Wednesday, January 31, 2007

DAMMIT, DAMMIT, DAMMIT!



Was surprised to find a $10 razz SNG tournament today with Chris "Jesus" Ferguson sitting at the table over at Full Tilt Poker this morning. Was even more suprised to find seats open.

So I sat down, with my sole focus, my sole intention to get to heads-up with him and then beat him.

I accomplished the first objective, but I came up short on the second. At one point, I had him against the ropes, but I got caught being a bit too aggressive and handed the game to him.

It was a very fun tournament, for the most part. Jesus and I both got a bit short-stacked early when we tackled a self-professed "first time razz player" in one hand. And, later on, we both got back our chips and more from the same player. Then, after about the third or fourth level, I took command of the table and built a huge lead. I squandered some of it trying to knock out a couple of short stacks, and when we got to heads-up, Jesus and I were fairly close in chips, with me holding a very small advantage.

Early on in heads-up play, I tried to play too cute and allowed him to build a 5-to-1 chip lead. From there, I buckled down and slowly chipped away, then caught him in a big pot that gave me a 2-to-1 lead. At that point, I started bullying him, but he was patient and finally reversed our fortunes once again in a very close hand that came down to the last card for both of us. From there, I kept losing until he once again had the 5-to-1 lead, but closed to within 3-to-1 when we came down to the final hand and once again played a close one that came down to the last card for both of us. Advantage, Jesus.

I was so focused on trying to beat Jesus that when it was all over and the little box popped up telling me that the second-place prize had been credited to my account, I was a little confused, thinking, "But I lost! Why am I getting money?"

I guess I have to be somewhat happy with how I played. I was able to get to heads-up with one of the smartest, best players on the planet, I didn't crumble when he took an early lead, and I fought back and put myself in position to win. The heads-up game lasted a good half-hour before I finally caved in. On the negative side, though, I doubt that a $10 SNG brought out his best game. Obviously, he is the better player. That's why he's on TV and sitting on gargantuan piles of money, while I'm slaving away at a job I hate and throwing money away at the poker table.

Still, if we were to sit down and play 10 matches, I bet I could win four of them.

Lots of fun, to be sure, but I'm biding my time now, waiting for my chance at a rematch. You're on notice, Mr. Ferguson.

Poker Headlines - Wednesday, Jan. 31

Poker star tied up and robbed with his own shotguns - Houston Chronicle

Poker player "Amarillo Slim" not hurt in home robbery - KETK 56 Tyler

Man loses wife at poker - Ananova

World Poker Tour Final Table Today - Bluff Magazine

LA Poker Classic Breaking Records - CardPlayer.com

Friends play poker in remembering Lidle - MLB.com

Mystery of World Series of Poker 'Bubble Boy' Solved - PRWeb via Yahoo! News

TV poker dealt a perfect hand - Cambridge Evening News

Video poker thieves caught on tape - KVBC Las Vegas

World Series of Poker lands in Bluffs - Council Bluffs Daily Nonpareil

Poker Player Wins Biggest Backgammon Tournament - CardPlayer.com

Montreal Open Full Tilt Poker Tournament - MediaSyndicate

Online casino and poker players view gambling as a form of leisure activity - Bookmakers Review

Microsoft delivers Texas Hold'em Poker among other things for Vista Ultimate users - DailyTech

Euro Poker News: Poker in Scandinavia - CardPlayer.com

Lightning Poker officially signs with Shuffle Master - Casino City Times

Thursday, January 25, 2007

Poker Headlines - Thursday, Jan. 25

Pittsburgh Man Wins $192,975 at Borgata Winter Poker Open - Yahoo! News

Jeff Haney on the new schedule for World Poker Tour's sixth season - Casino City Times

Video poker kingpin loses big - Pittsburgh Post Gazette

Shuffle Master, Inc. Announces Exclusive Distribution Agreement - Business Wire

Third annual Heads-Up Poker Tournament returns to Caesars Palace - Casino City Times

The State of Poker - Bluff Magazine

WPT @ Goldstrike World Poker Open - Main Event - Day 4 - Pokerpages.com

Euro Poker News: The State of Poker in Holland - CardPlayer.com

Swedish Player Wins Poker Tournament - OnlineCasino.org

Boys' poker night is heaven for the girl - Boston Globe

Poker games near you - The Plain Dealer

World Series of Poker Tournament of Champions 2007 - The Age

Poker - Arizona Daily Star

Legislation makes poker political game - Palm Springs and Coachella Valley Local News and Guides

Wednesday, January 24, 2007

Poker Headlines - Wednesday, Jan. 24

Tuesday, January 23, 2007

Poker Headlines - Tuesday, Jan. 23

Monday, January 22, 2007

Shit

OK, I see how it's going to be.

I get sick with the flu last week, and as I lie in bed having my ass beaten repeatedly by illness, Neteller gives American poker players a brief wave and disappears without so much as a courtesy email to say, "See ya!"

This is a harsh blow for U.S. players and online poker, one that will probably take a while to recover from. Certainly longer than it is taking me to shake off this influenza virus.

