The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
Verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day.One of the most popular promotions for low stakes players on GGPoker has been further expanded.
During the software update on February 10, the Daily Free Spin promotion changed to Daily Freebie. Furthermore, UK players can now also claim the daily gift for a chance to boost their bankrolls.
All players, both existing and new, just need to have verified accounts and log in each day to claim their gift, which lets plays play real money tournaments—and compete for real money cash prizes.
The update has expanded what is given away. Now, there are Daily Freebie tickets for Flip & Go, the super-successful new format introduced in January 2021. It has also undergone some changes since its launch, with GGPoker increasing the frequency and adjusting the buy-ins as well as the maximum number of stacks for purchase.
“GGPoker is happy to confirm that we’ve relaunched our Daily Free Spin offer as the Daily Freebie; verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day. All they need to do is log in and claim their daily reward!” said Paul Burke, Head of Public Relations at GGPoker.
“We hope to continue to change up the rewards on offer in the future, giving all players the opportunity to try out GGPoker’s most exciting games, no matter their bankroll.”
For existing players, Daily Freebie is available immediately—just log in and claim.
If you haven’t yet signed up, you can do so today and enjoy the promotion as soon as you have verified your account. You can also take advantage of all of GGPoker’s generous welcome bonuses.
How the GGPoker Daily Freebie Promotion Works
The operator has seen unprecedented growth in 2020 to become one of the leading online poker platforms for tournaments and cash games. GGPoker has achieved that with a plethora of promotions, innovations, and high-profile partnerships. Their continued success has led to a record $7.5 million in promotions given away in February 2021.
One of several promotions for players with smaller bankrolls is the Daily Freebie formerly the Daily Free Spin.
This was launched on September 7, 2020. It has given verified players the opportunity to claim one $0.25 Spin & Gold ticket every day ever since. The free ticket courtesy of GGPoker continues to be available under the new name three times per week—*but this rotates with other ticket types.*
Players can see the next six upcoming Daily Freebies listed under the “My Promo” tab. A new daily gift becomes available after each daily reset at midnight Pacific time. Each ticket will continue to feature an expiration date of 24 hours once the Daily Freebie has been awarded.
The current rotation of Daily Freebie is fixed for the time being. However, GGPoker hopes “to change the daily prizes on a semi-regular basis,” according to Burke. He also hinted at a strong possibility that the Daily Freebie will include the alternative currencies C$ or T$ sometime soon.
Newly included as a prize in the Daily Freebie is a $1 Spin & Gold ticket, which can be claimed once per week. Furthermore, five $0.05 Flip & Go tickets are up for grabs three times per week, giving players the chance at trying the new tournament format free of charge.
As a mixture between a Flipout and regular tournament, Flip & Go was launched on January 12, 2021. However, it only took a few days for the first tweaks to be made. Initially slated to take place once every hour, it was soon increased to once every 30 minutes.
The buy-ins were also adjusted and the lowest available stake was increased to $0.05 with a guarantee of $50. Players can now take a shot at their own leisure three times per week and enter this lowest tier with five stacks thanks to the Daily Freebie.
Upon launch, the Flip & Go featured a maximum of 10 entries for each of the four stakes. However, that number has been adjusted recently and the stacks for purchase are now capped at a maximum of eight. This makes the bonus stacks based on the holdings during the Flipout stage more valuable in comparison.
The overall feedback for the new tournament format has been very positive, as outlined by Burke.
“Players love it! We have been very pleasantly surprised by the positivity seen across almost all feedback, of course not all players are interested in a new game type but those who have tried it have mostly good things to say about Flip & Go. We’ve also received some constructive criticism, which is also valuable.”
Further tweaks to the Flip & Go format may very well possible, as GGPoker is constantly reviewing and optimizing its schedule. One such adjustment was made with the expansion of the popular Daily GGMasters earlier in February.
The changes to the Daily Freebie promotion went live on February 10. All verified GGPoker players in eligible countries can claim their daily gift under the “My Promo” tab after each daily reset.
