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Lukie
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08-14-2007, 08:01 AM
Post subject: gabe is retarded
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#1 (permalink)
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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So I give him a call earlier to see how NYC/Turning Stone is going. He is playing in the 5.2k buyin main event. I have 2k of his action. Details of the action go something like this: for the first 5200 of his prize, money goes back to everyone who has a piece of his action (he has some of himself, not sure how much, irrelevant for now). After that, everybody who has a piece of the action gets 50%. Props to gabe for making such an awesome deal for himself, given that the prize pool is very top heavy. Fwiw, I think I'm +EV on this so keep that in mind and i'm not at all unhappy with our deal.
Anyway, I ask him a retarded question like, do you think you're +EV in the event? He says of course, blahblahblahblah, then I mention something about how it's possible that he can be +EV but I could be -EV on the stake (given how the re-payment structure was set up). He claims that this is impossible, and that there is "ABSOLUTELY NO WAY" that could be. I tell him that he is blatantly wrong, both of us are stubborn as always. Of course I am right.
I will show very simple maths if less than 100% of people agree with me.
discuss
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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gabe is an idiot
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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did u guys see what i did there
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lolzzz_321
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NO YOU
Join Date: Oct 2004
Location: My ice is polarized
Posts: 2,797
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You are now ignoring this user. You will no longer see the body of any of their posts.
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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it doesnt seem possible, you get your money back before gabe gets paid, if anything it could be +ev for you and -ev for him, right? My guess is with it being top heavy it cancels that out.
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Galapogos
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4-of-a-Kind
Join Date: Jun 2005
Location: The Loser's Lounge
Posts: 2,322
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I just hate to see you two fight.
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Quote:
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Originally Posted by sauce123
I don't get why you insist on stacking off with like jack high all the time.
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Fnord
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Moderator
Join Date: Dec 2003
Location: I'll Do You Like A Truck
Posts: 19,333
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Yes, you could be getting the way worst of this.
If you do this a lot, then just trade action straight up.
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Pelion
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4-of-a-Kind
Join Date: Sep 2005
Posts: 3,206
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maths pls
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gabe: Ive dropped almost 100k in the past 35 days.
bigspenda73: But how much did you win?
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IowaSkinsFan
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Straight Flush
Join Date: Oct 2004
Posts: 7,148
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No Lukie is 100% right, the stake completely is ripping off the backers, although that is what a stake is really. I'm supporting gabe in a stake because i want to take a gamble pretty much, I know the stake is actually pretty easily -EV for me but w/e.
I think it's a little ridiculous how a good poker player like gabe can't see why this may be -EV on your side, he should at least acknowledge that.
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Zee Devee
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Full House
Join Date: Sep 2006
Location: Wisconsin
Posts: 694
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Doesn't it complicate things when Lukie said "(he has some of himself, not sure how much, irrelevant for now)."
If gabe is a backer as well as the stake, does it make a difference?
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Fnord
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Moderator
Join Date: Dec 2003
Location: I'll Do You Like A Truck
Posts: 19,333
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Quote:
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Originally Posted by Pelion
maths pls
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No need. Consider each pay-out possible as a number on a roulette wheel. With the deal given the staker gets a higher % for smaller payouts thus more money overall the flatter the structure. For it to be +EV, winner-take-all (extreme case) Gabe needs a double or so chance of the typical player to win.
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
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Quote:
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Originally Posted by boostNslide
it doesnt seem possible, you get your money back before gabe gets paid, if anything it could be +ev for you and -ev for him, right? My guess is with it being top heavy it cancels that out.
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.....
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.................................................. ....................
IT'S MY MONEY DUDE
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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Quote:
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Originally Posted by Fnord
Yes, you could be getting the way worst of this.
If you do this a lot, then just trade action straight up.
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I remember at PCA he blatantly refused to do this for a while saying how much better of a tourney player (in his eyes) he was than me. We might have ended up doing something like 5% swap, honestly can't remember. We both busted on the first day. I couldn't go on this trip.
