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August/Exhausted


Author: Shane Schleger Tournament: 2007 WSOP
Published on: 12:11:18 on Aug 02, 2007

The summer so far: I went to play the Scotty Nguyen Poker Challenge in late May, got my weed confiscated by Cherokee security within 20 minutes of checking into the hotel room, broke Jordan Morgan's new Jeep that same night, bubbled the tournament, and eventually bailed on my agreement to drive to Vegas with Jordan for the WSOP.

I was pretty broke when I got to Vegas, but made a final table in event #8, which ensured a small profit for the Series, the rest of which I puttered and whiffed my way through. After busting out of the Main Event, I packed my stuff up and took it back to California, flew back to Vegas for the WPT Bellagio Cup III, and went on to take fourth place for over 225K.

Since then, I've been sitting listlessly on my couch, enervated, trying to crawl my way out of the black-hole of post-WSOP inertia, lack of direction, and writer's block. If and when I do escape the void, this blog might return to its former glory.

18 Comments

Harrah's Valedictory


Author: Michael Craig Tournament: 2007 WSOP
Published on: 13:23:24 on Jul 27, 2007

Remember my first post about the 2007 World Series? (Post #150, from May 28)

“If the 2006 World Series of Poker was like Woodstock, the 2007 Series threatens to be Altamont. Harrah's barely had control of last year's Series; add in lame-duck management and the company not just biting the hand that feeds (online poker) but vomiting on it as well. Throw in thirty to forty thousand desperate gamblers, most of whom are fighting to become or escape stereotypes or archetypes; pros; celebrities; good dealers and floor personnel; incompetent dealers and floor personnel; bureaucrats; promoters; doomsayers; naysayers; and gawkers. All this adds up to an ugly panorama, and one I don't dare miss.”

Privately, I thought maybe the 2005 WSOP was really Woodstock, with everyone enjoying the good vibe of the post-Moneymaker boom and the nod to history by holding the final table for the last time at the Horseshoe. That would have meant the 2006 WSOP was Altamont, which certainly fit: uncontrolled crowds, absence of order, authority figures we didn’t trust. The 2 million unaccounted chips were the poker equivalent of someone getting stabbed by the Hells Angels during Sympathy for the Devil.

But I couldn’t use that analogy for the foreshadowing I wanted to suggest. After all, if 2005 was Woodstock and 2006 was Altamont, what would that make 2007? What would be WORSE than Altamont? Disco?

You still got the picture, right? I thought signs pointed toward something really bad at the 2007 World Series.

Nothing about the first couple days of the Series suggested otherwise. The lines were ridiculously long even though they were ridiculously long at the beginning of the 2006 Series. Then there was the playing-card fiasco.

But you know what? Harrah’s won me over. I know everyone doesn’t agree, and I have a lot of qualifiers. I believe, however, that they are backing up their claims of caring about the players, caring about poker, and caring about the institution of the World Series of Poker. For two years, they’ve talked the talk. I think the signs are unmistakable that, in 2007, they’ve started walking the walk.

I noticed a HUGE difference in how the Series was run in 2007 from 2006. I don’t know if it simply took a year for the Pollack regime to understand what it really meant to do right by the players, the game, and the institution. Or maybe it was the blowback from their shabby treatment of dealers (and resulting poor quality of work) in 2006. Or perhaps the Players Advisory Council did better or was listened to more. Or the color-up catastrophe of 2006 served as a wake-up call. Or maybe all of the above.

Overall, two conclusions are inescapable: (1) The 2007 WSOP was a much better experience than the 2006 Series; and (2) Pollack et al. care about the players (while also caring about things that may be inconsistent with what the players want, like making Harrah’s money). To reach these conclusions, I tried to look at as many aspects of the just-concluded World Series of Poker as I could. In some, Harrah’s did a very good job. In others, they definitely improved, either from 2006 to 2007 or from the beginning of the 2007 Series to the end of it (or both). In still others, it’s clear that even where there were problems, it’s not fair to blame Harrah’s alone, at least not presumptively. And there were a few things that stunk and continue to stink, though my conclusions on all the other elements suggest that there’s a reasonable chance they’ll do better next time.

This is how it all looked to me:

THE MONEY SHOT

Harrah’s makes a lot of money from the World Series of Poker. I’m generalizing over a lot of categories and a lot of people, but I think they have more streams of revenue than most people realize (the business everyone at the Series does in the restaurants and shops and especially in the pits, ESPN, internet coverage, radio, pay-per-view, deals with all the marketing partners from Milwaukee’s Best to Planters and Hershey, WSOP logo merchandise, etc. etc. etc.) though some of them may be worth less (at least in the near term) than people think (e.g., some of the high-profile companies starting relationships with Harrah’s and the WSOP, like Planters and Hershey, are probably not paying Partypoker.net-type money).

I think that’s all fine. If you play poker to win, you’re a capitalist, and we have to recognize that Harrah’s bought the World Series of Poker – Steve Wynn could have bought it, Doyle Brunson could have bought it, you and I could have bought it, but it was Harrah’s that followed through – and they are entitled to all the profits they are able to make. It would be legal, but not really sporting, if they took advantage of the situation, and I’m sure that’s what many people believe is the case.

