Monday, May 15, 2017

FlushhDraw Is Back

I have been dealing with some personal issues that had put me in a very dark place in my life. I will not go into too many details about it, but I seemed to enter a pretty serious depression beginning in March. I believe the cause was two significant birthdays in March one my wife and the other a former fiance both of whom have passed away and I think it completely overloaded me. 

During this time a lot of things were happening the least of which I stopped eating for the most part. I talked myself into the fact I was simply on a weight loss plan since I suffer from a weight issue and have all my life, but it had unfortunate results. After a couple of weeks of 500 calories a day or less, I ended up being taken by ambulance outside of Harrah's to a hospital where I was diagnosed with tachycardia, dehydration, dizziness, disorientation, a blood pressure that went from 80 over 62 to 160 over 120 within the space of less than 7 minutes, renal and kidney failure and according to the doctor it was because of the so called weight loss program I was attempting to make part of my everyday life. It was either the depression, part of an eating disorder that I've suffered from for over 20 years that shows its face from time to time, or maybe both. 

I was so out of it that even poker didn't hold its passion for me during this time. This thing really had a hold on me.  Three specific people did their best to help me overcome this each in their own way and to them I want to say thank you so very much about caring about me.  This goes to Joe (@ManInBlack)......... Michelle (@9ontheturn)......... and Alysia Chang (@onechiquita)  I know thank you is not sufficient enough, but it's all I have to offer.  You three are what makes this world a great place to live in.

Depression can be a very rough thing, but I'm here to tell you that I am back and I am back grinding on ACR.  I'm also back with a very small bankroll, but I'm just going to have to deal with that. Small bankroll or not I am ready to grind and have been for the last 6 of 7 days.  Because of a friend on Twitter during the past week I was able to do two player to player transfer for $50 and $20.  I'm not sure if the person wants me to  mention who they are so I will withhold that information and respect their privacy in case they do not, but suffice it to say this person sent me $50 and $20 on ACR and I sent them the equivalent on PayPal so I started the month of May on ACR with $70. It's not a lot of money but if anybody can work it up from a low amount I know I'm the guy that can do it.

Starting back up on ACR with only $70 and only playing only $1.10 & $2.20 tournaments where payouts up top are only $20 or $30 is not easy. Everything in me wants to be playing in these $3.30 and $5.50 $500, $1,000, $1500 and higher Gtd's so bad I can taste it, but discipline must be maintained.  So why ACR and not WSOP??  The bottom line is I don't trust that site anymore. I will not go into details about it because quite frankly I really don't feel like putting up with the harassment about it, but the bottom line is if I don't trust something I'm not playing on it, I'm not putting up hard cash on it, and I will leave it at that. Not to mention ACR is definitely the place for a tournament player. Do I like three hour and five hour late registrations of course not, but with the guarantees that they have over here I'm going to have to put up with these inconveniences.

There are different examples of good news/bad news when it comes to tournaments on ACR. The good news is they pay out more spots in their tournaments. The bad news is they pay out more spots in their tournaments. Yes, it's easier to make the money, but it reduces the amount that can be won so in the long run I have no idea what kind of an ROI I'm going to have.  The good news is your opponent cannot see your mucked cards on ACR  The bad news is you can not see your opponents mucked cards on ACR.  The good news is ACR has a variety of tournament structures. The bad news is ACR has a variety of tournament structures. You may have a specific structure that works best for your game, but unfortunately it is not uniform throughout all their tournaments so you need to know just what kind of structure the tournament you're playing in may have. Doing a little research I have broken it down to certain categories of tournaments. These examples we are going to look at I'm using the blind levels of 1000/2000 and 5000/10,000 as the determining points, what level they occur, and how many hours and minutes of gameplay has elapsed when you hit that particular level. Listed below are just two examples although there are more different examples.


10 Minute Blinds

Category 1
1k/2k:  Level 19:  3:00
5k/10k:  Level 27:  4:20


Category 2
1k/2k:  Level 23:  3:40
5k/10k:  Level 35:  5:40



As you can see with just the two examples that I posted there is a significant difference especially when you're talking about the higher blind level of 5k/10k.  Between the two different tournament structures you're talking a full hour and 20 minutes in difference before arriving at 5k/10k and depending on the playing  style that can make a significant difference as well, but then again it might not. The only way to know for sure is to document how I do in each category of tournament and I'm going to attempt to keep track of that over the right side of this blog. The results may surprise me, they may not, only time will tell.
 
The goal is the same that it always has been....... live play.  At ACR however, withdrawals are just a little bit different. I mean after all it is an offshore site so that is to be expected. The easiest way for me to get my withdrawal is via  MoneyGram, but ACR will charge me depending on the amount roughly 12% for a withdraw. I know there is also Bitcoin available but it is not something that I want to trust with what to me are moderate sums of money so I am more than willing to pay the 12%.  If I take out $705 it's going to cost me a $95 fee. Before everyone starts screaming at me at how crazy it is, because of the added advantage of the great tournament selection, I am more than willing to do this so what I'm thinking is the best approach is to run this balance up to $1,200 withdraw $805 so that I'll have about 10 buyins at the Golden Nugget for the $70 tournaments wirh the remainder of the withdrawal for expenses and this will still leave $300 online to grind up again and again and again if necessary. So my goal currently and for the future should stay at $1,200.

So as of this posting I was getting ready for another Manic Monday which on Mondays they offer some very inexpensive tournaments for some very high guaranteed prize pools. I had played Monday through Saturday although Friday I only played one tournament and I took Sunday off. I wish there was some major major advances to report but that's not the case. During the 1st week I took that $70 plus an extra $0.11 that I found I had in my rakeback account because that's another advantage to ACR as I am getting 27% rakeback, but I took that $70.11 start and going into today had $93.51 in the ome bankroll. $15.90 was won at the online tables over $19 of that in 52 MTTs played as there was also ($3.60) in losses at SNGs. That was just something that I wanted to test out, but quickly realize not something that I am going to continue on with I just cannot stand the starting stack sizes of 1500 chips.  So $15.90 in profit at the tables, another $1.50 in rakeback and $6 in bonuses starts me off today with $93.51.




 

I know the payoffs that I'm going to be getting right now are laughable so feel free to laugh about them but slow and steady is going to win this race I plan on doing what I have to do now that I'm back to my old self again and grind grind grind his top priority.  As far as a bankroll management system that I will be using since my goal is $1,200 at a time so that I can withdraw and play live, I'm going to be utilizing a somewhat aggressive approach. I'm going with an approach of 60 buyins of the highest price tournament I want to play during the day.  So for me to play the $3.30 tournaments I need roughly in the neighborhood of $200 in my bankroll. It basically works out to the same as having 100 average buyins, but instead of having to add up all my buyins for the day, divide that by the number that will be played and then multiply that by 100 on a daily basis, I'll just utilize the 60 buyin rule for myself as it pretty much comes out to be the exact same thing and the math of it is a lot easier and a lot faster.

Well, that's a wrap for today. As of right now total online earnings for this year are $544.25. I've lost $276 playing live so far and the main reason for that is because I'm just playing one here and there and not able to string a few playing sessions together so that is why I am going to wait until the bankroll is at $1,200 and then withdraw $705 because I think it'll give me a potential earnings advantage if I can string at least six to eight live playing opportunities together. This year there have been nearly $175 in withdraws, but it was needed for living expenses like keeping food in the house not just an excuse to go out and have fun so with that I am very satisfied if not happy about the fact that I had to do the withdraws. I'm not going to try to pay it back, it simply is what it is I may be able to pay back a little here and there but it's not something I'm going to focus on. Either way I am back and I am grinding and I've got that fire back within me. So until next time, take care everyone, and I'll see you at the tables.


Bankroll:  $93.51
Goal:  $1200
Progress:  7.8%



Sunday, April 9, 2017

Switched To ACR

I decided to make the switch over to America's Cardroom also better known as ACR . I and many other solid regular players had been noticing and outright voicing concerns over situations at WSOP.  Because of this and other reasons I decided to make the switch over to ACR which is something I had spoken with certain friends months ago about doing even though it is an offshore site simply because of the huge selection of tournaments that ACR offers, the much larger player pool, and now that I've been on there for over a week, I am kicking myself that I didn't make the move months ago.
It really is tournament heaven on this site. $500, $1,000, and $1,500 prize pools for tournaments costing $2.20 and $3.30 or even less as on Mondays a $1000 guaranteed No Limit Hold'em tournament for a $0.55.  However, it is an offshore site and there are inherent risks with offshore sites as we all know from the Full Tilt Poker, Ultimate Poker, and Absolute poker past examples, and so therefore I am going to be very careful about how much money I invest and keep online. It is better to be safe than sorry.

