Vegas & The Aftermath - Diary

[tikay]

You sorted your Vegas schedule yet ?

Ha, no, not yet. Don't plan to play much this year, but I really ought to take a look at what suits my dates. In surprising news - very surprising news - I finished 21st of 423 for £610 at SPT Glasgow last weekend. Don't ask how many bullets I had though....

Had one of the weirdest experiences of my entire poker journey too. There were 2 Day 1's, & I carried a stack of 62,000 (25 Bigs) from Day 1A. Played again on Saturday, Day 1B, so if I went through, I surrender the smallest stack of the two. When they called "last 5 hands", I had 46,000. Well that's no good, so I needed a double up or bust, as 46,000 would be surrendered, & I was freerolling. So I moved all-in pre-flop for five consecutive hands with all sorts of junk - 6-2, 7-3, etc. Never got called once, but ended up with 72,000. Can honestly say it was one of the the most exciting 15 minutes I've ever had at the poker table, and the weirdest thing was that I was praying for a call each time, despite my ultra modest holdings. It just felt so wrong to get it in that bad and yet want a call.

Hope you & the family are all OK David.

[Doobs]

What the hell is this?

Retired city banker invests £12k and ends up with £8k and sues.

https://www.bbc.co.uk/news/business-61676208

The Woodford fund ended up as a shambles, but he is hardly a naive mug investor, it only seems to be part of his investments and it doesn't even seem much of a loss?  

Bankers seem to be naturally greedy. Hardly seems worth the effort, but it probably keeps him awake at nights. I wish £4,000 was the biggest loss I've suffered in share dealings in dodgy outfits.

Well that is it, bankers massively lacking in self awareness.  I lost more than that in banks in the financial crisis and thinking my banking shares were down 90% in total at one point (one was -100%).  Even though RBS put out terribly misleading statements, I mostly put it down to my own stupidity.   

I do think it is way too easy to say bankers, fund mamagers should have realised X could happen, when before X happpened, pretty much nobody was saying banks will go bust if X happens.  Like I work in insurance, so we look what will happen if there is a pandemic, what happens with high inflation, what happens in share crashes.  We do this a lot. 

I dare say nobody calculated what would happen if we have a pendemic, causing a lockdown, causing a share crash and then a massive surge in inflation, but interest rates will stay really low.  It is just a series of things you'd never put together.  Easy to say this could happen now, as we have just seen it, but the imagination doesn't stretch that far.  FWIW It really hasn't been that bad.    Mortality in the elderly isn't bad, most companies and shares recovered, and borrowing is still fairly cheap.  It could have bernway worse and "impossible" to predict.

Congrats on the min cash Tikay.

[redsimon]

if youre playing vegas ill have 1%

[tikay]

What the hell is this?

Retired city banker invests £12k and ends up with £8k and sues.

https://www.bbc.co.uk/news/business-61676208

The Woodford fund ended up as a shambles, but he is hardly a naive mug investor, it only seems to be part of his investments and it doesn't even seem much of a loss?  

Bankers seem to be naturally greedy. Hardly seems worth the effort, but it probably keeps him awake at nights. I wish £4,000 was the biggest loss I've suffered in share dealings in dodgy outfits.

Well that is it, bankers massively lacking in self awareness.  I lost more than that in banks in the financial crisis and thinking my banking shares were down 90% in total at one point (one was -100%).  Even though RBS put out terribly misleading statements, I mostly put it down to my own stupidity.   

I do think it is way too easy to say bankers, fund mamagers should have realised X could happen, when before X happpened, pretty much nobody was saying banks will go bust if X happens.  Like I work in insurance, so we look what will happen if there is a pandemic, what happens with high inflation, what happens in share crashes.  We do this a lot. 

I dare say nobody calculated what would happen if we have a pendemic, causing a lockdown, causing a share crash and then a massive surge in inflation, but interest rates will stay really low.  It is just a series of things you'd never put together.  Easy to say this could happen now, as we have just seen it, but the imagination doesn't stretch that far.  FWIW It really hasn't been that bad.    Mortality in the elderly isn't bad, most companies and shares recovered, and borrowing is still fairly cheap.  It could have bernway worse and "impossible" to predict.

Congrats on the min cash Tikay.

Min cash? MIN CASH? Behave.

[booder]

You sorted your Vegas schedule yet ?

[tikay]

You sorted your Vegas schedule yet ?

Hi David,

Hope all is well at home.

Sorry for delayed replies, not enough hours in the day.

redsimon asked too,  so I'll reply properly in next post.

