Friday, June 9, 2017

My ACR Results Review And The Start Of June

This is a pretty long entry so you have been forewarned.  

Taking a chance, considering I have certain concerns about WSOP, I nonetheless decided to make a return to that site, but this lasted only a single day because the very following day in their Infinite wisdom or lack thereof, they decided they did not want to cater to the small bankrolled players apparently and took away all $1 and $2 regular tournaments.  The only reason for the return to that site was because I realized that on ACR I was facing three times as many players in the $1.10 tournaments to get only double the amount of money up top because they pay so many spots out and for roughly the same buyin. Oh well if they want to have that kind of attitude to hell with them. ACR has a much better selection of tournaments even for those of us with small bankrolls.

So back to ACR for me and this time it would be permanent. I got my Bitcoin all straightened out so time to start utilizing that form of payment to establish a history of Bitcoin transactions, but according to some reliable sources I need to set up with a third party as well. I noticed deposits over to ACR from Coinbase are coming with a 12.9% fee. Sending money to the bank account is considerably lower so any future deposits will be done via MoneyGram since ACR will give me my Moneygram fees back from what I understand and I will utilize Bitcoin for the withdraws. The bottom line is I ended up starting June with a bankroll of $100 exactly. 


My time on ACR this year from January through May 31st has not been a profitable one. 
 
MTTs:  ($108.15)
SNGs: 23 for 60:   ($15.11)
Cash Games:  ($53.91)
Bonus:  $82
Rakeback:  $14.21
Casino:  ($5.15)

Sportsbook: $27.79

Net Total:  ($58.32)


Don't even ask what I was doing in the cash games when I have sworn off of them but at the time I figured hey a different site maybe something will happenen. It happened all right but in the wrong direction. Cash games just have such a higher variance than tournaments, but I tried and I move on. 
Obviously my biggest concern is my performance in tournaments. You would think that with them paying 18% and 20% of the fields that I would be crushing it, but that is not the case. a funny thing with tournaments over on ACR is that they have varying degrees of late registration times not to mention various structures.  The decent guaranteed prize pools for a low buyin have either a 3 hour or 5 hour late registrations and in those specifically I have lost just over ($106).  Here is the breakdown when it comes to these late registration times.


1 Hr:  $32.28
15 for 55 / 27% / 37% ROI 

1.5 Hrs:  ($27.78)
10 for 52 / 19% / (- 31%) ROI 

2 Hrs:  ($1.28)
20 for 69 / 29% / (-1%) ROI 

3 Hrs:  ($80.54)
3 for 34 / 9% / (- 89%) ROI 

5 Hrs:  ($25.49)
1 for 13 / 7% / (- 74%) ROI 


Now I grant you the sample size is not large but there is a definite pattern to this. 3 hour and 5 hour late registrations are atrocious for some reason.  A combined for 4 for 47 and losses totaling over ($106).  I don't know what the exact reason has been for the poor performance from January through May. It could be the time of the late registration, it could be the fact that those tournaments have hundreds of entrants in them and I just have not run deep yet, it could be I was not observing correct bankroll management as in playing $3.30 tournaments with about $50 or $60 on the account and the Poker Gods decided to bite me in the ass over that maneuver, and it could also be as far as the overall picture goes for these five months that I was playing the majority of these when I was going through my period of depression. 

Obviously my mind was not 100% on things. I'm not looking for an excuse, but more so a reason and I really feel that being as depressed as I was with my mind not totally on things that was the major reason for my poor performance. Since I am out of that depression and back to my fully optimistic happy-go-lucky self that has that feeling within mind and spirit of complete invincibility, the only way I was going to find out for sure was to see how June would go. If all of a sudden I started turning profits even if they were small profits because of the low buy-in amounts I'm forced to play that would go a long way in telling me one way or the other.

After the first 5 months I am showing a profit this year, but the profit is only a little over a couple of hundred bucks taking into consideration the over $500 in online earnings and the ($276) in live losses thus far and withdrawals of $169.95 in which had nothing to do with having fun but had everything to do with either half the buyin on a half action live stake tournament or just putting food on the table at the end of the month when things ran a little short.  However, although I have very little left over at the end of the month anymore, I think I've created a monthly budget where I will not have to touch my poker money.  I must admit however, I do believe participating in those half stakes was a mistake in of itself.  Playing a tournament sporadically here and there is not usually going to add up to profits and I think I am much more likely to show some live profits if I can string four or five tournaments played in consecutive days so stepping forward that is the primary goal.

So it's time to build and build some more, but what will be the precise monetary goal here on ACR and what exact bankroll management plan do I want to employ. With so little left over in my regular monthly finances it is imperative that I protect my bankroll to the extreme and this means setting up a bankroll management plan where I am almost sure not to tap out because my bankroll is not easily replaceable and at the same time being able to go out and play live poker while at the same time keeping enough online to go back and do that as well if needed or for the days I just don't physically feel up to being out and about because those days do happen. 