I ended up making $585.74 on WSOP and losses of $246 playing live so far this year for total earnings for 2017 of $339.74.  Withdraws of $219.74 and I am not going to attempt to pay that back. The withdraws were not for just going out and having fun like I did far too much in 2016 instead they were for needed expenditures like food for the house so that left a grand total available of $120 which I put on ACR.  Along with the 100% first deposit bonus, I am also entitled to four $250 freerolls, one is held each Saturday evening and hopefully I will be able to make a few bucks from that. Also at the time that I did this first deposit I also was entitled to an additional bonus where you click on a card and it randomly spins out $2 to $6 that is added to my poker account each day for I think it's 20 days.
As for the tournaments on ACR I have never in my life seen such bad poker players. I mean I haven't seen people like this since the PokerStars days. It is extremely frustrating when they suck out on you, but I have no doubt that there is money to be made here. The only problem is you are facing far more opponents in these guaranteed tournaments than I was on WSOP, but combine the lower cost for the guarantees and the fact that ACR pays out 15% to 20% of the field, I believe that this is definitely going to be a money-making proposition.  As I said I'm going to limit how much I keep on site and the fact of the matter is I am utilizing online simply to get me buyins for live tournaments at the Golden Nugget. Therefore, for right now at least until I feel more comfortable about things, I will be setting my maximum buy-ins at $3.30. My base amount that I will keep on this site will be $300 and every $200 that is earned over that amount will be withdrawn for live play. Online is simply a means to an end. 

Well that's going to wrap this one up. I'm not really utilizing any specific bankroll management plan.  Im5 playing tournaments from $0.50 to $3.30. I've made a few dollars so far but nothing spectacular on ACR because I haven't had any of those deep deep runs in any of the larger guarantee tournaments so for now I just keep chipping away towards $500 and my first $200 withdrawal. Until next time take care everyone and I'll see you at the tables.

Bankroll:  $146.49


Wednesday, March 22, 2017

Where The Money Is

For nearly three months now I have been grinding tournaments online and averaging about $225 in earnings a month. However the live tournament play seems so far off in the distance and while I am a good tournament player with the buyins that I am forced to play online and quite frankly with the amount of money being invested on a daily basis it seems that this is not where the money is and I need to be doing whatever it takes to get me into these live tournaments as fast as possible and that means I need to be playing where the money is.

As much as I hate the thought of this the fact of the matter is I can make more month by month on average grinding the online $10 and $20 No Limit cash games then I can grinding the tournaments in the buyins that I am forced to play at this point. $500 minimum a month is a realistic possibility grinding the cash games and furthermore with a lot less risk to the bankroll. If you figure worst case scenario is I may lose for a 5 buyins in a single day that's %m $40 or $50 compared to some days where my tournament buy-ins are over $100 a day. 

Quite frankly I'm getting tired of having to grind online day in and day out and day in and day out when my real life is outside of this house, my real life is in casinos playing live tournaments, that's where my true destiny lies, but it's hard to achieve destiny with lack of capital. Furthermore I want to be playing live tournaments at least a few times a month  to start out with anyway and not having to wait for $2,000 or $3,000 to be able to do it  so therefore, and I can't even believe I'm about to say this because the thought of doing this is about as appealing as a tooth extraction, but if it's going to get me to where I want to be then I'll do whatever I have to and henceforth beginning today Tuesday March 21st 2017, yours truly FlushhDraw, is on a full-time online cash game grind.

It's a whole new ballgame folks and it does not come without certain issues like the fact that cash games online in 2016 were a freakin disaster. Like the fact that I believe cash games have more variance in them then tournaments. Like the fact that I have never proven myself successful in this particular form of poker so why should anyone expect me to be successful now. However, if I can prove myself successful in this I will be able to be playing my live tournaments a half a dozen times a month to start out with because I plan on keeping $500 online and every time I am  $70 above that $500 I will be withdrawing it and headed down to the Golden Nugget for a $70 tournament which generally pay about $600 up top. The first time I bink one of those all of a sudden instead of it being a one shot deal I'm going to have eight or nine more opportunities to keep trying them and and cashing in one or two over the course of those eight or nine following attempts creates more and more opportunities.

Obviously this is a whole new plan and while I have been criticized in the past for changing my plans the way I look at it is you try something if it doesn't work or doesn't work good enough two individual satisfaction, then you try something else and the more you try different things sooner or later you're going to stumble onto one that is perfect for you as an individual. This particular approach has many advantages. The least of which is It gets me in more live tournaments while at the same time always maintaining a 40+ buyin online cash game bankroll and it gets me in the live tournaments much faster even if they are going to be sporadic at first, which gets me out of the house which will thrill my doctors no end, and it will allow me to enjoy my life just a little bit more instead of waking up every morning and saying oh God I got to play online yet again. I think I'm starting to get burnt out by the long hours because my goal seems so far away, but by going about it in this way those goals can be achieved so much faster. It may be sporadic at first and that's okay because when you see even the smallest glimpse of light at the end of the tunnel you're going to run towards it.
I made a withdrawal of over $300 and went out and had a day out yesterday played a couple of tournaments played a little $2/$4 limit however I was not successful. I left $200 online to start the cash game grind and in approximately two weeks another $200 will hopefully be able to be added to this creating that initial $400 cash grinding bankroll so that means I only have to earn $170 at these stupid cash games and my first $70 tournament under this plan.

I am definitely a man alone as as I have become used to people automatically assuming I'm going to fail especially when I step up things and take an aggressive approach. Whether it be strangers or friends the only one that seems to believe in me is me and that's okay because I'm going to be able to show my detractors that even though it took me a few different plans to stumble on the right one that eventually I did get it right and before long I'm going to be sitting across the table from guys like Jeff Boski in tournaments with $10,000 on the line up top. My day is coming I have no doubt about, but in the meantime I'm going to do what I want, how I want, and I will be successful, and I will do it my way. I think that is probably my main theme song in life.



So I suppose the immediate question would be exactly what am I expecting from this cash game grind. I said previously that I think $500 a month can easily be expected. A good player should be able to hit 10 big blinds per 100 hands and I figure grinding 12 hours a day I'll get over 2000 hands played so even if my earn rate is less than that $500 should still be within my range.  On average I'm figuring $20 a day, just 20 little dollars. I don't even want to think about what that comes out to hourly so please no one bother telling me lol, the only thing I'm thinking about is getting to $70 above the $500 bankroll level, then  every 5 days on average over the long term I have the opportunity to play a $70 tournament at the Golden Nugget. That $20 a day and those Golden Nugget tournaments is my soul focus, but only if I can prove that I can actually win playing cash games. After 2016 there is no way in the world I expect anyone to believe I will be successful at this. I certainly did not prove myself last year but I damn well plan on proving myself this year.  I will admit to a certain degree I have a certain amount of pride on the line in this one come but more than anything I see the extra dollars that can be earned and that's what I'm after.

The first day of this started out horrendous, but what the hell would I expect, this is me we're talking about. I hate cash games with a passion due to the variance. Dollar-for-dollar and buyin for buyin cash games must have 300% more variance than the tournaments will ever hope to and it was no different for me starting out today. 900 hands and down $30 three full buyins. Especially after 2016 I'm a little bit paranoid when I'm taking losses so I immediately went over my hands right in the middle of this session to make sure it wasn't my fault per se. I had a full house on three different occasions and lost every one,  I flopped trips twice and lost, and had a straight and lost. These pleasantries added up to two-and-a-half buy-ins of the loss. I was also running pretty card bad as draw after draw after draw just absolutely went nowhere so although I was down $30 at least I knew it wasn't from any errors or mistakes that I had made just the higher variance of cash games over tournaments in general.

After 1350 hands were played I found myself down $18 a nice little comeback do two specific hands that happened back to back on the same table.






1570 hands and and I'm now down only $10 one little buyin because it took over 1500 hands for me to flop a set. If I had flopped a set previously nothing happened past the Flop and I really don't recall flopping a set before this specific one it was nice to get paid off on it and best of all this guy called a flop raise, a turn pot bet, and a 3/4 riverbed with top pair age kicker. Needless to say a note was written down on this particular player. Game over 1500 hands before it gets paid off, talk about running like ice.





Just over 800 hands later I ended the 12 hour session and over the final 800 hands it was dead on break even just about. 2374 hands place an overall loss of $10.19 less a dollar I got in rakeback. A lousy way to start this adventure off, but it's a damn sight better than being down $30 that I was. Today is another day and hopefully if I don't necessarily run hot I just run to expectation. Full houses not getting beat would be a great start.  

Well that's going to wrap this entry up. Let it be clearly understood that I am not doing this because I like it. I am doing this solely for the earnings potential. Overall tournaments for the first three months of the year I ran above 60% ROI, but the amount of the buy-ins just do not and will not produce the money potential available in these $10 No Limit cash games. I'm not doing this because I want to, but as my favorite departed Uncle used to say "Money talks and bullshit walks." Take care everyone and I'll see you at the tables.

