2+2 Tomfoolery, and it barely mentions Neteller!

In on ongoing discussion about whether or not a “rake free” poker site would actually be legal in the U.S., I felt compelled to participate.

The thread is here, but I wanted to share my most recent post with you all, and ask for thoughts/comment. Am I smoking crack here, or what? I don’t think I’ll actually get a good explanation behind the alleged legality of such a site from anyone in that thread, but I know there’s some really bright poker bloggers here. And unlike lil-legal-beagle me, actually some that have been to law school.

Anyway, here’s the post:

The UIGEA does not differentiate between poker-only sites and sites that combine poker with a sports book.

At any rate, I’d love to see a rake free online poker site. Hell, I’m just hoping there’s any sites to play on a few months down the road. I’m just saying there’s no chance in hell anyone’s ever going to actually open one up under the current legal environment, because anyone who does under this environment is risking the wrath of the DoJ.

For all those who beg to differ, I kindly invite them to be the next to open up a site.

You know, it’s like all those who rampantly support the invasion and occupation of Iraq. When I ask them why, if they support the war so much, and think the US is doing the right thing, they didn’t volunteer and enlist, I get nothing but “uh…uh…uh…,” or worse, some lame ass excuse like, “well, I can’t quit my job”, or “I’m still in college”. In other words, for you folks who think it’s stone cold legal right now, why aren’t you putting together such a business?

It’s easy to sit and sideline quarterback. And it’s certainly possible that no near-future prosecutions result in convictions. But no smart businessman is even going to contemplate entering the online poker space in the US at a time when those businessmen are getting picked off like target ducks in a shooting gallery.

As for the Wire Act, it covers gambling. And, it is clear that poker involves gambling. Now, I’m not going to sit here and pretend that I know each and every minute detail about the application of the UIGEA. However, the implications of the UIGEA to the banking sector that must process the transactions funding poker sites and accounts are obvious. So you set up a rake free site. How do you fund it? Your bank’s not going to accept a transaction funding that site any more than they will a transaction to FTP or PS. You think an argument that “rake free means it’s legal” is going to hold water with Citigroup’s 1000 strong legal department?

I’m sorry, I’m not trying to get into a pissing contest with you. I am not an attorney. But the fact is, I am in fact, in the legal industry, and, while I’m not an expert in federal regulatory law (I work in complex commercial litigation), I think I’ve got a pretty decent understanding of why there is no difference in the eyes of the Wire Act or UIGEA between a raked poker site and a non-raked poker site.

The fact that the OP is asking why the PPA doesn’t actually create and run a poker site themselves is instructive here. And while I entirely agree that current state law vis-a-vis poker (whether online or off) is a veritiable varietal feast of differences, none of that makes a rake free site legal, where the financial transactions involved would appear to violate other federal laws. Remember, this isn’t really even about whether it’s legal or not for you or I to play a game of poker online, it’s about whether or not it’s legal for those sites to operate and execute transactions involving money.

Anyway, if you can make a colorable argument as to why a rake free site would be legal under existing law, I’m all ears. I’d like to be encouraged about the prospect of continuing my own ongoing FTP odyssey.

But if there is one inalienable truth about 2+2 (and probably all poker forums…I only cite 2+2 because it’s the only one I frequent), it’s the fact that the overall online poker playing populace is, for the most part, far too pollyanna-ish about what it is they do and its current legal predicament. If all the information folks use to form their opinions on comes from poker forums, poker websites, poker blogs, etc., you’re only going to get the analysis of others in the poker community – *all* of whom have a vested interest in the outcome, and *all* of whom are subject to have their analysis and opinions colored by that vested interest.

Right now, Capitol Hill has no stomach to change the UIGEA at all, and frankly, their priorities are better placed elsewhere. (Contrary to popular belief, a poker carve out of the UIGEA should only be about the 83rd highest priority on your elected congressman’s list right now, given the war, energy issues, etc.) The current DoJ administration is clearly on some kind of crusade that won’t end until at least the next presidential cycle. These two factors make it pretty much dead in the water, any idea of a company stepping in and filling the gap that’s being created by poker sites and transactional companies closing themselves off to the US.

Anyway, I’m really not trying to sound (very) snarky here, but comparing the legality of a home poker game to the legality of an online rake free poker site is just silly.”

80% Guarantee to Busto (aka AA in 1st Position)

Had a weekend that was both fun, and frustrating. Played a few MTTs on Saturday, and finished 4th in a $10+1 PL Omaha…of course, I’m wondering where the hell Drizztdj is during all then, when I’m actually playing Omaha successfully for once. But anyway, it was a blast. I love playing PL Omaha, but the evening tourneys just take so much longer to actually crack the bubble, so I don’t play as many as I’d like. Also picked up a couple Tier One tokens, and a bit of SNG cash. All in all, a good day, and added to the roll, if only just slightly, overall.

