Jan. 4th, 2008

peterbirks: (Default)
I'm going to have to start doing fewer of these hand summaries. I just timed how long it took to do two hands. Half an hour! I just don't have that time to throw around.


Worst news of the morning is undoubtedly the most amazingly misguided financial plan introduced by any government since Churchill put us back on the Gold Standard. I refer, of course, to Alistair Darling's plan to allow the Financial Services Authority to step in to sort out financial institutions if they get into trouble a la Northern Rock (except, I assume Darling hopes, they step in before it gets that far).

I can see how this might appeal to Darling (and I can certainly see how it would appeal to empire builders in the FSA).

"Why, yes. Good idea. If a financial institution gets into trouble, the regulator steps in to sort it out. Put that on the agenda for a law in May, will you, Alice".


Unfortunately, it assumes that there is someone at the FSA who is capable of sorting things out. And, to be frank, there isn't. People work for regulators at lower pay rather than for financial institutions at higher pay for very good reasons. (1) They prefer safety to risk (your job is much safer at the FSA). (2) Some of them simply aren't good enough to cut it in the private sector. (3) They have a bureaucratic rather than an entrepreneurial mindset. (4) They tend to be uncomfortable in a system that demands quarterly results, profits, and has institutional investors on your back.

In other words, putting people like this into an entrepreneurial operation that looks like it is getting into trouble is like sending the firemen from Camberwick Green to put out the blaze at the Royal Marsden. Although it might look pretty for the camera, it wouldn't do much good.

++++++

Illiteracy spreads apace at the BBC. 6 Music has gone downhill of late. Its mid-morning presenter George Lamb is a Chris Moyles wannabe without the talent (yes, I know what you are thinking -- how is this possible?) He's dreadful, utterly talentless, bereft of wit and, quite clearly, not very intelligent. I assume that 6 Music felt Gideon Coe to be far too astute for daytime radio listeners, so they put him out to grass in the John Peel slot.

Other DJs seem to see no point in actually announcing the titles of the songs that they play. A typical trick will be to start a show with three or four tracks back-to-back, at which point the DJ will announce, in about 10 seconds, two of the titles, forgetting anything earlier than that -- or perhaps assuming that the average listener has too short an attention span to care what happened more than five miinutes ago. Last week a track was played from long ago, and I thought to myself "Hell, who was that?" Needless to say, information from the vapid presenter (Nimone) was unforthcoming (I had to google the lyrics to find out. It was "Fly Like An Eagle (Time Keeps On Slipping)" by the Steve Miller Band).



And then, on the news last night, came the classic line that the Kenyan Police/National/Guard/Army had used water cannon "to break up protestors".

Er, I think you mean "to break up protests", luv. Still, it shows what opinion you have of tyhe intelligence of anyone who listens to pop music.

All of this is rather sad, because the station still plays the best popular music of any radio stations I know.

++++++++

Marketing desperation time.

Amazon is known for its cleverness in marketing "similarities". "You liked this, so you'll probably be interested in buying this".

I was therefore a bit bemused to see an e-mail from Amazon.com that was so desperate that it started with the line "As someone who has bought a book from Amazon, you might be interested...."

Presumably the mere activity of book-buying on Amazon.com is now so niche-like that the marketers say "hey, this guy bought a book! Shall we market another book to him?"

+++++++++++++


And now, the time-consuming stuff...


Even mid-afternoon, sometimes people decide to throw money at you.

