party poker

Wednesday, June 29, 2005

Affiliate 102

Empire Poker was really the only poker room that stiffed us of our money. After we referred a ridiculous amount of players to their site, they came back to us and said that they weren't going to pay us because our players weren't making enough money for them. Whatever!

Here's how I see it. It's an affiliate's job to get the players to these poker sites, but it's the poker site's job to keep the players playing there. If the poker site sucks, like Pacific Poker, then as a poker player, there's no way that I'd continue playing with them either. What these poker sites need to do is to focus on improving their software and then the players will come.

Unfortunately, the above is not how the poker sites see it. What I'm going to tell you next is probably the single most important thing to understand about this business. In order for you to make money from the poker sites, you have to make money for them. It's a two way exchange. They're not going to give you $75 per player if your player plays two raked hands.. You have to try to find a way to bring quality players to them. They'll drop you like a bad habit if they find out that you're scamming them.

Anyways, I have a lot more to talk about the subject, but I don't want to give away too much about how we operate cause then you guys will be our competition. In my next blog, I'll get back to my daily routine.

Stock Check:
I took a loss on DFIB at .99. I took a loss on GOOG as well, after it staged a short squeeze. However, I reentered my short position at 295.68. Still watching and waiting for BGO to make another move. I'll be there to buy it up when it's ready. I'm also short GG as well, at 15.8.

Boogster

Monday, June 27, 2005

Affiliate 101

How did I get started in the affiliate business?

About a year ago, I was looking to buy some Kem Cards for my home game. I found out that they were pretty expensive and very hard to find, since Kem was in the process of relocating their production facilities.

Well, after numerous hours of searching on the net, I found ONE vendor who had about 100-150 sets of these Kem Cards. This vendor was selling them for only $25 a set. I decided to buy them all up and sell them on ebay for a quick profit. That's when I stumbled upon the lucrative affiliate business. Instead of selling the cards for a 100% profit, why not get people to sign up to one of these online poker sites in exchange for a set of Kem Cards. I'd make a 200% profit instead. So, that's how www.boogster.com started.

Initially, I started advertising only on ebay.com. After a few weeks, they cut me off and suspended my account because they said that it was against their rules to "promote online poker sites" in their auctions. So, that was that. Ebay was my best source of advertising and just like that, it was gone. How would I find customers now?

I decided to set up a website. Having a background in IT and web design, building one wasn't a problem. It only took me a few weeks to actually get the site up, but that was the easy part. Still, how would I get customers? I tried everything from Fatwallet to craigslist to yahoo auctions...I even tried ebay again via a loophole, but it was HARD getting people to come to my site, let alone trust me when they did.

After doing a lot of research on advertising and attracting customers, I figured out that word-of-mouth was the absolute best source of advertising. Why not let our customers do our advertising for us? All we had to do was to provide the best and fastest service possible and our customers will tell their friends about our site. So far, so good.

We're not even close to being one of the biggest affiliates out there right now, but we're growing bigger and bigger every day. I just wanted to give you all an idea of what it takes to get started in this business. All it really takes is a simple idea. Then from there, as long as you have the motivation to succeed, you will succeed.

In my next blog, I'll talk a little bit about the online poker sites to watch out for and all of the growing pains that we had to endure to bring us to the point we're at right now.

boogster

Thursday, June 23, 2005

Soooo Impatient...

So, I made it to the $1/$2 no limit game last night around 8pm'ish. I get there with about $300 in cash (the stupid ATM only allowed a maximum withdrawal of $200). There was already a full table going with about 11 players and get this...there was a waiting list. I was the 6th player on that list! WTF? I'm going to a home game, which was raked, and they had a friggin waiting list? If I go to a damn home game, I don't want to wait to play. Ridiculous. So, after waiting till 9pm to have my "name called", I bailed. I barely even knew the people who ran the game. The friend that took me there only knew one of them. So, I bolted outta there without even playing a single hand. Sucked, because I was looking forward to playing against randoms, for a change. Anyways, that was that.

