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Views: 29
Date Posted: 39 hours ago, 0 Comments

Developing a Poker PlanIn part one of “Developing a Poker Plan”, we discussed the importance of establishing a poker plan whether you were a professional or amateur poker player.  The act of creating a plan begins the process of actualizing your goals. In part two, I will share two examples of concrete poker plans that can inspire you to create one of your own.

Amateur Player Poker Plan - Your general goal is to have fun and make some money.

While the goal is simple and vague, achieving it is not.  First ask yourself some questions.  When do you have to play? What can you invest into your poker playing?

1) Time - A couple nights a week and Sunday afternoons are potential playing times - 8 hours/wk
2)Investment - I can take $200 from my paycheck to start my online bankroll.
3) Game - I enjoy Sit n Go’s best as like outlasting players and can make money usually.
4) Level - I will play $5 Sit n Go’s until I reach $350, at which time I’ll play $10 Sit n Go’s  
5) Reward - I will withdraw $50 when I reach $350 to treat my girlfriend to a dinner
6) Profit improvement - I currently play 2 at a time, but will try 3 and compare results as I usually make the money in 1/2.
7) Stop Loss - If I finish out of the money 4 in a row, I take a break or call it quits for the day.
8) Strategy - I’ve been reading on some forums and articles that it’s important to ramp up my aggression near the money bubble to ensure I don’t enter the money short as the most money is in the top two spots. I want to watch some higher stakes SNG’s being played to watch how they change gears
9) Records - I will track my results to determine my ROI% and compare it to other similar level players on Sharkscope or PTR.
10) Future - I want to befriend another Sit n Go player, find a supportive poker forum or buy a poker book that will help me improve my play.

Semi-Professional Player Poker Plan - Goal is to go from $1-2 to $2-4 or $3-6 this year.

1) Time - Part time job to pay some living expenses (20 hrs/wk) Play poker 30+ hours a week.
2) Investment - Online bankroll currently at $7500.  I intend to grow it to $10-12K before withdrawing so I can more comfortably play 4-6 tables and handle swings better. Goal is to reach $16-$18k before moving up to $2-4.
3) Game - Currently 6 max, but want to work some HU into the mix.
4) Level - $1-2 with the occasional shot at $2-4 if the game is juicy. Cut out the shots until I meet my goal.  
5) Reward - Once I reach $12k, I will withdraw $1k a month for living expenses if I keep my bankroll about that mark. Make sure to take $50-100 of that to do something nice for friend or family so they see the fruits of my labor.
6) Profit improvement - I currently 3-4 table.  Try to play a minimum of 4 tables with 5-6 more regularly if good tables are running. Consider more play on site with rakeback than the FPP site I often play.
7) Stop Loss - Stop loss is 5 BI if I’m feeling good about my game.  Keep to it strictly.  
8) Strategy - I need to take more advantage of the sweat sessions and strategy forum on the training site I belong to.  I noticed 3 and 4 bet aggression increasing in $2-4 games, need to figure out how to combat it better and increase my money won at showdown. Watch some HU videos to start getting a better handle for short handed play and playing HU more.
9) Records - Spend 30-60 minutes weekly reviewing my sessions in Hold’em Manager.  Make sure my 3 and 4 bet % and post flop AF are at recommended levels.
10) Future - Set up some coaching with respected HU player at my training site.  Would be great if he also plays $2-$4 NLHE 6 max or better to give advice about the move up.  If $2-$4 move goes well, consider cutting back on part time job in order to play more.

As I don’t play $2-4, please don’t hold me to those exact numbers, but rather to the idea that you are concretely planning out your needs and goals.  You are now accountable to something.  You may need to revise your plan once you get a month or two under your belt.  The idea it that the plan forces a positive structure to your play.  It actualizes your goals in a realistic format for achieving them.  Those who plan, both their play and their poker career, are much more likely to reach their goals.  So get started on your poker plan today. 

