{"id":2445,"date":"2018-11-24T00:39:54","date_gmt":"2018-11-24T08:39:54","guid":{"rendered":"http:\/\/www.mutantpoker.com\/?p=2445"},"modified":"2018-11-24T12:13:24","modified_gmt":"2018-11-24T20:13:24","slug":"__trashed-2","status":"publish","type":"post","link":"https:\/\/www.mutantpoker.com\/?p=2445","title":{"rendered":"Clearing the Decks: Discipline"},"content":{"rendered":"<p style=\"padding-left: 30px;\"><em>Another unpublished piece from earlier this year that I thought was a lot less finished than it was. This is the kind of thing that happens when you work full-time, play a lot of poker, and spend hours each week writing and researching. Stuff falls through the cracks.<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2447 size-full\" src=\"http:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4311-e1525645677722.jpg\" alt=\"\" width=\"1955\" height=\"1010\" srcset=\"https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4311-e1525645677722.jpg 1955w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4311-e1525645677722-300x155.jpg 300w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4311-e1525645677722-768x397.jpg 768w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4311-e1525645677722-1024x529.jpg 1024w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4311-e1525645677722-500x258.jpg 500w\" sizes=\"auto, (max-width: 1955px) 100vw, 1955px\" \/><\/p>\n<p>Last Friday night&#8217;s\u00a0<strong>Final Table First Friday $20K GTD NLHE<\/strong> went pretty well for me, a nice continuation cash for the year and a good kickoff to the month before this year\u2019s\u00a0<strong>World Series of Poker\u00a0<\/strong>season, which starts in just over three weeks. I played with no intention of rebuying.<\/p>\n<p>I almost put my intention to the test when I played <span class=\"inline-cards\"><span class=\"inline-card inline-card-c\" title=\"nine of clubs\"><span class=\"inline-card-rank\">9<\/span><span class=\"inline-card-suit\">\u2663<\/span><\/span> <span class=\"inline-card inline-card-c\" title=\"two of clubs\"><span class=\"inline-card-rank\">2<\/span><span class=\"inline-card-suit\">\u2663<\/span><\/span><\/span> from the BB (short story: let my aces get cracked by <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"nine of unspecified\"><span class=\"inline-card-rank\">9<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"two of unspecified\"><span class=\"inline-card-rank\">2<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span> in a $600 tournament at the Venetian six or seven years ago) and called a 3x raise with one other caller. The flop&#8217;s <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"nine of unspecified\"><span class=\"inline-card-rank\">9<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"six of unspecified\"><span class=\"inline-card-rank\">6<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"two of unspecified\"><span class=\"inline-card-rank\">2<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span> all red. The original raiser bet 1,200 and the caller goes all in for 2,900, I shove 10K or so, the original raiser folds, I&#8217;m up against <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"ace of unspecified\"><span class=\"inline-card-rank\">A<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"six of unspecified\"><span class=\"inline-card-rank\">6<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span> and the ace hits on the river.<\/p>\n<p>Made it up to 60K after I busted a new player\u2019s kings with <span class=\"inline-cards\"><span class=\"inline-card inline-card-h\" title=\"four of hearts\"><span class=\"inline-card-rank\">4<\/span><span class=\"inline-card-suit\">\u2665<\/span><\/span> <span class=\"inline-card inline-card-h\" title=\"six of hearts\"><span class=\"inline-card-rank\">6<\/span><span class=\"inline-card-suit\">\u2665<\/span><\/span><\/span> just after the first break, then there was a long, slide down to 40K by second break.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2448\" src=\"http:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/20180504chipstack-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/20180504chipstack-300x300.jpg 300w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/20180504chipstack-150x150.jpg 150w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/20180504chipstack-301x300.jpg 301w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/20180504chipstack.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Five and a half hours in I got into a three-way hand with tens holding against nines and <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"king of unspecified\"><span class=\"inline-card-rank\">K<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"jack of unspecified\"><span class=\"inline-card-rank\">J<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span>. I had over three-and-a-half times the average stack with 36 left and 18 paying.