At first, I figured maybe this isn't so bad, maybe I will just have to open an account with some other e-wallet. After spending about an hour going from site to site, however, I can see this isn't going to be easy. As far as these services go, there really is nothing as cheap, as easy and as universally accepted as Neteller. Click2Pay looks nice, but it isn't accepted at all the different sites I play, and I really don't want to open more than one account. Epassporte does seem to be accepted at most of the places I play, but damn, they have an awfully long list of service fees and account limits that aren't friendly to my needs. As such, I still haven't made a decision what I'm going to do.

And there's a nasty bit of double suckage in all of this for me. As a poker affiliate, Neteller has been my method of choice for receiving payments from the sites, but that's out now, too. Now I've had to switch to getting paid by check, which takes far longer to arrive and has me wondering exactly how much longer the banks are going to honor checks from gaming sites.

Not too long ago, that wouldn't have been such a big deal. It would have been a loss of a little bit of money, but one I could survive, no sweat. However, over the past few months, my affiliating has really taken off. In fact, in November and December, I managed to make as much as a poker affiliate as I did at my "real" job, a development that had a positive impact under the Christmas tree, I can tell you.

Now, however, not only is it getting harder to get paid, but revenues over the past few days have been cut considerably, a direct result of U.S. players suddenly being unable to fund their accounts through Neteller. For example, I had been averaging roughly $65 a day in affiliate revenue at my most successful program. The first few days after the Neteller announcement, that was cut in half. That sucked but I wasn't too hurt, since it was still considerably more than I had been making just a few months ago. This morning, though, I logged in to look at yesterday's earnings, only to find that I had made a whopping $7 on Sunday.

Ouch.

It's enough to make a fellow spend all morning researching how to open an offshore bank account in the Caymans.

As a point of information, it isn't as easy as walking into your local bank and opening a checking account. Many of those places want a fairly steep opening deposit -- say, $500,000. There are others (www.caymannational.com) where you can open an account with just $1,000, which would be ideal for someone like me, assuming my affiliate revenues pick back up. But your average John Doe isn't going to fork over that much just to play nickel-and-dime online poker, which means my affiliate revenues are probably going to be on a downward spiral for the foreseeable future.

And, to top it all off, my beloved New Orleans Saints decided to stop playing about midway through the third quarter of yesterday's NFC championship.

This paragraph is the one where I would try to tie everything I've said above together, maybe ending with some clever quip or another. However, as bleak as everything is looking right now, the best I can manage is to just tie my ending back to the beginning by offering the title of this post as my reaction to all this news.

Poker Headines - Monday, Jan. 22

Monday, January 15, 2007

Poker Headlines - Monday, Jan. 15

Thursday, January 11, 2007

World Series of Hold'em no more

The schedule for next year's World Series of Poker is now out, and I have to say I am quite pleased with what I see.

Over the past couple of years, Harrah's had increasingly put the focus on Texas hold'em, since that was the game the public had become enamored with, and eliminated or put on the back burner most other games. I thought that was bad for the game as a whole, and certainly made for a much duller viewing experience.

This year's schedule rectifies that somewhat, increasing the number of events from 46 to 55 and filling those new holes with a bevy of games. The $50,000 HORSE and $10,000 Omaha events are still around, and there are stud, Omaha, SHOE, razz and triple-draw events. Other new wrinkles include mixed hold'em events (half limit and half no-limit) and a heads-up championship, which is an obvious counter to NBC's National Heads Up Championship. Of course, the traditional casino employees', ladies' and seniors' events remain on the schedule.

You can check out the full Harrah's announcement by clicking this link.

Poker Headlines - Thursday, Jan. 11

Tuesday, January 09, 2007

Poker Headlines - Tuesday, Jan. 9

Monday, January 08, 2007

Poker Headlines - Monday, Jan. 8

Friday, January 05, 2007

Losing the battle of self-control

What say we get this party started?

Having taken off from blogging the past couple of months, it would be nice to come back with some grand revelation, some bit of truth to make it all worthwhile.

Sorry to say, that's not going to happen.

However, I have had some time to reflect on things and I have come to some conclusions. Chief among these is that I just don't think I'm ever going to become as good a poker player as I had hoped to be. If anything, the past year has seen my game deteriorate to the level that I often find myself the biggest fish at the table.

Funny how it's worked out that way. When I began this odyssey, I would have thought that the more time I put into the game, the better I would get. Instead, I now find myself playing in the ever-elusive hope of hitting the home run, making the big score. As I've found out, as I've really known all along really, poker does not lend itself to finding much success that way.

Poker is a game of patience. Long-term success, as far as I can gather, is contingent upon being satisfied to win small pots, only occasionally taking down the big monster. It means, for example, sitting down to a session with $100 and being satisfied to walk away with $105 or $110, if that's all the cards will reasonably allow, rather than being disappointed in not winning enough. Or it might mean walking away from the table with a small loss, if that's all the cards will reasonably allow.

