulls up a chair, drops a couple of hundred grand on the felt and promptly stings Phil Hellmuth for another seventy? No? Well, that’s what happened to me about a month ago. Now most guys might call him up and try to scam their way onto the show, but not me. Instead, I shook Mike down for an interview!

Mike was a Stanford classmate of mine and is now a hedge fund manager who lives in Los Angeles with his wife, one son and two daughters. You may have seen him on Episodes 2-7 of season 4 of High Stakes Poker in which he also stacked Eli Elezra with a set and Sammy Farha twice (both times with top pair). He did manage to dust off 100 grand to Elezra in his last hand but shrugs it off later in this interview.


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In August 2007, Mike won Event #21 of the Legends of Poker $2k buy-in event, besting a final table that included tournament regulars Jimmy Tran and Shannon Shorr. It was his first hold’em tournament ever. I hate guys like Silent Mike.


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A couple of us had the chance to spend some time with Mike early this week and ask him some questions about his recent poker experiences.


EdmondDantes
Hey…nice to see you, Mike. Congrats on your TV appearance and your Legends of Poker win. I have to tell you, I almost spit Diet Coke out my nose when you walked on the set and sat down.

Silent Mike
Thanks, I had a lot of fun.

Nath
So, what drew you to poker originally? Do you play a lot in LA?

Silent Mike
I’ve always enjoyed games ever since I was a kid. I like analyzing risk and developing what I think will be winning strategies. I played a little bit in college and b-school years ago. There was some dingy card room near the Stanford campus, I can’t even remember the name of it. In LA, I just got hooked up in a home game and that’s pretty much all I play.

Bond18
How exactly did you end up getting invited to the High Stake Poker game? And are you going back next year?

Silent Mike
I met Mori, the producer, in a home game I play in and he invited me to play, so I figured why not? I’m not sure what the plans are for next season, but if I get invited back, I would love to play again. It was a crack-up and my kids got a kick out of seeing their dad on TV.

EdmondDantes
Tell us about the format. How long did you play?

Silent Mike
I think I played ten hours total – four the first day and six the second day. They obvious edit out some hands.

Bond18
We assume you watched the episodes in which you played. Can you comment on the difference between what we see and what actually goes on? For example, it looks to us as if Jennifer rarely plays a hand. Is this true, or does it just appear this way from the editing? Approximately what percentage of the hands do they actually show?

Silent Mike
Well, as you probably know, most hands don’t get all that exciting and they select the bigger hands. The tighter players will get less action when they do play so the hands are not quite as entertaining, I guess. I’m pretty sure Jennifer played more hands than those they showed. They’re just picking ones that have some drama to them.

EdmondDantes
Any fun hands we didn’t get to see?

Silent Mike
I actually got deuce/seven six times and bluffed it through four of the times. I think they only showed two.

EdmondDantes
Nice.

Bond18
You looked very comfortable at the table with these big name pros. Did you have much experience playing in games this big and with players of this caliber?

Silent Mike
For some reason, I always feel comfortable playing games. This is obviously a big game but once you get into the rhythm of it, it’s just like any other game. Plus, I’ve played in games with some of these guys before so, other than the cameras, it wasn’t that uncomfortable. ‘Cept, of course, for my bust-out hand.

Nath
From what I saw you seemed to play well, but you've got to be aware that the "pros" consider you a "fish", right? How does that translate the table? Do they make it a friendly place to play or are there some guys who make it obvious that you're the reason they're there?

Silent Mike
Like I said, I enjoy the rhythm, and the interaction between people is a big part of that. I actually liked everyone, even Hellmuth when he wasn’t telling me how horrible I was. [Laughs] I imagine I am a fish relative to these guys who play everyday. I feel like I can play reasonably well, but I definitely don’t have the experience these guys have—particularly putting guys on hands.

Bond18
Did you have a specific strategy going in? From what we saw, you seemed to be willing to mix it up and play a wide range of cards. Is this simply the way it looked because of the editing and hands they showed or were you really playing this loose? If so, what was your thinking here?

Silent Mike
For me, cash games and tournaments are very different. In cash games, I do play a fairly wide range of hands because often times sketchy hands yield the big payoffs. Obviously, it’s important to change your ranges based on position and the players you suspect will be playing the hand post flop.

Bond18
Nice call with the JTo against Hellmuth (Episode 3 (1/4) at 2:50 below). I think the turn call is really standard, but the river was tough. One thing to consider is going into the turn when you check you need to have a plan. When you quickly check, then Phil bets, and you think it over a ton, you're telling Phil you're not really sure of your hand strength. In the future, consider pausing before you check, coming up with a rough plan for Phil's action, be it check, bet of 1/3rd pot, 2/3rds pot, full pot, things like that. Otherwise, you give him to good an idea of where you're at…unless of course you're setting him up to bluff the river with what's basically acting.

