Sunday, April 15, 2012
Travel Journal: Viña del Mar, Chile
Friday, July 29, 2011
My First Article on the PokerStars Blog
THE GLOBAL POKER INDEX
"Who are the best live tournament poker players in the world today?" That's the question the recently launched Global Poker Index (GPI) will answer on a weekly basis. A product of Federated Sports + Gaming (FS+G), the GPI is a ranking system that will determine the top 300 live tournament poker players in the world.
The GPI was developed by the commissioner of the Epic Poker League, Annie Duke; FS+G's CIO, Eric Faulkner; and Don Schlesinger , a prominent blackjack authority, statistician, and the Chief Strategy Officer of The Volatility Exchange. The ranking system, which is patent pending, is designed to be the most comprehensive poker ranking system ever assembled by taking into account an array of factors other rankings tend to overlook.
According to the GPI website, players will be ranked "based on their performance by finishing in cash positions in qualifying tournaments occurring over the previous 36 month period . . . Each player's individual GPI score is an aggregate of scores in events over the previous 36 month period, measured from the day the GPI is calculated. The score for a given event is derived from a combination of their finishing place percentage, buy-in and aging factor."
Now we know what you're thinking . . . "This is going to be just another run-of-the-mill ranking system like the CardPlayer and Bluff Player of the Year races." However, nothing could be further from the truth. It all gets a bit mathematical and technical, but the aforementioned factors are what will surely distinguish the GPI from all the rest. We won't get into the details regarding the finishing-percentage and buy-in factors, but you can read all about them on the GPI's website, GlobalPokerIndex.com.
With that said, we thought we'd have a brief look at the third factor that truly sets the GPI apart from the competition, that being the "aging factor." According to the GPI: "Aging factor refers to the weighting of results by their recency, where more recent results are weighted more heavily than past results." After all, the GPI is designed to determine the best tournament poker players in the world . . . today!
In order to successfully accomplish this, the GPI will institute a 36 month aggregation period broken down into six different periods of six months each. Here's a look at the said periods, along with the associated point multipliers:
Aging Factors
The GPI will then take each player's top three results from each of those periods, for a total of 18 results, and use them in their calculations. In addition, the rankings are assured to constantly change as results move from one period to another, eventually dropping off the back end of the 36-month window.
This was perfectly evidenced by the last two weeks of the GPI between Team PokerStars Pros, Bertrand "ElkY" Grospellier and Jason Mercier. Last week, Mercier was atop the rankings with 2,459.89 points while Grospellier was right behind with 2,446.83 points. Fast forward one week and you'll see that ElkY overtook the #1 spot with his same number of points while Mercier dropped to second with 2,434.30 points. How did Mercier lose points? Simple, his results from the 2008 WSOP recently fell outside the 36-month window and no longer count on the GPI.
As you can see, the GPI will constantly be in flux, ensuring movers and shakers in each week's rankings. Speaking of those ranking, they'll released on GlobalPokerIndex.com, EpicPoker.com, PokerNews.com, and USAToday.com, with the latter promoting the rankings on a mainstream media platform.
Here are some other quick notes regarding the GPI:
We don't like to brag, but right now the top three spots on the GPI belong to Team PokerStars Pros. With that said, we're confident that our pros will be well-represented on the GPI week in and week out. If you want to keep tabs on the GPI, be sure to visit their Twitter and Facebook page. In the meantime, have a look at the latest GPI Top Ten list, as well as how some of your favorite Team PokerStars Pros rank:
The Top 10 as of July 18, 2011
1 | Bertrand "ElkY" Grospellier | 2,446.83
2 | Jason Mercier | 2,434.30
3 | Eugene Katchalov | 2,248.83
4 | Erik Seidel | 2,197.38
5 | Samuel Stein | 2,168.85
6 | Sorel Mizzi | 2,135.88
7 | Fabrice Soulier | 2,133.87
8 | David Baker | 2,027.32
9 | John Juanda | 2,013.63
10 | Vanessa Selbst | 2,011.05
Top Team PokerStars Pro Rankings as of July 18, 2011
1 | Bertrand "ElkY" Grospellier (France) | 2,446.83
2 | Jason Mercier (United States) | 2,434.30
3 | Eugene Katchalov (Ukraine) | 2,248.83
10 | Vanessa Selbst (United States) | 2,011.05
14 | Daniel Negreanu (Canada) | 1,950.89
29 | Barry Greenstein (United States) | 1,718.12
38 | Max Lykov (Russia) | 1,668.29
50 | Pierre "Serial Qualifier" Neuville (Friend) | 1,590.91
51 | Victor Ramdin (United States) | 1,586.27
58 | Chad Brown (United States) | 1,561.18
60 | Alex Kravchenko (Russia) | 1,558.88
63 | JP Kelly (UK) | 1,532.65
Sunday, May 15, 2011
My Profile in My Hometown Newspaper: the Reedsburg Time Press
This write-up on my rise to Senior Writer of PokerNews was done by Ken Leiviska and appeared on the bottom-front page in the Saturday, May 14, 2011 edition of the Reedsburg Times Press. It also appeared on their website, which can be viewed here:
Ken Leiviska, Times-Press | Posted: Saturday, May 14, 2011 7:34 am | (1) Comments
North Freedom native Chad Holloway went "all in" following his life's passion, and now he's cashing in with the job of his dreams.
