Poker author and coach Tommy Angelo has returned with a new installment of his popular "Tilt for Beginners" series at Learn.PokerNews. Tommy's latest entry finds him engaged in conversation with two characters who appear in his forthcoming book, Painless Poker. Here's how the story begins:
“What, precisely, is a bad beat?” said Alfonzo Calibri.
“A bad beat is when you lose a hand during which at some point you had a high statistical probability of winning the hand,” said Charlie Archer.
“I don’t think a bad beat is defined by odds,” I said, “but rather, by pain.”
After talking deal for a little bit, play continued without reaching an agreement. Jack Salter and Malte Moennig was in agreement with the deal Tournament Director Thomas Lamatsch set-up, but Antonio Buonanno wanted round numbers and didn't agree. Buonanno wanted an extra $33,000 from Salter, but Salter didn't want to give up anything. In the end Moennig wasn't happy either and play continued.
“I’m not giving extra, no way.” This was Jack Salter. Antonio Buonanno and Malte Moennig were asking him for a little leeway on his deal terms, but Salter, leaning back casually in his leather chair, his head tipped back as the others peered anxiously at a computer screen, was not budging. From body language alone you sensed that Salter knew he had everyone where he wanted them – worried about his chips, worried about his advantage, worried about their own fate. The PokerStars Blog reports.
Hand #72: Antonio Buonanno got a walk in the big blind.
Hand #73: Salter opened and everyone folded.
Hand #74: Malte Moennig opened the button to 205,000 with . Buonanno in the small blind had and three-bet to 550,000. Salter folded his big blind and action was back on Moennig.
The commentators talked about either folding or calling, but Moennig opted for a different strategy. He shoved all in for 3,295,000 and Buonanno made the snap call.
The on the flop didn't connect with either. The made for some choppertunities, but the on the river was a blank and Malte Moennig was eliminated in third place.
Buonanno instantly wanted to make a deal, while Moennig was still standing there.
Play has stopped while the organization sets up the table for heads up play. Negotiations about a deal have recommenced. The attention focuses on Salter discussing his own deal with, what we assume is his backer, Ami Barer. Salter wants a smaller piece of himself of the big swings that can happen now heads up and is trying to sell a bit more of his action.
Jack Salter has made a deal that he sold 75% of the difference between second and first. This means Salter won't make a deal with Buonanno, but does have less risk than the actual difference between first and second.