RakeTheRake, the rakeback professionals, offering up to 60% rakeback

Sunday, April 29, 2007

Palawan Escapade

Was in Palawan the last 4 days for a business meeting/seminar together with some people from our HK regional office.

It was my first time in this southern province and I have to say, Palawan is beautiful. It was clean, quiet and peaceful, people were friendly and the eating places were terrific specifically Kahlui and Badjao.

Stayed at the Legend Hotel in Puerto Princesa, which was supposed to be a very good business hotel. The facilities were ok but the service was kind of lousy. The hotel had all kinds of gimmicks to charge you extra for different kinds of services. So it was the only sour note in the otherwise wonderful experience.

We took the island hopping tour to Snake and Pandan Island. Did some snorkeling which was great. Saw Nemo and Dorie and lots of other famous fishes. =)

Also got to play a friendly basketball game with some of the locals there. 5 on 5 in a makeshift court with hard sand as the surface. The board was nailed to two coconut trees and was kind of skewed. Of course, there was no net on the ring. The players we were against were all barefoot. The score was close initially but eventually they just ran and fastbreaked their way to victory. Our thong slippers were no match for the Nike Free Palawan version. ;)

Had a blast, met some cool people, went to unique places and even got some work done. What more can you ask for? Heheh, the only thing missing was a late night poker game and it would be absolutely perfect. And the thing I realized was that it doesn't have to be expensive. Of course, you cannot compare it to Amanpulo, El Nido and the other high class resorts. But there are lots of reasonably priced hotels in the city and it is easy to get around. The tricycles were abundant and tour operators were in every corner for those island hopping or underground river trips.

Would definitely go back there in an instant. If you ever get a chance, highly recommended place. Two thumbs up.

Wednesday, April 25, 2007

64 chips

Played in a $5 buy in tourney last night. 1500 starting stack, 12 minute blinds, around 260++ players. Didn't really want to join this but couldn't find anything better.

Managed to double up early on when I limped a Qd9d in the SB with 4 other players. Flop was all low cards diamonds. BINGO. Got an aggressive player betting and I just went along for the ride. Villain showed A10 playing Top pair top kicker.

Middle of the tourney, disaster struck. Had a set rivered by a flush. Then a few hands later, I correctly read a bluff by a bad player so I played my middle pair all in on the flop. He rivers an inside straight draw.

This left me with exactly 64 in chips and blinds were at 100-200. Hahah.

Couldn't really wait for anything but I wanted a chance. Waited for a pot where there were lots of limpers. Finally got one and went all in with 3h5h. Flop got me a three. Then this really aggressive player overbets and scares away all the limpers. He shows A rag and doesn't improve which allowed me to survive and more than quadruple up. It was the correct play by him because there were lots of dead money in the pot and he didn't really care about eliminating me.

A couple of all-ins later, with some luck on my side, I managed to chip up to a semi decent stack that allowed some play (around 8xBB). One play that I find works well in MTTs if you're desperate in chips is to wait for a semi decent hand in late position. Then wait for an aggressive big stack to raise the pot. This usually scares aways everyone. You then push all in. More often than not, he is bluffing and is just trying to steal the blinds so he'll fold. If he calls, you have a good chance of beating him since his range of hands is pretty wide. I did this maybe twice then one aggressive player finally calls my reraise all in and shows 2 face cards against my small pocket pair. And I double up.

I now had a good stack close to average level and we were on the bubble (Top 20 gets paid). Just stayed tight and told myself to fold everything except monsters. Finally one of the midstacks in my table lose 2 successive pots and goes on tilt. And gets the honor of being the bubble boy.

Yeah. ITM. Coming back from 64 in chips. Bwahahahah.

I had about 9xBB at this point. But this is the part where all the low stacks go all in, so it is actually still prudent to stay tight. Just 2 hands later, we were down to 15. And then back to the bubble for the final table.

A super aggressive big stack raises 5xBB. Everybody folds. I was in the BB with KcJc. I push all in. He pauses and chats "What do you have ? AK or AQ, so maybe I'm 40%". He finally calls and shows 10c8c. Nothing flops and I double up. He comments "Stupid call by me".

Yeah. Final Table. Coming back from 64 in chips. Mweheheheheh. And I don't see the player who allowed me to survive.

Finally busted out in 8th when my pocket pair couldn't stand up to an AJ.

At this point, I was more than satisfied. I could have easily busted out middle part. Then again, during the bubble. Then again before the final table. So I'll take 8th and sleep happy. =)

Sunday, April 22, 2007

Sunday Tourneys Blech ...

Played in 3 tourneys today. A $2,000 guaranteed in Poker.com, a $5,000 guaranteed in Bodog and a $2.00 buy in tourney.