After I got home, I played for a little while on UB. I was multi-tabling some $1/$2 no limit and $3/$6 limit. I ended up dropping a few hundred! Sucked. My no limit game has gone to shit recently. I'm playing one too many hands, I overplay my weak hands and underplay my strong hands. My reading skills are better, but I've been playing way too loose. I need to go back to tight agressive. I did well in the $3/$6 game, but got cracked in the no limit game. I liked the days, when I was winning a grand or two every month, a whole hell of a lot better.

Anybody check this blog out?

Tao of Poker

This guy is in Vegas right now and he does hourly updates on the daily WSOP tournaments. Pretty money. After reading it, I had to put his blog in my links section. I also added David William's Blog. Not the best blog, but it's always good to see what the pros are up to...if you even consider him a true "pro".

Stock Check:
BGO made a new multi-week high today, but once again failed to close above that number (2.38). As a matter of fact, it closed at the low of the day on mediocre volume. I sold my bazillion shares at 2.38 for a nice 25 cent profit, which amounts to a 11.8% gain. I will get back in when I think the time is right. In the meantime, I shorted Google (GOOG) at 289.2. I also bought DFIB at 1.05.

Now, I said that I'd talk a little about the affiliate business. I'm going to do a full blog about it in my next blog. Stay tuned!


Boogster

Wednesday, June 22, 2005

Rounding...

I'm playing in a $1/$2 no limit game tonight with randoms players whom I've never played with before. It'll be interesting learning, reading, and adjusting to the different styles of the new players. I'm going to bring a bankroll of about $400-$500. The main objective of tonight is to win money. Lots of it. I'll report back tomorrow on my results. The "A" game is coming out tonight.

Boogster

Tuesday, June 21, 2005

Monday night game, stock check...

Played in my regular $.50/$1.00 no limit game last night (we upped it from $.25/$.50 to $.50/$1.00). I ended up dropping my entire wad of $60 by 3:00am. We played for a whopping 7.5 hours on a Monday night! Ridiculous if you ask me. I was soooo frigging tired by the end of the night that I started playing garbage hands. I was up about $150 at one point, but I lost it all in the last 20 minutes of the night.

Although I lost my entire wad, I felt as though I played well. Like I said before, this $.50/$1.00 game is just a way for me to practice my live action play in a cheap way. I can play my game without having to worry about losing my real bankroll. It has definitely helped my game, a lot.

Anyways, I thought I made some great reads throughout the night. And I actually made some big calls that I wouldn't have normally made. I've been trying to trust my insticts, like I've been preaching to myself over and over again. And, it worked. Instead of laying down monsters to a bluff, I called. Instead of not following through on bluffs when I know my opponent will fold, I put in the big bet. All in all, I made three spectacular reads and one not-so-spectacular call. One mistake out of four is not too shabby. The hand-of-the-week on www.boogster.com will have my "not-so-spectacular call" in detail. I'll put it up shortly.

To change the subject, I'm going to list a few things that I learned over the past few weeks:
1) It's okay fold a good hand (AK, AQ, KK, QQ, etc.) after you've raised it preflop and a scare card comes on the flop. Don't be stubborn, when you know you're probably beat. Lay the hand down...there will be another one.
2) Every movement, every grimmace, every sound, every gesture that you make during a hand should be a deliberate one used to persuade or dissuade your opponent from calling. Don't give your opponent any tells (e.g. a grimmace or reaching for your chips), unless you are doing it on purpose.
3) The more serious you look, the more itimidated your opponents are, unless, of course, they have a great hand. In a hand, if you act like you're out for blood, then a lot of times, they will give you a free card, or they will bet a smaller amount than they normally would. It's scary betting into someone who looks like they're going to take your head off.

Okay...those a just a few of the things that I learned over the past few weeks. I'll try to list some more as they come to me. I don't want to turn this into an "uber-post", like some bloggers, so I think I'll stop here.

I know a lot of you guys are curious about the affiliate business, so I'm going to try to give you guys an inside look at what we do in the upcoming weeks.

