The rag trade

Every so often, I encounter the rag trade on PokerStars. That is, players who bet absurd amounts with nothing but rags ...

This is an excerpt from my January 29, 2014 post. That was in my cash game days, but the rag trade can be found in tournaments as well. Last night, I lost half my stack early on to a rag trader who went all in with T8o (ten eight offsuit). He'd hit middle or bottom pair on the flop, while I'd hit top pair with an overcard kicker. I was an 80+ percent favorite, but he paired his other rag on the turn, and suddenly I was an 18 percent dog. The river was a brick. I felt that some measure of justice had been served when the rag trader hit the rail on the very next hand :-)

style flavor buy_in  entry players entries paid place winnings

MTT   NLHE   174000  26000       6      53   15    30        0

delta: $-200,000
MTT NLHE balance: $32,857,768
2021 balance: $9,486,000
blue distance: $200,000
balance: $87,151,453