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Stealing Blinds

Thursday, December 31st, 2009

I’ve probably blogged on this a load of times, but it’s always worth a brag. I was watching Pokey’s microstakes video which is a bit dated but still worth a view. He steals using minraises from the button which TBH isn’t that good at microstakes – limpers are quite likely to go that extra blind since it’s no biggy for them and they love to see the flop. At higher stakes I can imagine it’s fine as most people understand position enough to fold, and keeping the price of stealing that low pretty much guarantees it’s profitable.

Anyway, I decided to do a quick check on PokerTracker to see if my stealing is going ok – I’m a relentless blind stealer and even a constant 3bet defender won’t put me off (especially as all it takes is the odd decent hand against a manic 3betting blind to make it super profitable). Here are the results since April, filtered for stealing opportunities where I raised;

Since I rarely decide not to steal (if both blinds are 64 vpip types I might not, or against a manic 3bettor I admit I do tighten up a bit), it’s obvious that stealing pays – 39BB/100!! It’s almost worth just stealing and not playing any other hands (apart from that being insanely dull).

Position stats;

Position 1 is cutoff, and it’s always worth watching out for that ultratight player on your left who lets you steal through the button – extremely worth it in fact, you can see from the positional stats that it’s a higher BB/hand rate. Mainly this is because the button is just so obviously a stealing position that blinds give it a lot less credit than they should, while the CO is seen as a regular position and will respect your raise ;-) . I’m not a big fan of stealing from the small blind though – you’re generally only gaining one big blind while risking three and you’re OOP if called. Not a big enough deal to make a fuss about…

Clearing Bonuses at NL2, NL5, NL10 etc

Tuesday, November 17th, 2009

Full Tilt have just given a $100 promotion as many of you probably know. However even though I’ve moved back to NL10 it’s going to be heavy going to get all that monies.

The problem is that these microstakes just don’t generate enough frequent player points to clear the bonus effectively. For instance Last night I had an hour long session at NL10 on 3 tables – this cleared about $2 of the bonus. I’ve a month to clear $100 – not going to happen! Fortunately it comes in $10 payments so I should clear some of it (maybe half?), but it’s frustrating to see that free money just out of reach.

This is where a happy coincidence of my rakeback research and some correspondence with S1ndr0me this morning comes together for a possible solution;

Clearing the bonus is linked to frequent player points (or Full Tilt Points), which are 1 point for every $1 paid in rake. Full Tilt uses the dealt method for rake (see my last post), so you don’t actually have to put any money in the pot to be attributed with that rake, you just have to have the cards dealt to you.

So, if you sat at a higher stakes full ring table and played super tight (QQ+), you’d be clearing that bonus far faster than if you played your normal 6max manic shove fest at NL5. To make it cost effective though, you have to avoid losing too many blinds, otherwise your losses will be more than the bonus you’re trying to clear.

So what would it take to be worthwhile. It has to be a ‘dealt method’ rake site obviously. You obviously have to be absolutely self-controlled. Playing hands out of your bankroll is going to be suicidal – the aim of this exercise is to be dealt lots of hand and lose nothing, not to win $$$. The loss will come from two things – losing your blinds, and losing the hands you do play. The latter is usual shortstack strategy – you’ll only be playing premiums like QQ+, which will at least win you the blinds. The former is not so easy since as a short stack you’ll have almost no fold equity and so stealing from late position isn’t going to be so easy. That means it’s possible to have a stack that’s *too* small. Playing above your bankroll the big drain will be the blinds, so it’s a fine balance between a safe stack size and the gain from the rake. The usual 20bb may be enough, but it’ll be the absolute minimum. However increasing it to improve your fold equity also increases your losses when those premo hands get sucked out on.

To sum up the strategy, table select the tables with the highest average pot. It has to be full ring obviously (Edit: not so obvious actually – the dealt rake is split between the players, so a FR player has 1/9 of the rake in a pot, while a 6max player has 1/6 – the balance comes down to loss due to blinds versus gain from less players. I’ll have to think about this). I’m undecided as to whether it should be 20bb or 50bb buy-ins – I’ll need to experiment as to whether 20bb has any stealing potential or not (possibly there’s a reason to pick the nittiest tables too, but not sure yet). SSS strategy has to be followed religiously, although I’d drop all unpaired hands other than AK, and PP under TT – having said that some risks would have to be taken to steal blinds from the button (actually CO maybe more effective since everyone knows the BTN is on a steal). Equally leaving the table on doubling up is also mandatory.