<\/p>\n<p>I was moved three times before the final table, with my last couple of tables featuring a very nice, slightly tipsy woman from Texas who claimed she didn&#8217;t have much experience playing poker, since it&#8217;s not legal there. She was very gregarious and doing extremely well despite her claims of inexperience. She made a couple of big calls that put her in flips (which she won), before losing a big chunk of her stack in a hand where she was ahead 70\/30. She did have a tendency to risk more of her lead than might have been prudent.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Final Table <a href=\"https:\/\/twitter.com\/FinalTablePDX?ref_src=twsrc%5Etfw\">@FinalTablePDX<\/a> in the monthly First Friday $20K GTD <a href=\"https:\/\/t.co\/7UsX92rmyS\">pic.twitter.com\/7UsX92rmyS<\/a><\/p>\n<p>&mdash; Poker Mutant (@pokermutant) <a href=\"https:\/\/twitter.com\/pokermutant\/status\/992712760998871040?ref_src=twsrc%5Etfw\">May 5, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>We took nearly an hour to go from 14 players to the final table, then another hour to lose two players. A player with about a quarter of the chips in play was in seat 1, talking non-stop, holding out for a bigger payout but also complaining about how tired he was. A couple of deals were proposed and I was the holdout until we were down to 8. The motormouth got $3K and everyone else got just over $2.5K.<\/p>\n<p>The next day&#8217;s (technically, only about 7 hours after I got home)\u00a0<strong>Portland Meadows Kentucky Derby $30K GTD NLHE Survivor\u00a0<\/strong>tournament was one I was looking forward to, hoping to string two $2K cashes together in the weekend. Sadly, it was not to be. I lost chips, then took some from the always-aggressive\u00a0<strong>Barron Nakama<\/strong> when I three-bet his raise with <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"ace of unspecified\"><span class=\"inline-card-rank\">A<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"king of unspecified\"><span class=\"inline-card-rank\">K<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span>. I picked up <span class=\"inline-cards\"><span class=\"inline-card inline-card-c\" title=\"ace of clubs\"><span class=\"inline-card-rank\">A<\/span><span class=\"inline-card-suit\">\u2663<\/span><\/span> <span class=\"inline-card inline-card-s\" title=\"ace of spades\"><span class=\"inline-card-rank\">A<\/span><span class=\"inline-card-suit\">\u2660<\/span><\/span><\/span> the very next hand and three-bet his raise again, with the flop coming <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"nine of unspecified\"><span class=\"inline-card-rank\">9<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"seven of unspecified\"><span class=\"inline-card-rank\">7<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"seven of unspecified\"><span class=\"inline-card-rank\">7<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span>. We ended up all-in and he, of course, had called my 3-bet with <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"ace of unspecified\"><span class=\"inline-card-rank\">A<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"seven of unspecified\"><span class=\"inline-card-rank\">7<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span>. Chalk it up (again) to &#8220;old man with a big pair&#8221; syndrome.<\/p>\n<p>I was down to 5,500, then managed to drive my way back up over 10K before I jammed over a 3-bet with <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"queen of unspecified\"><span class=\"inline-card-rank\">Q<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"queen of unspecified\"><span class=\"inline-card-rank\">Q<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span> from the cutoff, right into the button&#8217;s <span class=\"inline-cards\"><span class=\"inline-card inline-card-x\" title=\"king of unspecified\"><span class=\"inline-card-rank\">K<\/span><span class=\"inline-card-suit\">x<\/span><\/span> <span class=\"inline-card inline-card-x\" title=\"king of unspecified\"><span class=\"inline-card-rank\">K<\/span><span class=\"inline-card-suit\">x<\/span><\/span><\/span>. I didn&#8217;t even make it to the end of buyins (no reentry).