Hold’em with Holloway, Vol. 24: Accepting Bad Beats & Lessons in Selling Action

Chad Holloway
PR & Media Manager
6 min read
Hold'em with Holloway

Poker in Wisconsin is going strong, which was evidenced by last weekend’s Mid-States Poker Tour Potawatomi in Milwaukee. The tour, which was visiting the property for a second time, set a state record for largest turnout as 635 entrants created a prize pool more than triple the $200,000 guarantee. As a Badger, I was excited to take a shot in the state’s premiere event.

In preparation for the tournament, I opted to sell some action. The MSPT allows players to enter a maximum of four times (only one reentry is allowed per starting flight up through Level 9), but I don’t like to get in for more than two (one for each day). As such, I budgeted for two $1,100 bullets and ended up selling half my action to seven different investors — some bought 5% for $110, while one did 25% for $550. For what it’s worth, I don’t charge markup (I have a hard time charging people for doing me a favor).

I was ready and raring to go on Day 1a, but my enthusiasm quickly dwindled during the long grind, which saw me repeatedly look down at lackluster cards. I never got anything going in the first starting flight, eventually shoving my last 12 big blinds holding A7 only to run into an opponent’s pocket tens. A 10x on the flop was all she wrote for my first bullet, but there was still Saturday’s Day 1b.

I got a good night’s sleep and returned to the casino to discover I’d drawn a fairly tough table that included Nick Revello, World Series of Poker Circuit and Heartland Poker Tour champ Bob Chow, and Daniel Goepel who went on to finish seventh in the tournament for $22,427. It was tough going, but I held my own until a big hand derailed me.

It happened with the blinds at 100/200/25 when Chow opened for 550 from early position and another player called. Action folded to me in the big blind and I opted to flat with 9x9x. I could have raised, but I decided to disguise the strength of my hand while out of position. It looked like it was going to pay off, too, when the flop came down 45x9x to give me top set.

I checked, Chow continued for 1,025, and the third player folded. At this point I had two choices — either to call or to check-raise. Again, I wanted to disguise the strength of my hand, and the best way to do that was just to call. I was hoping Chow held a big pocket pair and felt I’d only hit a small part of the flop.

After the dealer burned and turned the 7, I checked for a second time and Chow bet roughly 1,600. With two hearts and some straight cards on the board, I knew it was time for a check-raise, which I did to the tune of 4,000. Chow thought for a few moments and did exactly what I wanted, moving all in for 13,450. I figured him for either a big pocket pair or a small set, and I snap-called to discover the bad news — Chow had raised preflop with 86 and turned a straight.

I still had a chance to win the large pot and knock out a tough opponent, but the board failed to pair as the 3 blanked on the river. It sucked, but to be honest I wasn’t that upset. The hand played out exactly as I’d hoped, and really, how could I have expected Chow to roll over that hand? Kudos to him for playing it the way he did, which evidenced the power of suited connectors early in a tournament.

I think a lot of players get upset when they don’t get their desired result, but in hands like the one above, there’s no need to let it tilt you. It’s like getting it in preflop holding pocket aces against a single opponent. Sure, it hurts when you lose, but what else were you going to do? Of course you’re going to play it the same way each and every time. More times than not you’re going to win, but occasionally you will lose. Call it karma, destiny, or math; it’s bound to happen. Know that, accept that, and try your best not to let it affect you.

I was left with 9,000 after the hand, but that dwindled until I shoved my last 12 big blinds holding 8x8x only to run into 10x10x (sound familiar?). I was extremely disappointed to be out of such a massive field, one that would award the eventual winner nearly $150K. I’d had a profitable cash session earlier in the day, and I thought about firing a third bullet. The only thing holding me back was that I had sold action.

How would it look if I fired a third bullet on my own dime and shipped it?

“Hey, investors. Thanks for believing and investing in the first two bullets, but I didn’t do it. However, I did win it in the third, but you don’t get any of the money. Hope you’re happy for me.”