Silent Mike
I appreciate the advice. I was definitely not trying to induce a bluff. However, I thought the river an easier call than the turn. Remember the deuce/seven side bet changes your range of possibilities. By the time I called, I felt like there was a good chance I had the best of it. With that board, there were a lot of great possibilities, and his betting did not make sense to me. If he had made a straight or a set, I would have expected a bet that he wanted called. Plus he couldn’t be that confident top pair was good there either. His bet was too big if he really wanted a call.


Episode 3 1/4




EdmondDantes
Looks like you missed a bet in the AJo hand (Epsiode 3 2/4 at about 3:40 below) where you flopped two pair against Matusow but check the river.

Silent Mike
Absolutely.

Bond18
Yeah, did you really think he'd check a better hand to you 3 times?

Silent Mike
Probably not. But remember, at the time, I had been getting good starting cards and playing a bunch of hands. For some reason, I was afraid he might be trapping and I was still just getting oriented to the game.


Episode 3 2/4




LakeofFire
In the hand where you held AK v Matusow's AQ (Episode 3 4/4 at about 3:00), you raised pre-flop to $3k and he called.

3AJ flop. You bet $6k and he raised another $10k. You called.

Matusow bet out on the 8 turn for $15k and you called. And then bet the Q on the river for $30k.

Can you walk us through your thinking? Worried about a set or two pair? Why didn't you re-raise the turn with a flush draw on the board?


Episode 3 4/4




Silent Mike
I actually put him on an ace with a weaker kicker and figured I’d probably get paid more letting him bet into me if he didn’t have the two pair made yet. I don’t remember thinking for a second he might be on a flush draw. I also wanted to mix up my play. I had been the aggressor in a number of hand before that, and I thought it might be good to show I could be a bit more patient.

Bond18
When you raise Phil Laak on the A63 flop with AT (same Episode 3 4/4 above at about 5:00) are you comfortable getting it all in against him? Otherwise, why are you raising on a flop of this texture?

Silent Mike
Like I said, the deuce/seven changes the texture of the game. I would categorize that raise as more of an exploratory raise. I’d rather find out then what he might have, plus I had position on him. Obviously, I would have had a hard time calling a re-raise.

LakeofFire
Walk us through the thinking when Farha played the hand dark (Episode 5 4/4 at about 6:00). What range of hands did you put Sammy on when he moved all in on an A high board? It was the hand where you called his shove with A9o.


Episode 5 4/4




Silent Mike
Sammy was playing extremely loose, and I figured he would expect me to make a move on him with position no matter what. I figured I was stronger than he suspected and decided it was worth a call. Basically, I was playing the player more than playing the hand.

Bond18
Did you find playing mostly straightforward in this game would be highly profitable due to everyone constantly trying to out maneuver each other with fancy plays?

Silent Mike
I played two days and the tables were very different. A straightforward style would have been most successful the second day and that’s exactly how Negreanu played it. Needless to say, he’s pretty good.

EdmondDantes
We saw you outplay Hellmuth and stack Elezra and Farha. Are you aware that if you had hit the open-ended straight draw on Hellmuth (when he had the set and you had 32 in Episode 4) the poker world would be building a shrine to you?

Silent Mike
It would have been nice.

EdmondDantes
Ok, I have to ask. Your bust-out hand (Episode 7 2/4 about 10:15), the KQo over call with Eli Elezra still to act, looked pretty awful from my couch. Was there something else going on there that we couldn’t see? Late for a flight?

Silent Mike
I wish I could use that as an excuse. I had already announced that it was my last hand, and I wish I had left one hand earlier. That said, I don’t feel that it was quite as poor as it looked on TV. With 55k in the pot already, I knew Sammy would make a move with anything and I felt that I had ten outs (4 tens, 3 queens, and 3 kings) against him. Plus, with us both all in, we’d have an opportunity to negotiate some sort of deal. Jamie had folded out of turn, and I knew Elezra only had slightly more than Sammy.

I went all in thinking I could possibly get Ely off a hand by looking stronger, and if he made a call, I still had four outs there. He made a good call, and I looked like a donkey thinking my gut shot was worth an all-in bet. However, if Ely had folded, I believe I would have had positive expected value for calling Sammy with $125k in the pot. As it turned out, Sammy had one of my tens and I put $75k into the pot that only had $35k of expected value.

Needless to say, I needed a lot of things to break my way for my all-in move to have had positive expected value, and then I needed to get lucky on the turn or the river. It’s not my proudest moment, and it was probably time for me to leave.


Editor's note

If you're curious, Mike’s bust-out hand develops in Episode 7 2/4 at about 10:00.

Episode 7 2/4



Mike raised $3k with KQ.

