The Festa al Lago Poker Tournament at the Bellagio Resort on the Las Vegas Strip handed out a bunch of money to the players in Wednesday's final table for event #4. The 175 entrants that began the $2,500 +$100 buy-in No-limit Hold'em event was down to the final table nine. A tough table that included pro David Levy, short stacked at $38,000, but dangerous with chips. Another professional, Alan Goehring from the local Vegas area, went into the day in the chip count second spot holding $174,000. Webber Kang of Dallas, Texas brought to the table the chip lead, $201,000 in play money.
The popular book, "Games People Play" by Eric Berne, MD contains many games seen at any poker table. Here's a few fine whines served by players and the psychological games they represent.
Today's lesson is based on one of Mike's historic Tuesday Session lectures. It deals with treating poker as a business. Many people approach poker like fishing or golfing. They play for fun. Others strive to make a living from it. If you're playing to make money, then it's time to treat poker as a business.
If you see Leo C., tell the big guy that this column is dedicated to him. His comment to me was the inspiration. Seven-card stud once was the top choice of poker players. During the last ten years, Texas hold'em has far surpassed it as the preference of most players. Until three years ago, 7-card stud was my game. My co-author, Dan Abrams, and Chris C. (code name: Shadow), a bright child psychologist/poker semi-pro, convinced me to try hold'em; and it quickly became my choice too. Yes, the games are similar in some respects.
[See Also: Festa al Lago Tournament Results]
The Bellagio Festa al Lago Poker Tournament crowned another event champion Tuesday evening. The final table of the surviving nine from event #3, $2,000 + $80 buy-in No-limit Hold'em, completed play early this evening when players such as WSOP bracelet holder and professional poker player, Mike Sica of New Jersey, departed in 8th place soon followed by the day's chipleader, Rami Boukal, leaving in the forth spot.
I come to in the back of an ambulance, tied down to a stretcher. A paramedic, his back turned, is filling a hypodermic needle. I ask, "Am I going to live?"
The Ugly Man, holding the needle, turns around and says, "No. You're going to die!" I struggle with my restraints. The Ugly Man, holding the needle, says, "You have to the count of three to give me your invitation to the House of Cards. One." He raises the needle.
"I can't give you. . . ." "Two." up over his head ". . . . what I don't have." "Three." and plunges it downwards.
The latest lesson Mike has taught me is easy to apply to limit poker games. Here's the concept behind it. You can focus on a poker decision in two primary ways.
Conservative approach. Approach 1: Begin with the assumption that you should check or fold every hand and then gather evidence to the contrary. Only if the evidence is strong enough to outweigh the argument that you should check or fold do you take an aggressive action, by betting, calling, or raising.
Jeffrey Trauman has made history. As best I can tell, he is the first, and only, person who has actually been charged and convicted of online gambling. From the email Jeff sent me, I know that all he wanted was to be left alone.
In the last issue we met Michael Hochman and Annie Adlin, two career poker folks who along with Matthew Kaphan are in the process of making a dream come true. TV people have been trying their hand at poker shows for a number of years and now these terrific poker people are trying their hand at doing at TV.
The TV show PokerBeat came from the birth of an idea to full-blown production over the course of two years.
Event #2 of the Bellagio Festa al Lago Poker Tournament completed the final table early this evening. Professional poker player, Nam Le, went into the final table with the chip lead of $233,000. The only female to survive to the final table, Jane Hughes from Las Vegas, had the second largest chip stack at $192,500, while Walter Chambers of Baton Rouge, Louisiana held a distant third spot in the chip race with $97,000.
Monday's second event final table was a $1,500 + $70 buy-in No-limit Hold'em tournament that began on Sunday with 265 players and a prize pool of $385,575.