Why are the best poker players actually the best?
Every serious poker player wants to be successful and many of them have the right technical skills. However, the truth is that there are key mental factors that separate the big winners from everyone else.
Patricia Cardner is a psychology professor, licensed professional counselor and dedicated poker player. She interviewed a select group of professional poker players who share two key characteristics: ALL of them have been successful over many years and ALL of them have lifetime winnings of more than $1,000,000.
Patricia analyzed the results to determine exactly what psychological skills, techniques, and strategies they use. This book is the result of her studies.
Positive Poker outlines the mental skills that you need to develop if you want raise your game. Positive Poker will help you to:
* Optimize your brain for efficient learning* Increase motivation and stay positive* Use psychological skills to increase your win rate* Increase self-control and reduce tilt
Patricia is aided in her investigations by the highly successful poker pro Jonathan Little, author of the critically acclaimed series, Secrets of Professional Tournament Poker.
Pearl Legend: Hold and Win is a new release which is coming from iSoftBet, a slot machine with a Chinese concentration and utilizing a lot of the designs that are normal for their games. Some of the features included will be familiar to you, as the Hold and Win a part of the title suggests there are a few things which are unique also.You are playing on 5×3 reels with 20 paylines being used each round. Pearl Legend: Hold and Win can deliver top wins of 1,250x the stake but its standard mixes offer maximum of 500x. It has a 96% RTP, while for its huge features there will be Wilds, Pearl scatters, the Pearl Legend Respins, Reel Boosters and regular game modifiers.Betting and Prizes 20 coins are being used and you simply pick their value, in a range of $0.01 to $1. The wagering range coming from this will go from $0.20 to $20.Wins of up to 1,250x the stake can be paid during Respins, which implies that you could leave with $25,000 cash, by utilizing the most extreme wager of $20. Standard wins of up to 500x the stake per spin are delivered during gameplay, utilizing mixes made out of Gold Dragons.A 96% RTP reveals to us that the amount getting back into the pockets of its players is about the same in other slot games.Pearl Legend: Hold and Win Slot Features Anytime you see the Yin Yang image on the reels, it will be joined by the Wild logo, so it will be the substitute which you can use to place along with standard images and get new wins. You can’t have it do likewise for the scatter but that is a standard limitation.There are a few game modifiers which you may use during paid spins. Red Gems will give you 3 to 5 wilds on the reels. Blue Gems will change images into Pearl scatters. There is likewise a Dragon sculpture, which will change Royals to high value images.The Pearls are your scatters and landing at least 5 out of a single spin will take you to the Pearl Legend Respins reward. Both the setting off Pearls and any new ones that go along, will get sticky on the reels. You start with 3 respins but you reset the number on the off chance that you get extra Pearls before the rounds are totally consumed.Pearls may appear during Respins and they can bring certain Boosters, given that you get three that match.Blue Gems: will open up to three extra rows (Reels Boosted).Green Gems: give the Pearl prizes a boost (Values Boosted).Red Gems: gives you 1 extra respin (Spins+ Boosted).Purple Gems: the multiplier goes up as high as 10x (Multiplier Boosted).Theme and Design As far as Chinese themes go, the one from Pearl Legend looks standard. The six images we see are basic in such games, as we’re taking a look at Yin Yang signs for the wilds, a Pearl as scatter alongside premium images with the Dragon, Phoenix Bird, 3 Gold Coins, Frog. The other four base paying images are the ones showing Royals. With everything taken into account, it’s a standard look for such slots. The activity seems, by all accounts, to be put placed in a temple, where we see on the left side a living Dragon holding a pearl in its claws.ConclusionPearl Legend: Hold and Win is definitely not a terrible slot machine, especially as they changed a few things about its major feature, they didn’t just clone the same reward game that every other person is using lately.
The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
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Since the Alderney Gambling Commission’s role is vital in our industry and it is one of the primary governing bodies that we rely on for the regulation of online casinos, we will now give you an overview of the main features of AGCC.