One last thing...stock check:
BGO traded above 2.35 yesterday, which is a good sign, however it did not close above that number. The good thing is that it's in what we call a "bullish consolidation" phase right now. Once it closes above 2.35, then it should go to the initial target of 2.6, then eventually to 3.2. If you bought at 2.12, then you're already up 11% on the stock. You should put a stop sell at 2.25.



Boogster

Thursday, June 16, 2005

43 hits to my blog...

I got 43 hits on my blog yesterday. That's the second highest day besides the day that Guiness and Poker posted my blog on his site. It's kinda funny that I check my blog stats every day. I guess I find it fascinating that people actually read what I have to write about. Even though I rant and rave about absolutely nothing. You can check out my blog stats here:

blog stats

So, Arieh won the $2,000 buy-in pot limit omaha event. Pretty amazing if you ask me. It's great to see that he was updating his blog in the middle of the tournament as well! There's even a picture of him sending a text message from his cell phone during the middle of a hand!

Arieh Text Messaging

Man, just reading his blog and Negreanu's blog makes me want to step up and play with the big boys. I want that feeling of knowing that I'm one of the best poker players in the world and then being able to execute and win a major tourney. The problem with me is that I'm not willing to take that initial risk. Without risk, there is no reward. Without failure, there is no success. I'm comfortable with where I'm at in my life right now. I'll always be comfortable. The people who make it big in this world are hardly ever just comfortable. They're always striving to become bigger and better. That's why they're in the position they're in.

I was reading Annie Duke's biography on CardPlayer.com. It said that she dropped out of her Doctorial program to player poker for a living. Can you imagine putting all of that effort into obtaining something, then dropping it to play poker? I can't. That's why she's making millions now and I'm sitting here writing this blog about her.

Alright, I'm out for now. I need to go reevaluate myself. Hah.


Boogster

Wednesday, June 15, 2005

Bodog Main Event odds, Arieh makes it to the final table...

Bodog has odds for the Main Event:

Bodog Poker Odds

I think the best bet out of the whole list is probably 1/15 that a male will win the bracelet. That means, for every $1500 wagered, you'll get $100 back. That's a lot to risk for $100, but considering the fact that females will probably be outnumbered by more than 50 to 1, I think the odds favor the bet. I may throw down a few bills. We'll see.

Check it out, Arieh makes the final table of the $2,000 pot limit omaha table. He's currently in second place. Play resumes at 2pm pacific time.

CardPlayer Live Update

Arieh's Blog

Stock Check:
BGO has been held within the trading range of 2.15 to 2.35. It'll be held within this trading range until it can break free in one direction or the other. If the stock was bought at 2.12, then you should have a stop sell at 2.13.


Boogster

Monday, June 13, 2005

negreanu talks trash...

Check out this video about Negreanu talking trash to Barry Greenstein about his 7-card stud heads up match:

Cardplayer video

Pretty cool to see his emotions behind his blogs. The two blogs that I read pretty much daily are Negreanu's and Arieh's. Although, Arieh hasn't really had too much excitement lately. All he talks about is missing his wife and kids. That's probably why he's not winning in those WSOP tourneys...his mind's on something else.

I hope I didn't lose anyone in my last blog about stocks, but hey, if you're a real gambler, you'd learn how to trade stocks as well. There's a crapload of money to be made in trading. In my opinion, if you're good at it, it's a hell of a lot easier than grinding it out on the poker tables. About the stock that I picked (BGO), on Friday it broke 2.12 which triggered a buy signal, then closed at 2.25. That's a 6.1% gain in one day. Today, it broke friday's high of 2.25, but closed at 2.23, which is still a sign of strength. Give it a week or two and it should run up to at least 2.6.

Okay, enough about stocks for now. Anybody catch the Tyson fight on Saturday night? Wasn't it sad to see Tyson give up like that? What a bum. At least he was honest though..."my heart's not in this anymore... i just did it to pay the bills". Oh well.

Okay...I'm out for now. I haven't been playing too much. If you want to catch me in action, then add the username "boogster" to your buddy list on UltimateBet. I've been playing at the $3/$6 limit tables.

boogster

Thursday, June 09, 2005

stocks?

