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Old 05-05-2011, 07:42 PM   #676
RockstarRossi
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Re: Three Years in Las Vegas

Great story! Thanks for sharing all these years of insight into what its taken for you to get to where you are today! Interesting progression and adaptaptation to the poker world around you all the while sticking to your personal principles and keeping yourself on track with the priorities you set for yourself in life!
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Old 05-05-2011, 10:24 PM   #677
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Re: Three Years in Las Vegas

early may
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Old 05-07-2011, 11:27 AM   #678
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Re: Three Years in Las Vegas

awaiting this update........a great read.
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Old 05-07-2011, 01:33 PM   #679
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Re: Three Years in Las Vegas

awesome read. Sell action to like 10 WSOP events imo and bink a big one!
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Old 05-07-2011, 11:32 PM   #680
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Re: Three Years in Las Vegas

great read.

Now I understand how you've played so many games of triplechain
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Old 05-08-2011, 06:30 PM   #681
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Re: Three Years in Las Vegas

nice read
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Old 05-08-2011, 07:01 PM   #682
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Re: Three Years in Las Vegas

Quote:
Originally Posted by wil318466 View Post
I never suggested he made a mistake, I'm simply saying it's not a lifestyle for everyone. If anything I complimented the guy and told him I'm a bit envious.

Don't knock a good dental plan until you don't have one, though.
Ask your doctor...
If your brain is healthy enough for sexual activity.
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Old 05-08-2011, 10:39 PM   #683
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Re: Three Years in Las Vegas

update pls!
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Old 05-09-2011, 03:12 AM   #684
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Re: Three Years in Las Vegas

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what planet do you live on? the last 8 years havent been the best time to buy a house and invest in a 401k. and you think that this will produce more than 500k? this is just laughable nonsense.
Def true.

As someone who has both worked in a corporate setting(fortune 1000) and owned his own small business, I can tell you so much of the rubbish I hear on here is pure nonsense in relation to our contemporary economy.

"If you simply stayed a CPA/accountant you would be easily making....X/annum.."

Orly, I know 4 CPAs....2 are doing very well(accenture and GE financial) and both make around 100k-130k a yr in their 30s. 2 are probably technically underemployed right now...and making 55-70k, nothing special for guys who went to TOP NOTCH accounting schools. And have never been off the corporate path one iota.

The real issue I have is with the assumption of this magical perpetual job security people in certain fields love to rave about...

Ill admit right now...accounting is fairly/relatively hot, but to assume its longterm viability as a 100k/yr job is guaranteed is ridiculous...

You think ACCOUNTING ISNT GOING TO BE AT LEAST PARTIALLY OUTSOURCED in the coming decades?

Are you kidding....? Its like grade 9 math in Asia and using Excel really well, lets get real...people make a good amount doing it bc its ridiculously tedious and, sadly, most Americans cannot even handle grade 9 mathematics(Asian style).

You think corporations wont import people from India/China/wherever or export the work?

Why wouldnt they?

What magical powers/skills does an Indiana grad have that cannot be secured abroad for 1/5 the cost or less?

Wake up; unless you are a top top notch person in your field, and your field is a very demanding one...there is a good chance you will simply need to retrain/change fields in the next 25 yrs if you are a young American adult right now.

Hey, if you are at JHU medical school...more power to you.

For the other 95% of us, please stop buying into the fantasies of a bygone era when you could just get a CPA or generic finance degree and expect to make a 45 yr career of it.

A lot of 40-60 yr olds have woken up from this dream to the blare of the morning alarm....they simply thought it would never happen to them and now they are completely taken aback that somehow society didnt reserve a 100k/yr job for them bc they "showed" up their whole lives and got some generic bachelor's/MBA or something.
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Old 05-09-2011, 03:31 AM   #685
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Re: Three Years in Las Vegas

Quote:
Originally Posted by intheireye! View Post


Ill admit right now...accounting is fairly/relatively hot, but to assume its longterm viability as a 100k/yr job is guaranteed is ridiculous...

You think ACCOUNTING ISNT GOING TO BE AT LEAST PARTIALLY OUTSOURCED in the coming decades?

Are you kidding....? Its like grade 9 math in Asia and using Excel really well, lets get real...people make a good amount doing it bc its ridiculously tedious and, sadly, most Americans cannot even handle grade 9 mathematics(Asian style).
Excellent point. I can see a few other professional jobs with decent 70-100k's pay either becoming saturated or completely outsourced as well. Being a simple accountant is like being a nurse in the medical field, except in the latter case, I doubt the supply and demand would ever shift towards too many nurses.
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Old 05-09-2011, 04:23 AM   #686
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Re: Three Years in Las Vegas

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Excellent point. I can see a few other professional jobs with decent 70-100k's pay either becoming saturated or completely outsourced as well. Being a simple accountant is like being a nurse in the medical field, except in the latter case, I doubt the supply and demand would ever shift towards too many nurses.
Im sorry...

