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Thursday, October 16, 2008

Genting Poker Tournament

I recently joined a poker tournament at Genting Casino. Went up with my wife, a fren, and a cousin over the weekend.

Managed to squeezed into the final table of 10. Came out 6th, out of a field of 300 contestants.

Prize money is a tiny RM3,000... :). Well, considering that the entry fee was RM500, and that included a complimentary room at the Resort Hotel, plus another complimentary room if one got into the semi-finals, I think thats not too bad a deal at all!

For your info, the first prize was RM75,000, second: RM30,000, Third: RM15,000, 4th to 5th: RM5,000, 6th to 10th: RM3,000. So you can see that i just missed out on 5th, which would have netted me another RM2k.

In fact, there was very little I could do at the final table, due to the fact that I was short-stacked all the way, and that the blinds were exceedingly high. I won the first hand, with an all-in with Ace-Jack, the flop came Ace-Jack-something, in the end I managed to KO 2 players with Jacks full of Aces. Not a bad start. Thereafter, I din have cards to even call the big blinds. Hence I folded and folded, whenever anyone at the table showed any strength. I gave them the benefit of doubt.

My final hand played out like this: first player folded, player 2 limped in just calling the big blind, player 3 folded, Me: after eye-balling player 2 and sizing him up for 6 seconds, I pushed all my stack all-in with Ace-Jack (and silently hoping others behind me fold) I gathered I have a better chance of heads-up with player 2, since he has been calling with rags many a times. Also, other players have been playing very tight. Even if someone behind called with any pairs less than jacks i would still be even-money. True enough, all players behind me folded to Player 2.

Now, i would be happy if player 2 folded at this point, cos my Ace-jack would be a severe underdog against ace queen or ace king (which I dun think he had since he just called the big blind), or just a coin flip with 10pairs or below. On the other hand, knowing player 2, I would not have minded if he called me, because he would have called me with Ace-10 or something worse, which by then I would be a super over-dog over him.

As it turned out, Player 2 called me. And true enough my read on him was correct. He had Ace-6 suited (diamonds). For the maths-inclined, that means I am 66% favourite to win, over his 27%, with approx 7% ending in a tie. I'm a favourite to win. Flop came out rainbow rags. By this time I'm in an even better position to win (80%). Player 2 can only win with a 6, or a runner runner diamond flush. Guess what... of course he caught the runner runner flush!!

Well, i told myself before the final table that I would go out with a bang. And a bang I did went out with. I guessed I could have played very very tight, and maybe I could have gotten 5th or 4th, and thus an additional RM2k. But I know I would not be satisfied if I had not play to the best of my judgment and ability, which I did when I pushed all-in with Ace-Jack against Player 2. The downside was that this "correct play" costed me RM2k.

Overall it has been a very good experience. I won some more at the tables. And of course my wife was with me all the while, which was the most important of all :)

3 comments:

Anonymous said...

hao-ge, huat ah !! =)

anyway, chong & i were pleasantly surprised with this post ... no, not the poker bit (tho that was surprising in the sense that i tot u should be very busy now that ur a father?!) ... but the fact that u managed to work out ur probabilities very well!

guess probability was in E Maths and not A Maths huh?

Kelvin Lim said...

yo ber,

yah thanks for the E maths confirmation... remember i was the "outstanding" A maths student in Mrs Wee's class (probably wrecked her immaculate record of straight As with an attention grabbing C6)

yah.. usually at the poker table, u can onli at best make a rough estimate, which works quite well in "probability" terms...

while writing, i had the luxury of using an online sort of calculator to support my guesstimates...

hey make some comments on my latest "financial" post leh..

Peter Pan said...

Am going to attend this week's tournament ... anything else you may want to share? ;)

are you attending this time?