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Old 03-09-2008, 10:23 PM   #1
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Long Strat Post about Variance because I am to cool for the **** thread

There have been a lot of bitching and whining about variance and running bad, I would like to think this thread is for everyone, but everything I am writing here is something that anybody who wants to play poker seriously should have ingrained in them.

Takings shots
On 2p2 there are tons of threads and horror stories about people who take shots and lose their roll. These people get mocked, how can they be so dumb? Don’t you read every faq in every forum about how big your bankroll should be, remember two years ago when people thought that 30 buyins was a good bankroll, what a bunch of idiots look how much we have learned about variance it is even worse than we could possibly imagine. It can be worse than AIDs and the bubonic plague combined into some sort of super disease, worse than super AIDs (one teaspoon in your butt and you are dead in one year.)

People like to say “poker isn’t gambling”, but it is gambling, just gambling with an edge. Because of this mantra people are afraid to do anything perceived as “gambling” because they feel once they start gambling they might as well be playing roulette. That isn’t the case recently pifhulk made a post where he said he was going to
Quote:
1.Play the 16s/27s until I have 30k in my account probably Juneish time frame.
This is plan is ridiculous it will cause pifhulk to make less money than he should and it will make it harder for him to improve. There is a fear whenever you move up that the higher stakes are much harder. You see posts occasionally where people say they would fold hands at $114s because an unknown villain has to be good at the $114s. I remember when I first started playing at the party $109s I thought they were going to be incredibly tough because guys like TravestyFund and John Hurst played them and they were a lot better than me. Than in my very first 109 some fish got it AIPF with like qjs in level 1 and I realized the difference between stakes is largely artificial. Another problem is people pigeon hole them as a certain level of player, “I am a $16 player”. I remember reading an interview with Whitelime and talking to Alan Sass about this as well that they play the stakes that they feel have the best games not the stakes they most frequently play. I remember playing soft $555s with 10k bankroll and I remember playing $60s with a 20k bankroll I didn’t just play the $114s because I was a $114 reg that is lazy and stupid.

If you have a decent memory you will recall that this section was titled taking shots and I haven’t specifically addressed that yet. About once a month I get a message on AIM from someone asking if they should move up, here is what I generally recommend to them. The games aren’t much harder if you move up, the only problem could be that you play bad because you care more about the money. Take a 10-15 buyin shot at higher stakes if you lose it all that sucks, but it isn’t crippling. It might take a couple tries, but eventually you will breakthrough and move up. Remember once you move up you can still move back down be afraid to move down some people don’t like moving down so once they move up they want to stay there this pre-emptive fear prevents people from moving up when it is profitable.


I know the goal of poker is to make money, but for me I always treated poker like a video game and my goal is to get to the next level and stay there. That being said from a fundamental level moving up for winning players will often cause you to make more money. If you are a good $27 reg with a 10% ROI and you move up the $60s your ROI can cut in half and you will still be making more money per hour. Not all of this applies to everyone some people may have no problem gambling, some people can voluntarily move down easily, but if you are overrolled for your stakes, think about why you aren’t moving up and even if the best decision is to stay put considering the alternatives.


A game vs. C game
The biggest problem that occurs when players have big downswings is they don’t play there A game this is especially true in sngs where people can regularly miss thin plays, but never make big mistakes so they think they are playing okay. In sngs one of the biggest problems I see in okay players is they have no understanding of game flow. If you make a 0.2 shove on the button, you should be passing up thin shoves from the CO because people are calling wider. Someone will post that hand where they shove CO with JTo and ten bbs and get mad when some retard calls with QJ. The hands looks fine when you post it without information, but with information it is a bad shove. I played this hand yesterday. As well nobody ever has reads they don’t need flawless reads, but stuff like he has been active, I have seen him minraise before, I saw him shove junk. All those sorts of things can help you make good decisions.

Party Poker $400 No Limit Hold'em - 6 players
The Official 2+2 Hand Converter Powered By DeucesCracked.com

Hero (CO): $1133.60
BTN: $402.50
SB: $396.00
BB: $400.00
UTG: $683.00
MP: $504.44

Pre Flop: Hero is CO with K K
UTG raises to $14, 1 fold, Hero raises to $48, 3 folds, UTG raises to $125, Hero calls $77

Flop: ($256.00) Q 6 8 (2 players)
UTG bets $186, Hero calls $186

Turn: ($628.00) T (2 players)
UTG bets $372 all in, Hero?

