Friday, February 10, 2017

Year-End Weatherford Tournament Results

I didn't have the great results I'd hoped for, but I did end up making the money (although that wasn't that hard to do).

My starting chip stack was below average and despite winning a decent number of pots in the early rounds, I never could catch up to the average stack in the room.  Players dropped out rather quickly at the beginning of the tournament (which isn't that surprising since most of them rely on the re-buys to have success in the normal weekly game).  I did feel that my overall strategy and implementation of that strategy was good.  Really, the only mistake I made in the tournament was the last hand I played.

With 18 players starting in the tournament, we were down to the final 10 and with one more player to be knocked out we would combine to a final table of nine.  There was one player at our table who had nearly all the chips and the rest of us were trying to survive.  Unfortunately, a few of the other short stacks at the table were doubled up and I couldn't ever get a hand to take a chance with at doubling my stack.  So while the blinds continued to rise, my stack never really increased at the same level.

Luckily for me, a player with a really great hand ended up being cooled by the big stack at the table and was eliminated in tenth place.  So we then went to nine players at a single table.  This is where I messed up.  I was in the eighth spot at the table and wouldn't be a blind for another five hands when I was dealt A-7 suited.  The action had folded to me and with only two players to not have acted and the two blinds left, I decided to try and steal the blinds and survive another round.  I moved all in.  The player to my immediate left considered his chip stack, which wasn't much more than mine, and he eventually called with A-K offsuit (which I felt was a no-brainer, but he isn't a big gambler).  The other players folded and I ended up missing a flush draw that came out on the flop.  I did hit a seven on the turn, but he had already paired his king on the flop.

So I was out in ninth place and made $50.  I worked so hard to make the final table with my small chip stack and then when I finally did I risked everything with a marginal all-in hand in late position.  Maybe I am being results-oriented because my plan to steal the blinds wasn't a bad one since there weren't many people left to make a decision behind me.  However, I probably should have passed on this situation and waited for a slightly better hand to make a stand.  Especially since going through the blinds once wouldn't have been the end of my tournament, but it would have severely crippled me and made my stack meaningless.  Implementing the sit-and-wait strategy would only have helped if I got a better all-in hand in the next four (unlikely) or had folded long enough to wait out one or two more spots to make a little more money (also unlikely).

The results of the tournament were as follows:
Andy H. - 1st place
Paul M. - 2nd place
Wes M. - 3rd place
Scott F. - 4th place
Jason H. - 5th place
J.P. - 6th place
Darrel K. - 7th place
Dennis W. - 8th place
Matt C. - 9th place
Brandon H. 10th place
Jason S. - 11th place
Troy J. - 12th place
Michael B. - 13th place
Brandon C. - 14th place
Paul D. - 15th place
Danny S. - 16th place
Mark J. - 17th place
Randall W. - 18th place

I expect next year to do better as I will have gained more knowledge, refined my strategy, and increased my starting stack.  Unfortunately I have to wait about 11 months for that to happen.

Friday, January 27, 2017

Year-End Weatherford Tournament

It has finally arrived.  All the work and hours put in at the Thursday night tournaments in Weatherford have led up to this weekend.  Every tournament I played, I received points depending on how deep in the tournament I made it and this year I qualified by receiving at least 3,000 points.  I actually have 4,150 points, which is how many chips I will start the tournament with.

While I'm not sure of the exact seating order, I do know I will be at a table with Darrel, Brandon C., Wes, Randall, Baird, Danny, Dennis, and J.P.  Of those eight opponents, three have less starting stacks than I do and the biggest stack is Darrel, with $8,575.  Four of those guys (Brandon, Wes, Randall, and Danny) are very active players who like to bluff.  What that means is that despite starting with so few chips, which the average starting stack in the room is $5,275 and at my table it is $5,100, I feel confident that if I can play a solid game early then I should be able to build a large enough chip stack that I can start playing a normal strategy.

In the past few weeks I've implemented a few new tactics at the table and the most recent tournament last night resulted in a second-place finish (which I chopped with first and third, so I might have finished one place higher or lower if it had played out).  I am feeling good right now about my mental approach and hopefully I can get a little lucky in order to finish high in the money.

First place wins $2,000 and that would be a great boost to my bankroll for 2017.  Wish me luck and I will post results on Monday.

