Posts Tagged ‘Winning’

Winning The WSOP Main Event Three Times In A Row More Likely Than Perfect NCAA Bracket

The first round of the 2014 NCAA men’s college basketball tournament kicks off on Wednesday, and one bracket contest seems to be the talk of the American sports world.

In January, it was announced that billionaire Warren Buffet had agreed to insure a promotion by Dan Gilbert’s Quicken Loans, where a perfect bracket earns a participant $ 1 billion. Much smaller prizes are to be won for less-than-perfect brackets.

The promotion is expected to be a boon for Quicken Loans, thanks to the basically free advertising and getting millions to supply the mortgage lender with key personal information.

The odds of filling out a perfect bracket, if one flipped a coin for all the games, is 1 in 9.2 quintillion. To be precise, it’s 1 in 9,223,372,036,854,775,808.

Obviously, people don’t blindly fill out brackets that way. One mathematician at DePaul University reportedly pegged it at 1 in around 128 billion.

That’s much better than the former, which probably wouldn’t have occurred yet if everyone in the U.S. had been filling out brackets at random once a year since the Big Bang.

You’d likely have a better chance at winning the World Series of Poker main event, these days with 6,000-player fields, three times in a row than if you filled out a bracket that way.

Buffet, who has a net worth of around $ 53.5 billion, is also insuring a contest that is capped at 15 million entries, which makes it even more impossible for a perfect bracket to be had.

While Buffet and Gilbert have safe bets here, some bookmakers in Las Vegas are less than thrilled with the seeding. One told the Las Vegas Sun that this year is “probably the hardest bracket I’ve ever seen in my whole life.”

Silver State casinos won around $ 200 million from sports gamblers in 2013.

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Published on 12:30 pm by Administrator

Category: Poker

Tags: , Bracket, Event, Likely, Main, More, NCAA, Perfect, than, Three, Times, Winning, WSOP

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Seven Years After Winning Two World Series Of Poker Bracelets At Age 21, Jeff Madsen Not Stressed Anymore About Getting The Third

At the age of 21, Jeff Madsen won an improbable two World Series of Poker bracelets and made two other final tables, en route to about $ 1.5 million in winnings and being named the player of the Series in 2006. Seven years later, he is still sitting on two bracelets.

Madsen hasn’t crashed and burned like others in the game, as he has remained a fixture on the tournament circuit, winning other events over the years and cashing in dozens, but he keeps coming up empty handed at the annual summer festival – the place that launched his poker life.

He acknowledged that if it hadn’t been for that remarkable summer he likely wouldn’t be where he’s at today. He might not even be a poker player anymore.

“It made my entire life,” Madsen said. “When I came in that year I just wanted to make a little bit of money. It was life-changing when that happened.”

In some sense, Madsen is still kind of new to the World Series. After all, he did start playing as soon as he was of legal age. At 28, he still has a whole poker-playing life ahead of him, if he wants to keep pursing it. For him, there’s no panicking.

“I’m still kind of like…my fundamentals are good and my raw game is good, but I can still feel a little immaturity, emotionally dealing with wins and losses, but I’m a lot better than I used to be,” Madsen said. “Some people are more machines than I am. In that respect, I don’t feel fully ‘grizzled veteran’ yet, but maybe I just need to win that next bracelet.”

Summer 2006 cemented his status as someone who knows the ins and outs of card playing, and that he’s one of the best. His skill set hasn’t diminished. Madsen said the drought is partially attributable to players today being better than they were before. He plays all the games, but the WSOP is heavily skewed toward hold’em. It’s the discipline that almost everyone has a better grasp at these days than they did when they were playing during the poker boom.

Still, Madsen carries with him a bit of an admission that he hit the jackpot in 2006.

“When anyone wins a lot right away in poker it’s first going to seem like a fluke…But I think when anything miraculous like that happens it kind of is a fluke at first, and then it’s like ‘OK, he’s a poker player and did well that year, and it doesn’t mean he’s a bad player that he hasn’t won since,’” Madsen said. ‘He was really good back then, and he’s still good.’”

In the year or two following his breakout, Madsen felt the uncomfortable pressure to win a third. Over time, however, he became more acclimated to the nature of tournaments and how challenging it is to be the one sitting with all the chips at the end. It’s incredibly common for the game’s best players to brick tournament after tournament, as oftentimes everything comes down to winning coin flips with a tons of chips on the line, not to mention being on the right end of a suck-out or two. Many top pros don’t have a single bracelet. Ironically, Madsen beat Erick Lindgren heads-up for one of the bracelets when Lindgren had zero to his name.

