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How bad can I be and run this good

  
 
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andy609
Old 01-06-2009, 09:31 PM     Post subject: How bad can I be and run this good #1 (permalink)  
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Back in the Good Old Days (meaning pre-Neteller shut down), I made ~4ptbb/100 at .50/1 on Full Tilt, not including bonuses and rakeback. Neteller shut down in January of 2007 and by April apparently all my donors had busted out and quit. I had a slight loss in April and by the end of the summer I myself had busted and joined the rail birds.

I continued to play a bit of live poker here and there and didn't do too well, mainly because I believe my poker face is horrible and I am extremely readable face-to-face even to a rank ameteur who is "throwing a party." I have talked to and played with a friend of mine who is a gifted people-reader and live pro at 5/10 and we agreed that my mental attitude towards bluffing and value betting has to be the same. Previously, when I would bluff, I sit there calmly figuring that since I had already technically lost the money I had just bet on the bluff, that ship had sailed and only good could come, ie, villian folds. If I use this same attitude when I value bet, any non-verbal tells I give away ought to reflect my same mindset: the chips are already in; the worst thing that can happen is he folds (or has a monster).

I never particularly liked playing online for the lack of the social aspect and actually found it quite monotonous (although perhaps this was just because I was trying to clear bonuses and qualify for the Iron Man). I did enjoy it when I was winning, however.

Shortly before Christmas, I inherited a significant amount of money. I am not a big spender and my friend the pro has always told me that he thinks I can beat the low limit NLHE games at Foxwoods. So I decided to give it a serious shot. After getting called by fourth and fifth pair several times at 1/2, and knowing that I cannot stand showdown poker (bluffing doesn't work even when you know the guy has a weak hand at best), I moved to 2/5 and did well. Not spectacular, just good; I'd consistently be up a couple hundred after a 6-8 hour session.

I have now found some underground games that are only 1/2 and thus better suited to my bankroll, as well as being nearer to home. These are against many of the same people I either lost to or witnessed me losing, so I am a bit leery of trying them again. However, I have been running insanely good. My question is simply this: is this just the good side of variance?

Over the weekend (including monday) I played 22-26 hours of these 1/2 games and made ~$1500. I estimate that I only played about 700 hands, which is nothing, but if your win rate is almost $68/hour and we conservatively (and generously) assume that 35 hands an hour are dealt that is 41.21ptbb/100. So what I'm asking boils down to this: is my ~700 hand sample so small that we cannot determine that my win rate is not positive? I mean if it were 2.5ptbb/100, that would still be more money than I was making when FT was good for me and I'd enjoy it more.

I don't want to lose grandma's money having a good time though.
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kb coolman
Old 01-06-2009, 10:22 PM #2 (permalink)  
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For a quick reply, you can be insanely horrible and run this good. You have an incredibly small sample size.
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Ragnar4
Old 01-06-2009, 10:52 PM #3 (permalink)  
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Uhh.. Lemmie get this logic straight
My opponents call me down with 4th and 5th pair.
I don't like it when my opponents called me down with 4th and 5th pair
so I moved up to a level where they *won't* call me down with 4th and 5th pair?

This sounds a LOT like "I moved up because they'll respect my raises"

If they call you down with 4th and 5th pair, [quit bluffing with A high and valuebet 3rd pair and better on the river.
The older I get, the more I start wondering; Just what in the hell is going on here?
 
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celtic123
Old 01-06-2009, 10:56 PM #4 (permalink)  
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Quote:
Originally Posted by kb coolman
........you can be insanely horrible and run this good. You have an incredibly small sample size.
Andy , I can varify this , reading through your post, i would say you are a better player than me.

Dont lose your Grandmas money. Stick around here and and learn man.
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spoonitnow
Old 01-07-2009, 03:29 AM #5 (permalink)  
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You can be any skill level and run any possible win-rate over any possible sample.

And that's why we make money.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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nice_aiau
Old 01-07-2009, 03:34 AM #6 (permalink)  
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Quote:
Originally Posted by spoonitnow
And that's why we make money.
I love the moniiiies
 
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a500lbgorilla
Old 01-07-2009, 03:36 AM #7 (permalink)  
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Quote:
Originally Posted by spoonitnow
You can be any skill level and run any possible win-rate over any possible sample.

And that's why we make money.
Game of skill, ldo

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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sil693
Old 01-07-2009, 08:43 AM #8 (permalink)  
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if i sit down at a table at a 200/400 table, pick up AA in my first hand and get it all in vs KK and take a stack on my very first hand, it doesnt mean I will have a + winrate at that level.

700 hands is smaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaal.
 
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Micro2Macro
Old 01-08-2009, 01:04 AM #9 (permalink)  
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I've played 700+ hands in an hour.
I'm sure there are guys here who have done that in twenty minutes.
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