Tuesday, April 15, 2008

Milestone time

100,000 hands of full ring

Well I finally cracked the 100,000 hand milestone and I think so far my venture into the rings have been a success. I've learned tons, and am progressing every day. I've really taken leaps in my game from money management to discipline, and of course my actual poker skills.

25nl



For those who don't know, I started playing full ring back in December of 07 after basically getting sick of tournaments, namely STTs. I actually started with 6-max, but decided after some meager results and some advice from Liam to try full ring.

Easily the biggest difference I found between tourneys and the rings was the implied odds and reverse implied odds. I could make tons off of small pairs and suited connectors if I got in the right spots, whereas I could lose tons with top pair type hands if I got too carried away with them.

After a small I ran pretty well through the ~11k hands I played there and quickly decided I was going to move up as soon as my bankroll allowed. I made about $16/hr playing anywhere from 6-8 tables at a time.



50nl



Moving to 50nl was a little different in that I started to actually see 'decent' regulars who played a winning game. There were definitely winning players at 25nl, but nobody who really killed the game. 50nl was where I started to have to actually exercise good table selection in order to avoid the regs. Aside from that there really weren't many differences in the move up. I found that stealing and isolation raises were a lot more profitable, but I also found some of the tougher players would pick up on this and would also do it themselves.

I took a decent amount of time to settle in to 50nl, but after I found my niche in terms of playing style and adjusting to the regs, I did fine. I made an average of $39/hr 8-tabling and more recently playing 12 tables at a time. The ease of moving up from 25nl left me with big expectations for 100nl...



100nl



100nl was a different story. I think that I can say, taking a completely subjective point of view, that I am one of the 'decent' regs there. That is, I'm no longer one of the guys that kills that limit like I did (and do) at 25nl and 50nl. I have run pretty damn badly through my 60k hands, but I definitely have not played optimal poker either.

The move up didn't make me play scared because the stakes doubled, but it in fact made my swings sting way more. I've had my worst swings at 100nl, and am currently on a ~25k hand sideswing. I'm pretty much at a brick wall right now at 100nl. I do know I have had very bad luck at 100nl, but it's run on for so long and with the poor play strewn in between the downswings as a result of the tilt, it's getting increasingly difficult to tell exactly what type of winrate I can achieve there long-term, or if I'm even a winning player. On average I only made $14/hr playing anywhere from 6-12 tables of 100nl.

I ran so poorly more recently (see march) at 100nl that my bankroll dipped down to a point where I could no longer comfortably play there. I'm currently playing 12 tables of 50nl at a time, usually for about 1,000 hands daily before my brain asplodes, and it's going very well. My MO at the moment is profits rather than progress, so just like my decision with 6-max vs FR, I'm sticking with 50nl. The new monitor is going to be in soon too, so I'll actually be concentrating on adding more tables which = more $/hr.



So overall, ignoring the fact that I can't seem to do well at 100nl, my venture has been a great success. Some random info:
  • Average of $21.35/hr on an average of 6.3 tables at a time
  • Avg of 4.24ptbb/100hands
  • $4,833.70 in profit
  • $3,828.55 in rake :O
  • Biggest pot won/biggest pot lost:




Results:

3 comments:

Zach said...

Nice, I'll bet you're glad you decided to move to the rings :).

And that's a shitload of rake, although the FPPs help make that less of a blow.

Nice job though and good luck in the future. Bet you can't wait to get that monitor :).

Jake said...

congratulations on a momentous moment! btw it is pretty bloody impressive that you've managed to come out even at all up at 100nl after some frankly obscene downswingz pain. And $2000 isn't exactly shabby! So muchos restecp :D

oooo can you imagine if ps had rakeback - that would be another wat, $1300? BASTARDS!

Sean said...

Nice job ChuckTs, you are da man. Something for me to look up to in the poker world. Keep up the good work.