FEAR

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

Friday, May 22, 2015

Poker's Black Friday

Updated 2/11/2017

April 15th, 2011. Poker's Black Friday.
Fortunately I only play for real money in live games and I didn't have much real money online, back in the day. I've never really trusted online poker since Neteller stole what little real money I had put into the online games. I eventually got it back, as I expect most of the players will this time also. It will be interesting to see how the online poker millionaires recover from having their money frozen in time. Since the DOJ closed down the four major online poker sites, Pokerstars, Full Tilt, Absolute Poker and Ultimate Bet Poker, most of the blogs from the pros are about how slow the games are in Vegas. 30 hands an hour is ultra slow motion poker to an online poker junky.

Game play is down at all of the online poker sites world wide. There are still some sites that accept US players in real money games, but that may not last long. All of them still allow play money games, so that has not changed.  Online poker is still a great way to develop and improve your game. If aggression is king, online poker is your kingdom. Online poker will not be going completely away anytime soon. It has changed for now, but it will change again, and most likely for the better. One article likened it to the collapse of the stock market and 401k pension plans deflating.

There has been some speculation about online poker being totally dead in the US - forever - and most of the play will go to the brick and mortar games. Even though the DOJ has stated that the money in players accounts is accessible to the players, there are no payment processors in the US banking system. American poker players are hitting the casinos and card rooms, however most of the casinos and card rooms have had only a slight increase in activity.

I actually expect this to be a good thing for poker in the US, in the long run. I think that the regular casinos, card rooms, and Indian casinos will find a way to establish online poker for the US. Uncle Sam only wants to find a way to collect taxes from it and regulate it better.

I've never been acceptable to not being able to walk into a place of business and complete your transaction or make a complaint in person. You could never do that with an online site, you don't know who runs it or how to find them, yet alone talk to them.

I think you should be able to go the a local casino or card room and open an online account without using the internet, which would be a much easier process. You could then just go down to the casino or card room and make deposits or withdrawals, just like a bank, and still play poker online in your PJs. PokerStars and the rest of them may never be back, but new sites will find a way in. Only when I know the physical address of an online poker site will I likely go back to online poker.

Steely Dan Black Friday


I NEVER BLUFF


Bum Hunting

Updated 2/11/2017
mrluckypoker Mr Lucky Poker

Looking for Road Kill: Dead Money
Bum Hunting is looking for weak players in cash games, preferable heads-up games. I prefer to keep track of Mental Midgets. I think it's more profitable. Some extreme bum hunters just start a table and wait for the fish to come. Some will open several heads-up tables in the hopes that a fish will jump in. If you can keep good records, it may be better to join a full table where there are several fish. I like to do this with Mental Midgets at a loose table. There are sometimes several Mental Midgets who will go all-in pre-flop with marginal hands. They usually don't last long, because they do this from any position. After they have reloaded a couple of times they settle down a little and you have a good table with several fish waiting to be hooked, or trapped.

There are some players who would like to see some changes at poker sites. One suggestion came from a twoplustwo poker forum.

"Here are 2 simple/reasonable changes (poker sites) can make, either of these will solve the issue, but I'm in favor of both.
1. Allow players to change their screen name. This will make bum hunting much harder to do. No more can someone just look you up on table ratings and deny your action.
2. Only allow a small number of tables with 1 player sitting at them. Also, if a player sits down and you deny their action, you should be booted from the table instantly. If you don't want their action, you lose your table."


Regarding the first suggestion, many players like their screen name too much to change it, so it's not likely to be workable. The second one makes better since both from the bum hunter side and the fish side. If a bum hunter opens a table, any who sit can play, and if a fish opens one, the first bum hunter that finds it, gets first crack. What would really make it better would be to have a minimum of 10 to 20 big blinds set aside so a player can't just play one hand and leave.

I NEVER BLUFF


“Brains Vs. Artificial Intelligence

Updated 2/11/2017
mrluckypoker Mr Lucky Poker
Artificial intelligence bot vs. the poker pros
By Noah Bierman
May 21, 2015, 3:00 a.m.

Rivers Casino in Pittsburgh
The Game. Texes Hold'em No Limit - Heads Up
14 days and 80,000 hands of no-limit Texas hold ‘em

Claudico, an AI from the same lab at Carnegie Mellon University that gave birth to Deep Blue, the computer that beat chess master Gary Kasparov.
The Pros: Jason Les, Dong Kim, Bjorn Li, and Doug Polk.

