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“What Can You Learn From Playing Poker?” answered by James Altucher

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James Altucher is a best selling author, hedge fund manager, entrepreneur and podcaster. His best selling book is “Choose yourself” where he suggests people to leave the often miserable life of cubicle jobs and come up with ideas for a new, better life. He has an entertaining style of writing, exposing himself completely and openly discussing his past failures, such as making $15m only to lose it…and this happened more than once.

He is also a Grand Master in chess and used to play poker a lot back in the day. Before the poker boom he frequented the Mayfair club in New York, the club which the movie Rounders is based upon. He has written poker related articles:

The Year I Did Nothing But Play Poker

Should You Learn Poker And Make a Lot of Money

Lessons I Learned From Poker

Recently he was asked the question ”What Can You Learn From Playing Poker?” on his Ask Altucher daily podcast where he answers listener’s questions. Check out the episode here

You can follow him on Twitter @jaltucher and he also has another podcast called “The James Altucher Show” where he interviews people that have mightily impressed him.


Check out two interesting poker rooms: PKR and Sky Poker!

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In poker you are always looking to find edges wherever you can (within the rules of course). One of the most popular ways is to spread your action on multiple poker sites so that you can always play in the best games available.

We have two not-so-well-known poker rooms available for you where the action is softer than on major sites: PKR and Sky Poker. Take advantage of these smaller sites before all the sharks move in!

As always, please don’t hesitate to contact us for more info at emeraldpokerdeals@gmail.com or Skype emeraldpokerdeals.

Don’t forget that on top of these you will get Nutblocker Silver VIP for free once you rake more than $1000….worth $229 with invaluable insights from our experts!

 

PKR

 

PKR 2D layout, also available in 3D

 

 

 

 

 

 

 

 

 

 

 

On PKR we can offer up to 42% Rakeback plus

  • First deposit bonus 200% up to $1,000
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Sign up for PKR here: Our PKR Offer

 

Sky Poker

 

Sky poker table view

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On Sky Poker we can offer up to 40% Rakeback plus

  • First deposit bonus 200% upto £500
  • Sky Poker £2,200 in Exclusive RTR Freerolls
  • The Chase – Up to $1,500 extra rakeback at Sky Poker

Find out more and sign up at Our Sky Poker Offer

 

 

Poker Player Snapshot – Full Tilt Player Ambassador Marc Kennedy

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XApW1ICeAbout You

 

1. What is your name, age and where are you located? What is your personal twitter account?

Marc Kennedy, 30 years old. I’m currently based in the U.K., my Twitter is @PlayinWitDreams

2. What are Your online poker Screen names?

I play under the username PlayinWitDreams on Full Tilt

3. How would you define yourself as a poker player? / What poker games do you normally play? Are you learning any new games?

I specialise in 3-6 handed No-Limit cash games, playing the vast majority of my volume at 400nl. I’ll play some tournaments now and again, especially if there is a big series on like FTOPS. I also play a little PLO. I’d like to learn some more 2-7 I haven’t played much but it seems like a fun game.

4. What do you most enjoy about your job?

I love that I make my living in a battle of brains. There is something so pure about putting your best strategy up against your opponent’s and seeing who comes out on top at the end of it all.

5. Who are the top 3 players in your main game from your home country in your personal opinion?

I don’t like to get into a who is the best debate. It’s so arbitrary and even if you can define the parameters, it changes frequently. Poker isn’t about who is the best, it’s about being the best you can be, whatever that may be. You don’t need to be the best to make money in this game.

6. What reg in your game do you respect most? Can you briefly describe why?

I respect anyone who pays their bills from money they win at poker and that is true for most of the regs in my games, so it’s hard to pick one guy. They all worked hard to get where they are now.

7. Besides yourself who do you think the most underrated poker player is?

Pretty much every mid-stakes+ online cash game player ever – poker media focus so much on tournaments and the fact is the guys you see on TV are not the best, not even close most of the time. If you beat the 400 Rush or 500 Zoom games for a good clip you’re absolutely world class in my book.

Past

 

1. Why and when did you start playing poker? Do you still play for the same reasons?

I was watching late night runs of the WPT back in the day probably around 2006/2007 and I saw Gus ripping it up and just thought this is too cool, these guys play cards for a living??!! It blew my mind and I wanted to get myself a piece of the pie.

I play primarily to pay the bills now but I still love what I do. Even if there are times I feel like jacking it all in, deep down I don’t know what I would do with out poker. It’s given me so many opportunities and so much freedom, I really feel like I found my ”calling” in life.

2. What were the best and worst months of your poker career? What happened?

The best month is probably around $65k and the worst maybe like -$15k. What happened…? Variance is what happened!

3. Are you satisfied with the last 12 months of your poker play?

I’m never satisfied, you can always play better. I can’t remember the last time I quit a session and didn’t think I could have done at least one thing ”better”.

4. How did Black Friday impact you? How did you adapt after Black Friday?

I was playing full-ring as my main game, that player pool had a disproportionate amount of Americans in it so I had to accelerate my transition to 6-max. I had already started learning a little before BF but I knew I had to focus much more time and effort to it after BF.

5. What was the biggest factor in your development as a player?

Love of the game – you’ll never get really good at anything in life if you don’t have a passion for it.

6. What was the biggest mistake(s) you have done as a poker player?

Probably never living in a ‘poker house’, I see how much that has helped some guys that I came up with.

7. What’s your biggest prop bet?

I’m not much of a prop betting guy – I’ve debated doing some stuff but people who know me would never give me action because they know I never quit.

