Mike's Blog: Poker: Financial results for October 2012

Plan

My monthly targets are:
- Play 600 hands of cash on NLHE $0.50 Full Ring or 6-max, 600 cash hands on PLO $0.50 6-max, all with target of breaking even
- Play 20 NLHE STT hoping for +10% ROI

Monitor

Overall results for the month:-

Pokerstars : -$ 99.74
Black Belt Poker: -$ 522.15 (-£323.12)
Live play : -£ 40.00

I only managed a couple of 8 game cash sessions on Pokerstars, with result of -$31.34. I dropped about $70 on one NLHE hand, which was a correct call but didn't give me the result I wanted. That one hand defined my months result on Pokerstars really. My other activities were to spend $49.50 trying to qualify for PCA (but not got anywhere near :( ) Also played a two low stakes 5 draw and a PLO MTT which along with one 8 game STT account for the rest of the losses.

8 Game wins/losses by game type for October:
2-7        +13.93
Limit HE   - 5.99
Omaha HL   -15.92
Razz       - 8.86
Stud       +11.96
Stud HL    + 0.26
NL HE      -70.01
PLO        +43.29

BBP results break down as follows:

Cash results (-£386.41 overall)
NLHE Speed ($0.20) 441 hands   -£21.41
NLHE 6-Max ($0.50) 837 hands -£365.10
NLHE FR     ($0.50)   74 hands    +£6.84
PLO         ($0.50) 652 hands   -£16.24
PLO8        ($0.50) 105 hands   -£27.18
PLO8        ($1.00)   23 hands   +£36.68

Tournament Results (+£63.29 overall)
7x MTT           +£71.38
1x   2 seat STT   -£13.14
12x   6 seat STT    -£3.64
6x 10 seat STT    +£8.69

Reflect
Not a huge amount of volume on Stars, so fairly content with the results. I'll be having a bit of a rest from EPT satallittes for a while and hope to get more volume on 8 Cash with my new schedule

Black Belt cash games are fewer and tougher it seems, I literally cannot get a Full Ring NLHE game now. It seems partly down to the iPoker2 split and partly down to the rise of Speed poker. This meant that I switched to 6-max NLHE and got severely pwned every session I played. I also dabbled in Speed poker and have got used to that format a bit more now. You can certainly rattle through the hands, so is something I think I will play more of. My PLO and PLO8 cash results are about what I would expect. It's very difficult to get a game of PLO8 at $0.20 or $0.50, which is why I played a session of $1, but hope to stick to the lower stakes really.

The BBP tournament results were saved by my win in the BBP league, although the other games I'm fairly happy with. The STT table volume is certainly lower at $20-$50 buy-in levels, so am back to playing mainly $10 games.

Adjust

For Pokerstars, with my new Poker schedule I hope to get to play more 8 Game cash, as it's something I really enjoy.. and normally do OK at!

With BBP, I need to drop down when playing 6-max NLHE and play a bit more Speed Poker as well.

Targets

* Keep to my revised Poker Plan
Surpassed Cash games hand targets in October

* Play BBP London Live and UKIPT Brighton tournaments
Played two BBP Live events this year

* Aim for break even month on month on all cash tables
NLHE near enough but for 6-max result, PLO OK apart from the odd poor month, PLO8 looking a bit better

* Use learning tools and resources to learn and improve my NLHE, Omaha and PLO8 cash and tournament play
Am putting in the effort to do some learning.

* Avoid entering any BBP grading process !
Managed it this month :)

* Win a BBP league :-)
Won the 2nd leg of the new league, so a step in the right direction

Mike's Blog

Thursday, November 01, 2012

Poker: Financial results for October 2012

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