“You can’t put increasing pressure on yourself year after year,” Madsen said. “It’s life. You aren’t supposed to do anything. You just do what you do. I’m lucky to have won already. I’ve had other success since then. You might get second in a tournament, but is that something that should cause you to put more pressure on yourself? You just have to worry about getting better at your game. You have to be grateful for what you have.”

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Published on 6:30 am by Administrator

Category: Poker

Tags: , About, After, Anymore, Bracelets, Getting, Jeff, Madsen, Poker, Series, Seven, Stressed, Third, Winning, World, Years

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Gambling Lawsuit: Did Ivey Notice Defective Cards At London Casino En Route To Winning $12 Million?

The Daily Mail reported that the casino which withheld about $ 12 million of Phil Ivey’s winnings at a game called punto banco thinks the pro gambler cheated — well sort of.

Genting Crockfords London said that Ivey was able to read the backs of the cards that allegedly were defective and used this to his advantage to win millions last year.

The game doesn’t involve players touching the cards. Ivey apparently would have had to ask the dealer to turn them a certain way in order to notice the spot where he could obtain the crucial information needed to beat the game, which normally has a house advantage.

Ivey was reportedly playing with a woman who has been banned from other casinos.

The defect would be the result of a manufacturing mistake, likely attributeable to high demand for cards across the casino world, according to The Daily Mail.

Punto banco is a form of baccarat, and Ivey was betting up to £150,000.

Last week, Ivey announced that he was suing the casino for his winnings, which he maintains he accumulated legitimately and without any sort of edge.

“I am deeply saddened that Crockfords has left me no alternative but to proceed with legal action, following its decision to withhold my winnings,” Ivey said in a statement. “I have much respect for Gentings, which has made this a very difficult decision for me. Over the years I have won and lost substantial sums at Crockfords and I have always honoured my commitments. At the time, I was given a receipt for my winnings but Crockfords subsequently withheld payment. I, therefore, feel I have no alternative but to take legal action.”

For a closer look at how the game might have unfolded, check out The Mail’s reporting.

Comments

texasroadgambler


9 hours ago

Oh no!! An industry that thrives on exploiting various weaknesses in their players is now whining because a player exploited one of theirs?

Oh, the injustice of it all!! Perhaps we should all send the casino monogrammed crying towels.

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I_P_Freely


6 hours ago

Phil has always honored his commitments? I recall him committing to sit out of the WSOP and work tirelessly on behalf of all FTP players who he and his Team FT colleagues stole from until their money was refunded in full.

How is he doing on that committment?

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Mark25


5 hours ago

I_P_Freely you know slander like you just did can get you sued and its not that hard to find who you are either bud so if I was you Id keep my thoughts to myself. As for the cards being marked or mared whatever at the casino, its not a players job to Identify mistakes on cards nor is it their job to point out the defects even if they found them, a casino has special employees hired just to check the cards plus the dealer and head of staff on the floor checked each deck before they are used everytime. Saying he asked a dealer to hold cards up and the dealer did as instructed sounds like either a very badly trained dealer or a casino making lame excuses to keep from paying out. They claim Ivy asked to use the same decks that had won him so much from the day before again the next day. No casino would ever allow this period. So either the casino is lieing or they have no bussiness being in bussiness as a casino. As a former dealer in both holdem and blackjack I find it crazy for them to even claim those things happened. And if they did why did they allow it to happen at all. Thats not normal and it sounds to me like they changed decks to try and claim Ivy cheated since there is no other proof.

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I_P_Freely


3 hours ago

Here is what Ivey said in 2010:

“I am deeply disappointed and embarrassed that Full Tilt players have not been paid money they are owed. I am equally embarrassed that as a result many players cannot compete in tournaments and have suffered economic harm. I am not playing in the World Series of Poker as I do not believe it is fair that I compete when others cannot. I am doing everything I can to seek a solution to the problem as quickly as possible”

http://sports.espn.go.com/espn/poker/news/story?id=6614429

Have the players been paid back? No.

Is Ivey playing in the WSOP? Yes.

Has Ivey done anything to seek a solution to the problem? No.

His words in 2010 meant nothing, kid. It ain’t slander, it’s a fact.