We’ll start with a short history and definition of what AGCC is. We’ll then go through its activities and responsibilities. We’ll also mention some notable casinos that have an AGCC licence. Finally, we’ll let you know how you can contact AGCC and what it can do to help you.
AGCC – What Is It?
Established in 2000, Alderney Gambling Control Commission (AGCC) is an independent governing body that regulates iGaming operators on behalf of the States of Alderney. Together with the UK Gambling Commission and the Malta Gaming Agency, it ensures that an operator offers players the chance to play at a safe online casino.
Name: Alderney Gambling Control Commission
Address: St Anne’s House, Queen Elizabeth II Street, Alderney, Channel Islands, GY9 3TB
Phone: +44 (0)1481 825500
Alderney Gambling Control Commission – What It Does
AGCC is authorised to issue licences and certificates. There are two types of electronic gambling licences. The first has to do with player registration and verification, contracts and funds. The second one has to do with the management of gambling platforms. These two types are intricately connected.
Alderney Gaming Control Commission has set a clear goal. Its main objective is to defend and improve its name as a first-tier regulatory jurisdiction. It works towards that goal by ensuring the following:
All gambling is conducted honestly and fairly.
Online gambling, including its management, operation, and funding, is free from criminal influence.
Strict regulation and monitoring protect the young and vulnerable people.
Moreover, AGCC takes up compliance testing of licensees. To perform regular technical checks, AGCC Alderney works closely with certified testing laboratories, or test houses, around the world. Finally, AGCC provides players and operators with transparency. On the website, you can find the names of the licensees but also the names of the applicants.
Alderney Gambling Control Commission Casinos
Since the Alderney Gambling Control Commission (AGCC) is a key issuer of certificates and licences in the online gaming industry, you will often come across its name when looking for the best gambling sites in the UK. Here are some of the top online casino operators that proudly display the logo of AGCC on their websites as proof they have a valid licence from the Commission.
Why Play at an AGCC Casino?
But why should you choose one of the Alderney Gambling Control Commission casinos? There are many reasons. First of all, you should never even consider playing at unregulated casinos. AGCC is one of the best in regulating online gaming sites and promoting responsible gambling. That gives players a lot of advantages. The Alderney logo on the casino website guarantees:
Player Protection: Operators are required to comply with the data protection Act and handle sensitive information properly. Also, those that are vulnerable and the young are paid special attention. Finally, player funds are kept separate from casino funds, thus preserving player money no matter what.
Fair Gaming: Online casinos undergo routine equipment checks by licensed technical laboratories that work with the Alderney Commission. The regular technical supervision and testing aim to ensure all games are fair and that the Random Number Generator (RNG) is indeed random.
Operator Accountability: If there were no accountability, online casinos would do whatever they please, and players would suffer losses. However, Alderney Gambling Control Commission casinos stand by their word. Should an operator stray from the act of conduct, any player could get in touch with AGCC – contact them or file a complaint.
Apart from the AGCC transparency that we’ve mentioned, the Alderney Gambling Commission is easy to reach by phone, fax, email, web form, or mail. Choose your preferred method of communication to request more information about the activities of the organisation or to file a complaint.
Did you know that AGCC Alderney would like to help you in your communication with the online casinos they regulate? For example, if you think you’ve been mistreated, but the casino operator doesn’t respond to your messages, contact Alderney.
Indeed, since one of the goals of the Alderney Gambling Commission is to ensure that players are treated fairly and gaming is conducted honestly, you could rely on the help of the governing body. Contact Alderney – file a complaint – with regards to any case in which you believe a licensee, that is an online casino, has breached any of the provisions, as stipulated by AGCC.
FAQ About Alderney Gambling Commission
We have tried to present the Alderney Gambling Control Commission (AGCC) the best way possible without getting into too much detail. We’ve explained what AGCC is and what it does. We’ve also made clear how the Alderney Commission could help you in your communication with online casinos. Finally, we have given you the names of top AGCC casinos. We’ll now answer the top questions players have about AGCC.
