Posts Tagged ‘Negreanu’

Daniel Negreanu Had Losing “Breakeven” 2017 in Live Tournaments

 Daniel Negreanu Had Losing “Breakeven” 2017 in Live Tournaments

Poker Hall of Famer Daniel Negreanu has always been an outspoken member of the poker community and tends to be open and honest about how things are going at any given time in his career. Case in point: as 2017 came to a close, he posted his annual live tournament results on his blog, revealing that he had a losing year.

Not beating around the bush Negreanu displayed the numbers right off the bat. $ 2,874,164 in buy-ins and $ 2,792,104 in payouts for a net profit of -$ 86,140.

Now, for the vast majority of the world’s population, losing over $ 80,000 in a year would be devastating, and while Negreanu certainly wasn’t happy with the number, he saw it as basically breaking even. He calculated his average buy-in at $ 40,481, so ending up down about two buy-ins – to him – was almost nothing.

I would LOVE to be able to look at an $ 86,140 loss as breakeven, to shrug it off like it was pocket change, so part of me read that in Negreanu’s blog and was appalled. But really, I get it. I haven’t played online poker in a few years, but when I did, my average tournament buy-in was probably $ 5. So if I played on a regular basis through the calendar year and finished down $ 10, that would certainly be quite close to breakeven. So I get it.

One reason Daniel Negreanu elected to share this information with the public was set out in the first paragraph of his post:

I mention this because I think my 2017 was a good illustration of the illusion that players cashing for $ 2 million in a single year is a great accomplishment. In the old days, before super high rollers, you could all but guarantee that cashing for $ 2 million would mean the player had a winning year. Well, the truth is, if a player plays the full high roller schedule and cashes for $ 2 million, they are all but certain to have had a losing year, and that’s before expenses.

He estimates that with the $ 1 million Big One for One Drop returning to the World Series of Poker this year, combined with the Super High Roller Bowl and other high roller events, some poker players could easily spend $ 5 million on buy-ins. He added that though most who spend millions on buy-ins have backers for some of it, he funds himself completely. The one exception will be for the Big One for One Drop, where he’ll probably sell about half of his action, “as it just seems like a bit of a crazy amount of money to risk in one tournament.”

Negreanu also posted his live tournament results for the past five years, showing that he also lost money – $ 1,246,693 – in 2016. Overall, though, from 2013-2018, he is up $ 8,733,074 in live tourneys. The big year was 2014, where he profited $ 7.1 million. All or most of that (depending on how much he had of himself) came from the Big One, where he placed second for about $ 8.3 million.

The post Daniel Negreanu Had Losing “Breakeven” 2017 in Live Tournaments appeared first on Poker News Daily.

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Dan Smith Defeats Daniel Negreanu in $100,000 Super High Roller at Five Diamond

 Dan Smith Defeats Daniel Negreanu in $100,000 Super High Roller at Five Diamond

In one of the final preliminary events (if you can call a tournament with a six-figure buy in a “preliminary”) before the start of the World Poker Tour Five Diamond World Poker Classic Main Event next week, Dan Smith vanquished fellow poker pro Daniel Negreanu to win the $ 100,000 Super High Roller on Friday night.

While there has been plenty of action around the Bellagio leading up to the WPT Main Event, the $ 100,000 Super High Roller pulled plenty of eyes to its action. 39 entries would pony up the $ 100,000 entry fee to build a $ 3.9 million prize pool. Of that bounty, only six people would be walking away with any money, making the competition fierce.

By the time Thursday night arrived, the money bubble was still intact as seven players battled it out for the right to get a return on their investment. Stephen Chidwick was the unfortunate “bubble boy” in the tournament, taking away $ 0 for his seventh-place finish. Before the action would be called on Thursday, serial High Roller player Bryn Kenney picked up some more cash (and, perhaps as importantly, precious Player of the Year points) when he was knocked out in sixth place.