 

Friday, March 17, 2017

Breaking Point

March has been rough. In the first 84 Holdem tournaments that I have played on my own dime and on a half stake during the month of March as of the end of play on Sunday March 12th I had no less than 22 different instances of major coolers. These are a QQ running into KK and AA, AQ and AJ running into AK, 99 or TT running into JJ or QQ, I am sure you know exactly what I'm talking about. In those 84 tournaments I also had instances where I was beat by a 2 or 3 outer on 12 separate occasions, and I lost with three of a kind or a flopped set 7 times. I have been knocked out of a tournament or crippled so bad that it really didn't matter with the hands of AA, KK, QQ, JJ, AK, and AQ 25 times in 84 tournaments played. 

As bad as it's been, Monday the 13th topped it all.  AA cracked by A4o and out, I get knocked out of another with my AK vs AJ.  in yet another tournament I finish on the bubble when my QQ gets beat and then in the 7:30 p.m. $800 Gtd I get knocked out of another with QQ leaving me with less than 10 big blinds. Somehow I'm able to build it back up and later on get involved in a three-way all-in pre-flop when I have AA vs 99 vs TT and I lose to both of the hands. The 99 flopped a set the TT ends up going runner runner straight and I was out of the 7:30 as well.  I hit the fkn roof. 

I was livid. Losing tournaments is one thing, but losing with what I have lost with this month is outright fkn ridiculous. I withdrew the entire remaining balance of $526 that I had online at that point.  To hell with it, let's give the live tournaments a run for the money. 10 buyins at Sam's Town, $100 on the side for expenses, let's go for the gold or go for broke.  I texted my buddy MIB to let him know what was happening expecting him to simply wish me luck in my endeavor.  As a friend I would expect him to hope that I would be successful, but instead what do I get from this friend...... I get a lot of bullshit facts and figures.  I get him having me calculate not just the 2 for 40 run I waa having this month at that point in the $3 deepstack rebuys, but instead calculate the whole thing for the year, and when I did, it showed me that even as bad as I have run in that particular tournament in March  I still am holding a 69% ROI overall in that specific tournament after 154 played. I really didn't need this kind of crap from him, being logical, being the voice of reason, forcing actual numbers in my face, how dare he lol. I simply needed my friend too wish the best for me and naturally agree with me of course, but no I didn't get that. Instead I get reasonableness, logic, and, calm assessment. That's not what I wanted from him, I reiterate, how dare he lol. 

It took him nearly 2 hours over the phone to calm me down. He told me he completely understood and that it was obvious the bubble finish and 7:30pm tournament was just simply a breaking point for me and I was steaming and if I insisted on doing my plan he definitely was hoping for the best for me but for some reason he wanted to keep inserting logic and reasonability into this conversation which was the last thing in the world I wanted to hear, but whether it's fortunately or unfortunately, he was successful in his task and I reversed the withdrawal.  

I only played three tournaments the following day with one 7th place finish. I withdrew $150 and then spent the next couple of days over my friends Michelle house. Definitely needed to get at least one live tournament in and I played to the shovefest donkfest $50 tournament over at the Golden Nugget. MIB decided he wanted in on half the action and away I went. 25 entrants only the top three were getting paid and unfortunately I finished in 6th, but damn I enjoyed playing in that live tournament so damn much. It may have been a good thing or it may have been a bad thing because it's just got me more and more determined to get off of the full time online grind and mix in some live tournaments with it.  It's like a never-ending craving. Give me live tournaments are like crack and just like the drug also takes is one time to get you hooked and believe me ladies and gentlemen I was hooked on live tournament play years ago. 

I may have reversed that largeish withdraw but playing at The Golden Nugget just enhanced that never-ending craving and to that end I am taking immediate steps to get off of this full time online grind as fast as possible. To hell with waiting, but even I understand that I do need to have some backup money so effective immediately not only has my online bankroll approach just changed, but the monetary goal has been significantly decreased.

Online Bankroll:  $1,000
Aria:  $500
Golden Nugget:  $280
Expenses:  $220

All I need to do is get to $2,000 in earnings so I can get the hell away from this computer and out in the real world for at least a 4-day try. Unfortunately till I get there I will keep grinding, but a significantly different approach. I'm setting my low point bankroll of $500 which means below $500 it's only $3 deepstack rebuys and nothing else, but a bankroll of $500 and above and I'm dabbling in $20 tournaments maybe I can only do it for a day here and there maybe the bankroll will fluctuate from above $500 to below $500 to back up, but I am not sitting back waiting for thousand dollars before I start playing these $20 tournaments because just a couple deep runs in his these will Skyrocket tbe situation. For the rest of March MIB and I being I are involved in another half action stake agreement with me playing the $20 deepstack freezeouts each day. $160 is the cost for each of us so let's see how we roll in these the rest of the month. 

So I went in for the laser eye surgery and lo and behold contrary to the information I was given when the appointment was made they refused to do both eyes at the same time. So we started with the right eye, did that one, and I'll have to have the left eye done in 2 weeks.  He warned me I would have blurry vision for 20 minutes, he told me that's because of the dilation that would be an issue, but what he didn't tell me and to wit why I had visions and fantasies of committing a freaking homicide, was that my eye would water almost non- stop for two straight hours. Grrrrrrr!!

After 4 hours my eyes return back to normal or at least what was normal for me. The doctor that I'm dealing with was actually very nice all during the procedure which was a far cry from what he was during the initial consultation.  Granted he's an eye doctor, but the man had all the patience, understanding, and consideration of a spitting cobra during that initial visit so the change in his overall attitude was definitely a pleasant surprise. I do try to be understanding about these things and maybe he was just having a bad day that first time it happens to us all.  So in two weeks I will get the left eye done and then I can put this behind me and just go on and continue to enjoy life and seeing this beautiful world and every bit of beauty, enchantment, and mystery it has to offer.

That's a wrap up for now. Yesterday I played just a couple of tournaments not counting the $20  deepstack that's part of the half  action stake and I finished 6th in one of them for a $41 return so nothing significant. Today will be my first full day schedule in several days and I have dropped the 6-max tournaments that I've been playing. I don't feel they are in my wheelhouse although I did retire them with a small profit. I've added the $2 rebuy back in after looking over PokerProLabs and finding that when I used to play it I went 3 out of 10 so not quite sure why I stopped comma but knowing me probably because of the smallish payouts for first place in the $50 to $70 range, but at 11 o'clock in the morning I'm not doing much else anyway so I might as well throw it in. Until next time take care everyone and I'll see you at the tables.

Bankroll:  $657.47
Goal:  $2000
Progress:  33%

 
 

Monday, March 6, 2017

An Rough Start To March

March has been an absolutely horrendous start, but fortunately I still found myself at that particular moment with a bankroll of over $600, all earnings, and still well in the game. The first 5 days and into the 6th day of March seems to be cooler, after cooler, after cooler. Set over set, AK into AQ and they flop the three ooter,  AA or KK versus QQ and they flop or river the queen, or I'm all- in preflop because of stack size compared to blinds and come up with a decent AJ or AQ hand for shoving and run into AA, KK, or AK. It's been these kinds of coolers  that has been constant and prevalent for the month of March.

So going into today my own dime tournaments I was down ($11). Half action Stakes I was down ($119).  My bankroll stipulations only allow me to play up to $10 buyin tournaments with just a few exceptions, so MIB buys half action in the $20 tournaments  which keeps my cost at $10 and his cost the same, but I have not done well. Going into today we decided to do another half action stake on the 11 a.m. Golden Nugget tournament, but the cooler continued and I ran JJ into QQ all-in preflop. So much for that and my stake earnings were now a loss of $154.47 for the month.

I've been through cold runs before and I will go to them again and no matter what the law says that I was showing  I am  very very confident and 99% assured that I will be showing a profit by the end of the month, but it is still very frustrating to have to try to work through these things. I got back in time for the $5 deepstack rebuy 6 Max and would be playing that plus two of the $3 deepstack rebuys, and the $10 PLO reentry 6-max if the latter went off.

So as I hit the online tables I could only hope that this would be the day where the coolers came to an end. I wasn't necessarily looking for heaters, although those would have been nice, I was just looking to avoid disasters within tournaments and a steady increase in my chips back throughout the entire tournament would be more than pleasant enough. After all the bands was considered I was in the red for ($194) for the month of March.

Out early in the 730pm $3 Deepstack Rebuy when I ran into a set over set situation. The 4pm $3 Deepstack Rebuy and $10 PLO Deepstack Reentry went nowhere, but the 315pm $5 Deepstack Rebuy 6 Max I ran quite deep in and in fact something happened when we were down to the final 4 that could have been helpful or disastrous.

We have 4 left and lo and behold I spilled an entire large glass of chocolate milk on my bed. What a mess. By the time I got the mattress cover and body pillow on the floor so I could take it down to the washing machine I came back and I was heads up with 4,000 chips left. Needless to say I finished in second for a $139 return. Would I have won if the chocolate milk incident hadn't happened or would I have been knocked out in 4th if the chocolate milk incident didn't happen??  Your guess is as good as mine, but I just look at it as fate. I cashed for $139 in that tournament and finished up yesterdaywith losses for the month of ($54.22) which is a far cry better than ($194).

