Monday, June 03, 2013

Poker: Financial results for May 2013

financialChart

Plan

My monthly targets for May were:
Due to holidays, etc. only played two weeks in May.   My targets will therefore be:
- Play 400 hands of cash on NLHE $1 6-max (Speed) with target of breaking even
- Play 2400 cash hands on PLO $0.50 6-max (Zoom) with target of breaking even
- Play 10 NLHE STT hoping for +10% ROI

Monitor

Overall results for the month:-

Pokerstars      :  -$  479.35
Black Belt Poker:  -$  464.88  (-£304.45)
Live play       :  -£    0.00

Pokerstars results break down as follows:

Cash results ($-387.25 overall)
8 Game    ($2.00)              $ +  4.61 
PLO Zoom  ($0.50)  1638 hands  $ -  5.31
PLO Zoom  ($1.00)   844 hands  $ -386.55

Tournament Results ($-92.10 overall)
SCOOP                      $-90.10
2x  MTT (Passport)         $ -2.00

My SCOOP adventures are summised at http://sceaga.blogspot.co.uk/2013/05/poker-scoop-2013-results.html

8 Game wins/losses by game type for this month (albeit very low volume):
2-7        + 7.02
Limit HE   + 3.56
Omaha HL   + 6.02
Razz       - 4.55
Stud       + 5.77
Stud HL    -24.70
NL HE      +19.65
PLO        - 8.16

BBP results break down as follows:

Cash results (£-286.56 overall)
NLHE Speed  ($1.00)  496 hands  -£278.30
NLHE Speed  ($0.50)  228 hands   +£ 8.26

Tournament Results (-£17.89 overall)
1x   MTT             £  0.00  iPOPS sat
3x   10 seat STT    -£ 11.91  Maui Jackpot
6x    6 seat STT    -£  5.98  Rio Jackpot

Reflect
Although I managed to play the requisite number of PLO hands, I had tried going up to $1 (single table ZOOM).  Sadly this proved to be an expensive experiment.   Although I felt I was playing fairly decent and not making too many mistakes, the swings are obviously magnified, so a couple of bad sessions saw a huge amount of bankroll chewed up.    In the end decided that sticking to $0.50 PLO is probably best for the moment and just try to play better !   The small loss in PLO $0.50 is quite encouraging, however am having 3-4 buy-in swings so is a bit scary at times....

My NLHE at $1 wasn't going great, so decided to drop back down to $0.50 until my bankroll recovers (assuming it does...)   Although some of the buy-in drops have been flips, I still make the odd mistake that costs dear, so have to do more studying of my results to work out what I can do to fix this habit.

June Targets
- Play 1600 hands of cash on NLHE $0.50 6-max (2 table Speed) with target of breaking even
- Play 6400 cash hands on PLO $0.50 6-max (2 table Zoom) with target of breaking even
- Play 20 NLHE STT hoping for +10% ROI

Should be back to a more normal schedule for June, and with dropping down in stakes should also be able to play more confidently. 

Strategic Objectives
*  Keep to Poker Plan
OK this month.
*  Focus on less variants of cash games
So far, so good.
*  Break even on all cash games
Not consistent enough yet, but getting there
*  Fiddle around less with MTT/STT variants, concentrate on NLHE and 8 Game
Achieved this month, apart from getting side tracked by holidays and SCOOP !

References
January 2013 http://sceaga.blogspot.co.uk/2013/01/poker-financial-results-for-january-2013.html
February 2013 http://sceaga.blogspot.co.uk/2013/03/poker-financial-results-for-february.html
March 2013 http://sceaga.blogspot.co.uk/2013/03/poker-financial-results-for-march-2013.html
April 2013 Cash Challenge http://www.blackbeltpoker.com/blogs/read/4020786/sceaga/First-month-results/
April 2013 http://sceaga.blogspot.co.uk/2013/05/poker-financial-results-for-april-2013.html