The five-man final table on Friday was headed by Isaac Haxton, who held 1.8 million of the chips in play at the start of action. Behind Haxton was Negreanu, who wasn’t too far back at 1.47 million. Stefan Schillhabel, Sergio Aido and Smith were lagging far back and not considered much of a threat for taking the championship.

Smith was able to start his charge by getting a double up through Haxton, which would then set about the latter’s fall. After Aido was dumped in fifth place, Haxton departed the scene to bring the three-man battle of Smith, Schillhabel and Negreanu to the fore. Negreanu gave running commentary across his Twitter feed to those who couldn’t be in the Bellagio and the battle was entertaining.

Negreanu seemed to be content to sit back and let Smith and Schillhabel battle it out, and they swung for the fences. Smith eventually would start to get the better of the German, however, and on their final hand of combat Smith’s pocket Aces was leading pre-flop against Schillhabel’s J-10. That situation completely changed on the flop, coming down J-10-10, pushing Schillhabel into an unlikely lead. Left with only two outs in the deck, Smith saw one of those rescuing Aces fall on the turn to return the lead to him. Schillhabel, looking for the case ten to deliver another suckout, instead saw a blank as he left in third place.

Perhaps Negreanu should have paid a bit of attention to his opposition as Smith entered heads up play against him with a sizeable chip lead. That chip lead would eventually translate into a championship as Smith, holding Big Slick on the final hand, was able to make it stand against Negreanu’s Q-10 once the final board rolled out.

1. Dan Smith, $ 1,404,000
2. Daniel Negreanu, $ 936,000
3. Stefan Schillhabel, $ 624,000
4. Isaac Haxton, $ 390,000
5. Sergio Aido, $ 312,000
6. Bryn Kenney, $ 234,000

With this tournament in the books, players can put their attention to the WPT Five Diamond Main Event on Tuesday. The $ 10,000 buy in tournament will wrap up the 2017 calendar year for the WPT and it should be hotly contested. Last year the tournament brought in 791 entries, with James Romero eventually walking off with the championship and the $ 1.9 million first place prize. Expect a similar turnout for this year’s event as the calendar year ends.

The post Dan Smith Defeats Daniel Negreanu in $ 100,000 Super High Roller at Five Diamond appeared first on Poker News Daily.

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Daniel Negreanu Has Some Thoughts on WSOP POY Math

 Daniel Negreanu Has Some Thoughts on WSOP POY Math

A week ago, I wrote an article lamenting Chris Ferguson’s presence near the top of the 2017 World Series of Poker Player of the Year leader board. He is down to third from the second spot he was in at the time I wrote it, but he is still dangerously close to the number one spot. In the piece, I mentioned that multitude of cashes, while really nice in and of themselves, are not really all that impressive as far as cashes go and thus “shines a light on what may be a weakness of the scoring system.”

Apparently, great minds think alike, as Poker Hall of Famer and the man in seventh on the WSOP POY list, Daniel Negreanu, is right there with me. But unlike me, “Kid Poker” knows a thing or two about poker, so he actually has some concrete ideas of how to revamp the Player of the Year scoring.

In his blog on Full Contact Poker, Negreanu listed five adjustments he would like to make to the POY system, starting with the number of cashes that should be counted. He finds it lame that players who have the time and money to enter 40, 50, or 60 events have a massive advantage, as if they are decent enough players, they are bound to cash in 20-25 percent of them and even if the cashes are small, they will score enough points to threaten for the POY title.

Instead, Negreanu says, only a player’s best eight cashes should count, which would level the playing field a bit and make deep runs more significant in the scoring.

His second thought is about the scoring itself. Negreanu feels that there is not a wide enough spread in points between the winner of an event and a min-casher. “In a 600 player field, the current system rewarded the winner the equivalent of 4 min cashes,” he wrote. “That’s not a good ratio.”

A better ration is 8-to-1, Negreanu said. Figure out how much of a win should be worth, set the min-cash boundary, then work out the numbers in between. He brainstormed something like 75 percent of first place points for second place, 65 percent for third, 60 percent for forth, and on down the line. Those figures sounded like they were just quick, back of the napkin work, and could certainly be adjusted.