I’m not willing to assume it, though. Let’s look at what they charge and what we get. I think (a) they are entitled to charge what the market will bear and it will definitely bear what they are charging; (b) compared with what the Bellagio charged for the Bellagio Cup, Harrah’s was not crazy with the rake; (c) they are taking risks and making investments and building the brand but they are making more money apart from the rake than anyone else who runs a poker tournament, so they should take that in consideration when deciding what to charge us; (d) they are generally NOT greedy about the intellectual property rights of players; and (e) the business of how to cut the players in on some of their revenue streams is very complicated.

I’ll try to explain all that. First, the market says charging 9% rake for a $1,500 event isn’t too much. The $1,500 no-limit hold ‘em events were mob scenes, averaging over 2,500 players. It’s hard to say how much of an arm’s-length transaction the relationship between $1,500 hold ‘em entrant and Harrah’s is. Certainly, the player can choose not to play, but it’s the WORLD SERIES. I can’t applaud Harrah’s if they are taking advantage of the situation, but I can’t condemn it either, at least not very strongly.

Besides, look what they are charging for the $50,000 HORSE: 4% or $2,000 per player. These are the highest-stakes players in the world, and this event was invented for the 2006 Series – in part by the Players Advisory Committee – and Harrah’s instantly exploited it for ESPN, even spreading it to five days and adding extra TV coverage. If Doyle Brunson and Chip Reese and Andy Bloch and Howard Lederer are willing to pay $2,000 apiece, who’s willing to say they are foolish for doing so?

When I looked at what the Bellagio charged for the Bellagio Cup, which ran concurrent with part of the World Series, I thought it was about half what Harrah’s charged for the Series. Bellagio charged 6% on its $1,500 events, just under 5% on $2,500 events, and about 3% on the $5,000 events and the $10,000 WPT Main Event.

But they raked twice: Bellagio takes a fee on top of the entry and then they take some of the prize pool. I don’t have their tournament documentation handy but if you look at the payouts for their events, it’s pretty clear. For their $5,000 NLHE event on June 22, they had 48 players and a prize pool of $232,800. The entry, however, was $5,000 + $180. So they charged $8,640 (the $180 from each of the 48 players) AND took $7,200 from the gross entry pool of $240,000 ($5,000 x 48). [Incidentally, I’m pretty sure the Bellagio discloses all this to players. I just don’t have the payout sheets in front of me.] The players put up a total of $248,640 and were paying $15,840 of that to the Bellagio and/or its dealers and staff. If a WSOP $5,000 event had the same number of players, Harrah’s would take out 6%, but that means they are taking LESS (albeit from a smaller pool) than Bellagio, $14,400 from a pool of $240,000.

I’m not saying Bellagio charges too little or too much. I’m not saying their quality of facilities is better or worse than Harrah’s and the Rio. I’m not saying a 48-player event costs more or less to run than the giant events operating daily at the World Series. But I am saying that Harrah’s is not off-the-charts crazy compared with what other venues are charging.

A lot of people probably won’t believe this, but I think Harrah’s wants to find a way to cut the players in. (The easiest way, of course, would be simply not raking as much.) You notice how these guys are very good at lining up corporate partners and finding new things to make money from at the Series – Planters, the official nut of the World Series of Poker? They are clearly adept at figuring out ways to exploit the World Series brand. Yet they have not gone out of their way – in contrast to the World Poker Tour – to lock up the players’ intellectual property rights.

They could probably get away with it. The WPT gets away with it; they are being sued but it’s a tiny minority of players who have gone to the trouble, and nearly everyone else is still playing the events (including at least one of the plaintiffs in the lawsuit). Harrah’s knows how to charge a high rake, so it’s not like they are afraid of making players unhappy.

Yet they don’t. Their release is NOT a ridiculous abuse of power. I’ve seen them personally deal with players who had problems signing the release and showing flexibility in working it out. (I saw, first hand, the OPPOSITE behavior from Steve Lipscomb on this issue.) I don’t think they want to take advantage of the players. But because the players don’t have an overall negotiating entity, they can’t work out a simple way for compensating players other than involving a few individual players in deals they have with sponsors/partners, like the video game companies.

Maybe I’ll be proven dead wrong on this, but I don’t think so. I believe Harrah’s is looking for a way to clarify what they make on the Series and cut the players in on some aspect of it.

It wouldn’t be an inappropriate gesture, to start, for Harrah’s to lower the rake on the televised events. After all, they make extra for those particular events because of the TV deal, right?

Now, let’s talk about the operation of the Series itself.

LONG LINES

I don’t know whether Harrah’s should put this in the win column or the loss column. There were HORRIBLE lines at the beginning to register, hours long, even in the middle of the night. And then it cleared up and wasn’t a problem for the rest of the Series. Kudos for straightening it out. But why was it a problem to begin with?

That said, they have to do something about the process of getting people paid. I know some delay is inevitable if the bubble bursts and they have to process 25 or 50 players at a time. But there MUST be a faster way of doing it.