Every summer, poker players from all over the world flock to Las Vegas for the World Series of Poker. Luckily for the professional players, most of these visitors have little to no chance to actually come away with a big score because they set themselves up to fail from the start. To last the seven weeks at the WSOP you must remain focused and ready to play your “A” game the entire time.
Here are a few tips that will greatly increase your expectation at any tournament series without even mentioning how to technically play poker. It should be noted these are tips for players who want to have the highest expectation possible during a long series and only care about poker. If you’re going to Vegas to party and to play a few tournaments on the side, these tips probably aren’t for you. Then again, neither is the life of a poker tournament professional.
Get a lot of sleep
To be ready to play your best at noon every day, you simply have to get a lot of sleep. I make a point to get home as soon as the tournament is over each day or around midnight, whichever comes last. For example, if I play a $1,500 tournament and bust in the first hour, I will play satellites or cash games until midnight and then go home. If I play the same $1,500 tournament and survive the entire day, I will go home when play ends, usually around 1 a.m. When I get home, I go straight to sleep. I don’t sit around and have dinner and watch a movie. I get sleep so I’m ready to go the next day.
Play side games
In the past, I never really played the side games during the WSOP. I now realize just how much money I was missing out on. I’ve played mostly $500 and $1,000 single-table satellites in my spare time and have been happy with my results. I also hear the cash games are excellent. I used to simply go home whenever I lost a tournament, which would often waste an entire day. Now, I’m earning around $200 per hour.
Assuming you play four hours of side games per day, you will find that you profit $40,000 by the end of the series. That’s a nice way to supplement the daily tournaments. It can turn a losing series into a break-even one and a break-even series into a decent winner. Obviously this will take time away from goofing off or enjoying the outdoor world, but seeing how the profitability of poker has been shot in the foot because of the problems with online poker, you simply have to make the most of every tournament series.
A few years ago, I lost around 40 pounds simply through eating right and exercising regularly. Throughout the WSOP, I make a point to eat a few eggs, some veggies and some lean meat as soon as I roll out of bed every morning. During the WSOP, there are a few food delivery services that will bring healthy food to the poker table. I have my healthy breakfast plus two meals delivered to my table each day. This allows me to not take dinner breaks, which will make me slightly more profitable, and it allows me to stay in decent shape, especially since I have to cut out a little bit of my routine workout time.
That being said, I still try to get in the gym at least three times per week, even during the hectic WSOP. Also, for those looking to quickly lose fat and keep it off, simply stop eating sugar, fatty foods and starches. This means no smoothies, potatoes, rice, yogurt, fatty meats and bread. If you cut these foods out of your diet, the weight will drop off quickly. Realize though, this isn’t a diet, it’s a way of life.
Avoid your vices
My past vices have been drinking and degenerate gambling. I never had a legitimate problem with either, but I realized they cut into the profitability of poker. If you have a few drinks at night you’ll find you won’t sleep as well and will wake up with a mild hangover, which will make you play worse during the day.
If you gamble on random things, such as blackjack or sports, you will find when you lose, you’re on tilt from losing and when you win, you would rather be doing those things than playing poker, both of which are terrible for your concentration. My advice is to cut these activities out of your life, and not just for duration the tournament series. If you do, you will find yourself a much happier person in the long run.
If you are going to the WSOP, I strongly suggest you spend some time preparing. If you simply show up and expect to succeed, you are almost certain to fail. I recorded a six-hour long training series for you that explains all of the preparations I make in order to ensure I have the best chance to do well. I also discuss how to play with the wildly varying stacks you will be forced to play with at the WSOP. Check it out here: Jonathan Little’s WSOP Coaching Series
If you enjoyed this blog post, please share it with your friends. Good luck in your games!
Starting from 16th February to 28th February, PokerBaazi will be hosting the Daily Cash Smash! 13 Days, daily leaderboards and prize pool of INR 21.45 Lakhs! The players can grind any of the three (NLHE/PLO-4/PLO-5) cash tables and all the chips won from the leaderboards will be withdrawable (separate for all three variants)!
All players will have a chance to win from a daily prize pool of INR 1.65 Lakhs! All you have to do is play the cash tables between 10:00 AM – 4:00 AM!
