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Old 03-29-2011, 01:37 PM   #1
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Trny or Cash? (or What Vanessa Said)

I may be one of the few, but I am really liking this season of High Stakes, much better, actually, than the last two. Vanessa Selbst says in a mini-interview during - I think episode 4, that she likes tournaments better than cash because there's "more to think about."

That really struck me, being I like both, but like trnys better, also. But I never thought about them as having "more to think about" - so my two questions ITT are: which do the women here prefer and why, and, do you agree/disagree with Vanessa and why?
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Old 03-29-2011, 02:19 PM   #2
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Re: Trny or Cash? (or What Vanessa Said)

I prefer cash. Tourneys have too much of a luck factor for me. I also disagree with the ogre. I think that in cash, there is so much more to think about.
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Old 03-29-2011, 02:21 PM   #3
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Re: Trny or Cash? (or What Vanessa Said)

I have always like trnys way better, but played the last 4 days of 5nl to try and catch one of the milestone hands (no luck), and really had a good time. I played FR, 2 tabling as I am so new to cash games. Turned an ok profit too (400 BB - lol). I'm going to mix these in with trnys for a while to see how I do. In playing both, there is a lot to think about either way, decisions are just different in each, esp. when you're playing deep stacked cash games or raising blind levels of trnys.

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Old 03-29-2011, 03:31 PM   #4
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Re: Trny or Cash? (or What Vanessa Said)

I find cash games are MUCH more interesting and complex, bc you are 100-200bbs deep and can get very creative. Tourneys require more luck and a little less skill/thought imo.
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Old 03-29-2011, 04:29 PM   #5
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Re: Trny or Cash? (or What Vanessa Said)

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Originally Posted by JamieAnn View Post
Tourneys require more luck and a little less skill/thought imo.
Agree that you can bink one tourney pretty much by getting lucky-- but long term I highly disagree with this point.

I am not saying that tourneys are more difficult than cash. But the game does have a lot more factors that change (blinds/antes, ICM factors, all the nuances that come with low effective stack depths late) and I don't think it is fair to say that they require less thought-- especially since deep, well-structured MTTs are a lot like a cash game very early in.

Obviously, I am in the tourney camp. For me ICM is fascinating, as are reshoving ranges, Nash Equilibrium, unexploitable shoves vs optimal play and playing Heads-Up at the end for a very significant % of the prize pool. And my competitive drive to win I think will always make me prefer tourneys, though I have as much respect for a great MTTer as a great Cash specialist.
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Old 03-29-2011, 04:52 PM   #6
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Re: Trny or Cash? (or What Vanessa Said)

I think in the long-run, especially, a technically unsound cash game player has no chance of profiting bc of the consistent deepstacks (he won't valuebet when he should, he'll pay off more when he should fold). In a tourney, most of the money is on the line when the stacks are the shortest, and many skilled players' hands are tied bc they can't really play creatively with 25bbs.
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Old 03-29-2011, 04:56 PM   #7
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Re: Trny or Cash? (or What Vanessa Said)

I enjoy both, but from personal experience, I just refuse to sit in a 5/10 game tired bc they'll eat me alive...but I'm fine with firing up tourneys on not enough rest bc the same decisions keep coming up, and it's become second nature/not mentally taxing.
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Old 03-29-2011, 06:55 PM   #8
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Re: Trny or Cash? (or What Vanessa Said)

I agree with Jamie in that I don't believe a non-skilled player has a chance in the world at being long term profitable in cash games. Whereas while not likely, some true donkey could have a chance at being profitable in tourneys just based on the insane amount of variance that naturally occurs.

Mad props for successful players in both games though!
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Old 03-29-2011, 07:24 PM   #9
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Re: Trny or Cash? (or What Vanessa Said)

From my perspective, both forms emphasize different skill sets. I tend to agree with Harrington that deep stack cash is a more complex game than tournament play simply because the hand ranges are wider and the FE is lower. That said, cash players tend to be ignorant/unaware of ICM values and the value of remaining in a tournament. Cash players are going to burn up too quickly in 60/40 flips.

I will say that I only watched the first episode of HSP this season and based on Vanessa's stack off early, she would probably benefit from reading the cash game forums.

"When I was younger, I knew everything. As I got older, I was amazed at how much less I knew."
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Old 03-29-2011, 07:47 PM   #10
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Re: Trny or Cash? (or What Vanessa Said)

I play cash only mostly because I already have trouble wrapping around my head around cash games I haven't the brain space to fit in all the tournament strategy stuff like ICM and so on.

