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PokerCast Episode 209 - WSOP Talk With Seth Palansky PokerCast Episode 209 - WSOP Talk With Seth Palansky

02-17-2012 , 07:13 PM
Quote:
Originally Posted by SGT RJ
Raise was far too large, between 2-2.5BB would be standard for this stage of the tournament.

Small stack with TT and like 12BB should have snap shoved.
If I see someone raise bigger than normal out of flow, I may fold that TT as well. If the normal raise from that player was 5x, then yes it is an easy push. If I have noticed they raise 5x with their 'trouble' hands like JJ and AK, and smaller with their strong and weak hands, then I could fold the TT. Especially since they will always call unless they are even worse than imagined.
02-17-2012 , 07:36 PM
Quote:
Originally Posted by that_pope
Do we have to listen to the DN commercial every week because all the other Stars commercials that Pros did are no longer with the site?
I think we should have some new material soon, but yeah, no more 'pass the sugar' anyway.
02-17-2012 , 08:52 PM
Quote:
Originally Posted by Mike Johnson
whoops. Called Whitney's movie song 'I will always love you' the Titanic song. 'The bodyguard' was the flim, ldo.
Everyone's been jumping on the "pick on MJ" bandwagon, so I dug up this long lost clip to back you up.

02-18-2012 , 02:40 AM
nice show as usual but no mention of everleaf / minted closing down to USA players?
pstars ftilt merge ( for certain states lat least) and now minted. running out of sites
the doj is solid
02-18-2012 , 03:00 AM
Quote:
Originally Posted by dice75
nice show as usual but no mention of everleaf / minted closing down to USA players?
pstars ftilt merge ( for certain states lat least) and now minted. running out of sites
the doj is solid
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Last edited by Mike Johnson; 02-18-2012 at 03:09 AM.
02-18-2012 , 03:03 PM
oh, are you guise from Canada ? ;-)
02-18-2012 , 07:34 PM
TT fold seems standard fwiw

Last edited by SMUTTTT; 02-18-2012 at 07:35 PM. Reason: sweet ep
02-19-2012 , 03:57 AM
Some pretty good repartee this week between Adam and Mike.

Who doesn't love good re par tee?

Eh?
02-19-2012 , 04:26 AM
Eeeh...17 minutes in and my delicate British sensibilities have been offended (it doesn't take much!)
"Churchill Downs is the home of the Kentucky Derby and the Breeder's Cup, it's the mecca of horse racing on the planet."
02-19-2012 , 07:57 AM
good show as usual

I'm with Mike on his pronunciation of naivety (but I'm british)

Anyone else having trouble getting stars mobile for android? I'm putting my mobile number into the website but not getting the download message
02-19-2012 , 09:58 AM
LOL @ Macau-Macaw-MyCow
02-19-2012 , 12:15 PM
Quote:
Originally Posted by that_pope
If I see someone raise bigger than normal out of flow, I may fold that TT as well. If the normal raise from that player was 5x, then yes it is an easy push. If I have noticed they raise 5x with their 'trouble' hands like JJ and AK, and smaller with their strong and weak hands, then I could fold the TT. Especially since they will always call unless they are even worse than imagined.
When I posted that, I didn't know it was the first hand of a new level. Miscalculation of the raise size seems much more likely given that.

Pretty sure with 12 BB and TT I'm not folding anyway, not five handed when it's the chip leader raising and everyone should be opening much more widely, but there's always the possibility that there was a tell that none of us know about.
02-19-2012 , 06:47 PM
I thought you guys let Seth off a little easy with his repeated comments about them losing money on the circuit events. Maybe I'm naive... but I suspect that's a little bit of clever accounting where the properties make a ton on food/hotel/extra action that isn't counted towards the revenue of the tournament.

Edit: By the way, I love the pod cast.
02-19-2012 , 11:32 PM
Quote:
Originally Posted by SGT RJ
When I posted that, I didn't know it was the first hand of a new level. Miscalculation of the raise size seems much more likely given that.
Almost certainly, given Kadosh's raise size for every other open throughout the day up to that point. He was 2-2.5x guy unless he was blind-on-blind with a short stack. (Kadosh went to 3x at the 25K/50K level but obviously they wouldn't know that at the time.)

If you read through the hand histories, the player with the more unusual raising style was Gagne. I see a lot of 5-7x at the 50K/100K level, with only a few button min-raises (showing down 22 and A7s). Heads-up, her button raises were most often 4-5x, assuming she didn't limp.
02-20-2012 , 12:02 PM
Rush on Q TV....at 7:55

http://www.youtube.com/watch?v=rt1YB...yer_embedded#!
02-20-2012 , 05:14 PM
Finally caught up on all the recent episodes.

