Monday, December 24, 2007

Results 12/-17-12/23

I found a bit of a leak in my game that has been costing me a lot of money. It was always exploited but it was even moreso this week to the point where I really put some thought into it and I think I've found a solution.

I am definitely losing money on KK and am only a slight winner with AA. The problem is that I build these big pots pre and then bet the flop to protect, allowing my opponents to take the pot away from me on later streets, as I am usually not going to go AI on just an overpair if someone pushes on the turn/river for a bigger-than-pot bet.

To counteract, I am going to start checking the turn. This will allow my opponents to catch up once in a while, but I think it will be a nice play because it will induce bluff money on the river or increase my chances of having a decent-sized value bet called on the river. It's a strategy I use with hands like AQ when I flop top pair; bet flop, check turn, bet river. It looks very weak and I feel like it maximizes value on strong but not monster pots while still keeping some pot control.

I had a terrible week this week; part of it was running bad, but I also got bluffed out of about $500 in $2/5 with AA and KK when people check-raised or pushed on the turn on my continuation bets all in for gross amounts. It is really tough to call with AA on a nondescript board when someone raises your $100 bet by $500. Anyway, it is a good time to take a break, enjoy the holidays, and get my head back in shape. One bad thing about playing every day is you have very little time to reflect on hands and tune up your game.

This Week:
Earnings: -$325
Hours: 31
Hourly: -$10.48

Yearly:
YTD Earnings: $7619
YTD Hours: 322.5
YTD Hourly: $23.62

Friday, December 14, 2007

Results 12/9-12/15

Ran okay this week. This should be closer to expectation. Still have yet to run good for a week, it will be scary when I do. Once again, am not going to be able to work on my main earning days, Saturday and Sunday, because of part-time job requirements, which I am strongly considering quitting.

This Week:
Earnings: $1059
Hours: 34
Hourly: $31.15

Yearly:
YTD Earnings: $7790
YTD Hours: 305.5
YTD Hourly: $25.50

Tuesday, December 11, 2007

What do Chip Tells Mean?

It took me a solid 3 years to figure out what chip tells really mean. I had heard/read countless times before about how most pros find chip tells rather than facial or other body tells the most reliable. They study the manner in which players put their chips out when they're weak vs. when they're strong and by detecting a pattern, they can pick up a tell on their opponents.

Sounds easy in theory, but it took me forever to figure out what this really entails. One day, I was talking about it with a pretty good player and it just hit me. It is very true and incredibly accurate that if you look at the way a player releases his chips, it is a consistent tell about hand strength.

What is usually the case is that if a player puts his/her chips out very shakily, knocks over chips, or declares a bet while still in the middle of putting out chips (in other words, just looks very unsure and unconfident while putting out chips), he/she is bluffing. To give an example of the last statement, I was playing with a guy who had maybe $75 in chips in his hand and cut out two stacks of $20 very slowly before just saying, "I make it $150." He was bluffing and I caught him.

Conversely, when a player cuts his/her chips very smoothly and calmly, it implies a big hand. Also, the most obvious and common tell people talk about, shaky hands, implies a monster.

I wish I could put out video of this stuff, because while it sounds easy to pick up, it is actually pretty difficult to explain but such a vital tool in live play.

This concept also took me a long time because I started as a limit player, and I don't think this type of tell has any bearing in limit since people are only putting out 6 chips max per bet.

Here is a crystal clear example of how this tell is so important in live cash games and provides a huge edge over online play. I was playing in a $2/5 NLHE today, about $800 deep in a very aggressive game, and I had AdKd UTG. I limped in with the intention of reraising and a bunch of players called. A guy who was in the BB, a very weak player who with luck had ran his $500 stack into about $1400, raised to $25. He had been doing this shit consistently and I had been consistently popping him in the mouth to get him to stop. I raise to $75 and he just glares at me. I can tell he's fed up and he asks me why I keep doing that. I tell him, "Because I know you don't have a hand, you just love raising preflop." The table folds around back to him and he says, "You know what, I'm gonna call you, you're not doing this again this time." He makes the call and the flop comes down 5c-6c-7d. He immediately pushed $150 in the pot very very shakily when the door card of the 5c came out. He didn't even see the other two cards.

Now there is no hand here he can really represent since he should be scared of me having a big pocket pair here and he probably would have checked a set to me since I will always continuation bet here. It just seemed like such a bizarre bluff-type bet. The bet was big though, so I was in a real shitty position.