✔️ What does AGCC stand for?
AGCC stands for Alderney Gambling Control Commission. It is one of the most respectable regulatory organisations in iGaming. The AGCC works closely with the UK Gambling Commission to maintain and ensure a safe online gaming experience for UK players.
📑 What does the Alderney Commission do?
The Alderney Gambling Control Commission (AGCC) issues certificates and licences to casino operators that comply with the Commission’s stringent rules for player safety, game fairness, and protection of the young and vulnerable people. It also ensures that operators stay compliant by regular testing.
🃏 What makes AGCC casinos safe?
If an operator displays the AGCC logo on their website, that gaming site a safe place where you can play real money games and expect fair, honest results, thanks to a truly random RNG. Alderney Gambling Control Commission casinos are an excellent choice for UK players.
🎰 What are the advantages of playing at an AGCC casino site?
You are probably wondering what the advantages of AGCC casinos are. Since the Alderney Gambling Commission works to ensure the UK online gambling experience is at its best, AGCC casino sites boast many features of excellence, such as player protection, fair gaming, and operator accountability.
🎲 What can the AGCC do for players?
AGCC has UK players’ best interests at heart, including but not limited to player safety and comfort. So, if you have a problem that an AGCC casino refuses to solve, you can go ahead and use the AGCC contact form or another method of communication to flag the problem. Alternatively, you can file an official complaint.
I am thrilled to announce I am re-launching JonathanLittlePoker.com!
Over the last five years, I have been super busy traveling the world playing high stakes poker tournaments, writing books (14 books total, at the moment!) and cultivating my training site, FloatTheTurn.com. I completely forgot about my personal site.
At my site, you can expect lots of FREE educational poker blogs as well as guest blog posts from some of the top poker players and mindset coaches in the game.
You can usually expect my blog posts to be longer than the articles I have produced in the past for various poker magazines, given they typically have a 900 word limit. There is only so much you can say in 900 words! My goal with this blog is to bring you fresh, enlightening content that you cannot find anywhere else in the world.
I also plan to post previews from my upcoming projects, especially when I need your opinion to help improve them. I probably won’t post too much about my day to day life unless you make it clear you want to hear about that. In general, my life is fairly mundane. I work a lot and play a little.
Given I now have lots of educational content to share with the poker world, I want to make the information as easily accessible to you as possible. Feel free to browse my books and video products using the tabs at the top of this page. If you want free poker training videos and exclusive new product information from me, I strongly suggest you sign up for my email list on the side of this page.
If you have any questions or comments at all, or if you find flaws with the site, PLEASE use the contact form. Your comments will help make this site the best it can be.
Thank you for checking out the site. I truly hope you enjoy what I bring to you. Be sure to follow me on twitter @JonathanLittle and check back often for updates.
