Ask Me Anything (Dusty Schmidt aka Leatherass in the well)

[Leatherass]

Hey Dusty! Glad that you're over here at cardschat and sparing some time to answer questions...I've bought your book, I'm halfway through it, it's the third poker book I bought, and I can honestly say it was the most helpful and very different from the rest since my main objective is making money online!

These last 2 months I've only been reading books, watching videos, posting on cardschat, and playing freerolls on pokerstars and full tilt(won then lost etc...).But I really want to start seriously now, I'm going to deposit 50$ in 2 days on full tilt and so I need some advice:

1-I'm not used to multi-tabling more than 2 tables at once.Should i learn this right away?If I should, how should I go about it?
2-I don't have rakeback on any of the 2 sites...Is this a lost cause?
3-I can spare 4 hours for poker per day(Yes!real 4 hours like you said in your book ).I need to set an objective. How much should my 50$BR be in a month if I play my A-game?(I'm quite good and been playin since 4 years...)
4-Since the other books I read were Doyle's super system and slansky's theory and practice, I think I play mostly by the book and I apply all position strategies and pot odds etc...to my play. After the many freerolls I played I'm not sure if that's the best play. Do you think I should change my play style for the micro tables I'm gonna start at?
5-How much bb should I enter with when I first start at the cash games?and at how much should I stop playing at the table?
6-Should I go all in pre-flop or should I always wait for the flop?It's hard not to shove with AA and it sucks to see them cracked when playing with real money!
7-When should I stop?How much should I win before I stop or how much do I have to lose (if on losing streak) before I stop?
8-Finally! How do you deal with the enormous amount of bad beats you encounter minute after minute on the internet?What do you do when you lose your quads over a suck-out quad on the river?Can I still play that day?If so what should I do before I continue playing?

Thanks in advance for taking the time to read and answer my questions Dusty. I'll keep you posted on my advance after my deposit through PMs if you would allow it. You're great man! Thanks for making online profit possible and keep up the good work !

#386

1. Just take it slow. Add one more and when you are comfortable, add another. Most importantly is to take it slow. I talk quite a bit about this in my book, Treat Your Poker Like A Business http://www.dustyschmidt.net for anyone interested in learning more about it in depth.

2. I would recommend playing on poker stars where they have a built in rewards system that just like rakeback, but doesn't discriminate against those who signed up for an account before they found out about rakeback. It is a much fairer system in my opinion.

3. If poker were that predictable that would be sweet! Seriously though, I have no idea what to expect for you. It is often up to the poker Gods haha. What I do know is that hard work pays off in the end.

4. Good fundamentals will serve you well in any game. I recommend working on a solid foundation.

5. I would play with at least 100BB to develop proper strategy. Anything less than 100BB will require some adjustments to your game. Stop when you have an amount at the table that is uncomfortable to you. There is no need to stop unless you are uncomfortable, however.

6. You should absolutely try and get all of the money in pre flop with AA. That is never a bad idea.

7. That's totally up to you. There is no reason to really stop unless you are uncomfortable one way or another.

8. It ain't easy, that is why I hired a mental game coach names Jared Tendler. He helps me think the way I am supposed to and has been one of the biggest reasons I have had some of the successes I have had. He's at http://www.jaredtendlerpoker.com for anyone interested in checking him out.

Thanks for everything and feel free to PM me if you want.

 

[Leatherass]

That quote really was well put. AEJones is just ticked because you've re-raised his hand in life and all he's holding is 93s. I've read you're blog about what he had been saying and then went and searched out some stuff on my own and that guy is just over the top. But hey, you can't have fame and fortune without having a few haters. And I'd rather be on your end of that stick any time.

#389

Thanks. Yeah, AE has a ways to go maturity wise. On

I really wish I didn't have to write statements about him, but the slanderous comments got so bad and so many people were actually believing him that it got out of control. I don't expect everyone to like me, but at least if someone isn't going to like me I want it to be for a valid reason. AE was just making shit up and convincing people to hate on me which is pretty messed up.

 

[PattyR]

Sup Dusty,

Back in January i was steady Grindin 2NL..couple sick heaters and ive got 40 BI for 10NL and got some new questions.

