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Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO

08-25-2013 , 03:49 AM
NVG Strat threads are the nutzzzx
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 04:02 AM
Quote:
Originally Posted by joeschmoe
Sure, "if" AA somehow (it doesn't matter how) gains lots of chips, his chances may be improved. (I say "may" because he can double and still be a vulnerable short stack.)

But if we isolate the rebuy factor, and consider it alone, the guy who takes 17 shots at you has nearly a 16X better chance of surviving than you do.

All in is all in. Pot size doesn't matter. AA stack size doesn't matter. AA cannot afford to lose even one all-in, while 72o can lose 16 of them.

+10000000000000000
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 09:52 AM
It is, I think, very similar to having 16 new (LAG early) players come to register late, but being told they have to wait until someone busts out before they can get going.

A player that uses this strategy is more likely to become, or remain, famous.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 09:57 AM
Quote:
Originally Posted by joeschmoe
But there is no "Return"... nor is there any "Value" to be gained or lost during the rebuy period. We are miles away from seeing any money. The only value is in surviving.

My 72o is a big favorite against your AA when I get 17 shots at it. If you're only gonna fire one bullet, the greatest value lies in your not playing.

-----
You should probably know that the re-entries aren't free.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 10:00 AM
Quote:
Originally Posted by DaycareInferno
You should probably know that the re-entries aren't free.
This
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 12:24 PM
And eventually you can't rebuy anymore
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 12:33 PM
^Still not getting it
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 02:07 PM
No I get it, but think Otner people are missing some points. To the 17 hands if AA vs 72 argument don't forget u can only rebuy with a certain amount of chips, you cnst cover everyone. Martingale doesn't really apply yet peopel seem to think it does. I understand all the benefits of having rebuys, I also think peopel go overboard and play sub optimally and use the rebuy as an excuse. You see a pro
Take 10 rebuys and thinks he's a genious,
Maybe he is, or maybe he's an idiot
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 02:50 PM
Quote:
Originally Posted by DaycareInferno
You should probably know that the re-entries aren't free.
I do realize it, but I don't care about my overall entrance fee. My goal is to survive.

To maximize my chances in this rebuy, I must play a rebuy-specific strategy.
One part of that is to take chances and chip up early, being fully prepared and willing to rebuy if and when it's necessary.

Playing like you don't care if you bust (because you can't bust) is not only a great luxury, but a powerful weapon against those who fear busting.

To simplify things, suppose the rebuy is a charity event. Budget and profit are not valid concerns. Formulate the optimal strategy.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 02:58 PM
^^ all your points are correct. Now lets say someone has only 1 bullet. Would they rather play a rebuy or non rebuy. I think both have their advantages and disadvantages. Just becuase it's better for you to have more rebuys doesn't make this tournament worse for someone with 1 bullet then a non rebuy. Tneres plenty of peopel who play super Laggy in tournaments and put people to the test.

Also I'm pretty sure many of the recs know all tnis but want to get more "value" for a 5k event. Tney prefer the bigger prize pool for their big 5k buy in

Last edited by JerseyPoker869; 08-25-2013 at 03:04 PM.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 03:14 PM
This re-entry thing has been talked about forever but personally I think it is good for smaller buy-ins but probably is bad for the long run in bigger buy-ins. But since I only play smaller ones (1,500 or less) that is what I care about. I think re-entry are a great for $1K and necessary if you want amateur's to travel.

Here is my example: I will travel to AC (which is about 4 hours for me) to play in a $550 or whatever because it is re-entry and I know I am not wasting my time. If I had to travel to AC and rent a room for $200 a night.. I want to be assured I am going to be playing that whole day. There is no way I am going to drive 4 hours just to bust pre-ante in a $550 and have that be it for the whole trip. The ONLY way I will travel is if its re-entry. I image I am not alone in this.

A 5K or 10K is different though. B/c there are no phil iveys in a $550. At worst you have to bust a circuit grinder a few times, no big deal.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 03:33 PM
Quote:
Originally Posted by JerseyPoker869
^^ all your points are correct. Now lets say someone has only 1 bullet.
snip
Sure... Playing well or being lucky can overcome almost any disadvantage. All I'm saying is taking just one shot at a rebuy is knowingly and willingly accepting a strategic disadvantage.
Playing one-bullet-LAG borders on suicidal, imo.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 04:57 PM
Quote:
Originally Posted by Gemaco
This re-entry thing has been talked about forever but personally I think it is good for smaller buy-ins but probably is bad for the long run in bigger buy-ins. But since I only play smaller ones (1,500 or less) that is what I care about. I think re-entry are a great for $1K and necessary if you want amateur's to travel.

Here is my example: I will travel to AC (which is about 4 hours for me) to play in a $550 or whatever because it is re-entry and I know I am not wasting my time. If I had to travel to AC and rent a room for $200 a night.. I want to be assured I am going to be playing that whole day. There is no way I am going to drive 4 hours just to bust pre-ante in a $550 and have that be it for the whole trip. The ONLY way I will travel is if its re-entry. I image I am not alone in this.

A 5K or 10K is different though. B/c there are no phil iveys in a $550. At worst you have to bust a circuit grinder a few times, no big deal.

