Tuesday, November 9, 2010

2-7 Draw and the FTSOP

Well things have continued to go well today.  I have played a couple hours at 2-7 NL single draw and FL triple draw tables and have made a couple hundred dollars.  As I expected there are a few really bad players at the tables, I even had one hand that I made $50 on against a guy I am pretty sure did not even know the rules of the game.  It was triple draw and I had four cards to a 8 low in the BB and everyone folded until the SB raised and I called.  I hit my 8 low on the first draw, he bet I raised he three bet and I called.  We both stood pat and he bet out again.  I figured I would just call since I though with him raising both times he might have a 7 low, Stand pat for both and him betting with me calling again after the third draw and he flipped over 2 3 4 5 6.  In stud or Omaha where straights and flushes don't count for low that would be a really good hand but in 2-7 draw they do so his straight was a really bad hand.  The only way I can explain his play continuing to bet wtih that hand when I am standing pat and clearly not folding is that he did not know that straights count and thought he had me beat.

I also played in two $75 satellites for FTSOP events and won two $216 seats.  I will most likely enter event #1 tonight, and No Limit hold'em $800,000 guaranteed event and event #4 on Thursday, which is a $150,000 guaranteed Rush HORSE tournament.
including the value of my two tournament seats I now sit at $4060 getting back up toward my high once again.

Monday, November 8, 2010

7 Game Final Table and New Draw Games at Full Tilt Poker

For the first time I made the final table of a 7 Game tourney.  It was a $26 buy in with about 200 players and I finished 4th winning about $260.  I have not played many 7 Game tournaments, mostly because there are not many of them happening. 
7 Game consists of the same five fixed limit games as HORSE, Hold'em, Omaha hi/lo, Razz, 7 card Stud and 7 card Stud hi/lo, plus it adds, Pot Limit Omaha and No Limit Hold'em to the mix.
I really like playing the multiple game tournaments because I feel that I am well rounded and can hold my own in all the games.  Many players who enter this tournaments, especially with the low/medium buyins are weak in one of more of the games which gives me an advantage over them.
Full Tilt has also recently introduced a few new games to its line up, 5 card draw, 2-7 single draw and 2-7 triple draw, with the addition of Draw games to the Sud and flop games in its current lineup.
The 2-7 lowball draw games are games I have played before, although not a lot. 
When a new game is introduced that the average player may not have played before and has little experience in the represents an opportunity to those who are either already familiar with the game and can learn quicker then other.  I am going to try to take advantage of this over the coming weeks by playing these games as I feel I already adequate playing these games, and this will give me a chance to improve my own skills in games that I am not as familiar with in a setting that I think could still be profitable.

I have been doing well overall over the last couple days and have my stack back up to $3550.

Thursday, November 4, 2010

Free Falling

I am back all the way down to $2500 about half of my high mark.
The number of bad beats I have experienced in the last 48 hours has got to be a record of some sort.
My losses have come in both tournaments and cash games, almost all in hold'em and almost every dollar I lost was with a hand where I was a large favorite when the money went in the pot.
I have lost with AA several time as well as KK and QQ.  I have been beat by under pair hitting sets or guys hitting straights and flushes against me.  I would say the last 15 pots I lost I was at least a 60% favorite to win and a couple time better then 85%.
The two worst hand were when I had AA once and KK once and the flop came with under cards.  In both cases my opponent bet first and I raised all in more then the pot and twice I got call with the guy having nothing but a gut shot straight draw, no pair, nothing, just four outs and about a 15% chance of hitting and both time then did.  It is getting to the point where when the cards are flipped and the guy has more then 2 outs I know that I have lost.  This has to end at some point, but I am not sure how much more of this I can take before I just give up.  Hopefully things even out and I win a few hands when I am behind, and hopefully it happens in a tournament with a big payout at the end to get me back to where I was.