So, we lowered the limits on our $1/$2 game to $.50/$1.00 last night. I ended up taking home $55. I should've won more, but I got scared to make a big call on one hand. You can read about it in the hand of the week. I have a big problem making big calls. I tend to be more on the conservative side when playing no limit. It's good, in one way, but in order to be great, I have to be able to make big calls. I think that's the biggest flaw in my game right now. The flaw needs to be fixed.

So, I'm going to switch directions here. Does anybody dabble in stocks? I've been playing the stock market for about 7 or 8 years now. I was in college when I first started "daytrading". It's basically another form of gambling. The thing is, if you know what you're doing, very much like in poker, you can win most of the time. It's definitely a "game" of skill. Anyways, I've been studying technical indicators for the longest time. Moving averages, MACD, bollinger bands, RSI...you name it and I've seen it. If you don't know anything about technical trading, then you probably have no idea what I'm talking about. Since trading stocks is also one of the many things that I enjoy doing, I'm going to post a little bit about my trading skills as well. I mean, I can only talk about so many damn poker hands before it starts to get boring. Here's my first stock pick:



The thing about stocks is that almost all of them go and up down following the exact same patterns. As long as you can recognize these patterns, then you can become a profitable trader. In the stock above, BGO has made a double bottom at around 1.7. Then, it went up and made a new weekly high on increased volume. Now, it's taking a breather and has retraced 50% from it's multi-week high. BUY the stock once it breaks above the previous day's high, which for today, was 2.11. So, tomorrow if it breaks above 2.11, then it's time to load up on this puppy. We can probably get a nice move from this stock up to the 2.6 to 2.7 level.

Let's see what happens over the next few days.

Boogster

Wednesday, June 08, 2005

yadda, yadda, yadda

I'm down to about $630 at UB. Mostly playing $3/$6 limit. Multiple tables of course.

Played in my $.25/$.50 game on Monday night. I was up about $100 or so, until a drunk guy came in and started hitting every hand possible. I ended up walking away with $35. That'll be lunch and dinner money for the next few days.

I'm playing in a $1/$2 no limit game tonight. I'll report on the results tomorrow.

That's it for now. I know, short blog.



Tyson's fighting at the MCI Center in Washington, DC on June 11th. It's going to be a madhouse and I live about two blocks away!

Sunday, June 05, 2005

Shady casinos ...and poker rooms??

I found this post on casinomeister.com:

http://www.casinomeister.com/rogue/start-your-casino.html

This website is like the online casino police. They go out and test all of these online casinos for "rogue" software and they report all of their finding on the website. Anyways, they have a link in this post to the "settings page" of one of these online casinos:

Shady casino's settings page

Whoever manages this settings page, can adjust the win percentage of each of the casino games based on the username of the player. Now, if you're a long time reader of my blog, you know that I think that online poker is fixed. I think they the win percentage of each player is automatically adjusted based on numerous factors (i.e. Sign-up Date, total winnings, total hands played, hours played, etc.) Looking at this online casino interface in the link above, it's very similar to what I think is happening within the software that runs the online poker sites. I can't prove it, but just give it some thought.

Now, I've also talked about how players always seem to win when they're low on chips. It might just be a coincidence, but check this:



Hand #6080318-3071 at Hamburg ($3/$6 Hold'em)
Powered by UltimateBet
Started at 05/Jun/05 19:54:55

dallasjoe is at seat 0 with $257.50.
zgrump is at seat 1 with $239.75.
craperius is at seat 2 with $218.
Cigar is at seat 3 with $305.50.
iusky89 is at seat 4 with $235.
boogster is at seat 5 with $7.50.
The button is at seat 3.

iusky89 posts the small blind of $1.
boogster posts the big blind of $3.

dallasjoe: -- --
zgrump: -- --
craperius: -- --
Cigar: -- --
iusky89: -- --
boogster: Js Ts

Pre-flop:

dallasjoe folds. zgrump raises to $6. craperius
folds. Cigar folds. iusky89 re-raises to $9.
boogster goes all-in for $7.50. zgrump re-raises to
$12. iusky89 calls.