Thursday, January 19, 2017

New Strategies To Incorporate

I don't know what it is about 2017, but I am really into poker again.  I have been consuming as much strategy and advice about poker as possible and want to really improve my game over the next few months in order to have this be the most profitable year yet for my poker playing.  While I have already set forth some yearly goals in regard to my play, I need to also have a place for strategy goals.  And that is what this will be.

When I hear a tip or strategic play that could be introduced into my game more to see whether it improves my profitability, I want to write it down somewhere that I can remember it and look back at it again and again in order to see in what situations it works and in what situations it doesn't.  This post will be that reference point.  As I learn more tips and try new tips, I will post their results and see if it works.

Strategy #1
  • Check-raise more.  Especially on the flop, pull off the check-raise bluff.

Strategy #2
  • In tournament play, limp early with low-to-medium pocket pairs when the pot starts small and raise late in order to steal blinds that are worth more.

Strategy #3
  • Raising in late position more frequently with a wider array of hands.
As I come across more pieces of information to better my game I will include them, but for now I am going to focus on just doing these three tactics.

Wednesday, January 18, 2017

Thinking Poker Podcast Tip #2

In the semi-monthly game I've been playing in Weatherford we have introduced Omaha, and even more recently we've added Omaha High-Low, which I don't love but am trying to get better at as quickly as possible because I think it will be a profitable game for me in the end if I can learn the correct way to play it.  In a recent podcast from late last year on the Thinking Poker website I listen to, they included an Omaha High-Low hand that incorporated a tip I wanted to get down onto paper.

"Non-nut lows are a lot more valuable when an ace or deuce is on the board, given that ace-deuce is so commonly played.  When ace-deuce does make the nut low, especially in a raised pot, it’s pretty likely out there, versus when there is an ace on the board, now the chances are better of someone else having a non-nut low be the winner.  It’s far more likely that someone with a four-three will win for the low with an ace on the board than ace-four will win with a three on the board."

Thursday, January 12, 2017

Poker Tip From Thinking Poker Podcast

I've had a recent resurgence in wanting to play poker and because of that I've been digesting as much information about the game as I can, which has led to listening to a poker podcast from Andrew Brokos and Nate Meyvis called Thinking Poker.  It's pretty good and I specifically listen to the strategy lessons that are provided with each podcast.

Since I am trying to meet some poker goals that are a bit loftier than I've ever attempted before, I want to ensure that I have the most knowledge and greatest edge at any given table.  Therefore, any tips or pieces of information that I feel require remembering will be put down on this blog so I can refresh my memory in the months and years to come.  So here is a tip I got from a recent podcast.

"When you have strong hands you should not be trying to induce bluffs.  When you have strong hands you should be trying to induce calls.  And you have to bet to do it."

I generally don't rely on others to make bets for me and don't try to check-raise on rivers much.  I've just seen too many times it go check-check for a showdown and the player in an earlier position is beside himself because he thought his opponent was going to bet for him.  However, this tip is worth noting because it can be utilized in other scenarios than just a river bet.

Obviously there are situations when a check is warranted because you hold such a powerful hand that you don't mind someone drawing to a lesser hand and betting early in the hand doesn't allow them to have good enough cards yet.  But most of the time when holding a powerful hand, you don't want to miss opportunities for putting money in the pot.

So remember this: don't plan to check-raise unless you don't see any other way of getting money in the pot on a certain street, your opponent is such an aggressive player you are certain he will take a stab at the pot, or your hand is such a good one that allowing free cards can't possibly hurt.

Friday, January 6, 2017

Yearly Reviews: 2009-2016

It's been nearly two years since I've posted anything to this website.  With the little time I have to write I mostly focus my time on my other blog.  Another reason I don't have too much to say on this website is my poker play is limited to about twice a month in a regular Weatherford game.  So there just isn't much to even discuss when I do have the time to focus on this part of my writing.

Since it has been so long, I figured it was time to look back on 2016 (and 2015 since I didn't post anything about that year either) and see how my year-end results compared to previous years.

In the past year I played approximately 110 hours and won $1,675.  This equates to a $15.26 hourly rate.  My biggest win for the year was $960 in a Texas hold 'em/Omaha hi-lo mixed game.  My largest loss was $450, also in a hold 'em/Omaha hi-lo mixed game.