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Published on 12:30 am by Administrator

Category: Poker

Tags: , Cards, casino, Defective, Gambling, Ivey, Lawsuit, London, Million, Notice, Route, Winning

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Mucking Winning Poker Hands: Laak, Ivey, Galfond

Phil LaakHaving the winning hand on the river isn’t always enough — one still has to table the cards.

It’s exceedingly rare for players to muck the winner — and almost astronomically improbable for the best in the world to get caught on camera doing so.

However, last month, professional Phil Laak mucked his superior holdings during a cash game in Europe for a pot worth about $ 81,000. Here’s a look at the hand.

One has to wonder if he folded the winning hand at any point during his 115-hour record-breaking session in the summer of 2010.

Laak isn’t alone in the making the blunder of all blunders. Phil Ivey once mucked the winner in the WSOP Main Event. Check out the footage of the eight-time bracelet winner mistakenly tossing in his cards on poker biggest stage.

Way back in season four of High Stakes Poker on GSN, young online pro Phil Galfond was set to chop the multi-way pot with Eli Elezra. However, Galfond slid his cards toward the dealer. He later realized what he had done.

Note: The hand starts at the two-minute mark.

Follow Brian Pempus on Twitter — @brianpempus

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Published on 12:30 am by Administrator

Category: Poker

Tags: , Galfond, hands, Ivey, Laak, Mucking, Poker, Winning

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Steve Zolotow — The Odds Of Winning Two World Series of Poker Bracelets In A Single Year

Steve ZolotowDavid Heyden recently expressed surprise at the fact that nearly every year, there is one player who wins two (or more bracelets) at the WSOP. Most of you have probably never heard of David. Although he is a quiet, unassuming player, he has been considered one of the best seven stud players for years. He has recently switched his focus to no-himit hold’em, since it is easier to find NLH games with weak players. Considering how hard it is to win one bracelet, at first glance, it seems quite remarkable, that someone can win two in the same year.

I thought it would be fun to do the math, and determine what the chances are of this happening, again. The problem is that the WSOP will have around sixty events. Some will have over four thousand entrants and others fewer than 200. Some players play only one event and others more than twenty. In general, those events with high buy-ins and small fields draw the best tournament players. These are certainly some of the most likely candidates to win multiple events. It was clearly necessary to find a way to estimate the possibility of someone winning more than one event. There will also be a super-high-roller charity tournament, with a $ 1 million buy-in. Along with some very wealthy players, this will attract the most successful tournament superstars. My approximation is summarized below:

To get a rough idea, let’s say that after 25 tournaments with 25 winners (some of whom are very skillful), not all of whom will play any given subsequent event. As more tournaments are played this pool of winners grows. Let’s assume that there is around a 10 percent chance that one of them will win another event. (This may be low for events with 200 entrants, but high for events with 3000.) This means the chance of no repeat in any specific event is 90 percent. Since there are more than 35 events to go, the chance that no one will repeat is .9 to the thirty-fifth power, which is less than 3 percent.

This makes there being a multiple event winner more than a 30-to-1 favorite. Note that this approximation didn’t include a factor for a repeat in the first 25 events, and uses the 90 percent figure even for the last big events which might have more than 30 previous winners playing in a field of 200. Putting all of this together 30-to-1 may be on the low side, but at least it gives some idea of why there rates to be a multiple bracelet winner.

For those who find this difficult to believe, consider the famous birthday problem: How many randomly selected people do you need to have a better than even chance of finding two with the same birthday? The amazing answer is that with twenty-four (yes, 24), a duplicated birthday becomes a favorite. By the time you reach 60 people, the chance has passed 99 percent. For those interested in more details on this problem, Wikipedia has a nice explanation (although the math does get quite complicated) at http://en.wikipedia.org/wiki/Birthday_problem. ♠

Steve “Zee” Zolotow, aka The Bald Eagle, is a successful games player. He currently devotes most of his time to poker. When escaping from poker, he hangs out in his bars on Avenue A — Nice Guy Eddie’s at Houston and Doc Holliday’s at 9th Street — in New York City.

Comments

BabyGrand


7 hours ago

This math is terrible. In a tournament like the $ 5k 6 max no limit holdem, there will likely be 20+ bracelet winners from the current year with a 20% +EV over the field. That means if there are 1,000 entrants, 20 players given straight odds have a 2.25% chance to repeat in only one tournament.

