Sunday, April 20, 2014

Fish Feeding for Card Sharks

David Samuels goes to a Maryland poker room to see how serious poker players make a living on the amateurs:
Fish abound at Maryland Live, home to the hottest new poker room on the East Coast. Maryland Live is a casino-and-entertainment complex in Hanover, Maryland, adjacent to the Arundel Mills mall. Open 24 hours a day, seven days a week, it offers thousands of slot machines and 177 table games, including blackjack, roulette, craps, and mini baccarat. The poker room, which opened on August 28, 2013, has 52 tables, making it one of the biggest rooms outside of Las Vegas. According to Bravo Poker—an app that tells you how many tables are open for business at any time of day or night in nearly every room in every casino in every state in America—there are usually more high-stakes games running at Maryland Live than at the world-famous Borgata, in Atlantic City. Even pros from Florida, who like to boast of their state’s sunny weather, low taxes, partying tourists, and self-renewing population of old white guys, now come to Maryland Live in the dead of winter. The fishing is that good there.
Like any complex ecosystem, a poker room offers much more than a binary relationship between predators and prey. John Calvin (not his real name) swims somewhere in the middle. He is a grinder, a cautious type who doesn’t bluff that often or do anything hair-raisingly spectacular in tight situations, and who makes his living by doggedly adhering to the odds against lesser players. He got his start making a few dollars a hand on the Web site PartyPoker, then graduated to long weekends of live play at the Borgata before taking up residence at a casino poker room in Charles Town, West Virginia. These days, he commutes from his home, in Washington, D.C., to Maryland Live, where he feeds on fish who are happy to lose a few hundred dollars an hour playing No Limit Texas Hold ’Em—the poker player’s game of choice since 2003, when the great American online-poker boom of the aughts took off.
In January, just after the start of the new year, I visited Maryland Live with Calvin. In a gray sweatshirt and jeans, bald and wearing thin-rimmed black glasses, he looked like a leisure-time version of the corporate strategist he had been in a former life, before he ditched the full-time number-crunching gig and took up poker. As we entered, he rubbed his head, as if for luck, and peered through his glasses at the biggest kettle of fish in North America—which on any given day might include local small-business owners, bored retirees, college kids, and the occasional big-name donator, or “whale.” Among the whales we spotted that afternoon were a red-faced, choleric guy who runs a local charter-boat business, and a shaky-looking Asian guy in an Orioles cap who I was told had donated well over $100,000 during the past few months. Explaining the presence of the Asian guy, Calvin gestured over to a sweet-looking kid in a gray hoodie at the next table and said, “Merson must have got him here.”
Gregory Merson, 26, the winner of the 2012 World Series of Poker, was the biggest shark in the room. He fiddled with an uneven stack of chips and unzipped his hoodie to reveal a black T‑shirt with a hand grenade emblazoned across the front. Every kid in every poker room across America who dreams of playing live on ESPN at the World Series of Poker instead of working some soul-crushing cubicle job would love to have even one day of Greg Merson’s life—playing $10/$25 or $25/$50 No Limit for $300 or $400 an hour, and jetting off to big-money tournaments in the Bahamas and other foreign but civilized places where you can plunk down your credit card and play online poker.
I'm blessed to be both really, really risk-averse when it comes to casino gambling, and clearly aware that I am a terrible card player.  Offer me a wager on just about anything (total winter snowfall, how many Sundays of rain we'll get if it rains on Easter Sunday, etc.), and I may just bet on it, but hand after hand of cards just doesn't interest me.  This prevents me from being anything but the smallest minnow.

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