Hold’em with Holloway, Vol. 24: Accepting Bad Beats & Lessons in Selling Action 101
Playing Day 1b of MSPT Potawatomi

That was not a conversation I wanted to have, but the urge to fire again was strong. The only way I could justify reentering was to reach out to my investors, inform them of the situation, and get their blessing. That’s just what I did, too. I reached out to each of them and told them of my plan to fire a third bullet. I welcomed them to buy another piece if they saw fit (a few did and for that I’m grateful), but in no way was it expected.

Fortunately my investors understood and gave me their blessing to fire again. The third bullet turned out to be my best (I worked my stack all the way up to 90,000), but ultimately it didn’t make a difference as a horrible level saw me fall with about an hour left in Day 1b. With that, my MSPT Potawatomi Main Event officially came to an end.

The point of my “third-bullet story” is not to demonstrate how much of a degenerate I can be (though I know it did), but to show that when you sell action you have a responsibility to your investors. It’s imperative that you take that into consideration. Reputation is everything in the poker world, so do right by the people who do right by you.

In the end, Fitchburg’s Jason Mirza emerged victorious to capture the $147,529 first-place prize.

“I have busted my ass in this game for years and last year was the most difficult,” Mirza said after the win. “I couldn’t have done it without support of my mom, my girlfriend and fellow players. If you really want something then get after it and work for it, nobody is going to hand you shit especially in poker. Thank you all so much for the love, let’s hope this is just the start of something very special.”

Mirza and I actually run in the same poker circles, and I was ecstatic to see him finally break through. It was a job well done and very much deserved.

As for me, I will once again be selling action for an event at the end of the month — the Poker Night in America $25/$50 cash game at SugarHouse Casino in Philadelphia. It’s the biggest shot I’ve ever taken, and I look forward to writing extensively about it in upcoming “Hold’em with Holloway” installments.

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Chad Holloway
PR & Media Manager

PR & Media Manager for PokerNews, host of both the PokerNews Podcast & MPST Podcast Presented By PokerNews, and 2013 WSOP Bracelet Winner.

