Quote:
Originally Posted by shulenberger
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.
Quote:
Originally Posted by shulenberger
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.
Quote:
Originally Posted by shulenberger
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.