Monday, June 30, 2008

Posted by Dr Fro 8:49 AM
Scotty won the HORSE event, baby. Unfortunately, there is no video footage of him jumping up and down in an all-white outfit with an exhuberant Mike Matusow hugging him. He has come a long way since paddling from Vietnam to the US on a log, baby.

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Sunday, June 29, 2008

Posted by Dr Fro 1:20 PM
The $50,000 HORSE event is down to the final table.

Seat 1: Matt Glantz -- 1,445,000
Seat 2: Huck Seed -- 1,200,000
Seat 3: Patrick Bueno -- 695,000
Seat 4: Lyle Berman -- 1,430,000
Seat 5: Scotty Nguyen -- 3,535,000
Seat 6: Barry Greenstein -- 1,955,000
Seat 7: Michael DeMichele -- 905,000
Seat 8: Erick Lindgren -- 3,680,000
Seat 9: Kyle Liner -- $1.35

"E-Dawg" won his first WSOP hardware this year, and he could end up with his second bracelet coming in the second-most prestigious event (if not the most). I'll be rooting for E.

Kyle won his automatic berth into the final table via a satellite played in New Braunfels, but I don't fancy his chances against this field.

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Posted by Dr Fro 1:10 PM
The Greek God of Sucks

Last nights Astros - Red Sox game was one of the most exciting of the season. I'd put it in 2nd place thus far. You know you are in for something when 9 runs come with 2 outs in the 3rd (4 Bosox, 5 Astros).

Anyway, I was shocked when Bill Brown missed JD's Moneyball reference when talking about Kevin Youkilis. Billy Beane may have given him his own nickname, but based on last night, I now have my own.

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Sunday, June 22, 2008

Posted by Dr Fro 5:06 PM
A groomsman's cake from this past weekend:

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Friday, June 20, 2008

Posted by Dr Fro 10:33 AM
Last night was my last night in the Great North, eh.

We went to a very nice dinner at the Petroleum Club in downtown Calgary. By the time I broke away from coworkers to hit the casino, it was late (9:30). By the time, I left the casino, it was very late.

I found one of two casinos that spread NLHE. All tables were $1-$2, which was just fine with me.
My image could not have been better. I show up late, dressed like a travelling whale (suit, tie) and holding a beer. I straddle the first hand and get AK. I raise with it. Oooooh, they were salivating over me.

I basically played up *that* image all night, and I managed to get two huge calls that I think were due solely to my image. In short, I turned a $500 profit. That makes $900 over two days.

The quality of players was much higher than on Monday night. However, there was still this strange propensity of the players (even the tight ones) to blow the whole stack on one hand, right before they left. I must have seen 7 guys try to "double or nothing" their stack only to felt and bolt. Fine with me.

They loved me, mainly because I played a lovable part. Even when I accidently said something dickish (more on that in a later post), they responded in kindness. They hated to see me leave; I know they assumed their chips would boomerang back.
I kinda hated to leave, which is why it took me so long to do so. I got to bed at 5a.m. This may be routine behavior for Junell, but it was tough on Dr Fro to get up the next day and go to work.

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Posted by Johnnymac 8:55 AM
This has got to be one of the weirdest stories I have ever read in Time Magazine.

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Thursday, June 19, 2008

Posted by Dr Fro 8:57 AM
Phil “OMGClayAiken” Galfond won Event #28 ($5,000 Pot Limit Omaha w/rebuys).

That may sound like a bland enough accomplishment - guys win bracelets every day this month. But consider this:

The final table included Hellmuth, Chan, Daniel Negreanu, John Juanda and David Benyamine. The final table players had 28 bracelets (soon to be 29) when the cards went in the air.

And he is 23.

Speaking of youngsters, our favorite Italian picked up some hardware, too.

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Wednesday, June 18, 2008

Posted by Dr Fro 3:14 PM
Wow. (sounds like some kinda plan KTL woulda cooked up)

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Posted by Dr Fro 11:22 AM

If you tried to guess how well I do in poker based on this blog, you'd guess that I do pretty well. This is because I post typically about the winnings and not the losings. There are a few reasons for this (not one of which is an attempt to pretend I am better than I am), one of which is our "no bad beat story" policy. Nobody wants to read a blog full of hand histories and bad beats.

I think that it is ok to tell a bad beat story if there is a point (beyond the "poor me" point).

On Sunday, I bought into a NLHE game. I got 99 preflop and called a moderate raise in a multiway pot. The flop was 982. A bet came from the first raiser, and I put him on, at best, an overpair. I re-raised all-in and only he called. I had top set vs KK. So he had 2 outs twice and was worse than an 11:1 underdog. He caught a King on the river.

