Entry #1 (2010-03-18)
I’m about to tell you the truth about why the new Poker1.com was launched. Maybe you didn’t think there was anything wrong with the old Poker1. You’ll be surprised.
Before I explain, let me welcome you to the Mike Caro blog and ramble a bit. This is my first entry. I’ve never blogged before. You might think that’s strange, but it isn’t – and the reason it isn’t has a lot to do with the previous Poker1. By the way, you can still visit the old site; but it’s been renamed MikeCaro.com.
Semi-retirement from poker
I quit playing poker regularly a decade ago. And except for the main event and a few others at the World Series of Poker, I don’t even compete. The only reason I’ve even played at the WSOP recently is because I was doing seminars. You might have seen clips on ESPN of the one I did last year. If you watched their profile of me, you might have concluded that I’m crazier than ever. Actually, they had many hours to choose from and only selected the times when I was in full “Mad Genius of Poker” mode. The parts where I shifted gears and used my more professional and philosophic persona strangely didn’t make the cut.
No matter. That “Mad Genius” nonsense is an act I invented to be able to preach poker in lively ways. If they like it better than the real me, well, that was the plan.
Why stop playing poker? I’m an egomaniac, believing that if I simply declare that I’m the best player alive, a few people might believe me. But if I exhaust myself chasing down big tournaments with from 500 to 8,000 competing, I might never win, and nobody will believe me. Sure, I really think I’m the best, but I estimate that this means I have about two-and-a-half to three times my fair share of placing in the money or winning a tournament. Against stronger competition in larger events, two-and-a-half times is more likely. By “fair share” I mean that if all participants were equally skillful in a 600-player field, each would average one win in 600 tries and place in the money (assuming 10 percent of the field is paid) once in 10 tries. Assuming I’m right about my superior skill, I would expect to win about once in 240 events and place in the money one time in four.
A big advantage
That’s a big advantage. It means that anytime I enter a $10,000 event, my long-range expectation is to cash out about $25,000 on average. That’s assuming my money finishes would be spread equally among the various places paid, and that’s a bad assumption, but beyond the scope of today’s blog entry. Even that would mean sometimes going 10 or more events in a row without getting paid anything at all. That’s the nature of poker tournaments. You’ve got to play a whole lot of them for short-term luck to be overwhelmed by long-term skill. It’s very unlikely mathematically that the best-known tournament players who’ve won the most events recently are really the greatest competitors.
Plus there’s the conceptual problem with most tournaments, which I’ve written about extensively. In short, it goes like this…
In a typical proportional pay-out tournament event, the person winning first place has to gather all the chips. But the winner can’t cash them out. Instead, that winner must compensate all the late finishers already conquered. In my mind, this suggests that first place is penalized and late finishers who lose all their chips are rewarded.
Mathematically, the concept is simple. You’re not going to like the way I state this, but here’s the gospel truth: The correct strategy in a proportional-payoff tournament is to avoid taking first place! There, I said it! What this means specifically is that you should play to survive, often avoiding risk with small edges that make you a superior player in everyday poker games. You hope to take first place, sure, but you actually want to stumble into it, rather than pursue it.
Now let me ask you a question. Doesn’t that sound like exactly the opposite of what a poker tournament should be about? I believe that a tournament should be about winning the trophy or bracelet. If the players having the best shot at first-place must necessarily be ones who are playing poor profit strategy, then why have a tournament? If I enter, I want to prove I’m the best, and I don’t want to be penalized for doing it. That’s why I rarely play tournaments.
A hermit in the Ozarks
Instead I’m surrounded by 41 acres of forest on Table Rock Lake, near Branson, Missouri. Here I commune with the furry creatures that visit along miles of golf cart trails winding through the trees.
I’ve written about 1,000 columns and articles on things ranging from poker to life strategy, plus about 10 books, But I’ve never blogged until today. You’re reading my first entry ever. I’m not sure how often I’ll do this, and most entries won’t be this long. But I would have started years ago, except for one thing.
The old Poker1.com was in shambles. I couldn’t blog. So…
New Poker1 conceived from a temper tantrum
After four years of nobody being able to fix it, I got tired of waiting. I had a temper tantrum. Pay attention; we’re about to bring Doyle Brunson into this mess. This is a story of good intentions gone bad.
I was the first widely known poker personality to endorse a real-money online poker room. It was 1998 when I joined the pioneering site, Planet Poker – the leading Internet poker entity back then.
Planet Poker was so revolutionary, thanks to its founder Randy Blumer, that almost all current poker sites are modeled after its design. And there I was in all of its advertising, looking crazy and inviting players with, “Come to my planet, Planet Poker,” and doing online poker lectures that began with, “Beaming directly to earth from my planet… Planet POKEERRRRRRR!” It was great fun.
