Thursday, May 28, 2009

Tournament Play


When Barry called and told me to meet him at the Eastside Cannery Casino I expected to see something right out of a Steinbeck novel. Opening in August just last year, the modern architecture put that image to rest. Once inside, the decor does lean toward nostalgic Americana and the music is constant oldies, but not swing. Of course, everything is new and really nice and much less expensive than on The Strip. The value needs to be there to draw tourists six miles to the east. Two reasons for coming: The lunch buffet was on special for $5.99 and the Poker Room was holding a $27 buy-in No Limit Hold 'em tournament.

There were twenty players in the tournament. Two tables. I decided to try my hand at a wild and aggressive style that could either build a huge stack or bust me out early. Whenever an opponent showed weakness I was right there with a raise to apply the pressure. As you would expect, eventually somebody would catch on and try to trap me. All the money goes into the middle and I catch a straight on the river to bust a big pocket pair out of the tournament. It is early enough in the proceedings that he buys in again at the desk and gets a new starting stack. I kept the pressure on and had another player all in when I held two spades including an ace and sent him down the river having caught the unbeatable nut flush on the last card.

Enough players busted out that we combined to one final table. We were now playing 200-400 blinds and I had a stack of over 8000, double the average. First hand, I was in the Big Blind. After a couple of players fold a lady with a smallish stack calls. I am thinking she must be weak or have a drawing hand. Two players behind her also call. With all this weakness showing I started thinking that a big raise might get everyone to fold. There was 1800 in the pot, so it would be a very nice pot to steal. I peak at my cards and verify that the only way I can win this juicy pot is to steal it. I had a seven-deuce off suit, mathematically the worst possible starting hand. I announced, "All in!" The lady calls me and the others fold. She showed ace-ten both spades. I sheepishly showed my cards and the table erupted with guffaws and cries of "Oh my God" and "Unbelievable!" The dealer put out the flop. It came out all red with a seven to pair me up. No help for her on the Turn or the River and my lowly 7-2 takes the pot. She stormed out of the poker room mumbling to herself.

Winning this pot is not as outrageous as it first seems. If you run a simulation pitting 7-2 against A-10 it comes out that the 7-2 is just a little worse than a 60-40 underdog. Maybe 65-35 because the A-10 were the same suit and can make the flush about 5% of the time. Besides that, I was thoroughly convinced that I was not going to get a call.

The more unlikely hand came on the very next deal. Now I was in the Small Blind. Gun shy, the table folded around to me. I have A-8 and raise to 2000. The man in the big blind had been playing very tight and aggressive and had 4200 chips left. "This should be a no brainer," he announced and after a few seconds of thought pushed all his chips forward. It would cost me 2200 more to try to win the 6200 already in the pot and this time my hand is a lot better than seven-deuce. I called. I was getting almost 3 to 1 on a call. His raise was a no brainer because he had a pocket pair of queens. Flop-Turn-River and the board showed 5-6-7-9-10. Another amazing come from behind victory with a lot of comments around the table. We shook hands and shook heads and smiled and shrugged, "That's Poker!"

I tried to tighten up after that but after another orbit I saw queen-ten and re-raised, the raiser went all in and I had to call. That raiser was the same guy that had bought back into the tournament earlier and had built a sizeable chip stack since then. I lost a big chunk of my stack to his ace-king, making him the new chip leader. I guess I was simply steaming because the next hand when that same player just limped with a call and I had another queen-ten I pushed all-in. He called and showed pocket Aces. Oops. I quickly went from second place with an excellent chance to win a few hundred dollars to busted.

Hopefully, I learned something about tournament strategy from this experience. The lesson was not free.

Wednesday, May 27, 2009

A Soft Opening Day

"Welcome to the 2009 World Series of Poker!" I say as I greet each player that comes to take a seat at Table 4 of the $330 Buy-in Mega Satellite Tournament, the first official tournament of the 2009 World Series of Poker. The prize for winning this tournament is a seat in the "Main Event", the $10,000 Buy-in tournament that gets television coverage and begins July 3rd. There were about 60 entries, so total prize money would be about $18,000 meaning that first place would win entry to the "Main Event" and second place would get $8,000 cash. When we get closer to July 3rd, this kind of tournament will get much more popular. Some days we could have 500 entries. That would mean that places 1 through 15 would each win the $10,000 entry into the main event.

WSOP uses a soft opening. They save the brass bands and fireworks for the opening of the Main Event and use these preliminaries to test systems and functions and also to complete setting up all the tables, registration booths and cashier's cages.

There will be 57 tournaments this year where the winner gets a gold bracelet in addition to the prize money. The first "Bracelet Event" is the Casino Employees No Limit Hold 'em Tournament. It has the smallest buy-in of all the bracelet events, only $500 and is a very popular tournament among the poker dealers in town. Last year first prize was over $80,000 plus the bracelet. Usually about 10% of the field "makes the money" and the smallest payout is typically double the entry fee.

Things went pretty smoothly for me on day one. My back hurts from reaching across the table for chips all day. Thankfully this year Jack Effel, WSOP Tournament Director, negotiated a deal with a furniture supply company to provide dealer's chairs with adjustable height mechanisms. You can't believe how much better it is to deal when sitting at the proper height. Last year dealers carried around multiple cushions or stacked chairs trying to get to the right position. Many thanks from 1000 dealers to Jack for getting us good chairs this year!

Tuesday, May 26, 2009

I'm baaaack!

No longer a rookie, but probably a little rusty. When I left last year I figured that having had the experience, I wouldn't want to return. Things change. I wasn't able to leverage my WSOP experience into a regular job back in Tampa. I dealt a few charity tournaments, but couldn't catch on to anything regular. When the WSOP invited me to deal this year, the thinking was that if I wanted to deal in the future, I should probably keep my hand in it and keep my experience relevant. The toughest part is being away from Lillian and home for six or seven weeks.

This year I again have some very nice acommodations, but in a different place. The Chapman BnB is no longer taking guests, so this year I am staying on the south side. The couple that owns the house lives in the master suite on the main floor while they rent out the three bedrooms upstaires. The place is neat, clean and located in a nice middle class kind of neighborhood. According to Google Maps it should take me 11 minutes to get to work. How? My friend and fellow dealer Barry put me in touch with the person he rented a car from last year. Barry drove from Tampa this year and didn't need to rent a car. So now I bop around Vegas in a 15 year old beat up Miata at about half the cost of the cheapest rental I could find at the airport. It runs. Tires are good and the A/C works. It has a tiny little oil leak but I think it will get me through the series.

Work starts today, May 26, 2009. Opening day. Only satellite tournaments and Live Action cash games today. The $500 Casino Employee Poker Tournament starts tomorrow to kick off the World Series of Poker. I decided to work rather than play in it. Maybe next year.