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
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Quote:
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Originally Posted by IowaSkinsFan
No Lukie is 100% right, the stake completely is ripping off the backers, although that is what a stake is really. I'm supporting gabe in a stake because i want to take a gamble pretty much, I know the stake is actually pretty easily -EV for me but w/e.
I think it's a little ridiculous how a good poker player like gabe can't see why this may be -EV on your side, he should at least acknowledge that.
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well, my intent wasn't to argue whether or not the stake was +EV or not from my perspective. fwiw I do realize that he is getting a very good deal on this, and maybe I grossly overestimate the kind of edge that I think he has because I don't think I'm getting way the worst of this by any stretch but I could be wrong.
The point was that gabe doesn't realize that it's possible (and as a lot of people seem to think, probable) that he could be +EV in the event while I could be -EV in the stake.
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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Quote:
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Originally Posted by Zee Devee
Doesn't it complicate things when Lukie said "(he has some of himself, not sure how much, irrelevant for now)."
If gabe is a backer as well as the stake, does it make a difference?
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(amount gabe gets as a backer) + (amount gabe gets as a player) = gabe?
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Seasider
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Flush
Join Date: Jun 2005
Location: Bangor UK
Posts: 563
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BUT WHO HAS MORE FUN????? 
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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lol
lukie its all about how much winnings you get. if its 50/50 you might not be getting the best of it, but its up to you to determine how much you should get to be fair. people agreed to 50/50, so whatever.
also, im about to send some PMs out saying im sending the pieces back anyway because of some stuff
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mcatdog
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4-of-a-Kind
Join Date: Oct 2005
Location: St. Louis
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When I heard about this stake I couldn't believe that y'all were giving gabe 50-50. Assuming they pay 10%, he'd need a 90% ROI to make the stake profitable. This isn't the WSOP main event. It's a small field against relatively tough competition and I don't believe huge ROI's are doable. YMMV.
GL in teh donkaments gabe and good job of pwning FTR.
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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mcatdog continues to show why he's a smarter man than me
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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gabe i wasn't implying that you did anything wrong, but you havn't even addressed the main point of the thread.
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mcatdog
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4-of-a-Kind
Join Date: Oct 2005
Location: St. Louis
Posts: 3,654
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Quote:
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Originally Posted by Lukie
mcatdog continues to show why he's a smarter man than me
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Can't tell if this is serious or not but I don't necessarily think I'm smarter than you. It doesn't make you dumb to gambool it up with an -EV stake for a buddy, I was just surprised by how badly I thought you guys were getting hosed here.
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flomo
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Full House
Join Date: Mar 2006
Location: mashing potatoes
Posts: 878
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Quote:
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Originally Posted by mcatdog
Quote:
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Originally Posted by Lukie
mcatdog continues to show why he's a smarter man than me
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Can't tell if this is serious or not but I don't necessarily think I'm smarter than you. It doesn't make you dumb to gambool it up with an -EV stake for a buddy, I was just surprised by how badly I thought you guys were getting hosed here. |
did anyone else fisnd this post to be hilarious?
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Quote:
Originally Posted by bigred
Protect dog
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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mcatdog, you are definitely smarter than lukie.
im winning so much at cash games here why play tournaments
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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funny this was just linked
if we want to be results oriented, i cashed for 15k !! srry lukie !!
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
Posts: 8,379
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your results are very good, gabe
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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gambler2k4 was temporarily playing on gabe's account.
