Thursday, December 3, 2009

Bursting the SNG Bubble

Aces and Keybroad One of the keys to becoming a successful Sit & Go player is learning to master bubble play. The last thing anybody wants is to be the Bubble Boy, which means you need to get the most out of every hand you play during this critical stage. If you make solid moves from good positions and manage your chip stack wisely, you’ll find yourself in the money before you know it.

Let’s say that you’re short-stacked with just five or six big blinds. How you play your hand in this situation depends less on your cards and more on your position and the size of the other short stacks at the table. For example, you’re in the small blind and the hand is folded around to you. If the big blind doesn’t have you covered by very much, it’s time to jam. This play makes it really hard for him to call because he’s risking his tournament in a very tenuous spot. You put him in a position where he’s the one who has to call you, and that’s a big advantage.

Now let’s change things up a little. Say you’re sitting on about eight big bets on the button and the chip leader is in the big blind. If the action is folded to you in this situation, you can be much more selective about the hands you play. You still have plenty of chips to work with before the blinds come back around, which means you can afford to try and pick your spots. Personally, I’d fold hands worse than Q-10 here, but I’d probably play KJ, KQ, any Ace, and all pocket pairs.

If you’re sitting on just four or five big blinds in this same situation, you’ll have to open up your game a little and play more hands. You’ve got to take some chances here and get your chips in, even if you may be no better than 50-50. Waiting isn’t an option because the blinds will eat you alive if you let them.

If you’re playing a medium-size stack, you have more room to play, but still have to be careful about when – and from where – you put your chips in the middle. Making a standard 3x or 4x raise with 15 or 16 blinds can still be risky because there’s a good chance a bigger stack will re-raise and try to force you all-in before the flop. You really can’t afford to make that call without a premium hand like Aces or Kings.

You definitely don’t want to call with something like AK or AQ because you’re just a coin-flip against any pair and are dominated by pocket Aces or Kings. Folding here is a smarter move, especially if there’s a short stack left to play behind you who is likely to call with a much wider range of hands and give you a better shot of making the money.

Of course, nothing is more comforting than having the big stack when you’re sitting on the bubble. As the chip leader, you can practice selective aggression and apply pressure to the smaller stacks. You especially want to focus on the players in second and third place, as they aren’t going to want to put their chips at unnecessary risk.

Because the shorter stacks are going to try to double up through you, you need to be careful about making loose calls just because you think you can afford them. For example, let’s say the small stack raises 5x the big blind from the button and the small blind folds. You’re in the big blind and it’s only four more bets for you to call, which means your odds are slightly less than 2-1. While calling here may in fact be the right decision, it’s not automatic as far as I’m concerned.

I recommend taking a few seconds to really think through the situation, even if you’re holding a pretty strong hand like A-8 or up, KQ, KJ, or any pocket pair. Think about your opponent and how he’s been playing. If he raises every time he’s in that spot, widen your calling range. But if he’s a particularly good Sit & Go player or playing tight, he may not play many hands and you shouldn’t call as frequently.

More often than not when I’m the big stack in this situation, I’m not just flat calling here. Instead, I’m moving all-in. This is particularly effective because it puts all of the other players at the table to a tough decision. Again, the players in second and third aren’t likely to get involved without huge hands, which lets me isolate the smaller stack.

In the end, winning a SNG is about using whatever edge you’ve got. When you’re down to the final four, take advantage of position and play your stack aggressively. Know when to back off and when to go for it. You’ll still be at the table – and in the money – when the bubble bursts.

Bodog is Adding Money to Tournaments

bodog-logo Bodog Poker’s $100,000 Guaranteed has developed a reputation for being one of the best tournament values in the industry.  That’s because the $100k Guaranteed offers the best overlays with at least $30,000 being added to the prize pool by Bodog every week.  And since Bodog is adding so much of their own money to the prize pool, it essentially means Bodog is giving players free cash.  This is why the Bodog $100,000 Guaranteed is consistently considered the best tourney value in online poker.

Old Ladies Booked for Poker Playing

old-ladies A number of elderly women were arrested in Cyrpus for playing poker recently. The Cypriot movement says poker playing for cash is illegal and they enforced that law on women up to 95 years old. The group of women were playing for cash and were causing enough commotion that a neighbor complained. When police arrived they found the women ranged in age from 50 to 95 and arrested the lot for breaking the law. The women were arrested and booked. No word yet on what the punishment will be for this group of elderly poker players.

Binion's Still Sending Free Hotel Offers

Binion2

Just how sudden and surprising was the announcement that Binion's would close their hotel tower and all 365 rooms Dec. 14?

