Saturday, September 20, 2008

A Half Century

This is apparently my 50th post, hard to believe when you look back at my first post and the reasons for creating the blog. It has also been running for over 2 years as well. Hope you have enjoyed reading it, tried not to make it too much of a bad beat listing. So, for a bit of a change, here is a hand history.

Here's a playing to win mistake I made last night. On reflection, my 35% for the hand on the flop when the money went in, would have paid 2:1 in chips but only have doubled my payout (assuming that I can play a big stack effectively). Maxemus must have thought it was his lucky day, though based on his play throughout this table, pooh could have had anything. 3rd paid about $600, 1st about $1200. Live and learn.

Game #8143681553: $2,500 KO Guarantee (61186768), Table 23 - 4000/8000 - Pot Limit Omaha Hi - 20:48:05 ET - 2008/09/19
Seat 2: MAXEMUS126 (192,314)
Seat 6: whoflungpooh (359,338)
Seat 8: electric chair (189,348)
electric chair posts the small blind of 4,000
MAXEMUS126 posts the big blind of 8,000
The button is in seat #6
*** HOLE CARDS ***
Dealt to electric chair [Qh Ks As 6s]
whoflungpooh calls 8,000
electric chair raises to 20,000
MAXEMUS126 folds
whoflungpooh calls 12,000
*** FLOP *** [3s 2s Ah]
electric chair has 15 seconds left to act
electric chair bets 36,000
whoflungpooh has 15 seconds left to act
whoflungpooh raises to 156,000
electric chair raises to 169,348, and is all in
whoflungpooh calls 13,348
electric chair shows [Qh Ks As 6s]
whoflungpooh shows [Th 5s 4h 6h]
*** TURN *** [3s 2s Ah] [Jc]
*** RIVER *** [3s 2s Ah Jc] [9c]
electric chair shows a pair of Aces
whoflungpooh shows a straight, Five high
whoflungpooh wins the pot (386,696) with a straight, Five high
electric chair stands up
*** SUMMARY ***
Total pot 386,696 | Rake 0
Board: [3s 2s Ah Jc 9c]
Seat 2: MAXEMUS126 (big blind) folded before the Flop
Seat 6: whoflungpooh (button) showed [Th 5s 4h 6h] and won (386,696) with a straight, Five high
Seat 8: electric chair (small blind) showed [Qh Ks As 6s] and lost with a pair of Aces

This was actually on the final table of a $24 knockout plo tournament on Full Tilt. With 247 runners I was paid out just over $650 including 8 bounties. I only entered it because late registration was open when I logged in.

On other fronts, my Full Tilt account is looking nice and healthy. Earlier this week I went past the $1k mark and after last night, I was up to $1.6k. Have withdrawn $600 today, which obviously means I played like a donk tonight and went 0/4. Mostly playing hilo STTs at the moment. Having built my bank up with a selection of $6 and $11 STTs I decided to try out a few $22 games as well. Initial results have been very good, though I have had too many 2nd places from a lead to be happy.

On Betfair, the balance is now up to £180, a result entirely driven by Omaha, including one profitable cash session when I was earning points for the merchandise mountain promotion. Managed 3 back to back $10 STT wins yesterday, followed by a 2nd, making it my best overall profit day since I won a trip to NY 2 years ago.

My Sharkscope graphs are still looking good, on both the Betfair and Full Tilt accounts, the upward tendency is still there, but August ROI took a bit of a battering due to low volume. I was quite pleased with myself until I checked markwales on Stars. He has been killing the 180 runner SNGs recently and his profit line has turned vertical, just so sick. Not played much on Blue Square or Everest lately, not really worth learning another couple of sites when I can make money at 20-40% ROI on the ones I focus on already.

Lastly, have invested in Poker Tracker Omaha version. I can't say I fully understand it, nor that it works 100% accurately, but it has verified a couple of things I guessed about my game before. Typically, I see 38% of the flops in Omaha in tournaments. Somewhat surprisingly, I VPIP 60%+ from the small blind, with only a very small negative ROI. I guess this is related to the number of tables I get HU at the end, often running 20-30 hands before a conclusion is reached.

