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

L

Leatherass

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Welcome to CC Sir..
Why does the play at higher limits, look like donkey's playing???
^^^ I hope did not get on anyone with that, you know what i mean...

Sweet Debi.


That is EXACTLY what I thought when I used to observe them a few years back when I was playing $5 sit and gos.

There is just so much mental warfare going on. It is really hard to explain, but believe it or not the plays you see all have incredible merit to them. I wish I could explain it better.
 
L

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What are your thoughts on data mining in general (beyond just being against the ToS of most sites) and pokertableratings specifically?


I think all of that stuff is terrible for the game of poker and I wish there was more the poker rooms could do to put an end to that stuff. I have a particular beef with tableratings.com Publisizing the losers like they do is pretty pathetic. It is best for poker if those sites aren't known to the public in general.
 
slycbnew

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Thanks so much for spending time with us!!! Really enjoying reading through this well, looking forward to reading your book.

For someone who spends so much time in front of a computer grinding, and who's into the work hard/play hard lifestyle, any advice for how to handle tilt for those of us in the work hard/collapse lifestyle? :p

I read an article maybe a year ago suggesting you were on a sustained downswing or b/e stretch, forget which. Am I remembering correctly, and if so has it turned around?
 
KerouacsDog

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welcome to the site, LA.
Thanks for taking the time to do this 'well', and for answering honestly and entertainingly!

Some questions:
1. What one tip would you say is the most important to someone new to full ring(micro-stakes) cash tables after playing exclusively mtts/sngs?
2. What stakes did you start your poker career at?
3. At what point did you realise you could make a living from poker?
4. Does your wife play poker? If so, is she good?
5. How the Hell do you play jacks?:)
6. If you had to choose between living in the USA for the rest of your life, or leaving the USA and never going back again, what would you choose(and you can't leave for holidays/vacations etc)?
7. If you had a choice of being the best in the world at poker or golf, which would you choose?


book question, any idea how long it will take to get to the uk? and will it be of benefit for micro-micro stake players, ie me!?
 
BelgoSuisse

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Are you surprised nobody has mentioned peeing in a bottle yet? Are you sometimes worried that no matter what you achieve at and out of the tables, this might be your legacy?
 
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Hi LA,

You seem really passionate about this book, and I understand the theme, but could you give us some more specifics on subject matter? Maybe some chapter titles?

Really, I'm just a 25nl grinder so I am not sure this is the book for me anyway right now. Unless you can give me a good pitch :)
 
Mortis

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Welcome to CardsChat!

What made you decide to sign up at CardsChat?
 
L

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Are you surprised nobody has mentioned peeing in a bottle yet? Are you sometimes worried that no matter what you achieve at and out of the tables, this might be your legacy?


It would be virtually every poker pro's legacy if they simply admitted it. Most poker pros I know pee in a cup when they play. True stuff.
 
Jagsti

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Hey Dusty thanks for joining CC and sharing with us.

I'm thinking of going for Supernova Elite in 2010, playing a mix of 100 and 200nl. Can you give me some tips (and please don't say, 'don't do it'.... well you can if you like, but I'd be really grateful for some advice :) ).
 
F Paulsson

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As someone who has an infant in the house, how - if at all - have you adjusted your multitabling? If your wife needs help right this minute, you will still need a little while to sit out (if you're waiting for the big blind) or you have to lose a little bit of EV by sitting out right away. The more tables you play, the more significant the loss of immediate sit-out is how I'm thinking. (I'm obviously not talking about emergencies - I have no problem just getting up and timing out if something serious just happened - more of the "I forgot the diapers downstairs and I can't leave him here, help!" variety.)

The chapters on multitabling (I hadn't actually gotten to them before wanting to ask this question, but I skimmed them to make sure I'm not asking something answered in the book - apologies if it's mentioned elsewhere but chapters 15-20) stress something important: Only add more tables if your $/hour goes up, which I obviously agree with. My view, though, is that it doesn't take much of a loss in edge to wipe out any profit added by a new table, and since most poker is played at tables where our edge is very small to begin with, adding another table can quickly become a losing proposition. My question, basically comes down to this: Do you think you have skillsets and natural talents (whatever that is) that enable you to play as many tables as you do, and that people should be very careful in emulating this aspect in your poker playing, or is maximized profit playing 15 tables something anyone can do with (a reasonable amount of) practise?
 
Stu_Ungar

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You obviously have a lot of experience and a fantastic winrate.

How ABC would you describe your play at micro / low stakes?

Are you winning because you are a disciplined ABC player (who may well throw in the odd creative play) or are you winning because you are more creative than the majority of players?

How important do you think table selection is AT MICRO STAKES?

Was there a turning point in your poker career where it clicked, or was it a slow and steady slog?
 
