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Bank Roll run...

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Bank Roll run... - Mon Mar 28, 2011, 02:10 AM
(#1)
JDean's Avatar
Since: Aug 2010
Posts: 3,145
BronzeStar
Folks...

I am posting the following in the hopes that some of oyu can see some benefit form this.

BACK STORY:

Recently I was sent $20 by a kind PSO'er who knew I was broke and in need of VPPs. Since I like to play no lower than $1.20 single Table SNGs, I knew this was a very "short" bank roll for my chosen game type/level. Still, I felt I had enough of an "edge" to stand a reasonable chance to GROW my BR amount before the inevitable bad streak set in.

I was wrong.

Over the course of the next 2 weeks or so, despite running just UNDER the nominal "1/3rd" cash rate you;d expect in a 3 paid/9 person field, and despite booking roughly 55% of my cashes as 1st places, I was sitting almost EXACTLY where I started; after 75 games I basically had like $19.89! Then "disaster" struck...

I hit a skid of 10 games with no cashes at all. I fought to re-build over the next week or so, but eventually the inevitable ame to pass...I busted off that short BR.

That night I resolved to never play on a short BR again. Instead, I would take short money situations, and regard them as "risk/reward" opportunities, and seek higher RETURN events (like MTT) even if it meant long term cash building potential. I planned on taking a poker "hiatus" for about a month or so, at which time I would be able to deposit $50 and have a viable BR to off-set the swings that come in any poker endeavour.

Well...

A friend of mine thought it was absurd that I stop playing completely, and he was kind enough to send me $6.60 on Full Tilt. I took $2.20 of that an gave it a "shot" in a 90 person MTT; I took th for $11. I then bought into a couple more events without a cash. I stood at +$3.15 for the night, and was thinking aobut quitting, when I saw a $3.30 MTT only 4 min into late reg- I decided to give it a go...

I wound up taking 2nd in that event, for a little bit over $97!

I shipped back $16.60 to my benefactor, and quickly found a few nie folks to do a cash trade with me so that I then had my $50 on Stars...I was back in ACK-SHUN!!!!

\o/

Even though i had my $50, I was a little bit reluctant to go back to my normal $1.20 SNG with a little over 2% of my BR in play on each event; the spectre of being on "short money" still loomed large in my psyche...

I talked it over inside a couple of on line poker groups I belong too, and a palyer I respect highly suggested that instead I should try to find a "niche" where I felt I had a clear "edge". Instead of rushing out to play, I took that advice to heart and thought on it long and hard...

I knew RING GAMES tend to be by far the more "steady" form of game to BR build on.
I also knew I had experience playing full tiem live games with a decent amount of profitability.
Unfortunately, I am quite "rusty" at NLHE ring play, since I stopped playing full time live over 2 years ago. Most all "free roll" games on line are MTT type events, and as those were the only games I could "afford", my cash game had kinda gone to pot...

Then it came to me: STUD!

All poker players must recognize that Hold 'Em, and NLHE especially, has a TON of information available designed to make novice palyers better. This entails a smaller "knowledge gap" between the novice palyer, and the medium level one (me).

In less popular games, like Stud variants and Omaha, there is far LESS information, and the players are often VERY "clueless". The current dearth of information bodes well for this continuing, at least for the near term.

I am a very AVERAGE Omaha player at best, but I used to paly in a live $2 to $10 spread limit Stud/8 game live, and was a consistent winner. So I do have quite a bit of Stud "knowledge", even though my actual time spent studying that game is far LESS than what I have put into Hold 'em...

VIOLA! I had my "niche".

I thought I'd give it a try, and to date (about a week later), this is my Results:

$50 Bank Roll Run

Start Date: Session #1 03/21/11 (~2130 to 0415 3/22/11, 6 hr 45 min total)
Start BR: $50

Event #1 Start BR = $50.00
3376220974
$1.10 FL RAZZ MTT
2500 Start Stack, 15 min levels
76 Runners ($20.97 for 1st)
12 Paid ($1.93 for 9th to 12th)
Finish: 5th
Return: $5.32 ($4.22 profit)
New BR: $54.22

Event #2 Start BR = $54.22
377583971
$1.20 NLHE 27 Man SNG
Finish: 23rd
Return: $0
New BR: $53.02

Event #3 Start BR = $53.02
376202282
$0.55 NLHE $500 GTD MTT
3000 Start Stack, 15 min levels
Runners 2354 ($192.21 for 1st)
Paid 342 ($0.94 for 342nd thru 289th)
Finish: 1113rd
Return: $0
New BR: $52.47

Start Date: Session #2 03/22/11 (1545 to 0140 3/23/11, 9 hr 55 min total)
Start BR: $52.47

