Friday, June 19, 2009

Rough Around the Edges?

The smallest increases gained over time can become huge gains over a lifetime. Every percent on a loan over the course of thirty years equals thousands of more dollars you will spend than the cost of the original purchase. Each percent is another hour you work, another moment spent toiling instead of living life. These small percents make men rich and keep men poor. Life is all about the small edges you can gain over the next guy.

In poker these small edges are there but not always so evident to most. There are many aspects of equity of a pot. How many chips you have, your hand strength, how likely are they to fold, and so on and so forth, etc. etc. The size of the blinds and antes usually dictates what we are willing to risk. Will I risk my whole stack when I have 100 big blinds on a coin flip? Probably not. Will I risk my whole stack on a coin flip when I have 12 or less big blinds? Absolutely. Will I risk ten big blinds to move a spot up in the money without being at risk myself? Most of the time, yes. Will I jam k5 suited in the small blind when we both only have 14 big blinds? Yeah, I will.

For some of you this is obvious. For others they ask why? Why would you risk your whole tournament or stack on that spot where you only have a slight edge or you slightly have the worst of it? The answer is I will take any edge I can get. Over time those small advantages will turn into bigger ones and my bankroll will benefit from it. Over a lifetime I know those small gains will turn into giant ones. Without those edges I lose my advantage over most of you and I play a lot of break even poker. I don't want to look back on my poker career in thirty years and know I never made it because I only managed to keep my head above water.

If you played your entire lifetime and only managed to one percent return on investment, you would not end out great, but you would end out good enough to buy some things you never would of otherwise. If you increased that by five percent, you have found some security in your investment and got a sound return on your money. Once you get above ten percent on your investment you start to become free. Your money works for you and you move beyond security and start to experience freedom. In my opinion, freedom to live our lives is what every human being strives for in the first place.

You may see me make mistakes at the poker table. We all do. Mistakes can be costly. I try not to make many of them. Remember this everyone: The biggest mistake you can make as a poker player is not having the courage to get your money in the middle when you have the best of it. This is an absolute statement but won't yield you an absolute result. Sometimes you will lose when you had the best of it. Not every time you had the best of it will you be getting it in. Overall though, failure to play the small edges in poker will not only cost you money you will never see, but also security and freedom you will never experience, as well as dreams that never became reality. Just something to think about.

Be Well
BigJoeJones

Tuesday, June 9, 2009

Felt Fanatics Tournaments This Week

Hello Everyone,

I apologize for being a little late on the tournament announcements. I had a few busy days leading into my birthday yesterday and I could not quite catch up to all I had to do :P Raise your hand if you just love landscaping! Then raise your hand again if you love doing it for more than ten hours in a row, lol. So the lawn looks great and I'm sore and the wife is not scowling at me quite as much anymore... so that must mean that BigJoeJones has some spare time and some tournaments to announce!

We have a couple of good options this week to play here this week. I encourage you to play them all, especially Doyle's Room and PitBull Poker. We are affiliates for both and your involvement on those sites helps us out here at Felt Fanatics. If you are going to deposit, please click the banner on the side of the web page. Speaking of banners on the side of the web page, PitBull Poker is offering ten dollars free just to check them out! Yes just sign up for an account with PitBull Poker and they will give you ten dollars! If you like free money and you play poker and you want to play with us here at Felt Fanatics, you have no excuse now not to sign up! Just click the banner on the side of the web page that is advertising the ten free dollars for PitBull Poker.

I'm gonna list the tourneys below in a simple format for this week. The Doyle's and Pitbull pokers need a minimum number to continue or we won't be able to continue offering those tournaments. That means we really need your participation! Please come out and show some Felt Fanatic spirit!

We have two tournaments this Tuesday...

What: Fanatical Tuesdays
When: 16:00 @ FTP
Format: NLHE
Buyin: 1.50
Password: fanatical


Here's Doyle's room adding $25.00 to a Feltfanatics buy in tournament


when:tuesday june 9th at 8pm
where:Doyles
buy in:2.20 with 25 added
password:ffwin
good luck all...don't have a Doyles account?just use the banner on this site plus if i,m not mistaken i,m running a contest for depositors



Heres Pitbull Poker adding 25.00 to a Feltfanatics game


Type of Event: $1 Buy In with $25 Added

Name of Event: Feltfanatics June #1
Date: june 13th

Start Time: 8pm est

Password: ffrules

Min Players: 10



I hope to see you all there :D That's all for this week! Be well and be good to each other.

BigJoeJones