Special Bug Pages

Monday, September 3, 2012

Bug's Poker Tip #9

Shift gears in a tournament.

Play tight early in tournaments, as this conserves chips and helps establish a nit-like image. Passive play at this point is also OK. Remember, chips lost are more valuable than chips won. As the blinds start to escalate, however, you have to start opening up your game, both in terms of flops seen and aggression. Dead money in the middle is worth more, so go after it, in part by taking advantage of your rock image. Shift into an even higher gear as the bubble approaches and some of your weaker opponents start going into "turtle" mode, just trying to keep their heads down and out of trouble until the bubble bursts. Take advantage of their weakness by picking on them. After the bubble pops, however, you often need to shift back to a lower gear, in part because all those turtles that survived the bubble are now short stacked and are willing to just gamble on a double-up or die all-in. As the final table bubble starts approaching, another gear shift is required. And so on...  Remember, the R in REDi is not just hand reading your opponents, but also reading what their mental state is and what their current strategy is. Stay one step ahead of them, and do the opposite of what they are doing.

All-in for now...
-Bug

Sunday, September 2, 2012

WSOP-2013: Week #1

It's Sunday, so it must be time for a recap of the past week's prep for WSOP-2013.
  • Preparation:
    • Pregame. Once again, I did a lot of just jumping into games without doing pre-game checklists or warm-ups. This is true even in the one live tourney I played in, in which I just sort of showed up to play, with no overall strategy in mind.
    • Postgame. I fine-tuned my results tracking spreadsheet so I can see how I'm dong in a) online tourneys; b) live tourneys; c) cash games; d) miscellaneous prep; and e) my fitness results. Manually entering results and charting my daily ups and downs is oddly motivating; there's no cheating allowed, and I definitely wake up each day wanting to improve on the previous day's results. This method is highly recommended if you want to get better at poker.
    • Off-Table.
      • Forums. Very little time spent either reading or posting. I did, however, add a quick comment/analysis to a couple of Quiz of the Day posts.
      • Books.  Am continuing to read Snyder's The Poker Tournament Formula. I liked the Patience Factor chapter, and it spurred some conversation with Mr. Multi on the subject (he also dug up a time estimate formula for tourneys that I've yet to look closely at, but which might be useful to adjust one's strategy in a tourney.) I'm now reading Snyder's chapter on "rock-paper-scissors", which is his way of looking at the three main weapons at your disposal in fast tourneys (rocks=chips, paper=cards, scissors=position). One quote jumped out at me in this chapter: "...95% of the time when you bust out, it will be with good cards. Cards are the weakest weapon you have. Don't overvalue them. Don't overplay them. Don't wait for them. Good cards are rare, and you must increase your chip stack so much and so fast, that you must look at cards as icing on the cake."
      • Videos.  Over the course of the week, exercising on my elliptical cardio/card-io machine in the mornings, I watched the first installment of Last Man Standing, which is an eight-part DeucesCracked video series on SNGs (both single table (ST) and multitable tourneys (MTT)). This first installment was focused on early game considerations, and the instructor's main points, if I can summarize, are: Play very tight early on (big pairs and big aces only), because a) chips lost are more valuable than chips won; and b) this builds your image as a rock. Don't get fancy; play your strong hands strong, and fold the rest.
      • Health.  Did pretty good on this front for the majority of week, though I did relapse on Friday when I ate some junk food at work, and then went out for a big fattening meal that evening. Overall, however, I've been exercising and watching what I eat. I'm trying to follow (more or less) the tenets of the "Paleo" or "Primal Blueprint" diet/exercise/lifestyle program by Mark Sisson. It's a very effective way to get in shape, and in just this first week I've dropped a little more than five pounds. Still a long way to go, but this is a good start.