Event #4 Start BR = $52.47
376223725
$0.55 NLHE $500 GTD TURBO MTT
3000 Start Stack, 5 min levels
Runners 6924 ($531.02 for 1st)
Paid 900 ($0.90 for 856th to 900th)
Finish: 1125
Return: $0
New BR: $51.92

Event #5 Start BR = $51.92
413010742
$1.10 NLHE $4000 GTD MTT
3000 Start Stack, 10 min levels
Runners LOTS!
Paid 810
Finish: 153rd
Return: $3.85 ($2.75 profit)
New BR: $54.67

Event #6 Start BR = $54.67

$1.10 FL RAZZ MTT
2500 Start Stack, 15 min levels
75 Runners ($20.70 for 1st)
12 Paid ($1.91 for 9th to 12th)
Finish: 71st
Return: $0
New BR: $53.57

Session #3
3/23/11 1600 to 1745 (1 hr 45 min total)

Table #1
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $0.31, -$1.29 <profit>
Start BR = $53.57
New BR = $52.28

Table #2
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $3.17, $1.57 <profit>
Start BR = $52.28
New BR = $53.85

Table #3
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.01, $0.41 <profit>
Start BR = $53.85
New BR = $54.26

Table #4
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $3.80, $2.20
Start BR = $54.26
New BR = $56.46

Total Cash Stud Session Results: +$2.89 over 1 hr 45 min of 4c/8c

Session #4
2105 3/23/11 to 0245 3/24/11 (5 hr 40 min total)

Event #7 Start BR = $56.46
378162035
$1.20 STUD/8 8 Man SNG
Finish: 4th
Return: $0
New BR: $55.26

Event #8 Start BR = $55.26
$1.10 FL RAZZ MTT
376220976
2500 Start Stack, 15 min levels
Runners 72 ($19.86 for 1st)
Paid ($1.83 for 9th to 12th)
Finish: 13th
Return: $0
New BR: $54.16

Started Cash Tables at 0130 on 3/24/11
ended Cash Play at 0245 on 3/24/11

Table #1
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $5.35, $3.75 <profit>
Start BR = $54.16
New BR = $57.91

Table #2
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $1.00, -$0.60
Start BR = $57.91
New BR = $57.31

Table #3
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.72, $1.12 <profit>
Start BR = $57.31
New BR = $58.43

Total Cash Stud Session Results: +$4.27 over 1 hr 15 min of 4c/8c

Session #5 (mini Session)
0340 to 0530 on 3/24/11 (1 hr 50 min total)

Event #9 Start BR = $58.43
378276451
$1.11 NLHE 50/50 SNG
Finish: 6th
Return: $0
New BR: $57.32

Cash Tables started at 0430, ended at 0530

Table #1
10c/20c Limit STUD Cash game.
Sat with $4.00
Left with $0.35, -$3.65
Start BR = $57.32
New BR = $53.67

Table #2
10c/20c Limit STUD Cash game.
Sat with $4.00
Left with $8.92, $4.92 <profit>
Start BR = $53.67
New BR = $58.59

Total Cash Stud Session Results: +$1.27 over 1 hr of 10c/20c

$0.16 total profit for mini-session since I off-set the SNG "loss" with cash table wins.

22.03 Hour "Review"

Start BR = $50.00
End BR = $58.59, $8.59 <profit>
17.18% Profit Margin
$0.3899 per hour return

SNG/MTT Events played:
2 x $1.10 RAZZ MTT
$2.20 invested, $5.32 returned.
241.8% ROI

1 x $1.20 27 man NLHE SNG
$1.20 invested, $0 returned.
-100% ROI

1 x $0.55 NLHE $500 GTD MTT
$0.55 invested, $0 returned.
-100% ROI

1 x $0.55 NLHE $500 GTD TURBO MTT
$0.55 invested, $0 returned.
-100% ROI

1 x $1.10 NLHE $4000 GTD MTT
$1.10 invested, $3.85 returned.
350% ROI

1 x $1.20 STUD/8 8 Man SNG
$1.20 invested, $0 returned.
-100% ROI

1 x $1.11 NLHE 50/50 SNG
$1.11 invested, $0 returned.
-100% ROI

Total for all SNG/MTT:
$7.91 invested
$1.26 profit returned
15.9% ROI

CASH GAMES:
$8.43 total profit

1.75 hr x 4 @ 4c/8c STUD (7 "table hours")
$2.89 profit
$0.41 per table hour profit

1.25 x 3 @ 4c/8c (3.75 "table hours")
$4.27 profit
$1.14 per table hour profit

Total for 4c/8c STUD:
$0.67 per table hour profit

1.0 x 2 @ 10c/20 (2 "table hours")
$1.27 profit
$0.64 per table hour profit

Total for ALL STUD Ring Table Play:
$0.66 per table hour profit

.................................................. ................................