POKERSTARS GAME #13634251592: HOLD'EM NO LIMIT ($3/$6) - 2007/12/03 - 20:11:55 (ET)
Table 'Algedi II' 6-max Seat #5 is the button
Seat 3: Lukieplaya ($632.25 in chips)
Seat 4: gp333 ($658 in chips)
Seat 5: mechjojo2 ($234.45 in chips)
Lukieplaya: posts small blind $3
gp333: posts big blind $6
*** HOLE CARDS ***
Dealt to Lukieplaya [9s 8c]
mechjojo2: folds
Lukieplaya: raises $15 to $21
gp333: calls $15
*** FLOP *** [8s 9h 4c]
Lukieplaya: bets $32
gp333: raises $56 to $88
Lukieplaya: raises $224 to $312
gp333: raises $325 to $637 and is all-in
Lukieplaya: calls $299.25 and is all-in
*** TURN *** [8s 9h 4c] [3d]
*** RIVER *** [8s 9h 4c 3d] [As]
*** SHOW DOWN ***
Lukieplaya: shows [9s 8c] (two pair, Nines and Eights)
gp333: mucks hand
Lukieplaya collected $1263.50 from pot
*** SUMMARY ***
Total pot $1264.50 | Rake $1
Board [8s 9h 4c 3d As]
Seat 3: Lukieplaya (small blind) showed [9s 8c] and won ($1263.50) with two pair, Nines and Eights
Seat 4: gp333 (big blind) mucked [Kd Qh]
Seat 5: mechjojo2 (button) folded before Flop (didn't bet)
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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btw i think my really quick and very bluff/fishy looking oversized 3-bet made him think i had air/JT/76. or that he just did something stupid, with emphasis on that last one.
ha! thanks for the $600 gabe!!
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IowaSkinsFan
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Straight Flush
Join Date: Oct 2004
Posts: 7,148
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gabe's thoughts: I'm playing Lukie HU, this would be ownage, im all in.
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Bmxicle
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Full House
Join Date: Jan 2005
Location: Vancouver
Posts: 947
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50/50 stakes are almost always around a break even gamb00l, and if a person needs to be staked they will almost always go for 70/30 unless there are other backing fish.
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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Quote:
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Originally Posted by Lukie
gambler2k4 was temporarily playing on gabe's account.
POKERSTARS GAME #13634251592: HOLD'EM NO LIMIT ($3/$6) - 2007/12/03 - 20:11:55 (ET)
Table 'Algedi II' 6-max Seat #5 is the button
Seat 3: Lukieplaya ($632.25 in chips)
Seat 4: gp333 ($658 in chips)
Seat 5: mechjojo2 ($234.45 in chips)
Lukieplaya: posts small blind $3
gp333: posts big blind $6
*** HOLE CARDS ***
Dealt to Lukieplaya [9s 8c]
mechjojo2: folds
Lukieplaya: raises $15 to $21
gp333: calls $15
*** FLOP *** [8s 9h 4c]
Lukieplaya: bets $32
gp333: raises $56 to $88
Lukieplaya: raises $224 to $312
gp333: raises $325 to $637 and is all-in
Lukieplaya: calls $299.25 and is all-in
*** TURN *** [8s 9h 4c] [3d]
*** RIVER *** [8s 9h 4c 3d] [As]
*** SHOW DOWN ***
Lukieplaya: shows [9s 8c] (two pair, Nines and Eights)
gp333: mucks hand
Lukieplaya collected $1263.50 from pot
*** SUMMARY ***
Total pot $1264.50 | Rake $1
Board [8s 9h 4c 3d As]
Seat 3: Lukieplaya (small blind) showed [9s 8c] and won ($1263.50) with two pair, Nines and Eights
Seat 4: gp333 (big blind) mucked [Kd Qh]
Seat 5: mechjojo2 (button) folded before Flop (didn't bet) |
i regret nothing! only hands im a big dog too are 98 and AA, and if u fold a v small % of time (and ofc i could also get it in good v JT) im making money. yea you can say your range here is super strong but i dont care.
since i dropped way down and coming back up through the limits ive been playing super awesome. im fully expecting a 50k december.
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donkbee
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WELP
Join Date: May 2005
Location: so close but so far
Posts: 3,604
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Quote:
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Originally Posted by gabe
since i dropped way down and coming back up through the limits ive been playing super awesome. im fully expecting a 50k december.
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nice going, gabe.
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Quote:
Originally Posted by Fnord
Why poker fucks with our heads: it's the master that beats you for bringing in the paper, then gives you a milkbone for peeing on the carpet.
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Lukie
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4-of-a-Kind
Join Date: Jul 2005
Location: back with a vengeance
Posts: 3,307
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it's been too long since i had a 50k month... way too long. i think i'm at like +9k for december, but that includes a -10 buyin day at 3/6 then a couple days off for my birthday festivities.
i need to play more... seriously.
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