In the space of six days this month that is the second time that I have been down a considerable amount when you consider what my bankroll is just to be bailed out. The last time I believe it was Friday I was down about ($139) for the month and finished third in the 930pm $5 Deepstack Rebuy for $107 bringing the losses to down ($32) for the month. The weekend was pretty rough and as I stated I was in the red for $194 after the buy-ins and I pulled one out of the fire yet again so that the losses going into today we're only down ($54). Obviously I was definitely hoping that going into Tuesday I could get the month of March back into the black overall.  It wasn't to be as the cooler returned. In all fairness I only played two tournaments on Tuesday and then ended up falling asleep before 7pm, but my KK vs TT all-in pre-flop and they flop a 10 so down $76 in the first 7 Days of March. It's got to turn back sooner or later and the volcano will once again erupt. I'm just waiting for it.

Many personal things are coming that will interfere in The Daily Grind. It is now Wednesday 2:20 a.m. and later this morning I have an appointment with the orthopedist about the shoulder or actually both shoulders. I'm almost certain that the right shoulder is going to require surgery and hence is where we have a problem and hence where my readers are going to either think I'm crazy or being stubborn. Even if the shoulder does require surgery there is no way I am going to allow them to put me in a sling for the next 3 weeks. I refuse to be put on the sidelines and even if surgery is required the sling will be removed for The Daily Grind. I am right handed and it is my right shoulder. Yes I could try to do left-handed but I've tried doing things left-handed before it just does not work out so I am going to need access to my right hand and arm to grind online.  I refuse to be stopped. I will wear the sling when I go to sleep at night and if I'm not playing in a tournament, but other than that my life will go on as usual no matter what the doctor may want. As I've told my friends before my doctors are on a need-to-know basis and I decide what they need to know.

As far as the retina specialist goes those of you that don't follow me on Twitter or Facebook it turns out that I was born with torn retinas. These torn retinas can and does lead to detached retinas which can can and will cause blindness. On the 15th I am going in for laser surgery on both eyes. The doctor tells me this is not a fix but a preventative insofar that it will prevent the retinas from detaching and prevent me from going blind so that's the best thing in the world as far as I'm concerned and for now delays suicide because as I have stated before no way I go through life in the darkness.

So orthopedist tomorrow, pulmonologist the following day, laser surgery on the 15th, and sleep apnea doctor on the 16th which I may reschedule since I never got the sleep apnea machine that they want me on at night. I am not happy about this interruption in my Poker schedule, but unfortunately it is a necessary evil.

That's going to wrap this one up for now. Not going anywhere fast so far this month, and in fact going in the wrong direction, but waiting for things to turn in a big way which I know they will it's just a matter of when.  Until next time take care everyone and I'll see you at the tables.

Bankroll:  $726
Goal:  $2500
Progress:  29%

 

Wednesday, March 1, 2017

February Review, March Goals, And A Slight Variation To An Awesome Suggestion

An absolute awesome suggestion by Pokerdogg made me start to think about how I could best implement his suggestion. It started with the comment that he left on the last entry which was as follows.

FD, if you want to take shots at the Aria $125 tournaments, why not just take a shot every time you got $125 above $1500?

My reply was that it would mean having to make a withdrawal and a separate stop at a different casino other than Aria every time I wanted to play the live tournament which obviously as one might imagine might be a bit of an inconvenience. The suggestion kept rolling over in my mind. It is a great suggestion and would get me to those live tables so much faster and I started thinking to myself was there a way I could implement this and then I came up with a slight variation to it. Somewhat of middle ground you might say. Instead of his suggestion about playing a tournament each time I'm $125 above whatever I want to keep online, and instead of my plan of building up a month's worth of tournament buy-ins, why not find the middle ground and take it one week at a time.

If I set an amount that I want to keep in my online bankroll and then when I have a week's worth of tournament buy-in entries choose that as the time to withdraw and then play them. This makes all the sense in the world to me. Since I want to make the $20 tournaments online a daily part of any online play and since true bankroll management recommendations state 100 buyins should be the standard it seems to me that $2,000 online is definitely not only satisfactory but the best most intelligent approach. A week's worth of entries at the Aria is $500, that being $125 a day for 4 days Monday through Thursday, so therefore every time I have $500 above $2,000 I have just earned myself a week's worth of Aria  tournament entries.  This is absolutely beautiful and a perfect solution. It gets me to the live tournament that much faster so a big thanks to Pokerdogg because if not for his comment and suggestion I would never have been able to find this middle ground, thanks much bro.  This means that my goal is $2,500. Not $5,000, not $7,000, and not $4,000 which probably would have taken me months and months and months to accomplish. $2,500 is not necessarily around the corner, but it is a lot closer than the other options.

So on to the February recap and then on to the March goals. Let us be reminded of what the February goals were.

 
February 2017 Goals

Tournament Played:  150
Tournament ROI:  40%
Tournament Earnings: $440


Goal: 150 tournaments played

Not counting satellites and of course I can't count the tournaments that I had a full or partial stake in since that was not what my goals were based on, I ended up and playing in 103 tournaments so I was 47 short of the goal for February. I played a lot less tournaments then I actually anticipated, almost a full one third less, so for March I will be cutting down that goal amount, but it will be more than the 103 that I did get played this month. 


Goal: $440 in earnings

I'm happy to report I exceeded this by $142.91. The $440 goal was also based on playing a 150 tournaments and I played only 100 non satellite tournaments, but was still able to beat my earnings goal and the only reason that happened is based on ROI. 


Goal: ROI of 40%

I was able to surpass my Roi goal as well with an ROI of 77.8% in tournaments that I played that were not part of a stake. This was the only reason I was able to surpass my earnings goal. I must say it surprised me as I really didn't think I would hit that high and was definitely pleasantly surprised by the overall results. 


The final numbers for February looked like this.

Tournaments:  $586.64
Stake Earnings:  ($18.41)
Freerolls$1.25
Online Cash:  ($7.57)
$2/$4 Limit:  ($8)
Promo/RB:   $29
Total Earnings:  $582.91


Now for the upcoming month and even though I am starting march with a bankroll of $796.58 I am still not rushing into the $10 rebuys or $20 deepstack tournaments until I hit that magic $1000 bankroll. Therefore my goals are smaller than one might expect. 


March Goals

Tournaments Played: 120
ROI: 40%
Earnings:  $400


You will notice that the goal for the amount of tournaments played is less than last month's goal and you will also notice that the earnings goal is less than last month. This is based on 20 days or more of tournament play and $1,000 in tournament buy-ins and of course a 40% ROI. Now this earnings goal could, remember that word could, be smashed because none of this goal is based on $10 deepstack rebuys, $20 deepstack freezeout tournaments, or the Saturday $25 superstack. Yes I've only got a couple hundred dollars to go before I can start playing those $20 tournaments on a hopefully daily basis, but nothing in poker can ever be assumed when it comes to goals so I am basing this on not including those $20 and $25 tournaments. If things continue to go well and I am playing those more and more on a daily basis then this $400 goal could be exceeded in a huge way, but only time will tell. 

Tomorrow I have a doctor's appointment with a retina specialist because when I got my new prescription of eyeglasses a couple of months ago the eye doctor spotted some bleeding in the back of the eye. The good news is that he said it looks like we caught it very early, but it could be caused by the blood thinners that stop me from getting blood clots that could kill me or it could be because of a diabetic condition. The retina specialist will know more, but I'm nervous as hell. There are only two reasons that I can think of off the top of my head that I would want to end my life. One would be being paralyzed from the neck or the chest down where I couldn't even use my arms and the other is going blind. Any thoughts or prayers my way would be greatly appreciated.

That's going to wrap this entry up for now.  Not sure if I will play a tournament tomorrow or not, but I probably will play in at least 2 or 3 of the early evening ones . I don't expect to get back in time for the 4 p.m. but will be back in time for the 6:30 p.m. PLO and the 7:30 p.m. $800 guarantee $3 deepstack rebuy. Until next time, take care everyone, and I'll see you at the tables.

Bankroll:  $796.58
Goal:  $2500
Progress:  32%

 

Monday, February 27, 2017

Future Plans Adjustment

I have decided to make an adjustment to my future plans. As you know my goal is $5,000 so that I can utilize approximately $3,500 for live play at the Golden Nugget each morning which would give me 50 buyins for them, and keep the remainder for online play. The Golden Nugget tournaments however have 20 minute blind levels, a fantastic blind structure, but nonetheless 20 minute blind levels, and since my playing style is best geared to the highest starting stacks and longest blind levels, I started doing a little poking around and found that I might be far better off instead of playing the 11am $70 tournament at the Golden Nugget each morning, which by the way has a 26% or 27% juice, that it might be better to play in tournaments that have a similar blind structure meaning blind levels of 1000/2000 not happening until approximately level 10, but at the same time finding tournaments that also have at least 30 minute blend levels. 

