Archive for July, 2011

APPT Report, July Re-cap & August Goals

Sunday, July 31st, 2011

APPT Melbourne
I busted the APPT Melbourne Main Event earlier today, finishing 37th, 9 places short of the money. Playing for two days and then having to come in on the third day for three hands was probably the worst result that could possibly happen. I’m not at all disappointed though surprisingly, I was absolutely card dead at a tough table for the most part yesterday and I just hung tough all day and was eventually rewarded with a double up KK vs QQ. Just so proud of the way I played that day. I wasn’t particularly happy with my Day 1, but I got through with twice the starting stack so couldn’t complain. I’ve learned a heap from my ANZPT Canberra and APPT Melbourne experiences and have a heap of confidence from two deepish runs, albeit without cashing. ANZPT is coming to Melbourne in September and I’ll probably play. Right now though, I don’t even want to think about live poker again anytime soon.

July Re-cap
July was my first month playing PokerStars exclusively for a good couple of years. It started really well for me and ended the exact opposite. Having money tied up on a few non-paying/shut down sites I didn’t want to load too much onto Stars, so I had to start out at $1/$2. My results at were pretty good, which allowed me to move up to $2/$4 and subsequently $3/$6 pretty quickly, but then it was all downhill. I ran beyond bad and then started to play terribly too, got burned out and wasn’t enjoying myself. I did manage to reach Supernova VIP status in good time and earn a $4k bonus, so there is that I guess. I’m definitely looking forward to a fresh start in August, particularly after enduring the live poker grind I’ve got renewed appreciation for the online game. Read the rest of this entry »

EurekaKid Short Going Into Day 3 – APPT Melbourne Main Event

Sunday, July 31st, 2011

EurekaKid has managed to stay alive in the APPT Melbourne Main Event and make it to Day 3. He has 87,600 in chips and blinds will start at 2,000/4,000 with a 400 ante. 38 players remain in the event with the top 28 paid and they will play down to the final table today.

Links
PokerNews Live Reporting

PokerStarsBlog APPT Melbourne Day 3

Follow TheEurekaKid on Twitter

EurekaKid Survives Day 1 – APPT Melbourne Main Event

Saturday, July 30th, 2011

Our very own EurekaKid has made it through the first day of the inaugural Asia Pacific Poker Tour (APPT) Melbourne main event. Eureka will be looking to continue LifeFish’s great success rate in live tournaments this year. David ‘LacieK’ Menz finished 12th in the Aussie Millions where Michael ‘Newmanmi’ Newman also cashed. Zachary ‘zachvac’ Hall had an amazing run at the World Series of Poker where he cashed 3 times including a final table, all in big field events. It’s been a pretty good success rate with our team all being cash game players who only play in 2 or 3 tournaments a year.

With 156 of 260 runners left and a first prize of $330,000 the APP Melbourne event has been popular in its first year. Andrew will start the day in Seat 6 on Table 30. Friend of LifeFish Oliver Grujic (39,475 in chips) also made it to Day 2 and will be playing on the same table as 2003 World Champion Chris Moneymaker.

Links
PokerNews Live Reporting

PokerStarsBlog APPT Melbourne Day 2

Follow TheEurekaKid on Twitter

Revealed: Ivey & Benyamine’s Transactions with Full Tilt Poker

Saturday, July 30th, 2011

Noah Stephens-Davidowitz (NoahSD) has published an article on his fast growing Subject Poker (S:P) news site. NoahSD claims to have raw data (albeit with a few gaps), which shows transactions between Full Tilt Poker and both Phil Ivey and David Benyamine. The article basically details that Phil Ivey borrowed around $10million dollars from FTP over the last few years. In addition, it suggests David Benyamine was earning around $500,000 a year to represent the company. The Benyamine revelation seems to be the most concerning. If he was getting paid like that, it is fairly likely all the other Team Full Tilt members were getting paid at least the same. With Full Tilt players still without their money, the fact that so much has been paid to these guys raises serious questions about the ethics of them living off their Full Tilt riches while the players are left in the lurch.