Views: 26
Date Posted: 39 hours ago, 0 Comments

Developing a Poker PlanIn part one of “Developing a Poker Plan”, we discussed the importance of establishing a poker plan whether you were a professional or amateur poker player.  The act of creating a plan begins the process of actualizing your goals. In part two, I will share two examples of concrete poker plans that can inspire you to create one of your own.

Amateur Player Poker Plan - Your general goal is to have fun and make some money.

While the goal is simple and vague, achieving it is not.  First ask yourself some questions.  When do you have to play? What can you invest into your poker playing?

1) Time - A couple nights a week and Sunday afternoons are potential playing times - 8 hours/wk
2)Investment - I can take $200 from my paycheck to start my online bankroll.
3) Game - I enjoy Sit n Go’s best as like outlasting players and can make money usually.
4) Level - I will play $5 Sit n Go’s until I reach $350, at which time I’ll play $10 Sit n Go’s  
5) Reward - I will withdraw $50 when I reach $350 to treat my girlfriend to a dinner
6) Profit improvement - I currently play 2 at a time, but will try 3 and compare results as I usually make the money in 1/2.
7) Stop Loss - If I finish out of the money 4 in a row, I take a break or call it quits for the day.
8) Strategy - I’ve been reading on some forums and articles that it’s important to ramp up my aggression near the money bubble to ensure I don’t enter the money short as the most money is in the top two spots. I want to watch some higher stakes SNG’s being played to watch how they change gears
9) Records - I will track my results to determine my ROI% and compare it to other similar level players on Sharkscope or PTR.
10) Future - I want to befriend another Sit n Go player, find a supportive poker forum or buy a poker book that will help me improve my play.

Semi-Professional Player Poker Plan - Goal is to go from $1-2 to $2-4 or $3-6 this year.

1) Time - Part time job to pay some living expenses (20 hrs/wk) Play poker 30+ hours a week.
2) Investment - Online bankroll currently at $7500.  I intend to grow it to $10-12K before withdrawing so I can more comfortably play 4-6 tables and handle swings better. Goal is to reach $16-$18k before moving up to $2-4.
3) Game - Currently 6 max, but want to work some HU into the mix.
4) Level - $1-2 with the occasional shot at $2-4 if the game is juicy. Cut out the shots until I meet my goal.  
5) Reward - Once I reach $12k, I will withdraw $1k a month for living expenses if I keep my bankroll about that mark. Make sure to take $50-100 of that to do something nice for friend or family so they see the fruits of my labor.
6) Profit improvement - I currently 3-4 table.  Try to play a minimum of 4 tables with 5-6 more regularly if good tables are running. Consider more play on site with rakeback than the FPP site I often play.
7) Stop Loss - Stop loss is 5 BI if I’m feeling good about my game.  Keep to it strictly.  
8) Strategy - I need to take more advantage of the sweat sessions and strategy forum on the training site I belong to.  I noticed 3 and 4 bet aggression increasing in $2-4 games, need to figure out how to combat it better and increase my money won at showdown. Watch some HU videos to start getting a better handle for short handed play and playing HU more.
9) Records - Spend 30-60 minutes weekly reviewing my sessions in Hold’em Manager.  Make sure my 3 and 4 bet % and post flop AF are at recommended levels.
10) Future - Set up some coaching with respected HU player at my training site.  Would be great if he also plays $2-$4 NLHE 6 max or better to give advice about the move up.  If $2-$4 move goes well, consider cutting back on part time job in order to play more.

As I don’t play $2-4, please don’t hold me to those exact numbers, but rather to the idea that you are concretely planning out your needs and goals.  You are now accountable to something.  You may need to revise your plan once you get a month or two under your belt.  The idea it that the plan forces a positive structure to your play.  It actualizes your goals in a realistic format for achieving them.  Those who plan, both their play and their poker career, are much more likely to reach their goals.  So get started on your poker plan today. 

Views: 70
Date Posted: Aug. 30, 6:57pm, 0 Comments

Developing a Poker PlanAll August I've been writing a lot of poker articles geared to newer players covering a large range of subjects.  My writing juices have been sapped and my blog hasn't been as regular or inspirational as a result.  Sometimes when I address a newer to poker audience, I feel it isn't as appropriate for here.  This particular subject does, apply to all level of player, in my opinion.

