Material Monster

December 8, 2008

Outs and Odds Applied to Poker

Filed under: Funny Farm, Gambling Capers, Hall Of Games @ 11:59 am

There have been a few hands I’ve been in or witnessed recently that have looked to me total suckouts or terrible calls, when in fact the money was almost exactly right for chance of winning.

Here’s an example:

I had been bullying a tight pokern player all tournament. Whenever he opened a pot for a raise, I reraised him, in position. If he called and led out for a bet on the flop, I would raise him again. If he checked I would bet. You wouldn’t believe the hands he showed me that he was folding. Anyhow, in the middle stages of the tournament, at 100/200 blinds, he opened for 600 and I looked down at AcQh and raised him to 1500 (starting the hand with about 7400). He called. The flop came As, Jc,10c. He checked, I bet 3,000 and then he moved all in over the top of me. Now, If I wanted to start over from scratch with a small stack, this is an easy fold. I have top pair, 2nd kicker, and a gut shot straight draw, even a back door flush draw if you want look at it optimistically. But, there is virtually no way I’m winning right now. All of his possible hands that he’d raise and call a reraise with are AA, KK, QQ, JJ, 10s, AK, AQ, AJ, A10. I can only beat KK here, I tie AQ, and everything else has me toasted. But, I did the math. Preflop we had a pot of 3300, with the blinds and our 1500 apiece. I the turn I bet 3000 and he went all in. If we take his call of my 3000, that a pot of 9300, to which he put me all in for another 2900. So, it will cost me my remaining 2900 to try and win a pot of 12,200, that is 4.2-1 pot odds. If I am a 4-1 dog, I can call this bet justly; even though I probably won’t win, I’d be getting pair appropriately if I did.

For the math’s sake, let’s reveal that my poker opponent had AhAd, for 3 aces. I can win with any king, running clubs, or tie if it runners a straight on the board. Typically, counting the 4 kings as outs with two cards to come, I assume I am 17% to win, and maybe I can add a percent for the backdoor flush. Using card player’s poker odds calculator, I am 18.18% to win, he is 80.71% and we have a 1.11% chance at tying. 80.71/18.18 = 4.3. So, I am getting 4.2-1 odds where I need 4.3-1 to make the right call. I called, without doing the intricacies of the math, also knowing that I didn’t want to play from a short stack, and lost. But, it’s nice to know that doing the math can prove that what I did was not ridiculous in the least bit. It was spot on for an even gamble.

July 29, 2008

Wedding party favors

Filed under: Funny Farm, Living In Leisure, New Age Thought @ 6:30 pm

A selection, when it comes to wedding parties is one of the most difficult things to do, because it’s not just a matter of entertaining people, but it really is a celebration of a very important life event. Some people may pay a very particular attention to wedding party favors, because often small things are the ones to make a difference and even if they are not fancy or expensive, they give always a special touch to the overall ambience.

As weddings go by, memories always remain and such memories are very often marked by a few pictures and small favors. This makes wedding party favors, not only one more gadget, but truly, an element that brings an entire life together. It is indeed magnificent to see how everybody always hold on to their wedding favors, as you can always spot them in everybody’s homes. For some reasons, wedding party favors are like family jewels: you cannot lose them, nor you want to sell them. In other words, they are forever. It is also fascinating to see how people keep other people wedding party favors, as they really represent a special bond among friends or family members. Weddings, indeed, are not only a single person event, but very often, they become an event that is really important for the entire family.