Im not trying to jump down your throat or anything but there is a huge difference...which is you cannot easily replace a nurse without someone in immediate proximity being available.

You most certainly CAN replace a financial service cubebot, and send the work via teh interwebs all around the world to be completed in MOST cases.
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Old 05-09-2011, 07:37 AM   #687
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Re: Three Years in Las Vegas

Cool read
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Old 05-09-2011, 07:47 AM   #688
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Re: Three Years in Las Vegas

Awesome insight and great read.

Thanks Dynasty. Keep us updated.
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Old 05-09-2011, 07:48 AM   #689
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Re: Three Years in Las Vegas

Great read. Looking forward to updates.
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Old 05-09-2011, 03:10 PM   #690
Flash Dancers
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Re: Three Years in Las Vegas

Quote:
Originally Posted by intheireye! View Post
Im sorry...

Im not trying to jump down your throat or anything but there is a huge difference...which is you cannot easily replace a nurse without someone in immediate proximity being available.

You most certainly CAN replace a financial service cubebot, and send the work via teh interwebs all around the world to be completed in MOST cases.
Yea, I think you misinterpreted my post. I was saying both jobs are similar (requires education and skillset but not to a great degree, and consists mostly of repetitive "grunt" work ) and earn relatively safe and above average wages, but the difference is that nurses aren't easily replaced and can't be outsourced like accounting/basic excel type number crunching jobs, thus supply/demand for nursing professionals will hold at status quo.
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Old 05-10-2011, 04:01 PM   #691
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Re: Three Years in Las Vegas

Anticipation building.
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Old 05-17-2011, 10:22 AM   #692
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Re: Three Years in Las Vegas

Past early May now FTPDynasty. No more announcements!
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Old 05-17-2011, 08:12 PM   #693
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Re: Three Years in Las Vegas

Was Dynasty arrested on Black Friday and could not make bail?..where is he?
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Old 05-17-2011, 08:42 PM   #694
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Re: Three Years in Las Vegas

I check NVG everyday for this update.
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Old 05-20-2011, 06:18 PM   #695
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Re: Three Years in Las Vegas

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Originally Posted by Akolades View Post
I check NVG everyday for this update.
Me too!
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Old 05-21-2011, 01:37 AM   #696
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Re: Three Years in Las Vegas

I've come across this thread off and on for the past few years, but this is the first time I've read it from beginning to end.

As many have said, it's among the best ever, if not the best. It's honest and true. It has not always been happy, and in fact may not end happily. It's not typical, because others have probably gone on to more success, and many more have likely gone on to far less success. But it's certainly real.

My favorite parts are Fossilman popping in and the election footnote, when Dynasty nails the 04 prez election. Link to the archived thread and lo and behold, you get a post from Nate Tha Great, who himself has gone on to bigger and better things, including nailing the 08 prez election.

There's even an appearance from sublime, who of course you'll all remember from last year's ME.

What this tells me is that smart people play this game...people smarter than me. It's partly discouraging, because I suspect I'll never be as successful at this game as others will be. On the other hand, it's very encouraging, because I'm holding my own against the best of the best.

Dynasty, looking forward to more updates, this year and down the road.
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Old 05-24-2011, 04:47 AM   #697
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Re: Three Years in Las Vegas

amazing thread, surprised i just came across it. probably tied with adsman's "changing your life" for top two alltime 2p2 threads for me.

just graduated college not sure if going proCards or going jobGrind, this thread gives me both inspiration and trepidation for the future.
eagerly awaiting this years update!
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Old 05-30-2011, 06:04 PM   #698
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Re: Three Years in Las Vegas

:[ You have less then 6 hours... before I keep waiting to read your update.
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Old 05-31-2011, 12:43 PM   #699
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Ten Years in Las Vegas

Ten Years in Las Vegas


In my tenth year in Las Vegas, I put my hard earned bankroll to serious work taking a couple shots in the 2010 World Series of Poker and eventually in the biggest cash games I’ve regularly played. By the end of my tenth year, I experienced both my biggest winning month shortly followed by a demoralizing losing month. But, my days of playing safe small stakes games were over for the time.

