Thursday, June 4, 2009

Mini Hat-trick

Everything is perspective and at the minute, 1c/2c is reality to me and I'm winning and feeling good about it. Looking forward to moving up through the levels again soon.

My main focus this past 3 nights has been to try to bring my A-game to the $11 PLO Tourney on Stars. Compared to my microstakes, it is mega bucks; which is helping me take it seriously. Each night it has approximately 70 runners and I've cashed 3 out of 3, limping home near the bubble each time.

The secret? As Laff says, "Tight is right!"

Monday, June 1, 2009

Star City and Pokerstars $1 Million Turbo Takedown

It has been a big weekend of poker with 2 live sessions at Star City and a crack at winning a Porsche Cayman S in the Million Dollar Turbo Takedown.

I went straight from work on Friday night and managed a 10-hour session straight. Sat in the $5/$10 Limit table with 5 or 6 to every flop, capped or not. I decided to play high cards, pocket pairs and suited connectors. In theory, this should be a pretty lucrative game and I'd be interested to see how lucky/unlucky I was using PokerEV. Long and short of it was that I dropped $300 in first 3 hours by coming 2nd each time and having been rivered more often than not. Then I had 2 hands in a row that I won and I was back to all square. Hovered there for another hour and could feel boredom creeping in so I moved to a 80-100NL game.

My 2nd hand of NL, I find KK in the BB. Maybe 6 limpers for 2 dollars so I made it $20 to go. UTG+1 called and everyone else folded. Flop came with 3 low cards, so I c-bet for $20 thinking that it would be enough or tempt a chase by AK etc. Turned a low club making 3 clubs on board so I pushed the remaining $40 into a $90 pot and villain took forever to call. River blanked and I thought I was good, but he turned over a baby flush. Like the Limit table, I recovered this over the hours ahead and cashed in at 3am exactly even to the $. In hindsight, I made the most of the situation with very little to get my teeth into.

In Australia, P-platers can only take one passenger after 11pm which is a really good law. My daughter needed to get to the Presets with her friends, so I scored an unexpected econd session on Sunday night as chauffeur. Exact same story played out. Second hand of NL, KK UTG+1. I make it $10 to go and get 2 callers when the SB makes it $35. Fearing a strong hand, I called to see if an A would flop and attract a couple of other callers too. The flop came A55r 3-ways. SB checked and with only $45 in front of me it seemed like a reasonable play to push it in. Call, All-in and I was in bad shape. Yip, SB had AA, nh sir, bugga. My Limit seat came up and I still struggled with coming 2nd on the odd occassion I got in a pot. At 10pm with 1 hour of play left, I decided to give the NL a go again and lo and behold, I cashed in at 11pm for a total loss of only $6.

Whilst I played my own cards reasonably well, my reads were well off and I couldn't put anyone on hands. If I'm not raising peflop, I fail to define how others play against me. The regulars change gears depending on how everyone is playing. Over time, I'll need to pick up this skill. More thought required.

The Stars Turbo Takedown was a tough little tourney as the blinds rise quite quickly. I had 2 maniacs at an otherwise passive table with 2 dead no-shows to my right attracting aggressive blind stealing and c-betting. With my wings clipped early, I stuck to solid ABC poker. When the bubble eventually burst I was in approx 1700th position with an M of 7, which was above average. They dropped like flies from 10,000 with the payout structure very flat, another $5 for 500 spots or so.

I played fairly solid hoping to double up or steal as the opportunities presented themselves which I did. Critical hand was the SB shoving on me and I had A8o and decided to gamble. The wider his range, the better off that I am and I decided that with the blinds and antes about to eat in for us both this could well be a steal so I called. Alas, he had AKo and the flop of AK7 had me on the rail in 5972nd for $55.

In retrospect, I'd do the same again because of blind pressure on each of us and the fact that the real money requires a top 100 spot at least, more like final table. I probably forfeited $10-20 of ladder climbing equity for a tiny crack at the Porsche. It's important to dream to keep poker fresh!

Wednesday, May 27, 2009

Moving up a Level

Inspired by my FR successes, I decided to actually see if it would translate to a real money buy-in PLO MTT. Alas no, I finished midway in the $11 on Stars, oscillating up and down around my starting stack. Played OK, I think.

Realising that playing for anything more than peanuts is way beyond me at this stage, I decided to grind out the 1c/2c PLO. My 4-tabling netted me a whopping $25. May try that again to see if 1c/2c is my sweet spot.

Still freerollin'

Still having a bit of a sabbatical from serious poker and I must say that my mind is clearer to think about the game. That said, tonight I'm indulging myself with another Hubble Freeroll on Stars, this time PLO with 6066 starters.

At the first break I am 142nd of 1094. I got lucky just then hitting my gutshot for a 6-card straight flush 234567, gotta love PLO.

OK 4 hours later - on another break and I'm 12th of 86 and very happy with my play. Lost most of my chips at one stage in a big hand - can't recall why but I wasn't unhappy with my play. A couple of hero calls where I just couldn't put opp on anything but a missed FD and they were all right. Got respect for my min-raises from the tourney leader 2 seats to my left. Small ball min-raise aggression built my stack right up again. Overall, very pleased even though it is a freeroll with nothing at stake. Update: Finished 31st fo a 2nd ticket.