Here is my point:

Most bad beat stories lead me to believe that somebody had it coming to them. They could have played the hand differently to avoid the bad beat. In the situation above, I put my opponent on the right hand. There is absolutely no better way to play that hand than exactly what I did, given the circumstances. But could I change the circumstances? The answer is yes.

I was short-stacked and my all-in raise was not enough to scare off my opponent. Had I a monster stack relative to the pot, I could have possibly run him off. I mean, if you have an overpair and I come at you with an all-in bet that is a mutiple of the pot, wouldn't you consider running away? Sure, maybe you call and I lose more, but I think that more often than not, there is more EV in this situation if I have a bigger stack.

So, I still get back to my fundamental belief that many bad beats are the fault of the beatee. In B&M games, I always buy in for the max stack and re-load whenever I can. Online, I usually buy in for cheap. And guess what? My B&M results are quite positive over the past few years and my online results are quite negative. Coincidence? I think not.

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Tuesday, June 17, 2008

Posted by Dr Fro 2:42 PM
An anonymous poster pointed me to this site, which is a good timewaster.

Pauly did some research on the site and determined that "According to Benyamine's high stakes stats, he has won a whopping $7.7 million at the PLO tables on Full Tilt since January of 2007 "


You should read the whole post. The poker:drugs analogy (particularly as it relates to PLO) has been made many times at our Dallas game, and I think Pauly nails it his post.

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Posted by Dr Fro 11:33 AM
I am in Calgary. As I always do when travelling for work, I found the local poker room and took a shot at taking some money out of the local economy.

Calgary has several poker rooms. I settled on one nearest my hotel. Although it offered NLHE, nobody there (other than yours truly) had any interest. It was a very big poker room, but at its peak, only 8 of the tables had poker going. I believe that there was one high stakes ($30-$60) limit game and the other tables were either $4-$8 or $4-$8 with a full kill. I chose the latter.

I won 4 of the first 5 hands, and it didn't end there. Without even getting very good cards, I easily won $400 (50 BBs). The players were horrible. I hadn't played Limit Holdem in a long time, but it all came back to me pretty quickly. I can't tell you how many times somebody bet the river with a busted hand, trying to get me to fold something like top pair, bad kicker. In every instance but one, I made the cheap call to win a big pot. This just doesn't happen in NL.

The dealers were terrible. The tips are pooled, so there isn't a lot of incentive to do well. I caught the dealer ignoring mistakes (bets for the wrong amount, etc.) several times. I think they actually knew something was wrong each time, but they weren't going to exert the effort to address it unless called out by a player. If I wasn't involved in the hand, I would just let it go. Rarely, if ever, did another player catch and point out a mistake. Heck, he didn't even calculate the rake correctly.

The locals were terrible. Just terrible. They would buy in for like $50 at a time, call every street, then rebuy.

I am definitely going back later this week.

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Saturday, June 14, 2008

Posted by Dr Fro 1:21 PM
I often look at the leaderboards on sharkscope even though I rarely find anybody I know. I see Dario Minieri is up there now with a total profit of $642,000. I simply can't fathom making that much dough off of SNGs. Of that, $123,000 has been made in 2008. What is even more impressive is that it all comes from Heads Up Hold em (he is basically breakeven in other SNGs).
Stack that on top of the $100k we won on Pokerstars and the half-mil he picked up on the European Poker Tour, I have to say that the guy that I thought was a complete fag twerp has definitely got some game.

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Posted by Dr Fro 11:37 AM
One of the more interesting events at the WSOP is the $5k NLHE event. One of the final-tables comes from our great state. Adam Geyer comes from Austin. Unfortunately, I just couldn't root for the guy. His online moniker is CSimmsSucks. Yeah, graduating from UT having broken almost every QB record really sucks. Anybody know this guy?

Interestingly, another final-tabler has a college football screen name: Scott Freeman goes by SCTrojans. As expected, Adam beat out Scott.

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Friday, June 13, 2008

Posted by Dr Fro 2:33 PM
Kid Poker picked up bracelet number 4. I am still shocked by Phil Gordon's comment that suggested that Daniel is not the winning player he appears to be. He certainly seems to do well from where I am watching.