So much so, that not even casino marketing knew.

I just received in the mail a postcard that says, "This winter brings magic to Binion's."

On the other side: "Magic is in the brisk winter air and we invite you to stay at Binion's for a season of enchantment."

We are then invited to stay 2 free nights at Binion's through Jan. 31, 2010.

Seems like this winter, we'll more need a warm bundle of blankets than magic to stay at a hotel that no longer exists...

Binion's To Close Hotel Rooms

binions The hotel-casino that launched the World Series of Poker is closing its hotel part of the casino.

All 365 rooms of Binion's Gambling Hall will be shuttered as of Dec. 14.

Along with the hotel closure, 100 workers will be laid off, keno will be shut down, and the coffee shop will be closed.

The remaining part of the casino will remain open, including the poker room and steakhouse.

Binion's opened in 1951 and was purchased last year by TLC Enterprises, owners of Four Queens. No word whether the Four Queens' 690 rooms will be affected.

Golden Nugget, located across the street from Binion's, opened a 500-room tower last Monday at a cost of $150 million. It was the first new hotel rooms in downtown Las Vegas in 20 years.

We popped by Binion's last night and not only was the casino pretty much empty, there were 0 poker tables running. A sad sign of the times, particularly since we enjoyed staying at the hotel which felt more like little apartments than hotel rooms.

Clothing Brand KSINO Signs Female Poker Players

lacey-jones Clothing apparel company KSINO announced Monday that it has signed exclusive agreements with two of poker’s up-and-coming female players, Lacey Jones and Leo Margets. The brand, which is building a reputation as the top clothing line for those living and loving a fast-paced lifestyle, chose Jones and Margets as two players who speak to that standard of living.

“To say that I am thrilled to have Lacey and Leo as brand ambassadors is an understatement,” said Alex That, President of KSINO. “They are two very beautiful women who are also very talented poker players. They turn heads at the tables Leo Margets not only for how they look, but also for how they play. That’s what KSINO is about, playing great and looking hot while doing it.”

“I really love being part of the KSINO family,” Jones said about her new role with the company. “It’s about more than just great looking clothes; it’s a fun lifestyle. It’s my lifestyle.”

“I’m excited about being a part of KSINO,” said Margets. “I feel like I identify with the brand and can now sit down at a poker table and compete in style… I love it! KSINO is not only a clothing line. They are creating and redefining the game… It’s a whole new lifestyle!”

The KSINO clothing brand was created by Anthony Tuozzo to provide premium designer apparel to the multi-billion dollar gaming industry. The brand’s styles include graphic t-shirts, hoodies, button-downs, jackets, and accessories. KSINO clothing is now available at D.Fine at the Bellagio, The Men’s Store at the Mirage, and at KSINO.com.

On November 24th, KSINO entered into a merchandise distribution agreement with HeadsUp Entertainment International Inc., operators of the Canadian Poker Tour and Canadian Poker Player Magazine. KSINO apparel will be marketed throughout Canada in Canadian Poker Player Magazine, on all upcoming Canadian Poker Tour television broadcasts, and into the websites, social communities, and player databases from coast to coast.

Greed no longer just good, it's legal in 'Wall Street 2'

wall street2 Oliver Stone is a prickly pear. He'd be easy to imagine at a family's holiday dinner table, standing up halfway through the feast, a nearly empty glass of wine in his hand, launching into a paranoia-ridden diatribe about government conspiracies, secret assassinations and maybe even unreported alien encounters.

It'd be comic, if we didn't know deep down inside that Uncle Oliver is possibly right.

Stone has just finished filming Wall Street 2 and took some time off to speak to students at American University in Washington, who can actually take a course called "Oliver Stone's America." (If that means getting to watch Charlie Sheen movies for credit, sign us up.)

"The individual Gekko would no longer exist in this new Wall Street," Stone said, referring to Oscar-winning role played by Michael Douglas in 1987. "The big players now are major banks and hedge funds ... the money's too big."

In the just-completed sequel, Stone said, "greed is now legal." (Whoa. It's too close to Christmas for that sort of perspective.)

According to the Associated Press, Stone also blasted the mainstream media (who doesn't?), the defense industry, the war in Afghanistan and President Barack Obama.

FIVE MORE LINES ABOUT GREED IN 'WALL STREET':

5. "There's no nobility in poverty."

4. "When you've had money and lost it, it can be much worse than never having had it at all."

3. "What's worth doing is worth doing for money."

2. "It's all about bucks, kid. The rest is conversation."

1. "The main thing about money, Bud, is that it makes you do things you don't want to do."