In this Series

1 Hold’em with Holloway, Vol. 1: Making Reads and Trusting Them2 Hold’em with Holloway, Vol. 2: Playing in Poker Charity Events3 Hold’em with Holloway, Vol. 3: Throttle Back Before You End Up Punting4 Hold’em with Holloway, Vol. 4: Punish the Satellite Bubble5 Hold’em with Holloway, Vol. 5: What is Proper Accumulator Strategy?6 Hold’em with Holloway, Vol. 6: A Chip and a Chair Story with “SirWatts”7 Hold’em with Holloway, Vol. 7: 15 Things About Poker I Wish I’d Known Sooner8 Hold’em with Holloway, Vol. 8: Examining the Largest Overlay in Poker History9 Hold’em with Holloway, Vol. 9: Differences Between Rebuys and Reentries10 Hold’em with Holloway, Vol. 10: Five Must-Read Poker Books of 201411 Hold’em with Holloway, Vol. 11: When Will You Finally Break Through?12 Hold’em with Holloway, Vol. 12: Dealing with a Target on Your Back13 Hold’em with Holloway, Vol. 13: Knowing When to Call It Quits14 Hold’em with Holloway, Vol. 14: Embarking on a Year-Long Weight Loss Journey15 Hold’em with Holloway, Vol. 15: Navigating Multiple Decision Points in a Poker Hand16 Hold’em with Holloway, Vol. 16: Chris Moorman Tells Me How Badly I Play Poker17 Hold’em with Holloway, Vol. 17: Richard “nutsinho” Lyndaker on Getting It in Marginal18 Hold’em with Holloway, Vol. 18: Getting Inside the Head of Poker Pro Brian Rast19 Hold’em with Holloway, Vol. 19: Stupid Calls & Lucky Draws in MSPT WI Championship20 Hold’em with Holloway, Vol. 20: Talking Ante-Only Strategy with Greg “FossilMan” Raymer21 Hold’em with Holloway, Vol. 21: Contributing to Jonathan Little’s New Book22 Hold’em with Holloway, Vol. 22: Consequences of Acting Out of Turn & Tossing in Chips23 Hold’em with Holloway, Vol. 23: When It Comes to Chops, Do What’s In Your Best Interest24 Hold’em with Holloway, Vol. 24: Accepting Bad Beats & Lessons in Selling Action25 Hold’em with Holloway, Vol. 25: Heinz’ Ace-High Call Shows Why He's a World Champ26 Hold’em with Holloway, Vol. 26: Is Keeping the Short Stack Alive Collusion?27 Hold’em with Holloway, Vol. 27: Great Laydown or Bad Fold on Poker Night in America?28 Hold’em with Holloway, Vol. 28: Calling Hellmuth with Jack-Deuce Offsuit29 Hold’em with Holloway, Vol. 29: The Philosophy of "No-Chop" Chad30 Hold’em with Holloway, Vol. 30: Preparing to Play the World Series of Poker31 Hold’em with Holloway, Vol. 31: Staying on Your Grind at the World Series of Poker32 Hold’em with Holloway, Vol. 32: The Perilous Decision to Call Off with Ace-Queen33 Hold’em with Holloway, Vol. 33: Using Poker Skills in Reality TV Competitions34 Hold’em with Holloway, Vol. 34: Esfandiari Explains How to Recover from Bad Beats35 Hold’em with Holloway, Vol. 35: Tilly vs. Brunson in Super High Roller Cash Game Hand36 Hold’em with Holloway, Vol 36: Unconventional Play Leads to Good WSOP Main Event Start37 Hold’em with Holloway, Vol. 37: Lessons in Pot-Limit Omaha Hi-Low w/ Evan Jarvis38 Hold’em with Holloway, Vol. 38: Things to Say and Do When You Bust a Poker Tournament39 Hold’em with Holloway, Vol. 39: How Much Did I Have to Raise to Get You to Fold?40 Hold’em with Holloway, Vol. 40: Practicing Patience in My Deep PPC Poker Tour Run41 Hold’em with Holloway, Vol. 41: Analyzing a Questionable SHRPO Main Event Hand42 Hold’em with Holloway, Vol. 42: Analyzing the Play of Neymar Jr. at EPT Barcelona43 Hold’em with Holloway, Vol. 43: The Value of a Reliable Poker Reputation44 Hold’em with Holloway, Vol. 44: John “KasinoKrime” Beauprez Rips My PLO Game Apart45 Hold’em with Holloway, Vol. 45: Satellite Dilemmas -- To Call or Not to Call46 Hold’em with Holloway, Vol. 46: Seiver Leverages the River in Super High Roller Bowl47 Hold’em with Holloway, Vol. 47: What Untraditional Moves in Poker Might Mean48 Hold’em with Holloway, Vol. 48: Thinking About the Future with Sam Grizzle49 Hold’em with Holloway, Vol. 49: WCOOP Champ “Coenaldinho7” Offers Up His Biggest Hands50 Hold’em with Holloway, Vol. 50: The Peril of