We don't have a lot of visibility into pros cash game results (except for HSP, I suppose), but tournament winnings are easy to find. Sure, his appearance of being a poker god was seriously helped by a hella-good 2004, which would have been a good year to be on TV as we were just beginning to observe the people on TV we could previously only read about on the internet. But he has done quite well since then. Even if you do enter every event at the WSOP, picking up 4 bracelets says something. It does to me anyhow.

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Thursday, June 12, 2008

Posted by Dr Fro 11:00 AM
I certainly hope not.

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Monday, June 09, 2008

Posted by Dr Fro 11:06 AM
Guest Blog Post from Beau - WSOP trip report

Well, we had a few more join us for our annual trip to the WSOP this year, up from three to five. We got in to LV on Wednesday and I was in a hurry to get to the Rio to try out some satellites as I didn’t take the time to try one in the last two trips. The Rio offered all sorts of satellite from $125 to $1025 buy-ins. We chose the other end and decided to start with a $175 buy-in. This one paid three $500 tournament chips plus $120 cash…winner take all, however it seemed that once you got down to the final two or three everyone was ready to make a deal. These satellites were fairly aggressive in that you started with $1,000 in chips, 25/50 blinds moving up every 15 minutes. I got off to a great start and accumulated about $4,000 of the $10,000 on the table but ultimately ended giving some back and chopping the pot when we were down to three people… with the chip leader taking half the payout and me and another taking a quarter each…net win, $405-$175 = $230. Feeling pretty good I try another satellite as that one lasted less than an hour. The next one available was a $125. When we sat down a guy in seat 2 proposed a last longer bet to the table for $100, I took him up on that as well as 3 others. So at this point the satellite pays out two $500 tournament chips plus $120 cash, as well as $500 to whoever last longest of myself and the four others in the prop bet. So on to the second tournament, again I take a commanding lead, but give some back and make it to the final three for a second time with one of the last longer participants. We decide to chop it with the chip leader, as well as me and one other chopping the last longer bet in half. With all that said, I net out $335. By this time it’s about 4am and the real tournament starts in 8 hours. These two satellites have enabled me to discount my entry fee to $1500-$565 = $935. Not a bad night’s work. Oh, by the way…before the first satellite we got a chance to see Erick Lindgren win his first bracelet in the mixed hold’em event. I guess that removes the saying, “one of the best to never win a bracelet” label from him.

Day 2 – we get to the Rio right before the start of the event and take our seats. We start with 1,236 players with a $375,000 payday to first place. I don’t have any pros at my table (in fact in the immediate 15-20 table area the only one I spot is John Juanda), and the other players at my table seem like they might be on the same level as me. We start with $3,000 in chips and $25/$50 blinds. I kept track of hands as I played them, but won’t share them since I was knocked out at the end of the second hour. The pace was kind of what I expected, which I knew wouldn’t suit my style. In a 6-handed game you have to be more aggressive and take more chances than I would typically like to. I felt like every time I tried to make a move I got played back at or bullied with some big bet and since I was playing less than premium hands I was forced to fold or put a good portion of stack at risk. In the end I got dwindled down and had to make a stand with AK and got knocked out with a middle pair. Oh well, lesson learned…I’ll stick to the full-table games.

Day 3 – speaking of full table games, that’s just what I figured I needed to get involved with. Both the Venetian and Caesar’s offer deep stack tournaments on a daily basis, so I figured I’d try one of those out. The Venetian was $540 and CP’s was $330, so three of us decided to go with Caesar’s. The structure was very good for patient play. You started with $12,500, $25/$50 blinds and 50-minute levels…plenty of time to be patient and play my game. There were 668 players and first place paid $50k.

