Year end roundup; Results

Well, with 2007 finally over, here is a summary of how I did:

Hours: 328
Total Earnings: $7,795
Hourly: $23.77/hr

If you extrapolate these numbers, which are a pretty decent sample size, to playing 40 hours/week for 45 weeks, you get a very nice $42,786/year salary, tax-free (?) with a 7-week vacation thrown in there somewhere.

A more accurate number would be determined by extrapolating how I've been doing since I started playing full-time in November, since I have been playing in theoretically tougher games during the week. Here is how those numbers break down:

Hours: 147.5
Total Earnings: $4,243
Hourly: $28.77

This extrapolates to $51,786/year. Just for fun, let's see how I did playing $1/2 vs. $2/5 since I started playing full-time:

1/2:
Hours: 104.5
Total Earnings: $1902
Hourly: $18.20
Expected Yearly: $32,760

2/5:
Hours: 43
Total Earnings: $2,341
Hourly: $54.44
Expected Yearly: $97,992


The 2/5 figure is skewed because I have only been playing in $2/5 when I see the game is particularly good; However, I will start playing $2/5 more as my bankroll grows. I expect to earn somewhere in the neighborhood of $30-45 once I start playing $2/5 exclusively. That would put me at a nice goal of $54,000-$81,000 for the year. I am pretty lazy though, so I probably won't play enough hours to meet that goal.

Also, I have started writing for a poker blog, pokersift.com. Find me under Azn_Cutie.

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

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

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

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.