Anyway, Sunday was far more frustrating. In the FTP $7,500 guarantee, I picked up AA 4 times in the span of about 100 hands. GG me, right? Nope. Every time, I was in either 1st position or 2nd. So the first time, I don’t want to get cute. I’m pretty short stacked, and just shove. Get one caller. Double up. Yay.

2nd time? 1st to act, standard 3x raise, all fold, pick up the blind.

3rd time? 2nd to act, standard 3x raise, all fold, pick up the blind.

Unfortunately, aside from AA, I was pretty card dead, so as we get towards the bubble, I’m looking to extract value from hands I do get. Which eventually leads me to…

4th time? 1st to act. No more standard raise, I want action. We’re close to the bubble, another 30 spots or so, and I’m near the bottom of remaining players. I’m looking for a double or more. I think blinds were 200/400 with an ante of either 50 or 75. I want chips.

So no more 3x BB. I raise to 2x BB. Get one caller from SB. And then I blow it. On a 3-spade flop, I push, to show power. Duh. SB called with 54s. Boom. Lost to the flush. Out. 94th of 504, paying 54. Not quite as heartbreaking as Saturday’s $7.5k, where I went out 76 of 476, paying 45, but damn. One more standard raise, buy the blinds and antes, and I’m probably in the clear…

What’s the phrase? “Sucks to be you?”

Anyway, Sunday was horrible all over. 9 tourneys, not a single cash, including a few just a spot or two off breaking the bubble. And a couple more tantalizingly close to the bubble, where the difference was one or two pots. 65th of 347, 20th of 90, 26th of 77…that kinda day.

And to top it off, my pub league was having it’s annual year end tourney. I know, it’s almost February, but they do things slower in Longmont. Once again, AJ < K5. Always. And AT < 85. And once again, Mondo megatilts in public. Not a problem until my last couple power mucks. I can lose to donks daily and nightly, and ever so rightly, online, and always remain dead calm. But to hit the rail yet again to the same donkeyfucker whose done it to me 4-5 times before, and always with a hand far worse than mine when the money goes in, in a live situation…

Anyway, it’s nearly the end of January.

The online BR has wavered between $400 to it’s current low of around $120 + one token, as I donked off about $110 or so in buy-ins yesterday with nothing to show for it. Time to get a’movin. With the uncertain nature of ever being able to withdraw from sites, I don’t have any intention to reload if it comes to that. Not that I’d mind reloading, if need be, but I couldn’t stand the idea of actually reloading, then hitting one of the big tourneys, and never being able to withdraw. This is still a hobby for me, and a learning process, and since I only reload in smallish amounts, and rare occasions, busto isn’t really busto. But, I’d rather just save my ducats for live tourneys in Blackhawk, for a payday I can actually take home. So, I’ll take my shots for the next few days or weeks, and see what happens. Most likely, you don’t see me buying Gift2Go Visas, no matter how useful they may be. I’ve been encouraged by my play, especially in last week’s Daily Double, but I only have enough BR to take a couple more shots at that. Or 20 $6 SNGs. Or I can just keep working the $5/$10 MTTs…but if you don’t see me at the Mookie, or the next Riverchasers, you’ll know what happened….busto.

Maybe the guvmint’s achieving their desired effect. But they’re turning a golden goose into a eunuch at the same time, dontcha think?

A Donk’s Call to Arms

Okay, with apologies to Falstaff, who surely is no rank donk, I wanted to pass on to the three people who read this blog, his clarion call to arms in an attempt to save this wee entertainment we call online poker.

From Midnight on February 8th (EST) through Midnight on Sunday February 11 (PST), do not play any internet poker.

And not just online. Any poker. Brick and mortar casinos (at least Harrah’s) helped get the UIGEA in place, indirectly, by funding the warchests of those who are most responsible for it becoming current law.

The online sites aren’t doing nearly enough to preserve the American market, either through short-sightedness or intimidation.

I plan on joining, do you?

Watching the Rebuild

As a 2+2 lurker, usually in the MTTc section, I am often entertained, and sometimes confounded, by reading the subjects of the day. Today, I was inspired. A Stars player, gdsdiscolfer, somehow picked up a keylogger, and his entire PS account was cleaned out, by someone logging in from Vietnam, in 11 hands of 30/60 LHE. A bankroll of around $1400, completely vaporized in minutes.