Its name, Claudico, means "I Limp" in Latin, a reference to the fact that it does not mind calling a bet in a fashion that many professional poker players believe to be weak and foolish.

The contest was part exhibition, part science experiment, and part test of humanity's limits. Lead scientist Tuomas Sandholm recruited four players recommended by top professionals to compete in a type of Texas hold 'em poker known as "heads-up, no-limit," a one-on-one game involving an especially complex array of betting strategies and choices.

The bot risked all its available chips on one hand while holding a 10 and a 5 of different suits — very bad cards — and bet big on another hand when the chances that its opponent could make a full house or a flush were great.

"It has a very sophisticated model," said Sandholm, the lead developer. "It just doesn't know that it's bluffing because it doesn't know the word 'bluff.'"
Unlike professionals, Claudico did not track its opponents' strategies. And its own game seemed random. For Brown and the other programmers, poker is the measuring stick, but not the goal.

They are really aiming to advance the field of artificial intelligence to fight cyberwars, perform negotiations and plan medical treatments, among other tasks that require complex decision-making with limited information.

Hold 'em poker, in this regard, offers a different challenge than chess or "Jeopardy!" because two cards are dealt facedown to each player; an opponent always has a large chunk of information missing. Five cards are then dealt face up for both players to use in forming their best potential poker hand.

The players beat the computer, but not by much.

Humans Out-Play an AI at Texas Hold ‘Em—For Now
http://www.wired.com/2015/05/humans-play-ai-texas-hold-em-now/
Claudico can only get close to Nash Equilibrium; it doesn’t react to the specific tendencies of individual opponents. The machine instead approximates ideal rational play, no matter the circumstances.

So the professionals adopted a constantly changing, exploitative strategy designed to locate and attack specific quirks in Claudico’s play. For example, it couldn’t process card removal—the way in which the cards in one’s own hand affect the likelihood of another player having specific card combinations. Les says that Claudico didn't factor that in, so the humans could tell when the AI was making big bets to disguise a weak hand, trying to force its opponent to fold.

That tell meant Les and his colleagues could pick off gigantic bluffs on the river by calculating that their hole cards made it unlikely Claudico had a hand as big as its bet would suggest. “It was writing a check it can’t quite cash,” says Les.

Claudico couldn't adjust to unusual bet sizing. That’s a big problem; it meant that the AI didn't always responding correctly. The humans capitalized on that. “Bjorn started using the most unusual bet sizes,” Les says. “He was falling in between the known sizes a lot, and was causing Claudico to have difficulties.”

When the final hand of the competition was completed, the players had wagered around $170 million (theoretically), and the team of humans professionals was ahead $732,713.

“While humans may still be ahead for now,” says Bowling, “it’s really just the beginning of the end.”

Poker has become one of the best ways to quantify the true power computers have in a way that is tangibly testable against a human opponent.

Unlike chess, poker is a game of incomplete information—no player has all the available data. An algorithm capable of determining optimal strategy for incomplete information scenarios could have applications for cybersecurity, medicine, and military strategy.

“Poker is now a benchmark for artificial intelligence research, just as chess once was,” said Sandholm. “It’s a game of exceeding complexity that requires a machine to make decisions based on incomplete and often misleading information, thanks to bluffing, slow play, and other decoys. And to win, the machine has to outsmart its human opponents.”


This was Heads UP poker!
How would it do at a full table or short handed 6 max or even with just two other players?

(Update)
OK, they did it again in February 2017. In the previous matchup, the pros won. The new computer named "Libratus", designed by Carnegie Mellon University, the same designers that built "Claudico". This time the computer beat (badly) 4 other professional poker players out of 1.8 million dollars (not real money though). Again, heads-up Texas Hold'em.

Let me know when it wins the main event at the WSOP against thousands of poker players.

I NEVER BLUFF




A Beautiful Theory

Updated 2/11/2017
mrluckypoker Mr Lucky Poker

A Beautiful Theory (Game Theory and Poker)
Forbes 12.14.06 b Tim Harford
http://www.forbes.com/2006/12/10/business-game-theory-tech-cx_th_games06_1212harford.html

A revolution in the social sciences began in the 1920s, when the man Time magazine called "the best brain in the world" decided he would work out how to win at poker. John von Neumann's quicksilver genius accelerated the development of the atomic bomb by a year, and he was one of the fathers of the computer.

