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Keeping Warm in Winter
AAroddersAA:
--- Quote from: Fatcatstu on December 26, 2011, 09:29:10 AM ---
Stone cold. Quick question if you dont mind.
Started playing (mainly) 18man sngs on stard last night, gonna give them a good grind, or so was my intention.
Had success so far, but when you play, do you not find the seemingly very very very small winnings you can have at micro stakes life tilting?
hope you had a good christmas :)
--- End quote ---
Did have a good Christmas thanks, working all this week :-(
But off all of next to make up for it :-) So after the New Year festivities are over and done with I will be starting the 2012 grind and am looking forward to smashing it next year.
The seemingly very very small winnings are indeed a massive issue. Yes, I agree, it can be really tilting. It"s also easy to start letting your expectations get out of control. As I have mentioned previously I did that at the start of this year based mainly on running like god for the second half of 2010.
In my case this has lead to me playing for too long and playing at times where I am just not in the right frame of mind or when I am not feeling 100% (for example a little bit tried after a long day in work). This makes a losing session more likely and this has happened to me time and time again, you then think you will just play a little longer to try and get it back to even, which is the worst thing you can do. As I have said before I have lost more money this way than any other this year.
What I think the best thing to do is plan out what you want to achieve each month and check it is realistic. In my case I know that playing $25nl cash games I tend to run at about 4BB/100 hands when playing well. So if I play say 10K hands per month (which is very doable) . Therefore my expectation per 100 hands is $2. So my expectation for the month is $200. But I don"t always play well so I may actually only run at 3BB/100 so realistically I can only expect $150. Which is less than £100. You need to decide if this makes it worth your while.
Another problem is that you can swing more than the monthly expectation is a day relatively easily, I have had 3 days this month where I have won or lost more than 4 buyin"s). When you win you have to keep expectation in check and when you lose you have to not get to tilted by it. I think (hope) I have learned a bit about that this year and expect to be much better at this in 2012. I am going to post goals before the end of this week.
In your 18 man sit n go"s I am told that an ROI of 20% is really excellent (can a sit n go player correct me on this if I am wrong my knowledge on this is not great). So you can expect to win $1 per sit n go. If you multi table them using tools like Table Ninja and of course Poker Tracker/Hold'em Manager then your ROI will go down but you play more so your actual monthly profit goes up as you play more. If I was to play 18 manner"s I would set a target of an ROI of 10% for the first month and see if that can be achieved. If you play 200 of them your expected profit is $100.
So I guess what I am saying is the best thing you can do is set your goal at the start of the month and keep it in mind throughout. It"s not easy to do and far to easy to get carried away with short term good results and tilted over short term bad result"s. Try to limit a session to x number of sit n go"s and stick to that (if you lose accept it as you will get more good sessions than bad one"s and this will wipe out the bad sessions but they WILL happen). Don"t get too down on yourself over mistakes everybody makes them.
So with micro stakes it is a question of if you can be bothered to grind out the small wins and hot your monthly target. I would say though this is the best way of making a consistent profit at online poker.
I went on for much longer than I meant too there but I am fairly confident that it is accurate. Hope you do decide to make a go of the $5/$10 sit n go"s. Would be very interesting to follow your progress.
AAroddersAA:
That Ace of Spaces that comes up every time you try to use the word as at the start of a sentence is infinitely more tilting though. Not bother with capital letters from now on :-)
Paulie_D:
--- Quote from: AAroddersAA on December 26, 2011, 23:12:23 PM ---
That Ace of Spaces that comes up every time you try to use the word as at the start of a sentence is infinitely more tilting though. Not bother with capital letters from now on :-)
--- End quote ---
It"s a grammar filter...perhaps. ;D
One should not start a sentence with a preposition.
AAroddersAA:
Goals and Ambitions for Poker in 2012
I have given these a fair bit of thought. I want to make them achievable for myself without having to spend every spare second I have playing online poker (which was my initial mistake this year). I am therefore spliting it into monthly goals depending on how I am doing at the beginning of each month.
I will also have an overall set of goals for the year to work towards. The goals are definately going to be online based as I am still unsure how much live poker I am actually going to play, it"s not likely to be much at all, probably just main events at a few APAT's, so best leave it out of any goals.
Firstly a volume goal. Goldstar is too hard to achieve every month at the levels I play. Therefore I just need to do enough to get Silverstar so I will say the below:-
On Pokerstars
120K hands at $25nl Hold "em.
12K hands at $25 (250bb deep) deep stacked PLO
300 180 man sit n go"s at $4.50
25 Big $11 Tournaments
A mistake I have made this year is trying to play too much online poker, just to get even for the day, or because I am bored. This leads to playing when I am not in the right frame of mind. This is -EV and I need to stop it now. This is probably the mistake that costs me the most money. It is very important to remember when playing $25 nlhe the long term expectation for 100 hands is about $1 max when multuitabling. So the goal here is to maintain discipline as often as possible. Each month I may do an upper limit on cash hands played.
Play some online APAT's if they continue to run and win an online APAT medal. I have 3 National Championship medals and I have won one team medal from the Home Nations. They are all live medals. I have always considered online poker to be of a better standard than live poker and even though in this case it is very much the same player pool. I consider myself an online player so would like an online medal. If it was gold, well all the better.
Keep an accurate record of profit and losses for the whole year and keep it updated in this thread. Profit and loss for Cash Game"s / sitngo and MTT
Make 50 strategy posts in the APAT Acdemey section with the goal of contributing to the community
Finish 2012 in profit.
I will post my goals for Jan some time this week but believe these are good objectives for the whole of 2012 imo.
An Overview then - over the course of 2012
1 ) 120K nlhe cash hands
2 ) 12K PLO cash hands
3 ) 300 180 man sit n go"s
4 ) 25 bigger $11 tournaments
5 ) Stick to allocated volume each month don"t play too much or when not in right frame of mind
6 ) Keep an accurate record of all wins and losses online each month
7 ) 50 Strategy post in the Acdemey
8 ) Win an online APAT medal
9 ) Finish 2012 in profit
Smart Objectives FTW
TheSnapper:
120K hands at 25nl is decent volume and worth about 1k a year rakeback on a euro site offering a decent rakeback deal. Some 50% deals still available (I can point you to a decent affiliate). Playing this volume on Stars is -EV.
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