Friday, September 30, 2011

Poker: Financial results for September 2011

financialChart

If I thought August was a bad month, then it was nothing compared to September :(  Even worse, I was on holiday for the first two weeks so didn’t play !!)

Oh well, writing about it is very therapeutic and hope reviewing the numbers will encourage me to do better next month.  

Being quarter end, I will also do a summary of my year to date, after the September numbers....


Plan

My monthly targets are:
- Play 1000 hands of cash on NLHE $0.50 and 1000 cash hands on PLO $0.50 (all 6-max) with profit target of 2 BB per hour.   Changed my targets slightly, but this may change again next month!
- Play 20 STT hoping for 10% ROI (around $20 per month)

Monitor

Overall results for the month:-

Pokerstars      :   +58.29 (normal play)
                            :  -£66.00 (EPT satellites)
Black Belt Poker  : -$727.28 (-£465.08)
Live play       :     0.00

My Pokerstars results consisted of 4x STT of 8 game and with only one win, dropped $25.81.  Also played three cash sessions of 8 game, doing a lot better as all three sessions were positive, giving me $84.10 profit.   Finally I had two more tries at EPT Satellite for London, getting no-where.

Live play was nothing this month, so that'll count as break even then :)

My BBP results break down as follows:

Cash results (-£366.78 loss overall)
 
NL Hold' em   ($0.50)  1390 hands   -£ 233.58
PL Omaha    ($0.50)   637 hands   -£  78.76
PL Omaha HL ($1.00)    34 hands   -£  54.44

Tournament Results (-£98.30 loss overall)

5x MTT          -£ 31.66
4x 2 seat STT   -£ 21.37
9x 6 seat STT   -£ 10.24
2x 10 seat STT  -£ 35.03

Reflect

I have been dropping far too much in NL HE cash than am comfortable with, so something has to change there.  Certainly had a couple of session where I played really poorly after getting frustrated/tilted, etc. but actually the recent sessions I am pretty happy with my play!   In the main there has been only 1 or 2 really poor reads per session, with the normal amount of bad beats, etc :)  

I switched to PLO $0.50 as was similarly frustrated at the poor play at lower levels.   Moving up has also made me think more about committing to a pot as it represents a more significant amount of money.   At just over two buy-ins, I'm disappointed but not too much with my PLO result.  Am sure I can pick up my game (and results) at this level.

The PLO8 $1 session was a mistake really, I was steaming a bit and decided to play something different rather than switch off the laptop!!   In two of the 34 hands I made terrible calls and dropped a load, so not very happy with that diversion :(  Will simply need to keep discipline to avoid this sort of thing in future.

My tournament play was low volume but overall was pretty happy with my play, if not the results :)    Bit frustrated to not get more games in.

Adjust

I used the word "frustrated" a lot in my reflection, which sums up my month and my results.   I need to get my head in gear and keep my focus for sure as need to play confidently and with positive attitude.    I am wondering what best to do about my cash losses recently, but will do a separate update about my thoughts and decision (as I haven't thought or decided yet :) )


Year to date results for Black Belt Poker

For Jan-Sep 2011, my results are:-

Total loss  : -£871.42

Cash results (-£1154.42 loss overall)
 
NL Hold' em   ($0.50)  9562 hands   -£514.19
NL Hold' em   ($1.00)   867 hands   -£223.48
PL Omaha    ($0.20)  5685 hands   -£212.42
PL Omaha    ($0.50)  1322 hands   -£ 33.55
PL Omaha HL ($0.20)  1510 hands   -£116.34
PL Omaha HL ($1.00)    34 hands   -£ 54.44

Tournament Results (+£283.00 profit overall)

77x MTT          +£328.71
64x 2 seat STT   -£ 35.13
74x 6 seat STT   -£ 87.84
3x other STT    -£ 39.10
67x 10 seat STT  +£116.36


So what does this all mean... well it tells me maybe I should stop playing Cash games :)   The last couple of months have been exceptionally bad but still do think my cash game is improving, so although I have to do something, just need to decide what to do.     My PLO $0.50 is actually a lot better than I thought it was going to be, especially compared to my $0.20 results, so maybe that's something to think about some more.

My MTT and 10 seater STT are my bread and butter, but the higher volume 2 seat and 6 seaters are not that far off the money... couple more cashes would have seen me break even.   Overall I am actually pretty content with my tournament play.

I have a few days to plan out what October and beyond will bring, but will certainly be looking for better profitability in the near future


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
August 2011 results http://sceaga.blogspot.com/2011/08/poker-financial-results-for-august-2011.html

1 comment:

Anonymous said...

Doing well... Bigger sample bigger losses... Maybe by the end of the year you will get that you are better grinder on roulette or lottery then... Obviously Channing will find explanation way you are doing so well but still losing. Keep on good work!