The seventh final table of the Bellagio Festa al Lago IV Poker Tournament was played on Saturday. The final table nine included professional poker players Dan Alspach, John Phan, and Chip Jett. The chip leader coming to the table was Dan Alspach with $251,000 and Mike Burns was second in the count with $179,000. The short stack of $48,000 in chips was owned by Justin Gaines, he was also the first player eliminated from the final table taking $8,220 for ninth place back home to Boca Raton, Florida.
The sixth event of the 2005 Festa al Lago IV at the Bellagio played the final table on Friday. The surviving nine players from the 325 entries buying into the $1,500 + $70 No-limit Hold'em began play at 3:00pm and had a champion by 6:00pm. Bill Seber of Houston, Texas came into the final table as the chip leader $210,000 in play money with Sang Pham second in the chip count at $203,000 and that's the way they finished. Bill and Sang got to heads up play and traded chips then the cards favored Bill on the final showdown.
[See Also: Festa al Lago Tournament Results]
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.
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.