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How bad can I be and run this good

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  1. #1
    andy609's Avatar
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    Default How bad can I be and run this good

    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.
  2. #2
    For a quick reply, you can be insanely horrible and run this good. You have an incredibly small sample size.
  3. #3
    Ragnar4's Avatar
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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 Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes
  4. #4
    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.
  5. #5
    spoonitnow's Avatar
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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.
  6. #6
    nice_aiau's Avatar
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    Quote Originally Posted by spoonitnow
    And that's why we make money.
    I love the moniiiies
  7. #7
    a500lbgorilla's Avatar
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    himself fucker.
    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
    <a href=http://i.imgur.com/kWiMIMW.png target=_blank>http://i.imgur.com/kWiMIMW.png</a>
  8. #8
    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.
  9. #9
    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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