The Daily Leaderboard prize pool
5/10 & 10/25 (Texas Hold’Em): Daily 8k Leaderboard
1/2 & 2/5 (Texas Hold’Em): Daily 4k Leaderboard
25/50 & 50/100 (Texas Hold’Em): Daily 12k Leaderboard
5/10 & 10/25 (PLO-5): Daily 6k Leaderboard
25/50 & 50/100 (PLO-5): Daily 15k Leaderboard
1/2 & 2/5 (PLO-4): Daily 2k Leaderboard
10/25 & 25/50 (PLO-4): Daily 8k Leaderboard
It’s time to grind again on PokerBaazi, but this time, it’s going to have to be on the cash felts! Head over to the link below for more information about the Daily Cash Smash 2.0 and Leaderboards
For more information about the latest poker promotions and poker news, keep reading PokerShots!
It may not have originated in Ireland, but the phrase “the luck of the Irish” rings loudly in the country. According to The Irish Post, more money is spent, per capita, on gambling in Ireland than in almost all other countries around the world. Only in two countries – Australia and Singapore – is more spent hitting the slots and the tables than in Ireland.The media outlet doesn’t source its data, but indicates that the Irish love online gambling more than any other form. Online gambling spend is 60%, greatly superior to other forms gambling and sports gambling, which only accounts for 15% of the money. The lottery receives a 10% cut, the same amount given to gambling machines and slots. Casinos, of which Ireland has around 20, pick up 5% of the action.While Australia and Singapore may see more gambling spend per capita, Ireland is the hands-down winner in online gaming spend, with The Irish Post asserting, “Ireland takes the lead globally when it comes to online gambling.” It adds, “With almost 3 billion American dollars spent on gambling and betting every year, that means that each man, woman, and child in Ireland are spending roughly 500 [euros] ($607) annually on this type of entertainment.”The media outlet further indicates that online gambling is most popular in Ireland because the segment is more regulated. It cites “outdated laws” that some casinos are exploiting to attract attention, but the transparency and accountability afforded gamblers by online operators give them an edge. The Irish Post explains that, according to reports, many Irish would prefer to gamble in a British casino than in a domestic one, possibly as a result of the outdated laws.Even before the COVID-19 pandemic, the Irish loved to gamble online and the segment increased about 15% each year. Last year, with the coronavirus in full swing, the numbers jumped substantially and, with the introduction of live online casino games and live sports gambling, the online segment has skyrocketed in popularity. Online gambling is inarguably the future, looking down the road 20 to 30 years, but it’s never too early for casino operators to start preparing.Surprisingly, the U.S. ranks fifth in terms of per-capita gambling spend, even less than Finland. However, with a population of over 330 million, it’s the largest market available. $120 billion was spent on gambling in the country in 2019, while the Irish spent $2.7 billion through its population of less than five million.