After some checking, and as I am sure is blatantly obvious to anyone reading this, in order to accomplish this it's going to require a a buy-in higher than $70. It's one of those cases of you cannot have your cake and eat it too. The daily $125 tournament at 1 p.m. at the Aria Monday through Thursday is probably the best possibility. There are other higher-priced tournaments  that have higher starting stacks  comma but let's be reasonable about this  it's starting off my daily life plan I need to keep with the price reasonable for me. This presents a few issues that need to be thought about.  First of all 50 buy-ins for a $125 tournament if I were going to do it as I was going to for the Golden Nugget tournament is $6,250 for the live tournaments alone. Just to round things off let's say another $1750 for online we are looking at a goal amount of $8,000 which is $3,000 higher than the current $5,000 goal. I am not liking this at all since the last thing in the world I want to happen is for this to take a longer than necessary.

Since these tournaments are only Monday thru Thursday perhaps if I just give it a one-month try as an example, then I would not need as much. At the end of that month I could see what the profits or losses were and then reevaluate at that time. Playing a Monday through Thursday tournament the most I would be able to play in a month is 19 of them. I rounded it off to 20 because I can always use the extra $125 for expenses of some sort, but no matter how you slice it and dice it, 20 tournaments at $125 each is $2,500. We leave another $1,500 online and lo and behold my goal amount can actually be decreased to $4000. If I wanted to give myself a two-month try then I would need $5,000 for the live game and then let's say $2,000 for online for a total of $7,000 thus increasing the goal amount by $2,000. There is no doubt in the world which one that I am choosing. New goal is $4,000. Tournament to be played will be the $125 daily at the Aria Monday through Thursday. Friday, Saturday, and Sundays will be played online.

My biggest concern about this plan is undoubtedly the Aria tournament probably gets significantly more players than the Golden Nugget one does so cashing in it could be more difficult, but then again online, where the competition is more difficult, I am facing fields of over 75 almost each and every tournament and I'm killing it as far as ROI goes so I'm just going to hope that even if I don't start out on a heater hopefully I don't start out on an ice cold run. Even if I were to lose the entire $2500, let's say I went 0 for 19 in that first month, I would then simply realized that I need more buy-ins and a longer testing period, perhaps two months, and if that didn't work then it would be three months and I will keep doing this until it works.  If I need to reevaluate and try again I will simply earn the money online and then try again and again and again for as long as it takes.

Today was a good day on the tournament tables. The previous day was a small loss but I had broken an 0 for 14 slump with a couple of small cashes. Going into today bankroll was $707 and today I played six tournaments on my own dime and three $20 tournaments in which MIB decided to get in on half the action. We have decided to put an end to the satellites because I am not a turbo player by any stretch of the imagination but it was worth playing the ones that I did for a chance into a $200 tournament.  The tournaments I played on my own dime I ended up making $43. I cashed twice in the $3 deepstack rebuys one of them being a fifth-place finish in the 9 a.m. tournament for $63. On the three tournament's that MIB had half action in my share of the earnings was roughly $80 so overall the day was about $123 profit for me personally.  In the three tournaments that MIB had have action in I cashed in two of them both 5th Place finishes one for $142 and the other for $111 so overall it was a good day and brought my bankroll up to $830.68 and with the new goal amount being actually dropped by $1,000 I am now 21% towards it. 

I am taking all day Monday off and sleeping late considering it is after 4 a.m. as I complete this entry and on Tuesday MIB and I will be doing another half action arrangement on the three $20 tournaments. With the bankroll of $830 currently a lot of things are happening and will be happening. I am $170 away from a $1,000 bankroll in which I will be playing the $20 tournaments on my own dime exclusively for as long as the bankroll is $1,000 or higher. Also even if I do not cash in a single tournament on Tuesday which I hope it's not the case, I will end February with earnings of at least $533 for the month and a minimum of earnings of $746 for 2017. 

That's going to wrap up this entry for now. I am very happy about the results so far this year and even though it doesn't seem like a lot to some people it is more than I expected for the first two months. It's slow going, but it's getting me to my ultimate goal and that's what I am so focused on right now. That's why I going through borderline sleep deprivation, grinding 16 hours a day because as anyone that's been a long time reader knows, I'll put in what it takes to get to my goal. Long hours playing poker and has never bothered me before it is not about to start now. So until next time, take care everyone, and I'll see you at the tables.

Bankroll:  $830.68
Goal:  $4000
Progress:  21%

 

Thursday, February 23, 2017

Two Nice Scores Equals A $200 Day

Well  it happened again. I realized an error or approach that I was doing was not the best positive EV and took steps to change it and those changes paid off greatly and immediately. I wrote yesterday about how I was 0 for 12 in PLO tournaments this month and I had realized what my errors were. In tonight's tournament I made sure not to repeat those mistakes and ended up taking down the $10 deepstack PLO reentry finishing 1st out of 37 for a $165 return. I then followed that up with a 5th place out of 166 finish in the $3 deepstack rebuy $800 Gtd for a $96 return. The entire day was a profit of just over $213 which I believe has been my best single day result since I started playing on WSOP and over $290 in the last 2 days. Definitely trying to ride this wave for as long as I can.







Of course my number one fan was railing me as close as possible lol and as you can see in the below pictures not only does she rail my online poker tournaments but she shares my pillow at the same time. I've always loved animals and I've always had a special bond with them but it still amazes me how fast you can completely fall in love with a pet. I'm telling you this little girl had me wrapped around a little paw in the first two days.







I decided not to make any further deposits as I reported I was planning on doing Ian yesterday's entry with the exception of the money that I owe my bankroll which will be paid on March 4th. Instead for this year's World Series  I am simply going to utilize my poker earnings to pay for the WSOP entry which makes more sense considering that it is simply another tournament and all part of my poker journey and besides it doesn't leave me so short as far as money left over each month. My good friend, MIB decided that he wanted to get in on the action so we will be each paying 50% of the buy-in for the World Series and along with that we are also in a 50% arrangement for the 11 a.m. tournament at the Golden Nugget on Friday, and in some $5 rebuy satellites for the $200 Weekly $20k Gtd on WSOP.  

Earnings for 2017 ending tonight are now $821.78 and I am now 16% towards my $5,000 goal. Less than $180 to go to hit $1,000 and start playing the $10 rebuys and $20 deepstack on hopefully a continual daily basis.  I will not come close to achieving  my February goals as far as volume.  I don't know what got into me when  I stated in that particular post that my goal was to play in 150 tournaments this month.  I must have been figuring more per day that I'm playing, but I won't come close to playing 150 tournaments in February, however  my stated goal for earnings for February was $440 and for the month of February alone I am at $608.11 so I have surpassed that for now.  I could hit a cold run at anytime so nothing is guaranteed as of yet, but at least for right now I have  matched it and passed it and it's a great feeling.  

Anyway that's going to wrap this one up  period relatively short blog entry  from my norm. It's after 4 a.m. so I don't see myself getting up on time for the 9 a.m. tournament, but you never know.  I do have my alarm set for 8:30 a.m. so we'll see if I actually wake up or just turn it off and reset it for the noon tournament. Either way until next time, take care everyone, and I'll see you at the tables.


Bankroll:  $821.78
Goal:  $5000
Progress:  16%

 

Wednesday, February 22, 2017

The Future, The Present, The 2017 WSOP

First things first.

Zin said in a comment

Congrats on taking down the tourney...Have you paid back the money you borrowed from the roll?

Thank you very much. I decided to remove the initial $260 I started the year off with so that I am working on just earnings. I currently owe my bank roll $47 which will be paid back March 4th.
So let's get down to business. My  bankroll management plan is pretty much set in stone at 50 buyins for all tournaments above $3 rebuys.  For once I have not changed it in this entry from the last one. My last post I said I would be grinding the $10 rebuys which cost me a total of $20 each once I hit $1,000 which happens to be 50 buyins and I am still quite comfortable with that plan. However, I do intend to be extraordinarily strict about it which means when it comes that I start a day with a bankroll of $1,000 and I play my tournaments and I happened to end that day with a bank roll of $990 well that's $10 less than a thousand bucks and the $20 tournaments will be eliminated the following day and every day thereafter until I have $1,000 or more.

MIB and I decided to enter into half action arrangement a few days ago. The $25 super stack, the $30 $3k Gtd, three $10 deepstack rebuys, and the $20 deepstack tournament.  My cost for 50% of this action was $65 then of course there were the five tournaments I played on my own dime, three of the $3 deepstack rebuys and two of the $5 deepstack rebuys for an additional $38 and lo and behold my total cost for the day was $103 and it was not looking like it was going to be a profitable day, but I pulled one out of the fire with a sixth-place finish in the $30 entry for a $234 return in essence making us fifty bucks each. Nothing like getting that base hit with runners on in the night to take the lead. A win in that one would have been the grand slam, and even though I wasn't able to accomplish that I was able to get that base hit we needed.