Before I do though, a couple of nice photos I spotted on Twitter yesterday.

Click to see full-size image.

Click to see full-size image.

Click to see full-size image.

Click to see full-size image.

Click to see full-size image.

[tikay]

OK, so Vegas, in reply to booder & redsimon.

I'm only there 11 days in total, 9 days net of travelling, punctuated by three days on which I'll be working so can't play.  

That leaves 6 days, & I was hoping to find some nickel & dime stuff Downtown, but so far, I've not been able to find anything that suits.  (PLO8, PLO, Big O, Hi-Lo Stud, up to, say, $300 a pop).

But I did find one WSOP jobbie - Event 72, starting July 7th.




2022 WORLD SERIES OF POKER
EVENT #72: $1,500 MIXED OMAHA (TWO RE-ENTRIES)
Pot-Limit Omaha Hi-Lo 8 or Better; Omaha Hi-Lo 8 or Better; Big O (5 Card
Pot-Limit Omaha Hi-Lo 8 or Better) (7 HANDED)
 





It runs parallel with Day 2 of the WSOP Main, so that may affect number of entries.


So I plan to play that, all being well.

As it happens, a long-standing blonde friend, right out of the blue, surprised me most pleasantly by sending me a PM saying he'd like to take "up to 50%". (He's a regular customer). He did add that he was keen not to tread on anyone's toes, so if anyone else wanted some, he was cool with that & would buy less, as appropriate. Another blonde mate wants a little action, too.

So yes, if you were daft enough to want a little action, you'd be very welcome, ditto redsimon, & anyone else who may be interested.  

So the details would be as follows. I've used today's exchange rate of $1.22.

On that basis, if I have done my maths correctly;

1% = £12.30

2% = £24.60

2.5% = £30.75

5% = £61.50.


If those rates fluctuate, feel free to adjust accordingly.

There are some wealth warnings though;

I've not played "Live" (other than SPT's) for three years, & fair to say, I've probably not aged well, mainly thanks to a savage encounter with Mr COVID.

Can't promise any Stu Rutter style updates, it will just be my usual.

You are almost certainly waving goodbye to your investment.



That being said, I am ridiculously excited, & will be playing anyway.  

My Bank Details are unchanged from previous years.  

I MAY play some other bits & pieces if I can find any, but that would not be part of the stake, as there's no certainty of what, when & how much & so it makes it awkward.

 

[booder]

Budget for 2 re-entries imo
Hopefully you can find another couple of tournies.

Have never staked you to make a profit , its just my way of giving back to you in thanks for all the pleasure blonde has given me over the years.

Squeezing your updates are a real joy ,especially the Scoopio's.

Have a great trip.

[tikay]

Budget for 2 re-entries imo
Hopefully you can find another couple of tournies.

Have never staked you to make a profit , its just my way of giving back to you in thanks for all the pleasure blonde has given me over the years.

Squeezing your updates are a real joy ,especially the Scoopio's.

Have a great trip.

Ha, bless you David, thank you.

Re-entries? I should have mentioned that - I'm afraid I won't be taking any re-entries at $1,500 a pop, that's way too steep for me.

[Supernova]

Hi  Tony, if there is any left could Newportlad and myself have 1% each, I'll send both over when confirmed please.


Thank you ever so much

xXx

[Longines]

5% please Mr T, feel free to reduce it need be.

[Karabiner]

Budget for 2 re-entries imo
Hopefully you can find another couple of tournies.

Have never staked you to make a profit , its just my way of giving back to you in thanks for all the pleasure blonde has given me over the years.

Squeezing your updates are a real joy ,especially the Scoopio's.

Have a great trip.

Ha, bless you David, thank you.

Re-entries? I should have mentioned that - I'm afraid I won't be taking any re-entries at $1,500 a pop, that's way too steep for me.

IMHO for what it is worth you should definitely budget for one re-entry or you will be playing at a huge(r) disadvantage.

As you know I am not a fan of re-entries but this is essentially a limited rebuy tourney and needs to be played as such.

Doobs?

[Karabiner]

How did Andrew Lloyd-Webber get into that last Ascot pic or is he a lookalike?

[celtic]

I'll have 5% of each bullet if you promise to gamble it up on the first one and not play scared/tight/cautious/ etc

Doesn't necessarily have to be used but I think it would help.

I know you finding the rest of what you don't sell might be a lot so just sell more! You're not there for long and at 82 or whatever you are, well, you know...

xx

[celtic]

PS, never staked you before, so don't miss this rare opportunity of burning my money!