This is a good example of other positive effects re-entries have. Liquidity in poker is one of the most important aspects for success of the game. Look at the borgata when they draw 5k players for a 500 re-entry. The effect that re-entry is having there can not be overstated.

If people want to play one type of tournament and they have several opportunities to play it that is better than one. For all stakeholders.

Granted there are negative and positive effects.

I disagree that it will be different for higher limits. The whole idea of traveling to one tourney and busting and having wasted the trip applies just as much.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 08:17 PM
Quote:
Originally Posted by joeschmoe
I do realize it, but I don't care about my overall entrance fee. My goal is to survive.

To maximize my chances in this rebuy, I must play a rebuy-specific strategy.
One part of that is to take chances and chip up early, being fully prepared and willing to rebuy if and when it's necessary.

Playing like you don't care if you bust (because you can't bust) is not only a great luxury, but a powerful weapon against those who fear busting.

To simplify things, suppose the rebuy is a charity event. Budget and profit are not valid concerns. Formulate the optimal strategy.
If you don't care how much your entrance fee is, and your only goal is to survive, I'm sure everyone would be more than willing to let you have first place for the right price.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 08:28 PM
Quote:
Originally Posted by knircky
snip
Look at the borgata when they draw 5k players for a 500 re-entry. The effect that re-entry is having there can not be overstated.
snip
I looked but could not find.
If you mean this summer's Borgata Summer Open, I see re-entry events most of which drew way less than 300 players (and some of their number must be re-entries, not warm bodies).

Quote:
Originally Posted by DaycareInferno
If you don't care how much your entrance fee is, and your only goal is to survive, I'm sure everyone would be more than willing to let you have first place for the right price.
As long as I pay something less than the 1st place prize, it is guaranteed income.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 08:41 PM
Obviously the right price would involve you losing money, but why would you care about that? What's really important is survival and having powerful tools, not ridiculous things like math and profit.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 09:18 PM
Here's last years results. This year they got even more aggressive and made it a 2 million garuntee.

http://www.theborgata.com/play/borga...012/results-01
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 09:27 PM
Quote:
Originally Posted by JerseyPoker869
Here's last years results.
snip
BUY-IN: $500 + $60
ENTRIES: 3,705
TOTAL BUY-IN: $1,852,500

Paid 200 places (on that page. Are there more?)
If they pay ~10% of the field, there were only 2,000 players and almost the same number of re-entries... which is not unusual.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 09:47 PM
Quote:
Originally Posted by DaycareInferno
Obviously the right price would involve you losing money, but why would you care about that? What's really important is survival and having powerful tools, not ridiculous things like math and profit.
Share with us the math which guarantees a profit and a Nobel Prize has your name on it.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 09:50 PM
I don't even know why I bothered.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 10:20 PM
In theory there is no difference between theory and practice. In practice there is. --Yogi Berra
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 10:47 PM
Quote:
Originally Posted by skeptix
I don't even know why I bothered.


you have far too much logic to be in this thread
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 11:05 PM
Quote:
Originally Posted by PSUMike1999
Agree with Mike 100% about the re-entry thoughts. Yes, Phil Ivey has a lot invested with 7 bullets but ultimately his aggressive style will get him lots of chips most likely. What's $35,000 to Ivey when 1st place is near $3,000,000???

IMO hurts the game when the "high rollers" can "gamble" it up more to build a stack while the avg player can only play 1 bullet and most likely be much more careful.

In the end, all this re-entry crap benefits 95% of the time is the Phil Iveys' and Daniel Negreanus' of the world and benefits the casinos' profit margin 100% of the time.
Quote:
Originally Posted by RustyBalls
um no. a lot of recreational players satellited in and only have one bullet. a lot of rec players either don't have the roll or just won't buy into a $5k tournament more than once. sure if you are playing $100 re entry it wouldn't matter to most but that isn't the case here. people that can fire off multiple bullets will sometimes take a shot trying to get chips that they might not take if they couldn't re-enter.

Here's a great idea.... don't sign up for a rebuy tournament if you don't have the money to rebuy. Failing that, accept that you're at a disadvantage.

It's not like anyone was fooled into joining the tournament. Yes, of course a guy who rebuys a bunch of times has an advantage over a guy with one bullet... but anyone who goes into a rebuy tournament with one bullet expecting to be on equal footing is a moron.

If someone comes into a tournament knowing that the rules allow for multiple rebuys, then chooses to handicap themselves by not using that rule, that is their own decision and not the fault of the tournament or anyone else.

What's next, saying that mixed game tournaments should be gotten rid of because some of the people who entered might not understand some of the games very well? I mean, that's not fair either, is it?
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-25-2013 , 11:34 PM
i agree w/mike. i should not have to knock the same person out 2,3,4,x times ..you get KO'd you shd be out. period.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote
08-26-2013 , 12:39 AM
The rebuy / re-entry tournament is being forced on us, and it may be unique to poker.

I cannot think of any other game or sport, pro or amateur, where paying to re-enter a competition is even allowed, much less encouraged.

Wealth has no relationship to skill, talent, ability, knowledge, or any other competitive attribute and it cannot be a factor in any fair contest.
Mike Matusow on potential chip smuggling, collusion, re-entry thoughts at SHRPO Quote

      
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