In May of 2010, I spent a few weeks in Massachusetts visiting my mother. I reflected on where I was in poker since I was late in writing ‘Nine Years in Las Vegas’ (just like this update is late). Usually during these times of reflection, I start thinking of doing something new. The World Series of Poker was going to start shortly after I returned to Las Vegas and I was getting a tournament itch.

I very rarely play tournaments. They simply aren’t good for a live player looking for anything resembling a steady income. But, the thrill of winning a tournament, like the big freeroll tournament I won in 2007, can’t be matched in cash game play. So, the competitor in me occasionally wants to wade into that pool.

I played event #4, the $1,500 limit Omaha 8 or better tournament, and ran like God on level 1. I even made my first Royal Flush in several years and nearly doubled-up, something which is very hard to do on level 1 of a WSOP limit tournament. Level 2 was almost as good and I had the early chip lead at my table. However, by level 6 I was card dead and sent the last of my chips to my tablemates.

Less than a week later, I played event #12, the $1,500 limit hold ‘em tournament. My results were basically the same. I ran good early, went card dead, and was going home shortly after the dinner break on Day 1. Though, somebody at the table who said he played a lot of limit hold ‘em tournament claimed this was the toughest Day 1 table he’d ever been at. The O/8 table had actually been great.

After two quick exits and $3,000 donated to the WSOP prize pool, my tournament itch went away. I scrapped plans to play the $1,500 seven card stud, stud 8 or better, and H.O.R.S.E. events. If I get the itch again in the future, I hope I won’t spend $3,000 scratching it. But, I haven’t had even the slightest desire to play a tournament since then. It’s just not worth it for me.

I didn’t take advantage of the diverse cash game action during the 2010 WSOP. Instead, I spent the summer months at the Venetian playing the same games I had been playing for a while- the 8-16 hold ‘em and O/8 games. However, the hold ‘em game was definitely becoming unsatisfactory. The game had become populated with competent players (they could beat a 4-8 game) who I could beat, but wouldn’t offer me the winrate which the game had when it started running nearly a year earlier.

I’m okay with playing a smaller game than I’m capable of beating if it’s juicy enough to offer a big expected winrate. I’m not embarrassed to be ‘playing small’ (which in the past I’ve sometimes felt). But, as the summer turned to fall, I accepted that the 8-16 hold ‘em game was simply not worth it for me anymore. If I was going to play limit hold ‘em, I was definitely better off playing higher.

However, the 8-16 Omaha 8 or better game was almost always a very good game and I was becoming more drawn to O/8 as I kept getting better at it. For a game which is simpler than hold ‘em or stud, it’s amazing how much worse the typical player is at O/8. Perhaps it’s because learning resources for O/8 are so fewer than hold ‘em, including basic information you can get from a WSOP or High Stakes Poker TV show. Or, maybe it’s because a lot of O/8 players are former losing players at hold ‘em who have changed games hoping to find better luck. Whatever the reason, O/8 games at all stakes I’ve played have always been better than their hold ‘em or stud counterparts.

By the end of the autumn of 2010, I was playing 8-16 Omaha 8 or better exclusively and putting in substantial hours. I was definitely feeling a mastery of the game, though the competition was admittedly mediocre at best. This game had become easy money and I naturally started thinking if there was more easy money to be made at higher stakes.

Unfortunately, the 15-30 O/8 game never ran at the Venetian, so there was no intermediary game between the Venetian’s 8-16 and the Bellagio’s 30-60. But, I had played the 30-60 O/8 game occasionally and fared well. However, that was a couple years earlier and I was a far superior player now. It was impossible not to think I should take a serious look at moving up.

Despite my 9 1/2 years of playing poker to this point, I’ve never regularly played a limit game bigger than 20-40 (the Mirage hold ‘em game). The biggest no-limit hold ‘em game I regularly played was 2-5 (which is about equivalent to 20-40 limit in expected winrate). I think when I’ve hit these stakes, something kicks which says ‘this is plenty of money to be making with minimal risk’. I’ve played a fair amount of 30-60 limit and some 5-10 no-limit, but I’ve never made either my regular game. I always moved back down to what seems to be my comfort zone.

In January, I decided to move out of that comfort zone and make an extended stay in the Bellagio’s 30-60 O/8 game. It wasn’t going to be just a shot. I was going to plant myself in the game for a few months and see how I did. Since the game plays with a 1/3 kill to 40-80 and the pots are killed often, it was going to be the highest stakes I’ve ever made my regular game by a lot. In addition, the 30-60 Omaha/8 game tends to play big. I’d say it’s a bigger game than the Bellagio’s 40-80 limit hold ‘em game simply because the O/8 game has so much more action. And, that would be true even without the kill to 40-80. I knew I was entering a game where I would have to deal with about double the $$$ swings I’ve ever experienced in my career.

