Question from a reader:”You still playing poker? You haven’t posted anything on it in a long time. Love your column btw.”
My answer is yes, I still am playing Hold’em and even though I still don’t like poker and defintely don’t preach that people should treat it as a career or business I have been playing lately. I was at a $40 NL table a few days ago and I was fortunate to have left the session up another $50 for a total cash out of ninety bucks (see? I told you that you can’t quit any dayjobs to try to make money at this, certainly not at the low and ultra low limits). My stack was something like $60 at this point in the session having one some small hands mostly from players beating themselves (going in with small pairs for who knows why and things like that).
I had been dealt this:
So preflop I made a raise to $10 and a gentleman to my left went ahead and called me. Another person called and it was three of us to see the flop. The flop came down:
I wasn’t thrilled about the flop but I figured what the heck and let me see what are the chances somebody has the flush – and the nuts no less – on the flop. So I bet another $15 and the man to my left goes all in with his stack of $30. The other player folds. I matched his stack and was waiting for the gloat. The guy turns over his cards to show me:
“I have you beat,” he said with pride. “I got the nuts and I win.”
I turned over my pocket kings and said, “Well, let’s see what happens.” I was already beat but having been rivered to death (and turned to death as well) just like the rest of you, and considering I am into the game for what, $55, where am I going to go?
The turn and flop came down:
At this point, I figured that I had cashed in any and all Karma that I was “due” and the moral of the tale, or at least point of the post is that, It Generally Is Your Turn To Be Lucky If All Other Things Being Equal When It Doesn’t Really Change Your Lifestyle. It was pretty exciting to get four of a kind and win with my hmmm 2 something percent chances out of a hundred and the losing player after cursing was able to congratulate me and I received an entry for some sort of drawing that I couldn’t attend anyways because of work. I would have rather won the lottery but who knows maybe I should break down and buy a longshot and see if I am in the zone or not.
So, yes, I still am playing cards and the reason you generally don’t see too many posts one way or another because I hate poker stories more than i dislike playing poker. I need to have a sign on my neck stating, “I will listen to your great beats, your bad beats, your stroke of whatever fortune” for $50 an bour. I will nod my head appreciately and cluck my tongue and shake it side to side in sympathy with you for that kind of money as well.”
Rumor was that somebody at one tournament did this and made some money though I suspect it has more urban legend to it than reality check especially since most players don’t even have money for a chair or a chip.
I have been playing 200NL with average results. By average I mean that I am currently slightly down $318- which isn’t bad for the swings that one can get playing at the higher level game. I have found that the caliber of play ranges from slightly better to shark mode when players from the $400-500 NL drop down and some of them are quite good-or there is a lot more collusion going on. I think it is the former and not the latter and that is interesting in of itself though I have seen some very bad signals from a husband and wife team once. They didn’t end up winning. So much for trying to beat the system through crime.
Same advice still holds – only play with money that isn’t scared money. If you are sitting down with bread and egg money – shame on you. There are better things to do with your money and we are in a Depression. You shouldn’t be taking money from your family, your business and trying to go on bad investment ideas or gambles where you literally are at the mercy of the flip of some cards. Ugh.
I also spend some time throwing bullies off balance and they generally leave the table after I get the other sharks on to them. One guy for an hour was constantly raising and finally on the flop (which had nothing remarkable):
I called him with nothing but this:
I went in and said, “I am tired of you bullying us. Come on and if you can get me, get me.”
He balked and folded and he left the table two hands later. Some players said to me, “He was bullying us, how did you know?”
“Everybody can’t have a great hand every time, can they?”
Of course, he could have had any pair, trips or two pair with an ace, or even just a high card of a six and I would have been dead in the water. It does take some effort to think sometimes at the $200NL though I think my reads of people, not always cards, are okay. Now you have another idea why I hate poker, huh? Too much like work.
Be safe, sane and healthy. May you all be making money as well.
July 30 2009
Also, please don’t quite go anywhere yet. Having some tax issues or tax questions? Any problems with trying to make it through the financial Depression we are in that is making you depressed? Please read on.
I am expanding my practice and taking on new tax clients. If you are interested in having somebody who is a successful businessman and tax professional with integrity review your returns discretely and see if your tax guy or gal is doing a good or goofy job, please drop me an email or post a comment with your contact information and time.
I have experience in international business, small businesses, partnerships, multi-state tax returns (they can get complicated) and anything else you can probably think of.
I also do business consulting and have ran several businesses (still running a few) myself so you are in good hands.
If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book, Practical Money Making, that is listed right after his paragraph in this very post. There are some great suggestions and ways to survive the Depression we are in.
Interested in any of my books? You may want to make a stop over here. Please click through to purchase my books and some other interesting items that actually ARE on sale.
Have you read my book, “Bad Tax Idea, Good Tax Idea“? Please order it today. The tips inside can save you hundreds if not thousands of dollars! Tax planning should be done year round and not just two weeks into January or later.
Part of all the proceeds from the sales of that book go to Rett Syndrome research. One girl is born with Rett Syndrome worldwide every fifteen minutes. My daughter Arianna has Rett.
Kim Isaac Greenblatt
It Generally Is Your Turn To Be Lucky