Texas Hold'em NL $1.00/$2.00
Table Sinndar
Seat 1: XelTy ($113.00 in chips) DEALER
Seat 2: escrima223 ($274.70 in chips)
Seat 3: flich ($63.75 in chips)
Seat 5: Villain_1 ($141.95 in chips) (not many details)
Seat 6: Checkotay ($34.00 in chips)
Seat 7: Hero ($178.00 in chips)
Seat 8: Josua1230 ($63.00 in chips)
Seat 9: 7thnation ($35.00 in chips)
escrima223: Post SB $1.00
flich: Post BB $2.00
*** HOLE CARDS ***
Dealt to Villain_1 [Q♡ 9◊]
Dealt to Hero [J♡ T♡]
Villain_1: Call $2.00
Checkotay: Fold
Hero: Raise $6.00
Josua1230: Fold
7thnation: Fold
XelTy: Fold
escrima223: Call $5.00
flich: Fold
Villain_1: Call $4.00
*** FLOP *** [A♡ 6♡ 5♡]
escrima223: Check
Villain_1: Bet $10.00
Hero: Raise $30.00
escrima223: Fold
Villain_1: Allin $125.95

If he had a set, he’d not have led out (not that I reallly care that much). If he had flopped the nut flush, he definitely would not have led out. I’d put a lot of money on him having something like KQ off, with either the King or the Queen being a heart, Or AQ off (Queen of hearts). AK (king of hearts) is not so likely, because if he’s prepared to punt like this here with AK off, then he would probably have played it pre-flop more aggressively. Still, not to be ruled out. No way does he have the nut flush or second nut-flush flopped (I hope!). He would probably mini reraise me with those hands. He wouldn’t shove.

I’ve got good equity against anything he can reasonably have, and better equity against anything that he’s likely to have.


Hero: Call $105.95
*** TURN *** [7♣]
*** RIVER *** [5♣]
*** SUMMARY ***
Total pot $288.90 Rake $3.00
Hero: wins $288.90


Texas Hold'em NL $0.50/$1.00
Table Aluminum
Seat 1: Pokerpausi ($146.95 in chips) DEALER
Seat 2: Hero ($78.00 in chips)
Seat 4: MichaelRua ($154.55 in chips)
Seat 5: yannovsky ($12.25 in chips)
Seat 6: Ulricus ($104.05 in chips)
Seat 7: KH01 ($103.70 in chips)
Seat 9: kali18 ($111.50 in chips)
Seat 10: Villain_2 ($105.45 in chips) (33%/8% over small sample)
Hero: Post SB $0.50
MichaelRua: Post BB $1.00
*** HOLE CARDS ***
Dealt to Villain_2 [A♣ A♡]
Dealt to Hero [6♡ 5♡]
yannovsky: Raise $2.00
Ulricus: Fold
KH01: Fold
kali18: Fold
Villain_2: Call $2.00
Pokerpausi: Fold
Hero: Call $1.50
MichaelRua: Call $1.00
*** FLOP *** [8♡ 5♠ 5◊]
Hero: Check
MichaelRua: Check
yannovsky: Bet $2.00
Villain_2: Raise $6.00
Hero: Call $6.00
MichaelRua: Fold
yannovsky: Fold
*** TURN *** [T♣]
Hero: Check
Villain_2: Bet $10.00
Hero: Call $10.00
*** RIVER *** [Q♡]
Hero: Check
Villain_2: Bet $15.00
Hero: Call $15.00

I should check-raise here (even though I only started the hand with $78), but if I had a full stack or more, do I mini-check-raise (and fold to any shove), or check-raise for a greater amount, effectively committing myself? (In this particular case, any check-raise commits me.) I’m going to run some numbers on this, given my opponent’s range. I suspect that a check mini-raise gains me something like five bucks extra EV, assuming opponent only reraises all-in with a hand that beats me and that I fold to that every time. But these trip hands, bad kicker, are weaker than people think. Nothing in his betting stops him having A5s, 88 or TT.

Standard line here is probably to check-raise the turn, but I’ve found myself losing my market when I’ve done that – unless I’m beaten. I think that check-call, check-call, check, mini-raise has the bets EV against opponent’s range.

Then again, even if I slightly misplayed it – opponent absolutely carved it dreadfully.

*** SUMMARY ***
Total pot $69.00 Rake $3.00
Hero: wins $69.00

August 2023

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