Jamie Gold called with 64.

Eli Elezra raised to $13k with AA

Sammy Farha called with T7.

Mike and Jamie both called. Pot = $53,000

Flop was J 7 9.

Sammy moved in from the blind for $67,000. Total pot was $120,000.

Next to act. Mike says “One sec.” and Jamie folds out of turn thinking Mike has folded. It’s $67k to Mike to call; he thinks for a second and MOVES in for his last $75k with two overs and an inside straight draw.


Episode 7 3/4




Against Sammy alone, Mike was about 30% to win the hand from the flop. Interestingly, if Sammy had moved in with only an open-ended straight draw (86, for example), Mike would’ve been a 2 to 1 favorite to win the hand versus Sammy alone. But assuming Sammy’s moving in with a pair and a draw, a draw or a monster, you can figure Mike’s EV using our Evaluator as seen below.


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As you can see in the calculation above, at best, it’s a breakeven proposition. If you want to run it yourself, try the TwoRags EV tools..

The bigger problem, of course, is that Eli is still to act with his aces and calls the additional $75k. Total pot is $271k-ish.

With Eli’s AA in the mix, Mike is a big dog…

AA 61% > T7 26% > KQ 12%

and needs running kings or queens or a jack. They run it twice, there’s no help to Mike either time and he’s out, down $2k for the two-day session.

*End of editor's note*


Bond18
How much did you win in this game in total?

Silent Mike
I won $170k the first day and lost $172k the second day. I finished down two grand for the sessions.

BadgerPro
Ok, how about some player observations…

Bond18
Yeah, what players were you most impressed with? What players were you least impressed with?

Silent Mike
First of all, I like everyone. Even Hellmuth surprisingly. I didn’t mix it up much with Daniel, but I think he is incredible. All those guys have had great success and I wouldn’t like to make any conclusion based on ten hours of play which I think has almost no statistical significance. Ask me after 1000 hours. Mori, you listening? Invite me back!

Hellmuth…as self-centered as he seems?

Silent Mike
Probably, but he’s actually pretty funny if you don’t let him get to you.

Bond18
Matusow…would you stake him?

Silent Mike
I would be unlikely to stake anyone. My view is that if you’re that good, why do you need to be staked?

BadgerPro
Laak...was Jennifer Tilly sweating him?
No.

Bond18
Harman…did she even play any hands?

Silent Mike
She played pretty tight which was probably the best strategy at that table.

BadgerPro
Farha…was he nice about you taking his money?

Silent Mike
Farha & Elezra are both fun to play with. But you honestly never know what Farha’s playing. Eli’s a little more straightforward.

Bond18
Daniel Negreanu?

Silent Mike
I didn’t play too many pots with him, but from what I saw there and have seen on other episodes, he’s pretty good at reading people. And I did learn that he’s a vegan.

Bond18
I read somewhere you have had experience playing in LA with Jamie Gold. How would you rate his game? Is he as irritating as guys say he is?

Silent Mike
I like Jamie, and he has never been anything but nice to me. His game is very entertaining to say the least. He can pretty much have any hand in any situation. And he definitely likes to bluff.

Bond18
If you could punch one player in this game with impunity, how many times would you end up punching Hellmuth?

Silent Mike
None. I actually have a lot of respect for him. Phil obviously thinks highly of his own game, but, you have to admit, he’s got some game. I think the fact that he can get in your head even when he is losing is a part of why he is so good. Plus, everybody else at the table was teasing him when he was talking about me in the third person, so it was easier to take.

Bond18
Come on, how big a fish is Bob Safai?

EdmondDantes
Ok, enough. You’ll have to forgive Bond18. He likes controversy, and you’re obviously trying to get invited back.

Silent Mike
I love Bobby. He plays in the home game sometimes. He’s a good guy, and I know he could have some big nights. He also won $200k for the two days while I ended up losing $2k so I can’t really call him the “fish.” [Laughs]

Nath
How often do you talk to other poker players outside of the game setting?

Silent Mike
Not that much. Everybody pretty much has their own life.

BadgerPro
Let’s rate the cocktail service. Blonde or brunette?

Silent Mike
I think my wife is hotter than either waitress.

EdmondDantes
Nice save. Ok, tell us about the Legends of Poker event. How did you happen to play that particular event? Was it really your first ever?

Silent Mike
I never played a tournament until this year. After HSP, I got it in my head that I’d like to see if I could play in a tournament format. With three kids, a wife, and a full time job, it’s difficult to fit a big multi-day tournaments into my schedule, and I didn’t have much interest in the $30 buy-in type event. The WSOP event that fit my schedule was the Omaha $10k buy-in. I decided to try it even though I’m not an Omaha player. I busted out with five minutes left in the first day but really enjoyed the challenge and felt like making the top 20% was a good start.