How many of you start with a plan when you play poker?  I don't mean "I want to play some poker and win some money."  When you are developing a plan, you need to consider your plan in three time frames; in terms of your immediate hand, in terms of your session, and in terms of your poker career.

Any established winning poker player has realized that having a plan for a hand you play will always lead to better results than not having a plan.  You want to raise pre-flop to take control.  If you are just calling, you want to do it with position.  What flops will you continue on? What scary flops may you put pressure on the pre-flop raiser? What hands are you representing?  How do you see your opponent reacting to your various moves.  A plan isn't so rigid that you can't adapt during the hand, but you start with a particular strategy in mind and look to execute it.

In any particular session you should also have a plan.  How long do you plan to play for? How many tables will you play? Will you stick to your stop loss if you lose?  What if you win big early? What is your goal for the session?  It may be the same set of goals you usually have, or it might be specific to the time frame or period you have available to play that day.

Equally important is your plan for your poker playing career.  At the lowest levels I rarely see players with a plan.  If they win a little money, they want to immediately withdraw it.  They don't look to have a plan to move up.  They don't follow strict bankroll management guidelines.  They justify all kinds of gambling because they want to have fun and maybe get lucky.

The natural plan for most serious players is to structure your play so you don't ever have to deposit again.  They want to make a certain win rate over a certain number of hands.  They want to win X amount of buyins before they move up to the next higher level.  It's not that you can't reward yourself with a withdrawal when you do well, but not at the expense of jeopardizing your online roll. No matter if you are serious or not, you can still plan a schedule of times to play, whether it's 2 hours a week or 40. 

I was talking to a poker friend today who was raving about the discipline of some CR members he knew.  They take their game very seriously. They meet almost every night to go over hand histories online.  They plan time for study and review in addition to their heavy play schedules.  They support each others passion for the game.  If one player has a particularly good result or bad downswing, they help each other stay on their plan, not getting distracted by the emotional swings that poker tries to take you on.

Even the amateur player can greatly benefit from having a plan.  Know your strengths and weaknesses.  Don't play a game because it's popular or your friends play it, but because you feel competent.  Look to take advantage of the edges available; including chasing bonuses, rakeback, freerolls and other such promotions.  They can be a big part of your poker plan.  The amateur player needs a plan as much as the professional player if they want poker to be profitable and fun.  The demands of time and work may be less, but the need for a structured plan is no different.  If you won't take your game seriously, how can you expect to have your results follow any particular plan?

Views: 71
Date Posted: Aug. 26, 5:50pm, 1 Comment

When Kimberly Lansing recently interviewed Daniel Negreanu regarding his recent public brouhaha with Annie Duke over his damaging comments, he said his comments had been off the record. He was in a lengthy conversation with an interviewer he knew pretty well, they had finished formal questioning and they were just casually talking about various topics. Regardless of whether you believe him, find his comments offensive or not, the issue that interested me was off the record vs. on the record.

I am obviously not a politician, celebrity, sport figure, or serious public figure at all, so I don't face these issues of pubic vs. private comments in my daily life. But I've always found it a bit odd where people claim certain things on the record, then state the opposite or different feelings soon after, off the record. It creates this uneasy dichotomy. Are the things we say on the record the only things we will claim responsibility for and things off the record we won't? Doesn't it seem strange then that what is said on the record aren't usually our true feelings? They are things often said for the benefit of others. What is the point of being responsible for something we don't really feel?


There is often a tension between reporter and subject about what to air. The reporter wants the most juicy interesting tidbits that sensationalize the subject. They seek controversy knowing it will draw readers. On the other hand, the subject wants to portray a certain image or viewpoint to accomplish some goal. It is rare that both parties are satisfied with the outcome.