Armed with Von Neumann's mathematics, even a computer could learn when to bluff.
Real poker is hugely more complicated--and so, too, is real life. Von Neumann may have played down this objection because he and Morgenstern developed a theory of "zero sum" games, such as poker, where one player's loss is the other player's gain. If you play the optimum strategy in that sort of situation, and the other player makes mistakes, you will win. But real-life games are not usually zero-sum. It is also a reminder that in most situations, the point is not to beat some opponent but to do well for yourself. That will involve understanding the man on the other side of the game. If you think he is rational, and he isn't, your strategy will go badly wrong.

Some brilliant mathematicians and economists have worked hard to patch up these holes in the Von Neumann project, including Nobel prize winners, the most famous of them all is John Nash. Von Neumann, consumed with envy, dismissed the young Nash's result as "trivial"--meaning, mathematically simple. Sure, it was simple enough, but only (when) Nash had pointed it out. As a practical advance in game theory, it was far from trivial.

The year 2000 saw a landmark in the use of game theory. It was pure Von Neumann: a lanky computer scientist by the name of Chris "Jesus" Ferguson won the World Series of Poker using the game theoretic calculations he had developed, run on powerful, modern computers, and committed to memory.

Game theory has a lot to contribute to the analysis of life, love and economics. But the game will only go according to plan if you're sure the other fellow knows the rules. In the immortal words of Dalton from Road House, "Be nice, until it’s time NOT to be nice".

Poker champ Chris 'Jesus' Ferguson discussed life lessons and game theory with panel at UCLA
http://www.ustream.tv/recorded/7189848

(Update)
Sadly, Chris was a primary component of the Black Friday debacle.

I NEVER BLUFF

Any Hand Will Do?

Updated 2/11/2017

The Basics.
There are 1326 two card combinations in Texas Hold'em, including suits, 169, not counting suits. Seventy-eight are Pairs (6x13). 20 Broadway (A-10) cards and 16 of them are Suited Connectors.
You should get a pair, once every 17 hands or someone should be dealt a pair once every 17 hands, that's 16:1 that someone has a pocket pair, if you don't have one. The odds are 2.67:1 that your opponent also does not have a pocket pair.
If your two cards are not a pair, but suited, it's still 118:1 that you will not hit a flush on the flop.
You can not make a straight without a 5 or a 10. The 5 and 10 are KEY cards. It's still 76:1 against someone hitting a straight on the flop.

If your two cards are not a pair, you will hit a pair on the flop, 40% of the time or  it is 60% that your opponent did not hit a pair on the flop.

There are two types of hands in Texas Hold'em. A pair or better and a draw to a straight or flush. Every hand played after the flop is a contest between these two types of hands. The draws are broken down to connected cards, gapped cards, suited connectors and suited gaped cards. Anything else isn't worth looking at execpt when you are heads-up.

This is why aggression is so important in Poker, most players do not make their hand on the flop.
In a normal Cash/Ring game, you will most likely be dealt 30 to 40 hands per hour. In Tournament play, deep stack, you should be dealt 30 to 40 hands per hour in the early stages and 25 to 30 in the middle stages, with a full table. In the later stages it could average 30 to 40 hands per hour and up to 50 hands per hour short handed to 60 hands per hour with 3 or less players.

It helps to start with a good hand.
Top 5 hands: AAKKQQAKsAQs (26 combinations) can be played from any position. AKsAQs, usually need to bet 3xBB in early position, 2xBB to 3xBB in middle or late position.  AAKK, may be best to reverse the betting process. The closer to the button, the more you bet, unless everyone is folding, as if you are trying to steal the blinds. Don't fall in love with AK or AQ, they are still only drawing hands. You will only flop an A or K 33% of the time, but an AceKing, or Queen, about 50% of the time. You will flop a flush draw only about 10% of the time.
Group 2 hands: JJTTAJsKQsAK (29 combinations) JJTT, Call in early position and middle position. Can raise in late position to steal the blinds or re-raise a small bet if everyone else has called. AJs, KQsAK, will flop a straight, flush, or pair about 50% of the time. Call from early position or middle position, raise to steal the blinds or as a probe from late position or call raises if only one other person has raised before you.
Group 3 hands: ATsKJsQJsJTsAQ (25 combinations) Always see the flop, unless there are several raisers.
Group 4 hands: KTsQTsJ9sT9s98sAJKQ (38 combinations)
Limp in unless you are on the button.
Middle Low Pocket Pairs: 99887766 (16 combinations) Call in middle to late position or with less than 3 players.
Low Pocket Pairs: 55443322 (16 combinations) Call in late position, or with only 2 or less players in the hand.