First, they had computers set up all around the payout room, but I think they were props. Most of information they asked for was already provided when I initially registered (or was certainly provided by the second or third time I got paid during the Series), yet they still asked for and hand-wrote all the information on a form. Second, there were multiple levels of clerks and places to march around. First you had to get the floorperson to give you the bust-out ticket. Then someone in the bleachers noted your information. Then you went to the payout room where you gave them your players card and ID. And then you waited, a prisoner really because there’s no way for you to leave the property while they have your identification. After the wait, someone with a big, underused computer would take your information, give you a tax receipt and assign you to a valet who would accompany you to the cashier’s cage. And if there was a wait at any point up to now, there would also be one at the cage.

VARIETY OF EVENTS

This was a winner from the start. They had lots of mixed events and provided many, many more non-no-limit hold’ em events. I counted about 10 new events in 2007, either mixed events or forms of poker they didn’t have in 2006. And there was still plenty of no-limit hold ‘em.

DEALERS AND FLOORSTAFF

Huge improvement from what I could see, from 2006 to 2007. I don’t know the details but I remember dealers complaining bitterly about their treatment during 2006 and I had the impression that they weren’t making what dealers ought to be making. With few exceptions, the quality of dealers was just fine, keeping in mind that they needed about 1,000 a day. Likewise, I didn’t hear much about the job the floor did in making rulings and running the events smoothly – which is usually the biggest compliment you can give tournament administration.

When I explained the controversy surrounding David Singer’s elimination from the tournament (Posts ## 199-201), I was surprised that several of the comments I got attacked David and defended Harrah’s decision. Attacking David was unwarranted, but that sentiment is FAR from the way people would treat a controversial decision by the floor in 2006. People ASSUMED back then that if the floor decided something that wasn’t clear, that they were wrong. The sentiment has reversed, and good for Harrah’s that they’ve won some confidence.

THE AMAZON ROOM

By the way, Harrah’s had a good idea from the start by having the tournament in the Amazon Room. It’s a haul from inside the casino but it’s great from outside the casino – so good that I sometimes took my car from the garage outside the Masquerade Tower and drove to the convention center.

Good job on the look of the Amazon Room. The fabric pictures of the champions were beautiful. The lighting was very good. The final table stadium was much better this year than last year.

I had a problem with the timers. Because they were at floor level along walls, they were in one of the few places non-players could stand/gather. There was almost always – I’m talking about, say 90 times out of 100 – somebody in my line of sight when I wanted to see the length of time left in a level, unless I was seated directly in front of the timer. I don’t blame Harrah’s for this; it’s just something to work on.

Maybe take those overhead monitors with the chip counts – which weren’t comprehensive or updated anyway – and put the timers there.

THE GOLDILOCKS/MENOPAUSE PAVILION

Let me first say that the air conditioning situation at the World Series of Poker is proof positive that Harrah’s is not going out of its way to fatten its bottom line. It’s always freezing in the Amazon Room and often freezing in the pavilion (though it’s sometimes broiling only inches away). Cold in the desert costs money. If anything, they are spending TOO MUCH because it’s almost always too cold.

The pavilion was, literally, coming apart at the seams by the end of the Series. I don’t think they could have anticipated that so many people spending so many hours in that room for so many different events could have aged that tent so much. I hope they break down and annex one of the other convention rooms. I know that’s revenue they’re foregoing but as they correctly determined for the main event, no one wanted to play a $10,000 event (for which Harrah’s was receiving $600 plus all the other streams of revenue) to play poker in something that felt like the LOST IN SPACE set. A lot of revenue is generated from all the action that went on there. Time to give us an actual room.

SEQUESTATORIUM

Obviously, it would have been nice for the people in the room to see Phil Hellmuth win his 11th bracelet. And I heard a couple unattributed, unnamed instances of people whose families couldn’t see them play at the final table. But …

First, more coverage of more events by more media is a good thing. Even better if they players can more directly capitalize but generally better in any event. Second, as I understand it, it was the PAC who pushed for a more severe form of sequestration. I applaud them for considering the integrity of the final table. And I think we have to cut Harrah’s a little slack if we’re unhappy with it. Third, this is the kind of thing I think Harrah’s will fix up. The room gets better each year, the final table stadium gets better each year. This was the first year of the Cone of Silence. Give it time.

FOOD

I think they have to work on this. Two years ago, they didn’t have much more than some guy peddling sandwiches out in the hall. The poker kitchen was a big improvement for 2006, located in what’s now the Menopause Pavilion.

Time for another upgrade. Maybe I’m jaded because I was there for the whole Series, but the selections were too limited for a 48-day prisoner. And frankly, it seemed like the stuff was reheated under those lamps for too long. They’re back down to bad-quality-airport-food level. There was also some issue that they didn’t have cartons or containers to take the food to go. I learned this the first and last time I ordered hot food during the Series. What’s that about?

And let’s take a flame thrower to that horrific restaurant between the casino and the convention center. Who ever heard of a coffee shop in a casino that closes at 9 PM? Especially when you’ve got hundreds of playing until 2 or 3 AM, many of whom don’t go on dinner break until 9. The fucking Gold Spike has a coffee shop that’s open all night. What kind of drugs was the food-service executive on who hatched that place? (By the way, even when it’s open, the place is empty, so maybe I should argue for even shorter hours.)

