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Old 08-26-2015, 02:50 AM   #51
tsarast
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Re: Rast - big-bet mixed to Burning

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Originally Posted by shulenberger View Post
Interesting insight about breaking up events into multiple buy-ins, to limit variance and allow more flexibility. Can you give an example of how this works in terms of specific tournaments you have played?
I did give an example already in the SHRB. I don't usually do this within 1 tournament, although you could by selling action imbetween days. For example, you could figure out the ICM value of everyone going in to the final table, and sell a % of yourself based on those calculations.

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Originally Posted by shulenberger View Post
Have your BRM strategies evolved over time? I recollect in an interview from a couple years ago you mentioned basically risking a substantial portion of winnings from the 2011 $50k Poker Player's Championship in big PLO games at the Bellagio. A couple $200k swings in a matter of hours, as I recall. Would you do this today with a similar bankroll as you had then?
Yes, my BRM strategies have evolved in their complexity. I have also grown more conservative as my career has gone on. Some of that is getting older, more responsible, with family. Some of that is the declining value of money as your bankroll grows. For example, if you have 1million, winning 800k is worth a lot less than losing 800k - as a 1.8M bankroll is marginally less valuable than a 1M bankroll as a 1M bankroll is to a 200k bankroll. I've been careful and never gone broke in my 11 years playing poker. Selling action has overall cost me money because I'm a winning player and selling action in various ways has meant I've lost overall on that business. But, it's allowed me to play any size stakes with peace of mind, and play my game without worrying about the economic consequences. It's also allowed me to slide between stakes without worrying about that - something that's quite valuable as there isn't a perfect availability of games once you pass a certain level. Also, I'm not sure exactly as to the accuracy of what you're remembering (with regards to big PLO games) - because I played high stakes games well before the 2011 WSOP... it's not like that tournament win elevated me to a high stakes level for the first time. I've played nosebleed cash (100/200+) since 2007 and 25/50 since 2004/2005. And initially when I was moving up I didn't even know about selling action, so bankroll management was all about what size games I played and how many buyins I'd lose before quitting. I played poker in a fairly isolated manner from when I started in 2003 until I moved to Vegas around 2006. The good news is that from micro-stakes until 10/20, 25/50 ... there's basically always a game somewhere live and online (coming from California / Vegas)... so when starting out you don't really need to sell action. Whereas when you want to play bigger than 25/50, sometimes the game will be 50/100 and sometimes it will be 500/1k.

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Originally Posted by shulenberger View Post
Someone else was asking about which games were prevalent this year in the big bet mixed. What were these? How exactly did the double-draw game that you tweaked play? Were there any interesting hands that illustrate the optimal strategy/pitfalls of this variant?
The mix is: NLHE, NL Crazy Pineapple (discard on turn before betting), PLO, PLO8, PL 5-card Double-draw High, NL2-7SD, PL2-7TD ... and sometimes badugi.

Last edited by tsarast; 08-26-2015 at 03:07 AM.
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Old 08-26-2015, 03:11 AM   #52
AllBlackDan
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Re: Rast - big-bet mixed to Burning

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Originally Posted by tsarast View Post
And yes, "I guess it cost me a lot of money" is massively results-oriented... just as if someone wanted to freeroll a big score, didn't cash, and would have missed out on picking up some $$$ had they sold pieces. I said it tongue-in-cheek (just want to clarify), because I'm using sarcasm (after logical argument) to try to reinforce my point. (Maybe I've been watching too much John Oliver?)

See there are a few levels of gambling...
Like let's take rabbit hunting...
There's the first level, where you rabbit hunt (because how could you sleep at night not knowing?) and the results bother you - you get emotional, and it detracts from your game (TILT!!!)
Then you move on to learn to control those emotions by avoiding the situation. Rabbit hunting is stupid because it doesn't matter and can tilt you by letting you see something that doesn't matter. So by avoiding the situation, you can avoid tilt.
Then you realize that avoidance isn't really control. That you're simply evading a situation that will tilt you, rather than controlling your tilt. The highest plane of gambling existence is experiencing the result, and still letting it not tilt you. So you return to rabbit hunting because it's fun to know what card would have come, because it might tilt your opponent - and because you will let the result wash over you.
This needs to be crossposted into the what makes a great player thread

Brian GOAT
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Old 08-26-2015, 06:08 PM   #53
StayRational
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Re: Rast - big-bet mixed to Burning

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Originally Posted by tsarast View Post
Like let's take rabbit hunting...
There's the first level, where you rabbit hunt (because how could you sleep at night not knowing?) and the results bother you - you get emotional, and it detracts from your game (TILT!!!)
Then you move on to learn to control those emotions by avoiding the situation. Rabbit hunting is stupid because it doesn't matter and can tilt you by letting you see something that doesn't matter. So by avoiding the situation, you can avoid tilt.
Then you realize that avoidance isn't really control. That you're simply evading a situation that will tilt you, rather than controlling your tilt. The highest plane of gambling existence is experiencing the result, and still letting it not tilt you. So you return to rabbit hunting because it's fun to know what card would have come, because it might tilt your opponent - and because you will let the result wash over you.
I would replace 'fun' with 'informative'.

Lets say board is;
2 - 3 - 7 - Q you bet the turn, your 'nitty' opponent raises, and you fold.

Then you ask the dealer to show me the river OR your online poker client allows for rabbit cams. And you get to see....

Spoiler:

Last edited by StayRational; 08-26-2015 at 06:24 PM.
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Old 08-26-2015, 06:15 PM   #54
PeteBlow
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Re: Rast - big-bet mixed to Burning

Why would you rabbit hunt in that situation anyway? The river wouldn't change your hand.
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Old 08-26-2015, 06:40 PM   #55
highhustla
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Re: Rast - big-bet mixed to Burning

Brian, just wanted to say thanks for posting ITT, and congrats on all your success.

Really enjoy reading your thoughts.
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Old 09-10-2015, 03:18 PM   #56
Uhrenknecht
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Re: Rast - big-bet mixed to Burning

rabbit hunting can be good because you can discount the card from enemy's range and therefore have a better understanding of his play. Like when the flush ace hits in that example.
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Old 09-11-2015, 01:02 AM   #57
dietDrThunder
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Re: Rast - big-bet mixed to Burning

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What kind of aspiring journalist uses ".." ellipses? Knock that **** off.
Most likely this would be the same kind of journalist who wraps up his season of writing by hanging out a shingle.
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