It struck me that most people are well capable of becoming winning players at some level; its just a case of being realistic at what that level is. For me it seems to be Freerolls for now :-(

Tuesday, May 26, 2009

Why I Play Poker

Some time ago, I wrote to Adam at "Rounders the Poker Show" and suggested a topic for discussion - How to use forums more efficiently. I agree with Laff's comment to my last post that it just isn't a productive use of time (a finite resource for those of us with families and work commitments). That said, there is a wealth of valuable knowledge nuggets hidden away there and worth finding.

To address this, I take my hat off to PokerRoad and their Red Pro Strategy forum ... all wheat, no chaff. With only quality posts and discussions it is a phenomenal resource. In my attempt to get a URL to include, I happened upon this recent post on Shoving Mathematics.

As I will never reach this heightened level of understanding of the game (but can absolutely appreciate and respect it), I know that poker can stimulate me academically for a long time to come so long as I keep it fun and serious.

In summary, this is why I play poker!

Monday, May 25, 2009

The Wisdom of Crowds

James Surowiecki argues in his book The Wisdom of Crowds that the aggregation of information in groups, results in better decisions than could have been made by any single member of the group. In terms of poker, it is clear that 2+2 can solve the challenge of optimal poker strategy far more quickly than a dozen or more of the top professionals, experienced experts in their field, ever could. Similarly, the exposition of the UB scandal when the crowd garnered and aggregated tiny components of knowledge was incredible and a testament to "crowd-sourcing".

I've been an advocate of this thinking for a couple of years now in business and am convinced that the discipline of crowd-sourcing, leveraging social media technologies, will be increasingly important. I'm a big fan of Betfair too. Apart from the ability to "play the bookie", at any point in time, it is the most reliable of who is going to win an election, Idol or the FA Cup Final. According to wikipedia, Betfair is the world's biggest prediction exchange, with around $28 billion traded in 2007.

The English Premier League has just finished and I've been involved in a Footy Tipping Comp. I know very, very little about the EPL, but I know how to find out who is favourite to win - Betfair. Last night, Man Utd reserves (title was already won) took on Hull City (fighting for survival) at Hull. How could I possibly evaluate the relative strengths of those two teams from the other side of the world. Don't need to, according to Betfair, Utd were a slight favourite to win as was borne out with their 0-1 victory.

By picking the favourites all year (I never picked one draw, its never the favourite) I just managed to scrape home ahead of 2nd place by one point. He occassionally varied his tips when the home and away teams were both the same odds, he'd pick the draw. Over the season, we both ended up well ahead of the other experts. The buy in was $50 each with 26 entrants and 3 places paid. I think that my 1st spot wins about $700, don't really know. I just know that it is always +EV to follow Betfair as the system is almost unbeatable. Certainly attempts to beat the wisdom of crowds is -EV.

Poker thought of the day ... whilst it is essential to mix up your play, don't ever succomb to Fancy Play Syndrome because it is always -EV.

Sunday, May 24, 2009

Bootstrapping my Stars account

I've taken a massive downswong on my online roll of late and now need to go back to microstakes to build it up. So bad that I just entered the Hubble FR on Stars with 9000 entrants. If I get in the top 72 I win a place in another $2000 FR.

A number of the successful online pros take shots way beyond their rolls, knowing that if they don't make it that they can always go back to grinding it. I'm not so sure. It's really tough bringing anything close to your A-game to these micro stakes. I'll let you know how I go. Right now, I'm 28th out of 5523 runners left.

Positional updates 58/4633; 98/4037; 141/3509; 203/2632; 704/1409; 636/1150; 153/815; 118/750; 91/650; (hurt badly blind vs blind bluff) 268/537; 223/493; 81/443; 97/410; 107/364 at 2nd break.

In parallel, I've been playing a $4.40 Limit O/8 with 153 runners, paying 36 places. The flat structures certainly keep the money in the pond generating rake. I'm not complaining at this stage as I try to get back to winning ways. I'm currently 24th of76. Fingers crossed.

Back to the Hubble FR 120/340; 125/290; got lucky with QQ hitting trips 25/266; chipleader just donked off half his stack with triple barrel on 27499r, I had A7 and the barrels were getting very big, now 4/206; 7/179; 9/163; 14/154; avg stack 90K, I have $190K; 20/135 closing in ... need to stay away from big stacks and steal where I can; ... another break 29/123; 24/109; 27/100; 36/94 (did I clam up too soon?); AA dbl up to 6/92; 8/86 almost home ...; 19/78 one of those spots where you can fold AA preflop ...; woo hoo made it in 19th position. Looks like Stars play on! 24/48; Finished 41st and won my ticket into another FR. Oh for a BR.

And back to PLO/8 20/66; 23/61; 26/57; Limit goes so slowly in comparison; 29/53; 30/51; 12/48; another break 19/42; 12/39; (pf raise with A245) 4/31; 5/27; 5/21; 6/19; 6/14; single tabling and concentrating now 9/13; bugga that was a mistake - finished 12th flopping middle flush and 35 Lo in BB. 2nd best twice hurts in this game.

2 out of 2 cashes for $5 profit!