Thursday, February 5, 2009

Another small goal met

The "OPR" that I consistently refer to is actually "Officialpokerrankings.com" — a Web site that puts the Big Brother in poker.

The site monitors every single poker tournament played on several sites and compiles all sorts of helpful numbers about each player's game. It's pretty insane.

Anyway, the OPR ranking that I consistently mention comes from some formula the site uses to rank all the poker players online. So a poker ranking of 98.17 — my current ranking — means that I'm ranked ahead of 98.17 percent of the players the site is monitoring … whatever that means.

Normally, my goal is to move into the next percentage point. But once I hit the 98 mark, I decided to keep an eye on overall ranking. I was getting close to being in the top 10,000, and I wanted to get there.

Well, I'm there. Into the top 10,000 for the first time ever after the two cashes last night.

Top 10,000 doesn't seem like a whole lot to get excited about, but the site ranks everyone who has played a cash tournament on one of several sites over the past 120 days. More than 533,000 players are ranked in order, so being in the top 10,000 is pretty cool.

One good night, one bad hand

The first time I played since reaching the $1,000 mark, I went over the $1,100 mark by finishing first in an 18-player, $11 SNG while also finishing sixth in a 45-player, $11 SNG. I would like to punch myself in the face for how I played the final hand in the bigger tournament though. Here it is:

Stacks:
SB with 9186
BB with 6170
UTG with 33386
MP with 8026
CO with 4632
HERO with 6100

Blinds:
Site: Full Tilt Poker
Dealt to BTN: 7♥ 7♠


With the blinds as high as they were — 500-1,000 — this seems like a great hand to push with. But there was one problem ...

Preflop:
UTG calls [1,000]
MP raises to 2,000
1 players fold.
Hero raises to 6,100, and is all in


As soon as I put my chips in, I realized the guy who min-raised with a short stack and a caller already in the pot could only have one hand: aces. It seems crazy to consider folding 7s in this spot, but I would have if I had spent five seconds thinking about it.

3 players fold.
MP calls [4,100] Hero shows : 7♥ 7♠
MP shows : A♠ A♥
Total folds this street: 4
Potsize: 13701
Flop: 10♠ Q♦ 6♠
Turn: 9♠
River: 5♣
Hero shows a pair of Sevens
MP shows a pair of Aces
MP wins the pot (14,700) with a pair of Aces

Poker Hand Converter By Cardschat.com Poker Forum


That was the end, but cashes worth $72 and $22.50 gave me a profit of $72.50 for the night.

Current balance: $1,105.
OPR ranking: Still 98.05, but it will go up. They update once a day.

Wednesday, February 4, 2009

The system

To repeat the theory about making money playing online poker that I mentioned in an earlier blog, I believe there are just two things necessary:

1. You must be a winning poker player.

2. You must be extremely disciplined when it comes to bankroll management.

Here the rules I laid out for myself before asking a friend to transfer $50 into my Full Tilt account:

1. I swore I would put money online only once in my life. This prevented me from taking a shot at a tournament I had no business playing and ending up with a zero balance. Too many people put $100 online and then play a few $5 tournaments before getting bored and buying into a couple $50 games. I told myself that this was not an option.

2. I put only 2.5 percent of my bankroll up for any tournament or sit-and-go buy-in. This allows me to ride out the inevitable swings of bad cards, bad luck and bad decisions that every poker player occasionally goes through.

3. I broke rule No. 2 early.
I put $50 into an online account, but I started playing $2 tournaments and sit-and-gos immediately and told myself that I was never going to move down from there. Playing anything cheaper than that is utterly ridiculous. Besides, if you go through a fifty $2 at a time, you're not a winning poker player. If you go broke at that pace, you should log off forever.

It took forever to build up from $50 to $200, which is when I allowed myself to move up to $5 tournaments. (Again, the 2.5 percent rule.) It took some time to get used to the Internet game and the crazy people who play low-stakes tournaments and sit-and-gos. And it took a while to figure out which size game worked best for me. But once I got rolling, I got rolling.

The move from $5 to $10 tournaments didn't take long at all. The move from $10 to $20, where I should start playing right now (that's less than 2 percent of my $1,000-plus bankroll) took almost no time at all.

Managing money is key, but it's still not the most important thing. No matter how well you manage your bankroll, you still have to be a winning player. Only 1 out of 3 players win money online. If you're in the 2-out-of-3 group, you're going to lose all your money eventually no matter how much you deposit or how smart you are about managing it.

So why all the discussion about bankroll management when being a winning player is more important? Because I can explain bankroll management. When it comes to figuring out how to be a winning player, well, you're kind of on your own.

Current bankroll: $1,033.

OPR ranking: 98.05 (first time ever over 98).

Tuesday, February 3, 2009

Nice hand, nice flop

An interesting hand from my first place in the wee hours of this morning. I'm normally a proponent of shoving with aces so I only have to play one opponent with them, but since I already had one guy all-in, I decided to flat call and see if anyone tagged along for the flop.

Of course, I figured if anyone had a big enough hand to call that they would probably shove. And if they didn't, I planned to shove the flop no matter what cards fell.

I never thought someone would flat call and do the shoving on the flop for me.

Here's the hand:


$10 + $1 Sit & Go, Table 3 - 30/60 - No Limit Hold'em - 2009/02/03
Stacks:
UTG+1 with 2525
MP1 with 2560
MP2 with 712
HERO with 2573
CO with 1040
BTN with 3570
SB with 2055
BB with 1910
UTG with 1045

Site: Full Tilt Poker
Dealt to hero: A♣ A♠

Preflop:
3 players fold.
MP2 raises to 712, and is all in
Hero calls [712]
2 players fold.
SB calls [682]
1 players folded.
Total folds this street: 6
Potsize: 2196

Flop: 3♥ A♥ 5♣
SB bets [1,343, and is all in]
Hero calls [1,343]
SB shows: Q♣ A♦
MP2 shows: 10♦ J♦
Hero shows: A♣ A♠
Potsize: 3540
Turn: 4♣
River: 9♦
SB shows a pair of Aces
Hero shows three of a kind, Aces Hero wins the side pot (2,686) with three of a kind, Aces
MP2 shows Ace Jack high Hero wins the main pot (2,196) with three of a kind, Aces

Poker Hand Converter By Cardschat.com Poker Forum

A new milestone

Pulled it off. Won a 27-person tournament for $108. Crossed the $1,000 barrier.

Current bankroll: $1,028.

OPR ranking: 97.9 percentile. (Not counting tonight's results. Could cross 98 percent for the first time.)

Where have I been?

The whole point of a blog is to write regularly. So what have I been up to the past two weeks? A lot.

Just felt the need to post right now to get myself back in the groove. Currently the chip leader in an $11, 27-person sit-and-go. If I win — a big if — I'll break the $1,000 barrier. Stay tuned.

Monday, January 19, 2009

Surefire way to make money

There are only two things necessary to win money consistently online.

1. You need to be a winning player.

2. You need discipline.

The fact that you need to know how to play seems obvious since only one out of three online players makes money. If you are a losing player, your balance will eventually be $0 no matter how much you deposit or how disciplined you are.

But once you've established yourself as a winning player, point No. 2 takes on huge importance. Sometimes the cards hate you. Sometimes you play poorly. The only way you can ride out the inevitable bumps in the game is by being disciplined about how much of your bankroll you're willing to play for at any one time.

I'll explain my system in detail at another time.

Current bankroll: $870.

OPR ranking: 97.7-plus.