Trap hands
Use when you have a really strong hand and someone else has a lesser hand they can’t lay down. The trap is usually sprung by the flop. Any pre-flop 2 or 3 gaped middle cards; like 9-6, 8-5, or small pairs that have hit a set or better.  Only call small bets, if you don’t hit the flop, don’t bet unless in position, must always be played cheaply, fold if not hit on the flop.
Against good players, large bets like 6xBB to 2x pot or more, from late position, when all else have folded, may be a trap with AA,KK, otherwise it’s someone trying to steal the blinds with a weak hand.

Pre-FlopHands
High pairs: (AAKKQQ): vary from call to big raise (3x-5x); re-raise 3x the raiser,  re-raise the re-raiser.
KK will flop an over card about 20% of the time, QQ about 33%, each successive lower card about 12% greater than the last.
(AA,KK) Can slow play a tight table or against loose players, but always re-raise the raiser at least 2 times their raise.
(QQ) vary your raises; call, do not re-raise unless heads-up only or the raise was small
Middle pairs: (JJ,TT): Raise 2x,3x, do not call or slow play; raise only, do not re-raise, unless heads-up. TT will see more action and likely to flop possible straight draws, due to being a KEY card.
Mid-Low Pairs: (99887766): Raise 1x-2x, call small raises, do not re-raise. Likely to flop straight draws.
Low Pairs: (55, 44, 33, 22) Raise 1x-2x in early position, call in Middle to Late Position; Fold large raises.
There is a 10% chance Pairs will make a SET by the river make, 16% for 2 Pair, 1% for a Full House, and about .25% for 4 of a Kind.
AK,AQ,AJ (suited or un-suited): Raise 2x-3x, call small to medium raises, fold to large raises except for heads-up, then call. Good hands to raise in the blinds, but only 1x BB.
AT-A6 (suited): Call all small bets, raise in early position 1x, fold all large bets, except when heads up.
AT-A6 (un-suited): Call all small bets, don't raise or re-raise, fold all large bets, except when heads up. Try to see the flop cheaply. Call in early position, can call small raises if less than 3 other players.
A5-A2 (suited & un-suited); Call all small bets, fold 2x+ raises and large bets, except when heads up. Suited has more options than un-suited. Call suited cards in early position, fold if raised.

Move up a group if someone raises or bets 3x or more before you, unless you are heads-up

KQ-KJ-KT-QJ-QT (suited); bet 2x-3x in any position, call any small bet, check any normal bet or if more than 3 remaining players.
KQ-KJ-KT-QJ-QT (not suited); bet 2x-3x in early position, bet 1x-2x in middle or late position, call any small bet, check any normal bet or if more than 3 remaining players. Fold any large bet.
Any other 19+ hand: (suited), bet 1x-2x if everyone checks, call small bets, fold large bets. (Points)
Any other 19+ hand: (not suited); call small bets, check if possible, fold to large bets
Middle suited connectors: check if possible, bet in late position, call small bets in middle position, fold to large bets. Likely to flop flush and straight draws.
Middle non-suited connectors: check if possible, call small bets in late position, fold large bets. Likely to flop straight draws.
Low suited and non-suited connectors: check if possible, bet in late or middle position, fold any bet if more than 2 remaining players. Likely to be middle or low pair. Great trap hand if a set is made on the river.
Gapped suited cards: Try to keep the gaps to 2 or less. The higher the lead card the better, K-2 can be bet in late position, best to check only; Q-2 check only, fold any other, unless heads-up, then call only small bets. Cards with 1 gap are more likely to hit a flush than a straight. The chance of hitting a straight with 1 gap is the same as any suited connector.
Gapped non-suited cards: Try to keep the gaps to 2 or less. Cards with 1 gap have the same chance of hitting the flop for a straight as any non-suited connector.

Mental Exercise: Remember the last 3 flop textures. The probability is higher of a favorable flop hitting your hand if your hand is the opposite of the previous flops. (Gambler's Fallacy, but you will be surprised at how often it happens)

I NEVER BLUFF