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Time to do something else - looking back over a year of online play.
Goethe
Member Posts: 370
Yep, after a year or so of playing online poker I've decided it's time to give it a rest and spend the time doing other things. Several reasons for this, that I won't bore anyone who reads this with.
I reckon that since starting to play online poker again, I've played for 320+ days out of the 365 or so, and clocked up around 50,000 hands at the cash and DYM micros in doing so. Not a huge number perhaps, but certainly enough to draw some conclusions from the records that I've maintained.
With the cash tables, I Played 6,766 hands, and the results seem remarkably consistent. Of every 200 hands played on average:-
80 were folded pre-flop at no cost
47 were folded at a cost of 1 big blind (folding the BB or seeing the flop cheap and then bailing): -47BBs
12 were folded with the loss of the small blind: -6 BBs
10 were folded with the loss of 2 x BBs: -20 BBs
In total the above 149 (c75%) of folded hands accounted for a loss of 73 BBs on average. In order to breakeven on the cash tables, I would have had to make a net profit of 73 BBs from 50/200 hands I contested. And this is the net profit - some of those 50 contested hands would have been losers, and so the winners would have had to win enough to cover the folds, the losing contested hands, the rake on the winning ones and the 1 in every 200 or thereabouts severe suckouts - losing an average of 70BBs each time (got the money in good yada yada yada . . . and caught a cold from someone getting lucky - we all know the story).
So the numbers that fell out of my performance on the cash tables never really stacked up, which was the main reason for avoiding them after about 6 months of play. Some players will make a profit from playing the cash tables, but the maths suggest it can be a tall order. Tighten up? Could do - but playing less hands will mean losing more on the folds and therefore needing a greater win rate from the hands that are contested to cover these as well? Everyone else's figures will be different of course, but I think the underlying dynamic is not unusual. The term "grind" is very apt. Overall I'm 21 buy-ins down, of which the equivalent of 17 have gone off to Sky as rakings on my winning hands. As I've said before - the real winner is the site operator.
I suffered all of the silly beats when playing the DYM tables, but could laugh them off as the most that went south when being stuffed with a silly long odds draw was the 30p/60p entry fee. Can't think of how many times I thought that if I'd been playing at the (£0.02/£0.04) cash tables that turn-up would have cost me a fiver . . . . Overall, the DYM tables certainly resulted in less of a roller coaster to my meagre pile of pennies, and I've managed to play for 6 months on a deposit of £20.00, with an overall loss of just £3.79 (on a total wager of £318.20) - not too bad considering the 20% buy-in fee on the micro tables I've played on. Loss rate on 940 games is -1.87%.
Well, so much about the numbers.
To all of those people who have commented positively on my missives in the forum I say thank you - and also to all of those I've exhanged pleasantries and banter with at the tables. To the (I assume) lady who told me she wanted to "f++k my @r$e", (Dominica-something?) some while back I do hope the treatment's working, and if you're not receiving any at present please get some help before you become subject to the whims of two medical practitioners and the Mental Health Act.
Good cards in the future everyone.
I reckon that since starting to play online poker again, I've played for 320+ days out of the 365 or so, and clocked up around 50,000 hands at the cash and DYM micros in doing so. Not a huge number perhaps, but certainly enough to draw some conclusions from the records that I've maintained.
With the cash tables, I Played 6,766 hands, and the results seem remarkably consistent. Of every 200 hands played on average:-
80 were folded pre-flop at no cost
47 were folded at a cost of 1 big blind (folding the BB or seeing the flop cheap and then bailing): -47BBs
12 were folded with the loss of the small blind: -6 BBs
10 were folded with the loss of 2 x BBs: -20 BBs
In total the above 149 (c75%) of folded hands accounted for a loss of 73 BBs on average. In order to breakeven on the cash tables, I would have had to make a net profit of 73 BBs from 50/200 hands I contested. And this is the net profit - some of those 50 contested hands would have been losers, and so the winners would have had to win enough to cover the folds, the losing contested hands, the rake on the winning ones and the 1 in every 200 or thereabouts severe suckouts - losing an average of 70BBs each time (got the money in good yada yada yada . . . and caught a cold from someone getting lucky - we all know the story).
So the numbers that fell out of my performance on the cash tables never really stacked up, which was the main reason for avoiding them after about 6 months of play. Some players will make a profit from playing the cash tables, but the maths suggest it can be a tall order. Tighten up? Could do - but playing less hands will mean losing more on the folds and therefore needing a greater win rate from the hands that are contested to cover these as well? Everyone else's figures will be different of course, but I think the underlying dynamic is not unusual. The term "grind" is very apt. Overall I'm 21 buy-ins down, of which the equivalent of 17 have gone off to Sky as rakings on my winning hands. As I've said before - the real winner is the site operator.
I suffered all of the silly beats when playing the DYM tables, but could laugh them off as the most that went south when being stuffed with a silly long odds draw was the 30p/60p entry fee. Can't think of how many times I thought that if I'd been playing at the (£0.02/£0.04) cash tables that turn-up would have cost me a fiver . . . . Overall, the DYM tables certainly resulted in less of a roller coaster to my meagre pile of pennies, and I've managed to play for 6 months on a deposit of £20.00, with an overall loss of just £3.79 (on a total wager of £318.20) - not too bad considering the 20% buy-in fee on the micro tables I've played on. Loss rate on 940 games is -1.87%.
Well, so much about the numbers.
To all of those people who have commented positively on my missives in the forum I say thank you - and also to all of those I've exhanged pleasantries and banter with at the tables. To the (I assume) lady who told me she wanted to "f++k my @r$e", (Dominica-something?) some while back I do hope the treatment's working, and if you're not receiving any at present please get some help before you become subject to the whims of two medical practitioners and the Mental Health Act.
Good cards in the future everyone.
Comments
Some strange people on here, at least i',m one of them : )
Tbh when I found out you were a losing player I was really surprised, as you're obviously very smart and play within your limits
Please stay around the community as you have plenty to offer
Dave
Good luck pal whatever you decide