My tournament play  for the year was pretty poor, seeing only a few cashes in a $40 re-buy tourney.  For the most part my money was made in the cash games that followed the tournament.  I do a good job of limiting my buy-ins for the tournaments to a maximum of two (and normally it is just the single buy-in), but once the re-buys end I usually haven't amassed enough chips to handle the increasing blinds.  I need to have a large enough stack once the re-buy period ends to be able to make some plays pre- and post-flop and be aggressive enough to not play scared against the players I consider better than me.

So how does my 2016 compare to previous years.  Let's take a look.

2016 - profited $1,675 at a $15.26 hourly rate
2015 - profited $955 at an $8.20 hourly rate
2014 - profited $745 at a $10.31 hourly rate
2013 - lost $450 at a $3.79 hourly rate
2012 - profited $1,205 at a $12.96 hourly rate
2011 - profited $770 at a $15.56 hourly rate
2010 - profited $1,615 at a $10.25 hourly rate
2009 - profited $1,615 at a $35.50 hourly rate

In the past eight years, I have profited $8,130 playing poker.  My average profit per year is $1,016.25.  My average hourly rate is $13.03.  That is better than minimum wage, but certainly not good enough to make poker a viable option as my only source of income.

Stacked up against previous years, 2016 was a great one.  I had my highest profit for the year and my third largest hourly rate.  I also saw my second highest single-session profit (the first being a profit of $1,185 in 2010 that paid for our refrigerator).  This year's big win came in December and helped pay off some Christmas debt.

Looking forward to my poker playing in 2017 I would like to set a few goals for myself.  The most hours I've ever played in a year is 157.5 (that was in 2010, prior to adding the two boys to our family).  I'd like to increase my total time played to the most ever since keeping these stats and I'd also like to have a winning hourly rate of $20.  If I meet both of those goals, my minimum profit for the year should be nearly $3,200.  That would be almost twice as much as I have ever won before in a single year and would help establish a full-time bankroll dedicated toward poker only.  That leads into my third goal for 2017: to have a bankroll again.  I would also like to get back into continuing my education in poker with other means that experience, even if that means reading some books I've studied before.

So the four goals for 2017 are this:
1. Play at least 158 hours of poker.
2. Win at an hourly rate of $20.
3. Start a bankroll dedicated entirely to poker that will provide for 2018.
4. Read some literature on poker strategy.

Hopefully I can meet all four goals and post a few entries here along the way.

Wednesday, February 11, 2015

WinStar (February 5 & 6)

Setting goals, listening to podcasts, reading articles.  It was all for naught.  I played twice at WinStar, losing both times for a grand total loss of $450.  This puts me down for the year $100.  I have sworn off WinStar because I simply cannot win at that casino, but I’m sure that will last about as long as any of my previous commitments to swear off the cruel game of poker.
 
I had four hands worth discussing, with one of them still haunting me today because I truly am not sure whether I made the right decision or not, but we will save that one for last.
 
The first situation was after playing for about five hours the first night.  I had been down nearly all night and prior to the start of this hand I was close to being back to even.  I had about $230 to start the hand.  I was dealt pocket queens with seven players at the table.  After the blinds had posted and another guy limped, the player to my immediate right, who had only been at the table for four hands, made it $8 to play.  I re-raised with my queens and made it $35 to play.  That is a little higher than I might usually re-raise when the original raise is $8, but nothing crazy in my opinion.
 
The action folded back around to the original raiser, who didn’t take long to say he was all-in.  Since this was only his fourth hand, I had no idea what kind of player he was.  I had worked so hard for so long to be where I was.  Had I called and lost, I would have been left with $80 and I wasn’t buying any more chips that night.  I didn’t want to risk so much on a hand I was either dominated, dominating, or a coin flip to win.  I elected to fold and wait this guy out.
 
It turns out I didn’t have to wait long.  About 30 minutes later I had figured out that this guy was extremely aggressive, raising pre-flop every third hand on average.  On just such a hand that he raised $7, I looked down to see pocket queens again.  I said out loud, “Let’s try this again,” and I raise it to $35 again.  This time, instead of re-raising me all-in, he just calls after everyone else folds.  The flop comes 9-8-3 and I bet $50 after he checked it to me.  He calls the bet and the turn was a 10.  He checks again and I was left with only $85 at this point.  The pot had $170 in it and I decided to push all-in.  He called very quickly and showed pocket nines for a set.  I didn’t hit a queen or jack on the river and was busted out.
 
