OK.... so a quick BR update, since I'm on the whole "taking stock" schtick at the moment.
I've just withdrawn $1500 (most of my Stars roll) from PokerStars (I still have 400FPPs to go to get the bonus there, but I'm leaving 400 for that and for occasional play in BTP tourneys etc, because I've barely played there in the last month and would rather have the rest in my bank) and $1030 from Empire (to leave $1k in that account, which is a decent float for the $100 and $200 PLO given I can easily add more if need be; given my fairly low variance a $1k downswing there would probably induce another Party/Empire site quittage!).
This leaves me with a float of $400 at Stars, just over $600 at UB, $1k at empire, just under $1.5k at Gaming Club (though I can't access that account right now, grrrrr poker fascists), about $3.5k at interpoker (which I REALLY need to knock down to ~$1k but havent got round to yet) and an online banking float in GB£ which I tend to move around £300 at a time through the crypto poker rooms to harvest the £100 of monthly bonuses whilst I play PLO there. Obviously the BR I have available to play poker is a lot more than this but I don't like to keep much in the sites if possible (why have a couple of k sitting in an account when it could be languishing in my bank earning a little bit of interest?). Also, I'm anally retentive when it comes to financial issues and like to have all my "assets" (cue lame Tightwad joke) all in one place so I can see how I'm getting on.
So I'm looking at keeping my UB BR, 400-odd at stars, $1k at interpoker and $1k at empire as my online BR basic. Puts me on about $3k which is a good figure. Depending on how GCP sort out my problem, I might consider keeping 500 or so in there to play a bit of 100 and 200 PLO. Would be where I'd go if I wanted to play some NLHE again, too, I guess.
So far this year, after 3 months and a week, just over quarter of the way through, here's my figures (pretty rough ones!):
Winnings total: £4800 = $9060
Hours played: 204 (this is a very approximate figure, probably -+10 hrs or so because I didn't make note of my real hours played in January, I am assuming 65 which is about average for a long month for me)
HOURLY RATE: $44.40/hr (£23.50 per hour)
This is above my required desired minimum of $40, although I'm a little disappointed that it's been a good year so far yet I'm not beyond $50/hr. At least I'm doing better than I managed in 2004, which represents progess. If I can retain $44/hr, I'll need 60 hours or so a month to hit my yearly target of $30k. This is definitely achievable, although given I'm likely to be busy with other things it'll be more challenging than I thought. Obviously playing full time I could easily be at 100-150 hrs per month, but with my job running as well it's hard to grab any more than 2 hours a night, along with the odd weekend session. If I move from 100 to 200 PLO for ALL rather than just some of my tables, it'll make a bit of difference, but Cryptologic (where I play 50%+ of my poker) doesn't regularly have 200 games going, so it might just have to be at empire and gaming club, if I stay there. I am hoping to be grabbing $150/month on my rake rebate at empire, which so far i haven't seen much of because I haven't played much until this last month or so. The only other way I can see of making the "extra" money I was thinking about at the start of this year is to start running some affiliate schemes myself, which so far I've done a little bit but without much happening, really. The other long-term possibility is to take advantage of my BR and PLO success to move up the levels at Empire, though I must admit I do have a psychological problem with making the moves up to the real high-roller games where $1k can change hands in one pot (although I've won $800 pots at 100 and 200 PLO before!). I have dabbled in the 400 game at UB on occasions, but so far 100 and 200 has been my limit. If I am to become a real top poker player, perhaps that has to change...
Anyhow, it's been good to me so far this year, and I'm happy with my game. I do want to branch out into some other games (limit stud8 has a certain appeal, and I do keep saying I'm going to start playing some MTTs, perhaps get broadband before that though!).
So, how've I made my money? Well, firstly, it has to be said that other than PLO it's been a dreadful year! I'll break it down game by game:
Note the hours here refer to TABLE hours - I usually play 5 tables or so at once. Therefore for every real hour at a limit, I'm playing 5 or so "table" hours. I don't count hands, so the BB/100 figure comes from multiplying my hourly BB by 2.6 - I assume that an average for PLO is just over 35 hands per hour (I used to go for 40 hands per hour but thats maybe a slight exaggeration)
200 PLO
Finished 2004 with this as my main game. A bit embarassing I've played so few hours in 2005, was a bit surprised to be honest as I thought I'd played quite a lot of this at Stars... Perhaps I was thinking about last year. Anyhow, haven't played enough to make these representative, one big hand either way can make a difference with such a tiny sample.