If you can’t make money selling food at the World Series of Poker, you can’t make money. Maybe there’s a jurisdictional issue – I don’t see Jeffrey Pollack and Ty Stewart donning hairnets and slinging hash – but this is the kind of problem that someone ought to be able to fix.

THE PLAYING CARDS

Positive: before the Series started, they brought KEM back and decided to start each day and each table with a fresh deck. As a writer, I have to take issue with this because that meant there was so much less to write about in 2007. Consequently, without being able to harp on the shabby playing cards, I committed to playing more events.

Negative: the new design they developed for the start of the Series was a disaster.

Positive: They were TRYING at least. The design was supposed to be something the players liked. It just didn’t work out that way.

Non-negative: Harrah’s gets, at most, only partial fault for this. U.S. Playing Card should have been expert at this. Also, I understand that the design was by committee. They got a lot of input from different people, so they didn’t screw up by themselves.

Positive: Jeffrey Pollack didn’t hide. He bore the boos and announced new cards were being rushed to Vegas. They arrived quickly enough that Jeffrey left unstated the possibility the trucks had armed guards with orders to shoot to kill anyone crossing in their path. So Pollack faced a hostile group of players and fixed it. That’s the most you can ask for when something gets messed up. For me, that was a turning point.

PLAYERS ADVISORY COUNCIL

I heard about a number of things that were done in consultation with the PAC. From what I hear, a lot of top players are giving advice – and Harrah’s is always considering it, sometimes following it – on issues like events to run, structures, payouts, etc. This also means on some of the things people are complaining about – like the SequesterDome – it’s not fair to just assume that Jeffrey Pollack is shooting from the hip.

I’m sure there are things I haven’t given adequate attention here. I know there are questions and complaints about the tournament structures and payout percentages. But I also know the PAC was somewhat involved in those, and it’s hard to get a consensus on what’s right, and Harrah’s is trying to get input and be fair.

I also haven’t talked about Harrah’s dedication to charity, which is a positive thing. They picked up the tab for the VIP suite, so the Nevada Cancer Institute could charge $1,000 per player for access during the Series and it all went to the Institute. They did some nice things with Phil Gordon’s and Rafe Furst’s cancer charity and did a great job helping with Annie Duke’s and Don Cheadle’s Ante-Up for Africa. Phil and Annie both specifically told me how helpful Harrah’s WSOP executives were.

CONCLUSION

Overall, recognizing that most poker players are skeptical and complain a lot, I have to say Harrah’s did a good job. They did some things well. More important, they IMPROVED. They EVOLVED. They frequently seemed interested in finding out what the players wanted – which is usually a lot harder than it sounds – and worked toward it. They made mistakes, but they frequently learned from them or fixed them.

Arguably, the players should own the World Series of Poker. If the players didn’t show up, that asset – which I think is worth, conservatively, $500 million and possibly a lot more – is worthless.

But the players don’t own it. Harrah’s does. And unless the players pony up $500 million-plus, it’s going to stay that way. It’s possible the owner of the World Series of Poker could screw up so bad that the value of the Series is impair or even destroyed.

I can tell that this group isn’t going to let that happen. The Series survived the feud among the Binions, Ted Binion’s murder, a shutdown by the government, and a resurrection of the Series on the fly just as it was soaring in value. Jeffrey Pollack, Ty Stewart, and Jack Effel have proven that they can make mistakes – but they’ve also proven they can learn from them and fix them. And in doing so, they have demonstrated that they care. No matter how much we have to complain about – and sometimes it’s a lot – that secret ingredient of caring makes all the difference.

9 Comments

Happily Ever After


Author: Michael Craig Tournament: 2007 WSOP
Published on: 11:07:59 on Jul 24, 2007

I started writing this entry a few minutes after 1 AM on Wednesday, July 18. There were four players left in the Main Event and they had been playing four-handed for over 150 hands. Then Alex Kravchenko went out, and Ray Rahme soon to follow. As I scrambled to complete what I had written, handle new experiences, and order room service to the Amazon Room, I became overwhelmed and BANG, the tournament ended. Jerry Yang was champion. My potato skins finally arrived. And seven hours later I was driving home to Scottsdale.

I am completing it on Sunday, July 22. I thought that the five intervening days would give me some perspective, though I was wrong. What I felt at the time was exactly what I feel now: a sense that I had shared in something very special. I spent those last few hours thanking everyone I knew – Phil Gordon, Gary Wise, Cory Zeidman, Chris Ferguson, Andy Bloch, Michelle Claiborne, and probably 20 others.

It has been a magical World Series. Of course, cashing in my first event and then making final tables in two of my last four events capped the experience. But there was so much more. I released the book I wrote and edited with the Full Tilt pros, and its reception in the poker community thrilled me on a daily basis. I found interesting things to write about, sometimes where I expected to find them and sometimes in the most unlikely places.

