“ In Confessions of a Winning Poker Player, Jack King said, ‘Few players recall big pots they have won -- strange as it seems -- but every player can remember with remarkable accuracy the outstanding tough beats of his career.’ Seems true to me, 'cause walking in here I can hardly remember how I built my bankroll, but I can't stop thinking how I lost it.”
“If you're too careful, your whole life can become a fuckin' grind.“ - Mike McD (played by Matt Damon “Rounders”)
I am no stranger to taking what looks like insane, crazy risks. I threw money into the stock market. I quit “safe” jobs for “riskier” ones that paid better. In the poker game of life, I have played it with an aggressive style. All it took was one bad beat to convince me to change. Hunker down. Don’t chase draws even with great pot odds. Grind it out.
I had a bad moment. One I’m not proud of where I wanted to dig my heels in and say, “I’m not moving!” I could throw out any excuse. Yes, I like Seattle. The summers here are gorgeous. I want to be a part of the Seahawks Super Bowl season (it’s going to happen - trust me on this). I love the mountains and lakes. I have friends here. But, as I learned at the Air Force Academy, excuses are like assholes, we all have them and they all stink. The real reason I didn’t want to move was fear. All it took was one bad beat and I was afraid.
The analogy worked, and it got me thinking about one of my former hobbies, poker. The beauty and difficult part of poker is that it is an incomplete information game. You may know what you have, but without cheating, you can only speculate what your opponents have. In the short term, a bad beat can crush you, but in the long run, getting your money in when the odds are in your favor is the only way to play - regardless of the outcome.
It’s funny thing as I see resumes all the time that contain the phrase “results oriented”. In poker, that phrase is an insult. All you can do is trust your read and get your money when you think you have the best of it. If the poker gods decide to crush your soul with a bad beat, so be it.
With that in mind, I decided to play an mspoker tournament on Friday. This group has been going strong for over a decade now. I have been gone awhile and there were a lot of new faces mixed in with the familiar. I played my game. I won some hands. I lost some hands. I won more hands than I lost and started to build up a decent stack as the blinds were getting higher. With the blinds at 30/60 and me sitting on about 4,000 in chips, a small stack decided to go all-in for 350 while I was on the dealer button. Now, strangely, an aggressive player makes a call. I say strangely as an aggressive player would usual raise to isolate and get a chance at busting the small stack by himself. At this point, I don’t know what I have since I refuse to look until it’s my turn to act but I’m thinking about how do I want to play this based on the action in front of me.
It’s folded to me and I have pocket 7’s. Not a bad hand, but not exactly a monster. I have a short stack that is acting a bit desperate and I put him on any random hand. The caller has been aggressive and I have position on him in the hand. I really don’t want to re-raise here and face the possibility of a re-re-raise and I decide to see a flop cheap and have the discipline to get away from it if I don’t like it.
The short stack makes a mistake and actually shows his hand - Q8. Since he doesn’t have more chips, the ruling is made that he doesn’t have to fold but now my opponent and I have a little more information - there is one queen and on eight that is not in the deck.
Ideally, I would have flopped quads, or at least a set, but barring that I got a beautiful six high flop. The aggressive player bets out 750. At this point, he has put roughly ⅓ of his stack in this pot and that was a pretty high bet. I have to ask myself given his action pre-flop and the big lead out bet, what does he have? I conclude that he has AK and that my 7’s are good. I don’t hesitate for a second, as he is putting the chips out in front of him, I say, “All-in.”
Now this guy takes forever trying to figure out what to do and I know that I have him. He’s mad at himself for betting that big and then having to lay it down, but he’s smart enough to know that he’s beat but doesn’t want to admit it yet. I don’t say anything, but I’m hoping he calls because I’m 100% positive that I’ve got him beat. He starts making his speech and eventually says fold but exposes his AQ - extremely close to what I thought he had. As he folds, he states that the fact that he knew the short stack had one of his queens factored into his decision. If he had called, he had two queens and three aces that could save him - roughly a 20% chance to win the hand.
He folds and I show my 7’s and the turn comes out a queen and now he is absolutely beside himself. I’m irritated that I don’t get the whole pot and barely eek out a profit after all the drama because all I get is the 750 from the side pot, but hey, that’s poker. The fact remains, my opponent played every street wrong. Pre-flop if he re-raised the original bettor, I might have not taken that much risk with a weakish pair. On the flop, the bet seemed out of line with the pot. If he had a hand, he would have made a smaller bet or even checked to me to entice a bet. Instead, he stuck a good chunk of his stack in there and got angry because I called his bluff with an 80% chance of winning all his chips.
Now if an 80% chance doesn’t sound good, even people with the most basic knowledge of Texas Hold ‘Em can tell you that the best pre-flop starting hand is AA. Yet, the very best hand in poker is usually only an 85% chance to win against any random hand. Those odds are as good as they get and one time in five I’m going home trying to explain to my wife that I really should have won because I made the right play. She then tells me if I was supposed to win, I would have and I give myself a face slap and vow to never tell her a bad beat story. Until the next time I get a bad beat.
In this case, my read was near perfect as AK would have had roughly the same odds as AQ here. Reads are funny because sometimes it’s hard to tell the difference between what you think an opponent has versus what you really want the opponent to have. I played a very good player who managed to cash in this year’s main event at the World Series of Poker in two back-to-back tournaments. The first time, he made an aggressive move at me and I swore up and down he was on the straight draw. Sure enough, I call, he shows, and it’s a straight draw. It was like I could see his cards and I just KNEW it. Very next tournament, I’m in a hand against the same player. I’m holding AQ and the flop comes with an ace along with three spades and the same player I had busted before bets into me. I get into my head and I wonder if he would bet into it if he had a flush. But then I know that he knows that I know he’s an aggressive player and is the type that would bet if he had the flush or if he wanted to represent the flush. Something is telling me to fold, but I don’t listen and I make a crying call telling myself that he’s on the flush draw and to think that he flopped the flush is paranoid. Sure enough, he has the flush and all I can do is say that I had the wrong read or I got greedy. I go home.
So what’s the point of walking down a couple of random hands in some low stakes tournaments? In poker, as in life, there are no certainties. You have to deal with incomplete information all the time. Sometimes you make the right move and lose. Sometimes you make the wrong move and win. In the long run, it comes down to making the right decision more often than not. You can’t lose what you don’t put in the middle, but you can’t win either. Oh, and we’re moving to Texas.