The irony. good job including the results which clearly makes your play phenomenal.

Here's a brief explanation of what I mean since apparently this is lost on you. Did you play with me for a day? Sorry I never folded my big blind.

Of course there are lots of weird things that can happen over the course of a tournament, a session, or certainly an individual hand to make somebody look good or bad.

I'm saying that in some cases, hence my use of the word "sometimes", you can tell if people are good after seeing a single showdown, or a single line taken even without a showdown. I don't understand why you think that this is an unreasonable thing for me to say. Just to protect myself from your inevitable counterargument that says I can immediately tell how much markup every single tournament seat should be selling at after an hour - I can't.

I'm saying that when I see someone do something so stupidly exploitable, repeatedly, or make a call when their hand is good approximately 0% of the time against certain live villians, than yes, I can approximate how good they are (not very good).

The main event is a long tournament. The one hand example is hypothetical in this case as there isn't a single hand that involves me vs any of these guys. My statement is based on playing for a much longer time and watching them play versus everyone and evaluating what's going on. There were several players I thought played really well and several players who were doing incredibly stupid stuff. It's a poker tournament, lots of people aren't good (for the most part).

The markup that the majority of people charge in the marketplace is a joke. Of course, it's a free market and if people are willing to pay it, then there's no crime going on, but like a lot of things in poker it's a shady gray area in my opinion. Also, in my opinion, of course, people tend to way overrepresent themselves in order to be able to charge higher markups.

If you want to talk about what I can and can't personally sell at, this is a losing argument for you. My main event sold out in under a half hour. I sold the majority of my shares at 1.2 because a few guys bought large pieces and I gave them a 5% discount. I suppose I'm a sucker because I didn't pinch every single penny of markup out of my investors. Here's the thing with where I'm at in my poker career right now - I will play the main event regardless of how much action I sell. Not to say that losing the 5 or 6k of my own money means nothing to me, because it doesn't, but charging 1.3 or 1.4 to make an extra few hundred dollars isn't my #1 priority. I googled one kid that I played with and saw him selling pieces to <200$ tournaments at a markup. Should I explain why someone who doesn't have enough money to play a 200$ probably shouldn't be selling at a markup (a high markup) for the WSOP main event? Is this not self explanatory? Money is how the score is kept, by all approximations you're losing the game.

I sell at a price I deem as fair to people willing to invest in me (something that is probably unique in the MP). Next year I'll probably end up auctioning off whatever piece I decide to sell and just let the market decide for itself.

Do I really need to address me "busting to these bad guys"? The fact that you even think in those terms. I bluffed Dani Stern several times. Last year I took a lot of chips from Joe Cheung, guess I should be posted about these things in my thread instead of an unbiased, objective description of what's actually happening. Variance happens in poker, the majority of people will use it to describe their losses but for the overwhelming majority of people, variance is the reason they can win, not the reason they lose.

I lost 2 gigantic flips after chipping up basically every level. In tournaments you better hold in those spots or you have no chance.

I play like 2 or 3 tournaments a year, deep stacked, favorable tournaments where by my estimation there's more post flop than pre flop all-ins. There's a reason for this, it's the same reason why you have all these "tournament wizards" ending up broke. Poker is a facade, a gigantic facade. Regardless of how good you are, luck plays a gigantic factor in these tournaments.

I've been deep in 2 of the last 4 tournaments I played. I've flipped 3 times for lots of chips, 0/3. There's nothing to do. I didn't bust to any of these "bad guys", I busted because that's how poker works sometimes and I accept and understand that. The sooner you stop attempting to make things personal and understand that lots of stuff is inevitable, the sooner you will understand that lots, not all of these people with 100k+ hendon mobs overcharging their markups are not worth investing.

poker will never be that important to me, it's my vessel to make money.

As far as my self-aggrandizing, that's been my attitude in just about everything I've done in my life since I can remember. If you don't believe in yourself, why should anyone else?

Fwiw I'm a really nice, helpful guy in person

I just call it like I see it.

Which is totally fine, of course - now if you actually specifically listed by name the people you were talking about then yeah you'd be a gigantic d-bag that busto23 was justified in chastising, but as it is you're just being vocal about your personal perspective and not using honesty as a weapon like busto23 seems to think you are.

someone pm'd me and asked, I refused.

In my opinion it'd be disrespectful and yes, dbagish. I suppose you guys will just have to take my word for it.

Everytime I read 2p2 I am constantly surprised at how many ppl are so clueless.

Next year I propose to open the bank of MGA and will happily short up to 10% of anyone offering over 60% of their action in the MP at 1.4+. My price will be 1% lower/better than whatever that player is offering.

lolz well said +1

Rob is a confirmed dick irl btw don't let him fool you!

Pretty sure he ****ed my mom in the Venitian (she's Asian). Then afterward he wouldn't even give her busfare.

You broke my glovebox and I didn't charge you a dollar

This has to be one of the worst posts/dumbest hh results oriented nonsense ive read in a while in these forums

I never played with you, definitely not in my memory. I don't think you understood what I was saying. I don't even know you, and clearly you don't know me. I didn't play the ME this year, although I played everything else under $10k at the series.

That was my point. You've made it here. Don't mind saying "wizards play bad". I do it too. I would mind if you specifically said whoever bought X and Y I think they're not worth 1.3 or whatever MU they're charging, when you were obviously in an emotional state right after busting the ME. That's all, but you didn't do that so you're cool.

