9stacks

The Stage Is Set for the Biggest Battle for the WSOP Main Event Ticket!

Hey guys,

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The biggest battle of the season is here!

This #LFGVegas2.00 season we’re giving you a chance to participate in the WSOP Main Event 2019 and the entry ticket is on us!

Can’t believe what you just read?

This March, grind for #LFGVegas2.00 , make only 20,000 points on the Vegas board by 31st March to be eligible to play the Shortcut to Main Event -LFGME Tournament, hosted by 9stacks on the 1st of April 2019.

The winner of the tournament gets Rs 10,00,000 in PB to participate in the biggest most anticipated poker tournament of the year- the WSOP Maint Event 2019.

Ranks 2 - 9 get 20,000 each in their poker balance.

Did you think we’d stop here?

NAH!

For every additional 10,000 points you make this month , post the minimum 20,000 points, you get another ticket to re-enter the Shortcut to Main Event-LFGME tournament on the 1st!

Remember, this tournament can be entered only if you have won the entry tickets through this month’s grind. There are no direct buy-ins.

Check out the deets, here.

#LFG!

Cheers,

Team 9stacks

We got funded :)- 9stacks becomes the first online poker platform to raise series A funding

Last week, we announced that 9stacks has raised 28 crore INR in a Series A Funding Round. The round was led by WaterBridge Ventures and included Astarc Ventures, Vinay Mittal, and our existing pool of angel investors.

For me, two things made this round special:

  • This is the first Series A raised by any Indian online poker company - a real vote of confidence in our team and the systems and processes we’ve put in place.

  • Many of our initial angel investors participated in this round again! Usually startups don’t expect angels to invest in subsequent rounds, but we were pleasantly surprised to see the strong interest from our early backers. Here’s hoping to generate stellar returns for them in the years ahead!

We had started 9stacks last year aiming to provide an authentic, transparent and simple online poker experience, which would make poker a fun sport for everyone. Along the way, we introduced many innovations to the Indian poker industry:

  • The Dual Wallet system  which soon became an industry benchmark

  • Our loyalty points - StackUp points - which offer super value to regular players

  • Sending 25 people to Vegas!

  • Our promotions and tournaments like Goal Digger, Tournament Milestone, Rush, Texasmash, Stack Wars, Peti@FT,  etc which the poker community has appreciated, and have been hugely successful.

  • All day time cash-outs within 2 hours, 365 days a year! And all night cashouts by the next morning. And all these cashouts happen after full fraud detection, thanks to automation and machine learning.

  • Last but not the least, we launched the Skills Dashboard, which is India’s first and only analytics tool to make YOU a better poker player. (Do try it if you haven’t yet - and yes, we’ll keep adding features to that as well!)

We have tried to break barriers and fight stereotypes at every step, be it encouraging women vociferously in the field of  poker, or building a fully automated, data driven platform with one of the safest and fastest cash out processes in the industry today.

And I’m glad we’ve been able to build a great team along the way!

It’s been a good year, and we look forward to more fun and games (of poker) ahead!

To read about our funding stories and to know what our investors have to say about us, please click on the links below.

Economic Times CalvinAyre.com VCCircle Entrackr GLaws IndiaToday Dalal StreetJournal

Sudhir Kamath

Ego Is The Enemy - Applications in Poker

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Ego is the Enemy is a highly acclaimed book by Ryan Holiday. It talks about how our ego often leads us on the wrong path in our pursuit of success. While reading the book, I couldn't help but notice its implications in poker. Allow me to start with a recent personal experience.

A few weeks ago, I was running deep in a live tournament. I busted on the final table after losing a flip. The guy who busted me wasn't someone I knew, but during the course of the day, we had developed a less than cordial relationship because of a few altercations. Later, we did shake hands and put it away as water under the bridge. 

Fast forward to yesterday when I found him on my table again in an online tournament. The first hand I played against him, he cracked my Aces. That hurt. Immediately, I felt a surge of emotions, clouding the logical part of my brain. I sensed an irrational desire to outplay him. And a few hands later, I busted against the same guy after making a sub-optimal play. I went on tilt and played worse for a couple of hours after that.

What happened here is a classic case of letting your ego guide your decisions rather than your poker knowledge. It is perhaps the most common mental game leak. I've been on the other side of this situation too when my opponents are not able to adapt to my playing style, and they go on tilt and give all their chips away. Their ego told them to fight to defeat me, instead of defeating my play. This led to bad decisions and a negative output for them.

It often happens that you end up playing more hands against a specific opponent. You think he is playing bad but getting lucky. Perhaps he is 3-betting every time you raise. Or maybe he is calling with all his gutshots even after getting bad odds and getting there. It makes you tensed up. You berate him in the chat box and you want to punish him. But how do you go about that?

The most common response I've seen from players is that they start becoming more aggressive, which ends up hurting them even more. Or they become too passive, waiting to trap with their most premium hands. None of these strategies is correct. The right approach would be to stick to your fundamentals. So, if your opponent is 3-betting you light, then you can tighten your opening range so that you can defend his 3-bet more often with a stronger range. If he calls with bad odds, then punish him by increasing your bet size, perhaps even overbetting flops/turns.

We chose a fundamentally sound counter-strategy which will give us the best chance of defeating our opponent. By separating the play from the player, we could identify the correct course of action.

This is what I mean by saying that ego is the enemy. Detach your ego from the results. It is fine if you are not able to defeat a particular player. Perhaps he is getting lucky, or he is playing better. If his play makes you feel awkward, then kudos to him. He shouldn't be expected to play in a style which makes you feel comfortable. Whatever be the case, you have the right strategy to deal with it - playing solid fundamental poker.

See you around,

Cheers,

Mayank

This article was written by Mayank Jain. Mayank is a writer who plays poker for a living. He writes at http://mayankja.in/ on mindfulness, travel and art, among other things.