At this point I don’t remember the specifics of very many hands, so I’ll share the ones that were most significant. About 2-3 levels in I’m dealt KK in about 5th position. Blinds are $200/$400 at this point and 4th position raises to $1200. I think about it for a bit and decide to raise and see where I’m at. I make it $3000 (about 20-25% of my stack) and everyone folds around to the SB (chip leader/aggressive guy…maybe $30k in chips). He contemplates for awhile and finally raises to $9000. It gets back around to 4th position and he looks confused and doesn’t know what to do, however after a minute or two he finally folds and its back on me. His bet has forced me to go all in if I want to call. I sit for a bit and try to remember what this guy has been doing and all I can recall is how aggressive he has been and wonder if he is trying to push me out or if he has AA. I finally decide he has doesn’t have AA and if he doesn’t then I can more than double up and have control of this table. I eventually push all-in and he insta-calls. I shake my head and say I guess you’ve got aces, huh? He says yep, and you must have Kings. I nod and look at the guy next to me who just folded and he says, man, I folded QQ. Well, I guess I need a miracle or I’m about to be out early two days in a row. Do you believe in miracles??…K-10-3-x-x. Hello table chip leader! (I think I heard somewhere…maybe from Johnny Chan…that you’ve got to have at least five or more of these situations occur in your favor to win a tournament.) Now that I’ve got something to work with I ride a wave that averaged me around $30k in chips for the next 5 hours or so. After that, other than an unbelievable AK/AK chop I was involved with on an AKK board (I think we were both equally pissed/relieved) nothing really happened. The table I was at averaged about $25k in chips and eventually once we were 7-handed we were broken down and moved to other tables. This is when the trouble started. I went from an average table stack of $25k to an average $60k stack table. It looked like I was back to getting pushed around. It was tough because the dynamic totally changed. At the other table with $400/$800 blinds the standard pre-flop raise was about $2k. At this new table everyone who wanted to get in on the hand was raising to $3500, so there was no chance to limp. I just had to wait for a premium hand or at least position. The other issue was that we were fast approaching the money bubble. 68th place and better would get paid and we were down to about 100. The last hand before the dinner break I turn to the guy next to me and mention that I hate to play these last hands before a break because it always seems like something bad happens. Well, what would you know, I look down and see AQs. I am in about 6th position and at this point the blinds are $800/$1600 with $200 antes, so the pot is $4400 before anything happens. As I contemplate a call I notice that both the SB and BB look like they are ready to stand up and leave so figure I’ll take this pot down right now with a raise. I make it $5000 and it folds around to the button. He thinks about it for a bit and finally pushes all-in for a huge chunk of my stack. It folds back around to me and I start think…what did I just say about these hands?? The button is a terrible player from what I have seen so far and I have a good feeling he doesn’t have anything or might just have a weak ace. I think about it for a bit and finally decide that he doesn’t have anything and this will put me in the $55-$60k range and position to make a run deep into the money if I can win this hand. I call and he just hangs his head. I guess I made the right decision. He flips A-10 offsuit and I start to get excited that I made a great call until… 10-6-4-x-x. Great…I now have about $7500 in chips and have to go on a 1.5 hour dinner break, only to come back and probably be felted in one hand. Not so fast, my friend. I get back and see that I can fold four hands until the BB gets to me. At this point it is $1k/$2k blinds with a $300 ante making it a minimum $6000 pot every time. Well, we are down to about 85-90 people and I am disgusted that I will probably bubble, until three hands later I look down and see AA. I play the part of the guy who has given up and say, well I guess I’m all-in. Call. Call. Call.. …are you kidding me? Please hold up. This was such a blur with sidepots and cards everywhere I don’t even remember what anyone else had, all I knew was that I had just more than quadrupled up…woohoo! Needless to say, I had no more miracles come my way other than just outlasting the bubble to finish in 64th place, 12 hours later with a payout of $430. I was pumped to have made the money, but that was a long time to win that little, however I guess I could have gone out 10 hours earlier on the KK. : )

Other than these two days there was no other real significant poker play. I had a couple of ridiculous runs at craps that actually kept me positive for the trip (after all expenses, wsop entry, etc, etc…) and three other stories to share, two from me and one from Bill.

Bill was playing in the Golden Nugget’s daily $105 tourney and had gotten down to two tables. He had two all-ins in front of him and decided to push all his chips in to try and knock one out and double/triple up. The dealer takes all of Bill’s chips that have been pushed out in front of him and counts them down to see what the total is. Bill stands up to watch the action and as he does that the dealer scans the table and then proceeds to scoop the folded cards from the guy to Bill’s left plus Bill’s cards and dumps them in the muck. Bill’s like…what are you doing? They call the floor over and says, well, sorry you didn’t have your cards protected and you can’t fish them out of the muck (even though he tells him what they are) and worse than that you can’t have your money back, so unless the board shows a nut straight, flush or boat (that chops the pot) then you’re out of the tourney. Needless to say that doesn’t happen and his tourney is over. WTF? Anyway, as unbelievable as this story is, I had just heard the exact thing happen at another table at the Caesar’s tourney. How can that be the right thing to do? They should at least give you your all-in back. Ridiculous. Lesson learned, always use some sort of card protector other than your own chips.

