Sunday, 1 August 2010

First month end

So, 10 days into this new venture and I've hit my first month end where the spoils are dished out and bonuses calculated.

Some stats:
  • Days played - 8 (joined part way through month)
  • STTs played - 221
  • Total Buy in - $3,521
  • Total Winnings - $3,550
  • Total Profit - $29
  • ROI - 0.8%

I get 60% of profit earned, so a whopping $17.40

On the face of it, a lot of effort for little reward. However it was all zero risk effort. In future months I anticipate earning volume related bonuses, which means break even is an ok result. I've found that I can maintain a much higher ROI when playing just one or two at a time, but when playing 6 to 8 at a time, the ROI declines to break even. I think I need to find the right balance between volume and profit.

It was a roller coaster period with early loss, followed by profit, ending in break even.

August will be another short month given that I'm holiday for the first two weeks, then away with APAT for the final week, so not expecting any miracles this month - will probably play when I can for max ROI rather than any futile attempts at volume.

Deep and Steep

On another note, played the £110 Deepstack at Walsall last night. What a pathetic attempt a depstack tourney!! Granted we started with 10,000 chips, and in the first level that equated to 200 big blinds.... but given that there was no 75/150 level and no 150/300 level, with 30 minute levels it wasn't long before we were playing 300/600 and the average stack was little more than 20 big blinds with a 100 runners still left in. On a table full of weak passive calling stations, on which 5 limpers per flop was about average, I just couldn't find a spot. On my BB with AK, there were 5 limpers, and I raised to 9xBB - and got 4 callers. A King on the flop (2 clubs on flop) and I bet pot with one caller. Another King on turn and I bet pot again and caller calls again. Club on the river and he bets 100 into a 7000 pot - thankfully, as I was stacking off there if had shoved. So shortstacked early on, recovered to starting stack by 300/600 but was still in shove mode. Looking around other tables, everywhere was in shove mode at this point - there was no poker left to be played..... and consider that we were only in the 5th 30 minute level at this point. A truly awful tourney, and a complete waste of £110.

Looking forward to APAT WCOAP at DuskTillDawn over the August Bank Holiday weekend - back to proper poker!!

Cyprus here we come - packing done, gardening to be done, then taking dog to kennels (poor fella). Leaving for Gatwick at 7am tomorrow.

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