ด้วยชื่ออย่าง 40 Supreme Fruits คุณจะรู้ได้อย่างแน่นอนว่าจะมีธีมแบบไหน สล็อตนี้มีความไม่สามารถคาดเดาได้ปานกลาง 5 วงล้อและรูปภาพ 4 คอลัมน์ ซึ่งรวมถึง 40 วิธีต่างๆในการประสบความสำเร็จและคุณสมบัติที่น่าทึ่ง โดยรวมแล้วคุณจะเห็นไวลด์และสแคตเทอร์ทุกที่บนวงล้อและคุณจะเห็นเพชรแจ็คพอตและคุณสมบัติสองหรือไม่มีเลย การเดิมพันและของขวัญเนื่องจากนี่เป็นตัวแทนของสล็อตคลาสสิกคุณจึงตระหนักดีว่าคุณต้องได้รับภาพที่คล้ายกันจำนวนมากเพื่อครองเกมนี้ คุณจะต้องมีของขวัญที่จำเป็นอย่างน้อย 3 ชิ้นจากทั้งหมด ไม่ว่าจะด้วยวิธีใดรางวัลของคุณจะใหญ่ขึ้นเมื่อคุณได้รับ 4 หรือ 5 ด้วยภาพที่ผิดปกติในชุดค่าผสมคุณสามารถทำให้เกมโดดเด่นได้เมื่อเปิดใช้งานคุณสมบัติ 40 Supreme Fruits Slot คุณสมบัติธีมยอดนิยมมีภาพที่คุ้นเคย ในทำนองเดียวกันส้มองุ่นลูกพลัมมะนาวเชอร์รี่และผลไม้อื่น ๆ สามารถพบได้ในวงล้อ อย่างไรก็ตามคุณไม่ได้อยู่คนเดียว Wilds, scatterers และ reels ปรากฏขึ้น โดยทั่วไปแล้ว Wilds จะช่วยให้คุณเดินทางในขณะที่คุณผสมผสานและจับคู่ภาพยนตร์ทั่วไป ในทำนองเดียวกัน Scatter สามารถช่วยคุณสร้างส่วนผสมที่ประสบความสำเร็จเมื่อคุณได้ภาพอย่างน้อย 3 ภาพในการผสม ในเวลานั้นมีคุณสมบัติเพชรแจ็คพอตที่สามารถให้หนึ่งในแจ็คพอตได้ สุดท้ายมีเกมสองหรือไม่มีเลยที่สามารถช่วยเพิ่มรางวัลของคุณหรือช่วยให้คุณแพ้ ธีมและการออกแบบธีมที่เป็นที่รู้จักนำเสนอการออกแบบที่ยอดเยี่ยม 40 Supreme Fruits พร้อมคุณสมบัติที่ยอดเยี่ยมบางอย่าง
ts911 คาสิโน ออนไลน์…
Tyrant King Megaways เล่น 6 วงล้อรับ 117,649 Megaways ในระหว่างการหมุนปกติ แต่ในทำนองเดียวกันจะได้รับมากถึง 200,704 วิธีที่แตกต่างกันเมื่อมีโอกาสได้รับฟรีสปิน นอกจากฟรีสปินแล้วยังมีรีลแบบเรียงซ้อนตัวคูณการขยายตัวไวด์และรีสปิน เงินปันผลสามารถยอมรับได้มากโดยมีการเดิมพัน 10,000x และ 96% RTP การเดิมพันและเงินรางวัล $ 0.20 เป็นเดิมพันต่ำสุดสำหรับผู้เล่นส่วนใหญ่และเป็นจำนวนเงินต่ำสุดที่ Tyrant King Megaways อนุญาต ในทางกลับกันการเดิมพันสูงสุดที่ใช้คือสูงถึง $ 20 และการชนะครั้งใหญ่คือโอกาสในสล็อตที่ต้องพึ่งพา Megaways อย่างสม่ำเสมอซึ่งเป็นแรงจูงใจสำคัญที่ทำให้เกมเหล่านี้ได้รับความนิยม อย่างไรก็ตามไม่ใช่เรื่องง่ายเพราะเป็นเรื่องที่คาดเดาไม่ได้อย่างมาก ทุกสิ่งที่พิจารณา Bonanza RTP ที่มีสัดส่วนการเดิมพันสูงถึง 10,000 ครั้งถูกกำหนดไว้ที่ 96% คุณสมบัติสล็อต Tyrant King Megaways ที่เกี่ยวข้องกับระบบ Megaways ขึ้นอยู่กับจำนวนวงล้อคงที่ (6 ในกรณีนี้) แต่สำหรับภาพจำนวนเท่าใดก็ได้ (2-7 ระหว่างการหมุนปกติ) วิธีนี้ช่วยให้คุณได้รับรางวัลมากถึง 117,649 วิธีในระหว่างการหมุนปกติ เมื่อเกิดการรวมกันรีลแบบเรียงซ้อนจะถูกทริกเกอร์เพื่อลบรูปภาพที่ชนะและเพิ่มรูปภาพอื่น สิ่งนี้สามารถจุดประกายชัยชนะและน้ำตกได้มากขึ้น