Then this guy starts talking. He says, "No matter what you do, if you raise I am going to call no matter how big it is." Strike one.

He then gets up and starts pretending to shout about the Bulls game on TV. He is just all over the place with energy, totally ignoring the hand. Strike two.

Combined with the crazy ass way he put his chips out, all shaky and stuff but not the same type of shaky hands that come with a big hand, I was just so sure this guy was bluffing, maybe he had pocket 8's or 4's but his hand couldn't stand up to a raise. I very very rarely make plays when I play low limit NLHE since the percentage of times you get called is so high and the players are so bad that you can pick better spots when you're like for sure an 80-20 favorite, but this seemed like such a good spot. I just knew this guy was super-weak and bluffing into me. I popped it to $400, telling him if his set cracked my aces he had me, and he insta-called! Uh oh, sometimes your read is wrong I guess.

We checked the turn and the river, though, and lo and behold, he flips up Kc 10c for no pair, just a draw! Sick! My AK high no pair no draw takes down over a $1000 pot! This was mostly because of chip tells and trusting my reads, things that I just could not do online. The $400 raise and talk of aces also froze him so he couldn't bluff on the turn or river.

I would always have to make this fold and give the guy credit online, but in live play this was a very easy raise.

Monday, December 10, 2007

An interesting hand

I hate posting hand histories, I think they're boring but I'll make an exception. Yesterday, I was playing in the $1/2, and I played this hand that had a lot of forethought into it.

I had j-8 in the big blind and the flop came a dream for me, one of the best possible for my hand, 6-7-9 rainbow, giving me an open-ended straight draw (OESD) to the nuts. My opponent was deep stacked and first to act. He took the lead, betting about 1/2 pot on the flop/turn. The river came a beautiful 10 and with no flushes, I held the stone cold nuts. He bet and I insta-raised AI, grossly overbetting the pot. Pot had maybe like $150 and I pushed $300 more. This is kind of a weird play, but this is where hold'em really becomes an art and why I prefer live to online play sooooooooo much.

I was Hollywooding this whole hand, making it very obvious that i was pretending to think about every call even though it was a clear call for me, basically telling this dude that I was on the open-ender.

How am I doing this?

I was holding the chips necessary for the call in my hand as soon as he made the bets and just staring as hard as I could right at his face, then after I took a few seconds to call, I grabbed a huge stack of chips in my hand before he bet the next street. These are all extremely obvious tells of weakness, which I am aware of and I am praying to god he is aware of too (I've played w/ him before and he is a player that at least understands the basics of the game).

Why am I doing this?

I know this guy will bet the open-ended straight in this fashion and I also know he knows I am capable of making a move. I am hoping he holds an 8 in his hand, giving him the 6-7-8-9 OESD. If that ten comes competing the straight, I want to stack him and make him think we are chopping and I'm just trying to steal at the end, even though I would hold the 7-8-9-10-J to his 6-7-8-9-10. The overbet AI is exactly what this looks like when the 10 falls. Unfortunately, he didn't have the open ended draw I put him on and he folded a set of 9's face up to my rather ridiculous raise, screaming at how I was such a fish for the next 5 minutes. I took it in stride, but eventually had to call the floor when he made bodily threats at me.

Even though I lost money by not making a normal-sized raise here that he would have called with his set of 9's, I definitely make lots of money with this play in the long run.

My thought process for this hand was pretty intricate too. When I saw the j-8 preflop, I was thinking, what is the best flop that can come down for me and what are dangerous flops that I need to use pot control on. I don't want the flop that will give me the nuts, like jjj or something. I want the flop that will make the most money for me by hitting other players too. This is what I thought:

Good Flops:
j-8-x
6-7-9
8-8-x
a-k-10
a-q-10


Note: against bad players (which all $1/2 and about half of $2/5 players are), the bottom two of these will make you soooooo much money in the long run, especially in deep-stack games where you can peel a card off against someone who can't get away from two pair.

Dangerous flops where I could go broke and need to play cautiously:
j-j-x
j-8-9/10/q/k/a

It gets very easy to get away from these types of flops/know when you're good when you get some experience under your belt. You will never be a good live player unless you can fold a big hand.

I included this HH for beginner players just to show you the type of thought analysis that should go into your hands. Hope you find this interesting.

Friday, December 7, 2007

Results for the week of 12/2 - 12/8

God what a rough week! I got coolered/bad beat a bunch of times and just ran so bad in general. Part of being a winning poker player is being brutally honest with yourself and recognizing the difference between running/playing bad, but I can pretty much say I ran terrible this week, accounting for most of my poor results. Last week, I played very poorly one day which attributes to the lower than expectation earnings for that time frame.