The 28-year-old Reedsburg resident has made his living as a senior writer for PokerNews.com since October 2010. He likens the website to "the CNN of the poker world."
Writing daily poker articles for the website is one of his duties, but Holloway also covers major poker events about once a month. He gets to stand in the background of famous poker stars such as Daniel Negreanu and Madison native Phil Hellmuth as he blogs the live action.
"That's my favorite part of the job because it allows me to travel," he said, adding that he's been to Argentina, the Bahamas, Los Angeles and Las Vegas in the last eight months.
But the job also is a big challenge, he said. Some days will be 14 hours of work as he follows the action at the poker tables, Holloway said.
"At times it's grueling and you're tired, but when you really have a passion, or love it like I do, there's nothing else I'd rather be doing," he said.
That passion has been tested in the last few years.
Holloway had to give up other career paths to follow his dreams. That story is something that's in high demand, he said.
"I get asked all the time, people always want to know the story of, ‘How'd you get into that? How'd you get that gig?'" Holloway said.
He said it all started when he dropped out of law school at Tulane University to pursue a career knew he'd enjoy.
"After two semesters of law school, I just did not have a passion for it at all," Holloway said. "I realized I would be very unhappy doing that for the rest of my life."
While studying law in New Orleans, he found a passion he wanted to pursue at Harrah's Casino. Holloway said he turned $400 of spare cash into nearly $2,000 in his first week at school.
He knew starting a career as a poker player was unlikely, but he wanted to stay in the industry. Holloway found a Craigslist job to write about poker and did so for about a year, building up a portfolio of work.
"That was my first foot in the door for poker writing," he said.
But at only $12 an article, it wasn't a career. Holloway picked up other odd jobs along the way to support himself.
In January 2009, he took a leap and emailed all the poker industry personalities he knew and asked them how they got the jobs they had. The response was not encouraging.
"The overwhelming response that I got back was that you just don't make it in this business," Holloway said. "But I did get one back that said you're best bet is to basically work freelance and submit your articles to publishers and see if they like your stuff. I took that to heart."
Holloway said he knew it was important to find a niche to get noticed, so he started writing articles about fantasy poker, which is like fantasy football. The publisher of Pro Poker Magazine liked his column and picked him up in May 2009.
That summer Holloway was able to land a freelance job with Bluff Magazine to cover the World Series of Poker in Las Vegas, the biggest poker event of the year. He described it as an unpaid internship since he had to pay his own way and the small wage he made was only enough to make it a break-even experience financially.
Believing his poker writing days likely would be limited to covering the WSOP, blogging and writing his fantasy poker column, Holloway got his teaching certificate and was student teaching in the spring of 2010 at Sauk Prairie High School.
He applied for a freelance job with PokerNews to cover the WSOP in 2010. To his surprise, he got the job. But it wasn't an easy decision to leave a stable career in teaching.
"Just like the game of poker, it was a gamble," Holloway said. "In hindsight I'm so glad I made that choice."
His father, Larry Holloway, is one of the people who gave him some advice with the decision.
"I always told him he could do anything in life he wanted and he would succeed at it," he said, adding that he supported his decision to go to the WSOP. "I'm truly proud of him."
When the WSOP was over at the end of summer, Holloway emailed the editor-in-chief at PokerNews, Matthew Parvis, to see if there was other freelance work he could do. He was happy to learn there was an opportunity for him to cover a poker tournament in Argentina in September.
When he was in the Southern Hemisphere, a longtime PokerNews writer quit. Holloway was offered the full-time job.
"It was really a no-brainer for me," he said. "It was the opportunity I always hoped for as far as breaking into the industry. It just doesn't happen. Luckily for me, it did."
Offering Holloway the job was a no-brainer for Parvis, who said he met him at the WSOP in 2009.
"Chad brings a very unique attitude to the table," Parvis said. "Working events can be very tough with long hours and it can really be a grind.
"Chad has the ability to take those things with a grain of salt," he added. "He's really positive all the time."