With the bankroll management strategy that I want in place, I am also going to utilize that plan for live play when that comes about.  So for the $70 tournaments that I plan on grinding at the Golden Nugget I will start off with $3,500. I ran into a problem however in so far as what the hell am I going to do in between the 11 a.m. and 7 p.m. tournaments when the time comes. If I get knocked out of the 11 a.m. tournament in the first hour that's a long time to just sit around in a Sportsbook waiting for the 7 p.m.  I've looked on poker Atlas for a possible mid afternoon tournament, but none of them has the structure set up I like the way the Golden Nugget does. The only one that comes close is the 2 p.m. $100 tournament at Caesars, but $100 will be a little higher then I want to be playing with a $3,500 bankroll.

There really is no reasonable alternative except to simply resign myself to playing the 11 a.m. tournament and then returning home and grinding the $3 and $10 deepstack rebuys, $20 deepstack freeze-out and $10 PLO, and $5 deepstack rebuy all beginning roughly at 4 p.m.  The other choice would be to just stay right there at the Golden Nugget and play some $2/$4 limit Hold'em, but the thought of doing that five days a week has about as much appeal as an impacted wisdom tooth.
In March, April and May I will be depositing onto WSOP in addition to paying back the $47 I currently owe my bankroll a total of $260. This will give me an opportunity to utilize this money for poker investment purposes you might say and then in June I will withdraw that $260 add to it another hundred dollars from my June check and I will be entering into the 2017 World Series of Poker event number 25 "The Giant" which is a $365 buyin, a bracelet event, and has a 20K starting chip stack with 20 minute blind levels for day one in which they will play 18 levels or down to 10 remaining players whichever comes first and then day 2 and 3 are 40 minute blind levels. I am super excited about this and I cannot wait to experience my very first World Series of Poker bracelet event. Just being in the same casino with the greatest of the greats to say nothing of being in the same general poker area as them will be a thrill of a lifetime.

So let's get you today's update. I started the day with a total bankroll of $564 which under my bankroll management stipulations means that if I wanted to, and if they were available, I could play in a maximum of six $10 tournaments today. Of course there are not six $10 tournaments available, but you get the general drift. Two things of note. I am not giving up on the $10 6-max PLO even though I have struggled in it because what the hell, it took me a 117 tries to win the $800 guaranteed NLH deep deepstack rebuy tournament so  patience is a virtue and if it first you don't succeed keep grinding it out. I also added in the 3:15 p.m. $5 two rebuy 1 addon 6 Max tournament even though they screw with the blind structure in this one, but it only amounts to getting to certain levels two levels faster than normal. I figured since I have an edge in any tournament I play it was worth it to toss this into the daily play schedule. 

I met up with MIB on the Strip today so I could pay him his share of the profits from the stake which was $50 and we just hung out in a Sportsbook and chilled for a little bit and I was able to get back to the house in time for the 12 noon tournament.  The previous day I had lost $44 in buy-ins, but cleared another $10 bonus so it was a loss of ($34). I was hoping I could get back to cashing today and it turned out to be a pretty good day. In the 12 noon tournament I ended up finishing 5th for a $53.28 return. The $5 two rebuy one add-on deepstack that changes the blind structure somewhat is a tournament that I have kept avoiding because of those changes in the blind structure, but decided to start playing it anyway as I mentioned before and I ended up finishing 4th in that one for a nice little return of $72.57.  I finished out of the money in the 7:30 p.m. $800 guaranteed whatever and QQ into AA.

For the second day in a row I've played a $5 rebuy satellite for a total cost of $10 each day and a shot at an entry into a $200 tournament on WSOP and for the second straight day I had no fortune in that one. It does make me wonder if it's a waste of money to enter into these satellites because I mean after all my $10 is not going to return me any immediate cash only get me an entry into a bigger tournament, but what a tournament that would be if I could ever have a deep deep Run in it. You take this past weekend for example and that $200 tournament had 120 players and paid over $6000 up top. That single tournament alone could get me to my goal real fast, but I have to ask myself am I looking for a shortcut and I shouldn't be?? I'm really not sure of the answer and even if the answer is yes I'm not really sure if that's altogether a bad idea. It is $10 a day, but as I have said so many times everything is about risk verse reward and what a reward something like this could provide in one shot. The main problem I have with these satellites is they are all turbos and as has been discussed before my style of poker play is not geared toward turbos. It is for this reason that I take whether or not I'm going to play these on a day-by-day basis and make my decision as to whether or not to play them each day without planning ahead on them. 

Another non cash in the $10 PLO 6 Max makes me 0 for 12 for these things in February and 0 for 15 in them on my own dime this year. I actually have played them 16 times and won one of them but that was on a stake with MIB, but on my own dime 0 for 15 this year. Part of me says give it up Flushh and another part of me says hey it took you 116 tries before you finally binked the $800 guarantee at 7:30 p.m. I believe that I am making some errors in this and I believe the error constitutes playing big draws over aggressively. You take tonight for instance with an open ended straight flush draw and an over Pair of Kings I shoved the rest of my 7000 stack on this. I believe that was an error because I was fairly certain the kings were no good although miracles do happen and the absolute seduction of these huge draws that I play aggressively and probably over aggressively is downright intoxicating and probably accounts, and this is no joke, accounts for seven or eight losses in that 0 for 12 run. Obviously I need to chill out with these things.  I need to just call it down and see if I actually hit these draws then make my move because playing them hard and fast is definitely not working.  

So today was a profit of $77. Bankroll at $641 total and 12.8% towards the goal of $5,000. A decent day, not a great hourly for nearly 12 hours of grimding, but the hourly will be more reasonable later on down the road. Until next time, take care everyone, and I'll see you at the tables.


Bankroll:  641.85
Goal:  $5000
Progress:  12.8%

 

Monday, February 13, 2017

Playing On Pure Profit And Earnings

I decided to remove the initial $260 that I started this year with for a bankroll thus creating the situation where in 2017 I am playing on pure profit only. I initially was going to do this because I was considering buying a new laptop as I thought mine was starting to slow down in certain areas, as it is 2 years old, and it may have slowed down just a notch but it's still functioning perfectly well for my needs.

So instead, a couple days ago I decided to open my heart and my section of the home that I live in to a kitten from the animal shelter.........at least that was the plan going in.  I fully expected to go to this animal shelter and be coming home with a kitten anywhere from three to six months old.  As I was looking at all the cats and sticking my hands inside the cage this one particular black and white one grabbed onto my finger and when I tried to pull my finger back out of the cage she pulled it towards her. I think at that particular moment she decided I belonged to her. I had them open up the cage and I picked up this three year old little girl and she started hugging me. I was done for and there was no doubt about it she had to be the one that was coming home with me to a new home.  Ladies and gentlemen I would like to introduce you to Diamond. She's a three-year old little girl who is maybe one of the most loving creatures I've ever run into in my entire life. She climbs up on my shoulder, she lays on my hip, lays in the crook of my arm, she's one of those cats that needs to be making contact at all times I have never seen such an affectionate creature in my whole life. There is no doubt about it she is my little girl. And what a team we make. I named her Diamond, I'm known as Flushh so together we're the diamond flush lol. 








It is amazing to me how poker is filled with streaks or runs, hot runs and cold runs.  After starting out February up I went into a tailspin where I had a 0 for 20 run.  No matter what I did it was wrong, you know the routine. Then the day before yesterday everything switched around. I won so many coin flips that day I lost count of them all and I ended up finishing third in the 9 a.m. tournament for $69 and then taking down the 7:30 p.m. $3 deep stack rebuy $800 Gtd for $344 when I beat a field of 166 players. In one single day I went from ($10) down for the month to earnings of over $350 for the month of February.  





Only played one tournament Saturday total cost $9, but no cash in it and I began action yesterday with a bankroll of $573.49, and remember this is all profits, all earnings, but it does bring up a question. Why am I only playing $3 and $10 tournaments with a bankroll of nearly $600. Am I scared of something? Am I simply employing decently correct bankroll management strategy? Is it a mixture of the two?  At the beginning of this year I had stated in this very blog that I wanted to employ an aggressive bankroll management approach. I started with my $260 and he said as soon as I hit $400 I would start taking shots at the $10 rebuys which are a total cost of $20 and the 4:45 p.m. $20 deepstack. As I earned that first $160 and was in fact at a $400 bankroll, all of a sudden the thought of playing tournaments that cost $20 each was very uncomfortable to me. I mean I was fine with it right up until the point that I actually had the money to do it. 

I then decided that instead of $400 I would do this with a $600 bankroll. Well I started today with a $573 and I can tell you beyond the shadow of a doubt that even when I do hit $600 I have no intentions of playing three $20 tournaments even just taking a shot, it's not going to happen. Now I have decided on waiting until I have a $1,000 bankroll and utilizing a 50 buyin/40 buyin approach meaning I can play my $20 tournaments when I have 50 buyins for them which is $1,000 and if I drop one dollar below 40 buyins which would be dropping below $800 then I will not play them any longer until I get back up to $1,000 again. 

