Overcoming the 10% Juice in Sit-N-Go

The juice seems too big, but no so after doing the math.

# of Players:  6

Buy In:  10¢ + 1¢

Prize:  1st - 42¢, 2nd - 18¢, 3rd - 6th 0¢

Average Players Chance of Winning 1st or 2nd:  1/6 or 16.7%.  So at this win percentage the  average player's average win per round would be 60¢

Cost: 11¢ x 6  or 66¢

Break Even:  x = the higher win percentage to break even
42¢x + 18¢x = 66¢
x = 1.1
1.1 / 6 = 18.3%
So the break even percentage per hand is 18.3%, a bit more than 16.7%. With the better players
at the higher stakes, the micro sit-n-gos should have many loose players.

Pot Limit Omaha

This game, after a little checking, is second in popularity after no limit hold 'em.  Fixed limit hold 'em is third in popularity.  In pot limit omaha the pots can be big and is like no-limit.  This game seems to be growing in popularity compared to a few years ago when fixed limit hold em was the second most popular game.

Ladies Only $200 Freezeout

This was a choice tournament to enter into, if you were a lady, and it started a few minutes ago. The $200 is spread over the top five places, and there were only 37 players.  The minimum required is 20 players and the maximum is 2,000.  The buy-in was $2.20 so the 37 players spent a total of $81.40, and the payout is $200. 

This is a ladies only tournament and they are practically giving money away. In open tournaments, these situations are virtually non-existent.


1st Place  $80
2nd Place  $50
3rd Place  $30
4th Place  $24
5th Place  $16
Total Payout  $200.

$2.20 buy-in @ 37 entries = $81.40.

Completing a Draw

On YouTube, there are many videos of Jennifer Tillly playing poker. There is a video of her wearing a low blouse and when she catches a big hand on the flop, her chest heaves very visibly.

The King is playing no-limt freerolls and it is an experience that cannot be learned. The all-ins and bluffs when the blinds increase is what makes a tournament end and makes tournaments a different kind of animal than ring games. However, tournaments with all of its long term variance provides short term stability because you cannot lose more than your buy-in.  Freerolls are best for now.

Limit vs No Limit Poker

What is the difference between limit and no limit poker.  The King has played limit poker for almost three years and has won a tournament ticket from playing in freerolls.  He has studied no limit for a few months, has played in freeroll touraments and won 4 tournament tickets in a short period of time -  not more that two months. It is easier to win tournament tickets in no limit vs limt.

Gutshot Draw

An old postcard of the Sands Hotel in Las Vegas.

Editing photos make them look bettter.  Looking at photos of LV and paintings of the same, the paintings look better.

The King is still not playing for pennies, and playing just for play money heads-up. This game is like a psychologist training a laboratory animal. Previous hands affect the present hand because my opponent remembered the previous hand.  The King successfully bluffs the flop, on the next hand his opponent called his flop bet and folded on the turn bet.  Regularity is not good and unpredicatibility is desirable. the way his opponent thinks is how the King thinks.

If the King has been folding a lot to his opponent's aggression, was it because of bluffing or simply because of his opponent getting good cards? 

Four Day Losing Streak

The King is presently losing badly and the heads up, play money tables - four days in a row.  His balance has not gone done appreciably but losing makes him wonder if his skill level is high enough to beat the game... and at this level.  There were days that he won without effort and the good cards just came on and on, but at present the bad beats are nonstop. The same old story, his good hands get cracked by better hands and calling stations catch miracle cards.  Straight and flush draws don't complete and his opponent's draws come in.  Add to this the tilting.

It is like playing penny poker and his experiencing days of losing and bad beats by players catching miracle cards with garbage hands.

Getting back to reality, the King is still on a long rest from penny poker and organizing his books.