ลาสเวกัสไม่สิ้นสุด … เราออกจากรอบคัดเลือก Intertops ในเกมสุดท้าย Barney เพิ่งทำลายความฝันของผู้เล่นและคว้าเงินกองกลางขนาดใหญ่! ทำให้ชิปเฉลี่ยของเขาอยู่ที่ระดับ 3 ประมาณ 3 เท่า! เขาสามารถนั่งลงและล่องในตำแหน่งที่ดีมองหาตำแหน่งที่ดีเพื่อกลั่นแกล้งผู้เล่นคนอื่นหรือรอชิปใหญ่ เขาเป็นเจ้าของมันมานานแล้ว แต่น่าเสียดายสำหรับเขาเมื่อเลเวลของเราสูงขึ้นเรื่อย ๆ การจับสลากตารางในฝันของเขาก็เปลี่ยนไป คำถามแรกมาจากคู่ต่อสู้หน้าใหม่ที่มุ่งมั่นและมุ่งมั่นเพียงไม่กี่คนจากนั้นก็มีการเปลี่ยนแปลงที่โหดร้ายในไม่ช้า! เขาออกมาก่อนเวลาที่จะแกว่งและวิ่งได้ดีมาก แต่เมื่อรวมกับการเปลี่ยนแปลงในโต๊ะและประสบการณ์อันยาวนานในการถูกการ์ดฆ่าสิ่งต่อไปคือ 8 ชั่วโมงต่อมาเรากำลังพยายามหาม่านบังตาขนาดใหญ่ 20 อันและความฝัน! น่าเสียดายที่ผู้เล่นคนอื่นของเราจาก Intertops, Balazs มีไพ่ที่ไม่ดีดังนั้นเขาจึงทำได้เพียงสแต็คสั้น ๆ และขัดเกลา เมื่อเขาดึงดูดทุกคนเข้ามาในเกมด้วยชุดใหญ่เขาไม่สามารถหาคู่ผสมที่จะพาเขากลับมาได้ในท้ายที่สุดเขาก็ฆ่าเขาและทำให้เขาออกเดินทาง เขามีความสุขมากที่ได้มีส่วนร่วมในเกมนี้ แต่ก็ผิดหวังอย่างเห็นได้ชัดจากผลงานของเขา แต่ในสนามโป๊กเกอร์ทัวร์นาเมนต์ที่โหดร้ายนี้ไม่มีอะไรที่คุณทำได้คุณก็ทำได้ดีในตำแหน่งนี้ ดังที่ Doug Polk กล่าวว่า: “บางครั้งในเกมนี่คือตอนที่คุณตาย” LOL แม้ว่า Ballaz จะหงุดหงิดในตอนแรก แต่เมื่อเขาไปที่โต๊ะเงินสดในภายหลังเมื่อฉันคุยกับเขาเขาดูพอใจมาก! ฮ่า ๆ เขาทำได้ดีมาก แต่ยังเหลือเวลาอีกไม่กี่วันในลาสเวกัสที่จะทำลายมัน ดังนั้นเลื่อนไปที่ลาสเวกัสได้ฟรียิงด้วย Milli Maker และเอาชนะวิญญาณบางส่วนในเกมเงินสดทั้งหมดนี้ก็ยังคงเป็นการเดินทางที่ดีทีเดียว) แม้ว่าบาลาซจะไม่ได้วิ่ง แต่เขาก็กำลังมองหา สำหรับพนักงานของ Barney และ Intertops เรายังคงเต็มไปด้วยความหวังและหยาดเหงื่อ มันเป็นคืนที่ยาวนานและตึงเครียดไพ่ของเขาไม่ดีโต๊ะแข็งและถูกบดขยี้เป็นเวลาหลายชั่วโมง เขายังคงกระตือรือร้นและอดทนต่อทุกสิ่ง! เขาไม่เพียง แต่จะยืนหยัดในยามค่ำคืนอย่างใด แต่เขาก็พร้อมสำหรับเกมในวันถัดไป! ! นี่เป็นกระเป๋าสองใบแรกในประวัติศาสตร์แน่นอนว่าไม่มีเกมไหนดีไปกว่านี้อีกแล้ว! ! เมื่อฟองเงินระดมทุนใกล้เข้ามาฉันแน่ใจว่ามันทำให้เขามีความคิดที่จะหลั่งอะดรีนาลีนและเขาต้องการที่จะจ่ายเงินให้กับงานใหญ่นี้! พูดตามตรงฉันไม่คิดว่าจะตื่นเต้นกับการแข่งขันโป๊กเกอร์มานานขนาดนี้! การทำงานเพื่อคนเหล่านี้สนุกกว่าการเข้าร่วมการแข่งขันด้วยตัวเอง! มันบ้ามากฉันตรวจสอบนาฬิกาการแข่งขันไปมาและตรวจสอบการอัปเดตทางออนไลน์ ฉันคลานไปรอบ ๆ ห้องพยายามหามุมที่ดีกว่าเพื่อดูกองชิปฉันอยู่ทุกที่! ฮ่า ๆ ดูฟองสบู่แตกในที่สุดผู้ชายของเราก็ทำเงินใน Milli Maker ได้มันน่าตกใจและน่าตื่นเต้นมาก! ว้าว! ! ! เขาพยายามอย่างเต็มที่ที่จะอดทนและพยายามอย่างกล้าหาญเพื่อให้ตัวเองกลับเข้าสู่เกม แต่นี่ไม่ใช่เจตนา เรามีช่วงเวลาที่ดี แต่ผลงานที่โดดเด่นของเขาจบลงแล้ว เขาจัดการเพื่อรักษาโอกาสในการจ้างงานสำหรับคนหลายร้อยคน แต่เงินเดือนของเขาเพิ่มขึ้นประมาณสองเท่าและเป็นเงินสดมากกว่า 2,000 ดอลลาร์ จึงไม่ใช่เรื่องเลวร้ายสำหรับเขา! มุ่งหน้าสู่ลาสเวกัส 2 ถุงในวันแรกรับเงินสด WSOP