For example, when I explained to Lisa Wheeler just HOW great the experience was, I said, “On the fifth day of the World Series, someone broke through a window of my car and stole my navigation system. Even THAT turned out to be a great experience.” How else would I have been able to negotiate extra-fast service in exchange for giving 1% of my action to the auto-glass guy? How else would I have received – and then turned down – a chance to bunk with Clonie Gowen and Shannon Elizabeth? And how else would I have ended up trapped in Clonie’s shower with her stolen underpants if not because I had to invite myself to dinner to save face to all the guys who howled when I revealed I turned down that invitation?

But the best part was the people. It seems odd that poker is such a solitary experience and yet my enduring memories of the World Series are mostly about the time I got to spend with friends.

And that was driven home repeatedly as Tuesday night bled into Wednesday morning. Away from the crowd of the final table stadium was the ESPN studio, with Phil Gordon and Ali Nejad as hosts. All day and all night, a steady stream of guests arrived to appear for a few minutes on the pay-per-view broadcast. It was like a parade of all my friends from the 2007 World Series of Poker.

CHRIS FERGUSON – THE OTHER JESUS ON TUESDAY

One of the first people I saw in this corner of the Amazon Room was Chris Ferguson. I remember being thrilled when Chris and Annie Duke made a final table together in the Omaha EOB/Stud EOB event. It was Ferguson’s first final table in two years and their first final table together. I cancelled my first trip home to visit my family, then was stuck in Vegas – but not watching the final table – when my car was broken into.

Chris also became part of my Series routine because of his tireless efforts to disseminate the STRATEGY GUIDE. There are pictures of him all over the internet reading it during the World Series and he would ask me for a copy or two every time we were near the Amazon Room. His wrath could be mighty – okay, I’m making that up but his mock disbelief was no fun – if I didn’t have a copy with me when he asked.

When I saw Chris on Tuesday afternoon, I asked him about his post-Series plans. To my surprise, his highest priority was putting in some serious time on Full Tilt. He was back at work in his quest to turn his account from zero dollars to $10,000. As many of you are probably aware, he started by playing freerolls. With a few hard-won freeroll dollars and rigid bankroll management rules, Chris is up to about $2,200.

It’s a remarkable achievement and he has no plans to slow down. In fact, he told me about a bunch of related potential projects: updates on his web site, a book, and a new target.

As was always the case when I was with Ferguson near the Amazon Room, he was besieged by people who want his picture. When a particularly large group each wanted to pose individually with him – I have NEVER seen him turn down a request from a fan – we separated. I saw Cory Zeidman nearby, walked over to say hello, and the next thing I knew Chris Ferguson was on television.

CORY ZEIDMAN

Cory sat to my left during the first night of the SHOE (see Entry #195). I instantly liked the guy and the hours I spent with him Tuesday evening confirmed my judgment: smart guy, funny, a straight shooter, and with a perfect-sized chip on his shoulder. Cory was originally supposed to go on the broadcast at 5 or 6 PM. (Who can follow time in such a surreal place as the Amazon Room, at such a surreal time as the final table of the Main Event?)

I know it wasn’t later than 6 PM because we spent some time talking and I left for 7 PM dinner plans. It was sometime after 11 PM when he actually went on – and he’s not a patient, laid-back guy.

It was actually hilarious, talking about a variety of unrelated subjects (a poker show he’s hosting on the Game Show Network, his preference for Stud over Hold ‘Em and for limit over no-limit, the debate over who’s the best player in the world, why everyone was making such big initial raises at the final table, and a bunch of other things), and periodically busting his balls over his interminable wait. First, they got backed up during the first few hours, so the area outside the studio looked like a high-stakes bus terminal. Second, Cory was supposed to go on with Jennifer Harman (they have a famous WSOP TV-table history, including a hand where Cory’s straight flush beat Jen’s full house and, due to a misunderstanding regarding the bets, she thought he slowrolled her on the final call) but Jennifer was playing at the Bellagio. I don’t know if she didn’t want to leave the game when she was winning or didn’t want to leave the game when she was losing – maybe both, at different times. But she held out the possibility, if they called her just before it was time, that she would try to make it.

Maybe her indecision, I suggested to Cory, is her means of getting back at you for the supposed slowroll. Then I started coming up with a list of ever more obscure poker names who were coming to the studio at this moment to appear while he continued to wait. (The funniest of them was ME, as I got the call from Eric Drache to appear before Zeidman actually went on. I was actually back at my computer outside the media center, returned to the studio where Cory was waiting, and told him, “They said they wanted to have me on just before you. But they’ll get to you right away, promise.”

What I really wanted to do was go on WITH Cory Zeidman. He’s so sharp and funny that I could have played of his mock anger at having to wait so long to appear on the broadcast. (At least I THINK it was mock anger.)


MIKE MATUSOW TAKES A CURTAIN CALL

Mike went on with Shawn Shiekhan (while Cory was still waiting). Mike had a great World Series, but just below the radar screen. He missed making a final table in a No-Limit Hold ‘Em event by one hand and finished in the money in the $50,000 HORSE. He also had a lot of chips late in a few events where he ran into some awful luck; one Stud Eight-or-Better event sticks in my mind. He ended his streak of eight consecutive years making a final table – and T.J. ended his streak of FIFTEEN years, giving Phil Hellmuth, at nine years in a row, yet another place in the World Series history books. But he ended up a big winner, playing well and consistently, and coming incredibly close to another long-held and unrealized dream, that of winning a World Poker Tour championship.

