Friday, July 04, 2008

A few bits

Found myself reading through some old posts from way back in 2004. This post amused me because of the quote below!

My stats below are quite interesting as well. I was the biggest winner on the table and yet probably saw the least flops by a mile. Some of the players must have been up around 60-80% of flops seen. My 12% flops seen statistic is very low but on such a loose aggressive table, pre-flop hand selection is crucial. Most of them were living by the saying, “Any four cards are good.” games played 153 flops seen 12% games won 13% showdowns won 72%

Oh my god i used to see 12% of flops. Its kind of weird how its changed to me being the loosest donk at any table i sit at.....

Someone asked this question in the last post and i'll have a go at answering it.

Be good to see a post from you about money management. When you have a big win do you withdraw and invest it? Property/Shares etc or does it just add to your bankroll.With the number of players that have won a million and then gone bust do you have steps in place to protect yourself from this happening?

To be honest between 2005-2007, my bankroll management was abysmal.

Quote from jan 2006:

Well i have been trying to claw back what was a horrific start to the year online. I had five £10000+ losses in consecutive sessions at the start of the year which wasn't exactly how i was planning my 2006.

I think at the time this was nearly half my bankroll that i lost in a couple of weeks.

I also remember playing this pot which was a sick % of my bankroll at the time!

Omaha PL (£25/£50)
Table "Sweetheart"
Seat 7 is the button.
Seat 1: Mafews (£4400 in chips)
Seat 4: Bennyboi (£20358 in chips)
Seat 6: Duhfin (£67322.06 in chips)
Seat 7: R KESTON (£8570.88 in chips)
Seat 10: ashdogs (£5345 in chips)
ashdogs: posts small blind £25
Mafews: posts big blind £50
----- HOLE CARDS -----dealt to Bennyboi [Js 7h As 7d]
Bennyboi: raises to £175
Duhfin: raises to £600
R KESTON: folds
ashdogs: folds
Mafews: folds
Bennyboi: calls £425
----- FLOP ----- [6s Qs 7c]
Bennyboi: checks
Duhfin: bets £1275
Bennyboi: raises to £3800
Duhfin: raises to £12675
Bennyboi: raises to £19758 and is all-in
Duhfin: calls £7083
----- TURN ----- [6s Qs 7c][8h]
----- RIVER ----- [6s Qs 7c 8h][Kd]
----- SHOW DOWN -----
Bennyboi: shows [Js 7h As 7d] (Three of a kind, Sevens, King high)
Duhfin: shows [4h 4s Kh Ks] (Three of a kind, Kings, Queen high)
Duhfin collects £40786 from Main pot

After a massive swingy year last year, when i found myself $400,000 down in April (almost going broke). Most due to playing to big and too much NL Hold'em, i had an amazing second half of the year, winning over $1 million playing PLO, and losing just under half that at NL Hold'em.

At the start of this year i made it my number one priority to practice better bankroll management, and i've stuck to that extremely well. This is down to a few factors. I bought a house at the start of 2008 for cash due to not being able to get a mortgage, money which i am never allowing back into poker. This swallowed up nearly my entire bankroll.

I approached BadBeat at the end of January with a view to them bankrolling me into my regular games, $25/$50 and $50/$100 PLO. So far this has gone extremely well. They manage my bankroll for me, and this year i've never lost more than $50,000 in a day. In comparison to last year, where i must have had at least 10 days when i lost between $75,000 and $150,000. In 5 months i'm up seven figures in dollars, and its definitely down to much better money management, and hardly any NL Hold'em. I've also had no risk, which makes playing far less stressful, plus i don't have to fear the bank account car crash thats happened so many times.

16 comments:

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micko said...

Ben so how do Badbeat manage ure roll?

If ure having a bad day do they not let u keep playing after u losing a certain sum?

Poker club said...

what are the next planned steps?

Anonymous said...

your out of your league at fulltilt grundies

Milkybarkid said...

Micko - Bad Beat give me a daily amount to play across various sites, and a maximum i can lose. When i hit my maximum, i stop playing for the day.

Milkybarkid said...

Next steps are to play alot more HU 100/200 and 200/400 HU PLO, where i feel my edge is greatest.....

Anonymous said...

Hi ben

Just dropped you an email. Check your junk mail if you don't see it.

Ian

Anonymous said...

Ben

Can you still get me rakeback on Betfair?

Renee said...

Thanks for the tips about the bankroll, this is always a great subject for players - i.e - ME. Thanks!

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Anonymous said...

Ho Ben

Love the blog, it's been going for like forever, amazing to see you have moved from .5/1 player to a 200/400 player and have never once been broke. You should write an omaha book.

Milkybarkid said...

Hi Honee

I'm not interested in any blog sponsorship....

Thanks

Ben

Anonymous said...

why do u always hit and run on ft?

Milkybarkid said...

I set an aim to win x amount and if i hit the target i stop its simple. It works for me that way. If i had $2 million in my full tilt account i'd play all day long, but i often quit when i go $30-$40k ahead. I run when i lose too...

nemo said...

Hey mate, just wanted to say that your stats are freakin incredible! Are there any tips you can give a newb like myself? I don't quite know how to play omaha, but I'm willing to learn.

sports utility vehicle said...

Thanks for sharing. What is game Omaha all about? I'm interested. Hope we could get along soon.

Thanks!