So what does the MTTc community do? You can read all about it here. That’s a whole lot of generosity. Anyway, $420 in small donations later, and a good SNG session to start out, and gdsdiscolfer is on the long road to recovery.

Why post about it here? Well, as a way to thank the community for their generosity, and to share with them progress of his recovery, gdsdiscolfer has started a blog. It should be interesting to follow his progress. Please join me in linking his blog.

While I don’t have a $$$ account at Stars, gdsdiscgolfer, I wish you all the best.

That didn’t take long…

Went out 81st in Daily Double B, to this (money in preflop):

That one kinda hurt. Left me with about 400 chips, and nearly pulled the next hand off until my KJ was crushed by J8. Oh well. Cash is cash, and I get to share in the 3% jackpot ($677 tonight) that everyone who cashed in both tourneys gets. Since, at most, 126 players could cash in both, that’s an extra…here…lemme add it up…$4 minimum, woo! Unfortunately, I suspect that even if I manage to ship first place in Tourney A, the average finish of 41st won’t be the best combined finish of the night. I was 11 of 11 in showdowns (combined in both Daily Double tourneys) up until those two hands, and played (for me) incredibly tight, seeing only 12% of flops combined.

Frankly, I dunno how many made it into the $$$ on both, but I’d reckon at least 40-50, most likely. After sitting around short stacked in the money for a while, shoving or folding, I run into this:

Woohoo! That put me up to 20th of 29, but still 1/2 of the average chips. But now, I’m cooking with gas and can actually play cards.

Anyway, it’s all over. Found out that JJ < T9, when you're the SS and chip leader is on your left:

Oh, and my last hand before break in the $5.50 Omahi Hi? Kinda speaks for itself. Knocked my ass outta the tourney on this one. Sometimes, the nut flush ain’t the nut flush. Oh well, I was bottom in chips, and I feared what villain showed:

Funny thing of all this is, out of over 2700 players, I’m still alive in the Poker After Dark. Currently 56 of 76 going into third break…

There’s just something about KK….

I haven’t posted much in the past few days, mostly because I’ve had nothing worthwhile to say. The Neteller is quelle bummer. Especially because if I lose my bankroll, I don’t like the options available to reload, so I’ll probably be done for a while. Well, that’s not entirely the case. I have about a half million points in the free side of my FTP account…that should last me about 47 years.

But KK has played a fairly significant role for me this week, in ways good and bad. I’ve taken to playing the $11+1 SNGs, even though my current bankroll…at about $150 or so doesn’t come close to supporting 1oox the buy-in. Why? Because I like the competition at that level, and because there’s a bit less donking than at the $6+.50 level. At least that’s been my perception.

At least that was my perception until last night. Down to 4 players (3 pay). I’m in 4th, but 2nd-4th are real close in chips. The former chip leader, who got where he was by instashoving nearly every hand. Anyway, he’s back to our level, and he tries to rise again the same way. I sit in the BB with KK (yeah, baby!), and ask him if he wants a call. He says “of course!”, so naturally, I oblige. I’m gobsmacked delighted to see him turn over K2o. Decidedly less so when the flop comes 345. And even less so with the A on the turn. Ack. I’m out on the bubble again.

Anyway, tonights the night of the Level 2 Poker After Dark that I won my way into. Dumbass that I am, I had no idea you could directly enter level 2 for 100 FTP points, but what the hell. So, since I’m home playing, I decide to take my first crack at the Daily Double, when what do I run into? Yeah baby, KK. Yet this time, it had a decidely different ending:

Dems Quads Bitches! Yeah. Being relatively short-stacked at the time, and being raised to 600, the shove seemed like a good thing to do at the time. And it even worked! This was in Daily Double A, and ironically, at the VERY SAME TIME, in Daily Double B, I also had KK, all in, called by TT, and it held. No screenie of it, but just the same, more evidence that FTP is fixed (cough, cough). At least the suits were different. I like KK these days.

In another stroke of irony, as I write this, it sure looks like there’s no way I’ll final table the Poker After Dark dealio, but I’m already in the money in both Daily Doubles. We’ll see how they turn out, but just inside the bubble (153 in tourney A, 126 in tourney B), I’m about halfway up the standings in each. Not counting any chicks just yet, but money is money, and DQB is DQB.

If Wichita is for Linemen…

…then Council Bluffs can only be for self-flagellation.

I entered Year of the Blogger with the stated goal of playing one of the $1500 NLHE events at this year’s WSOP. In fact, given the emerging details of this summer’s McAwesome WPBT Summer Classic 2007 (thanks, Falstaff!), I had everything laid out just dandy. Hit Vega$ for the WPBT, play WSOP Event #15, and sweat the Good Doctor Mondo in the $1000 Ladies event.

