Friday, August 26, 2011

Poker: Financial results for August 2011

July was a great month for me, but Poker being the cruel mistress then turns the tables on me and August turns out to be one of my worse for a long time!

financialChart

Yesterday was the last day I am able to play Poker for a couple of weeks, which is why I’m doing my write up now… but probably just as well, so I can have a rest to catch my breath and regroup my thoughts

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 :    +14.38 (normal play)
                       :   -£99.00 (EPT satellites)
Black Belt Poker: -$633.88 (-£395.84)
Live play  :  -£40.00

My Pokerstars results consisted of 5x STT of 8 game, with one win and one second place, plus three goes at EPT Satellite for London, so not much to say about that really, sa it’s much as expected

Live play was one £35+5 tourney, in which I bubbled in 8th place - so close but no cigar :)

My BBP results break down as follows:

Cash results (-£390.40 loss overall)
 
NL Holdem ($0.50)  1766 hands   -£364.71
PL Omaha  ($0.20)   780 hands   -£ 70.90
PL Omaha  ($0.50)   685 hands   +£ 45.21

Tournament Results (-£5.46 loss overall)

5x MTT             -£17.66
5x 2 seat STT   +£9.24 
7x 6 seat STT   -£17.75
5x 10 seat STT +£20.71

Reflect

My NL HE cash was obviously where all the money was lost (about 12 buy-ins).   There were around 15 hands where I dropped a half buy-in or more... most of which were not played all that great by me.  There were several where I got rivered, or just cold decked, but in the main was a lack of concentration in these few hands.   Just shows how quickly it can all go south !

I had a similar poor start on my PLO cash at the $0.20 level and got so fed up with the poor play (by my opponents) that seemed to be thwarting me, that having dropped around 3.5 buy-ins decided to move up to $0.50 level.  Although I still saw a fair bit of what I considered poor play, my good hands seemed to be holding up a bit better, ending up around 1 buy in up.    I was still making a few mistakes but never lost more than half a buy-in on one hand :)  

My tournament play was low volume but overall was pretty happy with my results.

Adjust

September will be a slow start for me, as will be away a few days the first couple of weeks.   I am also hoping to play some of the SCOOP games, but been able to start my campaign to satellite in yet, due to the lack of satellite games on offer.. so that may be a distraction for me for the third week.  

Other than that, will try to get more consistent with my cash game, particularly NLHE of course as can’t afford to sustain the losses from August!    

I don't think I need to do much different in my tourney play, except perhaps try and play more STT.     For the cash games, I will stay at $0.50 for PLO next month and see how it goes and maybe drop to 2 tabling NLHE (rather than the 4 tabling I do right now) to see if I can get more consistency.

Hopefully the break will see me come back fit and healthy in mind, body and spirit and own the tables on my return Smile

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
May 2011 results http://sceaga.blogspot.com/2011/06/poker-financial-results-for-may-2011.html
June 2011 results http://sceaga.blogspot.com/2011/06/poker-financial-results-for-june-2011.html
July 2011 results http://sceaga.blogspot.com/2011/07/poker-financial-results-for-july-2011.html

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