Being that he simply called my re-raise the second time makes me think he had a stronger hand the first time and my fold was correct, but his aggressive style of play also makes me think he didn’t have a better hand than my queens and I should have called.  Before leaving the table I asked him what he had on the first hand that we didn’t show and he at first acted like he didn’t know what I was talking about.  He was a foreigner to this land, so that might be true, but once I got him to realize what I was talking about he said he had a pair.  I told him I knew that, but how high.  He said he couldn’t remember.  Uh-huh, likely story.
 
A big hand I won on the first night of play didn’t go how I thought it was going to.  I had K-10 of hearts and after limping into the pot we saw a flop of Q-J-5 with one heart.  There was a bet of about two-thirds the pot and a caller.  I elected to call and see what happened on the turn, which was the 7 of hearts, giving me an open-ended straight draw, flush draw, and possibly a draw to the king for best pair.
 
I checked the turn and when the player behind me bet about half the pot, the third player called and I decided it was time to make my move.  I raised all-in and was prepared for either both to fold, both to call, or to get it heads-up and draw for my better hand.  The initial bettor on my left thought for a long time and finally decided to call me.  The third player folded.  I told my opponent that he was ahead at this point, but that I had a lot of draws.  After seeing my hearts, he responded (not in a condescending or annoying way) that I didn’t have as many outs as I thought.  He flipped up A-Q of hearts.  There went my flush draw.
 
That left me with three kings, three aces, and three nines (the nine of hearts gives him a higher flush).  A black nine came on the river and I more than doubled my money.  This win put me near even for the night and I was about ready to call it quits when I came into the two queen hands mentioned earlier.
 
Other than the hand I am saving for last that was about it for the first night.  I had a really good $1-2 table and if I cannot beat that kind of table at WinStar, then there is just not any kind of table I can win at that casino.
 
The following morning was a disaster.  In 90 minutes of play I won three hands total and two of those were for pots of less than $10.
 
The most significant hand of the second session was when I held 9-9.  I limped into the pot and a player in late position made it $12 to go.  Two players ahead of me called and I decided to see if I could get lucky and hit a nine for a big payday with so many players involved.  The flop came 8-7-2 with two hearts.  The first player bet $22 and I went all-in for another $61, bringing the total to $83.
 
Despite not getting a third nine, this is a perfect flop for my middle pocket pair.  It is just below my hand, so any player who hit a pair is going to have to draw out on me.
 
At this point, the pot has $131 in it.  The original pre-flop raiser thought for about two minutes and finally decided to fold.  He later said he had tens.  The player on the button also thought for some length of time and decided to call.  The first player who led out for $22 decided to fold.  He said he had A-8 after the hand was over.
 
The turn was an unforgettable card and the river was a heart.  The player on the button showed K-Q of hearts and won the pot, sending me back to the hotel room swearing off WinStar poker.
 
And that brings us to the final hand of consequence.  At the beginning of this I had $225 in chips.  I was dealt A-K offsuit in late position.  There were two limpers in already and I elected to raise it to $7.  I should mention that this table was one that a $7 or $8 raise was the norm and it was within the first 20 minutes that this happened.  Both limpers called my raise.
 
The flop came K-6-2 rainbow.  Both players checked and I bet $15.  The first player folded and the second called.  The turn was a six, pairing the board.  My opponent almost immediately bet $75.  I responded by almost immediately calling.  The river was a two, creating a board of K-6-2-6-2.  My opponent didn’t wait long to push all his chips into the pot.  He had me covered, making it a $128 bet to me and there was now approximately $330 in the pot prior to my call/fold.
 
So what do you do here?
 
If any card comes on the river that isn’t a two, I think I would have called.  For my opponent to bluff the turn, that is one thing, but to then follow that up and bet everything I had on a river after my immediate call on the turn is a pretty bold bet if you have worse than my hand.  The only hands I could put him on that I could beat other than a complete bluff was K-Q, K-J, K-10, or K-X suited.
 
I go back and forth on whether he truly had me beat, but it was so early in the night, I didn’t want to call off my last $128 without being pretty sure I could win the hand.  Maybe I was playing too conservative in that position.  Maybe that is why I am ultimately a loser at WinStar, but I laid the hand down, hoping to get a chance to make it back later in the night.  Unfortunately things ended when, likely previously explained in this post, my queens lost to a flopped set.
 
Call me an idiot if you think I should have called the A-K hand.  Or tell me it was the smart move.  I really don’t know.  I can’t seem to separate myself from the situation to look at it objectively and make a decision.