Session #6
1755 to 1925 3/24/11 (1 hr 30 min total)

Table #1
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $1.88, $0.28 <profit>
Start BR = $58.59
New BR = $58.87

Table #2
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $1.67, $0.07 <profit>
Start BR = $58.87
New BR = $58.94

Table #3
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $3.40, $1.80 <profit>
Start BR = $58.94
New BR = $60.74

Table #4
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $0, -$1.60 <profit>
Start BR = $60.74
New BR = $59.14

During current Stud session you were dealt 292 hands and:
- saw fourth street 94 times (32%)
- saw fifth street 78 times (26%)
- saw sixth street 55 times (18%)
- reached showdown 40 times (13%)
Pots won at showdown - 17 of 40 (42%)
Pots won without showdown - 18

Total Session Return:
$0.55 <profit>
0.19c per hand played profit
36.67c per hour profit

Session #7
1950 to 0010 3/24/11

376220757
$1.10 FL STUD/8 MTT
2500 Start Stack, 15 min levels
Runners 150 ($34.55 for 1st)
Paid 24 ($1.57 for 17th to 24th)
Finish: 11th
Return: $3.00, $1.90 <profit>
Start BR: $59.14
New BR: $61.04

Session #8
0400 to 0445 3/24/11

Table #1
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.54, $0.94 <profit>
Start BR = $61.04
New BR = $61.98

Table #2
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.28, $0.68 <profit>
Start BR = $61.98
New BR = $62.66

Session #9
1945 to 2230 on 3/25/11

376220758
$1.10 FL STUD/8 MTT
2500 Start Stack, 15 min levels
Runners 181 ($39.96 for 1st)
Paid 32 ($1.35 for 25th to 32nd)
Finish: 125th
Return: $0
Start BR: $62.66
New BR: $61.56

Table #1
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $0, -$1.60
Start BR = $61.56
New BR = $59.96

Table #2
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $3.37, $1.77 <profit>
Start BR = $59.96
New BR = $61.73

Table #3
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.48, $0.88 <profit>
Start BR = $61.73
New BR = $62.51

Table #4
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $0, -$1.60 <profit>
Start BR = $62.51
New BR = $

Table #5
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $3.43, $1.83 <profit>
Start BR = $60.91
New BR = $62.84

During current Stud session you were dealt 250 hands and:
- saw fourth street 105 times (42%)
- saw fifth street 91 times (36%)
- saw sixth street 73 times (29%)
- reached showdown 49 times (19%)
Pots won at showdown - 25 of 49 (51%)
Pots won without showdown - 19


#note:
I accidentally deleted this record and left just a short cut on the desk top.
I just found it tonight.
As a result, I booked some play that is not recorded here.
I played one night on uber tilt, losing 1.75 BI in a 10c/20c game, then playing 2 x 3.40 SNG and failing to cash in both.
I then stepped up to 25c/50c Stud.
Luckily, I booked a $6 win there, and managed to partly off-set my losses.
I then Sat at a $5.50 SNGm and took a 2nd for $13.
While the $5.50 was going, I sat at a 25c/50c Stud game, and booked a $9 win.
That series of reckless BR games managed to net me a decent increase of around $9.50 total, but it SCARED me.
I feel the "loss" of this record may have induced me to go off like that, despite my PROMISE to myself I would not "ruin" this run.
That steam play had me as deep as money in my BR "in play" that left me only $34; that could have been ruinous!
I got out of it with right around $71.30 though, and the following night I just played the Stud/8 MTT (no cash), and 4 tabled 4c/8c Stud.
That semi-short session off-set my $1.10 MTT Buy in "loss", and also took me to around $72.30.
Tonight (0345 on 3/27/11), right before "finding" this record in my dust bin, I played 25c/50c Stud again.
I sat for like 4 hands before finding this, for a tiny $1.10 win.
I came OFF my tilt, and moved to single table my "normal" late night 10c/20c session and booked about a $2.70 profit; I lft largely because I found this, and could resume my record!

I ended the 10c/20c session because A) it was 0330 am, B) I could not off-set variance a bit by playing at least 2 tables (only 1 had an open seat), and C) Someone at my table was timing down due to potential steam.
normally I would have stayed to take advantage of the steamy player, but since I was already "up" for the session, and because it was late, AND because I couldn't multi table, I thought I'd book my win and be happy.

I have gotten thru this "experience" with my un-blemished all winning session record intact, and will resume the record tomorrow.