      • Other.  Purchased a copy of the Master Poker training program and installed it on my computer. I've heard good things about this program for playing/simulating long tournaments, which I can do on some of my longer airplane trips (like the one I've got coming up at the end of this coming week). Overall, the program is fine, but frankly it's not really any better than the free DD poker training software that Mr. Multi discovered a few months ago (see this blog entry).
  • Technique:
    • Preflop.  I poked a little at the next installment of my starting hand chart, which admittedly is still focused on L1 cash play, but will also be eventually turned into the basis of pseudo-L2 tournament play guidelines. This exercise, while basic, is actually helping me think through some specific hand spots and, I believe, going to strengthen my game.
    • Postflop.
      • Evals (RED).  In general, I'm a pretty good cash hand reader, but an area that definitely needs improvement in tourneys is factoring in how desperate my opponents are (or aren't) in a tournament, given the current blind level and their stack size. I made a couple of mistakes playing this week when I didn't notice that a villain was getting super short and would have to get it in almost regardless of what I did.
      • Line Implementations (i).  I made some mistakes in this area, too, trying to get too FPS-ish when I had big hands and wanted to get paid off. Flopped a set of sevens at my live tournament, for instance, and should have played it harder than I did.
  • Emotional Control:
    • Tilt Control.  Overall, not anything significant to report here. I'm pretty good at accepting losses, but I do have to say that I started to get frustrated after going zero for eight in STSnGs and MTTSnGs this week. In addition to raw data on entry costs, field size, my finish place, profit, etc. in my results tracking spreadsheet, I also write down my immediate impressions of how I played and what was going through my head after busting. Early in the week, my comments were things like, "Bubbled in eighth place when I called a shove and re-shove with QQ. Should I have waited?" By the end of the week, however, my comments degenerated into such gems as, "Got stupid impatient on the end at the bubble." and "I cannot win a fucking flip to save my fucking life!" and "Got DAMN unlucky again. Played super patient, waited for good spots, took a beat, and then had to struggle to stay alive. ARGHGH."  Sounds like escalating tilt to me....
    • BRM.  No problems here. I lost a lot overall in SnGs, but more than made up for it in cash games. Playing well within my limits.
    • Discipline.  Patience is my continuing downfall in tournaments. I need to re-discover the Zen of Folding, especially early in tourneys. I also need to really understand how desperate (or not) I and my opponents are nearing the bubble of MTTs.
$ Results:
  • Tournaments (Online). Played two 45-man tourneys and seven single-tables. Entries ranged from $5.50 to $11.50. Only monied in one of the $11.50 single tables, taking second place. Net overall loss was $28.
  • Tournaments (Live). Played in just the one live local casino, and didn't money, taking 12th place out of 40 entrants. Net overall loss was $35.
  • Cash Games. Played here and there in online $25NL games. A couple of sessions were definitely played with me not at my best or focused (and I lost a lot during those two sessions). That said, I was up overall $87 for the week due to mostly solid play.
Summary: In general, I didn't do as a much as I would have liked in the studying arena, but I did get in enough ST and MTT SnG play to start the mental shift from cash to tournament play. Bottom line takeaway message I think is: There is a huge difference between cash and tourneys, and I have a long way to go to be even half as good at tournament play as I am at cash ring games.


