Monday, December 26, 2011

Hit me

I found a copy of Casino Player Magazine (November, 2011) in a Strip poker room. It contains the usual articles about how to improve your chances at winning in such negative EV games as blackjack and the slots, and, not surprisingly, is replete with ads from casinos and gaming companies.

One particular article, "Blackjack Etiquette" by Managing Editor Rob Wiser, states that basic strategy is the mathematically correct way to play every possible hand. He then goes on to say :

Hit that 16 against the dealer's 10, as much as it may scare you, and, more often than not, you will win the hand.

Wrong!!! You will lose the hand more often than not. However, you will lose less by hitting than by standing (so hitting is better). And that's assuming late surrender is not an option.

Saturday, December 24, 2011

The Interpretation of Dreams

Last night I wake up in a sweat. Another recurring nightmare where I'm all-in and have no cards.

Thursday, December 15, 2011

FTP and GBT reach agreement

Subject: Poker just broke the latest news in this complicated saga. Looks like progress.

Subject: Poker can now confirm that Full Tilt Poker and Groupe Bernard Tapie have executed an agreement to further the transfer of FTP’s assets to GBT. This agreement was necessary to pave the way for the US Department of Justice to take possession of the assets voluntarily being forfeited by Full Tilt.

Sources have confirmed that Laurent Tapie appeared personally in Dublin today and spoke to the employees about the hurdles already jumped and those still ahead.

The next key step will be for the actual forfeiture(s) to the DOJ, and the DOJ’s dismissal of the civil charges against the FTP companies. It is believed that these steps will take place shortly.

Tuesday, December 13, 2011

Tat funt Camara seals my fate

Busted out of the South Point freeroll without making it to the final day despite my having a well above average starting stack. I was card dead all night, endured many coolers, with the final coup de grace delivered during that tat-assed fitch Bamara's down when, without the aid of a sigmoidoscopy, she successfully managed to pull a 9 out of her well-endowed arse to give my all-in opponent a set which cracked my queens and crippled me.

Saturday, December 10, 2011

Poker rooms must remain competitive

Brick and mortar poker rooms can no longer take their clientele for granted. They must compete by offering freerolls, hourly comps and, of late, cash back. Wynn is offering $50 cash back for every 25 hours of live play, while the Tropicana will pay $7 per hour for the 3 hours between 4pm and 7pm. All this in addition to the hourly comp rate. South Point, the M, and the Station rooms are among many that have generous freerolls.

High hand jackpots, which come from the player subsidized $1 per pot, are no longer considered a perk. The rooms will have to start digging into their own pockets to return a proportion of the rake in the form of freerolls and cash back. After all, players are the ones subsidizing dealers' wages in the form of tips, and now rightfully expect something substantial in return for their patronage and loyalty.