I’m recording an album for The Dead Languages until September 2011. Then I’ll be applying for a job in retail or being staked for live cash games in Las Vegas.
My goal is to play 2-5 or 5-10 No Limit Hold ‘Em, 30 hours a week in Las Vegas casinos.
So this is an outline of who I am and what my plan is – I’m putting this here to direct potential stakers in the next couple months. Thanks for checking it out. › Continue reading
There is a great chasm between those who have money and those who know what to do with it.
While I may say that slightly tongue-in-cheek (and forgive me, I mean no offense), the truth is that it’s hard to make good staking decisions in poker. And while I am in no position to stake anyone right now, I do believe my experience with and observation of the world of staking in the past month has given me a little insight which comes from my unique (if I may declare so myself) perspective.
Here are a few things to look for in a poker staking candidate. › Continue reading
Anyone who’s been involved in my life, knows this story: On April 14th I decided to hang up poker for a while and focus on music. On April 15th (online poker’s Black Friday) the FBI cracked down on Full Tilt and PokerStars and the money I tried to withdraw the night before was frozen. I’ve since received a check from PokerStars, but the majority of my bankroll on Full Tilt is still missing. Then, with the help of family, friends, and fans of my music, as well as friends of CrushTheGame.com, I was able to raise $6,153 on Kickstarter.com over the course of a month to finance the recording of the debut album of my project, The Dead Languages.
So now, recording is going in full swing for me. But as I stated in another post, I’m still selling my products on this site, offering customer support, and coaching – that won’t change anytime soon. › Continue reading
The scariest sentence in the book, “The Mathematics of Poker” by Bill Chen and Jerrod Ankenman states:
“The risk of ruin of a bankroll that is maintained at a particular level and from which all the profit above that level is taken out of the bankroll is 1, or a 100% chance.”
This means that if I make 6PTBB/100 and I withdraw my profits and spend them, I will eventually hit a swing that will decimate my starting bankroll no matter how large it is.
This is because bankrolls rely on a true constant win rate in their calculation. In order to keep a 1% risk of ruin with Exploitative Play and a 500 PTBB bankroll, I need to maintain the win rate of 6 PTBB. Withdrawing money from my win rate will not maintain the win rate and will increase my risk of ruin.
I don’t know how, but somewhere along the way I gave my former roommate Danny the impression that I was a loose player in live cash games. Maybe it was when I put 2 players all-in and then won the pot with ten high, stood up in the casino and said, “Ten high is very good.” Or maybe it was when I called an all-in shove of twice the pot on the turn with ace high and insta-flipped my hand up, believing it was good. Or maybe it was when I called a half-pot river bet in a 100 big blind pot with jack high, again believing it was good. The hands I showed down respectively were T8o, A7o, and J4s – each one I had raised preflop. And I guess that looks pretty loose.
› Continue reading
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