 

Present

 

1. How do you prepare for your poker activities?

A cup of tea and a chocolate biscuit usually. My games don’t run 24/7 so I don’t have the luxury of being able to have an elaborate preparation plan, if the games fire up I’ve got to get in there pretty quickly because you never know how long they will run for.

2. If you could pick the brain of anyone in the world for 3 hours, who would he/she be?

Doug Polk – it’s not even close when it comes to poker.
Stephen Hawking for somebody outside of poker, I’m a bit of a Physics nerd! I would have picked Christopher Hitchens a few years ago but he has sadly passed away. It’s not often the death of a ”celebrity” hits me but the world really lost a great mind when he passed in 2011.

3. What 3 poker pros should PokerStars sign to their team online roster?

I’m not too familiar with the players on Stars anymore as I just play at Full Tilt (which has nothing to do with the Ambassador role I have btw, it’s always been my home site and where I feel most comfortable) – in general though they should sign people with impeccable integrity and who are willing to work to promote poker and interact with the public.

4. What is your favorite way to relieve stress when running bad?

Walking the dogs or going to the spa and using the steam room followed by an ice bath.

5. How much volume are you playing on Eurosites?

Zero.

6. Why are you not playing mid/high stakes already? If you are, what are the 3 most important things that got you there?

I started out at 400nl, I’ve never played more than a few thousand hands below 200nl, mostly just for making videos or Twitch streaming. I’ve played as high as 5000nl and I’d be happy to play higher stakes games again if they were available on Full Tilt in the Rush format. I can’t be bothered with the hassle of getting in regular high stakes games, Rush is just so convenient.

7. What is the most important positive change you’ve made to your poker approach this year?

Playing less volume now the Blackcard Competition has ended, it got pretty mental for a while and it’s much better to find some balance. I still plug a lot of hours because I’m a workaholic but it’s more on my own terms now, rather than being driven by the competition.

8. You were recently announced as Full Tilt Poker Player Ambassador. How do you see that role and what are your thoughts going forward with Full Tilt Poker?

I’m pumped, it’s no secret I’ve wanted to work with Full Tilt on a more permanent basis for a long time. There are some really good people behind the scenes and I enjoy meeting up with them both for work and socially as well. I’m excited to help improve the experience of players on the site by acting as a Poker Ambassador for the community so they can be sure their wants and desires are voiced to the people that can make them happen. I can’t promise more than to be their voice but it’s a role I’m taking very seriously and if I do my job in 12 months time Full Tilt will be a more exciting, more enjoyable site for regs and recreational players alike. I strongly encourage people to hit me up on Twitter @PlayinWitDreams or on my Twitch channel @MarcKennedy so I can get a feel for what people want to see from Full Tilt going forward. I think I’m pretty approachable and I have some time set aside every day to answer tweets/emails and PM’s, so don’t be shy.

 

Future

 

1. What are your poker and other goals for the next 12 months?

Win all the monies and play my part in returning Full Tilt to being the industry force it once was. I’d like to hit 1000 viewers on one of my Twitch Streams during the next 12 months – the first official one was a bigger success than I expected and people seem to really be responding to my style of content. It’s a lot more laid back and less gimmicky than some other Pro’s channels and I think there is a lot of people out there who appreciate that style.

2. Are you confident that you will meet those goals? Why?

I’m confident I’ll give it everything I’ve got – if that turns out to not be enough then so be it. I try to set big challenges for myself and taking that approach means inevitably you will fail sometimes but I can’t see the point in setting goals you know you can achieve. Life is supposed to be a challenge and it’s much more satisfying achieving something you thought you couldn’t do than something you were sure at the start you could.

3. Do you see yourself still playing poker in 10 years?

I don’t know, 10 years is a very long time, I try to live in the moment with one eye on the future.

4. Do you have any ambition to coach/teach other players?

I will be doing some coaching on my Twitch channel focused mostly on Micro and Small stakes players, I do private coaching through my website www.PlayinWitDreams.com for more advanced players, I haven’t had a ton of time over the last couple of years to coach but it’s something I enjoy doing with the right students and I think I have a lot to offer people coming up through the ranks. I would never want to get into a situation where I was coaching more than playing though, I love the action too much and it’s important to stay sharp so you know your providing value to students.

5. What’s the poker dream for you?

Choosing your own path and using your brain to get through life on your own terms.

6. How do you see the poker landscape changing in the next five years?

Tough one – I see poker beginning to grow again but a lot of it comes down to how the landscape develops in America and some of the other large population countries like China and India where poker isn’t too popular currently.

7. How much time are you putting into studying financial issues like investing. What are your preferred sources for this? What investments are you making with your poker winnings?

I’m going to plead the 5th on this one – I’d hate to think people would follow or emulate something I said I am invested in. My only advice would be always have a well diversified portfolio that encompasses both high risk and low risk investments and don’t disregard something because you don’t understand it immediately. The best opportunities are often disruptive ones and it can often be easy to dismiss them as crazy just because you don’t get it right away.

Other

 

1. Do you have any regular non-poker hobbies? Whats your favorite way to spend your spare time?

I like walking the dogs, I live near some hills and try to take them up there at least once a week. It’s a good feeling to stand on top of a hill and look out at the world below, gives you a sense of perspective that is easy to overlook when you’re in the hustle and bustle of daily life. I recently started doing some indoor climbing which is a lot of fun and some yoga but I like adrenaline fueled activities and new experiences so I like to test myself and try new things whenever I get the opportunity. I recently did some track day driving and that was an incredible buzz, I’ll definitely be looking to do that again soon.