My last game of the day is running now, a $33 18-man hilo SNG on Full Tilt. Currently 3rd of 7 left and the action is about to start getting interesting, so I must go and focus on that.

Wednesday, September 03, 2008

A Posting for Ray

A few days ago I said I would send Ray an email about getting rakeback on poker sites other than Betfair, instead of posting on the Betfair forum. It occurs to me that as this is my blog, I can promote other sites on here if I want, so here it is.

Firstly, even if you don't turn over a huge amount of rake, you can get reasonable deals from a number of rake aggregation sites. They don't really care how much you bring in, they just add it all up at the end of the month and send a bill to the networks. I signed up in Dec-07 with after a conversation with Smart Money - this was the site he used. It gives you access to about 15 poker rooms including Betfair, with rakeback ranging from 27% (Full Tilt) through to 37% (Betfair, volume dependent). Most sites seem to be offering 30%, and although the Full Tilt is the lowest %, I did some research and it seems to be their standard rate.

They also have bonuses on offer, if you play Full Tilt and earn 500 FT points in a month, you get entry to a $20k freeroll. I have managed to qualify for this once and from 600 runners I got a top 50 finish and $60. Rake more than $500 in a month and you get a 1 month subscription to the Stoxpoker training site.

Until this week, my rake was paid back to TITN from Full Tilt, with cash out options back to Full Tilt, Absolute, Ultimate or Cake poker networks. As of Monday, the Full Tilt rake will be paid weekly direct into my Full Tilt account. Rake from other sites can still go back to TITN and then be cashed out to one of the sites.

If you do sign up through here, putting in my referral code (miltonb) will get me a bonus and a guaranteed couple of beers for you if we meet up at any time. A lot of the sites offer sign up bonuses, including FT, which will pay out up to $600 incrementally on a 1:1 basis depending on rake earned. When you do earn this sign up bonus, your rake back will be reduced by 27% as they would otherwise be paying you twice.

I like Full Tilt, it is generally easy to find a game whenever I want one. The tables are easy to move around and resize, plus whatever poker tool is your favourite, it will work with it. I mostly play low stakes HiLo STTs from $6 to $22 and if you want to find me, look up "electric chair" in the players list. I have found that for me, the $5 rebuys are profitable, having cashed (and won a couple) at Holdem, PLO and HiLo. Whatever your game though, there are so many more options than Betfair. However, because it is not linked to a betting site or Exchange, the players are probably a slightly better standard. It did take me a month or two to get used to the feel of the games and the players (see the Sharkscope graph for evidence of this), but have now found my feet and can play games without fear of being the worst on the table.

Tuesday, September 02, 2008

August Half-Month Progress

First half of the month was a no poker zone, decided it was cheaper to stay married than get a 3G dongle to play poker on holiday, at least this year anyway (no, she does not read my blog!).

Once I got back I had the APAT WCOAP Omaha to look forward to at the end of the month, so started playing a few PLO games on BF again. Having played 31 games, I managed to cash in 19 of them and won 8, 29 of these were 9 seaters, only played 2 6-paks and did not cash in either of them. End of month balance moved up over £100 and I easily met the Stax improve goal for an additional $25.

On Full Tilt, I had a bit of a topsy turvey month, managed to win a couple of $22 Hilo STTs, but ran sick bad towards the end of the month and think I went 6 without a cash. Also managed a 2nd in a Hilo $5 rebuy for nearly $300 profit in one go. Overall, managed to end the month with a balance of about $900, having been one STT result from going over the $1k barrier a couple of time, I have slipped back to $800 since. I don't think I am actually playing too bad, but will probably be investing in some kind of tracker this month to work out if this is really the case or if I was just running uber-lucky before. Poker Tracker Omaha looking favourite, though Omaha Indicator looks interesting, will probably see if I can make it work on the play money games and see if it is any good.