ACR is an offshore site I believe in Nicaragua somewhere so therefore it is not a place where I want to keep a thousand dollars on it or even several hundreds of dollars so periodic withdrawals and then stashing that cash offline is going to be something that I am going to be doing. I would be okay with leaving $300 on at all times. And therefore feel that everytime I make a hundred dollars over that I will withdraw it maintaining that $300 online account balance. 

I have decided to go with a bankroll management plan that utilizes an average buy-in calculation which is calculated on a daily basis utilizing the average buyin of the tournaments that I plan to play. 50 seems too low and 100 seems ultra-conservative especially when the tournaments I'm dealing with are paying 15% to 20% of the entrants.  When I look at the tournaments in the morning that I wish to play that day, I add them all up and see how much they will cost, divide them by the number of tournaments that are intended to be played giving me my average buyin for that day. Provided I have started the days poker with at least 75 of those average buy-ins in my bankroll, then I can play those tournaments that I planned on playing.  However, if I am so much as a dollar short of that amount I will have to readjust my days' plans. I can go with this 75 average buyin plan, but I must be extraordinary strict with myself, no excuses, no ifs, ands, or buts and I think by utilizing this strict adherence to this bankroll management plan I will be able to not only protect my bankroll, but take shots at the various $2.20, $3.30 and even $5.50 tournaments here and there while I build, build, and build some more. 

There are five standard $1.10 tournaments that I play each day so as an example say I wanted to play those five and I wanted to add a $3.30 tournament in there that would cost a total for the day of $8.80. Now we divide that by the total number of tournaments that covers which in this example would be 6 giving me the average buyin which would be $1.466666. Which I always round up to the next penny which would be $1.47. We take that $1.47 and multiply it by 75 and in this example in order to play those tournaments I planned out I would have to start the day with a bankroll of $110.25. If my bankroll is only $110, because of the strict strict adherence I would have to formulate a different approach for that day. Some may find that kind of adherence very silly, but I believe that not only will it help me now, but it will help me down the road. 

So, it has already been established that if I'm going to play some live tournaments I want to be able to play at least a few of them consecutively to hopefully have a better chance of a deep run or two and establishing some sort of live bankroll. The question I need to answer it how many is that and then I can figure out how much I need to earn before I make that run. Now a week's worth would be about 12 but I'm not even looking for that. I'll be happy giving myself half that number, a 6 shot run at it.  Total buyins would be $420 and add another $80 for traveling and eating expenses, so a nice round figure of $500. So my initial goal is a bankroll of $800 in which I can withdraw $500 for some tournaments at the Golden Nugget and still leaving myself $300 online which is what I want to do and mentioned previously.

So let's talk about June. Over the course of the first 8 days I took one of those days off completely and on another one I played only a single tournament but the remainder of the time was a full slate of tournaments which for me usually means 6 to 9 a day. After the first 8 days of the month of June total earnings are $22 with $20.45 of that coming in regular tournaments which are non private tournaments because there's a variety of different private tournaments I play such as rebuy freerolls, regular freerolls, and actual buyin private tournaments so I separate the two distinctions, but in the regular multi-table tournaments earnings are at $20.45 in the first eight days.  I look at the amount and am pretty much disgusted, but the problem is I'm looking at the amount of dollars that I am making. As it turns out I should be happy with this performance.  In the first 8 days in these regular tournaments I am 16 for 43 in the money which is an ITM of 37%. That $20.45 that I have earned is from a total of $53.47 in buyins which gives me an ROI of 38%. I believe these numbers would be considered respectable by anybody, but I keep looking at the amount of 20 lousy dollars, and I need to stop doing this, because if I continue, I know me, and I'm going to get frustrated and start jumping buyins by adding a few $3.30s and maybe a $5.50 mixed in on a bankroll of less than $130 and that is not acceptable under any circumstances. So instead of simply looking at the fact I've only made a total of $22 in 8 days, I'm going to try to not remember that that is less than $3 a day grinding tournaments for hours on end and instead I'm going to look at my ITM percentage, my ROI percentage, and just look at this as taking one step at a time, but believe me, it is much easier said than done.

Here is tomorrow's schedule.  I ended today with a bankroll of $122.  I also wanted to add in the 12:15 p.m. $2.20 PLO8 tournament for tomorrow  but after figuring the average buyin and multiplying it by my minimum of 75 it would require a bankroll of $123.75 so I am $1.75 short.  Although tempted to do so I will not make up some excuse as to why I can get away with it, I will simply not play that tournament just yet. I also do not include that $0.11 tournament as part of the average buyin because it's so low it would totally skew the numbers and not in a good way.