2. If you could give you from five years ago (make it ten if over 30) one major piece of advice, what would it be?

Finish University, I dropped out in my final year to pursue poker. It worked out for me and knowing I didn’t have much to fall back on pushed me to succeed but it was a huge risk and a pretty stupid one to take. The poker landscape is very different now to when I started out, finish University and then see if you can make it as a Pro.

3. What are the 3 things everyone should have on their bucket list?

See as much of the world as you can reasonably afford to.
Take the opportunities that present themselves on your journeys.
Learn to love yourself for who you are but always strive to be better.

4. Do you follow any poker podcasts or poker players on Twitch?

Joe Ingram’s Poker Life Interviews/Podcasts are the stone cold nuts, I don’t have enough spare time to keep up with many others unfortunately. I like to get away from my screen when I’m not working as much as possible.

5. If you could change one thing with online poker, what would that be? What if you could change one thing with live poker?

I’d make the same change to both live and online poker -

Single buy-in level for cash games (my preference would be for 100bb or 150bb), I don’t think it’s right or fair that there are a range of buy-in options for cash games especially as wide as they are.

6. What is the best place and the best restaurant your have ever visited?

Place – New Zealand
Restaurant – Vue De Monde in Melbourne, Australia.

7. Who do you challenge to do the Poker Player Snapshot next and why?

Joe Ingram because I think it would be fun to see him being interviewed rather than interviewing others.

Shuller_A1t completes the 100bi challenge at PLO100 in 18 days!

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Alexey “Shuller_A1t” Altshuller started a challenge on July 10th with one goal mind: to win 100bi at PLO100 Zoom games in PokerStars. He was given 31 days to complete the challenge with odds 2:1 in his favor. He bet $16,350 against the bettors $32,700 that he would complete the challenge.

18 days later, Alexey finished the challenge in a remarkably convincing fashion. As you can see from the below graph, most of the winnings came from non-showdown winnings, thanks to his aggressive playing style.

Nutblocker caught up with Alexey after he had completed the challenge:

Nutblocker: Congrats on completing the challenge! Was it harder than you initially thought it would be?

Alexey: I had a really fast start, so I was always ahead of pace, which made me fairly confident in the end result all the way through. It was however a lot harder psychologically than I expected it to be, probably because I took it really seriously and was constantly stressed out. I also had some crazy swingy sessions – losing and winning up to 25bi in a span of few hours, but I guess that’s just the nature of the game itself as well as my playing style.

Nutblocker: What would be your 2 tips for small stakes grinders to crush PLO100 Zoom?

Alexey: I think the major share of profit in these games has to come out of non-showdown winnings. Everyone is playing way too tight and arent responding properly to aggression. So if I could give one piece of advice it would be to try to apply maximum pressure in spots where the board doesnt connect very well with opponent’s tight range.

Nutblocker: What are your next plans, back to grinding midstakes? Any more prop bets in the horizon?

Alexey: As for my plans, I’ve been receiving a ton of coaching requests throughout the bet, so I’m probably going to spend a lot of my time on that in the near future. Plus I’m going to try to go back to midstakes and hope I can adjust well to the differences between those games and PLO100.

Full Tilt Poker major changes – part 1

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Full Tilt Poker announced a while back that there will be some major changes to their poker game offer. They have now rolled out the first patch of changes, as announced on TwoPlusTw Poker forums.

The first major changes are all about ring games:

  • Ring game lobby in general: Players no longer see individual tables and if they wish to join a game, they will be automatically seated at an available table once at least 3 players are present. So no more table selection ad the ring game lobby will resemble more like Rush Poker lobby.
  • HU games have been removed completely.
  • Stud/Draw/Mixed games have all been removed from the offer.
  • Nosebleed stakes have also been completely removed.

It’s easy to say that these are no minor changes and next up FTP is looking to make some major changes to their rewards program. Those changes will be annouced later on. Also SNG games will go through a makeover at a later stage.

Read the entire announcement with all the details here : New Unofficial Full Tilt Feedback Thread

JNandezPoker Twitch –“Create a better future for online poker” @JNandezPoker

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JNandez has been making videos for RunItOnce.com poker training site for a while and now he’s going Twitch! He plays mainly mid to high stakes PLO. He has played PLO since 2011 and reached the SuperNova Elite status on PokerStars in 2013. He’s a man on a mission:

CK4IEbOUMAAvT4i

He describes himself on Twitter as “Professional Poker Player and Coach – Twitch Streamer, Gym Rat & Business Man” and judging by his tweets, is also an avid reader. Make sure to follow him at @JNandezPoker

You can follow his Twitch streams at http://www.twitch.tv/jnandezpoker where he has a full plate in front of him.

Here’s the schedule for the first week:

CK4K79ZUsAEY3

August newsletter

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One last summer month, then it’s time to get back to grind full-time.

Don’t forget to check out our Rakeback offers at http://nutblocker.rakebackpartners.com/ There are a number of very attractive promotions and rake races for all grinders.

Here’s our offer from July:

 

Poker Player Snapshot

 

Poker Player Snapshot: Jamie “Jamie_KK” Kang – “Padooki is a sick action game that I’m sure most PLO guys would love.”

Poker Player Snapshot: Pal “Zsipali” Zsibrita – “Decrease plo rake for sure.”

Poker Player Snapshot: Sascha “xaxa” Alexas – “Black Friday was the beat of my life.”

Poker Player Snapshot – Full Tilt Player Ambassador Marc Kennedy

 

Prop bets

 

Shuller_A1t PLO challenge “100bi in 31days” for $50k is off to a hot start!

Shuller_A1t halfway there after 6/31 days to finish 100bi challenge at PLO100 Zoom for $50k

Shuller_A1t completes the 100bi challenge at PLO100 in 18 days!