Question about Harrah's taking a loss to the tune of $1.4MM, is it just me or does this not seem like a lot of money to a company of this size?
02-20-2012 , 07:08 PM
Quote:
Originally Posted by Johnny Douglas
Finally caught up on all the recent episodes.

Question about Harrah's taking a loss to the tune of $1.4MM, is it just me or does this not seem like a lot of money to a company of this size?
Yeah, that's probably why they continue to run the WSOPC events -- it's small enough they can afford to absorb it. My guess is that they take a small (but still significant) loss in hopes that it pays for itself with a larger WSOP. When I heard him say that, I figured it's almost an advertising or marketing expense on the part of Harrah's.
02-20-2012 , 08:56 PM
Quote:
Originally Posted by jjshabado
I thought you guys let Seth off a little easy with his repeated comments about them losing money on the circuit events. Maybe I'm naive... but I suspect that's a little bit of clever accounting where the properties make a ton on food/hotel/extra action that isn't counted towards the revenue of the tournament.

Edit: By the way, I love the pod cast.
This!

Of course tournaments on their own are not profitable for casinos. I'm not sure of the exact number, but Stars takes a cut of cash play action (which is profitable) and that is where the money is. It is without a doubt creative accounting. Please address this.
02-20-2012 , 09:06 PM
Also, the mobile app is a huge huge thing for countries with mass public transportation. I spend 15 hours a week on public transport, which saves me 10 hours in time! Seoul is nuts! I'm sure many in Paris/London have same issue, this would make life exponentially better.
02-20-2012 , 10:05 PM
Quote:
Originally Posted by TheDrew
This!

Of course tournaments on their own are not profitable for casinos. I'm not sure of the exact number, but Stars takes a cut of cash play action (which is profitable) and that is where the money is. It is without a doubt creative accounting. Please address this.
Agreed. I figure it sometimes best to let the audience make their own conclusions of a guests answer and that was one I believed was very obvious to for our listeners to read between the lines. We had Matt Savage on just two weeks earlier who made it clear the whole purpose behind running tourneys at all was simply to get the people into the building to eat, drink, gamble in the pit and book hotel rooms. It was a little surprising that Seth took time to clarify that they lose money on running tourneys as it's pretty much common knowledge that they have always been a lost leader and exist only for the big picture revenue. If they plan to continue to raise rake/fees/add-on to the point of trying profit on the tourneis themselves, quite simply, no one will play. Hopefully they are well aware of that.
02-20-2012 , 11:55 PM
Quote:
Originally Posted by Mike Johnson
Agreed. I figure it sometimes best to let the audience make their own conclusions of a guests answer and that was one I believed was very obvious to for our listeners to read between the lines. We had Matt Savage on just two weeks earlier who made it clear the whole purpose behind running tourneys at all was simply to get the people into the building to eat, drink, gamble in the pit and book hotel rooms. It was a little surprising that Seth took time to clarify that they lose money on running tourneys as it's pretty much common knowledge that they have always been a lost leader and exist only for the big picture revenue. If they plan to continue to raise rake/fees/add-on to the point of trying profit on the tourneis themselves, quite simply, no one will play. Hopefully they are well aware of that.




But seriously, MJ nailed it.

We can't be accosting guests yelling "prove it" when Seth says something like "we lost x dollars on the circuit events last year".

Did they lose money on the actual tournaments? Very likely. Are they interpreting a strict definition of the accounting in this instance? Also very likely.

They wouldn't keep doing the series if it was a net negative, so we have to assume that there are some ancillary benefits to holding the events.
02-21-2012 , 09:40 AM
Great episode guys.

wrt the Pokerstars mobile app, I can say that as an MTT reg it would be very useful.

I can't tell you the number of times I've been stuck single-tabling my last tourney at the end of a session. Often with places to be / things to do. This app would help a lot.
02-21-2012 , 10:22 AM
Just finished listening and that was one of the better episodes, Seth was a great guest, the audio quality was great all around with him too. I would like to hear him again as you continue to ask him the other questions you never got time to ask him.
Also great to hear your concerns were addressed
Mobile app in Canada would be the cats meow, I personally find I hardly ever use my personal computer now,

Last edited by jmws; 02-21-2012 at 10:23 AM. Reason: Typo
02-21-2012 , 01:08 PM
Great episode, I thought the interview was handled quite well and didn't think you "let him off the hook" so to speak.

I will say it's funny to hear him mention the losses they take on the Circuit tour, because it's one of those situations where they take a comparatively small loss on those events but only to increase revenue for the brand overall.
02-21-2012 , 01:27 PM
Anyone else think it's funny the way he says process? Or is it just me?

      
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