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2446 size-large\" src=\"http:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4315-1024x663.jpg\" alt=\"\" width=\"584\" height=\"378\" srcset=\"https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4315-1024x663.jpg 1024w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4315-300x194.jpg 300w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4315-768x497.jpg 768w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4315-463x300.jpg 463w, https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4315.jpg 2048w\" sizes=\"auto, (max-width: 584px) 100vw, 584px\" \/><\/p>\n<p>Looking forward to the\u00a0<strong>Final Table $50K GTD NLHE\u00a0<\/strong>next weekend. Take time to appreciate your social club poker rooms and volunteer player\/dealers, because it looks as if there may be another move from various governmental organizations to shut the whole thing down.<\/p>\n<p>But enough of that. Let&#8217;s talk about survivor tournaments in general and the\u00a0<strong>Ignition Casino $5K GTD Thousandaire Maker<\/strong> in specific.<\/p>\n<p>Simply \u00a0put,\u00a0<strong>a Survivor tournament is similar to a satellite, where the prize pool is divided into equal-sized pieces<\/strong>. Most Survivor tournaments have a pre-defined payout, and <strong>everyone who makes it to the money gets the same amount of money<\/strong> (a ticket, in the case of a satellite). There is usually one exception: <strong>when the prize pool isn&#8217;t an even multiple of the payout amount, anything left over goes to the player who busts before the others are in the money<\/strong>.<\/p>\n<p>As an example, if you have pre-defined payouts of $1,000 (as in the Thousandaire Maker) and a prize pool of $7,200, seven players would get $1,000 and the eighth would get $200. You can easily adjust payouts in any manner you like, and the payouts are simple to calculate. Have a $225 buyin and want to pay about 10% of the field? If 1 in 10 players is paid, the payout would be 10 times the buyin: $2,250. Got 176 players and a prize pool of $39,600? That&#8217;s 17 payouts of $2,250 and one of $1,350.<\/p>\n<p>Want to extend to 15% of the field? Pay 6-2\/3 (1\/15&#215;100) times the buyin: $1,500. Same number of entrants and prize pool is 26 full payouts (176&#215;15%=26) with 27th getting $600. Better than a min-cash 7 out of 10 times even when you semi-bubble the Survivor.<\/p>\n<p>The secret of the Survivor is that\u00a0<strong>you need to be good\u00a0<em>and<\/em> lucky to stay profitable playing poker tournaments<\/strong>. In Survivor tournaments you just need to be good. You don&#8217;t win the giant, sexy money, but if you can play them often enough, you can stay ahead of the rake. If you&#8217;re good enough.<\/p>\n<p>I played my first Thousandaire Maker tournament on Bovada just over three years ago. In that time <strong>I&#8217;ve played a total of 149 Thousandaire Makers<\/strong> on Bovada and then Ignition. The <strong>payouts are $1,000<\/strong>. The <strong>buyin is $75+$7<\/strong>. I&#8217;ve cashed 16 events, with <strong>16 full payouts and one semi-bubble<\/strong>. Cost to me:\u00a0<strong>$12,218<\/strong>.\u00a0Payout:\u00a0<strong>$16,850<\/strong> (nearly a full payout for the semi-bubble). Profit: <strong>$4,632<\/strong>.\u00a0<strong>+<\/strong><strong>38% ROI<\/strong>.<\/p>\n<p>Only 7.5% of players get paid in the Thousandaire Maker, less than 1 in 13 entries. Since Bovada originally \u201csold\u201d their poker operation to Ignition, <strong>I&#8217;ve only seen \u00a0the number of entries get into triple digits once<\/strong>, so the number of $1K payouts has always been 5 (the guarantee), 6, or 7.<\/p>\n<p>At least a couple of nights a week the Thousandaire Maker doesn&#8217;t run, not enough players have signed up by 8:15 Pacific (9 is the magic number) for the game to run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another unpublished piece from earlier this year that I thought was a lot less finished than it was. This is the kind of thing that happens when you work full-time, play a lot of poker, and spend hours each week &hellip; <a href=\"https:\/\/www.mutantpoker.com\/?p=2445\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2449,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,49,4],"tags":[],"class_list":["post-2445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-poker","category-live-games","category-tournaments"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.mutantpoker.com\/wp-content\/uploads\/2018\/05\/IMG_4309.jpg","jetpack_shortlink":"https:\/\/wp.me\/p1t0pn-Dr","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts\/2445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2445"}],"version-history":[{"count":1,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts\/2445\/revisions"}],"predecessor-version":[{"id":2818,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts\/2445\/revisions\/2818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/media\/2449"}],"wp:attachment":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}