415pm: $0.11 NLH $100 Gtd
435pm: $1.10 NLH KO
445pm: $1.10 PLO 6-Max $100 Gtd
530pm: $1.10 NLH $50 Gtd
545pm: $2.20 NLH KO $50 Gtd
645pm: $3.30 NLH $500 Gtd
720pm: $1.05 PLO8 Rebuy
745pm: $1.10 NLH 6- Max KO

I also play the 1145pm PLO8 6-Max KO at times, but since it's not an every night happenstance it is not included in my average buyin calculations.


Well, it's not a pretty picture not by a long shot, but I never surrender and I never give up. If anybody can make something happen with this I know I can. I know I have readers out there shaking their heads saying it's not going to happen, but as far as I'm concerned it's already a sure-fire certainty. As long as my monthly budget can hold out giving me the opportunity not to touch this poker bankroll then there is no question about it, it's going to happen.

Finally the personal financial update. I've alluded previously in this post as to how I'm having less money available to me for the remainder of the month after bills and expenses are paid and this is why and what has happened. After being on disability for a couple of years now I was finally eligible and at the same time forced to be switched over to Medicare. There was no choice in the matter and in the process of this I lost certain things which were helping me out and because of the loss of these services my monthly expenses have increased. As for the actual insurance I'm covered 100% on anything and everything, but after everything is figured for the money that needs to be spent on a monthly basis whether by choice or whether by necessity, if I do not owe anybody an outstanding loan, I have about $70 left over for the remainder of the month.  Because of the switch I lost access to a PCA so money will have to be spent on Lyft to do shopping each month, I lost free prescriptions so money will have to be spent for co-pays on that each month, then of course there's my little baby girl Diamond my kitty cat and she cost me a certain amount of money each month, but as far as I'm concerned having her here is simply priceless and you'll never hear me complain about the money I spend on her, but the fact of the matter is it does add to the monthly expenditure and as I said after all the sudden done I only have about $70 left so even my tiny $122 bankroll that I ended tonight with would be somewhat difficult to replace all at once. It also leaves very little room for socializing. Obviously the most intelligent thing to do would be to continue to add this to the bankroll, but of course I like to get out and see friends from time to time, maybe grab a quick bite to eat, maybe someone is coming into town so I can meet up with them and have a drink, but as you can see there's just not much for these things and certainly not enough for all of these things. Careful decisions and choices have to be made.

It's not forever however, because when I turn 50 at the end of October I am eligible for what they call the disability widowers benefit. My late wife made more money in her working days than I did in mine and therefor her disability payment, if I remember correctly, was about $1,200 maybe a little more and the way I understand it, this disability widowers benefit will give me either what I am getting now or what she was getting whichever is higher. I won't get both, but I will get one or the other and if I am right in my understanding of all of this my disability payments beginning as early as November could be increased by over $400 a month. Obviously this is still five months away, but it's better than not having anything to look forward to. However, for the next five months there will simply be a lot of grinding, a lot of adding whatever I can to the bankroll with the very little left over each month, and very little socializing.

Well that's going to wrap this one up for now. Don't count me out, in fact never count me out, because I plan to thrive.  it may take awhile, but I plan on nothing but success in the long run. Until next time take care everyone and I'll see you at the tables.


Bankroll:  $122
Goal:  $800
Progress:  15%

9 comments:

  1. Have you thought about doing one of the monthly poker room promotions around town? I think Treasure Island has a weekly promo: play 10 hours get $50, 20 hours $125, 30 hours $225, 40 hours $325, and so on. Maybe keep an eye out on promos each month and see if they are doable.

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    1. I have suggested this in the past as well. $600/week = $2400 month in cash or $31k per year. Bravo shows a regular game running. This would help FD out a great deal not to mention over $6k in food comps with all the hours put in. He would be able to make his bankroll goal of $800 in no time just in comps. Even if he was a breakeven player. I admire FD love for poker and grinding it out. Personally, winning $22 in 9 days is entirely to much effort for me FD puts in full days of grinding so far for the month with a profit of $22 (less than 2.50/day.).

      I would much rather see him save the $8 daily buy ins and play a cash game for 2 short buying or tourney when the funds are available to play 2-3 live tournies in a day. Micro stakes tournies & cash are no means to an end goal.

      Maybe he could get a stake for the cash games at TI. Buy in for the minimum and any losses of the stake comes out of the $600 rakeback. This is something I would support and consider helping to fund..

      Wishing the best for FD on and off the felt. I would enjoy seeing a concrete plan laid out that does not switch bankroll goals, game selection or types of games (tourney/cash) from vlog to vlog.

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    2. How is he getting the initial buying to play this promo

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    3. MIB, TO3 suggested a stake.

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  2. Wow, this was long. You've been taking lessons from Rob.

    all of this my disability payments beginning as early as November could be increased by over $400 a month.

    Nice!!!

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    1. I told him the same thing lately...lol

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  3. id be more inclined to wonder what u were doing in the sportsbook

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    1. This from the guy who will don't of thousands on the 21 Tables? Stfu

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    2. It is a valid question regardless of who asked it.

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