ฟังก์ชันสปินและ Respins จะทำงาน มันให้รางวัลสไตล์ Hold and Win แก่คุณด้วยการตอบสนอง 3 ครั้งในระหว่างนี้คุณจะต้องได้รับไวลด์พิเศษสำหรับวงล้อของคุณ สามารถแสดงเฉพาะตำแหน่งที่ไม่เหมาะสมและว่างเปล่าในโหมดนี้ คุณรวบรวมการตั้งค่าเสริมและการตั้งค่าใหม่ที่อาจปรากฏขึ้น หากวงล้อถูกปิดทับมันจะกลายเป็นไวด์ตัวคูณ การตอบสนองจะถูกรีเซ็ตเมื่อคุณได้รับไวลด์ใหม่และเมื่อสิ้นสุดคุณสมบัตินี้คุณจะได้รับไวลด์ทั้งหมดที่ใช้เป็นส่วนประกอบของส่วนผสมใหม่ในเกมหลัก คอมโบทั้งหมดสูงสุด 6 ไวลด์จะจ่ายที่ 50 เท่าของเงินเดิมพันและจะได้รับสูงสุด 15 รอบเมื่อแสดงไข่ไดโนเสาร์ที่กระจัดกระจายมากถึง 6 ใบ มีการเพิ่มรูปภาพหนึ่งบรรทัดเพื่อเพิ่มพื้นที่ในเกมดังนั้นตอนนี้คุณสามารถชนะ 200,704 วิธีต่างๆ คุณสมบัติอื่นรวมถึงตัวคูณการขยายซึ่งจะเพิ่มขึ้น 1 สำหรับแต่ละน้ำตกใหม่ ธีมและการออกแบบเราย้อนกลับไปในสมัยที่ไดโนเสาร์เดินทางและควบคุมโลกใบนี้ ทีเร็กซ์จะเป็นดาราในป่าและไข่ไดโนเสาร์จะเป็นตัวแทนของการวางไข่ ภาพมาตรฐาน ได้แก่ Adventurer, Cavewoman, Three Kinds of Dinosaurs และภาพวาด 10 ถึง A Royals เมื่อถึงจุดนั้น Jurassic Park ก็อยู่ในใจเนื่องจากเป็นการผสมผสานระหว่างยุคก่อนประวัติศาสตร์และยุคปัจจุบันและไม่สามารถหาได้จากที่อื่น บทสรุป Tyrant King Megaway นั้นน่าสนใจด้วยคุณสมบัติใหม่ที่เราสามารถทดลองใช้ได้แล้ว ฉันรู้และสนุกกับมัน การชนะสูงสุดของเงินเดิมพัน 10,000x ไม่ใช่เรื่องพิเศษในสล็อต Megaways แต่มันก็ดูดีมากที่ทุกอย่างเท่าเทียมกัน
Monday Majors: Singh Wins Adda52’s Iron Man To Capture His 4th MTT Tittle Of 2021; Roy Wins Voyager!
After a smashing Sunday, the action slowed down a little on Adda52. Headlining the Monday action on the site was the 8 Lac GTD Iron Man sporting a buy-in of INR 2000. Running as part of the site’s 18 Crore GTD ‘Fast & Furious February’, the marquee tourney pulled in 356 entries by the time late registration closed. After almost six and a half hours of intense play, it was the former GPS Melbourne winner, Deepak “peacelover” Singh, who outlasted the competition to win INR 2 Lac and his fourth MTT title of the year. The mystery player “foldkardunga” finished runner-up for 1.21 Lac.
Total Entries – 356Prizepool – 8 LacPlaces Paid – 38Min Cash – 4800
Abhijeet “2abhisingh” Kumar (3rd for INR 88,000), Parth “punit7690” Aggarwal (4th for INR 64,000), Uttam Kumar “chinunew” Sinha (7th for INR 24,000), and “iamaluksack” (8th for INR 20,000) were the other notable online regs who ended their run at the final table of the flagship tourney on Adda52.
