arecord -l: 

**** List of CAPTURE Hardware Devices ****
card 1: Audigy2 [SB Audigy 2 ZS [SB0360]], device 0: emu10k1 [ADC Capture/Standard PCM Playback]
  Subdevices: 1/1
  Subdevice #0: subdevice #0
card 1: Audigy2 [SB Audigy 2 ZS [SB0360]], device 1: emu10k1 mic [Mic Capture]
  Subdevices: 1/1
  Subdevice #0: subdevice #0
card 1: Audigy2 [SB Audigy 2 ZS [SB0360]], device 2: emu10k1 efx [Multichannel Capture/PT Playback]
  Subdevices: 1/1
  Subdevice #0: subdevice #0
card 1: Audigy2 [SB Audigy 2 ZS [SB0360]], device 4: p16v [p16v]
  Subdevices: 1/1
  Subdevice #0: subdevice #0

#####################################

arecord -L:

null
    Discard all samples (playback) or generate zero samples (capture)
front:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    Front speakers
rear:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    Rear speakers
center_lfe:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    Center and Subwoofer speakers
side:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    Side speakers
surround40:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    4.0 Surround output to Front and Rear speakers
surround41:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    4.1 Surround output to Front, Rear and Subwoofer speakers
surround50:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    5.0 Surround output to Front, Center and Rear speakers
surround51:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    5.1 Surround output to Front, Center, Rear and Subwoofer speakers
surround71:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    7.1 Surround output to Front, Center, Side, Rear and Woofer speakers
iec958:CARD=Audigy2,DEV=0
    SB Audigy 2 ZS [SB0360], ADC Capture/Standard PCM Playback
    IEC958 (S/PDIF) Digital Audio Output

##################################
cat /proc/asound/cards 
 0 [HDMI           ]: HDA-Intel - HDA ATI HDMI
                      HDA ATI HDMI at 0xf1010000 irq 42
 1 [Audigy2        ]: Audigy2 - SB Audigy 2 ZS [SB0360]
                      SB Audigy 2 ZS [SB0360] (rev.4, serial:0x20011102) at 0xa000, irq 19

###################################
recordmydesktop --device Audigy
Initial recording window is set to:
X:0   Y:0    Width:2880    Height:900
Adjusted recording window is set to:
X:0   Y:2    Width:2880    Height:896
Your window manager appears to be Openbox

Initializing...
Buffer size adjusted to 4096 from 4096 frames.
ALSA lib pcm.c:2212:(snd_pcm_open_noupdate) Unknown PCM Audigy
Couldn't open PCM device Audigy
Error while opening/configuring soundcard Audigy
Try running with the --no-sound or specify a correct device.

###################################
recordmydesktop --device hw:1.0
Initial recording window is set to:
X:0   Y:0    Width:2880    Height:900
Adjusted recording window is set to:
X:0   Y:2    Width:2880    Height:896
Your window manager appears to be Openbox

Initializing...
Buffer size adjusted to 4096 from 4096 frames.
ALSA lib pcm_hw.c:1401:(_snd_pcm_hw_open) Invalid value for card
Couldn't open PCM device hw:1.0
Error while opening/configuring soundcard hw:1.0
Try running with the --no-sound or specify a correct device.