All that’s left is to try it out. If it works on this Full Tilt holiday bonus then it may be worthwhile signing up at the other ‘dealt method’ sites (Cake does it I believe), and do a bit of early bonus whoring. While being at microstakes the boost this would give my BR would be far more meaningful than when I’m doing ‘standard’ bonus whoring at NL100+.

However, I did mentioned this to S1ndr0me, and he’s tried the short stack strategy on and off and doesn’t think it’s a good idea. I can see where he’s coming from since SSS is fairly high variance really. I’ll proceed with caution I guess…

Edit: for those landing here from Google, my results from trying it out are here.

Back On Track

Friday, February 20th, 2009

Ok, I’m good again. Moving up is supposed to be tough, but how embarassing that I lost my head going from 2NL to 4NL :oops:

Here’s today chart – solid headed play, back on track thankfully…

20feb09

Fall Back, Regroup, Try Again

Thursday, February 19th, 2009

I’m glad I posted those hands yesterday – I knew what I was doing was bad, but needed a slap in the face to bring myself round.

Today I played properly – folding poor hands and playing good hands aggressively. That being said I had an AA hand crushed because I paused on the turn. He probably wouldn’t have folded QQ anyway;

$0.02/$0.04 No Limit Holdem
6 players

Stacks:
UTG ($4.31)
UTG+1 ($4.14)
Hero (CO) ($5.01)
BTN ($6.58)
SB ($4.07)
BB ($1.36)

Pre-flop: ($0.06, 6 players) Hero is CO A A
1 fold, UTG+1 raises to $0.12, Hero raises to $0.36, 3 folds, UTG+1 calls $0.24

Flop: J 3 6 ($0.78, 2 players)
UTG+1 bets $0.68, Hero raises to $2, UTG+1 calls $1.32

Turn: 3 ($4.78, 2 players)
UTG+1 checks, Hero checks

River: Q ($4.78, 2 players)
UTG+1 bets $1.19, Hero calls $1.19

Final Pot: $6.81
UTG+1 shows: Q Q
Hero shows: A A

UTG+1 wins $6.81 ( won +$3.26 )
Hero lost -$3.55

So, finally came out in the black and feel happy with that;

19feb09

The other loss was also a bit cruel – I had hit my set on the flop (22′s I think), the board paired with aces and I built the pot up to a bit bet on the river (which was a J). The villain called and had AJ :-(

4NL Sucks Totally

Tuesday, February 17th, 2009
$0.02/$0.04 No Limit Holdem
6 players

Stacks:
UTG ($1.71)
UTG+1 ($8.20)
CO ($9.73)
BTN ($5.16)
Hero (SB) ($5.59)
BB ($4.20)

Pre-flop: ($0.06, 6 players) Hero is SB 9 9
4 folds, Hero raises to $0.12, BB calls $0.08

Flop: 9 K 8 ($0.26, 2 players)
Hero bets $0.20, BB raises to $0.60, Hero calls $0.40

Turn: K ($1.46, 2 players)
Hero checks, BB bets $0.32, Hero raises to $0.64, BB raises to $1.04, Hero calls $0.40

River: 8 ($3.86, 2 players)
Hero bets $3.83, BB goes all-in $2.44

Final Pot: $9.37
Hero shows: 9 9
BB shows: 8 K

Hero wins $1.39 ( lost -$4.20 )
BB wins $7.98 ( won +$3.78 )

I didn’t even have time to reload (fortunately) and then this with same villain;

$0.02/$0.04 No Limit Holdem
5 players

Stacks:
UTG ($5.16)
Hero (CO) ($1.39)
BTN ($7.82)
SB ($8.16)
BB ($9.92)

Pre-flop: ($0.06, 5 players) Hero is CO 3 3
1 fold, Hero raises to $0.14, BTN calls $0.14, 2 folds

Flop: 8 8 6 ($0.34, 2 players)
Hero bets $0.34, BTN raises to $0.68, Hero goes all-in $1.25, BTN calls $0.57

Turn: 4 ($3.18, 2 players)

River: K ($3.18, 2 players)

Final Pot: $2.70
Hero shows: 3 3
BTN shows: 8 9

BTN wins $2.70 ( won +$1.31 )
Hero lost -$1.39

I only one won hand in the whole session (fortunately a three way monster). So crap…

