Last night, for the first time in my life, I bet $150 on the flip of a card. In the grand scheme of things, $150 is not a large sum. There are many, many people who gamble at far higher stakes. But for me, it was a watershed moment. Most of my gambling to this point has been small stakes -- limits of 3/6 through 6/12, where my investment in any pot was generally not more than $50; tournaments ranging in cost from $10 to $100. Even the $100 tournaments didn't seem like high-stakes gambling, since I saw many, many hands before busting out. It felt like value.
No-limit cash games, on the other hand, are a different story entirely. I've heard stories of people losing upwards of $1,000 on a single hand, a pretty significant sum when you consider that the blinds are $1 and $2. Two previous forays of my own, at the behest of a friend visiting Los Angeles, ended in disaster, convincing me that staying far, far away from no-limit cash games was in my best interests. Since my return to NYC, however, a different friend convinced me that I'd be able to hold my own as long as I knew when to let go of top pair, and I decided to try again at one of the NYC member-only "game" rooms -- essentially, a backgammon club that has expanded to include poker as the game has enjoyed renewed popularity.
My friend was already seated in the game when I arrived, and immediately came over to greet me. I asked him if he thought I should buy in for the max ($250) right away -- I know that in no-limit cash games, it can be important to have a deep stack. He said that if I didn't feel comfortable buying in for $250 right away, I could buy-in for the $100 minimum, get a feel for the table, and then "top off" to $250 later on. That seemed like a good plan.
With a mixture of apprehension and exhiliration, I sat down in the two-seat, filling out the table. I had a pretty simple game plan -- play tight while I felt out the table. In the first half hour, I think I played only one hand. The Hilton Sisters. There were a few limpers in front of me, I raised to $15, and everyone ran. Rather anti-climactic. Big Slick came a few orbits later, and a player I had already recognized as a tight, cagey player opened for $20. I called, only to have the player on the button, who had been lamenting a cold streak of cards from the moment I got there, move all-in for $87. Craaaaaaaaaaap. The cagey guy in the ten-seat called, making me pretty sure he had a Group 1 hand -- probably not aces though, otherwise I imagined he would have reraised, being happy to take down $100 with his rockets. Kings? That would be bad. I had $77 left in my stack, so it was either push or fold. I folded. They opened JJ and QQ for the cagey guy; my king came on the river. Oh well.
I limped for a while, and the combination of missed flops and time charges ($4 per half hour) burned through another $30 of my stack. Eventually I topped up to $250, but was still playing a bit scared and hadn't been able to pull down a single pot since the Hilton Sisters. Shaking things up seemed like a good idea, so I limped J8o from middle position, something I ordinarily would not do. The flop was T-9-6, giving me an open-ended straight draw. There was a $10 flop bet that I called with several others. I think I would have called it even if my pot odds hadn't been correct, but by the time the action was back to me I was getting the right value for my money, so it was an easy call. A turned king was a bit ugly, as QJ was a decent possibility, but it caused the flop bettor to check, with so many people still in the hand, giving me a free river -- a beautiful 7. A guy in early position bet $10, I raised to $30, everyone folded and he called saying "well, I'm dead to jack-eight." I showed him jack-eight, he nodded and mucked his ten-high straight.
Ok! Finally pulled down a pot. I felt better. My stack wavered for a while, rising slightly, dipping slightly, until my godsend appeared at the table: Jimmy the Greek, seated immediately to my right. Jimmy, as I was quick to learn, was NOT a good player. He would call to the river with ANYthing, making it impossible to bluff him but very profitable to simply outflop / outdraw him.
That's where the $150 bet comes in. I raised Big Slick to $15 and got three callers. The flop came K-Q-5; with top pair, top kicker, I bet out $50. Everyone folded except Jimmy, who called. Was he drawing, or did he flop a set of 5s? The turn was a brick, which he checked. Thinking, thinking. I hadn't seen much in the way of stellar play from Jimmy, so I put him on a draw. There was about $150 in the pot. I needed to bet at least $75 to give him improper odds, but if he called, I'd be all-in on the river as long as a real scare card (basically an A or 9) didn't show up. May as well go all-in now.
My heart rate accelerated and my blood pressure jumped through the roof, but as calmly as possible, I said "All-in" and pushed my stack forward, counting down $151. Wow. Did I just bet $151? Geebus. When Jimmy did not immediately call, I knew I had him beat. Excitement now mixed itself into my agitated emotional state as I stared at the felt, trying to remain one cool cucumber. He finally said "good bet" and mucked, and I pulled down my $151 plus the ~$150 in the pot.
Fantastic! My confidence soared. I had walked up to the abyss, dangled over the edge, and come back, no worse for the wear. At 2am, I was about even and asked my friend if he was going to leave. He said he'd stay for one more half hour, so I did too. And a good thing! The Hilton Sisters showed up again towards late position. I bet $14 and got 4 callers for $70 in the pot.
A flop of 3-4-3, two hearts, looked pretty good to me, until Jimmy the Greek bet out $40. $40, Jimmy? I took my time to think it through. He limped in from middle position, then called my raise. What could he possibly be holding that was worth a $40 bet? Smelled like either the 4 for 4s up, or an overpair. Either way, I had him beat. I raised to $120. With confidence, even! No fear this time as I peeled off 4 reds and 4 blues from my stack and pushed them in front of my cards. Everyone folded until the action was back to Jimmy. He called. We checked down the turn and river, and my queens up beat his nines up, made on the river. Damn! I had left money on the table. There was no way to know that the river nine had helped him, but I'm sure he would have called any river bet with his two pair. Oh well, I was happy enough taking down a $300 pot that I toked the dealer $5.
I cashed out $467 on my $300 investment. As my friend and I left, I was in a genuinely good mood. There's nothing like leaving a winner, a confident winner who thinks that he can play the NL cash game.
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