Fast forward to five years ago. Just prior to that, I’d been coaxed into joining a different poker site that hadn’t launched yet. Well, that didn’t work out, as I quickly became disillusioned. Hold on, I want to try something. Okay, I just visited their Jet Set Poker site to see if they were still operating and saw a “You could own this domain name” message. I wonder what the story is there. Forget it; let’s get back to this story.
So, here I am a free agent at Doyle’s house about 2005. We’ve been friends since I helped with his poker bible Super/System – A Course in Power Poker in 1977. He was launching his own online poker site, Doyle’s Room. In a day or so, you’ll see a DR banner here and a right sidebar link to an entry about how I ended up endorsing his site, instead of my own. Unless you’re reading this blog entry on day one, the link is probably already there. To summarize the entry, we decided to combine our reputations. There was Doyle as the legendary poker champion, having (as of today) won 10 World Series of Poker bracelets, including two main-event titles. And I was, Doyle explained, the famous professional player who turned goofy and decided to desert the tables to obsess on his poker research and teach the game.
The deal was that I’d endorse his site, taking second position, rather than the lead, and, in turn, he’d endorse Mike Caro University of Poker. Then we’d use Poker1.com for educational purposes. It would be the perfect marriage of poker personalities and talent. Well, it didn’t take six months for this to get screwed up. To this day, nobody knows how it happened. Poker1 was a popular site and I was poised to add tons of additional content. Then suddenly, after turning administration over to early DR staff, the content management software governing the site (Absolute News Manager) couldn’t be updated.
Someone had made helpful tweaks and the code was irrevocably broken. I could no longer administer my own site! Well, I complained, and Doyle complained the loudest, but even his authoritative degrees didn’t lead to a resolution. I kept having renewed hope that things would be resolved, because staff was optimistic. But it never happened. Meanwhile, I sort of drifted away to other projects.
Finally, I’d had enough. About two months ago, I told Doyle I was going to rebuild Poker1 myself. I didn’t want and wouldn’t allow any assistance. It had taken over four years, but I was finally pissed off. This was going to be my canvas and I was going do everything myself, my own way, I told Doyle. Perhaps it sounded like a temper tantrum, but it was sincere. Now, you may know that I’m a programmer, having written lots of software for poker simulations and even created the first famous artificial poker player in 1983, called Orac (Caro spelled backwards). I know how to create the difficult stuff, but unfortunately I don’t do web. I didn’t know much about it, except basic HTML.
Modern design theory done wrong
I’m thinking graphic artists are scratching their heads in bewilderment. Strangely, I understand how I’m supposed to design a site. I just don’t want to do it that way. I know what I’ve created runs completely against modern design theory. But I’m hoping you’ll get used to it. It’s how I want it – with all the pretty content (when there is any) taking center stage and all the surroundings being stark, functional, and gray scale. In order to understand it, you’d have to get inside my mind. But then, inside my mind isn’t a place you’d want to visit.
Anyway, that’s how the new Poker1 came to be. It’s incomplete at this writing, but entries are being added and transferred almost daily.
Welcome to my world. Welcome to Poker1. – MC
24 thoughts on “Why a new Poker1? Tournament insanity (Caro blog)”
Mike, while you are aware that I have read your articles since the Gambling Times days, I didn’t know that it would mean as much to me then as it does now !! Bottom line I could care less about how the site looks or operates , just as long as Im able to read and understand your words then well that’s all I care about !!
This was fascinating to read! I find it amazing how young the new Poker1 is! I came across it early on, sometime after I’d read your articles posted on Pokerpages.com. At first the greyscale took a little time to get used to, but I came to prefer it. And now, I prefer it a lot. Now when I look at other sites, there’s no comparison. This is much easier to read, and much more enjoyable. I know I’ve probably already posted all this somewhere before, but this blog gives a little more glimpse into it all.
Thank you so much again for the new Poker1!
I am one of the 1000’s of Aussies who took up poker after Hachem’s WSOP. I found myself however, getting more enjoyment studying the game than actually playing it (even though I had my fair share of micro/small stakes success). I branched out after reading Super/System 2 to learn the HORSE games and love the different styles they bring to my home games.
It’s a shame we haven’t seen you out here running seminars at the Aussie Millions. I’m sure you’d get innundated with interest. In the meantime, keep up the great work.
Thank you for sharing your wisdom and teaching poker. I have improved my skills by reading your books and watching your videos.
I play almost everyday sometimes its funny when certain situation arrives that I just watched or read about. The book of tells was a great book.
And thank YOU for the supportive words, Ron.
Welcome to our Poker1 family.
Grey is AOK! It’s the text, stupid, and this way the glam of the web doesn’t get in the way of the words. Leave it as it is – as always, you’ve moved ahead of the curve.
Hi, Mike —
I appreciate the positive feedback. (I appreciate negative and neutral feedback, too, just to be clear.)
Thanks for making your first comment and joining our Poker1 family.
Feedback on color: PERFACT!
IMHO it enables the content to shine through with colors instead of competing with it.