On Saturday night, he finished second in the Bellagio Cup. He played brilliantly, beat himself up over one mistake (but did not tilt, and it ultimately made no difference in the outcome), and survived being short-stacked for much of the final table. I watched him at the final table and I’ll soon be writing about that experience.

Mike was mobbed after his appearance at the ESPN desk. This was not recorded in front of an audience per se; it was just the friends, family, and fans who decided to forego watching the final table. But a huge crowd followed to watch Matusow on camera and they surrounded him after. While he posed for endless pictures, he yelled to Shawn, “Get the cards, let’s play some Chinese.”

To which Shawn called you, “Whenever you’re ready, bi-atch!”

I mentioned something I considered important to Matusow in the few moments we had. In the final hand, he knew his opponent had a big hand but he forced the action after the flop when his 8-7s turned into an open-ended straight-flush draw, giving him 15 outs to the nuts.

“Mike,” I told him, “The best part for me was watching you KNOW you were going to hit it.”

“I was CERTAIN it was going to come. I still can’t believe it didn’t.”

“But that doesn’t matter. You believed. That’s a long way from the guy I’ve seen a bunch of during the last year-and-a-half talking about being cursed, never hitting, always taking the bad beat, always getting sucked out on. That guy’s gone and now you’re in charge, a guy who does his best and thinks something good will happen.”


THE REST OF THE PARADE

There were so many old and new friends that I probably can’t even remember them all.

Paul Wasicka was over by the studio. He spent a little while together in consecutive photo shoots for Full Tilt during the Series, and then analyzed a hand together for ESPN.com. (Neither of us realized it while we were discussing it on camera but it was the hand in which Sam Farha SHOULD HAVE won the Championship in 2003. With top pair against Moneymaker, he made too big a bet on the flop, made an indecisive call on the turn, and then folded on the river.)

Greg Mueller – I got to know him at the Series, mostly by watching him go deep, it seemed, every single time he played. I don’t think that guy ever went out of an event before midnight.

Andy Bloch – We talked awhile during the evening, and Andy was at least as mystified as me about the size of the opening raises – 4-6 times the big blind was standard when they were 4-handed. I had a fun evening with Andy right toward the end of the Series. I’ll be writing about that soon.


“DOES ANYBODY KNOW MICHAEL CRAIG?”

So it was a wonderful experience, the whole Series and the chance at the end to see many of the people who helped make it wonderful. But don’t worry about me getting a swelled head. I was reminded, as the Series drew to a close, of the actual marquee value of a poker writer, even if he is friends with Andy Beal, Annie Duke, Andy Bloch (and those are just the "A"s!), and even if he did make two final tables.

Watching the closing moments with some Full Tilt people on a video monitor between the studio and the stadium, Michelle Claiborne mentioned to me that she was hungry. As I thought about it, I hadn’t eaten much in the previous 24 hours, the only meal I recall being shared with Tony Holden and Des Wilson, who fought like an old married couple. It was a delightful experience, but I didn’t eat much.

Michelle Claiborne decided at about 2:45 AM that we should order room service. So I ordered potato skins, she ordered something, a few other people ordered, and Michelle told them to deliver it near the bar. They said it would take 45 minutes, which was ridiculous, but what could we do? Eat something from the Poker Kitchen?

The food still hadn’t arrived when Jerry Yang hit his straight on the river at 3:50 AM to win the World Championship. It finally showed up at a few minutes past four. We both kept our eyes peeled on the bar area, though the harried food monger claimed to have combed the room looking for us.

“I swear, I looked everywhere in this room for you. I must have asked a hundred people, ‘Does anybody know Michael Craig?’ But no one did. I was about to give up.”

Lucky for her, the tip was already included. Of course, the potato skins were cold.

Just a few moments before Michelle called room service from the Amazon Room, I ended my year-and-a-half association with BLUFF Magazine. Ironically, I thought their behavior was EXACTLY like that of the room service waitress, except there were no potato skins.

Even so, if I had to live those 48 days all over again, I can’t think of anything I would do different, though maybe I’d throw those jacks away on the river.

1 Comment

Jerry Yang Wins!


Author: LA Mike Tournament: 2007 WSOP
Published on: 08:37:48 on Jul 18, 2007

Jerry Yang raised to 2.5 million and Tuan Lam immediately pushed in.  After several minutes of thought, Yang made the call.  He shows  8c8d while Lam flipped over  AdQd.  It's a classic race situation for the WSOP main event championship.  The flop is the  Qc9c5s and Lam takes the lead with a pair of queens.  The turn comes the   7d and Yang now has a gut shot draw.  The river is the  6h and Yang hits the gutshot straight to win the 2007 WSOP Main Event Championship!

Yang won $8.25 million while Lam took home $4,840,981.

 

Read about Jerry Yang at Full Tilt Poker.

11 Comments

Jerry Yang Returns to Previous Form, Busts Raymond Rahme


Author: Jeremiah Smith Tournament: 2007 WSOP
Published on: 04:54:45 on Jul 18, 2007

Jerry Yang just added #6 to his list of bustouts today when he made a very tough call. 

