Tuesday, November 22, 2005

Dynamically Speaking

I started my time back to poker at Pacific Poker like I said before, because it was new to me and I wanted to come back to something new and different. Having no Pacific hands in Poker Tracker and starting fresh, I bought the $10 Hand Grabber program for Pacific and started to go to work. Also found out I could data mine with the Hand Grabber program which came in real helpful!

I started at $1/$2 and had a big winning streak right off the bat. I then decided to move up to the $2/$4 tables and my winning streak continued until recently and the “leveling off’ begun. I was at a ~7 BB pace for 700+ hands so I knew it was coming. After studying my play, I decided that it was still solid and improving so I moved up to $3/$6 which I was at before I took my hiatus. Currently up at the $3/$6 level.

I am telling you that story so I can tell you about this observation. While playing and data mining at the $1/$2 level, I would play with 3-4 auto rated “fish” at every table. Sprinkle in a couple Taz’s (Loose/Aggressive), a good player and the rest calling stations.

Moving up to $2/$4 I expected a little better play and got just that, a little. Take out a Taz and add an eagle and that was it. Fish population seemed to stay the same. The last table had 6 auto rated fish at it! That was tooo many. Everyone was drawing at something at that table. I should have left….’nuff said.

Moving up to $3/$6 I really expected a bump up in play. I just left a table with 3 fish, 2 Taz and a calling station. Made good money and the reads are easy.

Funny how there was an exponential rise in table minimums and table pots but the table dynamic stayed the same through 3 levels. Every now and then a thread will pop up or article will appear that suggests the boom is over and poker is diminishing in numbers. I’m no expert and can not argue either side of that point. I can comment on my little sample and say that there are still plenty of people out there willing to throw away money to a decent player with a little patience.

For all those mired in the micro limits working there way up and saying, “Can’t wait to play higher so people will not call my raises with crap”, wish on. It is happening here also. By the way, that is terrible logic, but that will be another post. There are plenty here willing to call $6+ on any two soooooted and ANY draw. That’s why we play poker though.

So tonight as I close the books and tally up the score (in my favor this time), I raise a glass to all of those that called my value raises versus my nut hands and called me down with ace high. I salute you for missing that gut shot though you paid dearly for it and just falling short with that bottom pair. I know tomorrow is another day and you will be armed and ready to battle again, so until then………Thank You!

Till Next Time!

Empire Strikes Back

I can sum up last nights session like this:

Fold 25 straight hands
Get a hand and miss flop
Fold 25 straight hands
Get a hand and miss flop
Fold 25 straight hands
Get a hand and get sucked out
Win a small pot
Repeat for 4 hours

So to not bore you to death, looks like Empire wants to strike back!

Empire Online sues PartyGaming
By Miles Costello

Internet gaming website Empire Online has acrimoniously cancelled takeover talks with PartyGaming and launched a legal action against the operator of PartyPoker after it ringfenced its customers from rival sites.

Empire Online, which runs Empirepoker.com, said it had "terminated discussions" with PartyGaming after the group came back to the company with a second takeover proposal "at a level that cannot be recommended".

Having initially tabled an all-share offer that valued Empire Online at 10 per cent of an enlarged group - approximately £400 million - Empire said PartyGaming "made a revised proposal that is significantly different both in terms of the price and structure".

Although Empire did not state the level of PartyGaming's offer - which it said came after "a protracted due diligence process and continued delays in the timetable" - the second tilt was almost half the first and also contained a cash element.

PartyGaming later confirmed its offer for the business and assets of Empire Online was worth roughly 60p a share, valuing the company at about £175 million.

Of the proposed legal action it said: "To the extent that any action is forthcoming, PartyGaming is highly confident of a successful outcome."

John Shepherd, director of corporate communications at PartyGaming, added: "They're clutching at straws."

But as it pledged to investigate "commercial strategic opportunities" and reiterated its profits targets after the collapse of the talks, Empire said it planned "to institute and vigorously pursue legal proceedings" against PartyGaming.

This comes five weeks after PartyGaming took steps to end its formal links with its "skins" - the websites such as Empire Online that make money by directing gambling traffic to its group websites.

"The directors of Empire Online have explored whether legal action might be taken ... in relation to damage caused to it by the conduct of companies within the PartyGaming group in separating the poker system used by PartyGaming players from that of its skins," Empire said.

"Having received legal advice, the directors intend to institute and vigorously pursue legal proceedings as soon as possible."

It has already warned that profits for the full year will fall by 10 per cent as a result of PartyGaming's move.

Empire, led by chief executive Noam Lanir, said it has received several "commercial strategic approaches" over the past few months and said it would pursue talks with the parties involved, which it did not name. It said its strategy in relation to Empirepoker.com would depend on the outcome of any legal action against PartyGaming.

It said that its businesses that have no relationship with PartyGaming, including Club Dice and Noble Poker, are on course to make profits after tax of about $37 million (£21.5 million).

It said profits at Empire Poker, which as a poker website does have a relationship with PartyGaming, "could be impacted" by the commercial changes and by the outcome of the proposed lawsuit.

Just last week, PartyGaming redrew its relationships with its other skins - parting company with Coral Eurobet and effectively buying out Multipoker.com and IntertopsPoker.com.

Shares in Empire Online dropped nearly 5 per cent (down 3p) to 60.5p in early deals. PartyGaming lost 1.5p (a fall of more than 1.5 per cent) to 96.5p
Till Next Time!

Monday, November 21, 2005

Still Going!

Just like the bunny.

Pacific has been great so far. I am about half way through with the wagering requirements and really have nothing bad to say about the site other than you can not multi table.

I have had the losing sessions and the bad beats (One two outer on river and one 94 sooooted calling my three bet cold vs. AA only to flop 4x4) All in all though I am up and the site is paying off well. You will definately need the stomach for it though. I must say I like my little fish bowl!

Bet365 is having a $25K freeroll on the 26th of November at 15:00. Entry is free, there are no raked hands requirements and there are cash prizes for the top 1000 places. 10,000 max entrants but the winner gets $3,000. Probably a huge crap shoot till first break but how do you not try this for free!

Saw this this weekend...hmmmm, someone is getting fired!

Coupon Misprints Could Cost Casino Millions

A misprint may end up costing an Illinois casino millions of dollars.Harrah's Joliet Casino said there was a mistake in about 11,000 coupons mailed to customers last week. Instead of being worth $15 or $20 apiece, each had a face value of $525 in cash. The company blames the error on a third-party vendor.Dozens of gamblers crowded Harrah's customer service desk on Friday, and got angry when the casino refused to redeem the coupons. Customers were encouraged to trade the coupons for reward points. Some did, but others decided to keep their slips of paper.The Illinois Gaming Board ruled that Harrah's must honor the coupons. All told, the company could be liable for as much as $5.8 million.
Hope all had a great weekend!

Till Next Time!