Never wanted to talk about that, I don't know where you got that from. I coulda sold in half hour at 1.4 if I could have played, but I have a company to run.

Ya that's sad. I agree with you. There's also special cases of people who are good at the game but are degens are life so they win money and then they just go broke outside of poker partying, drugs, gambling haha. Those could be good investments even if they sell $200s.

Sure some (or a lot) are not worth investing. But investing is a HIGH variance game. Higher than the MTTs themselves. You don't invest in just one person. That's gambling. My point was how you determined that some people are not worth investing, not that such people exist (or their numbers.)

I don't use the word "wizard" very often because it has a positive connotation that a majority of live poker players do not deserve.

you never wanted to talk about that?
oh ok

Yeah, for sure man. Can't afford to play a 200 but I can sell ME at ridiculous markup. Just variance.

I determined that some people are not worth investing in because I played a poker tournament with them and saw them playing poorly. I don't see how this is such a complex thing for you to understand.

There is a boatload of people selling tournament action at markups they do not deserve. This is a conclusion I've reached by playing with people. Whether or not you value my opinion on this is a whole different argument. Based on my estimation they are not good enough to sell at 1.3, 1.4, or even higher.

In regards to you accusing me of being overemotional regarding this - read some of my posts from a year ago, read what I've written last summer, read what I'll inevitably write about in the future. Me busting has nothing to do with my evaluation of certain opponents. You could ask me about markups at my Nov 9 interview, you could ask me this during my main event victory speech, you could ask me this now, during the tournament or whenever provided I still have to ability to speak. I will give you the same answer, people generally oversell. My "emotional state" (lol, this is poker) has nothing to do with anything.


I feel the same. It's the beauty of poker. Most everything is very uncertain for a long time and people think they know best.

Can confirm this guy has some dollars in the bank and if you disagree with my valuation of tournament markups, here's your outlet to prove me wrong and ship some easy money.

Let me throw on my robe and wizard hat!

http://knowyourmeme.com/memes/robe-and-wizard-hat

classic stuff

MGA - agree 100% - would like to be a part of yer bank

No offence, but I just hendon mobbed you, initially I thought you're someone else. You have $20k in cashes in 4 years I can see how you can be frustrated that other people sell action. Anyway it was just my two cents, GL in your future events/endeavours.

I've been wanting to chime in here for a while but knew it's futile so I just didn't bother. I could write pages about this but based on your responses to others it still wouldn't sink in.

So, very simply: you don't get it. You may never get it, most never do. But if you're smart and spend enough time in poker you'll eventually see it. At which point you'll look back on this thread and say "damn, now I see what they were getting at". This has happened to me with at least one thread I've participated in and some others I read and thought were BS. As Rob has said countless times, poker is a facade, and variance, among other things, makes it very hard to see past it.

I know what he's getting at, but I don't agree with it. Also I initially thought he was someone else. Pre-mincashing the 15% ITM ME he had $5k in MTT cashes in ~4 years of playing professionally. I just don't trust someone's opinion with that level of experience, and whether he admits it or not part of it is frustration, and only deters away from the real problems in MP (people stealing, cheating, overselling, etc.)

I regret engaging you.

Robfarha confirmed busto living on 20k for four years.

Budgeting skills 10/10

Yes variance exist in poker, obviously. And yes it is what keeps the fish and the break even nit regs in the game.

If prior to this you hadn't cashed much, it's possible you were running below expectation and on the wrong side of variance.

But it's not a very good argument to say, when other guys talk about being on the wrong side of variance they are actually mostly bad loosing players that don't realize variance is the one thing that ever has them win. But when I talk about being on the wrong side of variance, I am actually right and I am genuinely running bad.

I never said you're busto or living on 20k (actually it's more like 5k minus the $15k now in the main). I just don't think you have the EXPERIENCE necessary to make these kinds of live MTT judgements. But hey you're the "pro" playing for a living, what do I know?

LOL HENDON MOOB

so -10k? wat. Also, I'm even more busto than you think, I profited about 3k on the main event. No where near 15k. Hendon Mob is a lie.

I understand you're being sarcastic and condescending with this, but in all seriousness - just stick with it. You understand very little about poker, variance and how these two things work together.

I don't need to play more than 2 MTTs a year (I don't), to understand that open limping 63ss and open shoving AJ with 30bbs is bad. I also don't need to look at the marketplace to realize that paying 1.3 or 1.4 for one of these guys isn't profitable.

Tip from the "pro playing for a living" - if they sell 75% and freeroll the event, they probably aren't good, they probably don't have enough money to play the event.



Of course.

I'm overly emotional as well

I was overly emotional here #2245
here #2245
here #2192
here #2485

I can find more if you think is some random idea I came up with as I was walking out of Rio after cashing the main event. This is something I've said for years, will continue to speak on as long as it is still happening. It has nothing to do with my "emotional state". Every tournament I play I see a boatload of nonsense that can't be defended by people playing tournaments they shouldn't be playing selling at a markup they shouldn't be selling at.

Paging Limon.

/strat
/discussion

This is the last I will engage this cluster**** of a discussion.

Everyone plays great, variance makes everyone lose.

Happy grinding.