1.) Your thoughts on 22-66 from EP ( fold, limp, min raise,raise)
2.) What limits do you recommend i start looking into a site such as dragthebar to help with my game
3.) What limits do you suggest i look into getting a coach
4.) How many BI do you recommend for 25NL..i was rolled for it a week ago and gave it a shot but losing a couple BI in 5 min kills the bankroll and forced me to move down. do you think 20 BI is enough for 25NL or is it personal preference.

Thanks in advance bud

 

[Leatherass]

I know it has been said many times, but here is to one more..... Your book is absolutely amazing! I am only to the strategy section, however the first part of the book was so informative. It put my in an "outside of the box" prespective and was the most enjoyable reading material that I have ever read! I can't wait to finish and start over again!
I am also very excited to read Raise when it is released!

#393

Thanks so much! I really appreciate it.

I am glad you are interested in Raise. While I know it may sound rediculous to some to write about your life experiences at 19 years old, I have had a ton of writers tell me that I should write a book on my life as well as a producer that I have been talking to who is interested in making an independent film based on my life.

One thing that Raise will not be short on is some good stories. I will have to admit, I have been through some stuff in my young life and I think some of the stories may be pretty entertaining for some people. I definitely have had some pretty interesting experiences.

Thanks for everything as well as to everyone who welcomed me to the forum. I really like this place a lot and am looking forward to posting here for a long time.

 

[Stu_Ungar]

I wonder if you could give a bit of an insite to this, but what is it that players like Phil Ivey do OOP that most other players do not? They seem to play more hands than most players OOP and show fantastic winrates and are getting over the informational disadvantage. What are your views on this?

 

[Marginal]

Care to comment on the stoxtrader ordeal?

 

[kidkvno1]

Would you be willing to play in some of CC games???

 

[Mortis]

Will you be playing in the wsop Main Event this year?

 

[dmorris68]

Care to comment on the stoxtrader ordeal?

Was just coming by here to ask the same. There's rampant speculation on 2p2 (fwiw, which is close to zilch) that this may have been part of your reasons for leaving Stox. In light of the recent Jason Ho scandal, this is some bad timing, PR-wise, for Stox. I'm still not sure that Nick was up to any shenanigans, but the way he responded initially was a bit, well, ill-advised I'd say. It just stirred things up even more.

Will you be playing in the WSOP Main Event this year?

Not to speak for him, but I believe he did say on his blog recently that he was planning on it. He was playing a few online MTTs to prep, and won a big one for like $9K.

 

[Leatherass]

Sup Dusty,

Back in January i was steady Grindin 2NL..couple sick heaters and ive got 40 BI for 10NL and got some new questions.

1.) Your thoughts on 22-66 from EP ( fold, limp, min raise,raise)
2.) What limits do you recommend i start looking into a site such as dragthebar to help with my game
3.) What limits do you suggest i look into getting a coach
4.) How many BI do you recommend for 25NL..i was rolled for it a week ago and gave it a shot but losing a couple BI in 5 min kills the bankroll and forced me to move down. do you think 20 BI is enough for 25NL or is it personal preference.

Thanks in advance bud

#404

1. Any are fine actually.

2. I think you should start at a game that you can comfortably beat. So if that is only 1 cent 2 cent, then that's where you shoud start I believe. Definitely check out http://www.dragthebar.com and if you want to read more on this subject as it is addressed in my book, you can pick it up at http://www.dustyschmidt.net

3. Totally up to you. No hard and fast rule here. In a perfect world you would start your career with a coach, but most people wait until they build a bankroll.

4. In my book I wrote about some of the most conservative bankroll advice in print and some people say it is way to conservative. But I recommend 100 buy ins for the game you are playing.

Hope this helps!

 

[Leatherass]

I wonder if you could give a bit of an insite to this, but what is it that players like Phil Ivey do OOP that most other players do not? They seem to play more hands than most players OOP and show fantastic winrates and are getting over the informational disadvantage. What are your views on this?

He's basically just that good that he can do it. It is not recommended for hardly anyone else.

 

[Leatherass]

Care to comment on the stoxtrader ordeal?

No

 

[Leatherass]

Would you be willing to play in some of CC games???

Where?

 

[Leatherass]

Will you be playing in the WSOP Main Event this year?

#409

I am going to play the entire WSOP Nl schedule. Can't wait.

