Well it is the end of a financial year, and the end of what feels like a bad month for me. I decided to play one last session last night and I was brutalized. Over 1229 hands I had AA 5 times, went to showdown three times all-in and well ahead and got sucked out on each time! Two outer on the turn, 4 outer on the turn and runner, runner flush ….lol. Wow….just brutal.
I guess that saying you had a bad month when you actually won is not a bad thing. However the reality is that I played a total of 29,489 hands and won a whole 2 buy-ins ($20.88 ) at the not-so-impressive win-rate of 0.33 BB/100 hands.
The first comment to make is that 30,000 hands is by far more than I have ever played before in one month. Prior to this I was 2 tabling and would play about 8,000 hands per month. I have made the move up to more tables recently playing up to 10 at a time. However, over the last week or so I have cut back such that I usually play 6. I feel comfortable at this number and plan to continue with this. I usually play close to 500 hands per hour when I 6-table. I found that I was making to many rushed decisions at 10-tabling resulting in -EV plays.
One advantage of playing more hands per month is that it helps smooth out the bad runs. I had plenty during June but still ended up ahead (albeit only just!). Playing 8,000 hands you can have a bad losing month; this is less likely over 20,000 hands as you should have some winning runs along the way.
My current bankroll is $427.29. Interestingly my bankroll on the 1st January was almost the same! I haven’t gone anywhere! However my BB win-rate for the year is well and truly positive because having got my bankroll up to $600 I hit a bad run at 10c/25c NL which is 150% higher than 5c/10c. A loss of 10 buy-ins at the higher level is worth 25 buy-ins of 5c/10c. This is the justification for lifting the bar on when I move back up. Having moved up when I was at $500 earlier this year, I will not do so now until I have $625. This is made even more secure because of my Pokerstar bonus points. I have almost 12,000 FPP now. When I reach Silverstar status, I will be able to cash these in for $50 per 5,000 points. I have worked out that once I have reached 10c/25c NL I will have to play about 16,000 to 20,000 hands in a month to get the Silverstar status. By then I will probably have ~15,000 FPP, and be able to cash in for $150………6 buy-ins! I have to think positive and reflect that when I went back to 5c/10c NL towards the end of April my bankroll was $230, and I have been able to build it back up to $427.
I have taken some time to analyze my Pokertracker stats, and also to doing some reading. This has actually been extremely useful. There is so much info that can be gleaned from your stats, and I have a lot to learn to get the most out of Pokertracker. I will list a number of observations, comments, leaks, room for improvements, analyzes from stats and intended changes to my game as follows:
1. One of the my gut feelings is that my pocket Aces seem to have been cracked a lot in June. My pokertracker stats confirm that this has actually been a significant leak through June compared to May as follows:
Results of AA (June compared to May, 2008)
May: 79 times over 18,835 hands. W$SD 79.17% BB/100 hands = 869
June: 139 times over 29,561 hands. W$SD 60.87% BB/100 = 238.67!!!
In fact, I have won twice as much with KK than AA with almost exactly the same number of hands.
Now I don’t actually know what an expected W$SD and win-rate should be with AA, but it has to be a lot better than my June numbers. Of course I realize that I may have just played my AA hands badly and gone to showdown in bad situations. To clarify this would need a lot of analysis of each hand. However, there were a hell of a lot of times when I had my money in good and got sucked out on (as in the session last night).
2. Another leak that Pokertracker confirmed is that I have been flopping a lot less sets with pocket pairs than I should have. You are expected to flop a set 1 in 8.3 times when you have a pocket pair. Over 29,561 hands I had a pocket pair 1,731 times (1 in 17 times). On average you would expect to flop a set 208 times but did so only 120 times (1 in 14)!!!! Can that be right over this number of hands??? Thats 88 sets I missed out on!!!! My win-rate when I hit a set is 1,156 BB/100 hands. Thats 1017 BB’s that I have missed out on = $203.40 …… holy cow. I will have to recheck these numbers but they make fascinating reading. Maybe I am not so bad after all.
I thought this was wrong. I had a look back at these stats because I thought that it was too unlikely that I missed out on 88 flopped sets. The problem occurred because I included all pocket pairs, including those that did not see a flop. Of course I should have included only those pocket pairs that saw a flop; there were 1263 of these on which I flopped 121 sets = 1 in 10.4. I should have flopped 152, therefore I was 31 sets short (not 88). Still, that is 358 BB = $71.70 = 7 buy-ins.
3. I can’t blame it all on bad luck. One big leak is that I cold call preflop way too much. Overall I cold called 4%, however the number is 12% on the button, 9.5% in the cutoff, and 9% in position 2. This is very bad. My win-rate when I cold call is -72.1 BB/100 hands! This compares to > 10BB/100 hands overall in these positions. It is now all so clear to me ObiWan. Good TAG players will only cold-call 1-2% in these positions. The rationale is that if you think a hand is good enough to play, then you should be raising when you are in position. If you just call you will miss a lot of flops and be forced to fold. By raising you are taking the initiative and follow up with CBets even if you have hit nothing.
4. I have been interested in Stealing the Blind strategy’s recently. I have Attempted to Steal the Blind 24% of the time. This has been slowly increasing over the month. In April it was 20%. In June I Attempted to Steal 1,433 times which represents 1 hand in 21 which is just over 1 in every 3 and a bit orbits. My win-rate with these hands is 69 BB/100 hands = $200.15. Another wow stat. That means with the range of hands that I am Attempting to Steal, if it folds around to me on the button or CO I have a win-rate of 69 BB/100 if I raise, and 0 if I fold. I know good players have higher win-rates than this. I remember reading a post by the famous ‘Pokey’ (who by the way has excellent articles posted on TwoPlusTwo) which commented that he thinks that you can increase your Attempt to Steal % up to even 40% without drastically affecting your win-rate. This means an increment to your profits.
5. My VP$IP was 17.33% and PFR 12.79%. With points 3. and .4 it is now clear to me that I have to cold call less (which in earlier positions will mean folding), and playing more loosely (but aggressively) in late position. Making these adjustments will bring these two numbers closer.
6. I have been fiddling around with the HUD in Pokertracker in the last couple of days. I now display VP$IP, PFR, Total AF, % CBet on Flop, and % Fold when facing a CBet. I have played with the color configurations so that it now looks more attractive and more readable. I will have to think about what other stats may be useful but there will be a limit to what you can fit on the overlay. My intention is to use these stats more when making decisions as I have tended to be a bit lazy and not even look at the stats.
7. I do use Table Selection when entering games. The ideal game for me is a loose game (high see the flop %), with big stacks and a fast hand rate. However I tend to focus less on this because players come in and out very quickly at microstakes and any or all of those conditions can change within minutes. I am beginning to think that using Table Selection to Exit games is more important. I now realize that even at this level there are actually many very good players. There is a tendency to let ego get in the way and try to outplay these players…..to take them on. The fact is it is a -EV decision to take on good TAG players with stats like VP$IP 17%, PFR 15% and aggressive. My intention is to try to be wary of this, and if any of these players are immediately to my left, I am outta there…onto another table. The fact is you don’t need to take on good players…at microlimits there are plenty of bad players!
These are my thoughts for now. I am about to play my first July 2008 session now. I need to flop some sets!!
Cheers