Thursday, October 28, 2010

Three Month Progress Report as of Oct 28


Three months in and I sit at $4100 down a bit from my high of $4900 reached a couple days ago, but well up from the $1600 I had one month ago.  I ran into a bit of bad luck to end the month, losing twice with AA in cash hold'em games, and getting knocked out of two tournaments with QQ.  The first the money went in pre flop and I ran into AA.  The second I made a re raise and got called, often a sign of a good, but not great hand like AQ or AJ, and the flop came 5 7 J.  I made a 3/4 pot size raise and was called.  The turn was a 2.  I put him on AJ and figured I could get all the chips in so I went all in.  He called and I was right, he flipped over AJ.  The turn was a J giving him a set and knocking me out.
I am very happy with my progress this month and hope to continue things.
November brings the next FTSOP, so I may try to win a seat to an event or two, I one I am really going to try to play would be Event 4 on Thursday Nov 11 at 21:00 which is a $216 Rush HORSE tourney with $150,000 Guaranteed.

Monday, October 25, 2010

Sometimes it Seems so Easy, But...

I have added on close to another $1000 in the last two days and now sit at $4700. 
I made a couple hundred playing in Rush Hold'em cash games and then made another $700 profit after making the final table of the $200 buy in $30,000 guaranteed Sunday Night HORSE tournament, which had 148 entries.  I finished in 7th overall taking a $900 prize.
I have made it deep into several tournaments the last couple weeks and over the last month have jumped from a low of about $1000 to today's new high of $4700 an increase of $3700 in less then one month playing about 50 hours total.  Those types of stretches make me feel like I could quit work and put in 40 hours a week playing poker and make more then enough to live on.  Then I remind myself that from Aug 26 until Sept 26 I had lost about $1800, and I could not pay the bills during stretches like that. 
I am almost three month into this and have turned $50 into $4700, but my journey so far has certainly reinforced how much variance there is in poker and managing that variance is the key to being profitable over the long run, because even the best players have losing streaks, especially when playing tournaments.

Friday, October 22, 2010

New High

It has been a long time since I hit a high of $2800 and I have finally broke past that point to set a new high.
I was down to $1500 when I entered a $11 buy in Rush tournament with 1543 players.
I took 6.5 hours, and over 1300 hands but I made it to the final two.  The top prize was about $3350 and 2nd about $2000.  My opponent had about 3,500,000 chips to my 1,400,000 and we decided to make a deal with me getting $2443 and up a bit over $2900.  It was a very long tournament considering it was a Rush and I played very patiently when I was short stacked towards the end of the tournament.  I was in last place with 30 players left and was also in last with 6 players left and both time I just waited for premium hands and got a larger stack to pay me off.  I was able to do this because of the slow blind structure as even when I was in 30th of 30 I had 25 BBs so thee was no need to get desperate.
With this payday I now sit at $3950 overall with about a week until the three month point.

Monday, October 11, 2010

Another Final Table

I am at another Final Table on Pokerstars.  This time is is a PLO H/L tournament.  it was a $10 re buy with 215 entries and a prize pool of $6430 and a top prize of $1318 with 9th getting $112.  I bought in for $20 and did the add on for another $10 so a $30 investment in total.
Before I discuss the final table I will update my play since my last post.  I had $2200 and moved up to $2400 before things went south.  I managed to drop back down to $1900 after that with a few bad beats and a couple bad decisions.
I am starting the final table with 137,144 chips of the 1,032,500 chips in play which puts me in 3rd place.
A first place finish would move me up to about $3200 crossing the $3000 mark for the first time and a second place finish would get me to about $2850 which would be a new high by $50.
On the 2nd hand at the fianl table a short stack goes all in and gets busted when his set of 10s loses to a straight who no low hand and we are down to 8.
I am out in 8th after re raiseing a K 7 7 flop with a AK in my hand.  The other guy at in the hand was the chip leader and I thought he was bluffing after raiseing pre flop with a low hand.  I was right the he had a low hand but it included a 7, so I was out.
I now sit at about $1950.