Jerry opened from the button to 2.6m and Raymond Rahne reraised to 8.6m and Jerry called.  Raymond checked the AdJh8h flop to Jerry who bet 10m.  Raymond then came over the top all-in for an additional 17.35m.

Jerry took his usual time to think through the hand, pacing around the stage.  Then Raymond made his second mistake when he started talking.  That seemed to be the final nudge over the edge for Jerry as he made the call with As5s (the first mistake was check-raising all in once Jerry basically pot-committed himself).  Raymond was drawing to two outs or runner-runner with KhKs.  The turn 3s and river 2d sent him to the rail in 3rd place.

He earned $3,048,025.  2nd place will pay $4,840,981 while 1st is $8,250,000.

Tuan Lam and Jerry Yang are now on a 20 minute break before heads-up play begins.  Lam has 25m and Jerry sits atop a 100m stack.

150 Comments

The Long Sit


Author: Michael Craig Tournament: 2007 WSOP
Published on: 04:24:09 on Jul 18, 2007

SHAME ON YOU IF YOU THOUGHT I WAS ACTUALLY GOING TO GO HOME

TURBO TEN-DIMER

It's 11:10 PM as I write this. They've been at it (without subtracting for breaks or dinner) for over 11 hours. Far from driving home with my tail between my legs, I feel comfortable enough in my coverage that I'm going to not only commentate on this spectacle but also play the Turbo Hundo on Full Tilt that starts in 50 minutes. In fact, it's appropriate that I do that.

How about what I said about Jerry Yang 9 hours ago, huh? The guy turned into Rambo, busting Watkinson, busting the chip leader, busting just about everyone. I thought I could skip the first several hours and still catch all the action. From my room, I learned that 3 players were eliminated in the first 31 hands, including the guy who started the day as the chip leader.

Were they running the WSOP Final Table as a turbo SnG?


I've been reading some details about the hands but I haven't gone through them comprehensively. All I can say is, "What the hell were these guys thinking?"

Like Lee Watkinson, pushing all in with A-7 against Jerry Yang. What's on his mind? That he's got a bracelet and a zillion big time final tables and 15 years of top pro experiece, so he better get all his chips in at once so the amateur doesn't outplay HIM after the flop?

Talking about this with Cory Zeidman, who was waiting (for several hours, it seems) to go on as a guest on the ESPN PPV broadcast, I said, "I think I can talk a better game than I can play but I'm getting there. I think of Lee Watkinson as a top, TOP pro. I think if he has A-7 against A-9, he should be able to get away AFTER the flop if an ace hits. I assume I couldn't but he should be able to. But I think even I could have gotten away before the flop with his stack."

I think the problem is all the zeroes. I honestly believe these guys are having trouble getting their heads around the different color chips and the big denominations. If this hand played out in the $500,000 Guarantee on Full Tilt, I simply don't think this would have happens. Drop 3 zeros.

Blinds are 120-240, 30 ante. Jerry Yang, the chip leader has 45,090. Lee Watkinson has 9,745.. Yang has the small blind. Lee, with permanent position over the big stack, is in the big blind.

Small-blind Jerry raises to 1,000. More than x4. Clearly an amateur play. The bigger the bet, however, the easier it is to let go. Especially when you're the experienced pro with permanent, unalterable position on the amateur with the big stack. (I'll grant you, the one element I can't figure in is what Watkinson is reading off Yang. Clearly, if he has some 99.99% read that Yang is super, super weak, he merely trusted an incorrect read. But I don't think that's really at work here.)

If I'm on the left of a big-stacked amateur who raises too big when he plays, I DEFINITELY don't want to get fancy. If Gavin Smith is doing that, I'd worry about how to put a stop to it - but Gavin doesn't do that. A top pro doesn't want to expose himself with a weak hand if someone comes over the top. With an amateur, you need a big hand. With pocket queens, there's a good chance the amateur will call you. But even if he doesn't, he's putting so much money in the pot that you don't even need to get paid off following your reraise. His 1,000 plus the blinds and antes is plenty.

Lee looks down at A-7. What to do? First thing I think is that you don't over-analyze. He was the tight guy, the new guy. He's suddenly active and aggressive with a lot of chips. Blah blah blah. Do you want to play a guessing game with an amateur? Even if you thought you knew the guy and he's changed into something else, you as the pro don't NEED to force the issue less than 20 hands into the game. Even you think you're good, you can call and outplay him on the flop. Or if you think he's putting a move on - a guess that's more likely than not to get you in trouble - you can raise his 1,000 to 2,500 or 3,000. If he's truly making a move, do you really think he would believe he has so many chips that he'll call? And if you're worried about that, aren't you worried he'll think the same thing about 8,000 more if you push in?

Lee raised the 1,000 to 9,300, moving all in. After getting a careful count, Jerry Yang called the 8,300 with A-9 and eliminated Watkinson.

I've played in plenty of tournaments on Full Tilt where a guy gets a big early lead and plays too loose - bets too much and calls too much. And I've messed up by trying to force the issue with that guy. But I'm learning and I generally don't fall into that trap. I'm not sure why Lee fell in, but maybe it was all the zeroes.

