Monday, March 29, 2010

secret agents

“I must complain the cards are ill shuffled till I have a good hand.” This Jonathan Swift quote encompasses both sides of the poker spectrum. On one side, poker is a game of chance. The cards are shuffled and dealt in random order to players who know of only their own cards. On the other side is a world of complex math and strategy that, when implemented successfully, can yield financial rewards. The true nature of the game has been vehemently debated over time between avid players and advocated of gambling addiction relief. The true nature of the game will never be truly revealed, but there is one more school of thought that seems to make the most headway towards an answer.


In an upcoming essay, I will address the concept of philosophical and social agency and how it relates to society. My vehicle in to this topic is the game of poker. The game of poker has evoked my interested in agency and structuralism based on the distinct connections between the two seemingly unrelated topics. It is a combination of these factors that leads to the construction of a third school of “poker thought.” This blog will be a small precursor of my length essay. This small passage is intended to clarify my direction and organize my thoughts, as well as open up a new perspective on the game.


Let’s begin by clarifying two sides of the argument in the social aspect. First, there is the argument of structure. Structuralism is a complex system of interrelated parts. These parts make up society and influence the set of determined actions possible within the structure. Our roles and actions are predetermined and executed without any ability of the agent to change it. In poker, this can be considered the gambling aspect. When a player, or agent, sits down at a table and joins a game, he or she is subjecting himself or herself to a structure that they have no control over. The cards are shuffled, dealt, and the odds of the game take control. The player is just along for the ride, either reaping the benefits or suffering the losses.


This attitude is what most people will subject to gambling addiction. Gambling addicts live and breathe for this uncertainty and often fall victim to the rush and financial burden of the game. People believe that poker addicts have no control over their games and that they are destined to pour their income down the drain.


The second side of the poker coin is the players who believe poker is a decision-based game. Since the invention of online poker, the amount of games and hands a poker player can see per day has increased exponentially. Professional online poker players are known to play upwards of 20 tables at one time for hours a day. The truly successful professionals have stuck to a complex set of rules and strategies that make them profitable.


These strategies, however, change over time. The best players in the world have a keen sense for change and will adapt to the new styles accordingly. These professionals are similar to agents in the theory of methodological individualism. In this theory, the “agents” can construct and reconstruct their own societies. As the best players construct new techniques and strategies, they gain a profitable edge over the other players. The agents are in total control over their fate given a proper sample size and strict management. When the rest of the poker world catches up with the curve, these agents are able to then once again craft their poker actions and reconstruct their abilities, insuring a profitable future.

It is in this ability that we see the connection between poker and methodological individualism. The poker society is not driven by random chance or luck, but instead by the acts of individuals and the observations of these acts. It is this thought that allows professionals to truly believe that they are in control of their own fate.


As factually accurate both of these sides are the answer cannot simply lie in just one realm of poker understanding. The truth is, the answer most likely is a mixture of both luck and skill. In poker, we find that there is no true volume that will determine a player’s profitability. Over time, players venture through patches of good luck and bad luck called variance. Sometimes, a player can’t d wrong. They win every flip, hit every flop, and river every nut. We’ve all gone on a “hot streak” before. Sure, we haven’t changed our play, but we’ve been rewarded on a more frequent basis. Poker players have also all gone through a bad swing of variance. Sometimes, no matter how solid your strategy is or how good your odds were, you lose. The rouge diamond on the river or the lone Ace on a turn, poker can surprise us in many ways. The sad truth of poker is that you are only fully in control of your own games; other will march to the beat of their own drum.


This concept is prevalent in the third opinion on agency, known as structuration. Structuration is defined as not focusing solely on an individual or a society, but the social practices ordered across space and time. We essentially reside in a set of rules and norms that are pertinent to our society, in this case poker, and we have the freedom to act upon those options. This means that our actions are partially predetermined based on the given options. It is the repetition of these acts, the calls, raises, and folds that build the structure of norms and values. Do you know exactly why you don’t play 72 off suit? It is widely held to be the worst starting hand. But there is no force stopping you from playing it and from time to time, winning with it. These structures and beliefs don’t determine our actions; they instead constrain them and regulate them. On the other hand, our actions are always forming and reforming the structure of the game.


