Thursday, October 16, 2008

Arnold Snyder - quack or genius

Most poker books are very similar. Its had to find a book that suggests a different method. Each book I read may suggest slightly enhanced strategies but very few are as bold as the new book I am reading by Arnold Snyder. The book is called the Poker Tournament Formula 2. This book basically refers to other books like Harrington, Sklansky and the like and literally says they are wrong. 

How can that be. Harrington is a bible for a lot of tournament poker players. Snyder refers to them as 'Harringbots' - players who blindly follow the Harrington methods and are easy pickings in tournaments. How credible can this guy be? Maybe Snyder is wrong!

I googled Snyder and found an interesting  thread in 2+2 poker forums where Mason Malmuth and David Sklansky take great offence at Snyder and call him out as an idiot. But there are other posters who are far more positive and say his original Poker Tournament Formula book changed their game and helped them immediately become more successful at winning tournaments.

So what is the big revelation in the book and did it help me.  The answer first - yes it helped me right away. I started enjoying poker more and came 2nd in a Pokerstars tournament. The revelation is something we all know but do not practice.

Play your opponent
Build a stack, then use this stack to dominate

I saw this in Vegas. While I was doubling up through small pairs that made a set, and occasional showdowns with AK or AQ and creeping towards the final tables, some guys were building monster stacks. When they eventually came on my table they piled on the pressure. If I called a preflop raise my post flop decision was ALWAYS for all my chips against these guys. If I tried to check to see a flop they always put in a huge 5 or 6x raise. Basically everyone else at the table had to shut up shop and wait for hands while the big stacks stole blinds and antes again and again and got bigger and bigger.

This is exactly the point Snyder makes. He talks about Utility odds and chip utility and other things but ultimately he is saying you must do everything to build a monster stack early in the tournament when everyone is playing tight (the Harrington way). Even if you bust out trying to build the huge stack it is worth the effort to try.  When you have this stack you have "full utility" and can basically run the table. Snyder points out several pro players like John Phan  play exactly this way - they do anything and everything to get a big stack and then use it to steam roller the other players.

So how to build a monster stack. Some people on 2+2 say Snyder does not explain exactly how to do this but I think he does. He says to pretty much ignore your cards. Play position and other players regardless of your cards. To me this means you will be betting preflop, postflop, after the turn and on the river sometimes with complete air. You must spend some time scoping out the players at the table first to see who seems to fold to pressure.  Then you will be the guy applying that pressure against those players regardless of your cards. Another important point - Snyder suggests we forget the GAP concept and be more than willing to call preflop bets made by weak players.  Especially loose or aggressive players.  They will be more prone to fold to post flop pressure. Snyder emphasizes you must be willing to gamble early on to double up your stack. For example J-10s v an all-in raise may be a callable hand, because if you double up your chip utility will be massively enhanced. And if you bust out - just play another tournament another day and do not worry about it.

Its certainly an interesting book. In the next post I will explain how I put his ideas into action and how they worked for me. 

Monday, October 13, 2008

Vegas trip report

I love Las Vegas. The last time I was there was when the WSOP was on and poker tournaments were everywhere and pretty well attended. Almost any time of night or day you could walk a short distance along the strip and play in a tournament.

This time I took the wife for the weekend (no poker!!) and then stayed an extra 4 days on my own (loads of poker!!). I've been to Vegas loads of times over the last 13 years and this was the first time I can say it looks like the tough economic times are hurting it. There were still tourists, locals, drunks, hen-parties, 21st Birthday groups etc. but noticeably less so than previously.

In July several people told me that poker was the one bright spot in the casino industry - still growing and bringing in revenue. On this trip it was evident the poker boom was slowing down significantly. Several small regular tournaments around town appeared to be cancelled due to lack of players - you only found this out when you turned up to play. During the day some of the poker rooms are completely empty - even to the extent that they were closed down.

I saw some of this first hand. The new Hard Rock poker room had one table of players playing $1-$2 and about 30 empty tables. There were more staff than players in the casino. In Treasure Island the poker dealers were playing gin amongst themselves.

I was staying at the Venetian. This casino seems to have weathered the storm and still had an active poker room - several regulars told me it had the best tournament turnout in town. The Wynn, Bellagio and Ceasors were also still pretty active I was told.

I played 6 tournaments in the Venetian poker room and a couple elsewhere. My schedule and results are shown below:

Sunday - 7pm - 1am - Venetian - finished 26th out of 90.
Monday - noon - 6.45pm - Venetian - finished 16th out of 90.
Monday - 7pm - 2.30am - Venetian - finished 6th out of 90 ---------> CASHED
Tuesday - noon to 1.30pm - Venetian - finished 80th out of 100 (out with QQ v AK)
Tuesday - 2pm - 4pm - Treasure Island - finished 9th out of 18
Tuesday - 7pm to 1.30am - Venetian - finished 13thout of 100
Wednesday - noon to 6pm - Venetian finished 32nd out of 100
Wednesday - midnight - 2am - Osheas - finished 5th our of 18

My thoughts on the trip:

1. The Sunday night, Monday and Tuesday marathon sessions took a bit out of me. I had a stinking headache on Weds and decided to cry off the evening tournament and get some sleep. As much as I love poker, 16 hours per day is too much for me!!

2. In the Venetian I played against a bunch of Vegas regulars and feel that I held my own. I cashed once and bubbled twice (13th and 16th) which suggests I was playing ok but still need to work on my end-tournament play. I talked to a few pros who complimented me on my play so that was nice.

3. On Tuesday afternoon I went over to Treasure Island to play a 2 table SNG tournament but went out in 10th place with QQ v AK. After a sleep I went over to O'sheas and played some cash games against the drunk tourists. I left the casino at 4.30am after a fun session.

Overall I was disappointed by my results on this trip. Something is still missing from my game especially in my endgame. I am bubbling too much still. As soon as I got back home I went and bought a couple of new poker books to continue my education. I am also looking for some local peer poker players to discuss my strategy with.

Friday, October 3, 2008

September progress report 3 - 21st to 30th

Here are my results from September 21st thru September 30th:

SUMMARY

FullTilt PokerStars Live Total Cum. Profit
2742
09/21 0 -341 0 -341 2401
09/22 0 - 13 0 - 13 2388
09/23 -189 + 6 0 -183 2205
09/24 - 21 - 3 0 - 24 2182
09/25 - 20 + 7 0 - 13 2168
09/26 - 12 - 61 0 - 73 2095
09/27 - 18 0 0 - 18 2077
09/28 0 0 0 0 2077
09/29 +217 - 2 0 +215 2292
09/30 - 52 - 28 0 - 80 2212



So as of September 30th my total profit for the month was $2212. This is below my target of $3000 and was largely due to a large downswing from 9/16 to 9/28. For 12 days straight I made a loss.

It is hard to say why downswings occur. I am the same person playing the same way but the cards just went against me. I recorded some of my beats. It just seemed every time I got KK the other person had AA. When I had AA another person would make a straight or flush even when we both got it in pre-flop. If I had a set another person would hit their miracle river card to get a higher set.

The downswing started with my failure to make the WCOOP despite entering numerous satellites. Could this have mentally affect me. Probably. Or maybe I was affected by watching the WCOOP. Who knows.

The important thing is to get back on the up. And how better to do this than to take a trip to Las Vegas to play some poker.

Off to Vegas I go......