Archive for October, 2014

Daily 3-Bet: IveyWeed, Bellande Shrinkage, New Poker Economy

Got a tip for a future 3-Bet? Let us know in the comments.

Today in the 3-Bet we find Phil Ivey about to get into the medical marijuana game, Jean-Robert Bellande turns a slimmer figure into a fatter bankroll and changes at PokerStars spur debate over the new poker economy.

1) Ivey’s Game Goes to Pot

Weed
It’s for my Glaucoma.
 

Las Vegas City Council this week approved 26 applicants looking to open up medical marijuana dispensaries in the city according to the Las Vegas Review-Journal.

One of them? Poker god Phil Ivey.

There are still a few hurdles to go before an actual dispensary can be opened, including a go-ahead from the State Health Department, but a first-stage approval is at least necessary to get things off the ground.

“Applicants who receive both city and state credentials,” the Review Journal says, “will be routed back to the City Council for a final, as-yet-unscheduled suitability hearing.”

The 26 approvals is actually double what State regulators have approved for Vegas so more will eventually have to be culled.

Still Ivey’s made Day 2, so to speak.

Is IveyWeed set to become the marijuana of choice for the Vegas grinder? Only time – and product – will tell we guess. More from the Review-Journal here.

2) JRB: Smaller Waistline, Bigger Bankroll

He did it. He really did it.

Jean-Robert Bellande – aka @BrokeLivingJRB – somehow managed to get down to 245lbs in his weight-loss prop bet just under the wire and is now $ 70,000 richer.

Will he keep the weight off? Oh no. And how long will the $ 70k last? Well given that he’s in Macau right now in the heart of the biggest cash game in the world, he might already be back to being BrokeLiving before the money even hits his account. But still … big win for JRB.

Yum! Goat cheese pastries… My 2 opponents just conceded my win. Lost 43lbs. 70k collected… http://t.co/rPfyI6QrD5

— Jean-Robert Bellande (@BrokeLivingJRB) October 31, 2014

3) PokerStars Changes Spark Protest, Debate

If you dabble around in the micro-stakes and play on a bunch of different poker sites, you’ve likely noticed not much to be different this week than it was last.

If you’re a mass multi-tabler at certain stakes on PokerStars, though, your world is decidely different today as over the last week (and months) PokerStars has introduced a number of changes that dramatically affect some full-time poker grinders.

pokerstars screenshot 2
Stars regs not happy.
 

Among the changes causing the furor are the introduction of Spin-and-Go games, a 2.5% currency conversion charge, changes to its VIP and bonus program and, most recently, rake increases for specific games and stakes.

Much of these changes have been attributed on poker forums to a “cash grab” by PokerStars’ new owners, Amaya Gaming, and a higher priority on the bottom line.

Others attribute the changes to a shift more towards the recreational poker player, PokerStars getting in line with competitors’ pricing, a variety of new costs related to licensing demands or the overall reality of the new poker economy.

A comprehensive summary of the changes on PokerStars this year is over on PokerFuse.

PokerStars has responded through a couple of channels, including its corporate blog and the 2+2 forums, with opinions still divisive. Some have even called for the main face of PokerStars, Daniel Negreanu, to resign in their support. Negreanu has yet to respond but is likely to shortly.

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Mercier and Duhamel Answer Questions

A few months ago, we asked our members to submit questions for Team PokerStars Pros Jonathan Duhamel, Jason Mercier, Daniel Negreanu, Liv Boeree and Barry Greenstein. First to answer some of the questions received are WSOP and EPT winner Jason Mercier and 2010 WSOP Main Event Winner Jonathan Duhamel! Jason Mercier 1. You have been very successful on the tournament circuit since winning the EPT San Remo Main Event in 2008. However, according to Hendon Mob, you did not score a single cash ove[...]


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Poker Pro Phil Ivey Approved For Medical Marijuana Business In Las Vegas

Poker pro Phil Ivey received preliminary approval this week to operate a medical marijuana dispensary in Las Vegas, according to the Las Vegas Review-Journal. Ivey was one of 26 who …
CardPlayer Poker News

Poker and the Dunning-Kruger Effect: You’re Not as Good as You Think

Or did you just say in the lower third? Come on. Even if you are only playing recreationally, you must be an above average player, aren’t you?

Of course, that’s possible. Good players have a lot of talent, and you can very well be a good player without practicing eight hours every day.