Third, Negreanu thinks that the $ 10,000 championship events should be worth more points than lower buy-in tournaments because the fields are typically tougher.

Fourth, he said that the field size used in POY calculations should be capped at 8,000 so as not to overweight the Colossus, which attracts as many as 20,000 players. Now, based on the calculator on its website, it looks like the WSOP only directly counts the buy-in and prize money won in its scoring, but since field size affects what the prizes are, it is an indirect factor, so something might be able to be done to Negreanu’s liking.

Negreanu’s final suggestion is one which he says will be the most controversial, and that is if someone does not win a bracelet, that person cannot win Player of the Year.

“I don’t think it’s unreasonable to require at least one win to be rewarded POY. In fact I think it adds a cool dynamic to the race,” he wrote. “You may have a points leader at the top without a bracelet who in the homestretch needs that win to win the title. Yes, I’m aware that this would exclude me from contention in the 2017 race, but it isn’t about me, it’s about a system that absolutely guarantees the ultimate winner will be deserving.”

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2016 WPT Five Diamond World Poker Classic Main Event Day 1: Robin Hegele Picks on Daniel Negreanu to Become Early Chip Leader

 2016 WPT Five Diamond World Poker Classic Main Event Day 1: Robin Hegele Picks on Daniel Negreanu to Become Early Chip Leader

While one World Poker Tour event was wrapping up in the Czech Republic, one of the most popular WPT events of the year was starting at the Bellagio in Las Vegas. The WPT Five Diamond World Poker Classic Main Event saw 519 entries for Day 1 on Monday with 385 players advancing to Tuesday’s Day 2. Robin Hegele has the unofficial chip lead with 185,000 chips; the official chip counts should be released later this morning.

There is still a long way to go, but if Hegele can keep up the good work, he will be on his way to the best cash of his live tournament career. According to TheHendonMob.com, Hegele has just shy of $ 24,000 in live tournament earnings. His largest cash came just last month in the WPT Caribbean Main Event, where he finished in 36th place for $ 10,000.

Hegele reached the top of the chip counts largely in part to his ability to abuse Poker Hall of Famer Daniel Negreanu. During Level 3, Hegele raised pre-flop to 400 (it’s not often we see notable hands with bets that low) and Negreanu re-raised to 2,000. On the flop of K-K-5, Hegele checked, Negreanu bet 2,000, and Hegele called. Hegele checked again with the 2 on the turn and then called a 6,000 chip bet from Negreanu. Both players checked the J on the river. Negreanu had nothing, failing to hit a spade flush, while Hegele had K-Q for trips. That took Hegele’s stack up to 103,000, while Negreanu busted shortly thereafter.

This tournament, though, allows unlimited re-entries through Level 8 and Negreanu had already re-entered four times. He decided to keep trying, so he and Hegele tussled again a bit later. In another key hand, Peter Neff raised to 400, Hegele re-raised to 1,200, and Negreanu four-bet to 5,000. Lily Kiletto then moved all-in for 10,250, forcing a fold from Neff. Hegele then decided to move all-in himself, so Negreanu called off his remaining 33,000 chips.

When the cards were turned over, Hegele had A-K of spades, Negreanu had pocket Jacks, and Kiletto had pocket Tens. Hegele ended up pairing his Ace on the turn to eliminate both opponents and grow his stack to 163,000 chips.

That was not the last time Negreanu would fire another re-entry bullet. He did finally make through to Day 2 with 80,825 chips.

Day 2 begins at noon PT. As mentioned, re-entries are available through Level 8; Day 2 will begin with Level 6. The largest field the WPT Five Diamond World Poker Classic Main Event has ever had is 664 in 2007, so with unlimited re-entries continuing, it looks like there is an excellent chance that record will be broken.

