Thursday, April 22, 2010

Monte Carlo/April Update/CR Video

I'm leaving tomorrow to play the EPT championship in Monte Carlo. I had a little bit of bad luck drawing Day1A on Sunday, I'm leaving tomorrow morning and arriving in Monte Carlo late Saturday so hopefully I'm not too jet-lagged. I'm planning on taking some melatonin on one of the flights to help me sleep. Generally I have a tough time falling asleep on planes so I'm a little worried about it.

I've been playing a bunch of online tournaments the past couple weeks trying to hone my skills and have continued to watch NL videos. I seem to be bubble boy this week. I finished about 10 spots out of the money in the Stars Sunday tournament when I ran AK into Aces about 35 big blinds deep. I also bubbled the Sunday warm-up, I don't remember the hand I busted but I lost a pretty big pot with KK vs. K8. Ah the joy of tournaments. Hopefully I have some luck in Monte Carlo, I'm going to need it against what will likely be a very strong field.

After Monte Carlo, we're off to Italy for about a week. I should have some pics of the trip to post when I get back.

I just finished my first CardRunners video and I believe it's scheduled to be released in about 2 weeks. There should be announcement on CR about it. Hopefully some of you can watch and give me feedback.

April has been a pretty slow month so far. I've only played about 20K hands and I think I've run a little below expectation. I still haven't hit a really bad stretch this year but the past week has been one of my worst weeks so far. I'm not complaining though, I've run extremely well this year.

Next post after Monte Carlo Day 1....



Saturday, April 17, 2010

The Importance of PreFlop Play

Something I do two or three times a year is analyze how my starting hands are faring in different preflop situations. For example, I look at how hands I’m raising first in from the button, cutoff, hijack, under the gun, and the small blind are faring. I look at how hands I’m defending from the big blind fare against opens from different positions. I also look at how hands I 3-bet from the small blind fare against button and cutoff raises. Etc, etc. These are all situations where I have a fairly substantial amount of data to work with and feel confident in the results. Based on the analysis I add or subtract hands from the various ranges. This process has contributed a great deal to my improvement over the past few years.

How important is preflop play? There are 169 starting hands in hold-em. 13 are pairs, 78 are suited hands, and 78 are offsuit hands. There are 12 ways to make an offsuit hand, 4 ways to make a suited hand, and 6 ways to make a pair. You’ll be dealt a specific pair like Aces once every 221 hands, a specific suited hand once every 332 hands, and a specific offsuit hand once every 111 hands. More on the math associated with all this is here

Now let’s assume the following plays are mistakes and that you make them:

Raising K2o, K3o, K4o, K5o from the button against typical blinds
*Not* raising Q8o, Q7o, Q2s, Q3s, Q4s, Q5s and Q6s against typical blinds

Let’s assume you lose the following when you play or don’t play these hands. These are approximations based on my data:

K5o (.03) BB/HD
K4o (.06) BB/HD
K3o (.09) BB/HD
K2o (.12) BB/HD
Q8o (.15) BB/HD
Q7o (.05) BB/HD
Q6s (.09) BB/HD
Q5s (.07) BB/HD
Q4s (.05) BB/HD
Q3s (.03) BB/HD
Q2s (.01) BB/HD

Last, let’s assume you’re going to play 1000 hands of 3-handed poker. That means over the course of these hands you’ll be on the button roughly 333 times. So how much do these mistakes cost on average over these 1000 hands?

Since you’ll be dealt a specific offsuit hand once every 111 hands on average you’d be dealt each offsuit hand 3 times on the button and lose:

.03*3 + .06*3 + .09*3 + .12*3 + .15*3 + .05*3 =.09+.18+.27+.36+.45+.15 = 1.5 Big Bets

And you’ll be dealt a specific suited hand once every 332 hands on average or about 1 once on the button and lose:

.09+.07+.05+.03+.01 = .25 big bets

All that adds up to a net loss of 1.75 Big Bets over the 1000 hands. That might not sound like a whole lot but consider that’s .175 big bets per every 100 hands. Now consider that some of the best limit hold-em players average 1 big bet per hundred hands, that’s 17.5% of their profit! Also consider that these are a just a few of hundreds of possible mistakes people can make. Imagine they are 3-betting incorrectly from the small blind and defending incorrectly from the big blind over this 1000 hand sample and they could be giving up quite a bit.

