What would you be IF you weren't afraid?
“In a balance of mutual terror, whoever acts first has the advantage!”

Sunday, March 12, 2017

Bicycle Casino Mega Satellite to the WSOP Circuit Event 8

My 1st Mega Satellite tournament ever @ The Bicycle Casino.
They paid 11 seats out of the field of  91, with the eleventh one getting about $1200. Not sure how that works if you don't want to spend the extra $400 to buy-in for the WSOP Circuit Event, means you would be out of pocket for about $630, after netting around $1000, from the Satellite event. Not too shabby if you could just cash out instead, giving you an ROI of about 3.35 times the buy-in.

Not a Deep Stack Tournament. 
Your 160 M is quickly reduced to an M of 40 after the 1st hour with a utility of only 26.7 or about 2.5 orbits to get a couple of playable hands.
You need to double up by the 7th level or the blinds and ante will eat you up because you need to bet about  7.5 to 10 big blinds to win a hand.
This tournament leans heavily toward the LUCK side, as evidenced by the tighter play, and as shown by my final hand. Luck beat me early on, when I figured to win and had the best hand, but didn't show up on my final hand.

Skill Factor: 35.13
Luck Factor: 64.87
You need to double up around Level 7 to keep your Competitive  Stack (CS) above 60 Big Blinds. You can get more aggressive if your Optimal Competitive Stack (OCS) can stay above 60 Big Blinds starting at Level 5, when the Ante kicks in.
The table was running at about 30 hands per  hour or 10 hands per blind change.
Table Type: more tight aggressive than loose or even loose aggressive
Player Types: mostly tight aggressive
I made it to Level 8, a little over 2 hours into the tournament.

Most memorable hand:
Had won a couple of small pots, most raises were in the 3 BB range, both preflop and postflop, still had about 10k in chips when LUCK reared it's ugly head.
At level 4, I had ATs @ DB, everyone folded to me, I raised to 3BB, SB folded, BB called
flop  67T, (2 diamonds) BB checked, I raised to 3BB and was called ,
turn was an A, giving me 2 pair to a possible flush draw, BB raised to 3BB, I went all-in and BB called (I had him covered)
River was a diamond, giving him the nut flush w/A9 of diamonds.

My final hand, @ level 8, in Kill Phil mode with A3 in the BB, everyone folded to me, went all-in with 1325, called by SB who had JQ, flop was xxJ and his pair won when nothing helped me on the turn or the river.
Still not that bad if I would have made it to the bigger event which looks to get about 800 players and $250,000 or more to 1st place.

It should have a Skill Factor of about 177 and a Luck Factor of only about 27, ROI of about 1,087 time your buy-in of $230, which is the only reason to play this satellite. Of course and ROI of about 150 times the $1675 isn't too shabby either.


Thursday, February 23, 2017

Hollywood Park Casino Celebrity Sit N Go

HPC (Hollywood Park Casino) has a new Sit-N-Go Tournament, currently only on Tuesday @ 8pm (2107)
$3,000 Guarantee. $330 Entry Fee. It's a 10 player, single table event, with $300 of the entry fee going to the prize pool. The $330 entry fee will get you $10,000 in chips  with 20 minute levels starting at 50/100.

Tournament Value:   38.54,
Anything under 50 may not be worth playing and more likely designed to get you back to the cash game tables, but then again, it's on Tuesday.
Could be worth playing with an ROI of 4.94, but being that it's on a Tuesday it's more of a Predator/Prey Tournament.

Sit and Go Tournaments are not spread very much anymore in the local card rooms. The best one I played in was as Hawaiian Gardens Casino, a three table tournament on weekends. Sadly it went away. Commerce Casino and The Bike run them sometimes during their big event tournaments.
This one is on the fast side but not Turbo, with 20 minute blind changes or 3 times per hour and not deep stacked @ only 100 Big Blinds for an "M" of 100, with a Utility "M" of about 67 Big Blinds.

You reach the Minefield at about Level 4,  which now lowers your (M) to 29 Big Blinds, since you need a minimum of 60 Big Blinds at all times to be competitive, you have to play much more riskier hands.

If your average win/loss rate is 50% and with the ante kicking in, you have only about 30 hands left before you have to play a Kill Phil kind of game. The Minefield section is about 1.5 hours and should end about Level 9, where you will need at least $72.000 in chips to continue at the Bubble Phase and on to the In-the-Money Phase. This tournament only pays the top 2 out of 10.

The Minefield is not too deep at about 6 levels, which means that's where most of the action is going to be as players try to improve their stacks. At level 7, about 2.33 hours into the tournament, it should start getting exciting as short stacks are going ALL-IN and medium stacks get cautious.

You only have about 2 hours to Double Up your stack, which means changing gears could be problematic when you are getting short stacked.

Being a tournament more geared to Luck at 81% than Skill, at about 18%, Tight Passive players are likely to have to make bigger bets than usual, but this one could go on for about 3 hours or more. Haven't seen the results, I don't think Hollywood Park Casino publishes them.

It would be interesting to see if a deeper stacked tournament, with 30 min blinds, and paying 3 players would make the tournament more popular, especially on a weekend.
Maybe 3 tables with 30 players and the top 3 chip stacks at each table make the final 9 and pay the 3 finishers.


(M) # big blind bets you can make based on your chip stack size. An indicator of how aggressive you can be on each hand. (named after Paul Magriel.)
(UM) Utility of M, effectiveness of your chip stack size based on total blinds and ante for each round.