Historical perspectives: I love it!
Helps me to see the larger pictures and the path our founding fathers laid down for us ;-)
Taking Charge: YES!
The ultimate demonstration of dedication!
Thank GOD that Mike is now capable of doing his own web site! This way no content should be lost due to differences in interpretation.
Hi, Zsolt —
I appreciate the kind words. Thanks for making your first comment and joining our Poker1 family.
I for one like this gray no-nonsense color profile and the layout in general. Very clear and easy to navigate.
Planet Poker , what a blast from the past . us folks playing IRC poker using gregs poker client (gpkr) basically fell all over our selves when we first DLed that software back in the day.
Its good to see you again mike or read you as the case may be.
I figured you have finished all the repairs on you spaceship but love the ozarks so much you have decided to stay on for a while longer and rework this project.
I always enjoyed your talks at the WPPC, BARGE and at HP back in the time those things were going. And similarly, seeing the reason within your so called madness when others failed to do so. thanks for providing us beings a a glimps into pokers astral plain. were all the other stuff than most folks cant get a firm grasp of exists.
good luck with those table rock blue gills as well
and thanks for getting P1 back up and running.
Hi, Timmer —
Thanks for checking in and making your first comment at Poker1.
I appreciate your kind comments. I haven’t visited the Usenet newsgroup rec.gambling.poker in many years, as it seems to have deteriorated somewhat. We’ll be opening the forum here soon.
I like the gray scale. I just want the meat and potatoes anyways. So keep on putting great information in here and screw all the design stuff.
Hi, Jerry —
Thanks for joining our new Poker1 family by posting.
I appreciate the encouragement. Already over 50 people have told us they like the gray-scale. Some say they didn’t initially, but I guess it grows on them.
I’m glad to see you have redesigned your site. I kept getting security warnings from my security when I tried visiting the old site. I played at Planet Poker and tried Doyle’s Room. Unfortunately that site never had enough players to make it worth playing the many times I checked. BUMMER. Now I am at Poker Stars. It sure looks like Planet Poker with pictures. I’m thrilled you have a new site and have started blogging, you have one faithful follower in me. Best Wishes.
Damn, jetset poker don’t exist anymore. lol
I was on there with the other 30 or so players. My name there was jetts0n. lol
Good to meet someone who played at that site.
Welcome to Poker1, Stan.
Enjoyed the first blog post … just read it today.
Site is easy on the eyes, it’s somehow peaceful, it quiets the mind. Very good for learning.
I’ve read a few articles I had not seen before and have enjoyed them as well.
I’ve learned from a couple of other pros and have been doing well, but am really looking forward to being an MCU student.
I’m on record as pro-stark, but this gray really gives me a headache. However. If I could deal with the higlit-link red of the old poker1, you can believe I’ll find a way to deal with this one. Hell, Mike, if it jumps off the screen and punches me in the nose it’ll be worth it to keep reading your articles.
Thanks for a great resource.
Hi, Thomas —
Welcome to our Poker1 family.
Thanks for the encouragement (about the articles). About the gray, I’ve made a decision to stick with it and weather the storm. I know it’s weird, but it’s me and I’m hoping it will eventually grow on people. Maybe the color in various photos and videos that take center stage (when necessary) will partially compensate.
I appreciate the feedback.
The truth, nothing but the truth. The gray may be ok for us old folks but I lay you 2 to 1, if you took a survey people would vote 2 to 1 for color. The rest of the site is great.
Just to clarify, “this gray gives me a headache” is not intended as a hyperbolic aesthetics review. Could be a physiological deficit, could be my monitor needs adjusting.
In the bad old days of “this is a picture of my dog” websites, when maybe 15% of them were 8 point red fonts on black backgrounds, browsers had a switch to override the default html colors. If I could find that anymore I’d use it. If it was a bigger problem I’d save it locally, and edit for my own viewing.
Your article on why it’s a bad idea to discuss strategy at the poker table? My guess is you’ve saved me more headaches with that one article than I will ever have time to balance with this little trouble.
On balance I’m scoring you +EV and -HA.
I like the layout of your blog and I’m going to do the same thing for mine. Do you have any tips?
[Instant message address deleted from this public post, since we can’t verify that it belongs to the author. The comment is very general and believed to be spam. If not, we appreciate the praise and urge the writer to post remarks that wouldn’t apply to any web site or entry. — Poker1 admin] NOTE: This comment is the only example of this type of probable spam intentionally allowed to appear at Poker1.
I really enjoyed your first blog, just as I have enjoyed reading your books (which, by the way, have helped me to earn quite a bit of money). As new blogger, myself (I recently began a blog relating to my professional practice), I understand how meaningful comments can be, and I hope this comment encourages you to continue blogging. While your articles and books are fantastic (I re-read portions of them almost daily), I am especially interested in reading your current thoughts on the game and on life strategy. So keep it up!