Off the recordEarlier this year, Dos Equis, as part of their "The Most Interesting Man in the World" series, introduced a new tag line..."The bulk of your life should be off the record." Granted that these tag lines are meant for amusement and entertainment, but do they mean that the majority of our adult lives we shouldn't be accountable for? Isn't that the point of adulthood, to learn to be responsible for all our actions? Certainly I'm not advocating that all our comments or behaviors should be aired for everyone to see. I've learned that the public is too defensive, insecure and judgmental to handle many of our private behaviors, but should the majority of our lives be hidden? What kind of life is it if you have to hide who you are all the time?


Experience has taught me that it is prudent to hold back our more extreme thoughts and feelings. It is a sad necessity. Being in the the public eye brings a spotlight into your life that more regular folk don't face. But they also don't benefit from all the perks of the celebrity either. There is a cost to being a high profile personality and one of those is not being naive, as Daniel likely was, as to what and to whom you share your true feelings.

Views: 84
Date Posted: Aug. 20, 1:27pm, 1 Comment

Apparently posting the inspirational Thuy Doan interview presaged my relapse. Twenty painless months since my back surgery are over. There was no particular incident, but I noticed a little something after my Monday morning walk. The next day it had flared into my full blown severe sciatica that I suffered from for two years prior to the surgery.

Severe SciaticaThe timing is both better and worse now. Worse because my surgeon hasn't returned my call in three days and seems to be too busy for me. Worse because I needed to reach two years of no relapse in order to qualify for medical insurance due to the previous surgery. It is better because I'm back to having a regular income again, so I'm not cash broke. It is better because I have the experience to know that I can be fixed and not spend many months searching for alternative methods when surgery is likely the best option.

My concern, besides surgery and the huge cost issues, is for my productivity. I can't sit at my computer chair as before. I have to turn the chair around, be on my knees on the seat, leaning over the back with a massive cushion to relieve the pressure. I have been less able to concentrate or have my usual work stamina. So I did a little research, and while not surprising, chronic pain saps both energy and mental abilities.

Besides causing physical discomfort, affecting your ability to work, sleep and other activities essential to leading a full life, pain can also affect your memory and concentration. Canadian researchers zeroed in on one of the cognitive mechanisms affected by chronic pain. Evidently chronic pain actually disrupts the maintenance of the memory trace required to hold information for processing and retain it for storage in longer-term memory stores.


"Prevalence studies indicate that as much as 44 per cent of the population-in Canada as well as in the U.S. and Europe-experience pain on a regular basis, and that in approximately one-quarter of this group the pain is severe", said Dick. The cost of chronic pain to society is great, and Dick and Rashiq argue that the matter needs to be recognized as a public health priority.


I have been through this before, and I know I can return to being pain free again. How I will get there in my present situation is the challenge. I will persevere regardless.

Views: 138
Date Posted: Aug. 12, 7:23pm, 1 Comment

intense workoutBack in November 2007 I wrote a little blog about intensity.  What I suggested at the time was that a poker player's success was "directly proportional to how intense their learning/play of the game, but that their longevity was a more loosely related inverse to that line.  Walking the fine intersection of those those two lines determine your ability to maintain and prosper through a long poker career."  I used the example of Stu Ungar, who was a brilliant, intense, and hugely successful player who burned out quickly unable to manage his demons.

Today, I was thinking of the question of intensity in poker in relation to muscle workouts.  If you do an intense, anaerobic workout (without sufficient oxygen), your muscles produce waste molecules that impair muscle contraction. You will tire quickly and require significant time to recover.  If you do a more measured aerobic exercise, the pace allows for more oxygen and energy to fuel your metabolism.  You are able to sustain your activity for a longer period.

There is no denying that the World Series of Poker is a workout. In the month since the 6 week long WSOP ended, I have seen more blogs, or actually less blogs because people have been blogging less but more as a percentage of overall blogs detailing the fatigue and hangover effect from that intense period.  The intensity of the series is unsustainable long term.  The temptations of Vegas, including friends and family, along with the 57 event poker series and assorted concurrent Vegas poker options, wear out most players. Afterwards, they drift home in a daze. They need time to recover from that period.  Many players will spend more time inside, doing non poker activity, being sick, or generally not in their usually peak productive selves.