Unfortunately, chances are you’re overestimating your abilities. But don’t worry, most players do. The reason for this is the Dunning-Kruger effect.

What is the Dunning-Kruger effect?

Chips Cards2013 WSOP EuropeEV0710K NLH Main EventDay 1AGiron8JG1309
How would you rank your own poker skill?
 

The two scientists who gave this phenomenon its name described it first in 1999, after conducting an experiment in which the participants had to go through a series of tests checking their general knowledge.

Afterwards, they were asked to assess their own performances. Astoundingly, nobody thought they had done badly.

Rather, everybody considered themselves as good or very good although the top performers actually achieved even better results than they thought.

The self-assessments of people with the worst results, however, were furthest from the truth.

There was a second part to the experiment. The top 25% and the bottom 25% were given the other group’s answers. Having read them, they were asked to assess themselves again.

Now something interesting happened: the more talented group realized they had performed even better than they thought they did. Consequently, they rated themselves higher than before.

dunnigkrugereffect1
The Dunning-Kruger effect. H/T Steve Barefoot
 

The bad performers, however, did not show anything similar. Although they now had the better answers of the other group right in front of them, they were not able to conclude that they had actually failed the tests.

Rather, they kept on rating themselves too high. Apparently, incompetent people don’t realize their incompetence even when they are confronted with competence.

Does that mean, in other words, that the weaker participants couldn’t improve? No, it’s not that simple. Because, if you educate the subjects – and incompetence is mostly a lack of education – their performances improve.

And this brings us to the most fascinating part of the Dunning-Kruger effect: The more the test persons improved the worse they rated themselves.

It looks like they needed added knowledge to reach the famous Socratic paradox: “I know that I know nothing.”

Dunning-Kruger at the Poker Table

Think back to the football World Cup for a minute. In dozens of countries, tens of millions of fans wrote billions of comments on line-ups, strategy, and tactics of their favorite team.

Vitally Lunkin
Don’t blame the Russians!
 

Basically, they were all wrong, mainly because none of them are as qualified for the job as a national coach. Yet, they all thought they knew better.

In poker, it is quite similar.

Just look at the relevant forums. The vast majority of recreational players thinks they are great, and the reason they lose money is fraud. At least. Because bad luck doesn’t even get close.

The alleged fraud takes on different forms. When it comes to online poker, the most common accusation is that the software of the provider has been manipulated.

Apparently, many players are under the impression they get beaten below value. On the other hand, nobody considers himself to be extraordinarily lucky.

Having read thousands of comments in forums, I can say I’ve never come across somebody who thinks he usually ends up on the “right” side of the doom switch.

From a human perspective, this is completely understandable, because if you would admit that, it would also mean you are so bad as a player that the software has to help you out.

From a mathematical point of view, this is obviously a flawed perception of the world.

Conspiracy Theories a Perfect Scapegoat for Bad Players

The idea that an online operator like 888poker, administering hundreds of thousands of accounts, should be able to control and manipulate every single one of them, seems at least unlikely to me. However, I will freely admit that I am not a computer nerd.

Another common assumption is that players from specific countries get treated favorably by the software. On top of that, these players usually play very erratically.

Dunning Kruger
More Dunning-Kruger Effect in action.
 

In European forums, the main target for this accusation are “the Russians”. Maybe it’s a historical thing, but again this is a personal opinion.

Russians, people say, play terrible and then get rewarded by suck-outs all the time, while the good players are getting punished, who knows what for.

Remarkably, the “harmed” players are always purely recreational players. They are never regulars who generate lots of rake, but rather low stakes players who sit down now and again on the evening or on the weekend, and who are consequently not the strongest players in the first place.

Basically, it is exactly the target group of players that the fraudulent poker provider would want to support.

If people don’t see the flaw in their argument there, they are victims of the Dunning-Kruger effect.

250k chips

By the way, if regulars and pros think they are being cheated, there is usually more behind it. The Absolute Poker scandal is probably the most prominent example.

Conspiracy theorists are basically not complaining about other players getting treated favourably, they complain about themselves not being treated favorably.

On a side note, doesn’t it seem quite natural that players from countries with large populations win more often than those from small countries?

Russian players won the most WCOOP events this year, but there is nothing suspicious about that, as they only won one more than players from Canada, despite their population being five times larger.

