Hello Lp!
Year summary so far
October is over and since it has been the first month of this year in which I finally put in some decent volume, I am gonna post some results and thoughts about this year so far.
Until september this year I was quite lazy and instead of putting in decent volume and making some steady profit at 5/10NL and 10/20NL like last year, I was putting in 10-20k hands per month on average and mostly taking shots at 25/50NL or higher.
It didnt go very well as is usually the case, partly because obviously the games are pretty tough to beat and partly because you know, pokersites preffer grinders above shot-takers and most of the time they remind you about that when you try and take a shot at higher games, as documented by the following photography (in the spoiler) taken by someone from within pokerstars a couple years ago:
+ Show Spoiler +
Apart from online cash games, I played quite a few big live events and only made 1 small cash in them, which cost me quite something.
An unpleasant realisation
So, in the middle of August I took a look at my results and I found myself having a total net profit for the year in the range of what I was able to win or lose in 2-3 days at 25/50NL+.
The resolution
After realising that, I decided I really need to stop being lazy and taking retarded shots hoping I will just hit a heater and instead start putting in way more volume of good solid play in games for which I have a good bankroll and which I know I can beat (mostly meaning 5/10NL).
To accomplish that, I decided to move mainly to Pokerstars because one of the reasons I wasnt putting in the volume was that there simply wasnt enough tables at Prima very often and I didnt want to play lower or wait for games etc, I wanted to just join whenever I felt like it and always have enough tables to play. Since most action at PS is at the 20-50bb tables, I started playing a shortstack mostly (had some experience with shortstacking before, but obviously I had to put in some time into doing some math), but of course when there was good action at deep tables I played those too, not purely shortstacking.
The reality
Sadly, I didnt quite avoid playing 25/50NL+ in august yet and while it went okish at first, I got reminded about my resolution not to play those games by Pokerstars very soon: in a span of about 4-5 days in the beginning of september, I managed to lose about all of my yearly profit so far while ev-wise I should have been breaking even.
After that, I really decided strongly that I would stop playing higher than 10/20NL and except from a couple hundred of hands when there was a sick uberfish and I had the direct position, I really didnt.
I also decided I was going to play a lot in October, which by my standards I did. I played a total of 171.34 hours, which is 5 hours and 32 minutes a day on average. Thats probably at least like double of what I was putting in in the first half of the year, probably even more.
October results
Luckily, it proved to be the right way for me atm and I booked quite a solid month:
I am definately very happy with the amount of hands I put in. I am also quite satisfied with the results of 5/10, where I think I should be able to at least keep such a winrate longterm. I am still angry at myself for playing those couple hundred hands at 25/50NL, I could have had a really good month if it werent for that. Still, its kind of tough when I got used to winning or losing in about 2 days what I now made in a whole solid month of playing 5/10NL.
Shortstack vs. deepstack results
Anyway, since I was mixing in playing with all kinds of stacksizes from 20bb up to maybe 300bb, I was quite curious how I was doing when on a shortstack and when deeper.
First screenshot is results filtered by stacksize under 30bb:
Second screenshot is results with stacksize 30bb and above:
Plan for the near future
Thats it for the results. From now on my plan is to put in a minimum of 50k hands every month, mostly at 5/10 with some 10/20 with good table selection. I hope to be able to achieve a winrate of about 2 BB/100 at 5/10 over a large enough sample size (250k+ hands). If I manage to achieve that I will then maybe allow myself to start taking some shots again, but only while still maintaining a decent amount of volume.
Other than online grinding I will most likely attend EPT Prague in December and before that I will possibly make a trip to Los Angeles and then to Hawaii. Its suppossed to be a non-poker trip for the most part, but since I havent visited The Commerce casino yet, I am definately gonna go and play there a bit if I am in LA. If anyone from the area wants to meet up, just leave a message.
Thats it for now.
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United Kingdom. Nov 01 2010 04:22. Posts 8665
