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Olivier Busquet is back for more (actually he never left, we just chopped up our interview with him). This time around, we talk about televised poker commentary, the quality of political discourse in America, Olivier’s Toronto poker pad, and the possibility of moving on from poker. Just as you could last week, you can follow @OlivierBusquet on Twitter and read his website for insightful, if infrequent, blog posts.
Also don’t forget to check out the latest missive from Gareth Chantler, Borderline Gambling: Buenos Aires, on the PokerStars blog.
Edit: Fixed timestamps.
Strategy
Blinds 150/300/50. Andrew has about 36K, and both Villains cover. Hero has a tough/aggro postflop image but hasn’t really been that active preflop, especially from early position. He opens to 750 with QQ, and the next player to act, who plays well but doesn’t really get much into the whole 3-betting game, mostly takes a lot of flops and plays well postflop, 3bets to 2025.
Another guy, older and on the loose passive side preflop but not a huge fish or anything, cold calls the 3-bet from the CO. Folds back to Hero, who calls.
Flop T93r. 6975 in pot. Hero checks, 3better bets 2500, cold caller raises to 7500, Hero?
#179 of the criminal code called “Vagrancy” and it reads that everyone commits vagrancy who supports himself solely or in part by gaming or crime and has no lawful profession or calling by which to maintain himself.
http://forumserver.twoplustwo.com/61/mtt-community/major-border-issue-us-grinders-who-travel-canada-1322103/
The thread says they have been stopping some people at the border…
Economics is not poker. Poker, while complex and unsolved, involves a finite number of cards.
Economics involves the decisions of every participant in the global economy.
So Olivier should not beat himself up for being so good at poker yet incompetent at economics. The Nobel committee has awarded prizes to economists of diametrically opposed worldviews.
Even they are confused.
Amazing guest. Two thoughts.
1. “Any given decision is meaningless in a vacuum. It just is (paraphrasing).” Great reminder of how important a balanced range is. Incidentally, I have found thinking this way (also along Angelo’s reciprocity lines) makes it easier to be unreadable at the poker table. I’m not that excited when value betting a monster and I’m not that nervous bluffing, because the really important decision is how well-constructed my whole range is. Hopefully this can help take you out of the heat of the battle and emotionally detach you from whatever your hand is at that moment.
2. Economics. Olivier, if most econ PhDs knew what they claim to know, they would be billionaires. Economics as a discipline is being eaten alive both from the inside (more and more “exceptions” to the rational actor model) and the outside (more and more empirical reality going against prior expectations). If you are confused and find economic predictions hard to make sense of, you understand the confusion. This is different than being confused.