Further Reading
FTP’s Financial Relationship with Two Pros
- Noah Stephens-Davidowitz for SubjectPoker.com

S:P: Phil Ivey borrowed more than $10M from FTP - TwoPlusTwo ‘News, Views, Gossip’ Thread

What  They Said On 2+2

ZBTHorton

But I think the Benyamine thing is far more troubling than the Ivey thing IMO. If Benyamine was making 500K/year, who the **** knows what some of these other people were making.

The Ivey thing has the potential to be absolutely ****ing awful, but it’s much harder to deciper exactly what is going on with the loans.

NoahSD

1) We have the raw data. This isn’t a rumor.
2) We weren’t given this data by someone who was looking to harm somebody. We got this data because I went looking for it

What  They Said On Twitter
JoeTall
JoeTall
Ivey was a “hero” 2 mon ago…now?

bpk616 bpk616
@NoahSD keep fighting the good fight, really appreciate all you and the @SubjectPoker crew do for the community, keep it up!!

billrini Bill Rini
Since loans to Ivey and Benyamine arent what has put FTP in the position its in . . . what are people most concerned with about this?

What does a no-name professional poker grinder add to society?

Thursday, July 28th, 2011

The Question
What does a no-name professional poker grinder ‘add to society’?

Should A Professional Grinder Care?
As a libertarian, I believe that everyone is entitled to their life, their property and their freedom to do as they wish as long as it brings no harm to anyone else or their property. Professional poker in no way violates that mantra. I don’t believe that anyone is born into an obligation to in some way re-pay society or even be a part of said society if they do not wish. Therefore, I actually don’t care how society views the means by which I support myself and that it doesn’t really matter to me if poker professional adds to society or not. That said, I still think it makes for something interesting to explore. There are also plenty of people who do believe that individuals are born into an obligation to conform to some sort of social contract, so the ability to argue a case for the value of poker players may be somewhat relevant in debating them on this issue.

Are Professional Players Actually Seeking to Escape Society?
Professional poker players usually come into being by quitting their ‘real’ job and taking up full-time poker playing or perhaps neglecting to go into the ‘real world’ after high school or college. A lot of them actually actively seek and enjoy the fact that they aren’t part of the ’9-5 real world’ and can live a life of self-employment, freedom and as part of the poker society which has a very different culture to regular civilian life. I would say the vast majority of poker players personalities are geared towards not responding well to authority, routine or the social status quo. Playing poker for a living is a very individual thing, poker players in general like to do things their own way and live in their own world. That’s not to say that they aren’t social and they don’t make a lot of friends along the way, but that playing poker well requires you to be quite intimate with yourself.

What Would Life Be Like If Poker Didn’t Exist?
Imagine you enjoy a banana with your breakfast cereal to start each day and that all the banana crops in the world were wiped out. You’d substitute a different fruit, perhaps strawberries. You’d still be pretty happy, but you wouldn’t be as happy as you were or else you’d have been using strawberries all along. The existence of bananas gives people utility that they otherwise wouldn’t have had. So too then does poker. People have a scarce amount of time and they currently choose to spend a whole lot of it playing the game rather than doing anything else. The question though isn’t whether the game adds to society, we know it does. It’s whether the professional players playing it add or subtract utility.