All-in for now...
-Bug

Thursday, August 30, 2012

Live Tournaments, Patience Factors, and Elections


I need some (a lot, actually) live poker practice to prep for next years WSOP, so I ambled out to one of the local casinos yesterday evening to play in their Wednesday night 40-man tournament. Buy in was $30+$5, no rebuys or add-on, and the competition looked very soft. The thing I couldn't find out ahead of time, however, was the blind structure... and now I know why it was hidden. The Patience Factor of the tournament was a microscopic 1.1, which put the thing well into the "crapshoot" zone. Blind levels were just 10 minutes long and went up at a very, very fast rate relative to the starting stack size of T2K. People were just jamming with essentially any two cards from the start of the tourney just to double up.

I busted in about one hour, playing just a handful of cards dealt to me, while player after player around me either doubled or went home. I finally ended up getting it all-in preflop with just 8 times the big blind stack size when I open raised at a 6-handed table UTG with AKs. Got called by an really cranky middle aged lady holding Q4s, who then got re-shoved on by our table chip leader, who ended up holding 22. Flop of course came with a deuce, and I was sent a'packin in 12th place. Sigh. 

All-in all I played fairly well despite the ridiculous structure, but I was left with a bad taste in my mouth. Don't these casinos realize that just increasing the blind time from 10 minutes to 15 might result in players like me actually wanting to make a return visit to their facility in the future? As it is, I'm not going back to this particular casino anytime soon; I like to play poker, not dice.
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In other news, the section of the Snyder book I read yesterday addressed the topic of online tournament PFs. His method of dealing with the faster, more efficient play is to simply artificially increase the blind level period by the ratio of how many hands per hour are dealt online vs. live, and then running the calculation with this new blind level "time." The trick, of course, is knowing what this multiplier is. Per Snyder, he uses 8/5 as a multiplier, which when comparing an online game to a casino with automatic shufflers isn't bad.

----
And then there was that other little bit of wonderful news leaked from the GOP convention in Florida in which a prohibition stance against online poker is now an official party plank. If there wasn't a good reason to vote GOP in the upcoming November elections before (and there are damn few, if any), there certainly isn't now. What a bunch of imbeciles. (Of course the Dems aren't functionally any better at all, with their own imbecilic plans to drive this country into default.) Ergo, as usual, I'm going to throw my vote away on the Libertarian candidate, whatever the hell his name is, come that ignominious second Tuesday in November. 

All-in for now...
-Bug

Tuesday, August 28, 2012

Bug's Poker Tip #8

Chips lost early in a tournament are more valuable than chips won.

A Bug Tip isn't really the right place to prove this axiom, but trust me, it's true (I've done the math). When in a tournament, especially if the patience factor is reasonable and it's early in the game with low blinds, you need to play a very snug, conservative game. When in doubt-- fold. Losing even a handful of chips at this stage lowers your tournament equity a disproportionate amount. And because tournaments are zero sum games, all of your opponents at the table benefit when you lose chips, even if they're not involved in the hand. Remember, you can't win a tournament on the first hand, but you sure can lose one... or at least set yourself up to lose. In a number of tournaments I've busted out in recently, I didn't respect the value of chips lost. I was focused instead on increasing my chip count, not preserving those that I had accumulated. In early tournament play, tight is right.

All-in for now...
-Bug

Monday, August 27, 2012

MTT Patience Factor

In Arnold Snyder's book The Poker Tournament Formula, he writes in the first chapter about something called the Patience Factor. This term is a measure of how fast a tournament moves/blinds escalate compared to how many chips each player starts with. The lower the PF, the less skill is involved in winning the tournament; conversely, the higher the PF, the less luck comes into play and the more skill is required to go deep.

In short, his formula is essentially just the square of the so-called "blind-off" time; i.e., the time it would take to bust out due to blinding off, assuming you never played a single hand. For instance, let's assume we're going to play in a tournament with the following blind structure:


Assuming that each player began this tournament with T1000, we can see that somewhere between level 3 and 4, the cumulative cost of paying the blinds would exceed the initial stack size, and a player who was auto-mucking* would get blinded off at this point. Specifically, the player would get blinded off 1.3 hours into the tournament**. Squaring this figure*** gives us a PF of 1.6.

Once you have calculated the PF, you can estimate how much skill or luck a particular tournament will have in it, and therefore compare tourneys and find one best suited to your own abilities. Here's Snyder's chart that lists PF vs. Skill Level:


Note that this chart is only for live play; online play is significantly faster (read: more hands per hour). Per Snyder, the way to account for this is to multiply the online blind level time by the ratio of hands dealt per hour online to that of live. In other words, if we assume that the average hands per hour dealt online in a tournament is 50, and the average live is 30, then we multiple the online blind period by 50/30 to get an "adjusted" blind level period. This figure is then run through the spreadsheet and the new, adjusted PF can be plugged into the chart above to see how bad of a crapshoot the tourney is or isn't. Makes sense.

All-in for now...
-Bug
*We're assuming here that the player never gets a walk in the big blind.
**I'll leave it to the reader to figure out for themselves how to do this calculation. It's pretty straightforward to do, and in fact I put it into a spreadsheet format so I can calculate different tourneys and compare them. You might consider doing the same.
***Snyder squares the tournament time to blind-off simply to make the differences between values more accentuated. Strange, but whatever.

