Isildur1 Explaining Variance.

[JackDogWelch]

The following report comes from highstakesdb. Frankly, I look at this level of play like some sort of poker porn.
While the article explains the newcomer is down $1.3 million, this is particularly painful to watch, as he was up over 6 million (not a typo) about three weeks ago. There is a certain clarity and justice in poker perhaps.
The Notre Dame coach gets fired after performing worse than just about any coach in the school's history and he'll get $3 million annually for the next 6 years. Goldman Sachs executives are getting HUGE bonuses atop their HUGE salaries for nearly bringing the US economy to ruins. Don't get me started. - JDW

The life of a high stakes poker player is nothing if not interesting. Win a fortune one day, lose it the next. For Isildur1 these past few weeks has certainly been a rollercoaster the like of which we have never seen before. And yesterday he again made some kind of history, losing a total of 5.3 million dollars to a wide range of players.

When there is blood in the water, the sharks show up in great numbers, and this was certainly the case during this period.
In total, Isildur1 has lost about $1.3M over the last six weeks, and when you consider that durrrr has lost about five million dollars to him, you could say that the main thing that Isildur1 has done is to spread durrrr’s money around to the other players. The main beneficiary has been Phil Ivey, who won $2.7M, followed by Ziigmund and Patrik Antonius with $1.9M each, while Brian Townsend was also able to get away with a $1.7M win.

Isildur1 has played well over 130 000 hands in this period, so his total losses are well within the expected variance, but seeing the way he tanked over the last few days, you have to think there was some element of tilt involved. There will obviously be speculations as to whether he is bust or not a this point, and without giving an opinion on this, I will just say his accumulated results now are only $100K better than at his low point in the beginning of November. And this only two and a half weeks after he reached the $6M plateau. It is a tale of peaks and valleys, so let’s hope for his sake that he is be able to make another comeback.

[gryphin9]

I saw a 1.3 million dollar hand between isildur and PA and quite frankly gambling with that type of money is utterly disgusting when you think of all the good that money would do for the world. I could personally never bring myself to play a million dollar hand even if I had that kind of money I am sure that there is something better that I could do with it then gamble it away to the next person. There should be some type of limit this is the main reason that the PPA havent been able to overcome legislation in the government. But I guess to each their own.

[jpeterson007]

How come this article doesn't mention what isildur1 lost to Stinger?

[eqgh5uea]

How come they don't follow BR managment? 5% from their (estimated) total of---let's say---$15 million is not $1 million.

[jpeterson007]

When you play that high normal BR management techniques don't usually apply. This is because lots of these top players have people who have a stake in them. I'm not sure if they all do but its just like when people sell shares when they enter the WSOP. Just another way for them to reduce variance.

[eqgh5uea]

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