ประสบการณ์ดีๆและเรื่องราวดีๆ! เป็นความสุขที่ได้อยู่ร่วมกับคนเหล่านี้และมีส่วนร่วมในกิจกรรมนี้กับพวกเขาฉันหวังเป็นอย่างยิ่งว่าจะได้พบพวกเขาอีกในกิจกรรมครั้งต่อไปของเรา! โปรดติดตามแผนการต่อไปของ Intertops คุณอาจเข้าร่วมได้! ตอนนี้คุณสามารถติดตามผู้ชนะทั้งหมดชุดล่าสุดของเราได้หลังจากการแข่งขัน Velden ที่จะเริ่มในออสเตรีย! ดูวิดีโอ YouTube ที่นี่ดูบทสัมภาษณ์หนึ่งในผู้ชนะแบบเต็มและอย่าลืมติดตาม www.live-dream-poker.com สำหรับข้อมูลอัปเดตทั้งหมดจากต่างประเทศ! เรียกใช้ GoodTimP.s คุณสามารถดูบทสัมภาษณ์ของ Barneys บนช่อง YouTube ของเราและทบทวนการเดินทางของเรา!
เกม คาสิโน ได้เงินจริง
เกม คาสิโน ออนไลน์
คาสิโน ใหม่ ล่าสุด
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Odds courtesy of OddsShark.comThere are just two teams left in college basketball that are unbeaten, and they are the top-ranked Gonzaga Bulldogs of the West Coast Conference and No. 2 Baylor Bears of the Big 12. Neither program has won a national championship in the sport, but they are the two clear favorites to cut down the nets on April 5 at Lucas Oil Stadium in Indianapolis. Selection Sunday is March 14, with the First Four taking place on March 18.Gonzaga (+275) probably will reach the NCAA Tournament – which this season due to COVID is being played entirely in the greater Indianapolis area – unbeaten simply because the level of competition it faces in the WCC is rather weak overall. The Zags have two regular-season games left and both are at home: Thursday against Saint Mary’s and Saturday against San Diego. Gonzaga has won 47 straight games at home and 24 in a row overall dating to last season.The Bulldogs lead the nation in scoring (93.1 ppg) and shooting (55.1 percent). They are essentially a lock to be a No. 1 seed in the NCAA Tournament. Gonzaga reached the national title game in 2017 and lost to North Carolina. The Zags were the No. 1 overall seed in the NCAA men’s basketball selection committee’s mock bracket reveal Saturday.Baylor (+300) has played a tougher schedule than Gonzaga simply because the Big 12 is so much better than the West Coast Conference – the Bears and Zags were supposed to play on December 5 at a neutral site but it was postponed for COVID reasons. Baylor hasn’t taken the court since February 2 due to COVID issues in the program. It reached the national title game way back in 1948 but lost to a powerhouse Kentucky team coached by the legendary Adolph Rupp.The Big Ten hasn’t had a national champion since Michigan State in 2000 but has four legitimate contenders this season in Michigan (+800), Illinois (+1300), Ohio State (+1400) and Iowa (+1600).The Wolverines returned Sunday from a nearly month-long COVID break and won at then-No. 21 Wisconsin. The Hawkeyes have arguably the country’s most dominant player in senior Luka Garza, who ranks first nationally in scoring at 24.5 ppg. Last season, Garza was recognized as the National Player of the Year by six national media outlets and certainly will get similar recognition this year.
