Cool article. I haven't played higher stakes than $1/2 but I find his story to be completely at odds with what I've experienced there. Since theres no free alcohol, almost no tourists, long wait lists, and no one spending the night at hotels there, i found players to be mostly pretty knowledgeable regulars; not great, but no major flaws and they play enough to not really be fish. Although he seems to be playing the $10/$25 game which could be a whole different world, if you have several $k to sit down with. Yet he says the table is 7 pros and 2 fish...not sure i like those odds.
Oddly too the main guy doesn't seem all that believable, and says he wins $150/hr at $5/$10, which is 15BB/hr. I thought that was a ridiculously high amount for live poker but could be wrong.
my take is low limits is retirees, people new to the game, and people like me that dont play all that often to have a big bankroll but study the game. high stakes is pros, and people with a lot of money to burn that want a shot to take on some pros. i'm more curious what the middle stakes are like.
i think what's surprising to me is that MD live would have enough high-stakes fish other than an occasional friday or saturday. those fish are generally known to not play all that often, and even if you're rich it has to get old dropping $20k a night like this article seems to suggest. i also thought a lot of rich fish play in semi-exclusive home games instead, for privacy and other perks.
1. There probably is a shit load of money to be made at mid to high stakes if you have the bankroll and can tolerate the variance. There are a lot of people with money in the area who want to play poker, but don't know how to.
2. Low stakes like $1/$2 is also beatable but again high variance. Probably much higher relative to the stakes. I agree with what Guy 1 said. Nearly everyone playing $1/$2 is there specifically to play poker. They are coming for a few hours after work etc. instead of spending a weekend gambling and getting drunk at a resort like AC. I find $1/$2 games in AC to generally be much weaker.
3. 'One of the largest poker rooms outside of Las Vegas'. I am pretty positive Live has bigger poker room than any Vegas casino, except at the Rio during the WSOP.
4. The online username that he mentions 'Potripper' was one of the UB/AP superuser accounts that could see players cards and cheated them out of millions of dollars. The other username 'Crazymarco' was one of Potripper's victims who realized something strange was going on and brought it to everyone's attention.
Guy 1 again
Agree. Yeah the oddest part of the article is how he talks about playing a low variance game, which most pros agree will give you a much lower profit in the long-run, and will make you easily exploitable. He is playing a lot of hands vs the "fish" as well he states, so I wonder what he does when he three-bets T9s, flops top pair, and the fish over bets the pot for $20k. I cant imagine he could call if he is low-variance, so I'd think he would lose a lot of ~$1k pots, and occasionally hit a $20k pot. Sounds pretty high variance to me.
A few weeks ago I looked for a list of poker rooms by table amount and couldnt find a comprehensive one. Cardplayer last month had a neat sidebar about table quantity/stakes with some cool facts that they pulled from Bravo, I dont have it with me but the gist was that only Maryland, California, and Las Vegas had high stakes games going most of the time. Guy 2 is right though I think MD Live's 52 tables is only beat by like the Borgata, Foxwoods, and probably 2 in Cali like the Bike. Thats some lazy reporting.
Looks like he also just pulled some online names from some lazy googling, or watching Runner Runner. It would have made more sense for him to mention names such as "OMGClayAkins" or some of the other top pros who have insane names.
Re: the article's premise that there's more fish live because of the demise of US online poker: Is this generally agreed upon among poker players?
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