Monday, March 29, 2010

Ivey pays 150k for a piece of chicken

I just want to follow up on the $1M no-eat-meat-bet between Ivey and Tom 'durr' Dwan that I mentioned in a previous post.

Ivey lasted three weeks before buying out of the bet. Allegedly, he was at a restaurant with some friends. At one point, Ivey had a piece of chicken in his hand and at that point he knew he couldn't win the bet. He called up Tom Dwan and asked if he could buy his way out of the bet. After a bit of negotiation they agree to a prize of $150k.

These guys just have too much money!

Tuesday, March 16, 2010

durr Bluffs Ivey in Huge Pot

In the latest episode of High Stakes Poker, Tom 'durr' Dwan bluffs Phil Ivey out of a huge pot. See the hand in the video below:



The hand basically goes like this: Another player, Phil Laak, raises first in to 3.5k. He gets three callers including Ivey with the A6 of diamonds. Now it's Dwan's turn in the BB. He looks down at 89 of spades. He now has three options; Call, fold or re-raise. Folding is out of the question because of the good odds he's getting. The way the game has been played so far is that it has been quite loose, meaning that people have called with a lot of questionable hands. So, the only player at the table Dwan really has to worry about pre-flop is the initial raiser, Laak. By making a 'squeeze play' - re-raising the initial raiser and all the callers, he gets Laak and everybody else to fold their hands. Only Ivey calls because they both have around 750k before the hand giving him huge 'implied odds' if he hits his hand.

The flop comes TQK with two diamonds giving Ivey a huge draw. He has the nut (best hand possible) flush draw plus a gutshot straight draw. Furthermore, he has the ace high which also MIGHT be good against Dwan who's recognized as one of the most aggressive players in the world. Dwan leads out 45k into a 70k pot with his crap hand. This is just a standard play when you make a squeeze before the flop! Ivey just calls. Maybe he could have raised to take the pot down right there. He could easily have called with hands like AK, KQ, KJ, KTs preflop and Dwan knows that too. So unless Dwan has the absolute nuts, he really can't re-raise Ivey on that flop.

On a complete blank turn, Dwan bets 123k into 162. Ivey, again, just calls. He must figure that if he hits one of his draws, he can get Dwan to pay him off. Otherwise, he doesn't have the odds to continue with his draw. But maybe Ivey puts Dwan on the exact type of hand he actually has - a bluff. Dwan could have squeezed preflop with air to steal the pot right there and followed it up with a continuation bet to try to steal it again on that scary flop. Now he fires one more time in case that Ivey was floating him (calling the flop with a bad hand to steal the pot on the turn).

The river is a blank 6. Although it gives Ivey a pair of sixes, the card changes nothing. If Ivey was ahead/behind on the turn, he still is on the river. Dwan fires the third bullet of 268k into 408k. This is a really gutsy play! The only hand Dwan can get Ivey to lay down is a combo-draw (which he has). As I said, Ivey could have played the hand like that with any two pair and a lot of top pair combinations. So, when Dwan makes that kind of bet, he 'polarizes his range of hands' meaning that either he has the nuts or he's bluffing. He is not valuebetting any one pair or maybe even two pairs on this board because the board is so scary and they have so deep stacks.

That is also why Ivey thinks for so long about calling with just ace high. It's not an easy call at all and I would probably have folded too. But when you think about it, this might have been the time to make a hero call (huge call with bad hand to beat a bluff).

But that's just my 50 cents. I mean, who am I to question a man who has more than 12 million dollars in career winnings in live tournaments and who has won more than 15 million in online cash games since 2007!


On a side note, in a previous episode of the show, Dwan and Ivey made a one million dollar bet. Dwan bet Ivey to become a vegetarian for a year! So if Ivey eats "anything that moves", he has to pay Dwan a million but if he sticks to his promise, he gets a cool million from Dwan! These guys just have way to much money on their hands!

I wouldn't eat anything for a year if I got a million dollars to do it :P

Thursday, March 4, 2010

Atlantic City

I haven't told you guys that I went to Atlantic City recently. This is just an exert from a blog entry on my other blog about the whole trip. This post will only hold the part about poker. We stayed at the Taj Mahal.


(...)After a great dinner, me and Hugo went to the ATM to get some cash and then signed up at the poker room. On the way there we had to walk through the whole casino and it was just huge! According to the website, there are over 3,000 slot machines and more than 210 table games (roulette, blackjack etc.) and 70 poker tables - can't wait to go to Vegas where the casinos are even bigger!

By the way, this is what two (wannabe) high stakes poker players look like :) 



Poker
The lowest stakes was $1/$2 with a minimum buy in of $60 and a max of 300$. Beforehand, I had decided that I wouldn't lose more than 3 buy ins of what I normally play online = 600$ total. So, I found a table and sat down with 300$. Unfortunately, I didn't get the same table as Hugo but at least we could see each other and sometimes we would walk over and ask how the other was doing. 

I started out folding a lot because I wanted to see how the table dynamic was and I didn't get any good cards anyways, so I really couldn't do anything else. However, the bad cards continued so I figured I would try to steal some blinds. The first time, this guy, lets call him Mr. Aggressive, re-raises me and I had to fold. A couple of hands later he just calls my raise and check-raises me on the flop where I have to fold. He shows me a total bluff. 15 mins later he does the same and later he does it again. Still, I wasn't getting any cards whatsoever, so I really couldn't do nothing. 

Actually, I can sum up all my good hands from the +4 hours of play right here: 2xKK, 1xAQo, 1xKQo and 1x88 - that was it! I had no other pocket pairs all night, no good aces, no suited connectors - NOTHING!

Back to the story... After losing with some bad hands and bad bluffs, I was down to about 150$. Finally, I got my first real hand - a pair of kings. The short story is that I get my last 150$ all-in against another guy with QQ and doubles up to 300$.

Later I get  KQo in the BB. Mr. Aggressive now tries to steal my blind again and I just call. Flop comes Qxx and I check-call his bet. Turn and river are blank and I decided to call him down after he had been bluffing all night long. Unfortunately he woke up with AQ this time and he won my stack of 300$ from me on that hand. Maybe I should have folded since he hadn't bluffed that big before. I think we had played about 3 hours at that time.

Anyway, I buy in for another 100$ and after literally folding all hands except a couple of blinds for a whole hour, I get kings in early position. I raise it big but somehow I get no respect and five people call me. Flop comes 235 rainbow. Since I'm first to act, I just check because I want to trap Mr. A somehow. As I predicted he takes a stab at the pot and I just call. I don't raise because he will only call me with something that has me beat already. The turn opens up for a flush draw but is otherwise blank and I check to him again. He puts me all-in. I really had a tough decision but I was short stacked. Preflop, he could have called with 22, 33, 55, 66-TT, suited aces and suited connectors. So either he had a hand or either he was bluffing or semi-bluffing. I ended up calling after a minute or so and he showed me A4, which means he had flopped a straight on me :(

I decided to call it a night at the poker tables because the deck was so cold. I really should have quit earlier but what can you do when it's the first time at a casino.