For the vast majority of poker players, the WSOP has all the earmarks of an anaerobic workout.  Players are reluctant to miss out on any of the intensity of the experience, they push themselves to max out the experience.  Thus they inadvertently create physical and mental waste in their lives that impairs future action.  For a lot of players, it takes over a month to fully rest and recover, physically and mentally, from the expenditure before they return to their more natural productive selves.  Only those select few poker players who structure the series as an aerobic activity, pacing themselves both on the number of events they play and the level of entertainment outside of playing are able to maintain their activity without seeing a drop off in productivity.

The ultimate issue of how much intensity should you have in your poker life remains an important one.  Do you want to go full speed or learn to pace yourself.  Only you can decide that for yourself, but align your intensity with your goals and don't be surprised if either decision has a certain cost to itself.  


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Views: 134
Date Posted: Aug. 4, 4:11pm, 1 Comment

I needed a little break from blogging.  I had tried blogging every day for a month, but frankly it's a grind.  Of course, my sense of professionalism kicks in and my break wasn't more than 5 days, but life is all relative. I also noticed that it has been a long time since I had shared any music videos; hence the title - Forever and a day.

I have always identified with music from an emotional level, and less of an intellectual level.  I rarely remember lyrics or really pay close attention to them. So I picked out four very different songs, one randomly, without lyrics or in another language I don't understand.  I'm not sure I would enjoy them more if I understood what they were saying.

Doc Gyneco - Caramel



Pete Heller - Simpler



Habib Koite "Wassiye" (Live)



Random song I found just now - BACK ON - Sands of time

Views: 140
Date Posted: Jul. 31, 12:07am, 2 Comments

John Wooden passed away earlier this year at the age of 99.  He lived a long and full life with incredible success during his college basketball career at UCLA.  He was known for having imparting a lot of wisdom to his young players.  I read a review of some of them and thought I would write a series of blogs inspired by some of his quotes.  The first one is...

“Things turn out best for the people who make the best of the way things turn out.“  - John Wooden

I love this quote, because it encompasses the reality of life.  How much of it do we control.  We can plan, plot,and prepare all we want, but we don't control the outcome.  There are so many elements that we don't have much influence over.  Those who are fortunate have their hard work pay off, many others work similarly hard, but don't the results they desire.

Earlier today I was writing a FAQ article about when is the best time to bluff.  Sometimes, no matter how well you set up a bluff, it isn't going to work.  Your opponent may have hit their hand or simply be a calling station with any piece.  You may stack yourself and look foolish, but how do you react to this situation? Do you buy back in and use that new loose table image to your advantage to get paid off with a hand later? Do you start to press and ramp up the aggression to get it back quickly? Do you resume your normal game? Do you call it quits because it doesn't seem to be your night?

Earlier this week, as I was flying home, I missed the connection in Minneapolis, due to weather, and had to get a hotel room in Minneapolis and fly out the next day.  Some people were freaking out at the airline insisting that they should get their room comped even though the airline clearly states, rightly or wrongly, that they aren't responsible for weather delays. Some frantically insisted they make their own arrangements, pissed off at the airlines.  I quietly watched their frustrated antics and how the attendants reacted.  Remaining calm, I was able to rebook my automatically re-assigned flight to an earlier flight by being nice to the attendant.  Then I accepted the discount hotel coupon, booked my room, caught the free shuttle and jumped on the free Internet in my room to get some work done.  My night went smoothly and I got home 14 hours later than planned in Portland.

The key, as I see it, to the quote is making the best of whatever situation you find yourself in.  Is it worth stressing out when you encounter difficulty?  Will that somehow help you resolve or improve your situation?  Will your life be improved or prolonged by fighting your outcome? Outcomes are beyond your control, but how you react to them isn't. You don't control how other people will act or react, you only control your actions.  Can you sleep at night knowing how you acted? Do you feel you gave it your best shot? Regardless of the outcome, did you learn from it and move on?

John Wooden was a mentor to many with his plethora of wise quotes.  I hope to do a little justice to a few more of them in the coming weeks.