And, the only way things could have gone better is if I put in more hours.

Right out of the gate, I was not just winning but also assessing that I was one of the better players at the table and often the best. I was identifying mistakes made by my opponents, often very fundamental mistakes, and knew that very straightforward play was certain to get the money from them. Against the better players, I thought I was at least equal, though I certainly had room for improvement. Even when the game was tough, I kept playing and found myself up to the task.

Of course, I was running good too. I won my first 8 sessions, 15 of my first 18, and 22 of my first 26. And my wins were much bigger than my few losses. It culminated with a $5,000+ win whose size was only matched by expanding ego.

I was winning so consistently and so easily that I was already thinking ahead to the 2011 WSOP where the Rio always has 75-150 O/8 games. The subject of those games had come up occasionally at the table and a couple players who said they played and beat the 75-150 were opponents who I thought I was as at least equal to. If those guys could beat the game, I expected the game was much softer than I would have guessed and something I could easily handle. In just a few months, I had gone from being a regular 8-16 player to assuming I was going to fairly easily beat a 75-150 game.

I wasn’t completely enamored with myself. I was well aware I had great room for improvement and took a step to do exactly that in preparation for the bigger games. After years of relying on books and the 2+2 forums, I decided to expand my resources and got a subscription to an online training site- Deuces Cracked. With somewhat limited O/8 information available in print (and also not quite satisfactory in quality to me), DC seemed like the smart choice. Also, I was expanding my game selection a little bit and definitely wanted help there.

By that time, I was also playing a 40-80 mixed game (O/8, stud/8, razz, TD 2-7, badugi, badeucy, badacey) with good results. My experience in these games, especially the draw games, was very limited. Yet, I could still see where my advantages against certain opponents were. It was just a matter of plugging my more considerable leaks relative to the games I was more accustomed to playing. So, I was also wondering what mixed game stakes I might venture to play during the WSOP.

It reminds me of June, 2002 when I first played the Mirage 20-40 hold ‘em game and crushed it immediately. As the wins piled up, I assumed I would move up in stakes and probably take on the old 80-160 limit hold ‘em game at the Bellagio, a game which I never sat in and have been reliably told was a very tough game.

But, just as I felt I was at the peak of my winning potential and about to climb an even higher peak, reality decided to check in.

Just one week after my $5,000 win, I left the Bellagio scratching my head about how I could lose $3,000 in such a soft game. Then, I started trading small wins for big losses. After that, the small wins were rarer and the losses became even bigger.

April was a complete disaster. With just a few exceptions, everything that could go wrong at a poker table probably did for me that month. In $$$, I’ve never lost nearly so much in such a period of time. Measured by big bets, it’s about equal to my biggest downswing. But, losing a large # of big bets comes much easier when the $$$ are smaller.

It was disheartening. Even with ten years of playing, reading and thinking about the game, the monster downswing is still a bit soul-crushing. When everything goes wrong no matter how well you play (and I was never upset at my overall quality of play), it’s easy to lose faith in yourself- at least for a short while.

I had been thinking about attacking some fairly big games in just a couple months at the WSOP, but now I was getting crushed in my new regular game. My perspective had changed radically.

So, I took time away from the game. May was mostly a relaxing month of playing a little less, playing smaller, and getting my confidence and focus back.

Because, while my disastrous April may have been soul-crushing for a short while, it wasn’t bankroll crushing (just a bit damaging). I tend to play almost any game over-rolled. It always makes me play more comfortably and I think that usually makes me play better.

As I post this, the 2011 World Series of Poker Event #1 starts in just over two hours. Following it will be a flood of cash games for the next month and a half, including the 75-150 Omaha/8 game and several other upper mid-stakes games which I’ve got the bankroll to at least safely take an extended shot at.

For ten years, I’ve mostly played in safe and comfortable games. But on a few occasions, I leapt into bigger games and tested myself against tougher competition. So far, I‘ve always been able to pass those tests.

The 2011 WSOP is going to be my biggest test yet. I’m not going to play any small games. I’m throwing myself into the unknown again and seeing what happens. If my results are as bad, measured by big bets, as I had in April, I’ll have to give up and protect my bankroll. If my results are good, I don’t know what happens next.
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Old 05-31-2011, 12:59 PM   #700
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Re: Three Years in Las Vegas

Dynasty, good read. It seems this year is 100% poker related when years past has been a mix of poker/personal. Just an observation, thanks for posting yet another year,
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