 

Podcasts

 

“What Can You Learn From Playing Poker?” answered by James Altucher

 

News

 

Anthony Zinno ships the PLO High Roller $25k bracelet

888 acquiring PartyPoker is good news for poker, Alexandre Dreyfus explains why

Check out two interesting poker rooms: PKR and Sky Poker!

Full Tilt Poker major changes – part 1

JNandezPoker Twitch – “Create a better future for online poker”

 

 

 

 

€50 Bankroll without depositing at William Hill for Nutblocker members!

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€50 free at William Hill for new players at Nutblocker!

Sign up to William Hill through Nutblocker Rakeback and get fifty euros without having to deposit!

That’s right – no strings attached at all.

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This is all in addition to the normal Welcome Pack that you receive when you sign up at William Hill.

Don’t forget that you will also be eligible for Nutblocker Silver VIP once you have raked $1000!

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Tyler “gogol’s nose” Forrester on Joey Ingram podcast

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Tyler “gogol’s nose” Forrester is a long-time successful midstakes NLHE grinder. He makes popular videos for RunItOnce.com and now Joey invited him to his Poker Life podcast for a 2 hour plus chat.

Tyler’s approach to poker is very business-like, avoiding big risks and grinding money at the midstakes tables with a solid winrate and a relentless work ethic. He may not be the poker’s brightest star at the moment, but he’s definitely a big time success story.

Here are some of the topics covered in the Poker Life podcast

  • Poker as a profession
  • GTO play
  • The current state of the NLHE midstakes games
  • 52/48
  • Living abroad as a US poker player; Canada, Mexico, Costa Rica
  • Making RIO videos
  • Life in Montana
  • NLHE midstakes power rankings
  • GTO ethnic mix for a baby
  • what it takes to make it in poker these days
  • reading books

Watch the entire podcast episode here:

Durrrr/Jungleman heads-up challenge to resume finally

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Tom “durrrr” Dwan and Dan “jungleman” Cates started their bet already years ago, before Black Friday. It’s been a long wait for the railbirds with many bumps on the road as the challenge was already set to resume in 2013 after being stalled due to various issues.

It all began in 2010 in when Dwan offered a heads-up challenge for $500,000 with 3-1 odds. So if you beat durrrr heads-up, he’ll pay you $1,500,000 and you “only” lose $500,000 should he beat you. The challenge is 50,000 hands long.

Durrrr and jungleman have played roughly half of the required hands and jungleman holds a steady lead.

A recent 2+2 post shines more light into the challenge, as Cates writes:

“We have completed 25k hands roughly. Tom and I have had some disputes but I believe we have essentially resolved them. The challenge is agreed to be played out in the next 9 months (God-willing). I think tom intends on finishing the challenge but has been distracted by things of great importance… In addition Black Friday greatly hindered our progress.”

He goes on to explain the difficulties a bit more

“Such as a large dilemma with pokerstars/full tilt, and the Feds arresting Paul and richard”
“Then we also had issues but resolved them as of lately”

It is not yet decided where they would finish the challenge as Full Tilt no longer has high stakes tables. PokerStars would be a naturally option, but it remains to be seem what happens with the challenge. You can keep up with updates on the 2+2 thread Official Durrrr Jungleman Thread.

It’s been a wild ride so far with lots of speculation on durrrr’s finances and current state of affairs, as he has spent most of his time in Macau playing live cash games.

Nutblocker will keep updating the situation on the challenge, so stay tuned!

Jason Somerville partners up with Twitch on a 2-year deal

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Jason “jcarverpoker” Somerville announced on Twitter that he has signed a 2-year partnership that keeps the most popular poker streamer on Twitch until mid-2017.

2015-08-08_09-52-51

 

You can find Jason’s Twitch streams at http://www.twitch.tv/jcarverpoker

He is also a PokerStars pro, has won a WSOP bracelet and hosts immensily popular Run It Up show, which can be found at http://runitup.com/Highstakesdb.com reports in their article that “In total, over 3 million different people tuned in to his PokerStars sponsored second season of Run It Up from March through May, and as a result he quickly amassed over 100,000 followers – a monumental success where pushing the online game into unchartered territory is concerned.”

Twitch.tv is a popular gaming streaming site where gamers across video game world stream their play for other people to watch. It has been especially popular in the computer game world, but now other games, such as poker, are gaining popularity fast.

iPoker merged Tier 1 and 2 liquidity pools

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Pokerstrategy reported last week that iPoker is to merge their tier 1 and 2 liquidity pools on August 11th. This mostly concerns NLHE ring games and SNGs as PLO player pool has been shared between the tier 1 and 2 all along. iPoker divided its player pool in 2012 to stop smaller iPoker operators to survive only by offering massive rakeback without contributing to the acquisition of new players into the player pool.

Earlier this year iPoker introduced Source Based Rake model to better serve their recretional players when it comes to player rewards and not only focus on mass tabling grinders. iPoker’s goal is to making its network more recretional friendly and have their massive sportsbooks drive more action to poker  tables.

iPoker will introduce a new software platform later this year, read more about it here.

Don’t forget that Nutblocker offers great value on our iPoker deals and naturally we offer very lucrative deals across the online poker world! Check out our deals at http://nutblocker.rakebackpartners.com/ and contact us at emeraldpokerdeals@gmail.com or emeraldpokerdeals on Skype for personal assistance.

Good luck in the new, bigger iPoker player pool!

