04-25-06 [poker] - 3

04-25-06 [poker]

I took my first shot at a WSOP seat. It was a $50 satellite ($55), and over 1000 people were in it, so that meant the top 5 players got seats. So, 5/1000 = 1/200 , I figure my chance at a seat is maybe 1/100 ? I hate playing events like that where 99% of the time you get nothing, the variance is just huge. Anyway I got knocked out when I ran my AA into K9. People play super-nutty in these things, so they're clearly +EV, but it's still annoying that I could easily play 100 times (for $5500) and not get a seat. For some reason the fact that it's a big satellite just makes everyone go insane. They think they need to gamble it up to get a high finish, which is partly true, but of course you shouldn't be taking -EV gambles, just +EV gambles just like you always do. If anything I wind up playing tighter than normal in these things because everyone is such a nut you can just wait for big pairs and get in against two undercards.

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