Thursday, August 5, 2010

First losing Day Aug 5

I only played Pot Limit Omaha today and have lost about $200.  I am not going to go over specific hands because all the hands I lost money on were pretty much the same situation.  Playing AAxx hands preflop.
I think that people in general open raise far to often with any hand that has AA in it and I do not normally do this.  The big problem is you are not very likely to improve your hand on the flop and it is very difficult to tell where you stand.  two pair is fairly common especially if you had more then one person call.
What I normally do, is limp in, and if someone else raises then I have the option to re raise.  The AAxx hand is most often about a 60% favorite to win against most other good hands.  For example As Ad 8s 4h is just under a 58-42 favorite to win against 9h 10d Jc Qc.  Those are good odds if you can get the funds in preflop.  If I can get 70% of my or my opponents money in the pot preflop by re raising then I will most often do just that and put the rest in regardless of how the flop comes up.  Usually this means someone has to pot raise with one other caller, if my re raise gets both to fold then I win a nice pot right there, most often I end up either taking the pot right there or getting only one caller for a bet that size.  I had this situation three times and lost all three about $75 twice and $60 once.  I was the favorite in each case and believe it was the right move, but I do have to loss about 40% of the time and I have had good success winning these until today so I am not going to complain and most likely will keep doing the same thing when to opportunity presents itself.
after 8 days I have $630 in my poker account and have made withdrawals of $1480.

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