I am starting a part-time job as an ACT tutor so I will not be able to play at all Saturday or Sunday, my big earning days grrr. This week is therefore done, and without further ado:

IRS quick look that way!


This Week:
Earnings: $492
Hours: 32
Hourly: $15.38/hr

Yearly:
YTD Earnings: $6925
YTD Hours: 276.5
YTD Hourly: $25.05/hr

Wednesday, December 5, 2007

Remembering Chip Reese

I only had the pleasure of meeting Chip Reese one time, but it was a memorable one. I was in my first year working for PokerNews covering the final table of the first inaugural $50,000 H.O.R.S.E tournament.

The table was an impressive one to say the least, composed of Phil Ivey, Doyle Brunson, Andy Bloch, Dewey Tomko, Patrik Antonius, David Singer, TJ Cloutier, Jim Bechtel, and Reese. Chip was definitely one of the most well-respected players amongst his peers - as big name after big name went bust, narrowing the field, almost all of the players I interviewed told me they were rooting for Reese. I remember Doyle Brunson telling me that Chip Reese was due, that it would be fitting for such a great and classy player to win one of poker’s most prestigious tournaments and finally get some validation in the public eye.

I was sitting next to Chip’s kid for a large duration of the tournament, and although poker tournaments oftentimes aren’t the most exciting things to watch, he was devotedly sweating Chip and leading the cheering section each time his dad won a hand.

The tournament was a memorable one because of its length; it was the longest heads up match in WSOP history. After a 9 ½ hour final table and a 7 hour heads up match, Andy Bloch and Chip Reese were the only players left standing. The final hand came around 8 in the morning when Reese finally bested Bloch. The room at the Rio, which had at the beginning of the day held thousands of people, was down to less than a dozen reporters, Andy Bloch’s fiancĂ©, Reese’s family, and the cleaning crews. People could barely keep their eyes opened and Reese seemed more relieved than happy that the tournament was over.

While it would be more than understandable for Reese to want to go home and get some sleep, he stuck around and gave interviews to ESPN, myself, and anyone else that was still around, going above and beyond what was expected of his time. He was incredibly gracious in winning, complimenting Andy Bloch numerous times and modestly noting that he was lucky to win.

Poker is a community that is oftentimes criticized for a lack of class. Players screaming, drug problems, borrowing and going broke, and criminal activity all give poker a big black eye. Chip Reese was the antithesis of all of these things – calm and steady, polite, and regarded as untiltable. Poker today lost a great influence on the game, a great player, and a great person.

Monday, December 3, 2007

Watching for Mistakes

When I sit down at a no limit table, the amount of mistakes I see is oftentimes staggering. It is 100% true that poker is situational and there are many different ways to play a hand correctly, however on the flip side, there are also many ways that are totally incorrect and have no justifiable explanation. These plays will lose you money pretty much every time you do them (-EV) - Joe Sebok and Barry Greenstein refer to them as "zero plays" because they will work 0% of the time.

Most of the mistakes that people make too are so simple to correct - I want to just shake them by the shoulders sometimes and tell them, "What are you thinking? If you just do it this way, you'll make so much more. Here's why!"

If you are a losing player at these levels, it is not variance - low limit games are definitely beatable, and complaining about getting sucked out on, running bad, etc. is simply not a viable excuse. Right now, I am showing a profit in 74% of my sessions, which is ridiculously high. Most pros show a profit in maybe 60% of sessions tops.

When I sit down, on average, I can spot the winning and losing players within about an hour. I would say at the average 10-handed table, there might be one other winning player, a couple of players that make mistakes but are probably break-even, and maybe 4-5 players that just have no clue.

If you want to be a winning player, there are so many options available to you. The forums (twoplustwo.com, fullcontactpoker.com, pocketfives.com, neverwinpoker.com) are a great way to get advice. Emailing people works too. If you have any questions, especially about how you played a hand, you can email me as well: fulltiltazncutie@gmail.com

Saturday, December 1, 2007

The Importance of Good Record-Keeping/Status Update

It has been said ad-nauseum in the poker world, but record keeping is the first step to being a winning player. I'm going to post results in here occasionally for my friends to keep track of my status, but also I want to show what kind of records you should be taking. Here is a screenshot of my excel records page, which is the bare-minimum of note-taking. I should really take more detailed notes:
Note there are columns for win/loss, time and date, hours, locale, notes, etc.

