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At TwoRags.com, we're committed to providing accurate information to the
poker community. If you see entries or information that you believe to be in
error, please email us.
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Getting Even...One hand at a time.
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Thoughts on G2E and a few thousand hands
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By EdmondDantes
on 11/15/2007
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read EdmondDantes' complete blog
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Well, it’s been crazy busy lately, and it seems like the days just run together. I’ve had a couple of trips back to New York (the day job), I just got back from the Global Gaming Expo show (aka G2E) in Las Vegas, I have a meeting in Orange County tomorrow and then on to Fresno tomorrow night to pick up my winner’s bracelet in the 3rd Annual Ace of Diamonds tournament at Club One Casino. Next week, I'm heading back home to Maine for the holiday week. And after that, I’ll be hosting a home game at the Commerce Casino to take that service for a testdrive and report back. In any event, lots going on.
Global Gaming Expo (aka G2E)
I wanted to post the results of a recent effort I undertook for the benefit of some of the guys out there trying to build bankrolls, but first, a word on G2E. G2E is the largest gaming show—it’s held in Las Vegas and pretty much every vendor to casinos is there pitching their wares. I was out there researching player tracking systems for a project I’ve been working on. A few minutes after I got there, I noticed a forum discussion starting with Gary Loveman (CEO of Harrahs), former Senator Alfonse D’Amato (now head of the Poker Player’s Alliance) and Terry Lanni, the head of the MGM/Mirage. I sat in and listen for about a half an hour. There were no major insights from the session, but the consensus was that legalized online poker is coming.
Walking the show, I noticed at least three vendors (maybe four) of automated poker tables. Lederer and Ferguson were pitching one of them (Lederer was looking particularly freakish, weird and not very young) and there was activity at all three or four booths, but from what I’ve seen locally in Southern California (Hollywood Park et al.), the early results with automated tables are nothing special. I think there’s a role for them in a smaller 2-3 table club or in larger clubs for single-table tournaments (satellites) or heads up play. But, for the most part, it’s still early in the game for the automated table guys.
Overall, it’s clear from looking around that poker is still the red-headed afterthought of the gaming industry. The show is still all about the slots and financial services (ATMs, cash advances, etc.), although technology is taking more and more floor space every year. Oddly enough, relatively few web services are on display and given the generally poor state of casino websites and how much more important the web is to all companies marketing plans, that’s bound to change. It’s amazing to me how many casinos will acknowledge that 1) their website is lousy and 2) acknowledge it’s the first place visitors go when planning a trip…yet do NOTHING to improve it. Even sophisticated marketers seem to whiff their site. See, for example, www.wynnlasvegas.com. Steve, tell us about the restaurant again…no, please, we want to here it again...flash is fine…
A few thousand hands at low stakes NL
Anyway, on to the "few thousand hands" part of the post. I’ve read a number of blogs in which guys are trying to build a bankroll but suffer swings and get discouraged. I may be being a bit harsh here, but I’d argue that a lot of those “swings” are actually the result of erratic play. You can, in fact, grind out a decent earn and build a nice little bankroll through aggressive, but thoughtful play. Even on Full Tilt.
Post-UIGEA, I withdrew most on my online bankroll (call me a little old lady) but still had a few dollars in my Full Tilt account. I had some IM chats with Landlord79 in which I critiqued some of his plays and figured it would probably be more compelling if I logged a few thousand hands and posted the results.
I started with about $100 overall and sat admittedly underrolled in $.10/$.25 NL playing very basic TAG strategy. After I had a few hundred dollars, I moved up to $.25/$.50 NL to bang out another 10,000 hands. The results:
PT Stats
Graph
In most simplistic terms, my strategy could be summed up as follows:
Respect early position raises.
Raise pre-flop in position and continue if 3 or fewer players.
Avoid stacking off with over-pairs to limp/callers.
If I think I’m beat, fold.
Repeat ad nauseum.
Of course, I had my share of mental lapses and dusted off my stack light. See hands 8500-9500. I’m telling you right now those weren’t so well-played. I also had my share of brutal two outers, runner runner suckouts and not so brutal but nauseating nonetheless 2:1 favorites getting turned or rivered. I think I played great between hands 11,000-13,500 but, as you can see, had nothing to show for it.
As a practical matter, all the hands were played in full ring on Full Tilt. A fair number of the hands were single or double table play while doing other things. At most, I multi-tabled 8 tables, but those were relatively short focused sessions. I can play pretty well at a rate of about 300 hands per hour. Above that, it’s hard to say.
In any event, the point is I managed to build up a what would be a workable bankroll from a modest amount of starting capital. It’s not a huge sample size, and I'm not saying it's a great living, but it’s enough to show that a lower stakes player can build a bankroll without wild swings. You just need to stop spewing and start thinking. And raise in position, please. Note: if anyone wants more PT details or wants to comment, feel free to post me.
Anyway, that's it until I report back from the Club One event. Before I sign off, though, I’ve seen the new TwoRags home and blog pages. Very, very nice. I haven’t been this excited since the Patriots put the Colts on season tilt two weeks ago. Ha!
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