I have continued to play tournaments while in Vegas, and I'm up over the last two days despite being down a lot since the onset of the trip. At several points, I've wondered whether I am an above average player or just another person feeding the coffers of Vegas veterans. I feel very confident that my math skills match up with the professionals, but I've learned a two things that have been my downfall. First, I don't have the courage to play solid no-limit poker. I am too frightened of losing all my money with anything but the best hand, and if you play from such a conservative position, you can be assured of sub-optimal returns. To counter this, I have only played limit cash games and tournaments, where your losses are capped for any particular set of hands. Second, when I placed second yesterday in a tournament, I got some of the worst news possible. The man who won told me I had an explicit tell whenever I look down and see two strong cards. A tell is something, a hand gesture or facial tick, which conveys something about your cards or intentions. Although I will try to control this going forward, this can be the knell for a poker bankroll. It appears that although I have the brains, I lack the composure to be a long-term winner. This is poker, for me at least, at its worst.
In addition to Phil Ivey, Antonio Esfandiari is also remaining and I've included a picture of him below. Play for the final 27 begins today at noon, but I also watched when there were 120 players remaining in the tournament. In this field there were several other greats in the field, including two former champions, Joe Hachem and Peter Eastgate. They were both seated at ESPN's feature table and I snagged a picture below title "Table of Champions." The last female in the tournament is Leo Margets, and you can see her in the above picture on the right. I wish her luck because no female has made it to the final table of the Main Event since poker became nationally recognized. This year's winner will be paid $8.5 million from a $10,000 buy-in. This is poker at its best.
So I am really happy that I came to Vegas early as I got to watch the last few days of the World Series of Poker $10,000 buy-in Main Event. This is a truly incredible year as several professional players have made it very deep in the ranks of 6,000+ who started. The first of whom is Phil Ivey, pictured above on the left. He is easily one of the top ten players in professional poker and with the 4th largest chip stack, he's now the favorite to win with only 27 remaining. This is a huge accomplishment which gets at the essence of poker. Unlike chess, where the best players never lose to amateurs, poker is a game where even world champions can lose any given hand to a novice. The cause is that poker is a game of skill and chance. Every hand is filled with the luck of the draw, but over hundreds and thousands of hands, the professional's edge begins to be displayed. Like a coin weighted slightly so that it comes up heads 55% of the time, a professional at his best can only guarantee the odds are in his favor; he can never be assured of victory.
But without dismay, I'm still having a great time and will be joined by several others in Vegas beginning today. I also will be dropping by to watch more of the WSOP action, which is 100% free. This is a great vacation and fulfilling why I came to Vegas. Enjoy the pictures below.
Miles driven: 3,670
Quote of the day: “If you're playing a poker game and you look around the table and and can't tell who the sucker is, it's you.” Attributed to Paul Newman
Poker update: Down over a thousand but having a good time.