2.75 Lac GTD Voyager
The other major tourney running as part of ‘Fast & Furious February’ was the 2.75 Lac GTD Voyager that logged in 273 entries to meet its specified guarantee. This month’s Maverick winner, Vaibhav “vroy219” Roy shipped it to win INR 71,500 and his second MTT title of the year on Adda52. He eventually outlasted “smr1g10” in the heads-up who banked INR 42,625 for his runner-up finish.
Total Entries – 273Prizepool – 2.75 LacPlaces Paid – 27Min Cash – 2475
Harsh “harsh1327” Bubna (4th for INR 23,375), Siddharth “gabandheer” Pandey (7th place for INR 8,938),Yash “yosher” Jain (8th for INR 6,875) were the other notables who final-tabled the tourney.
That is a lot of people!© PokerNews
The 2014 WSOP introduced the concept of the “Monster Stack” tournament, which provides each player with a much larger starting stack than normal.
While it is a well-known fact among professionals that they have a larger edge with a larger stack compared to a smaller stack, the Monster Stack event was one of the largest of the series, attracting a whopping 7,862 players.
When I posted about my confusion on twitter, I was instantly faced with lots of people spewing blatant ignorance. Somehow over the last few years, amateurs got the idea stuck in their head that deep stacks are good for them!
In this blog post, I will explain why the Monster Stack event is bad for amateurs and what they can do to find events that give them the best chance for success.
Before I proceed, please know I am only trying to spread the truth. While it has become clear to me that countless people blindly believe incorrect concepts, if you are an amateur player who cares about money and you seek out deep stacked events consisting of a few professionals, you will quickly find your bankroll is gone.
Playing for Fun
The main reason most amateur players seem to favor deep stacked events is because they allow for “more play.” To them, this means they get to sit at the table for a longer period of time before going broke. This is, of course, correct, because they can lose more hands before becoming handcuffed by a short stack. Compared to normal $1,500 WSOP events, where you are often crippled after losing one marginally significant pot, having a larger stack in terms of big blinds will allow for longer periods of play at the table.
That isn’t a lot of chips!
I want to make it clear that sitting at the table for a long period of time should not be your goal when you enter a poker tournament, assuming you care about money. If you are only playing for entertainment, to complete a “bucket list” item, or for a story to tell your friends, this article is not for you. Those people value experience over money. There is nothing wrong with that at all. However, I try to help people who want to improve at poker, not those who blatantly do not care about knowledge and self-improvement.
In all aspects of life, you can usually find a way to trade money for experience. Most of the time for lunch, I have blended up spinach, kale, parsley, and other vegetables. Yum! However, on some days, I will go out to an overly expensive restaurant and eat fairly unhealthy (compared to raw veggies) food. When I go to a restaurant, I am voluntarily trading money, time, and health for a nice experience and pleasant tastes in my mouth. While I don’t do this too often, perhaps once per week, I enjoy it and will continue to do it.
This guy is clearly having fun. © PokerListings
I think most amateur poker players who are playing poker for the experience view the Monster Stack event similarly to how I view going out to a fancy restaurant for lunch. There is nothing at all wrong with that. Trying to teach me about nutrition and getting a good value when it comes to dining out at lunch is futile because both of those things are not my goals in the least bit, just like some amateurs’ goals are not to win money in the long run.
I am not on the same page as those players looking for an experience at the poker table because we have vastly different goals. If I want to save money, time, and health, I eat spinach. If I want to spend money, relax, and eat cake, I go to lunch. If you want to maximize your equity, especially if it is certain to be negative (the goal, perhaps, should be to lose less), you should play shallow stacked events. If you want to play poker with the pros, sit at a poker table for a long time, and not instantly go broke, you should play deep stacked events. However, you must realize that you are sacrificing monetary equity for experience equity.