20 table hours
+$556
$27.80/hr
14BB/hr
36.4BB/100
100 PLO
By far my main game. Mainly because at cryptologic it's usually about the only game available and the games are almost always pretty good. I play probably 80-90% of my poker in these games this year. Includes results from all sites, crypto, empire/party, UB, stars etc...
I am happy with my BB/100 figure here, though I feel I would be closer to 30+ if I played fewer tables. Also, because I play here all the time, the hours aren't all at peak. At the right table, playing and concentrating on a fewer number of games, I think i am capable of 30-35BB/100. Still, playing 5 at once, $9.40 per hour, if you throw in the bonuses I make, my total hourly rate would be up above $50 per hour if I'd ONLY played 100 PLO this year.
611 table hours
+$5740
$9.40 per hour
9.4BB/hour
25.4BB/100
50 PLO
This was a few games at Gaming Club when a good 100 or 200 game wasnt available, and one session at party to free up a bonus when I wasn't bothered about concentrating so played a lower game.
30 table hours
+299
$10/hour
20BB/hour
51BB/100
OK, onto non-PLO games, and it's a bit of a trainwreck
... Haven't played much hours in some of these games though, and they're mostly just for fun or a change of pace, except O8 which has been really disappointing this year and hence I haven't played much after some really rough luck and stupid plays on my part. I lost the appetite for NL a little bit, I find it more grindy than most other games and had a bad run at the end of 2004 at it so hence I've not played a hand of NL since the BTP tourney before last...
NL - I played 70 odd table hours of this in January and lost about $50. No biggie, probably had some bad beats. Played a bit at Party and Empire to free up the bonus before they sorted out the stupid blinds.
SNG's - Played 15 of these for the hell of it at party/empire in January. I hate the bad blind/stack ratio at $30, though I played 13 of those, basically level after 13 SNGs with an ITM of 46% (good figure) but a ROI that was terrible because I kept finishing 3rd and 2nd. Didn't have a single win after 6 ITMs. Only finished outside the top 5 once. That's the way it often seems to go for me in SNGs lol, though I might play some later this year, as I quite enjoy em. The two $50+5's I played I screwed up. Total I lost was -$110.
MTTs - Haven't played any except for the BTPs, where I havent made a final table in my two games so far. No cards really. I might play some MTTs at some point as I think there's good money in them, but I don't know enough about the online MTT scene to know where the money is, so for now I'll stay away from these I think, except for the BTPs.
3/6 limit holdem - I played I would estimate maybe 70 table hours of this in the last fortnight for a change of pace. After a good start I ultimately lost $215, -1.38BB/100.
Limit O8 - This is one of my very favourite games, though a poor run and my success at PLO has meant I've barely played this year. Overall, I am down about -$280 at 3/6, 2/4 and 4/8, including some kill games, but I've only played maybe 50 table hours or so. Should play some more but it seems hard to find good games at the moment, UB is usually my home for limit O8, but I guess with my rake rebate I should check out empire some time in more detail, but a bad run last year put me off their O8 games...
PLO8 - Pretty sick to be the omaha forum moderator and be break even overall at O8 in 2005 lol.... I haven't really played enough hours, however. I'm basically break even after 60 table hours of 100PLO, mostly january at Stars and Gaming Club, I am a few bucks up after hardly any time at 50PLO8 at Gaming Club, and played 10 hours for a small loss at 200PLO8 at stars in january. I've put in the most hours (88) at 25PLO8 as a low-concentration change of pace at party/empire, where I sometimes used the game on 4 tables to free my bonuses before they sorted out the blind/stack ratios lately. I won $120 over this time, about 2.8BB/hr or 7BB/100. Overall with PLO8 and limit O8 i'm guessing I've played 150-200 table hours and I'm about even. With the money I make at PLO, even though I think I'm a decent O8 player, I reckon my skill gap over the poor players is MUCH greater at omaha hi than hi/lo, so it's hard to justify playing a lot of O8 at the moment. With the new blinds, I might try some 100PLO8 at empire soon, or perhaps some 3/6 limit. We'll see.
So, in case anyone was interested in my figures, there they are! I'm off to watch the grand national now then get my hair cut, might fit a few hours of PLO in tonight to push my april onwards a bit..... Tally ho!
Monk
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