Alexey “Shuller_A1t” Altshuller on Joe Ingram podcast

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Alexey “Shuller_A1t” has been lately very active in the PLO world and this time he sat down with the prolific poker podcaster Joey Ingram to chat about what’s going on with Alexey. Alexey has been featured on the Nutblocker Poker Player Snapshot. He made some noise in July by completing his ambitious prop bet of winning 100 buy-ins at PLO 0.5/$1 in 31 days, you can read more about it here.

Here are some of the topics that Alexey and Joey covered on the podcast:

  • the prop bet experience
  • how to beat small stakes games
  • healthy poker economy
  • Russian bots on PokerStars
  • poker plans after the prop bet
  • forhayley journey and motivation
  • life and poker
  • Russian girl grind
  • impressions
  • posting on 2p2 and the forum culture

Watch the entire episode here:

 

 

 

Poker Player Snapshot: Tyler “Gogol’s Nose” Forrester –“We’re going to see much more sophisticated regulars”

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Picture1About You

 

1. What is your name, age and where are you located? What is your personal twitter account?

Tyler Forrester, 31, Bozeman MT, twitterless

2. What are Your online poker Screen names?

Gogol’s Nose (Pokerstars)

3. How would you define yourself as a poker player? / What poker games do you normally play? Are you learning any new games?

I’m a Texas Hold’em NL midstakes cash game player, playing anywhere from 2/4NL to 5/10NL. I’ve been learning to play Omaha. However having 4 cards in my hand is so much more challenging than having 2.

4. What do you most enjoy about your job?

The intellectual challenge of learning to play really well.

5. Who are the top 3 players in your main game from your home country in your personal opinion?

1. King10clubs – year in and year out grinds out a large volume at a high winrate. Super impressive work ethic.
2. Nanonoko – master multitabler: no one plays as many tables as Nanonoko or wins as much money.
3. Nagoya2005- very tough opponent with a unique style.

6. What reg in your game do you respect most? Can you briefly describe why?

King10clubs – His work ethic is exceptional and his skill as a poker player unrivaled.

7. Besides yourself who do you think the most underrated poker player is?

Nagoya2005 – He’s been crushing souls for years now, but I don’t hear much about him in the poker press.

 

picture4Past

 

1. Why and when did you start playing poker? Do you still play for the same reasons?

I starting playing poker at the age of 7 with my father. He had run a card table in his youth so he knew how to play Texas Hold’em. I began to play more seriously in college in 2004. I enjoyed the competitive nature of the game. I’ve always been good at math, so it was a great fit. I still play for competitive reasons. Though having to pay the bills with my poker money changed my perspective on what games I was willing to play.

2. What were the best and worst months of your poker career? What happened?

The best month of my poker career was in April 2007 when I won 125K in Cash Games. The worst month of my poker career was April 2011, losing to the ability to play from my home wasn’t ideal.

3. Are you satisfied with the last 12 months of your poker play?

Yes, it’s been surprising how much my games have changed in 12 months, but that’s poker. It always an adventure.

4. How did Black Friday impact you? How did you adapt after Black Friday?

As I referenced above, since I could not play from Montana anymore, I hit the road. I spent the rest of 2011 in Canada, 2012 in Costa Rica, 2013 in Canada, 2014 in Mexico and Canada. This June was the first time I’ve had a house in the U.S. since Black Friday.

5. What was the biggest factor in your development as a player?

Reading Mathematics of Poker in 2007: It revolutionized the way I played the game. It was the first book that viewed a poker range as a number line. That’s a huge advantage – understanding mathematically why you should value bet a certain hand or bluff another.

6. What was the biggest mistake(s) you have done as a poker player?

Not taking enough risk. I played Mid Stakes with a very high winrate for many years. Players with similar winrates to mine at Mid Stakes did very well play High Stakes. I should have moved up more aggressively.

7. What’s your biggest prop bet?

As you can imagine by the previous answer – not very large. I lost a fifty dollar bet on Matt Damon’s age. He apparently wasn’t 40 in 2007.

 

Present

 

1. How do you prepare for your poker activities?

I usually spend lots of time thinking about poker, in particular trying to figure out if I actually made a mistake in a spot. This usually involves me trying to model this situation using CREV or excel.

2. If you could pick the brain of anyone in the world for 3 hours, who would he/she be?

Pope Francis – He has some very interesting views on morality and western society. I’d be fascinated to sit down with someone who has spent his whole life thinking about what it means to be human.

3. What 3 poker pros should PokerStars sign to their team online roster?

I don’t feel qualified to answer the question. We really want Pokerstars Pros to appeal to recreational players and I am about the furthest one can be from a recreational player.

4. What is your favorite way to relieve stress when running bad?

Going for a long run clears my mind.

5. How much volume are you playing on Eurosites?

Hardly any. As an American it is hard to move money in between sites.

6. Why are you not playing mid/high stakes already? If you are, what are the 3 most important things that got you there?

Obsession – you have to love what you do and you have to spend many hours doing it.

Stubbornness – I lost my first several deposits to online poker sites, but I knew if I kept playing I could beat it.

Deliberate Practice – I always ask “Why did I lose?” , then I ask “How can I fix it?”

7. What is the most important positive change you’ve made to your poker approach this year?

The most positive change I’ve made is realizing that the poker game is played over years. It takes many hands to play a full game of poker. This means day to day results aren’t relevant to success.

 

Picture3Future

 

1. What are your poker and other goals for the next 12 months?

My current goal is to settle down in the U.S. with my wife and keep a regular job. It’s the time in my life to settle down and raise a family.

2. Are you confident that you will meet those goals? Why?

Yes, because we signed lease and I got job offer.

3. Do you see yourself still playing poker in 10 years?

Yes, but recreationally.