17feb09

Challenging

Monday, February 16th, 2009

Another challenging session at 4NL. I guess 2NL was just too easy to make people fold – sounds the wrong way round, you’d think total beginners would float a lot. At 4NL that seems to have changed and most people don’t fold to a flop cbet, and frequently reraise a turn bet. Are they bluffing? I don’t know yet…

The flip side of that is that when you do have a strong hand, it’s easy to get a decent sized pot at the end. As I realised I wasn’t being very convincing with cbets and turn reraises I stopped and started playing only hands that hit the fold. However, my losses from failed aggression outweighed my wins on solid hands.

16feb09

Moved Up

Sunday, February 15th, 2009

I thought I’d try 4NL for a bit. I’m still not sure whether I want to risk $10 buy-ins for 10NL as I haven’t played enough to know if I’ve really developed some kind of competence at poker or not.

Unfortunately it didn’t go too well. I think I was my own worst enemy though – the first few tables I met a huge amount of aggression with preflop 3betting going on all over the place. I then stupidly adjusted my play and started calling down what I thought were light bets, and also 3betting light a bit myself. Of course, while they were 3betting light, it still didn’t go to well for me;

$0.02/$0.04 No Limit Holdem
6 players

Stacks:
UTG ($4.44)
UTG+1 ($5.90)
CO ($5.17)
Hero (BTN) ($4.94)
SB ($4.82)
BB ($5.58)

Pre-flop: ($0.06, 6 players) Hero is BTN 6 T
3 folds, Hero raises to $0.14, 1 fold, BB raises to $0.28, Hero calls $0.14

Flop: T 4 5 ($0.62, 2 players)
BB bets $0.58, Hero calls $0.58

Turn: A ($1.78, 2 players)
BB checks, Hero bets $1.04, BB calls $1.04

River: 7 ($3.86, 2 players)
BB checks, Hero checks

Final Pot: $3.63
Hero shows: 6 T
BB shows: 9 A

BB wins $3.63 ( won +$1.73 )
Hero lost -$1.90

I then ran into some tables which had calling stations, which was pretty bad after getting all aggro on the previous tables. In one hand I ran into my old enemy of not recognising straight draws being hit;

$0.02/$0.04 No Limit Holdem
4 players

Stacks:
CO ($5.00)
BTN ($4.12)
SB ($4.25)
Hero (BB) ($6.31)
[CO posted $0.04]

Pre-flop: ($0.10, 4 players) Hero is BB 5 Q
CO checks, 2 folds, Hero checks

Flop: Q 4 3 ($0.10, 2 players)
Hero bets $0.10, CO calls $0.10

Turn: 9 ($0.30, 2 players)
Hero bets $0.30, CO calls $0.30

River: A ($0.90, 2 players)
Hero checks, CO bets $0.45, Hero raises to $2.25, CO goes all-in $4.56, Hero calls $2.31

Final Pot: $9.52
Hero shows: 5 Q
CO shows: 5 2

CO wins $9.52 ( won +$4.52 )
Hero lost -$5.00

The hand was going well until the river, and then I aggro’d myself into a big loss :-(

I gradually settled down, and began to see that 4NL wasn’t much different from 2NL. That’s not to say it wasn’t different, it definitely was. 3Betting doesn’t really exist at 2NL, and it clearly does at 4NL. Plus most players have a VP$IP of less than 30, so people have clearly sorted out their starting ranges.

So I decided that I should push on and try and recoup my losses for the session. At that point I was down 2 buy-ins ($10), and it looked do-able to get it all back.

It turned into a 1000 hand marathon, taking me about 4 hours and I still didn’t get it all back. Towards the end I was just thinking ok, down 1 buy-in is acceptable, let’s just get to that point. Every time I stacked someone, I crashed out on another table. I just couldn’t get my won$ amount to shift up, although at least it wasn’t going down either;

15feb09



Forum

Re: StoxEV by Simon Debanks 09:25, May 07 2010
Re: StoxEV by Meteoric 20:05, Apr 29 2010
Re: StoxEV by yegor_kgb 08:30, Apr 28 2010
StoxEV by Simon Debanks 21:53, Apr 27 2010
How hard can it be! by Meteoric 20:27, Mar 15 2010
Re: Forum Upgrade by Meteoric 14:26, Mar 11 2010
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