Flop (board: 8h Qd 8c):

iusky89 checks. zgrump bets $3. iusky89 calls.

Turn (board: 8h Qd 8c 9d):

iusky89 checks. zgrump bets $6. iusky89 calls.

River (board: 8h Qd 8c 9d 5d):

iusky89 checks. zgrump checks.



Showdown:

iusky89 shows As Kc.
iusky89 has As Kc 8h Qd 8c: a pair of eights.
boogster shows Js Ts.
boogster has Js Ts 8h Qd 9d: straight, queen high.
zgrump shows Kh Kd.
zgrump has Kh Kd 8h Qd 8c: two pair, kings and eights.


Hand #6080318-3071 Summary:

$2 is raked from a total pot of $49.50.
$1 is raked from the main pot of $22.50.
$1 is raked from side pot #1 of $27.
boogster wins the main pot $21.50 with straight, queen high.
zgrump wins the side pot $26 with two pair, kings and eights.




Hand #6080318-3072 at Hamburg ($3/$6 Hold'em)
Powered by UltimateBet
Started at 05/Jun/05 19:55:39

dallasjoe is at seat 0 with $257.50.
zgrump is at seat 1 with $244.75.
craperius is at seat 2 with $218.
Cigar is at seat 3 with $305.50.
iusky89 is at seat 4 with $214.
boogster is at seat 5 with $21.50.
The button is at seat 4.

boogster posts the small blind of $1.
dallasjoe posts the big blind of $3.

dallasjoe: -- --
zgrump: -- --
craperius: -- --
Cigar: -- --
iusky89: -- --
boogster: Ah As

Pre-flop:

zgrump folds. craperius folds. Cigar folds.
iusky89 raises to $6. boogster re-raises to $9.
dallasjoe folds. iusky89 calls.

Flop (board: 7d 2d Tc):

boogster bets $3. iusky89 calls.

Turn (board: 7d 2d Tc 8s):

boogster bets $6. iusky89 calls.

River (board: 7d 2d Tc 8s Qs):

boogster goes all-in for $3.50. iusky89 calls.



Showdown:

boogster shows Ah As.
boogster has Ah As Tc 8s Qs: a pair of aces.
iusky89 mucks cards.
(iusky89 has 8c Kh.)


Hand #6080318-3072 Summary:

$2 is raked from a pot of $46.
boogster wins $44 with a pair of aces.



OK, that's about it for now. I've been playing a little at UltimateBet. I'm up to $750 from a deposit of $500. I played in a $10 no limit tourney, just because I'm trying to hone my tournament game for cheap. I never place in these damn tourneys anyways. I just don't have to patience to play tournaments online. When it's live, it's different. Okay, I'm out.

Boogster

Thursday, June 02, 2005

Haven't played too much...

I haven't been playing online too much lately. I don't know, I guess I just haven't had too much time. I really do need to shape up though. I'll be in Vegas in less than 5 weeks, so it's time to get the A Game going. In the meantime, I'll talk a little about the flaws in my game that I've recognized:

1) When someone gets the best of me in a hand, I feel the need to get even. I need to be able to let my emotions go. I need to think about the end result instead of one bad beat.

2) I have a huge problem calling big bluffs with mediocre hands even if I'm more than 70% sure the player is bluffing me. For instance, in a tournament, I had top two pair, then a three flush comes on the turn. The bluffer bets out big and puts me all in. Even though I'm almost certain he's bluffing, I fold. I need to rely on my instincts even if it means going bust.

3) I have a tough time laying down a monster even if I'm fairly certain that my opponent has a bigger monster. I need to be able to make big laydowns when I know I'm beat. It's easy to fold your bad hands and play your good hands, but what separates the pros from the amateurs is the ability to make big laydowns and put in big bluffs when you're fairly certain your opponent will fold.

Okay, that's it for now. Those are three biggest flaws in my game. Now, it's time to fix the leaks.

boogster