The next tournament I played was the Legends of Poker event, and I clearly had some good luck. I haven’t had a chance to play another one and I didn’t get to play the WPT event at the Bike even though I won a seat by winning the $2k buy-in event. I’m looking forward to playing another big event, though. It was a blast.

EdmondDantes
Any interesting hands on the path to the final table? Any gross suck-outs to get there?

Silent Mike
I never really was short stacked throughout and I was the chip leader going into the final two tables. Probably the biggest hand was cracking pocket aces with a flopped two pair. I was in the big blind and the aces had only made a minimum raise so I sort of fell into it.

EdmondDantes
Jimmy Tran and Shannon Shorr were at your final table. Any observations?

Silent Mike
Not really. Like I said, I’m new to tournaments. And everyone was new to me.

EdmondDantes
Ok, a couple of the guys want to know what you do.

Silent Mike
Shoot.

Nath
What’s a hedge fund manager do? In other words, what do you actually do for a living?

Silent Mike
I manage money for high net worth individuals and institutions. We try to put together a portfolio where our longs outperform our shorts. So far, we’ve been pretty good at it. I pretty much spend my day analyzing investments and positions and figuring out where we’re going to invest next.

Nath
What do you think you've learned in the business world that translates to poker?

Silent Mike
With investing, you want to develop edges and investing patterns that lead to repeated success. You also want to make investments appropriate to your risk tolerance and the conviction you have in your edge. Needless to say, these have relevance to poker strategy.

Nath
What do you think about all the kids who currently play for a living? Any advice you would give to them, coming into a relatively large sum of money at a young age, as to how to manage it for their future?

Silent Mike
I would think playing poker full-time would be a tough life. And if you make some dough, save it. It’s a lot easier to lose than it is to make.

Nath
How much effort do you put in to try to improve your poker?

Silent Mike
I like the game and have gone through different phases in my life when I have read a number of books and run numbers on various scenarios. Most recently, I’ve been trying to work on my tournament strategy. Historically, I’ve been strictly a cash game player.

LakeofFire
What poker books have you read? Any ones you thought were particularly good?

Silent Mike
I found Harrington’s books on tournament play to be particularly helpful to me.

EdmondDantes
What’s your favorite casino/card room? Favorite game?

Silent Mike
I don’t play much in card clubs. Just home games mostly. And on TV. [Laughs]

EdmondDantes
Ever play online at all?

Silent Mike
Never for real money.

EdmondDantes
Play money? Seriously?

Silent Mike
Yup. The only hold’em tournament I played prior to the Legends event was a play money event on Full Tilt.

EdmondDantes
Ha!…that’s classic. What’s next? Any tournaments coming up?

Silent Mike
I would like to play some more tournaments but haven’t found the time yet. I’m definitely up for it, though. Let me know next time you’re going to Las Vegas and we’ll mix it up.

EdmondDantes
Definitely. Well, listen, thanks for spending a few minutes with us. We appreciate the look from the inside of the HSP game and the LoP event. If you get invited back, don’t forget your friends at TwoRags!

Silent Mike
No problem. See you at the tables!

On pianos, iPhones and updates

Ok, so I haven't updated since Swami54 ran over me in the unofficial 2R last longer. But that doesn't mean I haven't been busy. Oh no, in fact it's been just this side of chaos at chez Edmond.

First, I was in NY last week and took Adanthar and his wife on a little tour of my stomping grounds when he had a moment in between AP scandal updates. For those interested, here's a little taste of the tour as presented by an award-winning film-maker.

Note by Note - The Making of L1037

By the way, that trailer features a comment by Harry Connick, Jr., a New Orleans native and jazz pianist. You may have seen him in Will & Grace. See him in concert...with a girl.

Second, I got my wife an iPhone for her recent birthday and while the activation of said phone was a breeze, the upgrade of her computer (because it didn't have USB 2.0 port) was less so. Ended up getting her and new MacBook Pro and after a couple of days of screwing around with iTunes libraries and a other file transfers, that little nightmare's over. On the plus side, she likes her phone. She did, though, ask me if I thought it was too big for the case I got her. I was like..."Are you seriously asking me if your phone looks fat in that case?" She's the best.

Third, had to work on a couple of letters of rec ...one for a guy who used to work for me--last minute, London School of Economics...he's now in. And then one for a friend's son's PRESCHOOL application. That admission is pending. LA's a sick place.

Finally, we've been working on lots of cool new site improvements. Over the next few weeks---server willing--you'll see some great features for live tournament updating, exclusive video/instructional content, an interview with a High Stakes Poker player and a home page redesign to improve site navigation. I haven't had this much trouble sitting still since Season 1 of Prison Break. Seriously.

Edmond
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