I'm hoping maybe in the future I can get into it, but then again, the whole luck factor bugs me out too. I like knowing that I can sit down at a game and get up whenever I want.
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Old 03-29-2011, 11:11 PM   #11
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Re: Trny or Cash? (or What Vanessa Said)

I thought about this all day (on and off) and I realized I really like trnys for the simple reason I can plan my time. Online daily tournaments all take about the same amount of time and I know, over the course of a month of them, I'll end up green.

But I also almost always have a cash table open while I'm playing the trnys at the first 5-6 levels. I don't play NLHE, not sure how that all would work out. Playing Stud games, mixed games and such, two tables is my limit. If I only play cash, I too often get stuck in a downswing feeling like I am chained to the puter 'til I make up the loss.

I don't think one form is better than another and I really don't believe if you are a successful at one you are not as good a player at someone successful at the other.

I like Vanessa, BTW, I like smart, fierce, committed people. I thought not playing cash much these days might hamper her on High Stakes. I don't know if my take on it is correct, but I thought during the week you could see her switch up her game and kind of remember, like a bike she hadn't ridden in a while.
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Old 03-30-2011, 05:01 PM   #12
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Re: Trny or Cash? (or What Vanessa Said)

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Originally Posted by venice10 View Post
From my perspective, both forms emphasize different skill sets. I tend to agree with Harrington that deep stack cash is a more complex game than tournament play simply because the hand ranges are wider and the FE is lower. That said, cash players tend to be ignorant/unaware of ICM values and the value of remaining in a tournament. Cash players are going to burn up too quickly in 60/40 flips.
I was going to make a similar comment, but less eloquently.

When I first started playing, I learned in a home game that was a cash mixed game. Naturally, I gravitated toward cash games and, in particular, split-pot games. I spent a significant amount of my poker-playing time in the NYC underground O-8 games and the Borgata OE game. When I first tried tournaments, I was incredibly frustrated. When I asked a friend about a tournament situation, he asked me what my M was (back when people still thought in terms of M). I had no idea what an M was

I've now started to devote more time to learning tournament skills. I still consider myself predominantly a cash games player, but I can see the good and the bad in both. I think if that home game was a series of tournaments instead of cash, my story would be the opposite.
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Old 03-30-2011, 05:59 PM   #13
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Re: Trny or Cash? (or What Vanessa Said)

its likely impossible to beat live tournies (after rake,tips, travel, and taxes). if ur a semi-cute chick you might be able to do it hustling great staking deals and getting sponsorships/invites (the model/player route) but really, at the end of the day, cash is where its at.
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Old 03-30-2011, 06:02 PM   #14
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Re: Trny or Cash? (or What Vanessa Said)

Quote:
Originally Posted by limon View Post
its likely impossible to beat live tournies (after rake,tips, travel, and taxes). if ur a semi-cute chick you might be able to do it hustling great staking deals and getting sponsorships/invites (the model/player route) but really, at the end of the day, cash is where its at.
Rake, tips, travel and taxes don't apply to cash games?
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Old 03-30-2011, 06:53 PM   #15
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Re: Trny or Cash? (or What Vanessa Said)

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Originally Posted by katie75013 View Post
Rake, tips, travel and taxes don't apply to cash games?
They do, but not to the extent they do in live tournaments.

Rake: At the Foxwoods Classic running this weekend, the rake is $175 off the top and another 3% is collected for the staff. That works out to be more than 10% of the money invested. At the 2/5 level, the max rake is $4 and is only collected after the pot reaches $60.

Tips: Most cash players will tip about $1 per pot. At a "high" level, that is typically less than 1% of the pot. Many tournament players tip a couple of % on top.

Travel: Someone like limon lives closes to where he plays, so the only travel expense is gas and car depreciation. In these days, I get enough direct money comps back to basically cover food expenses where I play. At a high level, you're flying to the tournament and staying at the casino. You aren't earning any comps playing.

Taxes: If you hit a $200,000 score one year, you have to pay the max tax rate for that year, even though you might not hit again for 2 more years. A cash player is going to have a more steady income and be taxed at a lower rate over that 3 year period. Of course all of us report all our winnings. In cash, the IRS has to depend on your honesty. In big tournaments, the room will issue documentation.
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