Taking an honest look at my game, I can now see that I've only been successful in maintaining that discipline for short periods of time. I can start small and be satisfied to win small, but only for a little while. Over time, however, I begin putting pressure on myself to win more and more. I begin saying to myself, "I've won about $10 a session the past five sessions. That is not successful, because I need to win more if I hope to someday make a living at this game." So I start setting goals of making $20 a session or $30 a session. Then I'll hit one of those jackpot sessions where all the cards fall my way and I end up making a couple hundred over a short period of time, and I'll begin expecting myself to duplicate that success every time I play.

It's just not possible. During a brief, lucky run, it might be possible to play correctly and catch the right cards to give one's bankroll a huge surge. In order to continue having that level of success, one would have to seek to constantly play big pots. However, playing big pots means taking more risk, and taking more risk means losing more often than you win, and losing larger sums more frequently. It doesn't take a genius to figure out that if you lose larger amounts more often than you win, you're losing, period. "Trying harder" to win -- by making bigger bluffs or overplaying marginal hands -- isn't going to solve that problem.

In most things in life, setting goals leads to success, as long as you set reasonable goals. If you're goals are unreasonable, however, you are doomed to failure, both in perception and in reality. Ever since I fell in love with this game, it has been my goal to be a winner at it, and to win enough to someday make a living at it. That goal may have hurt me more than it has helped, because as time has passed, I've felt more and more urgency to make it come true.

Anyone could tell you that it is ridiculous to deposit $50 in a poker site and expect to begin immediately winning enough to make $50,000 a year. That is an unreasonable goal, and while it is not one that I have ever voiced in those terms, it is one that, in a sense, I've been trying to accomplish. I'll deposit that $50 and begin thinking to myself, "Okay, I'll start out playing the 0.10/0.25 stakes. Once I double it, I'll start playing 0.25/0.50. Once I double it again, I'll start playing 0.50/1.00. And I'll just keep doing that until pretty soon I'm playing 100/200 and making piles of money." Simple, right?

Well, actually, it isn't.

The sad part is that I know all of this, yet I've not found a way to maintain the discipline needed to continue building upon short-term success. I can do it for a little while and slowly build my bankroll. But eventually I'll start swinging for the fences every time I play again. I'll become dissatisfied with getting the consistent small wins and look for the larger and larger wins, risking more and more until I risk it all and eventually have to start back at square one. And I think every time I have to begin again, I have even less patience than before and more expectation to win faster so that I can "get back to where I was."

So, realizing all of this and seeing the problems I'm having, I should be able to fix it, right? Honestly, I don't know that I can. I'm beginning to suspect that this tendency to snatch ultimate failure out of the jaws of initial success is such an integral part of my character that I might not be able to change it. Perhaps I am just doomed to be a long-term loser at poker. If that's the case, I'll have plenty of company.

So what does this do for the five-year plan to become a pro? I'm seriously beginning to think it's all a pipe dream. I might be smart enough and skilled enough to play successfully for a short time, but experience has shown me that I haven't been able to maintain the patience and discipline over the long haul. That doesn't mean that I'm giving up the game, because I still have fun playing. As a hobby, it beats stamp-collecting. But maybe it's time to set aside the notion that it will ever be anything more than that. Maybe someday I'll be old and wise enough to conquer the demons that prevent me from reaching the level of success I would like, but I'm not going to hold my breath waiting for it to happen.

Damn ... this post is ending on kind of a downer, and that's not what I intended at all. In fact, things have been looking better than ever for me lately, but I've rambled on so long about this that I don't think I can just switch gears and start writing about the positives. Instead, I'll just let that wait for the next time. That way, at least I'll know I have something to write about.

Poker Headlines - Friday, Jan. 5

Thursday, January 04, 2007

(Almost) ready to return

The time away has been good for me. I've been able to clear my head a little and develop new perspectives on poker, on the business of poker and the government's attack on poker. I've also had the chance to reevaluate exactly what place I would like occupy in this 52-card microcosm.

Unfortunately, all that will have to wait, as work beckons. However, I should be back soon. Until then, I will leave you with a look at the poker stories in today's news.

Poker Headlines - Thursday, Jan. 4

Poker Player's Chance - Cumberland Times-News

Chuck Blount on poker: Instincts, pragmatism best used in tandem - San Antonio Express News

Playing Poker by Daniel Negreanu : Hot streak is a definite psychological advantage - Arizona Daily Star

New Tools for Online Poker Players in the New Year - PR Web via Yahoo! News

CEO Poker Tournament Announced at The Trump Taj Mahal - PR Web via Yahoo! News

Ambassador of poker aims to offer helping hand - Royal Gazette

Online Poker Offers Playboy Bash - Online Casino News

MANSION Poker Declares First Winner of $100KA-Day Tournament - PokerNews.com

Two Online Poker Rooms Stay by Playtech - Launchpoker.com

Women and Poker: A 2006 Retrospective - PokerNews.com

Weighing the Odds in Hold'em Poker - Poker Forum

Online Poker Player Wins Mansion Hand - Online Casino News