The question I have is why am I doing this?? I was all filled with piss and vinegar at the beginning of the year, aggressive approach, going to take my shots, but then when I get the money in hand figuratively speaking, well not figuratively as it is in my account balance, but when the money is available to me everything that I thought I would be eager to do comes to a screeching halt. I'm fairly certain playing those $20 tournaments at $1,000 and stopping playing them if I dropped to $800 is going to be a comfort level but I can't swear to it. What's going to happen, and I simply going to chicken out again??  I just don't understand why I'm doing this. 

I always have had a conservative bankroll approach, but I was so determined to adopt a more aggressive approach with bankroll management for 2017. Was I just fooling myself insofar as that's simply not me, not my style, or do I have an underlying fear taking what would be to me somewhat expensive losses considering those $20 tournaments are more than three times the cost of my normal $3 deepstack rebuys that I play. I'm fairly certain that I will be comfortable enough at $1,000 to start trying them, but at this point I can't swear to it. All I can do is see how I feel about it when I do have $1,000, but if anybody has any idea what may be going on here, all thoughts and opinions are always welcome.

As for yesterday I had some personal business to take care of this morning and was out and about early, but did make it back for the 12 noon tournament. I went 0 for my first five tournaments on the day, but did manage a final table 5th Place finish in the 9:30 p.m. $5 deepstack rebuy for a $57 return. Nothing huge but it did turn the day from a ($48) loss into a $10 profit and any profit is good profit.

One of the tournaments that has become  part of my daily schedule when it goes off though there are times that it does not get the required minimum players to get it started is the $10 PLO 6 Max reentry.  This PLO tournament is a reentry as opposed to a rebuy which means you can only reenter the tournament if you have one chip or less remaining whereas in the rebuys you can rebuy if you have 4000 chips or less remaining. It generally doesn't get all that many people, but it is a $250 guaranteed prize pool. Tonight it had 28 runners paying the top five with first place paying $148 and it has a 90-minute reentry. I did not cash in it and playing this tournament on my own dime this year I am now 0 for 11.

Being I am 0 for 11 in this PLO tournament one might think that it might be a good idea not to play it as I don't do well in it, but I did win this tournament while under a staked day. However that is only 1 cash in 12 attempts an ITM percentage of only 8% which is not good at all and would actually put me with a very small ROI had the one time I won this particular tournament been on my own dime instead of part of a stake. I have taken my fair share of bad beats in this tournament runner runners and that sort of thing, but I believe that's the very nature of PLO. I think I'm going to continue to play this particular tournament when it does go off for at least the remainder of this month then reevaluate at that time whether or not I should continue doing so. Even a full month of it is probably not enough of a sample size but if at the end of February I find myself down over $200 just for this particular tournament I think that even with a small sample size the Poker Gods might be trying to send me a message.

Another tournament I sometimes wonder if I should be playing is the 7:30 p.m. $3 deepstack rebuy, the same tournament I won a few days ago for a $344 return.  I know it probably sounds like absolute Insanity to be questioning whether or not I should be playing in the tournament in which I just beat 165 opponents to take the top prize, but that is a tournament that I generally struggle in and it was the first time I had won it in 107 attempts since I have started playing on WSOP.  In fact in the first 106 tries I only finished in the money 7 times. On WSOP I generally run an ITM percentage from 12%-16% which I know probably sounds small but an ROI, well at least in 2016 anyway, of approximately 60% so as you can tell my ITM percentage in that specific tournament is less than usual, but of course that specific tournament also gets over 150 entrants every time whereas the other $3 deepstack rebuys that I play generally speaking get 80 or 90. The 7:30 p.m. also has an 85 minute rebuy. Whereas the other ones only have a 55-minute rebuy. And historically I perform so much better in the 55-minute rebuy period tournaments as opposed to this 85 minute one so even though I finally did win it it really makes me wonder is it worth it. Thoughts and opinions welcome as always.

I go into today with a bankroll of $583.72 and the $5,000 goal remains unchanged although I might have to increase that by a couple of thousand because when I start playing live full-time or at least make my attempt to do so I will be doing so at the Golden Nugget with the first tournament of the day being at 11 a.m. and the other tournament that I would be playing there would be 7 p.m. so that's going to give me a lot of down time in between hanging around doing nothing.  I'm thinking of simply sitting in the $2/$4 limit game in between tournaments when the time comes, but I think it would be prudent to have a separate bankroll for that. Granted it would only be filler time, but still nonetheless I wouldn't want it interfering in my live tournament bankroll. I definitely want $3,000 for the live tournament try, I want to keep another $1500 or $2000 online so if I wanted a separate limit cash game bankroll I would want it to be $1500 or $2000 so instead of a $5,000 goal that would be either a $6,000 or $7000 goal. 

In a perfect world I would simply play a tournament in the afternoon, but I'm pretty strict about what I will and will not play. It would have to be a live tournament with a starting stack of at least $10k and the buyin would have to be roughly in the neighborhood of $70, and it would have to have a structure similar to the Golden Nugget tournaments and that ladies and gentlemen is not happening. In order to find a similar structure I would have to spend at least $125 per tournament and that will be too high to start out with anyway. The Golden Nugget has a $50 tournament at 3 p.m. and one could always say I could just jump into that, but that only has a $5k starting stack not to mention a 35% juice so no thanks, but I have made no decision as of yet about increasing the goal dollar amount.  I may decide to keep things as they are and when the time comes only play the 11 a.m. live tournament and then head home and in the late afternoon and evening so the possibilities are still up in the air at this point.  Right now I'm just concentrating on playing good poker and continuing to increase the earnings. 

Well that's going to wrap this one up. Me and my new kitty, Diamond are getting along splendidly although she still is a little skittish, but it's going to take her time to get used to her surroundings. I've never seen a cat that likes to hug a human being as much as she does, but cat and owner are definitely bonding......... or is that human and owner it's always hard to keep that straight. So with that said, take care everyone, and I'll see you at the tables.


Bankroll:  $583.72
Goal:  $5000
Progress:  11%

 

Wednesday, February 1, 2017

January 2017 Report / February 2017 Goals

The first month of 2017 could be considered a success, but I guess it would depend on your definition of success. It was a winning month, not as much money as I would have liked, but is any poker player ever really totally satisfied with the earnings that they make. No matter how much it is always striving for more. Some people may look at it as greedy I look at it as competitive. Going into January 31st total earnings for the month of January were $186.02.  Specific tournament results can be found by clicking the 2017 tournaments tab at the top of this blog and if you do so you will see that the $1, $2, and $5 MTTs were not entirely successful. These are the tournaments that have a starting stack of only two thousand chips and the only reason I was playing them was because I started 2017 with only a $260 bankroll and felt that I needed to include these. Turns out I shouldn't since I played a total of 85 of those particular tournaments in January and it produced a little over ($48) in losses.  Even with only $260 available I should have stuck only with the $3 deepstack rebuys, but we live and we learn. I knew from 2016 the higher the starting stack the better I do, but as I said I felt with the low starting bankroll I needed to include these tournaments and that turned out to be an error. Problem with only two thousand chips or more correctly why I am able to do better with higher starting stacks I think it's two-fold. One it gives me room to maneuver, and two it helps recover from a bad beat or an unfortunate situation provided it's not an all-in situation. Quite obviously it's a lot easier to come back from a 1500 chip loss in a hand when you start with 4000 or 8000 chips rather than when you only start with 2000.

I stated what the earnings were going into January 31st because as it turned out no matter what happened on January 31st those earnings would not decrease. My good friend ManInBlack who had already staked me to one satellite for the weekly $200 tournament and was doing so for a second one decided that he wanted to invest in something and at first we were going to add three $20 tournaments to the mix. He said that he was looking to invest about $100 and I decided to add up what a full day's worth of tournaments would cost him including the satellites and it turned out it would be $124 throwing in the three $20 tournaments as well, but he was all for it so January 31st was in fact a free day for me as MIB staked me to the full day's worth of tournaments and since he was covering total cost, any earnings made would be on a 70/30 split, 30% going to me the player. 

Having no idea how the 31st would go he was not too concerned even if he took a loss because the fact is in 2016 I was able to earn over $600 for him and he quite often reminds me of this fact when I feel discouraged during a stake because I've lost some of his money.  He knows I take it more to heart when I lose someone else's money rather than when I lose my own and the first time he staked me this year it end up costing him $60. When I apologized for this he just looked at me and said "how much did you make for me last year??" So even when I end up costing him a few bucks he definitely does not sweat it. 

He was in for $124 and for most of the day it looked pretty bad and as a matter of fact we were down ($84) on the day, but I ended up winning the $10 PLO 6Max deepstack for $143 and I finished 9th in the $10 deepstack rebuy $1,250 guaranteed for a $57 return. When it was all said and done I had earned him $50 on the day and $26.65 for my part. We decided that we are going to reinvest his $50 in the three $20 tournaments tomorrow where he will have a 70% cut of the 2K guaranteed and the $1,250 guaranteed since he will be covering those costs completely and we will be going in on the 4:45 p.m. deepstack equally for a 50-50 split in that one.


