Tuesday, November 01, 2011

Poker: Financial results for October 2011

financialChart

September was a bit of a wake up call for me, and although variance doubtless plays some role, I really needed to do something to get out of my losing mind set.

October was my fresh start with an updated plan and new optimistic outlook on my Poker life, so how did it turn out ?

Plan

My monthly targets are:
- Play 700 hands of cash on NLHE $0.50 Full Ring,  700 cash hands on PLO $0.50 6-max and 350 hands PLO8 $0.50 6-max, all with profit target of 2 BB per hour. 
- Play 20 STT hoping for 10% ROI (around $20 per month)

Monitor

Overall results for the month are:

Pokerstars            :    +$58.40    (£36.42)
Black Belt Poker : –$473.96  (£295.56)
Live Play               :                       +£297.80

Pokerstars was quite interesting, as apart from my normal 6x 8 Game STT games which netted a profit of $12.85, I also started playing $1/$2 8 game cash as part of my normal monthly routine as well.   Three cash sessions were all in profit, adding $45.55 to my profit for the month !    I am pretty happy with my 8 game results, so will certainly be continuing STT and Cash sessions going forward.

My live game was my normal monthly visit to the £35+5 NLHE freezeout.   It was fairly poor start, but with my luck changing after the first break, played solidly to take the win and get a great return on my investment

Sadly my live win was cancelled out by my poor results with BBP, which break down as:

Cash Results (-£234.50 loss overall)

NLHE ($0.50)  939 hands -£12.93
PL Omaha ($0.50) 858 hands  -£16.37
PL Omaha HL ($0.50) 241 hands –£101.41
PL Omaha HL ($1.00) 270 hands -£103.79

Tournament Results (-£61.06 loss overall)

6x  MTT   +£0.35
10x  2 seat STT  -£43.36
11x 6 seat STT +£20.37
13x 10 seat STT –£38.42

Reflect

My NLHE and PLO cash results are fairly pleasing, in that I only dropped about 1/2 of a buy-in for each, which is a definite improvement Smile   

The PLO8 cash games have been fairly brutal, in that I was getting rivered, making bad decisions and had a £160 swing in one hand when was all-in with 90% to scoop on the flop and  turn!   Overall my play was no more than OK and need to improve both my starting hand requirements and also my river play.   I have been playing $1 due to lack of games at$0.50 level when I wanted them,   but am not sure it’s such a good idea.  The level of play is not much different, but making a mistake costs twice as much !   Will try to curtail the $1 games going forward I think…

I’m content with my play in the STT/MTT although did have one off day where I felt I was not playing my best (so had an early finish that night!).   I was also a little disappointed to min-cash 8th place out of 51 player MTT, managing to get taken out after defending my BB against aggressive chip leader.  In hindsight, I should’ve just  shoved my Q-Ts if I was gonna play it, although he might still have called with his K-6o Smile  (he flopped 2 pr  obv.)

Adjust

For November I will carry on as is with my tournaments and the NLHE and PLO cash games as they seem to be going in roughly the right direction.   I will play a bit less PLO8 cash though, and stick to $0.50 level for sure!

There shouldn’t be any distractions during November, so hope I will be reflecting on steady and profitable results at the end of the month 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
August 2011 results http://sceaga.blogspot.com/2011/08/poker-financial-results-for-august-2011.html
September 2011 results http://sceaga.blogspot.com/2011/09/poker-financial-results-for-september.html

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