NOTE AT 12:02 AM - I had fully intended on playing the Turbo Hundo. In fact, since I've been a red pro, I don't think there's been a single tournament where I've signed up in which I've later unregistered. But I got a call at 11:45 PM from Eric Drache. He wants me on the ESPN PPV broadcast.

I unregistered and ran over to the Amazon Room. I'd have stayed registered and missed the beginning (that worked fine in my "Shannon the Redeemer" adventure last Friday night) but based on their production schedule, it was anyone's guess when I actually went on. Cory Zeidman has been waiting to get on since, it seems, Day 2-AB and they just now put him on.

They told me to come back at 12:15 AM, which I'll do. The area near the ESPN broadcast area - across the Amazon Room from the final table stadium - is actually much cooler than the final table itself. I'll tell my stories after I do the broadcast and return to the place where I'm writing this, just outside the media center.

Should be sometime around 3 AM.

Last word before I go for my close-up: It looked like this tournament was going to end super-fast with 3 players busting in the first 31 hands. But Jerry Yang has proven that it's a lot easier to accumulate chips than to hold them. He once had 75 million chips and he now has just over 50 million and the smallest stack has over 20 million. With blinds of 250,000-500,000, the shortest stack has 40 big blinds. And now that they've been here 12 hours, I presume that no one is rushing to prove a point with a ridiculous medium-strength hand, especially if Yang is willing to hand out courtesy double-ups.

The people working the tournament, especially the broadcast, are expecting a long, long sit before it ends.

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Alex Kravchenko Busted in 4th Place


Author: Jeremiah Smith Tournament: 2007 WSOP
Published on: 04:09:35 on Jul 18, 2007

Jerry Yang's luck has returned as Kravchenko's ran out.  Kravchenko was all in with AK versus Yang's 88.  Yang flopped a set of 8's and Kravchenko's uber-impressive 2007 WSOP came to an end.

He earned $1,852,721 for fourth place.

Yang regained a commanding lead with 67m chips.

Raymond Rahme has 36m, and Tuan Lam is sitting in 3rd place with 24m.

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A Level Playing Field


Author: Jeremiah Smith Tournament: 2007 WSOP
Published on: 03:29:56 on Jul 18, 2007

As soon as the online commentator uttered, "Well, there's 3 more aces left in the deck," we all knew exactly what was going to happen.  Raymond Rahme was going to hit at least one of them. 

Yang had him absolutely crushed with QQ versus AQ but you should've heard the "Ohhhhhhhhhh!"'s when the Ad hit on the flop.  So sick!  The board bricked out for Yang, and now the playing field is officially leveled.

Now it all comes down to who can endure the marathon without a complete mental breakdown.  Unless, of course, that mental breakdown leads a disgusting three outer.  That's what separates the pros from the joes, ladies and gents.

Chip Counts:
Raymond Rahme - 36.5m
Alex Kravchenko - 20.3m
Jerry Yang - 41.5
Tuan Lam - 29m

3 Comments

Tuan Lam Hits His Three Outer. Twice.


Author: Jeremiah Smith Tournament: 2007 WSOP
Published on: 02:58:35 on Jul 18, 2007

Tuan Lam was just all in preflop with Ah5h versus Raymond Rahme's QcQd.  Silly Rahme!  Lam doubled up when he spiked an A on the flop.  And another one on the river, just to rub it in.  He also picked up an extra 2.5m from Yang plus the 500k from Drago...er, Alex' big blind.  He now has 26m and Rahme drops to 17.1m.  Brutal.

Rahme was heard muttering after the hand, "If it wasn't for luck, I'd win 'em all..."1

Rahme has been all in on 2 of the last 3 hands since the suckout.  Can we say tilt, anyone?

Before I could finish this post, Rahme moved all in for a 3rd time in 4 hands.

This is now tilt of the worst kind--full blown monkey tilt!  Although he did win all three times. Sometimes FBMT isn't a bad thing.  Until you get called.  With A5.  And lose to a 3-outer.  Twice.

That's not true.  Not even a little.

1 Comment

I Must Break Him!


Author: Jeremiah Smith Tournament: 2007 WSOP
Published on: 02:57:53 on Jul 18, 2007

Alex Kravchenko came over the top all-in to a Jerry Yang raise...Jerry began pacing...counting out his chips...and then he called. Of course.   It's really funny, in a way, that he even stops to think about it.  But, after starting out incredibly hot, Yang has lost nearly every race since.  Especially to Alex.

Jerry Yang As10d

Alex Kravchenko KsKh

This is actually the second time today that Yang would need to hit a three-outer to bust a player.  After the 8c6d6h someone in the media room actually called for running sixes.  Brutal.  But the poker gods were kind to Alex as the turn and river fell 3s2h and Alex has now doubled up for the third time today through Yang.

With his 27m chips, the stoic Russian has suddenly become the favorite to win the main event.  This will be one of the most incredible--and improbable--main event victories.  When Yang had 60m, Alex was staring down at a 6m stack.  Yang has slid to 49m.

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