Thursday, January 17, 2008

January 17th - Getting there.

Bankroll: ~ $30.400
Monthly goal: $6.000
Monthly win: $3.250
Hands played:
4600

I am slowly getting closer to $6.000. Money won this month in consideration of the number of hands played is closer to what can be expected. The last few months I have had an amazing winrate, and since it lasted for a number of months I was starting to hope it was a sign of me getting better. However, this month looks like it is going to take some grinding to reach my goal.

When I post hands on this blog I usually only post hands where I play poorly, for two reasons. Firstly it forces me to face and contemplate the bad elements of my game; and secondly it doesn't reveal too much about the way I play.

I have been sloppy at updating lately, so as a treat I have decided to share a hand where I make some money. I will explain the reasons for my plays and hopefully you guys can get something out of it that you can use.

AQ from under the gun: I don't want to say too much about O1eja, the player in the Big Blind in this hand. I play with him regularly and he doesn't play that big a part in this hand.
jouba007 is a Jamie Gold type player. He probably plays tournaments mostly and hasn't got much experience with post flop play. He likes to bluff and does so without sufficient consideration for the other players.
I decide to check this flop. There aren't that many draws and checking will really disguise my hand. Furthermore, jouba007 hasn't got a full stack so I do not have to lead out on the flop to get into an all-in situation with him.
The turn brings a Queen and when it is checked to me I am now confident I have the best hand. I bet out $80 and jouba007 jumps on the possibility of bluffing and raises to $180. There are a couple of indicators that he is on a pure bluff. Firstly, off course is his check on the flop, but also notice the size of his raise. If he had something like 34s or a set he most certainly would raise to $240 or just push it all-in.
Now comes the hard part. There are two hearts out there and a score of face cards will make a straight possible. However, at this point it is imperative to play scared and let him do the betting. If I push on the turn, he gets away from his bluff cheaply and I miss out on a lot of money. If he had a flush draw, a weak ace, some weird straight draw or something similar he would almost certainly just call the turn bet. He raised, so I need to convince him that a bet on the river will take it down.
I raised from under the gun before the flop, so I can easily represent something like: KK, JJ or KQs. Therefore, I let a few seconds slip by acting like I am contemplating if he has the ace or not.
He bites and fires again on the river and by allowing him to bluff I make $225 more than I would have had I pushed the turn.

I didn't learn how to fully utilize this kind of play until very late. It is pretty tough to allow a player to bluff, especially on a draw heavy board; but against Jamie Gold and Sammy Farha type players this is the way to get their money.
If you, like me, watch High Stakes poker, notice how many times even the best of players miss the opportunity to cash in on that final big bluff at the end, because they follow their natural instinct to protect their hand against an unpredictable aggressive player.

Tuesday, January 15, 2008

January 15th - Starting up a new year.

Bankroll: ~ $28.900
Monthly goal: $6.000
Monthly win: $1.700
Hands played:
2300

I made a new year's resolution to quit smoking. I kept it for about 5 hours...
Let's hope I can assert more discipline at the poker tables.

The two weeks of January have been stressful featuring two essays in my English studies. However, from now till February 1st I have no classes or homework, so I look forward to taking some time off and catching up on some poker.

I was up about $4.000 a week ago, but I have run into some bad beats these last few days and it has taken it's toll. It has not all been bad luck, I have also made some questionable plays.

KQ in the Big Blind: This hand has been bugging me for some time. The UTG limper had been playing wildly pushing me out of a few pots. I was thrilled when I finally flopped top pair and once I turned top two I couldn't let the hand go.

Overall I am very happy with how things are going. I plan to get in some hands before the end of the month and hopefully they will bring me to my goal of $6.000.
Cashing out here in Denmark is cakewalk. Three days or so after I cash out the money is in my bank account. I have been on the phone with the tax authorities and they say my winnings should be tax free. I can wait till I get my tax returns to be sure or I can write a letter for each of my individual cash outs to get a binding answer from the tax authorities.

Thursday, January 03, 2008

January 3rd - End of 2007

Bankroll: ~ $32.250
Monthly goal: $4.000
Monthly win: $4.250
Hands played:
5000

I made my monthly goal in December, but just barely. At one point I was up over $7.000, but I dropped almost $3.000 while home on vacation. I played on Full Tilt, because I didn't dare log in to my Party account on an iffy computer. Without helping programs and a shaky bankroll it didn't go well.

January will provide ample time for playing, so I think I will set my goal at $6.000 for the month. I still have to turn in two essays, but I won't have any classes till February.

I don't really have a tally for the entire year of 2007, but I am sure it went well and I can't complain.

I got my address verified with Party as planned and I now enjoy being able to cash out my winnings tax-free in 3 days or so. This will certainly make my life financially a lot easier providing I keep earning money in 2008.

With the extra free time in January I hope to be able to update my blog more. I understand the frustration of checking a blog regularly only to find it abandoned. I have already played a few hands this month, but will save it for an update in a few days time.