Sunday, August 26, 2012

WSOP-2013 Boot Camp: Week #0


I spent most of this previous week on a very jam-packed, hectic business trip, so the WSOP-2013 training has gotten off to a slow start. That said, I did manage to get some initial ground work in place, with an expectation that this week (i.e., today) formally begins the journey to the 2013 WSOP. My goal is to document results and progress approximately  once per week. So, with that in mind, here's what I did and how I fared for this past week:
  • Preparation
    • Pregame. Did a poor job of pregame prep, just jumping into a handful of tournaments and SnGs when I had some time to play. No warm-ups, no pre-game checklists, etc. Just played. Worse, I played while jet-lagged, and while I had a TV playing in the background. Ugh. Not good.
    • Postgame. Reviewed the five games I played, of which I moneyed in exactly zero. Main issue (as expected) was/is patience; I do well for the first hour or so, and then start making silly mistakes and rushing things. 
    • Off-Table.
      • Forums. With biz travel, I frankly didn't find much time to read many posts, nor did I make any significant post of my own.
      • Books. I started reading The Poker Tournament Formula by Arnold Synder. This book is primarily intended for faster, local-casino type tournaments, but I've heard it has a lot of good general information, too. So far I've only made it about a chapter in, but it's been entertaining. Snyder begins with a discussion of blind structures and starting chip stack sizes to formulate what he calls the Patience Factor. This is then (presumably) used later in the book to determine how loose or tight you need to play. Good, interesting stuff so far.
      • Videos. Watched one video, which was an older DeucesCracked on MTT SnGs, during part of an airplane flight. Took a few notes, but nothing spectacular came of the vid, which was only so-so.
      • Health. Ugh. Another disappointment. I actually gained a pound, but this is not terribly unexpected given the biz trip. I ate poorly, plus I only really got in one significant walk during the trip; no other aerobic or similar exercise. I really need to figure out a way to eat and exercise better on these killer trips, as they will continue to be a big part of my day job and will continue throughout the next year.
      • Other.  I created a spreadsheet to begin tracking tournament results, but it still needs some tweaks to be able to chart things and show me how I'm doing. By this time next week, I should have it fully up and running.
  • Technique
    • Preflop. Worked on my starting hand chart for cash, which eventually will turn into one for MTTs.
    • Postflop Evaluations.
      • Reads: Played two of the five tourneys "blind" with a small yellow sticky placed on my computer screen over my cards. This forced me to think hard about position and trying to read the other players. In both of these tourneys, I crapped out early, so I clearly have some work to do here.
      • Estimates: Was going to play with Flopzilla to start memorizing equities, but only did a couple before getting sidetracked. I really like that software, however, and it helps visualize how ranges hit different boards, etc. 
    • Line Implementations. Nothing to report.
    • Emotional Control
      • Tilt Control. No big problems with tilt this week. I was a little bummed busting out of every tournament and SnG I played in, but it didn't affect my mental state whatsoever; i.e., I just shrugged each one off, did a post-mortem, and moved on.
      • Bankroll Management. Biggest buy-in I played in was a couple of $11 SnGs, and these are well within the bankroll capacity. Also, I played some $25NL cash games on a couple of days just to replenish the tournament coffers, so despite not moneying once in tourneys, I actually built the 'roll by $30 overall. My new tracking spreadsheet will help keep this area focused, too.
      • Discipline. Patience is truly my Achilles heel, and it's the one thing that honestly threatens me from making any kind of deep run. Need some kind of Zen hammer to hit me over the head and instill me with infinite patience.
    Considering the big biz trip in the middle of the week, I'm OK with the progress this first "pre-"week of the training regimen. Yes, there were a lot of meh things to note, plus some poor playing performance, but biz trips simply suck, so this ain't too bad considering. This next week coming up should be better.


    All-in for now...
    -Bug

    Saturday, August 25, 2012

    Wheaties, Aces & Probabilities


    Let's say that someone asked you to tell them what President Franklin Roosevelt ate for breakfast on some particular Sunday morning in the year 1942. You probably couldn't answer this, right?