4. Do you have any ambition to coach/teach other players?

I’m currently produce videos for RunItOnce and coach a small but growing group of students.

5. What’s the poker dream for you?

My poker dream was being able to travel the world and having a lot of freedom to do the things I wanted to do at a young age. I’ve been very fortunate to be a poker player the last 10 years. Its provided an amazing amount of freedom.

6. How do you see the poker landscape changing in the next five years?

We’re going to see much more sophisticated regulars. The advancements in computer poker and statistical data available to the player while playing is going to make the average regular a much stronger regular than we’ve seen in the past.

7. How much time are you putting into studying financial issues like investing. What are your preferred sources for this? What investments are you making with your poker winnings?

I see poker playing as short-term investing. I spend the majority of my time thinking about how to maximize my profits whether as poker player or an investor. I appreciated the Coursera: Intro Finance class for basic money theory. Most of good investing is understanding returns as EV. Most of my investments are in rental properties. My father owned a rental management company for many years, so it was a natural fit.

 

Picture2Other

 

1. Do you have any regular non-poker hobbies? Whats your favorite way to spend your spare time?

I enjoy traveling and hiking around the mountains in my home state of Montana.

I play a lot of chess, I find it intellectually and competitively challenging. It has a lot of the same attributes as poker and it keeps me sharp.

I have always been an avid reader, I like to read about behavioral economics, psychology and current affairs – understanding how people see the world fascinates me. If I have some time after that I like to indulge in fantasy books. My two favorite series are Robert Jordan’s Wheel of Time and George R. R. Martin’s Game of Thrones.

I like to run, especially after a long session to clear out my head. I’ve also recently taken up cooking as a way to spend more time with my wife.

2. If you could give you from five years ago (make it ten if over 30) one major piece of advice, what would it be?

I think 20-year-old Tyler made good decisions. I’m very happy with my life.

3. What are the 3 things everyone should have on their bucket list?

1. Fall in Love
2. Raise Children
3. Be part of something bigger than yourself

4. Do you follow any poker podcasts or poker players on Twitch?

I really enjoy watching Nanonoko play on Twitch and of course any player I regularly play. For podcasts, I tend to follow guests rather than interviewers. Some guests that interest me include Ben Sulsky, Jungleman, Ben86, and Phil Galfond. It’s exciting to hear people who have spent hours and hours playing and thinking about poker talk about their experiences.

5. If you could change one thing with online poker, what would that be? What if you could change one thing with live poker?

I’d legalize online poker in America. I can play gin rummy for money. Why can’t I play Texas Hold’em? For live poker, I’d make it easier to play more hands per hour. I love meeting people playing live poker, but I can’t justify playing it from a business perspective.

6. What is the best place and the best restaurant your have ever visited?

The best place I’ve ever visited was Puerto Viejo in Costa Rica, there are beautiful beaches and an amazing sloth sanctuary. We watched a gorgeous sunrise there over the Atlantic Ocean and then drove back to Jaco, Costa Rica (where we were living at the time) and got the chance to watch a breathtaking sunset over the Pacific that night.

One of my favorite parts of being a successful poker player is having enough money to eat sushi regularly, so I’d have to say the best restaurant I’ve visited was a hole-in-the wall sushi restaurant in the Tsukiji fish market in Tokyo. It had the most amazing tasting blowfish, eel, and tuna!

7. Who do you challenge to do the Poker Player Snapshot next and why?

Daniel Cates (Jungleman). I’m super fascinated to hear from the best players in the game. And he’s been at the top for a very long time.

FTP Changes part 2 – FTP revamping its Reward program

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Full Tilt Poker is going through changes with their Reward scheme as part of the big changes released on the site. We earlier reported changes in the game offer: Full Tilt Poker major changes – part 1.

As per FTP statement:

“Time for us to show our hand on our next big change: the introduction of Players Club, the evolution of the Edge VIP rewards program and your chance to win the lion’s share of big progressive jackpots on an ongoing basis.”

Players Club is a new take on online poker loyalty programs. Right now, the vast majority of players gain very little benefit from rewards schemes because they primarily reward the players that put in the most volume. We are breaking that mould to ensure that more players receive more rewards and more entertainment than ever before.

All Full Tilt players will automatically be part of Players Club once the changes are launched. At the heart of Players Club rewards will be a brand new game called The Deal. It’s fun, fast action and there are all kinds of prizes up for grabs, from tickets and cash all the way up to a progressive jackpot that we’ll kick start at $100,000. We’ve crafted the entire experience in such a way that if you’re an average player playing an average session, you’ll get a shot at that jackpot pretty much every single time you play.

The new jackpot game is only one of an entire suite of rewards available to members of Players Club:

  • We’re more than doubling what we give away in our freeroll tournaments.
  • Mystery prizes will be awarded to those who play a few times a week.
  • There will be daily added-money tournaments open to Players Club members.
  • In the first month after Players Club launches, we’ll bump these rewards even more to ensure all players get to enjoy the new benefits, with over $200,000 in added value.”

It’ll be interesting to see if these changes will boost FTP traffic in the future.

 


LarsLuzak on his recent 200/400 PLO games vs Isildur1 and Ravenswood13

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Sami “LarsLuzak” Kelopuro found himself playing with Viktor “Isildur1″ Blom and Ravenswood13 at the highest PLO games available online when they battled in the $200/$400 games on PokerStars recently.

According to LarsLuzak forum blog (in Finnish) these are the biggest games he has played in a long while. Kelopuro has played the last 3 years almost exclusively online, dabbling in the PLO cash games and tournaments, where he has had some nice success.