Shoving Weak Aces51 Hold’em with Holloway, Vol. 51: The Importance of Not Giving Up in Poker Tournaments52 Hold’em with Holloway, Vol. 52: Does Asking “Check” Actually Constitute a Check?53 Hold’em with Holloway, Vol. 53: Thomas Cannuli Impresses Even After Main Event Bustout54 Hold’em with Holloway, Vol. 54: Dealers Aren’t Always Right55 Hold’em with Holloway, Vol. 55: Don’t Get Married to Pocket Aces56 Hold’em with Holloway, Vol. 56: Bazeley’s Survival Instinct Leads to Continued Success57 Hold’em with Holloway, Vol. 57: Playing “Deuces Wild” on the European Poker Tour58 Hold’em with Holloway, Vol. 58: The Wildest Hand in European Poker Tour History59 Hold’em with Holloway, Vol. 59: Death, Zombies & Spending Time w/Phil Hellmuth60 Hold’em with Holloway, Vol. 60: How the Unstoppable Fedor Holz Managed to Win Again61 Hold’em with Holloway, Vol. 61: Lessons To Be Learned When You Hit the Big Stage62 Hold’em with Holloway, Vol. 62: Steve O’Dwyer Explains the “Oreo Cookie Tell”63 Hold’em with Holloway, Vol. 63: What Would Happen to a Chip Stack If a November Niner Died?64 Hold’em with Holloway, Vol. 64: Forgetting One Chip -- Should It Still Be an All-In Bet?65 Hold’em with Holloway, Vol. 65: Todd “sharkslayerrr” Breyfogle on Bankroll Management66 Hold’em with Holloway, Vol. 66: Cash Game Pro Daniel Arfin Offers Sound Bankroll Advice67 Hold’em with Holloway, Vol. 67: Honeyman Plays Kings to Keep in Opponent’s Bluff Range68 Hold’em with Holloway, Vol. 68: Why Do I Even Bother Drinking at the Poker Table?69 Hold’em with Holloway, Vol. 69: Is Your Favorite Poker Pro Left- or Right-Handed?70 Hold’em with Holloway, Vol. 70: In Order to Live You Have to Be Willing to Die71 Hold’em with Holloway, Vol. 71: How to Amass a Big Stack Early in a Poker Tournament72 Hold’em with Holloway, Vol. 72: Answering User-Submitted Poker Scenarios73 Hold’em with Holloway, Vol. 73: Saying Goodbye with a Top Five List74 Hold'em with Holloway, Vol. 74: We're Back, Baby!75 Hold'em with Holloway, Vol. 75: Jivkov on Exploiting Capped Ranges76 Hold’em with Holloway, Vol. 76: Matt Bretzfield Gets Tricky With Aces77 Hold'em with Holloway, Vol. 77: Joseph Cheong Gets Crazy with a Pair of Ladies78 Hold'em with Holloway, Vol. 78: Wyoming Poker Action & Wild South Dakota Hand79 Hold'em with Holloway, Vol. 79: Calling Controversy at WinStar80 Hold'em with Holloway, Vol. 80: Going for Value with Matt Hunt81 Hold'em with Holloway, Vol. 81: Bracelet Winner Ryan Leng on Bad Call82 Hold'em with Holloway, Vol. 82: Romeopro33 Recounts XL Eclipse Victory83 Hold'em with Holloway, Vol. 83: Men The Master Doesn't Get Paid84 Hold'em with Holloway, Vol. 84: Harman Hits Back-to-Back Miracle Turns85 Hold'em with Holloway, Vol. 85: Jamie Kerstetter on Dealing with Bounties86 Hold'em with Holloway, Vol. 86: Matt Stout Develops a Limp Dynamic87 Hold'em with Holloway, Vol. 87: Matt Alexander Caught in Between w/ Two Red Aces88 Hold'em with Holloway, Vol. 88: John Beauprez on Why He Folded a Set of Jacks89 Hold'em with Holloway, Vol. 89: Alex Aqel Lets Opponent Hang Himself with Aces90 Hold'em with Holloway, Vol. 90: David Peters Makes Beastly Call Against Will Givens91 Hold'em with Holloway, Vol. 91: Poker Lessons from a Game of Risk92 Hold'em with Holloway, Vol. 92: My Upstuck Diagnosis by the CLC Squad93 Hold'em with Holloway, Vol. 93: Alex Foxen Coolers Nick Petrangelo in SHRB94 Hold'em with Holloway, Vol. 94: My $25,000 PSPC Experience at 2019 PCA95 Hold'em with Holloway, Vol. 95: The Equity of Leveraging Time Extensions96 Hold'em with Holloway, Vol. 96: Dan O'Brien on Developing Healthy Routines97 Hold'em with Holloway, Vol. 97: Big Hands From the WSOP-C Potawatomi98 Hold'em with Holloway, Vol. 98: Simon Deadman Rips Apart My NLH Tourney Play99 Hold'em with Holloway, Vol. 99: Shoving 10-6 Smack Dab Into Pocket Aces100 Hold'em with Holloway, Vol. 100: The Revived Re-Entries Debate

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