    Well, that depends on what you mean by "answer." Unless there was a specific news item or event he was attending for breakfast that day, in which the foods were specifically mentioned by a reporter, we couldn't definitively state what the man ate....

    ...ah, but we could do some logical deduction to narrow the possibilities. We know for instance which foods were not available in those days, such as many of the modern commercial cereals. We also know that most people of that period tended to eat traditional "breakfast"-type foods, and not things like soups, pastas, and other "lunch" or "dinner" foods. We also know that FDR was in relatively poor health during this period, afflicted with polio, advancing age, and the stress of World War II, so we might rule out some of the heavier types of foods that might have been uncomfortable for him to consume, such as steak with eggs. We also know that his wife, Eleanor, looked closely after his health, and would probably have a say in what foods the President's chef did and did not serve her husband.

    We could also look at FDR's schedule, and see whether he was at the White House that day, or whether he was on a trip, and what meetings he had scheduled for that morning, etcetera. We might also note that this was a Sunday, and people tend to eat "special" breakfasts on weekends. Perhaps he reportedly loved pancakes, but knew that they made him drowsy by noon. He might also have disliked waffles, tolerated french toast, and couldn't stand English muffins... and so on.

    In other words, we could narrow down FDR's food choices by looking at all the seemingly unrelated things we know or could discern about the man and the situation he was in at that specific moment of his life. This could help us fine tune our information, and if pressed we could actually come up with a probabilistic guess at what he ate for breakfast on that specific day. This might look something like: 55% probability he had eggs, bacon, and toast, 30% probability that he had oatmeal, 10% chance he ate pancakes, and 5% probability he skipped breakfast altogether and just had a cup of coffee. In other words, we could put FDR on a "range" of breakfasts using deduction and logic.

    This is the same type of reduction process you need to go through when trying to put your poker opponents on hand ranges. You need to pull in all the information you know about the player and the current situation to rule out cards, and narrow down the range of hands they hold. What type of player are they? Are they loose or tight? Aggressive or passive? Bluffy or ABC? What is their current mental state? Have they won or lost a big pot recently? What types of hands have we seen them play previously? What position are they in? Are they positionally aware? Are they playing L1, L2, or Level 3 poker? Are they betting, raising, or just calling in this particular hand? How are they reacting to the board texture? Are there any tells we can discern? Betting patterns? What other players are involved in the hand? What are those people doing, and how is this player reacting to them? What is the pot size? What cards do we know he can't have, such as those in our own hand or ones that were accidentally turned upright? And so on...

    Putting players on a range of hands isn't rocket science, but it does take active, logical, deductive work. A solid, mid-position ABC player cold calls an UTG player's preflop raise? Well, we probably can remove AA-QQ, AK, AQ, and KQ from his range, as he would probably reraise with these to isolate. We can also probably remove many of the trap hands from his range, small suited connectors and gappers, and of course all the usual garbage hand, as we said he as a solid ABC player. This might leave small and medium pairs, some bigger suited aces, and medium suited connectors in his range. He might also be getting tricky with some bigger suited connectors, as we just saw him drag a big pot, and we know that he tends to open up his game if he feels he's free-rolling. The downstream players from him are all loose and passive, and we know that he knows this, so we can further eliminate hands that he would limp-reraise with. Etcetera. When the board comes out and we see what he does, we can further narrow the range based on how wet the flop is.

    By the time we get to the river, we should be able to put this player on a fairly tight handful of possible cards. We can then estimate our own equity against this range and make good decisions based on seemingly sparse and unrelated information. Wheaties or Captain Crunch? Aces or a bluff? Poker is all about deductive reasoning to figure out what your opponent has in his hand... and that starts primarily with what he most likely doesn't hold, eliminating those from his range....

    ...and in doing so, we might just also be able to tell them what they ate for breakfast, too.

    All-in for now...
    -Bug
    PS. While fishing was FDR’s favorite outdoor social activity, poker was one his favorite sources of indoor relaxation with friends and staff. Gives a whole new meaning to the term "New Deal," eh?