Poker: Financial results for May 2011

May was intended to a month where I knuckle down and hit my BBP targets, but also had the distraction of SCOOP games, so how did May fair financially…

Plan

My monthly targets are:
- Play 1000 hands of cash on NLHE $0.50, 1000 cash hands on PLO $0.20 and 500 cash hands of PLO8 $0.20 (all 6-max) with profit target of 2 BB per hour. ($16.00 for NLHE, $6.40 for PLO, $3.20 for PLO8 = $25.60 per month)
- Play 20 STT hoping for 10% ROI (around $20 per month)

Monitor

Overall results for the month:-

Pokerstars :   -$54.89
Black Belt Poker: +$396.83 (£240.57)
Live play :  £0

My Pokerstars games were all SCOOP related, bar one 8 game STT.  I’ve already talked about my SCOOP results, so nothing more to add really….

The BBP results break down as follows:

Cash results (£145.76 loss overall)

NL Holdem ($0.50)  1095 hands -£64.33
PL Omaha   ($0.20)  1025 hands   -£68.25
PL Omaha HiLo ($0.20)  170 hands  -£13.18

Tournament Results (£386.33 profit overall)

10x MTT  +£474.55
10x 2 seat STT -£17.83
3x 6 seat STT -£37.19
4x 10 seat STT -£33.20

Reflect

I managed to play the target number of hands for NL HE and PLO and even made some PLO8 (Hi-low) as well, so the effort was put in.   The results were not great, but also not too bad all things considered.   The NLHE equates to 2 buy-ins (around $100) and know I am playing fairly steady.  The PLO is more like 6 buy-ins but am still learning and analysis of the hands shows I just need to tighten up a little (same as last month!).    The PLO8 I haven’t played much recently so was a little rusty, but the whole loss was from one bad table, so again don’t feel I did to badly over such a small number of hands.

Clearly need to work more on my cash game but feels under control and moving in the right direction (although I guess we’ll see whether my feeling is right or not over the next couple of months )

My STT play suffered this month due to time constraints.   The 2 seater games are high variance,  and can ignore the small loss there, and isn’t enough volume to be worried about the other STT.  

Obviously my saviour for this month was my MTT games.  I cashed 4 out of the 10 played, winning one for £470 !     Obviously a good result, but not sure I can repeat it every month.

Adjust

June is expected to be a “normal” month, so hope to get the hands/games played during the month, but also hope I get back to better results!

I’m keen to get more STT volume as well as maintain my cash volume, which should be doable as will likely be playing less MTT anyway (BBP league has finished) 

I do really need to focus my cash game, PLO in particular, to try and get better/consistent overall results.   Although I do analyse my sessions afterwards, probably need to spend more time thinking about the hands and also try to fit in more time for the training videos I have put to one side but not got around to watching yet

References

January 2011 results http://www.blackbeltpoker.com/blogs/read/259109/sceaga/Financial-results-for-January-2011
February 2011 results http://www.blackbeltpoker.com/blogs/read/294043/sceaga/Financial-Results-for-February-2011
March 2011 results http://sceaga.blogspot.com/2011/04/poker-financial-results-for-march-2011.html
April 2011 results http://sceaga.blogspot.com/2011/04/poker-financial-results-for-april-2011.html