Great poker at Orleans Open

Jul 10, 2006 10:40 PM

Carol, I am very happy for you and The Seniors Charities.

I understand that the generous senior poker players during the seniors annual no limit poker tournament that I hosted over at the 2006 Orleans Open made over 300 charity re-buys and that you raised over $7,500 for charity.

Carol, one of the lady senior poker players said to me, "I love to play in (seniors) events, even if I lose I know that a lot of the money is used for good worthwhile charity causes."

I will give a report on the winners of The Seniors charity event next week, but I will not be in the winner circle this year — I went out early.

However, I will tell you about the first event, the $225 no limit hold’em event that kicked off the Orleans Open on July 1.

I wanted to play in this event, but I knew it would take a lot of energy, because there were 461 players who signed up to play in this two-day tournament.

There were no re-buys and Bryon, the Orleans poker director of operations, had scheduled the event for skillful play with one hour limits, breaks and dinner breaks and then a return for the final table on the following day.

I wanted to play but I did not know that the first day would require more of me than I wanted to use up!

I played with the folks until after 3 a.m. — over 15 hours of poker the first day!

But we did not have to return for the final table until 3 p.m. the following day.

I was greedy, not for the money but for a first place win. I did not wish to split the prize money — silly me.

But I wanted to win it and I only finished in sixth place.

The other poker players tried to be good to me and they offered me a good settlement when we got down to six players remaining in the event. There were two players with more chips than me.

But I took the scheduled payout of $4,025 instead of making a money deal. Most of the time at this point I am a good businessman and realize that in no limit poker anything can and does happen and I usually take the split. And in the future I will consider making a good deal, but today I wanted the trophy.

But just this one time I said okay — if you make me the winner, I will split the money, but I did not have a commanding amount of chips and the other poker players wanted to win the first event of the tournament as well.

So after thinking it over, I said let’s play on!

The Orleans paid deep. Yes, they paid 45 places. Since there were 461 players about

one in 10 of the poker players received part of the prize pool.

Here are the top nine finishers of the first event of the 2006 Orleans Open Poker Tournament.

1. Dieter Dechant of Henderson, California, $22,360

2. Robert Gerstenzang of Jamestown N.Y., $13.770

3. Chris Schmieder of Staten Island N.Y., $9,390

4. Jerimy Tate of Louisville, Kentucky, $6,260

5. Sakat Batra of Campbell, California, $4,920

6. OK-J of Las Vegas, $4,025

7. Julie Wallis of Sault Sainte Marie, Minnesota, $3,130

8. Helen Juan of San Jose, California, $2,325

9. Steve Ender of Las Vegas, $1,520

There’s still plenty of great poker to be played at The Orleans. Come on out!

Date Event Buy-In
Sat. July 1st No Limit Hold’em $225
Sun. July 2nd Limit Hold’em $225
Mon. July 3rd No Limit Hold’em $225
Tue. July 4th Omaha Hi-Lo $225
Wed. July 5th No Limit Hold’em $225
Thu. July 6th Senior No Limit Charity Event $225
Fri. July 7th Limit Hold’em $330
Sat. July 8th Omaha Hi-Lo $330
Sun. July 9th No Limit Hold’em $540
Mon. July 10th 7 Card Stud - Noon $225
Mon. July 10th Ladies No Limit H/D 3PM $120
Tue. July 11th 7 Card Stud Hi-Lo $225
Wed. July 12th No Limit Hold’em $540
Thu. July 13th No Limit Hold’em $330
Fri. July 14th Omaha Hi-Lo Championship $540
Sat. July 15th Limit Hold’em Championship $540
Sun. July 16th  No Limit Hold’em Championship $1050

OK-J Poker Tip of the Week

It is often cheaper to raise the pot than to call when it is your turn to act on your hand!

Example: You are playing $10/20 limit hold’em. The flop is out there and your options are if someone has bet before you — throw away your hand, call the player’s bet or raise.

Now, if the hand is not good enough to raise with, it is probably not good enough to call with. So, now your options are down to two — throw the hand away or raise.

So you call the $10 and raise it up to $20.

If you raise, the chances are that the player who made the bet — if he respects your play — will just throw away his hand, or he will call.

But he will check his next turn to act and you will have a free card (if you wish it).

If you had not raised, on his next turn to act he would most of the time bet you the $20. And if you call then you would have $30 invested in the hand, but if you had raised him you would only have $20 invested in the hand at this point.

So although you have raised, you would have less in the pot and that is why I say it would be cheaper for you to raise than to call!

More important, you have now have gained control of the pot and there is more money in the pot if you like it.

You can now bet again.

More on this in another column.

Until next time remember to stay lucky.