Thursday, June 12, 2008

Living Right

No bad beat stories here. Actually, I think I am on the right side of variance for once. I've always believed that you're not as bad as you seem to be when things are running bad and you're not as good you appear to be when you're getting beaten over the head by the deck. I just try and maintain a levelness that Andy Reid would be envious of. with that said, the regulars I play against are just plain bad. most are weak tight calling stations. they can't get away from top pair, decent kicker to a check raise from a player (that would be me) who has a stack of their chips in front of him and hasn't shown a bad hand all session, let alone not too many in the two weeks I've been playing with them. but who am I to complain since the money is flowing in my direction? I'll save that for when they start to suck out on me. I was rolling through my session yesterday and would have been pleased to spend my entire day there and break every single one of them, but duty called in the shape of wifey getting done her shift early. I decided to take my daily nut and run over to Quinn's Irish Pub for a couple of dunkel weisses (I know, I know, German beer doesn't seem right in an Irish establishment.) my regular bartender Danny wasn't there (Tuesday and Wednesday are his vegas weekend) so Franky was taking care of me today. turns out, Franky is a regular no limit player and we got to talking. he was psyched to find out that not only do I play, but I have a sense of ego control about my play in that I am always looking to improve my game. he asked if I read and in between sips of my wheat ale I knodded in the affirmative. He pulled out a copy of Alan Schoonmaker, Ph. D.'s The Psychology of Poker from behind the bar and asked if I had read it yet. I replied that I had book that very book for my father a couple of Christmas's ago but I, myself, had not yet had the opportunity to study it. I've attached the link to so if you want to check it out just click on the image below. It looks like I may have finally found a running partner and poker buddy to share my experiences with locally out here. he asked me about record keeping and I told him I use Statking (mentioned in my first blog entry) and how much I loved it. he said he was still keeping records by hand. I offered to lend him my copy to upload and a friendship was born. maybe I'll get some free frosty beverages out of it as well :-) I'm honestly amped about maybe having someone to talk to about strategy and all the other things that surround playing poker at a profitable level consistently over the long haul.
on another note, I've decided to change the heading Total Bankroll under my record keeping section at the bottom of each post to Career Earnings since total bankroll is a bit misleading since I use a portion of my winnings to pay my living expenses. I will from time to time let you know how my cash on hand has grown and when I've decided to jump in limit. I plan on keeping this a very gradual process. once i have about a G in my safe at home, will take a single stab at a bigger game probably once per week but keep my regular play at the limit I am at. hopefully the Peter Principle does not pertain to me for quite a while as I'd like to get up to at least the $20/$40 game within a year. for those not familiar, the concept states that people are promoted to their level of incompentcy. I don't want to self limit myself in how high I think I will be able to play at my skills progress, but with that said I am not going to work for years moving up higher and higher only to find a level that I cannot beat and go broke. I'd rather make a living playing $20/$40 or $30/$60 rather than play $100/$200 and be asking for loans all the time because I ran myself down to the felt. That is a rather long time off but I figured I'd go on a rant about it now since I am on the topic. I am also going to work on my no limit skills once I build my bankroll up since there are always soft no limit games going around the clock. I decided to forego the $45 buy-in no limit tourney today. I'm feeling really good about my cash game play and want to stay focused on it. I think I am capable of switching mindsets from tourney play to limit cash game play, but I fear that I may take a bad beat in the tourney and not be in the right mind set to play my A game come ring game time. my paltry bankroll can't afford that right now.

I wanted to make a quick mention of my title for this entry. What I mean by living right is I am using my winnings and taking care of my personal responsibilities rather than blowing my profits on less than useful things like toys or sports wagers. It makes me feel good to know I am doing the right thing and that transcends itself into my play. I go into each session feeling good about my life outside of the green baize and I think it reflects in my play. I don't feel the need to play small pairs upfront or suited connectors in the same spots when the game conditions do not call for it. it's not to say I won't play those types of hands from there, but the conditions must be right. if I even have one loose aggressive player at the table these types of hands can become unprofitable since I may not get the multiway action I need to get paid off in many spots should I hit my hand hard.

Yesterday's figures for your review:

Hours Played This Session: 1.58
Take: $134
$ Per Hour: $84.81

Month to Date: $587
Year to Date: $850
Hourly Rate Year to Date: $11.89
Career Earnings: $1,467

PS - I'd like to thank GVR for the nifty travel ID holders they provided the players of the poker room with a couple days ago. while they are quite touristy, they will come in handy for holding a passport, Id, some cash, credit cards, and travelers checks should we go on vacation out of the country. I've provided a scanned image below. it's meant to be worn around your neck and tucked under your shirt so that you cannot get pick pocketed and be SOL. got one for wifey too :-)

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