If you’ve never seen Dara O’Kearney and David Lappin hosting The Lock-In before, then you’ve already missed out on some of the best poker content that has been out there during your country’s version of lockdown. If that’s the case, then head here for a more general look at The Lock-In and enjoy the whole canon. If you’re already a confirmed fan, however (guilty as charged), then this week’s detailed look at the action between Doug Polk and Daniel Negreanu by the challenge’s winner – Polk if you’ve been living under a soundproofed rock at least a continent away from Las Vegas – is just for you. In it, Doug Polk answers a range of questions from the Irish poker legends as he goes deep in terms of analysing his win and talking the boys and viewers through how he did it. Crib notes – it was a lot of hard work. In this episode of the Lock-In, it would be easy for Lappin and O’Kearney to simply gloat at Negreanu, especially as the Canadian six-time WSOP bracelet winner was both ignorant and disparaging in equal measure to their award-winning podcast when The Chip Race (presented by the Irish duo) was given due credit by their peers at The Global Poker Awards of 2019. That they don’t is to their credit and the very reason why both The Chip Race and The Lock-In have become essential viewing over the last few years, with the questions both detailed and knowledgeable and the pace of the interview perfect for their subject, the eponymous Polk – to eulogise on exactly what went right and wrong. There’s not a sausage in sight and Polk is refreshingly honest and open about how he structured his attack on Negreanu and in breaking down the closing half of the challenge, we learn a lot about how even the best heads-up online players stay at the level they’re at – hours and hours (and more hours) of work. Polk’s success, of course, came to the tune of $1.2 million eventually, but that took a huge winning session in the last yards to mean a seven-figure win was confirmed and was done so with a modicum of humility by Polk. He was the player many saw as the aggressor early on, but opinions have rightly changed on that. Negreanu frequently believed that he played ‘perfect poker’, but Polk laughs at the very idea, admitting to making hundreds of errors as anyone would do in a massive heads-up challenge, even the best in the world. Polk is honest enough to admit that should the heads-up game have been live, then he may have been a marginal dog in the fight, but between the three men, they go into some great detail around exactly why this kind of game would not have been totally to Negreanu’s advantage had it gone ahead. Of course, had the pair arranged to play 25,000 live hands of heads-up poker, it’s likely we would be covering it by the time Donald Trump runs for U.S. President again in 2024. Don’t shake your head; it could happen. Polk is called ‘hyper aware of his weaknesses’ by David Lappin and in a complimentary fashion, which Polk responds to very well, taking the time to talk about ‘knowing what he doesn’t know’, and as he describes, he has always been perfectly prepared to look at solvers, analyse his play and be open enough to look at where he has been wrong. The more you watch of the episode, you more that you realise Polk’s strength in the challenge was actually to appreciate that every session is full of mistakes by both players and being ‘hyper-aware’ of that was the edge. If you haven’t seen the hour-long special, then it’s essential viewing and can be viewed right here: Doug Polk is pure gold throughout, but he’s helped more than adequately by two of the best presenters in poker. If only they weren’t so successful at the felt, we might be treated to O’Kearney and Lappin presenting the game on a more regular basis whenever live poker returns, because apart from high-beef content sausage proprietors, who wouldn’t watch them?
Lessons I’ve Learned at the World Championship
by Jennifer Shahade
The two-time US women’s chess champion, and PokerStars Mind Sports Ambassador Jennifer Shahade admits that her biggest highlight of this poker season was winning the TonyBet Open Face Chinese World Championship High Roller event. Not only was it the biggest live buy-in she ever played, it was also the biggest cash prize of her career.
Since the event was streamed live, the recorded video footage allowed Jennifer to analyze her own game and use it to teach others about OFC poker. In this piece Jennifer shares her thoughts on two hands she played during the tournament and looks at them in more detail.
At this point of the tournament I had Jason Mercier and Marek Kolk as my opponents. Jason is a really good player under pressure, he has a lot of experience. In Open Face Chinese I think he plays a bit more conservatively than average. Jason is also extremely dangerous under new formats and new situations, as he can adjust very quickly, being used to that from high stakes mixed games.