But alas, once a hamster gets on a wheel, you just never know what’s going to happen. On a slow morning at work I read a thread over on 2+2 (which I can’t link to at the moment), and everything changed in an instant. I went into this year willing to take $1.5k off my non-poker bankroll just to give it one shot. The way I figure it, my proper poker bankroll won’t get enough play to actually build a buy-in this year, but I’m feeling good about my tourney game, and given good non-poker fortune the last couple of years, I can afford the beat.

That said, I’m not stoopid. Okay. Maybe I am. But I’m not unwise. Okay. Maybe I am. But I’m not unwilling to mitigate a risk, even if I’m foolish enough to take one in the first place. There we go. That nailed it. It hit me in the face like folding QQ pre-flop to a 3rd raised hammer. I may be willing to dump $1.5k tilting at windmills, but if I can spend that on three shots at the sterling silver ring, rather than one shot at the brass ring (or WSOP bracelet, as the case may be), why not take it? That is, because given time considerations, I’m looking at a $300 event and two $500 events, not even the circuit main event, because…well…because that’s still a $5k buy-in, and I have to be back at work on the day it starts, anyway.

This means no WSOP for Mondo, though, if I don’t make a serious cash whilst playing in the amber waves of grain. It also means no WPBT Summer Classic 2007 , since if I busto in Iowa, I won’t be going to Vega$ this summer. The Good Doctor Mondo and I would wait for the Winter Classic instead, now that we’ve gotten quite used to subzero weather on the high plains.

Anyway, what few readers this blog has…I’m interested in your thoughts on this. Is Council Bluffs a +EV versus the WSOP? I know the weather is massively -EV, and there will be no drunken Pai-Gow at the Horseshoe for me this trip. It should be the softest circuit of all, given that the big rollers will be at the World Poker Open (Borgata) at the time and because….well…because it’s freakin’ Council Bluffs, Iowa.

And I say that meaning no disrespect to Iowans, or even those across the river in Nebraska, because I’ve been through there, and it’s far far far prettier than the bare soul torturous landscape I spent five years in, in Cheyenne, WY. Yup.

As a side note, I seem to be pushing back half my 2007 goals with this decision, and not playing ring NLHE at all, but am finally starting to find success at STTs, and enjoying the pursuit. Still taking a few too many beats and most of my cashes are 3rds and 2nds, but I’m not losing any bankroll yet, having moved up to $11+1. Maybe a new goal?

Then again, I may just bag the whole thing until I can find a circuit event that’s in a nice place, at a time of the year when the Good Doctor can come with, and ratchet up my live tourney stakes more slowly…

Something I haven’t gotten to say in a while

Dems Quads, Bitches!

Full Tilt Poker Game #1586882619: $6 + $0.50 Sit & Go (Turbo) (11540602), Table 1 – 60/120 – No Limit Hold’em – 20:18:44 ET – 2007/01/12
Seat 1: Mondogarage (860)
Seat 3: samuelsosa (775)
Seat 4: Pistols at Dawn (2,835)
Seat 5: jseabourn (940)
Seat 6: vallette (2,680)
Seat 7: cdawgbooya (4,370)
Seat 9: JackTheKing (1,040)
samuelsosa posts the small blind of 60
Pistols at Dawn posts the big blind of 120
The button is in seat #1
*** HOLE CARDS ***
Dealt to Mondogarage [7s 6s]
jseabourn folds
vallette folds
cdawgbooya calls 120
JackTheKing folds
Mondogarage raises to 540
samuelsosa folds
Pistols at Dawn folds
cdawgbooya calls 420
*** FLOP *** [7h 6h 7c]
cdawgbooya checks
Mondogarage checks
*** TURN *** [7h 6h 7c] [7d]
cdawgbooya bets 320
Mondogarage has 15 seconds left to act
Mondogarage calls 320, and is all in
cdawgbooya shows [Js Kc]
Mondogarage shows [7s 6s]
*** RIVER *** [7h 6h 7c 7d] [Ts]
cdawgbooya shows three of a kind, Sevens
Mondogarage shows four of a kind, Sevens
Mondogarage wins the pot (1,900) with four of a kind, Sevens
cdawgbooya: ahhhhh dude
Mondogarage: DQB
Mondogarage: dems quads beetches
Dealer: cdawgbooya has 15 seconds left to act
cdawgbooya: yes they are
Mondogarage: sorry…first I’ve seen of them in a while 😉
cdawgbooya: no need to apologize. dat’s poker yo

Oh, and just for a bit more fun and games…I was not involved in this hand, but the SS is priceless:

Something to help the 10-table crowd, and non-pokerin’ foolin’

I haven’t been playing a lot of poker lately. The Good Doctor Mondo and I were in sunny and bloody hot FLA for a wedding last weekend, and we’ve both been sick ever since. Delays come and go, but sitting on the DIA taxiway for two hours waiting to be de-iced…that’s just priceless.