Nobody plays perfect preflop, it’s nearly impossible. But the idea is to make as few mistakes as possible. The best way you can do this is to analyze your own data and see how you’re faring with hands in certain situations. This should give you a general idea of what hands are playable under normal or average conditions. You then can make in-game adjustments based on table dynamics. For example, if you have very tight blinds, you can add in all those hands that were small to marginal losers from the button. If you have loose, aggressive blinds, you can drop all the hands that are small winners. Another example is defending from the big blind against the various positions. I know what my default defending range is based on a typical raiser’s RFI% from each position. If the raiser is atypical, I’ll cater my range to them. I also account for the player’s postflop ability when deciding to defend borderline hands. In extreme cases, I’ve played against opponents who play so poorly postflop that I defend 100% of my hands from the big blind regardless of what position they’re raising from. So use your data as a baseline and go from there. It’s not an exact science and you won’t get every situation right. The most you can do is to consider all the information available and make the best possible decision based on it.

Tuesday, April 13, 2010

Exciting News

I've agreed to be a limit HE instructor at CardRunners and will be making videos for them along with answering questions in the forums. It was a bit of a difficult decision because I will be giving away information on how I play to some of my opponents. The opponents that do watch my videos are very likely good players and not where my profit is coming from so I don't think I'm giving up too much there. The fact that I'll be forced to analyze my game and discuss plays and strategy should be of great benefit and I think this alone outweighs the cons.

Sunday, April 11, 2010

Tournament Hands and Thoughts

My no limit game grew stronger and stronger through each tournament and I feel like a competent player at this point. I still have a whole lot to learn but I at least feel like I have a pretty decent idea of hand ranges pre and post flop. My ability to interpret postflop actions improved a great deal over these tournaments. I'm feeling lost less and less and understand more of what I need to be thinking about in tough situations.

Playing twelve hours a day and committing myself to focus on every hand and trying to assign ranges to players based on their actions in every hand helped immensely. If the hand got to showdown, I could see if my thought process was correct or if I'd left something out. Listening to the other players, particularly good ones, discuss hands at the table allowed me to understand how and what I should thinking about. Watching tournament videos nightly over the past week helped a great deal as well. There's a seven part series on CardRunners where Timex discusses every hand of a 5K buy-in tournament he wins that's been really helpful.

Here are some tournament hands as best I remember them:

Luckiest Hand:

Blinds were something like 300-600 w/ 50 ante. I had about 8K in chips and moved in with 44 from the cutoff. The button moves all-in with AQ and the big blind moves all-in with KK. I flop a 4 and more than triple up to about an average stack.

Unluckiest Hand:

Blinds were 100-200 w/ 25 ante and I have 66 in late position with about 35K chips. UTG opens to 600 with about 20K, I call, and the big blind, also with 20K calls. Flop is 689 w/ 2 diamonds and the big blind leads out for 2K. UTG calls and I move in. Big blind calls with the AT of diamonds and UTG calls with 99. 99 holds up to win a huge pot.

Strangest Hand:

Blinds 1000-2000 and player who I've only seen play 2 hands and have aces both times opens in mid position to 6K. She has about 120K in chips and I have about 100K. I call on the button with KQs. Flop is Q42 rainbow and she bets 8000, I call. Turn is another Queen and she bets 11K, I call. River is a Jack and she checks. I bet smallish, maybe 15K thinking I'm value betting. She calls turning over 44 for a full house.

Best Bluff:

Blinds 500-1000 maybe, I have about 40K and villain has me covered. I raise T8 of hearts to 2500 from the hijack and a good young player calls from the big blind. The flop is J53 with two hearts. He leads out for 6K and I call. The turn is an offsuit 2, he bets 11K and I call. The river is an offsuit 3, he checks, I bet 15K and he thinks for a while and folds.

Saturday, April 10, 2010

Out in 3rd

I busted in 3rd and cashed for 21K, first was around 70K. I ended up losing a big race at the end - my AQ to 55 for about a million chips (there were 2.9 million in play). I played well and ran very well for most of the day. Heading home tomorrow and have some pretty big news (poker related) when I get back.