So, IRS quick look that way!


This Week:
Earnings: $523
Hours: 28.5
Hourly: $18.35/hr

Yearly:
YTD Earnings: $6433
YTD Hours: 244.5
YTD Hourly: $26.31/hr


A bad week - I played extremely poorly one day and ran bad another day.

Friday, November 30, 2007

I am a Professional Poker Player

I used to love saying that back when I played full-time in 2006. When I made the decision to play full-time and move out to Vegas, I remember the excitement that followed and the feeling that I had to tell the world.

I still remember my first day as a pro. Sitting down at the table, I felt like I owned the place - this was going to be my worksite for the next year and I wanted everyone to know.

"I am a professional poker player," I said breezily while sitting down at my first table as a full-time player. I waited expectantly for the adulation, fear, and awe that my comment would arouse.

"That's nice. I'm a doctor. I save people's lives," my table-mate commented.

"Oh." That was kind of a downer. The rest of the table seemed disinterested. Something must have been wrong! People were supposed to be worshiping me, oohing and aahing. I must not have said it loudly enough!

"Hey guys! Pro here, sitting down!" I said, waving my arms. Still nothing. Eh, what do these guys at $1/2 know anyway?

I proceeded to sit down and play pretty tight for the next couple hours, mentioning that I was a pro no less than 20 times until I got sick of being check-raised and told to shut up. My stack dwindling, I got into a big pot for the rest of my chips. I had ace-high, and I was facing a huge overbet on the river that reeked of busted flush draw bluff.

"I am a pro and we can make these calls! I call!" I announced.

"Full house," my opponent responded, raking in his chips.

"Wait....but...but... I am a pro! Those are supposed to be my chips!"

--------------------------
After taking a year hiatus, I am back again and this time, older and wiser, I've checked my ego at the door. I only tell people I'm a pro four or five times a session now.

Introduction

Hello Blogger World!
I suppose you'd like to know a little bit about me in this first post - why I'm qualified to write about poker, what I'm all about, and what the blog is going to be about. Isn't that what first posts usually entail? We'll answer this one in parts:

Why I'm Qualified to Write About Poker
Really, it doesn't matter if I'm qualified or not. Anything you read or listen to should help your game one way in another even if it's wrong because you should be thinking critically while you process information about poker. I will occasionally be writing strategy tips which I think are probably suited for intermediate players (i assume this will be most of the readership). Barry Greenstein once noted that he considers reading poker books a good investment of his time even though he disagrees with most of the material because it helps him think about his own game and it shows him how other players, most of whom read these books, are thinking nowadays (a vital attribute for a winning player).

If it matters, I have been playing recreationally for four years, about 15-25 hours/week, starting at 2/4 limit hold'em and eventually beating 15/30 games for the first 2 1/2 years of my poker career. I recently switched to 1/2 and 2/5 no limit hold'em and have been beating the game consistently for roughly $26/hr. I have recorded exactly two losing months out of a sample size of 48 and am a big lifetime winner in small to medium stakes holdem.

What I'm All About:
I am a 23 year old kid from Chicago who is out of a job and tired of looking at the job market. I have been a tournament reporter/freelance poker writer for two years, covering the WSOP and interviewing the biggest names in poker.

I have taken time off in the past to play as my primary source of income, and I started doing so again about a week ago. I expect to make a pretty meager income while I do this (my hourly figure is skewed because of game selection - if I play on weekdays it will lower considerably), but I can safely say unless I score big in a tournament, or start taking some shots, I will expect to make between $20-40k this year.

I am a poker fanatic; I listen to podcasts all day, read everything I can get my hands on, and lurk regularly on the poker forums.

I am not an online specialist. I hate online play, I think I am being cheated every time I play, and I am disgusted at how tough the games are getting. I still play because I am a sicko and I have money I can't get off the sites, although it is dwindling slowly but surely.

I am probably not in this for the long run. My past experience has taught me that poker is a great hobby but a terrible job.

What The Blog Will Be About:


It will be about whatever I feel like writing, poker-related. If you like my writing, non poker-related life posts can be found at my other blog, http://www.xanga.com/anonymousliar. It will be a little strategy, some poker stories, stories about life as a grinder, etc. I think it will be interesting for people to follow the life of what many desire; playing full-time in small to medium stakes as a pro/semipro.



I hope you all find this journey an interesting one.