Flew back on a plane containing far too many fuckers wearing Gators t-shirts. Took me half the flight to realize why…Denver’s a United hub. Duh. ‘Grats to the boys, but it was fun to make the Hook ‘Em Horns sign to many of them, since we were still current national champs until the following night. But since OSU delivered the ‘Horns their first loss of the year, it still seemed like just desserts.

Anyway, I did manage some game on Monday. Played two Tier One tokens and came away with one, played three MTTs and cashed in one (Omaha Hi, around 15th, paid 18), and a $10/90 SNG, where I donked my way to final table bubble. After being 2nd in chips, and finding my single biggest nemesis hand (AJo) in the cutoff, thought I’d push. BB woke up with AK suited, and that was that. Dumbass, I had no business being in that hand. Big difference between cashing around $18 and maybe cashing $200+, but a valuable lesson learned. No screenies, since I was on my wife’s laptop at the time…but the sum total was, six tourneys, three cashes, and barely any change in my bankroll at all.

Speaking of which, the boys at Beast Buy finally finished installing this on my bedroom wall today. It has a computer input, so I wonder how many tables I can fit on the screen. I may never have to leave bed again.

Off to a good start!

That’s the way, uh-huh, uh-huh, I like it.

It’s been a long time since I’ve made it deep into a large MTT. Armed with a token, some irish coffee, and a free night to play, with the Good Doctor Mondo down in sunny F L A, I thought I’d give the FT $25k guaranteed a shot. With nearly 1700 players, the prize pool turned out to be around $39k, and I was determined to get a piece.

Anyway, I knew I’d been too passive early on in previously MTTs, so I went in with an attitude of being more aggressive, trying to steal where appropriate, but after getting shot down a few times, I again found myself somewhat short-stacked and just trying to get to the bubble. Instead of chasing dodgy draws, I patiently looked for all in opportunities, and much to my surprise, the high pocket pairs finally started coming my way. AA late position called by KK, QQ called by KJo, pairs in steal positions called by rags…next thing you know, I was 10 for 10 in showdowns, and well past the bubble. Things were looking good. I was playing super TAG, seeing only 10% of flops for the tourney, but moving up through the money. Even though I never really got off a short stack relative to remaining players, and never had an M higher than 3 or 4, it seemed, no one could knock me out. If you were gonna play me, you were going to take me out or double me up. Visions of sugar plum fairies and four-digit payouts were in my head.

Alas, it wasn’t quite to be. After a strong run, I was still pretty short with 40 players left, when I woke up to 55 in the cutoff. For once, I didn’t push, I simply went 4x BB. The BB, who was shorter than I was, went over the top for an additional 4k, and I called. Felt good to see his K-something offsuit, as I was winning raced. Flop was pretty, turn was prettier still, and villain nailed a K for a three outer on the river. That pot would have finally put me firmly midstack, instead of last few of who remained. But I still had chips, if only a very very few. Sadly for me, I only had them for a moment, because later in that same orbit, the following happened:

So after going 10 for 10 in showdowns (where I was ahead 9/10 times when the chips went in), I lost my final two on the cruel, heartless river. In a snap of my fingers, it was over. Still, I can’t complain about turning the token into around $140, but it could have been oh so much better. As for the guy who donked off my 55 with his rivered K, he lasted about two hands after his win, utterly wasting his chips going AI with K3o (or something similar) in late position.

All in all, a good night. Much fun was had at the Mookie, and following sage advice from Smokkee and slb159, I’ve been playing lots of SNGs, as well. Typically, I used to stick with the $8 tokens, or more recently, the single table $6 turbos. It’s been working well — cashed in 3 of my last 4 $6 turbos, and also cashed in a $10+1 5-table. So, having reloaded for $250 to start the year, the bankroll’s now up to $400 in one night. I think I like this SNG strategy. Hopefully, I can turn $6 turbo winnings into $8 token buy-ins, and then keep using the tokens the best way possible.

This weekend, it’s off to sunny F L A for a wedding, so there won’t be any poker action for Mondo. However, I may try to squeeze in a couple SNGs tonight while packing, if any of you low buy-in grinders wanna join me.