So considering many of the players were not as used to tournament format that could give Jason an edge. I didn’t know as much about Marek Kolk though from the few hands I played with him, he seemed more on the aggressive side and willing to take risks when it’s close, so he and Jason were presenting two very different aspects of the game here.
Just like in other forms of poker, sometimes a more conservative line and a more aggressive line can have similar equity, so in Open Face it’s about trying to figure out when your style is interfering with the correct mathematical choice. I’m not sure where I lie on the spectrum – I think I’m pretty good, of course. Though if I had to identify a leak in this respect, I’d say I am probably a bit too conservative/straightforward when my hand is bad.
When talking about this particular hand, I definitely would have played Queen on top, 2, 3 in the middle and 7, 4 in the back first to act, as Marek did. I can’t see another way to set my hand: 2, 4 in the middle and J, 5, 5 at the bottom seems totally standard, the jack is the perfect kicker for the back.
As for Jason’s hand, anyone who watches my Run It Once videos knows how partial I am to pairs over three-flushes. With all of the kings, tens and sixes live, I’d consider K, K, 6 in the back, ten in the middle and ace up top. Believe it or not we are over 50% to make a boat or quads in this spot, which sounds outrageous, but makes sense when you consider how it’s rather unusual that all of our kings and kickers are live.
It’s also very nice that our other kicker is so live too so we’ll make two pair in the middle quite comfortably. Of course his set is very well designed for fantasyland, though I think my way gets there quite often as well.
I think Marek’s hand was shaping up poorly compared to our hands. Presumably, he did not get a diamond, and Jason was very likely to complete his flush. Meanwhile, all my jacks and fives were live too, and there were still three aces live at the time, so he decided it was time to gamble.
I think I’d play it the same way though I don’t know his discard on the crucial pull where he decided to gamble for Fantasy Land.
I think the value of Fantasy Land is slightly less in three-handed play. As I discuss in my Run It Once videos, however, I think that in three-handed it’s also a little easier to get to it because we will have more information about which kickers will be live and which will be dead.
Whether or not to go for Fantasy late in the game is often a pure math problem! It became a bit more complex in the tournament format with short stacks though I normally believed that if I had a relatively short stack, it was even more profitable to gamble for Fantasy.
It’s also very relevant as to which position we’ll be in when we come out of Fantasy Land. It’s not that important to see our opponent’s first five cards when we set a Fantasy hand, it will only occasionally change our set. However, it’s quite important if we can find ourselves on the button after getting out of Fantasy, rather than “wasting” our button while we are in Fantasy.
A very important factor to consider before playing a live Open Face Chinese poker event is one’s physical and mental preparation. Because you have to play each and every hand, it is very different from Hold’em tournaments.
I had an event in London the day before the OFC High Roller, and I wasn’t confident that I’d be rested enough to play the 10K High Roller. I ended up changing my seat from an aisle to a window the night before, and slept the entire flight. If not for that, maybe I wouldn’t have ended up playing and taking home the biggest cash of my career and the belt!
I was so energized to be in beautiful Prague, and just before sundown, I texted my friend Warren Lush to see what he was up to and how the High Roller was going. He encouraged me to come out and play and I rushed to the tournament. All in all, a great example of the butterfly effect for me.
I also had a wonderful time at the tournament – I’d never played a so-called “High Roller” before, though I’d played 10Ks in Main Events, this was quite different. I noticed that ironically, the atmosphere was more informal and relaxed. I also thought the staff did an exceptional job, especially considering how late the tournament ran. And the food was amazing at Kings Casino, I’ll always remember the steak and champagne I had after winning. I’m missing Prague already!