 

[bazerk]

#409

I am going to play the entire WSOP Nl schedule. Can't wait.

Wow, that's a very busy schedule (~25 events?)...as always, I wish you well; if you go deep in an event that overlaps with another do you have a plan to optimize 'running back & forth' between the potentially 2-3-4 games (or will it be mad dashes as Chris Ferguson did a few yrs back)? I'm visualizing a scooter would be more effective than the mad dashing though...

 

[dg1267]

Where? (pertaining to the CC freerolls)

We have them at Full Tilt, Carbon, Ultimate Bet, and a few others. But I read somewhere that you only play PS and FT and didn't want to download other clients, so FT would be fine with me.

 

[S93]

First off congrats on becoming a PS pro.
Does that mean you will be forced to play only on PS?

 

[Sean Pilgrim]

Mmm Pro Status, you were already a pro, but now it's official.

 

[F Paulsson]

Time for some strategy!

Villain is new to me, but seems like the aggressive sort of reg, possibly on the loose side. The flop peel depends on my backdoor draws, my overcard and the fact that on such a dry board I'll often be able to just bet the turn when checked to and win uncontested.

Once he bets the turn, I read his range to be polarized between KQ and better, and stuff trying to bluff a scare card. I find it rare for people to bet with AJ in a spot like this, so raising seems to accomplish little that I can't accomplish by just bluffing the river when checked to (because I think 3-barrel bluffs with air on dry boards are rare). Still, I'm interested in thoughts on the hand.

IPoker Network $200.00 No Limit Hold'em - 6 players - View hand 595917
The Official DeucesCracked.com Hand History Converter

CO: $198.00
Hero (BTN): $200.00
SB: $264.00
BB: $295.50
UTG: $209.00
MP: $200.00

Pre Flop: ($3.00) Hero is BTN with Q

T

2 folds, CO raises to $6, Hero calls $6, 2 folds

Flop: ($15.00) 5

J

2

(2 players)
CO bets $10.00, Hero calls $10

Turn: ($35.00) K

(2 players)
CO bets $24.00, Hero calls $24

 

[WVHillbilly]

What are your thoughts on HS players who migrate from account to account to gain an advantage by looking like unknowns to their opponents?

Do you think all poker sites should allow players to change their screen name?

 

[TPC]

What are your thoughts on HS players who migrate from account to account to gain an advantage by looking like unknowns to their opponents?

Do you think all poker sites should allow players to change their screen name?

LOL, I read HS as High School and was really confused for a second

 

[JoeShowdown]

Where?

Cardschat has buyins on Fulltilt Fridays and Sundays. The Friday game is a variety of different types - nlh 6max, plo, razz, stud, horse, 7game, etc - and the time rotates between noon and 5pm pacific. The sunday game is at 2pm pacific and is always $5.50 nlh.

The pokerstars cardschat game is Sundays at 1030am and is a variety of games and buyins. The one you might enjoy is the $11 with deep stacks and long levels.

Check out the calendar:
https://www.cardschat.com/calendar.php

 

[dg1267]

LOL, I read HS as High School and was really confused for a second

Knew it wasn't High School, but I'm still confused? Care to elaborate WVH?

Edit: NVM, as soon as I posted I realized "High Stakes". ldo

 

[dmorris68]

I'm sure WVH's question is influenced by the current Stox scandal. Dusty's name is being brought up in the middle of the trainwreck discussion at 2p2 and Stox forums, not surprising given the prevailing attitude towards him over there. It's funny because he's been named as everything from a co-conspirator, to victim of collusion, to the whistleblower himself. God, those forums, especially 2p2, are one drama explosion after another -- I can understand what Dusty would want to settle at CC.

 

[WVHillbilly]

I'm sure WVH's question is influenced by the current Stox scandal. Dusty's name is being brought up in the middle of the trainwreck discussion at 2p2 and Stox forums, not surprising given the prevailing attitude towards him over there. It's funny because he's been named as everything from a co-conspirator, to victim of collusion, to the whistleblower himself. God, those forums, especially 2p2, are one drama explosion after another -- I can understand what Dusty would want to settle at CC.

I mentioned no scandal. He's already said he didn't want to comment on the Stoxtrader stuff.

I merely asked Dusty's opinion on the practice of some High Stakes players and if he thought all players should be allowed to change their screen names.