Last two bad luck/good luck stories…on Saturday we decided to bet the horse race. Even though Big Brown was the overwhelming favorite we were thinking that if any other horse can pull this out it might be a big payday, no matter how big a longshot. With that said, I put $2 bucks on every horse to win except Big Brown (as well as an exacta box with BB and the field to hedge my other bet). When I saw the longshot win, I was pumped because the $2 ticket I was holding was now worth $79. When I went to cash it in, the payout on the computer said $10.80. I told the cashier that it couldn’t be right, it wasn’t enough. They called a supervisor over and he said you bet race 10, not race 11. Whaaaaat? I guess the guy I bought the ticket from punched in the wrong race number and I didn’t check the ticket…unbelievable. As bad as that luck is, it has to turn right? As we’re wrapping up our last night with a little blackjack downtown I notice that I am down a little for the trip, but am ok with where I am at until the following hand comes up that could end up being shear disaster or an incredible finish. I’ve won a bunch in a row and decide to push $200 in the circle with Bill playing some random chips on top to make it $229.50. I get 22 to the dealer’s 7 and ask Darin if I should split, he laughs and says of course….Winner, winner chicken dinner. (the dealer flips a 10 from underneath for a 17…see attached pic). Lucky for me they don’t allow doubling after a split

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Sunday, June 08, 2008

Posted by Johnnymac 11:05 PM
One more nice piece on oil prices sent to me this weekend from my cousin, Lane.

To me, smart conservation is not an environmental debate as much as a reallocation of labor costs away from oil to the benefit of the average American family.

Read the whole thing - for an newspaper automobile columnist, this guy sure explains abstract economics quite well.

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Friday, June 06, 2008

Posted by Johnnymac 11:52 AM
Another excellent piece on Energy Policy.

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Thursday, June 05, 2008

Posted by Dr Fro 6:31 PM
Beau is gonzo. Knocked out in second level. The IAG karma is wearing off at the WSOP.

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Posted by Dr Fro 3:11 PM
As a CPA, I get asked a lot of questions about taxes. I don't do taxes for a living, but that deters few from asking.

With this being an election year, I am hearing more and more about taxes. Sure, it isn't a headliner like Iraq or oil, but it is up there. Anyway, I was hoping that you would be interested in hearing what old Phreux thought about taxes. I don't mean to point you toward one candidate or the other. Rather, I just want to help you in your thought process - help make sure your decisions are informed.

First of all, people are way too focused on income taxes in the first place. Income taxes are only one of the taxes we pay. We pay sales taxes, property taxes, payroll taxes…the list goes on. If you want to have an informed discussion about taxes - how they affect us, what they are spent on, what level is the right level - you really need to discuss the system(s) in its entirety. There is so much angst against the IRS, yet so little at other taxing authorities.

Even still, when you consider all taxes in the U.S., you pay a crapload less tax than you do in most other developed countries. Take the U.K. Sales tax there (VAT) runs at 17.5%. Income taxes are higher (I paid about twice as much as a % of AGI). The marginal rates are similar, but without deductions, exemptions, etc, I paid a lot more taxes. Anyway, my point is that before you complain that taxes are too high, look around. It costs a lot of money to run a country and the U.S. is doing it for cheaper than the competition. We are kinda like the Southwest Airlines of developed countries. So, just know that nobody outside the U.S. is feeling sorry for you when you complain that your taxes are too high. Venezuela has lower taxes, maybe you should move there.

A common complaint is about the complexity of Internal Revenue Code. My ears are deaf to this moaning. Who cares if the Code is a billion pages long? Personally, I do a 1040, a Schedule A and a couple other schedules. I do it on Turbo Tax and it takes a couple hours. Who cares if there is a is a tax credit for midgets or a special tax rate for money made on windmills? There may be a billion pages of code, but only a little bit of it relates to you and me. And as for the guys to whom the billion pages does relate? They can afford a tax department that gets them the midget credit. Really, if you can't figure out your 1040, then you are a mental midget.

Now here is my biggest beet with political dialogue on taxes….taxes are a red herring. If you are president for four years and get rid of all taxes without cutting spending, then I come in and put taxes at double what they were to start to cover all the spending that happened, am I the bad guy? Look, taxes are a timing issue - the real issue is spending. Any increase or decrease in taxes is meaningless unless there is a corresponding change in what is spent. All you do by reducing taxes is increase the deficit, which has to be paid off eventually - through taxes! Reducing taxes without reducing spending would be like switching from spending cash on everything to using your credit card to buy everything. So, enough already with campaign promises about taxes - tell me how much you are going to spend over the next 8 years.