This is how poker evolves.



Sunday, March 21, 2010

Poker Plans

Poker plans.

24 hours in a day is not enough time. Not for me, at least. I’ve learned this very quickly in my first semester of college away from home. Budgeting my time has quickly become an asset in my life and I am still learning how to do it effectively. Unfortunately for me, poker has not been a priority in my life as of late.

I feel that poker is best played when there is a desire to play. Although I always crave a good game of poker, I’ve slowly been rounding the corner and doing a bit of growing up. Poker has taken a back seat in my life, at least for now. Fortunately for me, poker is a patient passenger. It never asked if we’re there yet, it doesn’t have to stop to use the bathroom, and it never changes the radio. Poker respects the tune of my life right now, bobbing its head up and down to the beat that the radio reflects.

At some point though, poker will reemerge in my life as an important facet. I anxiously await this day. This day, more likely than not, will be sometime this coming summer. I will have no classes and only one job 4 to 5 days a week. My agenda will be cleared and I will be living a stress free two and a half months at home in West Palm Beach, Florida. Beaches, babes, and poker. The life.

I don’t know about you, but when I go on a road trip, I don’t just jump in the car in drive. No. I’ve got a plan. When I return to the game, I want to hit the felt with my full potential and make this summer the most profitable poker experience possible. With poker buckled in to the passenger seat of this adventure, it knows where we’re going and how to get there.

Bankroll:

The first step is to replenish all of my poker bankrolls, both live and online. I want to have exactly 100 average tournament entries in my accounts online (roughly $200-$300 per site). This will ensure that I can continue to play within my range of tournaments on a regular basis. As for live poker, I plan to carry about anywhere from 15 to 20 buy-ins for 1/2NL, which is roughly $1,500 to $2,000 dollars. Typically, 20 buy-ins is a bit short for online poker, but my variance is lower in live poker and I feel I have an edge over most players at my tables.

Schedule:

The second step is to plan out a set schedule of play on my poker days. This involves choosing the best tournaments on any given day and planning my average buy-in for the day. I will also monitor my total buy-in’s for the day, always aiming for a set number that is to be determined based on tournament availability. Having an open and flexible work schedule makes this very possible and a key to my success. I also plan on playing a certain number of hours of live poker per week. These will obviously fluxuate with my work schedule and poker room hours, but I will aim for a minimum of 5 hours per week.

Lessons:

I will also plan to make a triumphant return to my poker coach. While in Palm Beach, I receive the help of a professional poker player and coach named Tristan Wade. Tristan is a professional multi-table tournament player with over one million dollars in career earnings as of 2009. Tristan has been a huge mentor in my poker life and will continue to benefit me as a reach and exceed my poker goals. His insight is invaluable and with him on my side, my summer should be a big step in my poker career.

Exercise and Diet:

One of the advantages of living at home is that I can eat healthier at no cost to me. My family is happy to provide my meal when I am home, which normally leads to a much healthier diet. This revamped diet along with recreation and exercise will keep my mind and body fresh. A healthy body and mind is paramount for any serious poker player. When your mind is distracted by a poor nights rest, a bad diet, or a lack of fitness, it can be hard to concentrate on other things. In poker, your mind is your most valuable tool. Treat it right, respect it, and it will be your adversary.

Long Term Goals:

This summer will mark the one-year countdown to the 2011 World Series of Poker. The 2011 series will be my first year of eligibility and I plan to make my way to Vegas and participate. I am going to incorporate a percentage based savings system in order to help fund a portion of my tournament buy-in’s for the events. The WSOP has been gracious enough to offer a new set of $1,500 tournaments this year and will continue to do so. I plan on playing between one and three of these tournaments in order to try and increase my WSOP funs to meet the $10,000 Main Event buy-in. If I do not reach my 10k goal, I will deposit the funds in to a savings account and use the funds for the next series.

All in all, this summer has promise. I am long over-due for a break from school and the hustle bustle of college. I plan to embrace my time away from the academic world and attack the game with full rigor.