from the lounge
Posted: Jun 19, 2015 12:00am ET
So the first round of the U.S. Open golf tournament is in the books at Chambers Bay, a brand new and much-talked about venue for our national championship.
Sure, you had players carping about this or that, but what U.S. Open doesn't engender such animosity from those who don't find themselves on top of the leaderboard? At the end of the first round Thursday, two of the best players in the world, Dustin Johnson and Henrik Stenson, were tied for the lead at 65, five-under par, and top-flight pros like Jordan Spieth, Matt Kuchar and Patrick Reed were in contention.
And those who played lousy, in particular Tiger Woods with an 80 and Ricky Fowler with an 81, are mired at the bottom of the leaderboard with virtually no chance of making the cut come Friday evening. So isn't that what a championship course is supposed to do—identify the strong and penalize the weak? Chambers Bay, a true American links, did just that in its debut.
This public golf course south of Seattle in the port town of Tacoma was built as a links-style course that could host the U.S. Open. Designed by Robert Trent Jones Jr. with considerable input from the United States Golf Association, Chambers Bay opened in 2007 and has been evolving ever since. To be sure, Chambers Bay is completely different from any previous U.S. Open course, as its primary grass is fine fescue with a sandy soil base, a composition that Chambers shares with the old links of Scotland.
Said Stenson, who hasn't entirely embraced the course but hasn't rejected it either: "It's a links course with some extreme features, there's no two ways about that. We've got some big banks; we've got some massive runoffs and fairways that are really sloping areas. The key is not to get tricked out by them."
Links golf is by definition a ground game. While American parkland courses call for target golf—know your yardages and hit to an exact distance and position—Chambers Bay requires imagination, even in the extreme. It's a darn long course, with five par-4s measuring more than 500 yards, though four of them play downhill. And while Woods and Fowler couldn't handle it in the first round, the two seniors in the field, Colin Montgomerie and Miguel Angel Jimenez, shot 69. Masters champion Jordan Spieth, who says he likes the place, shot 68. Phil Mickelson, still looking for his first Open victory, also says he likes the place. He shot 69.
Posted: Jun 9, 2015 1:00pm ET
The Cosmopolitan of Las Vegas has always offered a lot to recommend: Cool nightlife, some of the best cocktails in town, fantastic rooms with balconies (a rarity in Vegas for obvious reasons), and, just for good measure, a spinoff of STK with a DJ. But if you want to gamble, really gamble, well, it just hasn't been the place. The casino there never feels exactly right, and if you happen to be a high roller, looking to put down seriously big bets, Cosmopolitan has a history of not courting whale-sized action. Plus, its accommodations can be limiting for guys who're used to staying in comped five-star villas that come with English butlers.
But that is poised to change. Gambling at Cosmo will soon be up to speed and as alluring as everything else inside the high-energy hotel/resort/casino.
Coinciding with the Blackstone Group purchasing Cosmopolitan from Deutsche Bank, Bill McBeath was recruited to run the place as its president and CEO. Formerly the president and COO of CityCenter, McBeath is a gambler's gambler. He describes sports betting as a "hobby and passion" and is known for playing in some of the higher poker games on the Strip.
That's a verbose way of saying that Cosmopolitan is about to strengthen its gambling game. "Deutsche Bank did not have the risk tolerance for the volatility and acquisition costs that come with big gamblers," McBeath told me during a recent chat in his posh office that features an impressive collection of high-end Scotches. "I am comfortable that if you understand the math of the game and the expected hold percentages, then every customer is a P&L silo."
In order to attract those silos of cash, the outspoken McBeath plans to make Cosmopolitan's casino floor more inviting, bring the sportsbook down from its second-story isolation (so it can be turned in to a destination) and expand the Talon Club, Cosmopolitan's club-like, high-limit gaming room.
What he'll be cutting back on are most financial incentives, including the gratis chips and gift cards that have been known to successfully lure well-heeled gamblers into casinos. Though it's a pretty common practice—says the host to the high-roller: "I have 5,000 reasons why you ought to stay with us this weekend..."—McBeath believes that Cosmopolitan does not need it. "We're leaning off promotional chips except at the highest end," he says. "People should come here because they value the experience. Not because we're paying them to walk through the door."
Posted: Nov 5, 2014 1:00pm ET
It's one of those good-news/bad-news stories. For the second time, professional poker player Maria Ho qualified as the last woman standing in the World Series of Poker Main Event. This year she finished 77th out of 6,683 entrants and took home $85,812 in prize money. In 2007, the game broke her heart with a 38th place finish and $237,865 for her trouble.
All told, she's won nearly $1.7 million in live tournament winnings. Nice as those distinctions might be, they're nowhere near as appealing as making the Main Event final table, playing for the world championship bracelet and competing for an ungodly sum of money. This year's first-place finish pays $10 million. Had a few things gone her way, Ho would have been the first female vying for the richest, most prestigious windfall in poker.