Of course, it is possible to have the best of both worlds, playing deep stacked with an edge, which is what the pros do, but you must accept that you will have to spend tons of time away from the table studying and at the table practicing to develop your skills. Most amateurs refuse to study away from the table and do not have adequate time to spend at the table. If you care about money, you must be realistic with yourself about your goals and your commitment to the game.
My problem occurs when someone tells me “I am playing the monster stack because the deep stack gives me an edge” and also “I play one poker tournament per year.” It is almost impossible for that player to be good at the game. I am simply being honest and fighting ignorance. Sometimes the truth hurts.
Playing for Money
If you are playing with the intention of trying to not lose your buy-in, you must be perfectly fine with busting out at any point in a tournament. Some of my best days of the summer are when I bust out of within an hour because I get to take the rest of the day off. I would much rather bust one hour into a tournament than eight hours into it, assuming I am not in the money.
It is easy to make bad decisions with a huge stack. © PokerListings
Most amateur players use the extra time afforded to them by having numerous big blinds by waiting around for premium hands. The problem with this is that they often cultivate an overly tight image and fail to get action with their strong holdings. Waiting around for a nut hand is useless if you only win small pots. In order to succeed in deep stacked poker, you have to get at least a touch out of line and let your opponents know you aren’t playing with only the nuts. If they think you are capable of bluffing, you will get paid off much more often.
As an example, in the Monster Stack event, which I made a point to play due to my gigantic perceived edge, someone raised to 3 big blinds and a guy who had yet to reraise over the course of eight hours all of a sudden reraised to 12 big blinds from the button out of his 75 big blind stack. I looked down and found Q-Q. I folded it with little thought. If my opponent was even the least bit active, I would have happily doubled him up. Instead, I lost nothing. I was not surprised at all to see him turn up A-A. For the record, in tournaments with strong players who play at least marginally aggressively, I don’t think I have ever open folded Q-Q in my life. My opponent’s play cost him around $1,000 in equity and he didn’t even realize it. He was simply happy to win the pot.
Lots of other amateurs claimed they don’t like playing short stacked because they are forced to “flip”. While getting it all-in with around 50% equity is never ideal, you will find that if you can get all-in with around 55% equity or more you will crush the competition in the long run. Believe it or not, it is difficult to do once stacks get shallow.
I will demonstrate this concept using oversimplified, but hopefully enlightening, math. In these simulations, you are forced to go all-in every hand in a heads up match. Notice in an actual poker tournament, when you get all-in, it will frequently be against one player, which is a similar situation. You must recognize that if you are overly focused on getting your money in good, you will often be blinding off, making the math much worse for you because when you win, you will not bust your opponents. This gives them the opportunity to run their stack back up, occasionally busting you despite you initially winning almost all of their chips.
Hopefully you know that if everyone has a 50% chance of winning each all-in, in an eight-person heads-up tournament, everyone will win 12.5% of the time. However, if one guy has a 55% chance of winning his flips, meaning each of his opponents has 45% chance against him and 50% against everyone else, the player with 55% will win the tournament a 16.6% of the time, which provides a hefty 32% return on investment. This is because each of his opponents will only win 11.9% of the time.
If instead of only eight people, there were 64, the player with 55% will win 2.77% of the time, which might sound minuscule, but is huge compared to everyone else, who will only win 1.54% of the time. In that event, the player with 55% will have a 77% return on investment, which is more than most top tournament players expect to have in a tournament with many more people. Hopefully you immediately recognize that if you can consistently get your money in good, you will have a larger return on investment as the field size increases.
It is important to realize that when playing deep stacked, good players do not get all-in against an amateur without a hand that can reasonably beat good, but not amazing, postflop hands, such as A-A on 9-7-4-2. It might be hard to believe, but against someone who is a good poker player, you do not want to get all-in with most one pair hands in most situations when you have more than 150 big blinds.