If 25 prior winners play the last $ 5k mixed WSOP event (which is only half of the winners)… There is at least an 8% chance of a repeat in that event.

Almost all the winners continue playing events. And if you look at the repeats, they come in small field big buyins or mixed events. My rough math estimates that about 80% of the time there will be repeats.

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Published on 6:30 pm by Administrator

Category: Poker

Tags: , Bracelets, Odds, Poker, Series, Single, Steve, Winning, World, Year, Zolotow

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Justino Bonomo Leads €25,000 High Roller Final Table Days After Winning €100,000 Event

Justin Bonomo After Winning €100k Super High RollerJustin Bonomo is on an incredible run at the 2012 PokerStars and Monte Carlo® Casino European Poker Tour Grand Final. He will enter the final table of the €25,000 no-limit hold’em high roller event as a strong chip leader less than a week after winning €1.64 million for topping the €100,000 super high roller event, and just days after finishing 28th in the €10,000 main event for €35,000.

Bonomo has already secured a payday of at least €100,000 and could earn as much as €1,080,000 for the outright victory, which would bring his lifetime tournament earnings to more than $ 6.75 million. The winner will also be awarded 924 Card Player Player of the Year points, which would be enough to move Bonomo into 21st place in the overall standings.

Bonomo eliminated Phil Ivey in ninth place to set the final table and end the day with just over 2.2 million in chips, good for roughly a third of the chips in play at the eight-handed final table. On a board of KDiamond Suit7Spade Suit5Spade Suit3Diamond Suit Ivey bet 200,000 into a pot of 477,000. Bonomo shoved all-in and Ivey called and revealed that he had flopped top set with the KDiamond SuitKClub Suit. Bonomo rolled over his KSpade SuitQSpade Suit for a flush draw and top pair. Bonomo needed a spade on the river to win the pot,he got just what he required when the JSpade Suit hit the felt, sending him the sizable pot, eliminating the tough Ivey and setting up the final table.

Bonomo will face some stiff competition as he attempts to continue his incredible streak this week, including the likes of Daniel Negreanu, Noah Schwartz, Philipp Gruissem and Max Lykov.

Here is a look at the final table chip counts:

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Published on 12:30 am by Administrator

Category: Poker

Tags: , After, €100000, €25000, Bonomo, Days, Event, Final, High, Justino, Leads, Roller, Table, Winning

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Winning Texas Holdem Instructional Dvd

Winning Texas Holdem Instructional Dvd

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Welcome to Texas Holdem – the hottest game around! Whether you’re new to the game or an experienced player, Ultimate Poker gives you everything you need to bring the excitement of Vegas right into your home. This video gives you everything you need to learn the basics of the game and become a very good player, incuding special sections on:Psychology
Number of Players
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Price: $ 3.00


Published on 9:09 pm by Administrator

Category: Poker Sets

Tags: , Hold'em, Instructional, Texas, Winning

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Secrets of Winning Poker by Tex Sheahan

Secrets of Winning Poker by Tex Sheahan

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This is a compilation of Sheahan’s best articles from fifteen years of writing for the major gaming magazines, and his legacy to poker players. Sheahan gives you sound advice and winning poker strategies for hold’em and 7-card stud, plus chapters on tournament play, psychology, personality profiles, and some very funny stories from the green felt jungle. “Some of the best advice you’ll ever read on how to win at poker,” says Doyle Brunson.

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Published on 2:46 am by Administrator

Category: Poker Sets

Tags: , Poker, Secrets, Sheahan, Winning

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The Basics of Winning Poker: 5th Edition (The Basics of Winning)

The Basics of Winning Poker: 5th Edition (The Basics of Winning)

A new and updated edition to the multimillion-selling series. This quick, easy-to-read primer on poker shows players the basics of playing and winning in just one reading. Packed with tips, winning strategies for the most popular poker games, a basic guide to the rules of play, easy-to-understand charts, and a poker glossary.

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Published on 1:50 pm by Administrator

Category: Poker

Tags: , Basics, Edition, Poker, Winning

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Winning 7 Card Stud: Transforming Home Poker Chumps Into Casino Killers

Winning 7 Card Stud: Transforming Home Poker Chumps Into Casino Killers

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Published on 10:59 am by Administrator

Category: Poker

Tags: , Card, casino, Chumps, Home, into, Killers, Poker, Stud, Transforming, Winning

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