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Chris12 #957   Three Parables on Bankroll Management, Part I

Because I have needed to withdraw substantial amounts from my Full Tilt account these last few months (and because I haven’t been winning much), I’ve had a lot of time to reflect on bankroll management – playing lower, exercising patience, and generally at least simulating the condition of not having the money to play big.

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Phil Ivey just won a $531,000 pot from Chris Ferguson. Phil Hellmuth, with J-4 decided to raise. Phil Ivey called with 3-3. Chris Ferguson reraised with A-A. I think the total bet by Chris was $27,000.

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This is the last part of my essay about the 2008 World Series of Poker. If I get a chance, I’ll review my notes from the Series and see if I have any other fun experiences to pass along. But otherwise, this is it for now.

Part IV-B – The State of Poker Professionals, According to the World Series of Poker [Part B]

This was Part A.

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On Tuesday, August 5, ESPN continues its coverage of the 2008 World Series of Poker.

The first episode was a Tiltfest, with Andy Bloch leading nearly all the way, doubling up the short stacks, taking a couple tough losses, and surrendering the lead on a three-way all-in with 9-9 to Nenad Medic’s Q-Q. (Coming in third was Kaathy Liebert with 6-6 on the hand.) Nenad, a Full Tilt pro, took the bracelet and Patrik Antonius, in his first World Series event with Team Full Tilt, finished 7th; Chris Bell, wearing the colors, finished 6th.

Get ready for more on Tuesday. Event #2 was the biggest tournament outside the Main Event in World Series history, with nearly 4,000 starters. Guess who turned water into wine for 3 days and made the final table?

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The championship match of the Fourth NBC Heads-Up Championship is knotted at one apiece. Cards were in the air at 9:12 PM. As with the first two matches, the players started with 640,000 chips and blinds were set at 3k-6k, scheduled to increase every 15 minutes.

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Details to follow immediately, 9 44 PM.

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Cards were in the air for Match #2 in the best-of-three format at about 7:45 PM.

Andy Bloch was responsible for me meeting Penn Jillette and Jimmy Carter on the same day.

Chris used to be an avid basketball and volleyball player. He also danced competitively. He still dances but not so much competitively.

This match is very close through the first level as the last match was all the way through. Neither of these players is going to outplay the other, and they both understand either other and know it.

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To me, this is almost an anticlimax. Andy Bloch? Chris Ferguson? How could I choose between them. They both enriched the FULL TILT POKER STRATEGY GUIDE tremendously, and well as my own skills and my life. Two of the best things I’ve ever written were magazine profiles of Andy and Chris. I picked my regular spot in the cheap seats because I couldn’t figure out where I wanted to sit.

I’m going to just start running facts about these two at you as the match starts. (By the way, I’m just dying over not being able to defend my win in the Sunday HORSE last week. “Fortunately” the internet connection in the tournament room is so bad that it’s not too much of an issue to withhold pulling the trigger in the minute before the start.)

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The match drawing the most attention is Chris Ferguson v. Phil Ivey and deservedly so. They each have five bracelets. Phil is the biggest cash-game winner, Chris the most theoretically cool tournament winner. But Phil could argue that he’s the best tournament player in the world. And Chris could point out that holding on to and accumulating everything you’ve ever won has a value superior to being the best at risking it in other games. Then there’s Ivey’s heads-up rep, winning $17 million in the biggest heads-up cash game in history, against Chris’s unmatched record in heads-up tournament play.

But the Andy Bloch-Huck Seed match is pretty cool for its own reasons.

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Chris Ferguson eliminates Phil Ivey to win his way into the finals. On a board of 9-4-3-5, Chris bets 100,000. Ivey moves all-in. Chris thinks about it for 4 minutes. He’s shaking his head almost imperceptibly. He doesn’t look happy. Finally, he calls.

Phil shows 6-6.

Chris shows 8-8.

Phil can win with a 2, 6, or 7 but the river is a queen. Chris makes the final for the third time in four years.

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