Busted out in all three but was OK with my play. All the hands wherein I busted out, I was way ahead and I am happy that I got my money all in where it mattered. In the $2,000 guaranteed, I was 2 outered by a pair of 3's against my AAs middle of the tourney. In the $5,000 guaranteed, went deep and close to the money, but my QQs reraise all in was called by an AJ who then turned the Ace. Finally in the $2.00 buy in. My KKs was cracked by a real donkey who played an unbelievable Q10 with a preflop raise and an all in push after the flop. Villain then proceeded to river trip Queens.

Just for fun, I sharkscoped the last player who busted me out with the Q10 just to see if I was up against a psychic. Well, irony of ironies, she of course had the little fish flopping in the bowl and had lost close to US$1,500 in a span of around 600 games. Her graph was like a straight slanting line with no peaks.

But then again, what did I expect playing in a $2.00 one. It was like the poker gods telling me to shut up with my whining as everybody with basic poker knowledge knows that they have reserved the sickest beats in the low buy in tourneys. =)

Decided to quit after that last bustout as there seemed to be a pattern emerging in the beats. Imagine AA, QQ and KK cracked in 3 successive tourneys to bust me out. It was quite obvious that it just wasn't going to be my day. ;)

Saturday, April 21, 2007

ITM but ........

In line with my resolution in the previous entry to play more tourneys, I surfed around some of the major poker sites to see if I could find a tourney that was suitable for my needs. As you know, it is almost impossible to find a good tournament that starts in the 8PM to 10PM range Manila time as I believe this is early morning in the US and all the poker addicts are asleep.

Finally found one in Bodog. It was a daily $2,500 Guaranteed Tourney that started at around 10PM with a good structure. 5,000 in chips, reasonable buy-in, 10 minute blinds that escalated very slowly. Less than 200 people. So it was perfect.

Got to play this last night. Started out good. Doubled up in the early rounds when somebody overplayed his top pair against my set of 4s. Got another good break when my QQs held up against an open ended straight draw. Before I knew it, I had a big stack around the middle of the tourney with half of the players eliminated. I believe I was in the top 5.

Then something happened. It wasn't that I was card dead, because I still got some good cards. But all my plays were not working out. If I raised pre-flop, somebody reraised all in and I had to fold. My limp ins were not being rewarded. I took some beats with good cards. And finally I made a bad call with an A8 against an A10 which crippled my stack. All these coupled with the blinds and antes going up.

When we were nearing the bubble, I was barely hanging on with around 10xBB. Just decided to fold and stay tight. A couple of rounds later and we were ITM. But I was severely short stacked. Finally decided to make a stand with Q4 suited against the BB who called with a K2. No improvement and that was it. Busted out in 15th place for a win of $30.

Should be happy with the ITM but obviously I'm not. I am trying to analyze how I lost the big stack and I think I was guilty of "fancy play" syndrome. My stack during the mid-levels was enough to comfortably make it ITM and still have a lot of play left for the final table. But I donked off majority of it overplaying some hands.

Damn .... I have to consider this tourney a critical lesson in stack management. I think it was the first time that I had a big stack like that in a tourney. In previous ones, I would normally be about average stack or slightly below and just maintained this to the final table by being aggressive near the bubble. So believe it or not, I wasn't too comfortable with the big stack because I didn't know what to do with it. Heheh.

The bad thing was, with the good structure and slow blinds, the tourney ended at 1AM. And that was me busting out in 15th. If I had made the final table, it would have probably ended at 2 AM. So if I decide to play this tourney regularly, it would result in me having only around 5 hours sleep before getting up the next day for work. And I don't think I can survive with 5 hours sleep on a daily basis.

So right now, I have decided that I will probably play this 2x a week. Maybe only on Fridays and Saturdays and we'll see what happens from there.

As to my SNG playing, still managing to play one or two games every night. Up and down is the term I would describe my results. Will ITM, lose a couple, ITM again, then lose a couple again. Am up a bit this month in SNGs, but only around 50 dollars or so.

Also heard about the $1,000 freeroll sponsored by nick (Poker Filipinas) on the occasion of his birthday. I admire this really great gesture to the local poker community. Unfortunately, cannot play this one as I will be in Palawan for a business seminar. But I am sure all the participants will have a blast. So Kudos to nick and GL to everyone !

Friday, April 13, 2007

Change of Pace

I recently reviewed the number of games I've played so far in my online poker odyssey and it appears that I've breached the 700 games mark this April. Broken down by site, they are roughly as follows

Pokerroom = 300++ games
Full Tilt = 300++ games
Poker.com = 70++ games

This is in approximately 9 months of playing. So If I divide the number of games by the number of days I've been playing. This averages out to about 3 games per day.

