Monday, January 07, 2008

Bodog, FTOPS and PLO

Don't miss your chance to tilt Waffles on Tuesday.

Play Bodog's Online Poker Blogger Tournament Tuesday Nights!

Bodog invites Poker Bloggers to play in it's Online Poker Blogger Tournament with a total of $600 in bonus money.

If you are 1 of the 5 money bubblers, you'll have your $11 buy-in refunded and if you finish in the top 5 you will win an entry for Bodog's Sunday $100K Guaranteed tournament.

This poker blogger tournament runs weekly on Tuesday evenings and requires the password bodogblogger for entry.

Tournament Details

* Day of week: Tuesday January 8, 2008

* Start Time: 9:05 pm ET

* Tournament Name: "Online Poker Blogger Tournament" at Bodog

* Entry Password: bodogblogger

* Buy-in + fee: $10 + $1

* Starting Chips: 3000 (Double Stack)

* Payout: Standard Bodog payout structure

* Bonuses:

* T$109 bonus paid to the top 5 finishers.

* T$11 bonus paid to the 5 players that are eliminated prior to payouts.

* These bonuses will be awarded within 24hrs of the tournament completion.

* T$ = Tournament Credits. These can be used as a buy in to almost all scheduled tournaments at Bodog and have a ratio to cash of 1:1.

* T$ can also be combined with cash to buy in to tournaments.All that is required to be eligible to play is that you have a poker blog online and a Bodog member player account.

After I busted out of MATH, I went searching for how Hoy had done in Monday $1k and stumbled across the next FTOPS schedule. Clearly this is final stage of evil marketing plan, make me play in December, to earn bonus that will drain me then take my hard earned bonus money in tourney entries.

I thought I would also present an Omaha situation that comes up more than you would expect:

Ideally in Poker everytime you call an all-in you are getting in money as favorite but in PLO goal is getting in your money good.

I will use a very straightforward PLO hand to explain:
Player A holds 4s5s7h8h.
Player B holds 8cJdQcKd.
Flop is 6d9dTc.
On the flop Player A has the nut straight, if he bets pot and jams a re-raise he is getting his money into the pot with the nuts. Clearly he is "Getting his Money in Ahead"
Player B has KQ high on the flop, but he has 14 straight outs + 5 additional flush outs + backdoor flush potential. Because of outs he is 75% to win. Player B can got to the felt with this hand because he is getting his "money in as the favorite", which is the preferred place to be.

If instead the betting is such that player A plays to keep pot small on flop and players still have money behind.

If turn is a brick such a 2h.

Player A still holds the nut straight, player B still has KQ high and 19 outs.
At this point if Player A bets pot, player B can look at his hand and see the 19 outs. Calling a pot size bet on the turn gives pot odds of 2:1 and player B's odds of hitting the hand are 42.5%.
Since odds of hitting hand are greater than payoff player B is still getting a favorable gambling situation so is "getting money in good".

Changing the hand of player A to

TsTh7h8h changes the odds so now the 2 hands are 50/50.

8d7cAdAc or 8d7dTsTh in Player A's hands makes situation worse for player B.

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