My new BR = $75.98

Session #10 (recorded)
1915 to 2215 (3/27/11)

Table #1
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.38, $0.78 <profit>
Start BR = $75.98
New BR = $76.76

Table #2
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.12, $0.52 <profit>
Start BR = $76.76
New BR = $77.28

Table #3
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $1.30, -$0.30 <profit>
Start BR = $77.28
New BR = $76.98

Table #4
4c/8c Limit STUD Cash game.
Sat with $1.60
Left with $2.23, $0.63 <profit>
Start BR = $76.98
New BR = $77.61

Cash Game session lasted only until my MTT began at 1950. 25 minute session.
Total Cash Session Return: +$1.63 <profit>

MTT Start: 1950 on 3/27/11
376220760
$1.10 FL STUD/8 MTT
2500 Start Stack, 15 min levels
Runners 139 ($32.08 for 1st)
Paid 24 ($1.45 for 17th to 24th)
Finish: 35th
Return: $0
Start BR: $77.61
New BR: $76.51

Total Session Return: +$0.53

Session #11
2255 to 2355 on 3/27/11

Table #1
10c/20c Limit STUD Cash game.
Sat with $4.00
Left with $5.03, $1.03 <profit>
Start BR = $76.51
New BR = $77.54

Table #2
10c/20c Limit STUD Cash game.
Sat with $4.00
Left with $6.87, $2.87 <profit>
Start BR = $77.54
New BR = $80.41

Total Session Return: +$3.90

----------------------------------------------

If you notice, I have yet to book a losing SESSION in that time, as all my mlti-tables were palyed concurrently, and I consider them 1 "session".

I have increased my BR by over $30, and when I get up to $100, I will consider a full time "move" up to the 10c/20c level. This is even before releasing an BONUSES too...

Besides blowing my own horn, my points in posting this are:

1) Playing any game on a short BR will carry a greaer risk of "ruin", even if otherwise you hold a skill "edge" on your opponents.

2) If you cannot build a reaosnable BR for a chosen game level, then the money is not truly "significant" to you.

3) If the amount on which you have to paly is not "significant" (it is easily replaced), then the only real consideration you should hae is how LONG you want to paly on that money; there is nothing wrong with seeking riskier" events so long as a) you have a skill advantage on opponents and b) that game carries a similarly higher REWARD.

4) Many heads are often better than 1. Bringing your situaion to a poker group can often yeild pearls of wisdom that you may have to search a lot longer for to find on your own.

5) It is VERY nice to have friends who take care of you, and no matter what it costs you, remember those friends when times are good.

so those are the lessons I have learned from my current little "run".

I hope anyone in a similar difficult situation can find some use in this little story, and any comments are welcome.

see ya!
 
Old
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Mon Mar 28, 2011, 11:22 AM
(#2)
roomik17's Avatar
Since: Aug 2010
Posts: 4,556
BronzeStar
Good stuff Jd I was like you with about 20 bux to my name, playing games I shouldnt have with my bank... going up to 30 and down to 10.. I managed to getthe 20 to about 150 then went on a bad run over my roll in 5.30 50/50 games and dropped to about 65 but have worked it back up to around 130 now and think I will finally try to use proper bankroll mgt and see where I can get to
 
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Cool Beans - Mon Mar 28, 2011, 01:34 PM
(#3)
Ol Mud's Avatar
Ol Mud
(Mudcreek)
Since: Jun 2010
Posts: 163
You know how much I like a happy ending, JD. ( NO pun intended ) I'm glad things are working out for you, ol bud. It's a good thing your hiatus was delayed. Take a break when you have a few extra thousand in your account and go on a cruise.

Ol Mud
 
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Tue Mar 29, 2011, 06:30 AM
(#4)
JDean's Avatar
Since: Aug 2010
Posts: 3,145
BronzeStar
WHOA!

Talk about "bad karma"!!!!!

sat at the 10c/20c tables today, and finally booked my first losing session...

they handed me my HEAD tonight!

I cannot count the times toniight I got run down when I held aces or kings up by gut shots, or guys statrting on totally un-coordinated cards!!!

Dropped 3 full BI ($4 each table), plus roughly half a BI at 3 other tables, for a total drop of like $20!!!!!

Luckily I traded someone $ on Tilt for Stars $, ($20) to replace the BR "ding".

turned it aorund a bit in a late 4 table session at 10c/20c, and re-couped about $7 total off the 4 tables...

so I am still clawing upwards at least! (even if i do not have $ on Tilt any more!)
 
Old
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Wed Mar 30, 2011, 07:40 AM
(#5)
JDean's Avatar
Since: Aug 2010
Posts: 3,145
BronzeStar
up to a bit over $94 now...
 
Old
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Wed Mar 30, 2011, 06:40 PM
(#6)
JDean's Avatar
Since: Aug 2010
Posts: 3,145
BronzeStar
Crossed the $100 mark today!

Woo hoo!!!!!!!

\o/
 
Old
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Wed Mar 30, 2011, 06:47 PM
(#7)
Dewski68's Avatar
Since: Aug 2010
Posts: 170
BronzeStar
Quote:
Originally Posted by JDean View Post
Crossed the $100 mark today!

Woo hoo!!!!!!!

\o/
WTG!!! Where's the like button? LOL

Dawn
 

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