by David “The Maven” Chicotsky
There’s a common theme that we encounter in tournaments, especially towards the endgame, where we have to decide whether to make a play or save our chips for another hand. Many times, these plays are for a substantial percentage of our chips, if not our entire stack. The ever-increasing blinds (in many situations) force us to constantly accumulate chips. This poses two distinct risks: (1) the risk of not accumulating fast enough and having your stack blinded down; (2) the risk of making too many plays in an attempt to accumulate chips, causing you to bust from the tournament.
by Barbara Connors
In a game where aggression reigns supreme, raising with a good hand (or even a not-so-good hand) has become almost automatic for some poker players. Whether your hand is good, bad, or indifferent, it’s always easy to think of reasons to raise: to thin the field, induce a better hand to fold, charge opponents a high price to see the next card, gain information, enhance table image, and of course, the daddy of all reasons, to get more money in the pot when you believe you are favored to win.
By Stanley R. Sludikoff, Editor/Publisher
Back when Mike Caro and I started this newspaper, November of 1982; Mike was the Editor, and we discussed the idea of ranking tournament players. After much discussion, we abandoned the idea as having too many flaws to get an accurate ranking. Further, at that time, getting card rooms to supply the information needed was, at best, unreliable.
Over the years we have seen other publications and individuals create ranking systems, each one more flawed than the next, while some favored certain players (or events) over others. So we desisted from this task. We even came up with what would probably be the most accurate ranking, a sort of batting average, but, again, it required complete information from card rooms, all card rooms holding qualifying events, to be possible. This would include the identification of all people who played, even those who didn’t cash. As an example, who would you say is the better player: someone like Phil Hellmuth, who played in 2000 No Limit tournaments and won 12, or John Doe, who played in 20 tournaments and won 5? Since we don’t really know how many events they played in and lost, how can we tell?
by Lou Krieger
This is a continuation of sorts of my recent two-part series on stack sizes (read part 1 and part 2). This time we’ll develop hand values that relate to decisions you might make under conditions defined by a variety of effective stack sizes.
When You’re Short Stacked. Suppose you’re in a tournament and have only ten big blinds remaining. You can’t sit around and wait for a big pocket pair or Big Slick, because you’re unlikely to be dealt that kind of hand in the few remaining opportunities at your disposal. The effective stack size—the most you can win or the most you can lose—is 10 big blinds. While it’s a lot to you (since it represents your entire equity in this tournament) it might not mean much at all to an opponent with 40 or 50 big blinds in front of him.
by Shari Geller
Tracing poker’s history, highlighting its rise from the Moneymaker effect to its stumble in the wake of Black Friday, “All In: The Poker Movie” is a must see documentary for any poker fan. Director, Douglas Tirola had a difficult duty, trying to tell a story that is still evolving. He traces this uniquely American pastime from its outlaw roots, through its mainstream acceptance to the current murky state. But what comes through is the love that poker players have for this maddening game, and how that will ultimately lead to a new poker boom.
by Ashley Adams
In my last column I continued my tale of poker in the western prairie, leaving North Dakota for poker rooms in Montana. In this column I’ll continue with my journey and write about poker in Wyoming.
Wyoming is a testament to the importance of government and the law. You see, as much as we gamblers may be civil libertarians at heart—preferring for the government to stay out of our lives— when push comes to shove—the right laws can make for the ideal poker environment. Such is the case in Wyoming.
Delaware Park’s poker room has been known as a favorite for tv personality, Montel Williams, and more recently, for Olympian, Michael Phelps. Though he’s used to swimming with the big fish of the competitive swimming world, it would be interesting to see how Phelps would fare in a competition requiring a different kind of endurance- perhaps the Ironman contest.
Seneca Allegheny in Salamanca, New York is starting a poker league in September – more details to come soon. Usually the poker leagues I hear about are in underground rooms, so this one sounds innovative.
by Debbie Burkhead
The Legends of Poker at the Bike is Back with a $3,000,000 Guaranteed Event! WPT mega satellites begin on Thursday, August 23 at 12 pm. The buy-ins for the mega satellites are $370 + $30. They are adding one WPT seat to the first mega, and guaranteeing 10 in the second, at 4 pm. Day 1A of the main event starts on Friday, August 24 at noon. The buy-in is $3,500 + $200, and if you are eliminated you may re-enter on day 1B. The main event is estimated to have a $3,000.000 prize pool. The final event on Saturday, August 25 is a $125 + $25 buy-in with a $3,000,000 guaranteed prize pool. For a complete list of events, see their ad in this issue of Poker Player Newspaper.
by Wendeen H. Eolis
Initially, the media flares of July 31, 2012 put out by PokerStars, Full Tilt Poker (FTP), and the United States Department of Justice (DOJ), announcing a deal amongst them that would allow PokerStars to acquire the assets of FTP, ignited only a modest amount of fanfare; the poker community had already learned that the parties were poised to close the deal.
DOJ Stance on Settlement Agreement
Within hours of the formal announcements, however, an assortment of lawyers, news analysts, protagonists, and pundits, began to weigh in on all that was left silent in the settlement agreement of the DOJ’s civil forfeiture claims against PokerStars and FTP.
Poker News: South Point Online Poker, Maryland Internet Gambling, Absolute Poker, FTP, Black Friday and moreAugust 14, 2012 - 1:13pm
by Haley Hintze
SOUTH POINT AWAITS NGC SUITABILITY HEARING
Las Vegas staple, South Point Hotel, Casino & Spa moved forward with its announced plans to offer real-money online poker to Nevadans by year’s end after being slotted for one of the Nevada Gaming Commission’s suitability-hearing slots in early August. South Point and its owner, Michael Gaughan, have filed multiple applications covering all aspects of a new Nevada online-poker enterprise, and continue the development and testing of a new South Point Poker platform, to be rolled out in the coming months.
FULL TILT’S BURTNICK SURRENDERS TO US AUTHORITIES
Only weeks after a surrender and plea deal for Full Tilt CEO Raymond Bitar, the firm’s payment-processing director, Nelson Burtnick, surrendered to US authorities on related “Black Friday” charges. Bitar and Burtnick were the subjects of a DOJ-authored “superseding indictment” which restricted and enhanced the charges against the pair, which were largely banking-and wire-fraud in nature. Burtnick was arrested at Newark Liberty Airport after returning from Ireland to face the charges, and was subsequently released on $500,000 bail.