Sep
15
A Bad Beat, from Steve Leslie
September 15, 2008 |
One thing you learn from poker is that you can play the hand perfectly and still lose. There are never-ending ways to lose a hand of poker. All long term players realize that humble pie does not taste very good. To extrapolate from Dr. Keynes, The game can remain irrational far longer than you can remain solvent.
Bad beat story: I am short stacked in a cash game. Woman to my right puts in a small raise pre-flop. I call with wired 9-9. Flop comes 9 K 3. Woman puts in a small bet. I go over the top and go all in, hoping she has some sort of a hand and begging a call. She beats me into the pot and calls. I show her my three 9s and she shows me a pair of Kings to go with the one on the flop. Of course her hand holds up and wipes me out for the day. The odds have got to be a few in a thousand that this happens. But it happened to me. And at the worst point in time. Murphy's Law prevails again.
Ironically, I saw the same thing happen to Daniel Negreanu get knocked out of the World Series of Poker with an identical scenario. He rolled up a set on the flop only to have an opponent roll up a better set.
As Forrest Gump said "It Happens."
Comments
4 Comments so far
Archives
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- Older Archives
Resources & Links
- The Letters Prize
- Pre-2007 Victor Niederhoffer Posts
- Vic’s NYC Junto
- Reading List
- Programming in 60 Seconds
- The Objectivist Center
- Foundation for Economic Education
- Tigerchess
- Dick Sears' G.T. Index
- Pre-2007 Daily Speculations
- Laurel & Vics' Worldly Investor Articles
Actually, that’s a cooler not a bad beat. A bad beat is when someone sucks out on your better hand after the money’s in the pot. A cooler is when you’re destined to lose your stack with the second-best hand. But you’re right, it definitely don’t taste good.
Set over set stinks, but that's poker. Play long enough and you'll have it happen in your favor. And about one time in 25 you'll make quads and bad beat Ms. Set of Kings.
Since poker is a zero-sum game (excluding the rake) I'm not sure how Murphy's law applies here. Things went wrong for only half the people in this hand.
It's not Murphy, you bet too much, you didn't have a 100% winner, yet you allowed you emotions to over rule good judgment; now I understand this is no limit, so you get forced into situations — I think no limit has very little to do with trading. No one is bigger than the market.
I play limit — and I tinker with my betsizing — I think this is closer to real trading.
Matt Johnson: “It’s not Murphy, you bet too much, you didn’t have a 100% winner, yet you allowed you emotions to over rule good judgment.”
That’s silly. Given the situation, short-stacked and facing a small bet, he was right to shove with a set. The vast majority of the time he’s a monster favorite. Exactly one hand (KK) has him beat and he has every other possible hand in very bad shape. If you’re not going to get all your money on the table in that spot, you shouldn’t be playing no limit.