Heheh. Ngyek. I know. I need to play more games. I read in the blog of manila grind that he was planning 800 games for this month alone. So if I plan to catch up to him, I need to bust my ass. ;)

The thing is, I do not have time to play more than my current rate because of my job and family.
Well, unless I resign my job and become the next poker pro. But this is just a pipe dream that will never happen unless I win the WSOP or something equivalent. =)

So having said this. I decided to do some ABC Analysis between MTTs and SNGs. And the results are quite surprising. It actually should have been obvious from the start but I have not really been paying attention.

It seems that aproximately 90 percent of my net profit so far has come from MTTs. While only 10% came from SNG playing. The thing is, out of the 700 games played so far. I think I've participated in less than 30 MTTs. All the rest have been SNGs.

Now this data could be skewed by the big ITM in the grand tourney, but recent results show otherwise. I've been monitoring my MTT playing these past two months and it appears that I at least have a good ITM in every one of three or four tourneys I join.

So what does this tell me. Quite simple really, play more MTTs. Or more accurately, play less SNGs and transfer the limited time I have to MTTs. It seems that my style may be more suitable to medium sized MTTs. Efficiency wise, at least.

The facts say it all. 5% of the games I've played contributed 90% of the profit. Some of you may say that we cannot do a direct comparison as an MTT takes longer than an SNG so it eats up more resources. So converting it to number of hours spent assuming an average MTT takes 3 hours. So that's 30 MTTs x 3 hours each = 90 hours. Compare this to maybe 670 SNGs x 45 minutes each = 502 hours.

So another way to look at it. 90 hours of the time I spent playing poker contributed 90% of the profit. While the other 502 hours contributed only 10%.

Obvious diba that I should allocate more time to MTTs. The main problem that I see is that MTTs require a block of time, 3 hours at least. And in normal nights, I do not have this. At most, I have 1 to 2 hours of playing time. Just right for 2 to 3 SNGs.

So aside from Sundays and holidays (I also have work on Saturday), I really cannot play the normal tourneys that abound. So there lies my dilemma.

Heheh .. oh well. Let's see na lang what happens. I'm sure I can figure out a way to make use of this analysis/realization to my advantage.

Monday, April 9, 2007

AAAArgggh !!!

Warning in advance - Bad Beat Story.

Sorry, but just had to get this out of my chest before I exploded. Just got eliminated from the $3,000 Guaranteed Tourney over at Poker.com 10 minutes ago. It was the early rounds and I only play 2 hands and get busted. Wanna know what they are ? AK and AA

Yep

Get AK in late position with lots of limpers. Raise 5 x BB. Two callers. Flop is all rags with 2 spades. The two callers check. I bet 3/4 pot. One guy folds, the other guy just calls. I put him on a flush draw. Turn is a low card. Guy still checks, I bet maybe 2/3 pot. He thinks about it for a while which reinforces the draw, then still calls. The river comes out and its a 6 spade. Villain checks, I check. He shows 10 9 spades making the flush on the river.

WTF. He didn't even make any pair, just donkey calling his flush draw up to the river. Ok, I dodged a bullet on that one with the good read. Was happy even though I lost about a third of my chips.

Three hands later. I get the monster hand AA. Middle position with 1 limper in front. Raised 4xBB. Everybody folds, the limper calls. Flop is all low cards, suited spades. (What's with the spades ?) Villain bets about 1/3 pot. I raised him 2x his bet. Villain thinks about it for a while and calls.

So now the made flush or the low set is eliminated because if he had it, he would have already pushed all in after my raise as both of us were getting low on chips. So I knew I was ahead with my AA. Also had the A of spades which gave me the nut flush draw. Turn is another low card not a spade. He bets minimum, I just call.

River is a Queen of diamonds. Villain pushes all in. Shit. Pot committed with AAs. Had to call. Well, I don't know if you guessed it coz I certainly didn't put him with that hand. He had QQ and made his set on the river eliminating me in the process. Damn !!

Don't know if I could have played the hand differently. I put him on 2 high cards with a spade flush draw since he didn't raise preflop with his queens.

In hindsight, the alternate ways I could have played it is if I had pushed all in on the flop or on the turn, but I am pretty sure he would have called with his Queens since it was an all low card flop and he had me covered.

Man ! If you guys have any suggestions on how I could have played those two hands differently. Please feel free to comment. Was I too attached to my AAs ?

Just a passing thought. Sometimes I think we give credit to our opponents too much esp. in these higher buy-in tourneys. We put them on logical hands and bets but the donkeys are just as prevalent in these tourneys as the $ 1 or $ 2 ones.

SIGH.... @#$%

Anyways just as an update, I played about 7 MTTs this April including 5 this Holy week. And the results have been pretty encouraging. I had a high ITM in 2 of the tourneys giving me a good net profit. So am quite satisfied even with the above.

Planning to play more tourneys as time permits. Good Luck to every one !!