When the so-called November Nine play down to a winner this coming Sunday and Monday at the Rio in Las Vegas (ESPN airs the final table on Monday and Tuesday, November 10 and 11), Ho will be watching with interest and quite possibly licking her wounds. What she won't be doing is second-guessing the bluffs and heroic plays she made over the course of the $10,000 buy-in tournament. In fact, she's proud to have not kept her eye on the prize over the course of the Main Event.
"People can't do their best when they put too much emphasis on having a shot at $10 million," says Ho, who began playing poker during a break between college and a possible run at grad school. (She stayed at the tables and remains satisfied with her undergrad degree.) "You stop making the best decisions and become unwilling to put your tournament life on the line when you should." Speaking of which, she adds, "Being a woman helps. We only account for 3 percent of the players, and men think we're unwilling to bluff. Women are grossly underestimated."
Ho, of course, would have it no other way. She's suitably driven that recognition for being the last woman standing feels like a dubious honor. "It's not something I am shooting for," she says dryly. "I am always looking to make the final table. I would be the first woman to do it at the main event. Getting there is the dream of every poker player-male or female."
Posted: Apr 1, 2014 12:00am ET
If you thought Warren Buffett was a stone-cold madman for putting up a billion-dollar free-roll to anyone who could complete a perfect March Madness bracket, well, it's time to reassess the Oracle of Omaha's sanity. That irresistible offer brought Buffett and the venture's sponsors, Quicken Loans Inc. and Yahoo Sports, boatloads of publicity with virtually no risk. Just about everyone washed out on making it through the first two rounds of the NCAA finals.
However, there was one exception: Brad Binder, a misbegotten soul who went into week-two of the tournament with a perfect Yahoo bracket—but somehow failed to enter the contest put on by Buffett. As Jay Farber, second-place finisher in the World Series of Poker, put it: "So this kid has the potential to miss out on a billion dollars? I might off myself."
Farber's life is safe from his own hand. Binder failed as miserably as the rest of us on the Round of 32 (specifically, game 37, after Dayton beat Syracuse by two points). He's out of the running for a perfect bracket—as the math dictates he should be. According to oddsmaker RJ Bell, founder of Pregame.com, assuming that the remaining games after the first weekend would all be even money, the chance for a perfect bracket spiked to 102 trillion to 1.
While each game is clearly its own event, the likelihood of flawlessly picking teams grows increasingly distant as March Madness progresses. "Odds of getting the first day perfect were 284 to 1," says Bell, laying out a long shot that is far from astronomical. "Getting the first two days perfect was 815,000 to 1. It literally increases exponentially." The unfortunate Binder might have been better off using his run of good luck on a lottery ticket or getting struck by lightning, which is only a 3,000 to 1 shot.
Posted: Feb 5, 2014 12:00am ET
The past year has been a good one for gamblers who enjoy scandal and chicanery – particularly when it involves other people. For our voyeuristic pleasure, there was the busted poker/bookmaking ring allegedly centered around a high-end Picasso dealer who operated out of Manhattan’s Carlyle Hotel, audio tapes emerged on which Russ Hamilton reportedly admitted to scamming players out of millions on the now defunct poker-site UltimateBet, and Phil Ivey got himself into a widely reported kerfuffle with Crockfords in London over a bit of advantage playing (definitely not cheating, at least from my purview) at the punto banco table.
As 2013 wound down, Archie Karas, famous for having one of gaming’s all-time great winning streaks—the story goes that that he hit Las Vegas in 1992 with $50, borrowed $10,000, and ran it up to $40 million in three years—got accused of marking cards at a San Diego blackjack table. Supposedly, he burned through the $40 million in just three weeks time, so, by 2013, he must have needed cash. Colorful as Karas’s entry to Vegas may be, recent events seem rather bleak. His allegedly ill-gotten blackjack winnings were just $8,000 and his actions (if he did them) would clearly be criminal. In El Cajon, California, Superior Court, Karas pleaded not guilty to winning by fraudulent means and burglary (both felonies) and cheating (a misdemeanor). Whatever the outcome, there is good reason to believe that guys like Karas always land on their feet. Shortly after he was charged with marking cards, a Hollywood production company announced plans to make a biopic, based on his life, entitled, appropriately enough, The Run.
Christian Lusardi made headlines for taking the chip lead in day two of the Borgata Winter Poker Open Big Stack No-Limit Hold ‘Em Tournament, but his good press turned bad after tournament officials sensed something wildly wrong—there were too many chips in action—and play was suspended. They say that 160 counterfeit chips (totaling $800,000) had been introduced, compromising the integrity of the contest.
Posted: Dec 20, 2013 12:00pm ET
It's usually around the holidays that I get a lot of questions about what I do as tasting coordinator, and what we do here at Cigar Aficionado when we rate cigars. This week you're seeing the final results of that as we reveal the entire Top 25 list for 2013. But to get to those 25, there's a long, ash-laden road that the editors take every year.