“You have to have ZERO respect for a dollar when you play tournament poker!”This was the advice I received after busting a recent tourney. I was venting/reviewing with a friend, who is a much better player with A LOT more experience, and he was quick to hit me with this line. We were going over a particular series of hands from the 300k GTD at the Winstar river series in which I went from nursing a short stack for hours, to a sudden heater that propelled me up to almost chip leader at the table. It was a 4-5 hands blitz that had me feeling pretty amazing, but then on the 6th hand a found myself in a gross spot that could have( and probably should have) resulted in getting those new found chips all in! As I discussed the hand history, I mentioned to him that I felt the urge to “save” the chips I had just finally acquired after so patiently waiting all day! He immediately was no longer concerned with the hand history and went right into questioning my mindset and bankroll. “If you want to be a great poker player, you have to have ZERO respect for a dollar when you play poker…as bad as it sounds, it’s true and unfortunately, that’s why so many people become degenerates!” Yikes, straight to the point and brutally honest, but exactly I needed to hear! Suddenly, this seemingly basic hand history review had turned into an explosion of questions about the inner workings of my game! Why was I fearful to lose those chips? Had I been playing scared?“Different kind of playing scared!”The hand history itself was past around and I received several different viewpoints on it, but to this day, I’m still unsure what the correct play was lol So I think I’ll save that for another post, as the more important point was made, maybe THE most important point of my whole poker career!?Have I been letting the “money” effect my decisions?I think we’ve all heard that phrase about being numb to the money in poker. Win or lose, you can’t let the thought of what that money means to you in the real world influence your decisions at the table. All that should matter in the moment is making the correct play. If you bust, you bust. If it’s a tourney you just re-buy or play the next flight. In a cash game you simply reload at the table and move on the the next hand. It’s just standard practice for almost every player I know, myself included. Hell a few times I’ve witnessed friends fire over 10 bullets at a single tournament, with buy-ins ranging from $150 to $1650! I’ve also watched as they reach into their backpacks for another brick of hundreds after getting stacked for the 5th or 6th time. While I’m sure it seems absurd to most normal people,(and it should be) unfortunately for us poker players, that’s kinda just the way it goes sometimes. We chalked it up to variance, running bad, or being unlucky. We just call it a “standard” part of the game and move on. We aren’t being degens, the run bad is REAL, right?! lol“Nah, it’s definitely about the money…”Seriously who burns all that money!? lol Don’t listen to the Joker up there, its always about the money! Well of course, being the best poker player you can be should be the ultimate goal for any seriously player (Sending a message? lol). Hmmm, so I guess for poker players, this quote should say something like “Send them the message; It IS about the money! ” So by showing your skills as a player, you plan on beating them and taking their money!? lol;) All joking aside, at the end of the day, it’s about making money. It’s what makes the poker economy go round! If you play professionally, you need to be earning and saving money to support yourself and possibly your family. You can’t be blowing through 10 buy-ins every weekend, when that money could have been your mortgage payment! It may not be as serious for you if you’re a recreational player, but not making money still means you’re not WINNING and what’s the point of competing if you can’t WIN? So no matter Pro or Rec player, the question becomes; What separates a typical “poker player” and from being a true Gambler. Where do we draw the line? Are we being financially irresponsible or making sound poker decisions?!“Every beginning has an end…”After continuing to hear my friends advice repeat in my head every time I’ve sat down to play since that day lol I realized I had to take a l hard look in the mirror and ask myself; Am I a poker player or am I a DEGEN? I mean I like to think I’m still pretty tame compared to a lot of players out there. Never being THAT out of control, but I’ve clearly made my share of mistakes. I’ve re-bought when I knew I shouldn’t, I’ve played above my means, played in bad games, played too many games at once, etc. You name it, I’m sure I’ve done it at some point, but at least I’m finally here asking, why did I do it? Have I been making the correct plays every time and just getting unlucky or have I been blind to my errors and just convinced myself what i was doing was “standard” !? Why it has taken me this long to really stop and think about it!? To realize something needs to change?So many questions and only one answer comes to my mind…Bankroll Management. The problem and the solution are the same. For me, sound decision making in poker starts with sound Bank Roll Management. Also it’s the only real thing I can control to prove to myself that I’m a winning player. So in the next post I’ll discuss general bankroll management strategies, outline my plan, and officially kick off my Intertops Bankroll Challenge.Run GoodTimPS: use promo code TOK2017 with the link to help build you’re Roll!
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