The reason is, of course, that there is a significant amount of American pros who went north to be able to play.

A Personal Story

Heads UpNoah SchwartzLudovic Lacay2013 WSOP EuropeEV063K PLO Mixed MaxFinal TableGiron7JG9109
You want your opponent tilted.
 

One night, I sat down at an 8-game table online. Only in the second hand – we were playing PLO – I managed to hit a full house on the river and stacked my opponent, who had been in front on the turn with a flush and bet big.

Poker mathematicians would say – and I know they are correct – that the odds were against me, I should have given up my hand, and that I clearly got lucky.

I sucked out, but that isn’t even the point.

Because after this hand, for the whole 90 minutes I played that night, my opponent, who was obviously also intoxicated, kept swearing at me obscenely through the chat box.

He also accused me of cheating, and he claimed to take notes of my play all the time so he could report me to support.

He then proceeded to only play top hands and get the maximum when he had it. But he also liked to call off a lot when I had it, just to prove I was bluffing – which I wasn’t.

He got so angry and frustrated that he lost control over his game. I’ve never had a session where winning was so easy as that night. At the same time, with every hand lost he felt vindicated he was getting cheated.

If you lose your temper completely just because of one bad beat, you also lose contact with reality.

Frustration and How to Deal With It

But let’s leave aside the frustration of those who are unwilling or unable to learn. Their attitude is unlikely to change because they think they know better.

Phil Hellmuth
Don’t Brat it up.
 

As we know, conspiracy theories work so well because every argument against it also works in favor of it.

For conspiracy theorists, counter arguments only prove how well the conspiracy in question has been organized. And he is the only one who is able to look through them.

So let’s take a look at frustration that is real. It develops by the principle mentioned early in this article: The better we get at something, the more we understand how far ahead others really are. It’s pretty depressing.

If you’ve only just started to work yourself into poker, you are probably fascinated by what you see on TV. Partly, because you only understand half of it.

The more shows you watch and the more practice you get, the more you’ll understand and the more you’ll recognize the differences in quality.

Of course, broadcasts of the WSOP Main Event will always be entertaining, as the level of play is often understandable and comparable to our own. Also, most of the players seem to have a lot of fun.

With high-stakes cash games, it’s a completely different thing. The advanced recreational player watches and understands that some pros are playing the game on a completely different level and that they are going through trains of thoughts we wouldn’t be able to think up.

Sometimes they are so complex that we can’t even follow them. Often, so-called “hero calls” with king high or mucked full houses are everything but lightheaded decisions.

These are the moments where we sit in front of our monitors, shake our heads and wonder what’s going on.

Frustration is the result of this, and sooner or later, everybody who realizes they will never reach that level, will ask himself if he should quit playing.

The Game is the Reward

But don’t panic, the solution isn’t that complicated. If you have collected some experience in the game, you know that players play differently in a $ 1 online tournament than in a $ 10 tournament, and they play differently again in a $ 50 tournament.

A Whole Lotta Cash
Play the worst = profit
 

This also applies to cash games. Exceptions confirm the rule.

So, don’t believe in what you hear on TV when players say, “you have to play the best to be good” or something to that effect.

Don’t play the best. Play the worst, play the whiners, play the conspiracy theorists, play the victims of the Dunning-Kruger effect. That’s where your best chances lie.

It is not a coincidence that you find regulars and team pros in almost every $ 10 online MTT.

Also, don’t believe in that nonsense that the only reason to play poker is to win money. Poker is our hobby, not our job, for crying out loud!

We play, because we enjoy it. If you play football as a hobby, you wouldn’t quit because you’ve lost three matches in a row.

I can say from experience that you can easily lose track of counting the goals during a friendly evening football match.

All hobbies cost money. Why shouldn’t poker?

The special thing about poker is that you have the added chance to win money. The chance, not the right to.

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WPT Royal Flush Girl Wins Miss Universe Guam

After three years of deliberation, World Poker Tour Royal Flush Girl and Chamoru descendant Brittany Bell finally decided to enter the 2014 Miss Universe Guam pageant on Tuesday night in the northwest district it of Tumon. When the voting procedure was over and done with, Bell, 26, had defeated 7 opponents and claimed the Miss Universe Guam title. She will be representing Guam in the 63rd-annual Miss Universe pageant on January 25, 2015 in Miami, Florida. “While living back home on Guam, I’ve[...]


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