Kelopuro writes:

“When you normally play $10/$20 and $25/$50, these games feel like from another planet when $100k moves in either direction like it’s nothing. At the peak I was winning $200k but then I hit a downturn. Finished with only +$65k, when I saw it’s best to quit so that I won’t end up feeling bad. These games can hurt you really bad, seems like Ravenswood lost $345k, which is not even that much in these types of games.”

He also linked two of his biggest pots:

https://www.weaktight.com/h/55d8afdcd390434a1f8b46e8

“This is a party. $125k pot with 0% equity. np. gg. I just didn’t feel like having any equity in the biggest pot of the year. I could check back flop because he check-raises so much. Then again it’s a nice hand to barrel with when we are this deep and the made is A6 high. He has a wide range here which have considerable equity against my hand on the turn so I can’t see any other option but the shove in the rest there. By calling there would be exactly a pot-sized bet left and on blanks I would have to call anyway. Certainly on this river where I would have saved the rest and at least in theory from bluff you could make some money by calling. But again,  I see it as best to make him call the turn. I will only lose to one hand to which I have a blocker. And 86 is not the most logical hit. J or more specifically J of diamonds would hit his semibluff range the best,  I think. T, 8 and 6 also hit him better than the 5. At least I assume that he will play all T8 hands like that. And I think also most of the flush draws.”

https://www.weaktight.com/h/55d8b18ed390436b7c8b471d

“Feels like I’m pushing a small equity edge preflop. I don’t think he believes me 4betting super wide here when he only calls. I believe he would 4bet AA/KK himself. Sure in dollar terms it’s a huge gamble to push as a small equity favorite. Or as a presumed favorite. He might even fold against a 4bet sometimes. Sometimes he has middling rundowns which I dominate. This is from the first session so the rungood gods gave me an appropriate flop and Isil pushed the flop with little equity.”

Nutblocker hopes that there will be more to report from the bug PLO games in the future!

Source: pokeritieto.com

New PLO prop bet brewing, goal: 300k VPP and profit at PLO100-PLO500

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There’s a new prop bet brewing on TwoPlusTwo forums right after, Alexey “Shuller_A1t” Altshuller finished his bet.

User “szefMateusz is suggesting a bet where he would have to earn 300,000 VPP points on Pokerstars in 31 days AND he would have to make a profit of $0,01 to complete the bet successfully. He is willing to risk $15,000 of his own money with the 5:1 in his favor.

He has not sold out the action yet entirely so it’s still unsure if he will go for the challenge…but if you want to bet against him, you can still do at the TwoPlusTwo thread PLO PROP BET: 300k VPP and making profit plo100-plo500.

Here’s his graph of PLO200 play from the past 14 months:

Nutblocker certainly hopes this prop bet happens and gets more people involved with PLO!

Paddy Power and Betfair to merge on £5bn deal

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The consolidation of poker operators continue with the merger of Paddy Power and Betfair (IPoker), two British gambling industry giants. The deal is not done yet, but according to SBC report, the two companies have agreed to merger in principle: “The firms said that the possible merger would create one of the world’s largest public online betting and gaming companies by revenue with enlarged scale, capability and distinctive and complementary brands. They argue that the combination has ‘compelling strategic logic’ and represents an attractive opportunity for both companies to enhance their position in online betting and gaming and to deliver synergies, customer benefits and shareholder value.”

BBC reports that “Paddy Power shareholders would own 52% of the combined business, with Betfair investors owning the remaining 48%. [...] The new group would be the UK online market leader with a 16% share, according to industry data, passing a merged Ladbrokes/Coral on 14%, as well as William Hill and the privately owned Bet365. Shares in Betfair soared 17% to £30.60 on Wednesday, while Paddy Power jumped more than 18% in Dublin.”

The merger comes in the tailwind of consolidation of the poker market. Nutblocker reported in July about the 888 buyout of PartyPoker and last month Ladbrokes and Coral (IPoker) announced their merger as well. While the companies offer many other services besides online poker, it’s interesting to see what these mergers and acquisitions can produce for the poker market. PokerStars has been the market leader, almost a monopoly, in the recent years. It would be refreshing to see serious competition for PokerStars and thus see the market evolve and bring in new players to a online poker market ran by big, reliable operators.

High Stakes PLO action is back @PokerStars with Isildur1, @Joeingram1 covers it!

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The high stakes PLO action is back on Pokerstars! The action has been active at the $200/$400 tables despite many of the poker players attending EPT Spain tournament event.

The action has been sparked by the re-emergance of Viktor “Isildur1″ Blom. He’s been battling against players like Ravenswood13, WithColor, LarsLuzak and Cumicon. Isildur is on a million dollar upswing so the action is not likely dry up in the coming days.

Joey Ingram has been covering the action on his podcast, check out the latest podcasts here:

Dani “Ansky” Stern in 18k€ controversy at Casino Barcelona cash table during EPT

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Barcelona stirs up controversy again in the poker world during this year’s EPT. In 2013 Jens “Jeans” Kyllönen reported that his hotel room was entered and malicious software installed in his computer enabling the criminals to see his computer screen from a remote computer. Jeans reported the incident on TwoPlusTwo poker forums thread My unbelievable EPT Barcelona story. Hotel rooms in arts barcelona broken into to plant trojans. 

This week, Dani “Ansky” Stern (read his Poker Player Snapshot) got into middle of controversial decision by the Barcelona Casino floorman during a high stakes cash game running during EPT Barcelona.  He tells the full story in the TwoPlusTwo thread Cheated out of €18k at Casino Barcelona:

“This is my best attempt at a comprehensive summary of what just unfolded at the casino at EPT Barcelona. There were several other people there who can verify that everything I have written happened exactly as I said. Just putting this out there as a precaution to anyone who plays at this casino. The cash games here are not run by Stars to be clear. This is in the casino where the event is being held, but the cash games are run by the casino. 