To make matters worse for the amateurs, pros slowly grind up their stacks with minimal risk by stealing lots of pots that do not belong to them. This allows the pros to get all-in as a significant favorite with more chips than their opponents, killing the amateur’s chances in the long run. Notice in a 64 person flipping tournament, if a really good pro has 60% equity and everyone else is neutral, he will win 4.67% of the time with a gigantic 199% return on investment. If instead, all of the stacks are super short, perhaps the best a pro can hope for is to have around 53% equity on average, cutting his return on investment to 41%, giving the amateurs a realistic shot to win in the short run.
This is why deep stacks are devastating for amateurs, assuming they care about money. This is also why you see the same pros making deep runs in major deep stacked events on a consistent basis while they put up less than stellar results in short stacked events. The math is inexorable.
How Did the Amateurs Do in the Monster Stack Event?
If you look up all of the Monster Stack final table players on the Hendon Mob database, you will see that six of the nine players are what I would consider to be mediocre pros or complete pros in the $1,500 and smaller events. Two of the players, including the eventual winner, had almost no live results, but if you take a look at the events they were playing prior to this event, you will notice they were playing mostly high stakes European tournaments. This tells me they are almost certainly strong online players. If you are an online player who plays mostly on the internet and in Europe but you can find a way to come out to beautiful Las Vegas for the WSOP, you are probably excellent at poker. Only one of the players had relatively weak results and even then, he had some.
How did You Do in the Monster Stack Event?
I got lots of “hate tweets” when I lost, saying that if pros have such a large edge, why didn’t I win? There is a relatively large amount of variance in any poker tournament. How any individual pro fared in the event is entirely irrelevant. You must look at how we did as a whole. Considering that most likely eight out of the nine final table players were at least mediocre pros, we likely did better than average.
That being said, I doubled my 15,000 starting stack to 30,000 without going to a showdown within the first two hours. From there, I got all-in for a giant pot with A-K as an 85% favorite in a spot where I was fairly confident my opponent had A-K, A-Q, or A-J on an A-T-8 board. He had A-Q and got a Q on the river, putting me back to 15,000. I again ground up my stack with no showdown to get to 30,000, and then I lost with A-K versus A-J all-in before the flop to bust. Within a few short hours, I got my money in as an 85% favorite for a two starting stack pot, as a 73% favorite in a four starting stack pot, and I ground up two starting stacks.
I am entirely happy with my performance. The actual outcome (I lost) is irrelevant. Remember, if you are playing poker for a living, you only care about winning equity. Money will come in the long run.
Which Events Should Amateurs Play?
So, which WSOP events should amateurs play, if they are looking for good value for their tournament dollar? They should play events that have the highest variance because those lead to the most flips. This means the typical $1,000 and $1,500 events that have shallow stacks. The Millionaire Maker event is an excellent option for such amateurs looking to play a WSOP event because the stacks are short and the prize pool is huge. If you are looking to gamble hard with at least some equity, that is the event for you. Before buying in, realize you have around a .014% chance of winning, assuming you are a break-even player.
If they play a conservative strategy, they should play events that do not punish being tight with a deep stack. Since pot limit events do not have antes, those are the ideal events for amateurs. Despite this fact, pot limit events attract some of the smallest fields of the series. This is another example of blatant ignorance at work.
My books are a good place to start!
Notice that the WSOP Main Event, which is a giant $10,000 buy-in event, attracts loads of players, and proudly boasts the deepest structure of all events played around the world. This is the one event amateurs should not even consider playing. Instead, they show up in droves.
Of course, the amateurs could spend their time learning the game well before tackling fairly large buy-in events, whatever stack size they provide. That would certainly be a much wiser use of their time and money. Luckily for me, most people find studying to be boring. Poker is alive and well.
Once professionals stop being short-sighted and accept that whatever is good for the amateurs, whether they know it or not, is good for the game, they will fight hard to spread the truth. Sometimes you have to ruffle a few feathers and viciously attack ignorance along the way. I am willing to fight the fight.
Thank you for reading. If you have any comments at all, feel free to share them.