This is my second biggest pet peeve on taxes. I can tell it best by example. A dude on TV was explaining how socialized medicine in the U.S. would cost in total and then he divided it by the population and said that it would "cost" each of us $x. Here is what bugs me. Things don't go from free to costing something anymore than they go from costing something to free. The dude left out an important number: what we currently pay in health insurance. Now, I don't care one way or another about socialized medicine. My point is that things cost what they cost, and whether I pay for it as a payroll deductions for health insurance or through higher taxes, I am paying for it either way. Maybe you prefer paying insurance premiums over paying taxes. I don't care. But I do care the math be complete if making a point. I am not saying that what I would pay would be perfectly proportionate to what I would receive (in a progressive tax structure, this is not the intention), but the more you get from the government, the less you need to get yourself.

Here is my last complaint. I hate people that just categorically want "lower taxes". They aren't ever satisfied with the current level of taxes, they always want less. Taken to an extreme, they wouldn't be happy unless taxes were zero. Heck, even then they'd complain that they don't get a check from the government ala Alaska or Saudi Arabia. If I ran for president, I could probably lock up 50 million lemmings by just hypnotizing them with the promise of lower taxes. How about this? Determine what you think the appropriate level of taxes are, complain when they are higher than that level as well as when they are lower than that level. The not-very-thought-out-at-all stance of "I always want lower taxes" just shows you aren't very bright. If we lower taxes any more, we'll have to run a deficit, pull out troops from Iraq, have failing social systems, have terrible disaster recovery when natural disasters strike and have to borrow money from China. Now, that would suck, wouldn't it?

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Posted by Dr Fro 12:41 PM
Just a week ago, the Astros were nipping on the heals of the Cubs - about 1/2 game out of first. Crap it's been a bad week since then. We've only won one game, and the Cubs look better than ever. So, I have stayed away from betting on Houston, which led me to Cleveland last night. It isn't often you give up 9 runs and still win, but it seems to happen a lot against Texas. Easy money.

I'll tell you what isnt easy money - online poker. I told you that I am in a rut of getting 3rd and 4th place all the time, never winning, much less showing. Yesterday, I had >90% of the chips when it was heads up. I lost 8 straight hands and was down to even with the dude. Man, what the hell? After an eterenity, I maanged to win all the chips back and got 1st place for the first time in a long time. Felt good, too.

My man, Beau is winning, too. Here is an update from him from the Rio:

From: Beau
To: Phreau
Date: 06/05/2008 11:49 AM

Played in two satellites last night, a $175 and $125, started out absolutely dominating in both, but coincidentally ended up in a 3-way chop both times getting a 1/4 of each pot, netting $415 between the two. I also chopped a 5-way $500 last longer bet at the second table to net another $150 ... Total $565 and now I'm playing in todays tourney at a discount $1500-565 = $935... Sweet!

Finally, I watched erick lindgren win a bracelet late last night ... Can anyone confirm that that is his first? I wasn't sure.
More to come....

Sent via BlackBerry by AT&T


Good luck, Beau

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Posted by Johnnymac 10:01 AM
Interesting, although I wouldn't discount the argument that a "guaranteed" 20% return is still pretty good compared to a long shot 500% (5-1) return, but then again, it's still technically gambling compared to making an actual investment.

For a horse with those odds, you would have to bet $5 to win $1 -- plus get back the amount you wagered. But there's a saying around the track: If you've got the $5, why do you need the $1? That's why some bettors snub the favorite and take a horse with higher odds to improve their payout. (Like the people who bet on Birdstone in the 2004 Belmont Stakes. With 36-1 odds, the longshot beat Smarty Jones, the horse favored to win the Triple Crown. In that race, a $10 wager on Birdstone returned $370.)

Another way of looking at it is to say that 5 out of 6 times, a bet on Big Brown to win would return something, whereas only 1 time out of 6 would the other bet return money. That's the whole idea of "odds."

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Wednesday, June 04, 2008

Posted by Johnnymac 9:44 AM

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Monday, June 02, 2008

Posted by Johnnymac 5:33 PM
I absolutely have to try this some time... and it looks like it's actually low carb!

Breakfast Cake

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Random thoughts from a lawyer, an accountant, a commodities trader, an ex-Marine and a WSOP Main Event money finisher that don't know as much as they wish they did...



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The Doctor is IN

Dr Fro
aka "slow roller"

Which one is the fish?

aka "Sunday Stroller"

You go now!

Johnny Mac
aka "Chop Suey"

You got to know when to hold em;  Know when to Mo' em ...

aka "Mo roller"

Old School

"Baby's Daddy"

free hit counter


Beautiful handmade receiving blankets. Get yours today in flannel or seersucker.

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