So the final tally for the monthly earnings for January 2017 were as follows. 

Non Staked Tournaments:  $98.40
19/145
ITM: 13.1%
ROI: 26.9%

Staked Tournaments: $62.70
Live Staked Cash Games:  $44
Online Cash Games:  $7.57
Promos/RB:  $1
Total Earnings:  $213.67

As you can see from those non staked tournament numbers things could have been better. The ROI of 26.9% is pretty low for me, but it should be noted that the ROI for deepstack tournaments was 40.2% and I think I can improve on that for February, but even if I maintained a 40% ROI for all of 2017, I would be satisfied with that.


February 2017 Goals
Tournament Played:  150
Tournament ROI:  40%
Tournament Earnings: $440


That you have it and it's a wrap up for today. Decided to sleep late today so my first tournament for today will be the 4 p.m. $3 deep stack Reba and also going to be playing those three $20 tournaments as part of the steak with MIB. Here's to hoping that February is a run well month and a minimal error committing month as well. Let's bring on the a game and let's keep the a game and ride this baby out. Until next time, take care everyone, and I'll see you at the tables.


Bankroll:  $473.67
Goal:  $5000
Progress:  9.5%

 

Wednesday, January 25, 2017

Comment Responses And A Bankroll Management Adjustment

First a few comment responses.

Pokerdogg said:

Congrats on turning the streak around. I hope that the momentum continues and you will be able to go up in stakes instead of spending your earnings.

Oh hell yeah, no doubt about it in my mind. Being my income is extraordinary limited there are going to be times that I have to borrow from my bankroll, but every dime I do borrow from that bankroll will be paid back. I do not intend to wallow in only $3 deepstack rebuys and $5 MTTs for all of 2017. It should be noted that even when I am playing $10 rebuys and $20 and $25 tournaments I will still  be playing these $3 deepstack rebuys also, but I refuse to be restricted and limited to these alone because I decided to take two or three hundred and go out and have some fun.

Pokerdogg also said:

I know it is hard to resist thinking about hitting that big score and rocket up your bankroll, but in the long run as a professional, it is all about ROI, and each of those $20 buyin tournaments is worth $x dollars based on your theoretical ROI.

Understood, sir. PokerProLabs in 2016 shows me as having a 76.8% ROI in 815 tournaments played however they are unable to calculate the rebuys and add-ons that were made in rebuy tournaments. I know for a fact their listing of my $2,500 profit in tournaments is in fact off by $500  where I in fact made approximately $2,000. Utilizing the facts available  my true ROI for those 815 tournaments is not 76.8%, but is in fact 60.6%. With that said if I can play and average 15 tournaments that cost me $20 per week for nine months out of the year which would be 36 weeks that would still be a profit for the year of $6,480 from $10 Rebuys and $20 deepstack tournaments alone. I estimate that if I were to play online for all of 2017 at a bare minimum earnings will be $8,000,  however this is not taking into consideration any $25 and $50 tournaments that may be played. However, as you know, as soon as $5,000 is earned I will be taking my try at the daily live tournaments at the Golden Nugget so it is hard to estimate exact earnings for 2017.

And he concluded by saying:

Did you review every single hand played in those tournaments, and recognize every single error you made, and you lost in every single instance? Do you have anyone whose game you trust to go over the hand history with you? I probably haven't played as many tournaments as you, but in most of the tournaments that I bust out due to a bad beat, I can trace back a number of hands leading up to the final hand where I could have played better, be in a better chip position, which may have prevented the eventual bust out. Tournaments is a series of compounding errors (or non errors). If you are too focused on the final bust out hands, you are likely missing the bigger more important picture.

What I did was I went back and looked over those tournament histories and I checked the hands that got me knocked out of the tournament and also the hands that lost me a significant amount of chips to see if an error was made by me. I did not check the hands where my chip stack increased significantly so I guess it is possible that mistakes were made during those times and I in fact did benefit from an error. That review took me five and a half hours as it was so I was quite confident that I had reviewed all that needed to be reviewed and of course since fixing those mistakes although I did instantly hit that cold run, I did snap out of it and beginning today's action earnings for the month we're at $175. Not a huge number for earnings, but better than the (-$17) overall I was at just a few days ago so even if my review was not entirely complete I think it was sufficient enough to spot the errors that I was making and correct them.

Seattleirish said in part:

The answer was in your last blog entry - you said you examined hands where you were knocked out or lost significant chips. Axiomatically, if you're only examining losing hands, you simply won't find hands where your mistakes were rewarded:

You and Pokerdogg basically said the same thing and I do realize that by not checking the hands where my stack increased significantly I cannot find out if my mistakes were rewarded from time to time.

Seattleirish also said:

I also think you should be looking at your low-stakes play differently. Rather than looking at it as simply building a bankroll for bigger stakes, look at it is foundational learning. Playing lower stakes allows you to hone your skills and develop positive poker habits. That, alone, has value.

I agree with that to a certain extent Seattle, and well I would like to say after 13 years of Poker playing that my skills are truly home I still find myself learning something new on a constant basis mostly about my own feelings from time to time inability to still commit errors. Learning over and over that I'm simply human is not exactly something I like, but something I must accept.

It is true my experience in the $20 tournaments online is somewhat  limited in comparison, but I am happy to say it is overall positive. In my time on WSOP I have played 28 of the $10 rebuys and have gone 5 for16 with total earnings of $295.54. In the $20 deepstack 5 for 36 with earnings of $154.95. $10 knockout tournaments which ra $10 buy-in with $10 knockouts for a $20 total cost I am 6 for a 19 with earnings of $193.82, and in 11 tries in the $20 Midnight Madness I am 2 for 9 with losses of only ($2.54).

He concluded with:

Regardless, congrats on your run-good! I declare 2017, The Year of the Flush Draw!

Thank you very much for that vote of confidence. There are only a handful of people that actually think I will be successful and I must tell you that means a lot. Thank you very much.

Poker & Gambling 24/7 said:

I hope the rest of 2017 is the biggest volcano for you. I hope Michelle gets much better and never has to visit that nasty hospital again. It's great she has a friend like you to keep her company

Thanks much P&G for both your thoughts on my poker and for my friend Michelle. As far as she goes I'm not doing anything special just trying to be a good friend and I figure if she has somebody that's watching over her apartment and more importantly her beloved pet, and she doesn't have to be concerned that the cat is being fed and being given attention and whatnot that will possibly help her get better.  I don't know, like I said just doing what any good friend would do if they could do it.

Now for the latest update. I have once again adjusted my bankroll management plan. I am sure I am going to get taken to task for this for changing my mind yet again, but the fact of the matter is that I have to do what is most comfortable for me. It's very easy for me to jot things on a notepad and say "Yes this sounds good, this is great, I want this aggressive bankroll approach" but then when it comes down to actual spending of those dollars I really have to go with what's most comfortable for me, the player.

Under my aggressive bankroll approach taking 25 buyin shots  seemed like a good plan but then when it comes actually down to it, when it comes to me actually spending the money, I find I am not altogether comfortable spending $10 for a tournament if I only have $250 or even with a $300 bankroll. I am much more comfortable doing this if I have a $400 bankroll so because of this fact I have decided to adjust things. Go ahead, feel free to give me hell for changing my mind again, but I'm not going to do something that makes me feel uncomfortable.

$1 tournaments have been retired and will stay retired unless I was to hit a massive downswing where all of a sudden it drops my bankroll to below $100, but for $3 rebuys and $5 tournaments there is no bankroll stipulation. A bankroll above $100 and these will be played no matter what.  However as I look at the higher amounts I find that I will be more comfortable playing $10 tournaments with a $400 bankroll or higher.  This does not include the $10 rebuys however because those are a total cost of $20. When I say $10 I mean $5 rebuys for a total cost of $10 and the $10 6-max PLO deepstack reentry in which I only spend $10 in. For the $10 rebuys, which cost a total of $20 I'm not going to be comfortable with $400 or even $500 I can already tell so I will be waiting for $600 for those.

On the surface I realize it sounds a little weird because for $10 tournaments I'm utilizing 40 buyins yet for $20 tournaments I'm only going with 30 buyins. Doesn't really make much sense to me either, but it seems to me that it's not so much a buy-in level that I'm comfortable with , but more so a dollar amount. since there are only a maximum of five $20 tournaments a day that I would play on any particular day with $600 it would give me a full day of $20 tournaments to take a shot at them and even if I was unsuccessful still give me plenty of a comfort for $10 tournaments.  The $25 super deepstack is only once a week and I feel a $700 bankroll would make me comfortable enough to add this and with a $1,000 bankroll I would then feel comfortable enough to add the $50 deepstack played each Sunday.

That's going to wrap this one up. Please continue to keep my friend Michelle in your thoughts and prayers and until I touch base next time take care everyone and I'll see you at the tables.