Views: 126
Date Posted: Jul. 29, 6:39pm, 1 Comment

In business, being bigger is better seems to be the dominant mantra.  Being bigger gives you more resources to execute your business plan and security to handle the various business cycles.  It is no different in the online gaming and poker industry.  We have seen PokerStars and Full Tilt Poker bludgeon the competition by outspending and out innovating once they established a bigger presence.

PartyPoker and the iPoker network have been in a protracted struggle to become the clear third place poker network. It has cost both significantly. Now PartyGaming and Bwin have just made official what was rumored for months, their merger to form what they claim is "the clear market leader with leading positions across all of the key product verticals of poker, sports betting, casino and games which includes bingo."  Some have speculated that the merger was more to shore up PartyGaming's sportsbooks than purely for the poker combination, but it will have serious implications in the poker world. Bwin controls the respectable Ongame network, which just saw Betfair, who for several years had wanted to be independent, recently join the larger network. These moves should clearly define the new PartyPoker as the clear third place room and formidable enough to try to tangle with PokerStars and Full Tilt. 

With HR 2267 having been passed in the House Financial Services Committee, we are one step closer to having a new legislation signed into law. The Internet Gambling Regulation, Consumer Protection and Enforcement Act has several limiting amendments attached to it, one of which has language that might impact industry behemoths like PokerStars, Full Tilt Poker and UB who have benefited the last four years from continuing to serve the US market.  I would imagine that one of the benefits of becoming much larger in the interim is that they can afford significant lobbying and legal teams to assert their interests in this process.

The current trend of individual countries licensing and regulating online gaming is strengthening as countries chase after their previously missed tax revenue.  This process creates an extra layer of management and complexity that only the biggest poker operators can handle easily. Marketing to individual markets requires a certain scale of economy.  PartyGaming appears serious about their desire to challenge the top two poker room players and attempt to return to their top spot of pre-2007.  The US government could give them a big boost if they prioritized their licensing and delayed those for the current top two PokerStars and Full Tilt Poker as some form of retaliation for their continuing to server the US market.  I suspect that PokerStars and Full Tilt will employ their massive resources to ensure they remain in the competitive poker landscape for the foreseeable future. Either way, the online poker landscape will continue to be a challenging one for smaller operators. 

Views: 85
Date Posted: Jul. 28, 6:33pm, 1 Comment

As I fly back home to Portland from my family visit to Virginia, there are two great family moments I will recall with fondness. Both involved all the adults from the four distinct households sharing stories and laughing around the dinner table. Each of our four households has its own stresses and dynamics, but in those two evenings we were able to let those go and just laugh. I laughed until my stomach hurt. It felt so good. The last night, they said I hadn’t laughed like that since I was a boy. It was a laugh that couldn’t be controlled, a laugh that was unlike the usually in control me.

 

Laughter doesn’t cure your ills. Laughter doesn’t solve your problems or stresses. But what laughter does do is take you to a place where those don’t exist. Laughter transports you almost involuntarily to a space with no conflict or tension. It is a space that realizes that so many of our judgments are absurd, turning them on their head in a hilarious fashion.  A space that perceives the ridiculous and amusing aspects in all our lives. It is a magically jovial space. Laughter and the place it takes you to is also fleeting. I hope to revisit in more often in the future.

 

40 Years in the making…

 

I just arrived home today, as last night I missed my connection in Minneapolis due to weather and was stuck over night.  I wanted to share a small moment that was over 40 years in the making.  My stewardess from Detroit to Minneapolis came up to me and freely gave me several extra bags of peanuts, unsolicited.  She said ‘you looked hungry to me.”  Bless her heart, I was hungry. I don’t know if it was her extra sensory perception, her witnessing my attempt to tear open my single super small size peanut bag with my teeth, or the tired and pathetic look on my face, but she didn’t offer extra bags to anyone immediately surrounding me.  I was touched in no small way because in over 40 years of flying I have never been offered anything extra without requesting it myself or it being something they were offering everyone else.

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