We are playing €100/€200 PLO in the high stakes section of the poker room. Two players limp in EP, I make it 1100 with KhKcJd9d in MP, Juha Helppi calls in the CO, Bullitos calls after him in the SB, and an older Spanish guy pots it to 5900 from the BB. The sizing might be a tiny bit off, but not by more than 300. Limpers fold, I call, Juha calls and Bullitos does as well. The pot is roughly 24k. 

The flop is Ks9s7x. Bullitos checks, BB shoves for slightly over 10k, I jam for around 40k, Juha folds, and Bullitos calls all in for around 4k-5k. At this point we tell the dealer to stop so we can discuss running it twice. I was concerned with the language barrier so several times I clarified that we were running it twice for the whole pot. I specifically said the whole pot, run it twice, so that there would be no confusion. We all agree. 

The first board runs out Ks9s7x As 4x. Second board runs out 7x 6x. BB shows AAxx, and I table my hand. Bullitos has a wrap which gets scooped. So at this point we should be chopping up Bullitos’ money as well as the main pot, and each taking back our money for the side pot. In total the main pot has around 36k in it after the flop action, so my share should be 18k. This is when the chaos starts.

The Spanish guy now claims that the casino has a rule that you can only run it twice in heads up pots, and that for multi way pots running it twice is forbidden. Because of this, he is claiming that running it twice is only valid for the side pot, and that only the first board counts for the main pot. At this point there is a huge crowd gathered, and there is lots of yelling in both English and Spanish. The dealer is a bit overwhelmed and is just kind of sitting there doing nothing, and the BB then walks away to go get a floor guy. He appears to be a local and to know the staff, but I will admit that is just my read of the stiation and I don’t know that for sure. 

Eventually the floor guy comes over and takes stock of the situation and rules in my favor, saying that because we all agreed to run it twice, it was valid for the entire pot. Then they summon what appeared to be a higher up floor guy, who ruled against me. He said that because the house rule is that running it twice in mutli way pots is forbidden, that the entire main pot is awarded to the BB with AA. 

Thomas Bichon, Bullitos, and especially Juha were all arguing with the floor that we agreed to run it twice, and that this guy was angling, and by ruling in his favor they are explicitly supporting cheating. I brought up the following scenario to the floor, and demanded that he get an answer from the BB. What if the board run outs were reversed, and I won the first run out and lost the second? What would happen then? I clearly didn’t know about this rule and would never have claimed the entire pot for myself. He seemed to understand that that was the key point, but still didn’t change his ruling. He asked the BB (in Spanish which I don’t understand well enough to follow what they were saying) the same question, and apparently his response was that he had no agreement on running it twice in the main pot. This was a very blatant lie, and everyone at the table who spoke English was in agreement that he was lying. 

Juha was especially angry at the situation, and said he was going to take a picture. I’m not sure if he intended to take a picture of the player who was angling, or the floor, but either way the floor told him that if he took a picture he would be banned from the casino. Juha then asked the floor what his name was, and he refused to tell him. Juha asked several more times and the floor kept saying that his name was “poker manager.” No one on the staff was willing to give their name or any kind of a business card, and seemed very intent on shutting all of the foreign players up. 

After all of this the floor instructed the dealer to ship the pot to the BB, and that the argument was over. Despite this still being a great game, I was too shocked and too pissed off to continue playing and left. 

Anyway that is what happened, I think Juha will come to the thread to chime in as well.”

Ansky continues in a later post:

“To be clear this was not the first time it had been ran twice at this table, including multi way all ins. We had been running it twice all night, and many times that included multi way all ins and no one said anything. 

This is what some people don’t seem to understand. There is an implicit understanding of the rules happening here. When a player sees other players running it twice in 3 way all ins, and the pot being chopped up after, he should expect that it is within the rules. A rule that is only enforced when it benefits the local player is not much of a rule. It is not right that all the players are watching 3 way all ins, and the one Spanish player knows he can sit and wait for the opportunity to angle the foreigners when he finally gets in a 3 way all in with a side pot.”

Poster “Irieguy” chimed in with a good comment:

Dani, 

This sucks and I am sorry to hear that things went down the way they did. But at least it creates an opportunity to highlight what is actually a pretty common general source of controversy and pain in both public and private poker rooms.

Running it twice is essentially a gentleman’s agreement, and is best suited for gentlemen. There are several practices at the poker table that are frequently conducted in a similar spirit: last-longers, flop props, and even chops or deals in tournaments. Most of the time, gentlemen’s agreements work out even with strangers. So the familiarity and ubiquity of the practices create a false sense of security. But if you play poker long enough, you will be angle-shot or downright cheated in each of these circumstances. While there are exceptions, the casino cannot usually be counted on to enforce the gentleman’s side of any of these arrangements. I’m actually surprised that you’ve never had a run-it-twice controversy before. 

I think it is a pretty good idea to avoid all of these things with strangers. No last longers, no flop props, no deals, and no running it twice. It’s guaranteed to save you grief, and none of these practices earn you any real money anyway. This isn’t a criticism of you personally, I almost certainly would have done the exact same thing and felt the exact same way. But hopefully this will help to remind me of what we all already know. It’s the gambler’s version of “protect yourself at all times.”

The conversation in the thread continues with most posters siding with Ansky that he got cheated or at least angled, some posters even questioning whether PokerStars should consider not hosting EPT Barcelona anymore due to all the controversy.

 

 

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