Are Professional Players Entertainers For Amateur Players?
It’s been argued that the casual player gets value from the professional because they provide an opposition to play against as a means of entertainment. This is true to an extent, the question is whether the casual player would be better off only having other casual players to play against. That would mean a whole lot less poker games spread across the globe. It’d mean very few 24 hour card rooms and less choice of games and limits. Does that outweigh the fact that casual players are effectively being charged two forms of rake when they play against professionals? They play a rake to the card room and they pay a rake in the form of losing in the long run to the professionals. My personal opinion is that the casual player is way better off with the professionals existing and having way more choice. If they want to trade money back and forth with other casual players they can still do it at the micro limits online or the $1/$2 game at their local brick and mortar. If they are someone who has money to spend and wants a big thrill they can play in a $10/$20nl game and have the chance to win $10,000 in a night or enter the WSOP main event and have a shot at getting on TV and winning millions of dollars. Read the rest of this entry »

Full Tilt Poker AGCC Hearing Synopsis

Thursday, July 28th, 2011

On July 26th, 2011 the Alderney Gambling Control Commission (AGCC) held a hearing over the license of Full Tilt Poke (FTP). FTP players were hoping that the date would bring some good news of a new investor and that FTP’s license would be re-instated. At the end of it all though we were left none the wiser as to when, if at all, Full Tilt Poker will return. The longer that Full Tilt remains offline, the more damage the brand takes and as time goes by you’d have to imagine the willingness to pay of potential investors also declines.

The AGCC revealed that Full Tilt Poker owes £250,000 in back licensing fees, an amount which FTP says it is happy to pay if their license is reinstated within 7 days.  The end result of the hearing was that it was adjourned until a date no later than the 15th of September. The AGCC issued the following statement…

“As a result of the arguments on behalf of FTP during the pre-hearing application the Commissioners decided to adjourn the hearing as they felt it was in the best interests of FTP’s customers. A key consideration in their decision was to allow FTP licensees ‘to further pursue advanced commercial negotiations which could lead to a more beneficial outcome for player interests”

What They Tweeted: AGCC Hearing For Full Tilt Poker

NoahSDNoahSD
@jonas8g
Alive and well. Decided not to cover the AGCC hearing because nothing happened and we have nothing to add. WIll have news this week

TonyGuogaTony G
Mr Lederer at the FTP hearing. No photos please. http://yfrog.com/kepwhjrj /via @egamingreview

BalugaWhaleDC Andrew Seidman
my new official song for Full Tilt Poker: youtube.com/watch?v=XVk_e3…

RobSainter
RobSainter
@BalugaWhaleDC Nice choice of song. I hardly think it’s a case of no news being good news.

Hippy1980 Hippy80
 A narrative of yesterday’s AGCC hearing in London: tinyurl.com/3cmy4p2

thepokerfarm
The Poker Farm
Alderney hearing update here. Another sad day for poker. Or will it give FTP some time to solve this mess. tiny.cc/azjjj

elblandie
Dave Bland
Harry Demetriou storms out AGCC hearing after decided to be heard in private in interests of FTP. ‘What about the interests of the players?’

pier0
Pierluigi Buccioli
FTP: We want the license back, AGCC: But you’re broke, FTP: You didn’t mind that before Franzen plea, AGCC: Lets talk in private #ftphearing

Hold ‘Em Manager 2

Sunday, July 24th, 2011

Everyone should note that the Hold ‘Em manager 2 Beta program is open for applications. We haven’t yet received our code, but when we do we’ll provide a more detailed analysis. For now, all that we can share is some of the features they have made public.

New features include…

- Better performance with faster import speeds
- Totally new interface
- New HUD
- Many more filters
- Syncing database between two computers (ie. PC and laptop)
- Free iPhone, iPad, iTouch app that syncs with your database
- Customizable home view

Check out the video they posted on their site to preview the new software – HM2 Introduction Video

If you’re interested in joining the Beta program simply login to your Hold ‘Em Manager account on their web site and click the link at the top right of the page to join the waiting list.

For what it is worth, the iPhone application seems to already be in the iTunes store and the good news is that it is free!

Get Hold’em Manager Now!

Hideout Festival

Sunday, July 24th, 2011

This is a cross post from my daily blog at LacieK: The Ballin’ Backpacker.