In the last 12 months, Cigar Aficionado editors have puffed their way through more than 700 cigars for the ratings in the magazine and in Cigar Insider. On top of that, there was the special tasting of Top 25 cigars that began with a round of 45, then a second round of 13 finalists.
Here's how it works in brief: I get the cigars that will go into each taste test, and I personally remove the bands from every cigar that goes out for tasting. (I keep the bands for reference, in a half dozen sturdy, gallon-sized Ziploc bags throughout the year, eventually leading to a large, colorful and gilded pile of what our art department calls cigar confetti.) I pass out the cigars to each of the panelists. Most folks would welcome a personal cigar sommelier/courier in every day, but a couple of the panelists cringe when they see me coming.
The tasters receive unknown cigars banded with a white label marked with only a number. I hold the code, and I'm not one of the tasters. They rate the cigars, return their scores and notes to me, and from that information a final score is determined and a tasting note is written.
It's a considerable number of cigars. Looked at by ring gauges, laid side by side, they'd reach out over 120 feet—about the distance between home plate and second base on a major league baseball field. I mentioned that next year we should try for the outfield and was nearly fired.
Posted: Aug 26, 2013 11:00am ET
Atlantic City's gaming industry has weathered a steep downslide, but, even so, summer months traditionally provide salvation for the casinos there. After all, A.C. is blessed with an oceanfront location. So if you can spend your days on the beach and your nights at the tables, what's wrong with that? Considering its natural attractors, Atlantic City usually goes easy on the comps each summer. Apparently that has changed. With increased competition from casinos in Philadelphia and the racino at Aqueduct racetrack in Queens, N.Y., things may be getting a little desperate.
If desperate times lead to desperate measures, then the Atlantic City casinos are definitely right where they should be. This summer has been a bonanza for gamblers who venture down to Vegas by the Sea. The Borgata is signifying its 10th anniversary by giving away more than $100,000 over the course of 10 weeks. Caesars Entertainment—the parent company behind Caesars A.C., Bally's, Harrah's and Showboat—has a Millionaire Maker promotion, which is exactly what it sounds like: a series of gaming opportunities for players to stumble upon $1 million.
Down-and-dirty Atlantic Club, the casino that PokerStars hoped to take over in order to get a toehold in A.C.'s burgeoning online poker realm, allows customers to use casino comps like cash in local businesses. Revel, which went through a brutal Chapter 11 and didn't help itself by not allowing smoking on the premises (a silly rule that has since been flip-flopped), spent the month of July crediting slot players for losses between $100 and $100,000. The casino is now giving away free gas cards, 48 free cars between August 29 and September 1, and matching slot promotions offered by rival Atlantic City operators.
Most audacious of all, Trump Taj Mahal will be burying $200,000 worth of cash vouchers in the sand behind the hotel. Gamblers will go out with shovels and dig them up. Maybe somebody at the Taj overheard Revel marketing man Randall Fine who commented to the Press of Atlantic City on his casino's new slogan "Gambler's Wanted." "I think it's not a bad idea to show gamblers that we want their business," he told the Press. "‘Gamblers Wanted' should be the slogan for Atlantic City as a whole."
Posted: May 22, 2013 2:00pm ET
Back when I reported a 2010 cover story on Phil Ivey for Cigar Aficionado, his penchant for high-stakes gambling away from the poker room was no secret. I watched him at a craps table, casually putting hundreds of thousands of dollars into action. Then I witnessed casino hosts wooing him with cases of expensive Spanish wine and the kinds of sublime, small-production cigars that most of us will never see.
Hosts didn't kowtow to Ivey because he's a great guy or a world famous poker player. They did it because he's willing to bet huge sums of money at games in which the odds are tilted against him.
Whether or not he's an overall winner, I have no idea. But I know for sure that he gives casino executives the levels of action that they crave. It's easy to believe that he takes out the high-denomination markers that hosts love extending to their best customers, as reported in my story "Collecting the Debt" in the current issue of Cigar Aficionado.
So it's hardly surprising that Crockfords, the most venerable casino in London, welcomed him with open arms last August. As is the custom for those who gamble at the highest stakes, Ivey was given his own table on which to play. His game of choice that night was punto banco, similar to baccarat, based purely on chance, and unbeatable in the long run. Ivey promptly dropped $500,000 and took the loss like a man, as is his norm. Then he asked the casino to raise his betting limit from $50,000 to $150,000 per hand.
The folks at Crockfords complied, surely expecting a windfall from the famous poker pro. But it did not turn out that way. Ivey went on to score approximately $12 million over three days. Management did not take the beating very well and refused to let Ivey collect his winnings. He left London with a receipt for his profits and a payout of his $1 million buy-in.