Kvetcher Linda

Hey, I got noticed in her blog when I used the title ‘Poor Linda’, the other day. This should be worthy of a link…doncha think. She does complain a bit at times so I can probably sneak this past the practices committee. Oops! that is Linda too. Well, fools rush in where…

She really doesn’t complain as much as rile. I could go on with the topic but the real blog is about her in the Chris Ferguson blog. She complains she not progressing fast enough. HELLO!

You will note that 7 months in the gentlemen had $6. I don’t remember him writing a woe is me blog along the way.

The challenge idea is an interesting one. It is also a near insurmountable one. He had a reason beyond the idea and that was to promote bankroll management. If you followed his idea it was pretty anal – which isn’t out of line for a math/sciences major.

So how’d he do it?

Starting with nothing but a Full Tilt Poker account, Chris played in Freerolls until he earned enough to graduate to games with a real-money buy-in. From there, Chris built up his bankroll by adhering to this strict set of guidelines:

• He never buys into a cash game or a Sit & Go with more than 5 percent of his total bankroll (there is an exception for the lowest limits: he is allowed to buy into any game with a buy-in of $2.50 or less).
• He doesn’t buy into a multi-table tournament for more than 2 percent of his total bankroll, but he’s allowed to buy into any multi-table tournament that costs $1.
• If at any time during a No-Limit or Pot-Limit cash-game session the money on the table represents more than 10 percent of his total bankroll, he must leave the game when the blinds reach him.

So, let us review the to date chart.

Following on the heels of the other chart, we see that big gains didn’t show up for some time. A year went by and that roll was close to flat lining. He wasn’t complaining but the networks weren’t hounding him for the right. Then in July and August, he went on a heater. If we want to be cynics, we might say that the good cash/tournment players were heading for the WSOP – so competition dropped. I’d guess it was just one of those heaters that brings bragging to blog – demonstrated here a week or so back about my PokerStars success.

It was about that time that Mike Craig – the other one; not the one on The Young and Restless — proceeded with more of his knob polishing and talking about Jesus in a biblical sense on his blog. Here on my blog and discussing my own brilliance, I was forced to polish my own knob. That wasn’t too productive on my part. Maybe Mike managed to liberate a Mont Blanc in the process – hopefully with a full ink reservoir so he didn’t have to rush back out to steal the ink bottle.

Well, is there anything we can take away from all this? Maybe. Linda ‘chided’ me when I pointed out those rules listed above. No way was she going to let rules stand in her way. She’d seen enough of that crap at the Bellagio. So things got liberalized a bit. No big deal and I was properly chagrined.

Well, I mention Chris as anal. The proper reference would be disciplined. And, his rule structure confirms that. He went on a heater. Nice! Got his knob polished complement of the FullTilt blog. All kinds of talk about going to 100K for charity and all that. Probably would have gotten the interest of the studios had that happened.

Well, if you look at that chart as a stock, it makes a very interesting chart. There are two exponential moves in the CF stock. Such moves are noted as unsustainable. We would expect a Fibonacci retracement which would give back roughly a third to a half of the stocks value with more credence given to the stock that manages only the more modest one. Our CF stock retraces and seems still folowable for investing. We get another move and there we get what is referred to as a head and shoulders top. We can now say we are finished with the CF stock. Such a pattern is about as bad as it gets in charting such stock and based on the amounts the result would be busto. Chris –being smarter than most – saw the chart and the mountain ahead and appears to have said, “Enough is enough.” and I say that is pure genius.

You’ve probably heard the one about the college kid that turned a ten-spot into a dozen dimes or such over a weekend. There are a number of similar stories and they might well have happened. Such events are called a Rampage. One can get lucky. In fact it happens to all of us all the time. Typically, not to the same scale. One whoever pulls off such a feat the schmuck that got blind sided is a total loser and that may be no fault of his own. After all, the success is a luck based encounter and not the reasonable amount of big blinds a superior player might hope for or expect.

If there is anything to take away here it is that trying to make a living at the tables isn’t going to be an easy road. And rampages can run in both directions – as a very disciplined player’s graph points out

(Earlier he did the same but went from $1 to 10K. I’d say that was a far greater feat. In that there was no freeroll to fall back on. Call it luck/skill/whatever, it was a near impossible feat.)

ADDENDUM:

I was doing my usual read over on Pokernews and they are starting a school and giving away money. I got a bit of a laugh when they said “Certain restrictions apply.”

Some players, depending on nationality, are currently not eligible to participate in Poker Professor’s bankroll-funding offer. Those nationalities include, but are not necessarily limited to, the United States and its territories, Israel, Antigua and Barbuda, Netherlands Antilles, Estonia, Cyprus, Kahnawake, Bulgaria, Hong Kong, China, the Philippines, and Turkey.

Meet the haves and the have nots.

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For conspiracy theorists:

1. Hillary wins the Democratic Party nomination for President of the United States.

2. Naturally, she wants to choose as her running mate someone with a lot of knowledge and experience in government and foreign affairs, someone who is a seasoned campaigner who could bring a lot of strength to the ticket. Who better than Bill, her husband?!!!

3. Hill and Bill go on to win the election in November and the Democrats maintain control of the House and the Senate.

4. Hillary is sworn in as President on January 20, 2009. The next day, after all the inauguration parties are over, she calls a press conference to make an announcement: she is resigning as President!!! Bill, as the Vice President, immediately becomes President!!! This is all perfectly legal under the 22nd Amendment to the Constitution, for it states that “no person may be elected as president more than twice”. Bill is not being elected for a third term but is merely serving out the remainder of Hillary’s term—all 4 years of it.

5. But wait! There’s more! The following day Bill calls a press conference to make an announcement. He has chosen someone to fill the now-vacant office of Vice President. Guess who he picks? Why, Hillary, of course!!! So she can run for two more terms

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For the rest of us:

A Texas cowboy is attending a social function where Hillary Clinton is gathering support for her nomination. Upon discovering the cowboy is a Republican, she starts to belittle him by talking in a southern drawl, using single syllable words. While doing that, she was swatting some flies that were buzzing around her head. The cowboy says, “Y’all havin’ some problem with them circle flies?”

She stopped and said, “Well yes, if that’s what they’re called. I’ve never heard of circle flies.”

“Well ma’am,” the cowboy replies, “circle flies hang ’round ranches. They call ‘em circle flies ‘cuz they’re found circlin’ ’round the rear end of a horse.”

“Oh,” she says, and goes back to rambling. A moment later she stops to ask, “Are you calling me a horse’s ass?”

“No, ma’am,” says the cowboy, “I’ve too much respect for cit’zens of New York to call their Senator a horse’s ass.”

“That’s a good thing,” she says, and rambles on again.

After a long pause, the cowboy says, “Hard to fool them flies though.”

This entry was posted on Thursday, February 7th, 2008 at 11:52 am and is filed under Poker Other. Responses are currently closed, but you can trackback from your own site.