 

The first annual (hopefully) Hideout Festival was held on Zrce Beach in Pag, Croatia last week. The initial goal of the organisers wast to create one of the biggest electronic music festivals in Europe, and I would say that they took a very slid first step in achieving this goal.

I arrived 2 days before the festival started so I could attend the Collegium party and the Opening party, both of which were really cool especially the opening party which was held at Kalypso bar on Zrce. I wish I had taken photos of it because the set out of the “club” was amazing and the more people that filled the place the better the party became.

I obtained my accommodation through the festival and ended up in Zarko house, which was about a 5 minute walk from the center of Novalja, the town where most people were staying. When I arrived I was taken from the bus stop to Zarko by festival management, they chucked me in a random 2 person room and left. As i had booked far, far too late I knew that I was meant to get a pretty shitty room but after quite a few horrible attempts to reconcile the difference in German (which I’ve only been studying on and off for a month) with the non-English speaking landlords I decided I’d done my moral best and was going to keep the large apartment with a balcony.

There were around 25 people in the Villa and all those who chose to socialise were really, really cool and made my time there, even though they were all Brittish like every single other person at the festival. We had a bunch of really good days and nights hanging out both sober and super fucked. I hope someone has a pic of most of the group cause this is the only photo I have.

 

Apart from the people and the location Hideout was also about the acts, so many DJ’s came from around Europe especially from England. The main reason I was there was due to the big Dubstep and Drum & Bass acts. Friday for me revolved completely around seeing Nero. Nero have been one of my favorite artists ever since I got into dubstep and were almost the singular reason that I went to Hideout. Thankfully they didn’t disappoint and put on an amazing show, easily the highlight of the festival for me, though many other acts blew my mind. Read the rest of this entry »

PSA: Avoid PowerPoker.com

Friday, July 22nd, 2011

Just a quick public service announcement. There have obviously been numerous issues with poker sites post ‘Black Friday’, the biggest being Full Tilt Poker. I thought I’d leteveryone know about my experience on the Cake Network and in particular the Power Poker skin. I took the risk of depositing there after all the DoJ stuff went down. The games were pretty meh, I played there for a few weeks and then cashed out. I’ve been waiting 5 weeks for my Neteller withdrawal and hounding them constantly. I’m still no closer to seeing a cent of my money and the avoidance of a time frame from their support doesn’t’ have me confident about seeing it any time soon. I’d definitely advise anyone thinking about it to avoid the Cake Network at all costs.

Back on PokerStars, Money Locked Up, Trip Report & More

Wednesday, July 13th, 2011

Hey everyone, it’s been a while since I’ve blogged. I’ve been struggling for motivation and been pretty busy. In terms of poker, 2011 has been an extremely tough/draining year. Pretty much everything that could go wrong has which gets me a little depressed at times. That said, all other areas of life are going great, I’ve still managed to make some money and still living the life. I’ve been working really hard on my game the last few weeks, feeling in a good mental space again and am in a really solid grinding routine at the moment.

Back on PokerStars
Given the current online poker environment, I’ve decided my safest option at the moment is to be playing on PokerStars. It’s been 2.5 years since I’ve played on Stars seriously and I’m not minding being back. It seems the games have benefitted greatly from FTP being offline and I really like that is has enough traffic for me to play in off-peak periods. It sucks that I have to start playing there mid-year and don’t get to make the most of the VIP program, but such is life.

Power Poker & Full Tilt
I’ve got a bunch of money locked up on the Cake skin PowerPoker.com and some in Full Tilt as well. I’ve fairly hopeful of seeing it again, but a major frustration/inconvenience in the mean time. I’m actually pretty understanding of the problems both sites might be having, but what really annoys the hell out of me is the lack of communication between site and player.
Full Tilt was a billion dollar company, the second biggest online poker site in the world. For them to go offline over two weeks ago and for players not to have been communicated too at all in the process is beyond a joke. Read the rest of this entry »