2016 WPT Five Diamond World Poker Classic Main Event – Day 1 Chip Leaders

1.    Robin Hegele – 185,000
2.    Lucas Blanco Oliver – 139,325
3.    Andjelko Andrejevic – 136,400
4.    Jennifer Tilly – 134,225
5.    Chris Wieners – 121,000
6.    David Pham – 120,100
7.    Soren Jensen – 116,975
8.    Lazaro Hernandez – 106,975
9.    Corey Hochman – 106,150
10.    Nicholas Manganaro – 104,350

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Daniel Negreanu Would Like to Change Poker Hall of Fame Voting Process

 Daniel Negreanu Would Like to Change Poker Hall of Fame Voting Process

Daniel Negreanu has never been one to keep his feelings about poker matters to himself. Now that Todd Brunson and Carlos Mortensen have been elected to the Poker Hall of Fame, he has something to say about the Hall’s election process. To be sure, Negreanu has no problem with the men who were elected – he calls them “both gentlemen friends and tough players.” What Negreanu would like to see changed are some of the eligibility requirements and the method by which the finalists are chosen.

In his blog on Full Contact Poker, Negreanu detailed the adjustments he suggests for the Poker Hall of Fame eligibility criteria. First, let’s review the criteria that are in place right now:

•    A player must have played poker against acknowledged top competition
•    Played for high stakes
•    Played consistently well, gaining the respect of peers
•    Stood the test of time
•    Or, for non-players, contributed to the overall growth and success of the game of poker, with indelible positive and lasting results.

Covering the last one first, Negreanu said that non-players, or “builders” as they are often called, should be considered separately from players:

I also find it difficult to vote for someone in the builder category when it takes up a spot that a player may have gotten. Since builders represent a small percentage of the nominees, my suggestion to address this is to induct a builder once every 4 years in addition to the two players that go in annually. That way people like Matt Savage, Steve Lipscomb, John Duthie, Bruno Fitoussi and others would compete against each other in this category and not be judged against players. It’s quite difficult to judge apples and oranges, so just the apples against the apples, and the oranges against the oranges.

He also wants to reword the criterion slightly to add more clarity.

Clarity is a common theme amongst Negreanu’s desired changes. When it comes to “top competition,” he wrote, “What defines top competition exactly? When the Hall of Fame was created, this could only happen if a player played the highest stakes cash games against the world’s best players. Since the 70’s poker has changed a great deal. You have online poker skills, tournament players, and a wide range of stakes that could be considered high stakes.”

Negreanu concluded that the “top competition” requirement should just be removed, as it is a given that if someone is good enough to be considered for the Hall of Fame, they will have played against the best players in the world.

Similarly, Negreanu wants to define “high stakes” as tournaments with buy-ins above $ 10,000, Fixed-Limit cash games of $ 400-$ 800 and above, and No-Limit cash games of $ 25-$ 50 and higher.

He aimed for similar clarity for the “played consistently well” and “stood the test of time” criteria, which are obviously quite subjective. In the end, Daniel Negreanu came up with a revised set of requirements for the Poker Hall of Fame:

1. Must Be a minimum of 40 years old at time of nomination
2. Played for High Stakes.
-Tournaments with buy ins over $ 10,000
-Limit Cash games $ 400-$ 800 and above
-No Limit Cash games of $ 25-$ 50 and above
3. Their poker skills are well respected by their peers
4. They were exceptional in at least one of these areas:
-Cash Games
-Tournaments
-Online Poker
5. Stood the test of time over a period of 15 years or more

As for the nomination and final voting process, Negreanu isn’t thrilled with the finalists being selected by a public nomination process because a fan vote basically boils down to a “popularity contest.” He would like it tweaked to allow four finalists selected by fans and six selected by the media and Hall of Fame voting panel.

Speaking of which, those 44 living Hall of Famers and media members currently get to submit ten votes split up amongst any finalists they would like. Negreanu feels that this “gives voting blocks far too much power” and would like it changed to allowing voters to select just two finalists, ranking them as a first choice and second choice.

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