DaveE

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Do you think one table Sit N Goes ($5 to $10) are a waste of time? Would a person be better off switching to micro ring games?
 
Debi

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I will have some questions for you later but for now I want to know...

How many hours a night do you sleep? If it is less than 7 do you feel deprived?

Thanks again for the thread - your responses have been great and we are all enjoying it very much.
 
F Paulsson

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A follow-up question:

Since beginning to read your book, I've had a win-rate of 95.6bb/100. My question: Can I expect my money back on the book purchase if I fail to sustain this win-rate after finishing it? I think a buy-in every 100 hands is reasonable to expect.

Ahem.
 
BelgoSuisse

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Over the course of your carreer, what is the biggest downswing you experienced, both in buy ins and in dollars? How did you handle it?
 
Makwa

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Wow, cool to have u here LA, welcome.

Book is on its way!
 
NineLions

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I like the idea of metrics, and that as a business you need to budget dollars and also time for things like staff training and vacation, not just because you have to, but because it keeps your business viable in the long term.


I guess one of the tricks for the serious recreational player would be to define their own metrics; what win rate do they want, how many hours a month is optimal for them, is having fun more important than moving up or is moving up and improving more important, ect.

Any thoughts, or suggestions on metrics for this type of player?
 
Suited Frenzy

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Welcome to CC Leather! Thanks for joining our forum, we're (obviously) all happy that you joined here.

ATM, I don't have any questions for you (mainly because a lot of them have been asked already lol) but I know I will in the future.

Thanks for taking the time to answer everyone's questions as well.

Until next time, take it easy man...
 
goborage

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Do you use a HUD? If so, what stats?
 
F Paulsson

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A third, more serious, question:

You give a few examples of things that make you label someone a fish. What's your default adjustment to a player on whom you have very little information other than "probably bad"?

Does the adjustment change depending on stakes?
 
KerouacsDog

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I use Holdem Manager.

I actually am considering selling chunks of my database or possibly even the whole thing. I will keep people posted on that.

As far as the poker being rigged thing, I don't 100% rule out the sites possibly having some mechanism that makes things marginally unfair, however I think that is highly unlikely and it is impossible that they are doing anything obviously unfair.

Very interesting reply considering how many hands you must have in your database, do you think sometimes there are 'action-flops' generated by the sites to increase rake?
(i'm neither for nor against the 'poker-is-rigged' theory, btw.)
 
L

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hey i read the book i am forming some thoughts not sure how much i liked it yet ? you seem to call for very liberal flush and str8 chasing is it the implied odds that make this proffitable over the long haul? also you suggest holdem manager [which is a pain in the ass to get going im not there yet] rakeback can you get them both at your site ? if a person already plays at PS & FT with no rake where would you go to get it? my biggest ? where did you get your disipline?
thanks

1. The math plays out so that the plays I mentioned in the book are all winning plays.

2. Rake back will soon be coming to our site. I will give you more details when it does. HEM is definitely the best software out there.

3. PS doesn't have rake back. At FTP you can write them and beg them for rakeback and see where it gets you. It may work.

4. I guess I just want it more than most people. I don't really know what to say. If you want something, why would you do anything but work on it?
 
L

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LA,

In your opinion how much have the games changed in the past year? I know they have altered almost completely since 2005-2006, but what about now in 2009? Have you seen your overall winrate at 5/10 and 10/20+ fluctuate up or down at all from 2008 to 2009?

Also if nothing positive happens in poker towards legalizing it and making it a "legit" form of online gaming in the U.S, do you think online poker will still be beatable in 3-5 years? I know 50nl-100nl is pretty much always going to be beatable, but im talking higher stakes games at your level, what about mid stakes like 400nl+?

The only thing that would make poker unbeatable is if fish stopped playing. How good the regulars get is irrelevant as long as you are keeping up with the regulars at your limits and fish are at the tables.

I think it gets harder every year. I think in 2010 if the short stackers are forced out the waiting lists may thin down and the fish my start playing more. If that happens, we may see poker actually get easier for the first time in awhile.
 
L

Leatherass

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Thank you for taking the time to answer my questions.. Much appreciated. Best of luck on the sale of your book as well as your continued success on the felt..

Hope u enjoy CC and stick around.

Id like to know.. Is this your first child?

If so... How do you see it impacting your poker career?

If not how do u balance being a father and being successful at poker


Thanks!

It is my first child. Her name is Lennon and she's smiling at me as I type this.

As someone who came from a family where the childrens' needs were always put behind the needs of themselves, being there for my daughter and any other children I may have will always be one of if not the biggest priorities in my life.

Basically I just try to work as much as possible, but if it isever between work and my something that is important to my family I always choose my family.
 
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