I played this hand yesterday when I am playing my B or C game I will think I need to have like 25% equity to call he can have AQ he can have a bluff, etc. However yesterday I thought he will almost always play AA/QQ like and he needs to be two barreling or have AQ a ton for this call to be good. So I timed down and folded.
When I am playing my poorly I call there because I am getting really good odds and I have KK. When he shows QQ or AA I would think dfshdfsjkdsjfjdsf what a sick ****ing cooler/suckout. Even when I send the hand to people on AIM to whine very few people would say fold turn. because it is a difficult fold. And even if I did call there it wouldn’t be such an egregious mistake to turn me from a winning player to a losing player. Individual mistakes like this don’t turn a winning player into a losing player, but they add up and can turn a marginal winner into a breakeven player or a big winner into a marginal winner. If you are a 10% ROI player and they go on a downswing people will use RVG’s simulator or other things and say “The odds of this happening are x%”. The problem is this you maybe a 10% ROI player, but you might not be playing like one. If you are experiencing and 1 in a million downswing it is probably more likely your premises are wrong than you are the most unlucky person in the world. Some people get stagnant if you have a 10% ROI people ask why am I running so bad, but they never ask why don’t I have a true 11% ROI. Learning from your mistakes and improving is approximately three millions times better than bitching about how bad you run.

What I just wrote was fairly rambly, however I guess the key to my post is trying to improve and get better is very important. You can improve internally through taking shots and challenging yourself and you can improve externally through posting talking to people on AIM and so long as people are honest and trying to help you and explaining what they are thinking you will improve.
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Old 03-09-2008, 10:38 PM   #2
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Re: Long Strat Post about Variance because I am to cool for the **** thread

As always, nice post.
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Old 03-09-2008, 10:45 PM   #3
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Re: Long Strat Post about Variance because I am to cool for the **** thread

not bad for a rambly strat post
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Old 03-09-2008, 10:48 PM   #4
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Re: Long Strat Post about Variance because I am to cool for the **** thread

[x] thread delivers

good read, man. I probably do that thing you mention about 'being a $xx reg, so that's what im gonna play' thing too much
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Old 03-09-2008, 11:02 PM   #5
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Re: Long Strat Post about Variance because I am to cool for the **** thread

Very interesting..I hate the whole variance thing - on this site 1000 sngs seems to be the Holy Grail but ive read that u need maybe 2000 or even 3000 to know real roi..Im currently 10% up after 300 games I know that means sweet FA but its kinda good to be ahead...part of the addiction of SNG for me is not winning money but chasing the 1000th or 2000th tournament so I can get a better judge of my ROI..

I think SNGS and infact any tournament poker is less like gambling than cash games as its like enteriing a competition.. you pay your entry fee and try to win a prize..

Dealing with downswings is a tough psycological thing and I find it hard..but the brain works in strange ways..its pretty hard to take beating after beating when the cards spit at you and it can really affect your game..one of the real skills of Poker is dealing with the bad luck and keeping focused.....

The memory always stores negative events stronger than positive..we are just built like that..I think taking breaks of a week or so really help when things are running bad..it helps me anyway..but the joy of poker is somtimes getting some mad luck and sucking out on the bubble etc..

Anyway thanks to Pudge for a great post....time for ME to stop rambling now

gl :-)

TH
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Old 03-09-2008, 11:04 PM   #6
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Re: Long Strat Post about Variance because I am to cool for the **** thread

OP doesn't apply very well to people who play for a living or generally have bills to pay with poker monies.
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Old 03-09-2008, 11:07 PM   #7
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Re: Long Strat Post about Variance because I am to cool for the **** thread

Quote:
Originally Posted by blackize View Post
OP doesn't apply very well to people who play for a living or generally have bills to pay with poker monies.
It does if those people are smart enough to have money in the bank to cover expenses during an extended swoing.
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Old 03-09-2008, 11:15 PM   #8
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Re: Long Strat Post about Variance because I am to cool for the **** thread

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It does if those people are smart enough to have money in the bank to cover expenses during an extended swoing.
true
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Old 03-09-2008, 11:15 PM   #9
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Re: Long Strat Post about Variance because I am to cool for the **** thread

Thanks. Struggling for the moment and that helped.
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Old 03-09-2008, 11:19 PM   #10
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Re: Long Strat Post about Variance because I am to cool for the **** thread

I wish this post came earlier when my Location still said "$16s". Although I was improving multi-tabling skills and my $/hr I feel like staying at the same level for too long stopped me from improving as a poker player as fast as I could have. That said, I think some players will reach their max $/hr in sngs just by playing low stakes.

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Originally Posted by Pudge714 View Post
I know the goal of poker is to make money, but for me I always treated poker like a video game and my goal is to get to the next level and stay there.
This is the same for me, but it may just be due to some sort of obsessive personality trait - I feel like I go crazy without something like poker to analyze.
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Old 03-09-2008, 11:55 PM   #11
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Re: Long Strat Post about Variance because I am to cool for the **** thread

nice read.

I'm a huuuuge BR-nit and i stop myself from moving up by saying "i want to beat this level first, before i take a shot/step up". I was playing the 6.50s until I had 120 buyins or so for the 11s and then i still played just 1/3 of my sngs with 11$ buyin and the rest were 6.50s.
So, after this post i'll rethink my current 170buyin management and take some shots at the next level and see how i do there. I'm almost certain i'm moving up too slow for the time i invest in studying and learning the game.

great post and good it has its own thread, otherwise i might have missed it.
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Old 03-10-2008, 12:07 AM   #12
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Re: Long Strat Post about Variance because I am to cool for the **** thread

Good post.

Quote:
Some people get stagnant if you have a 10% ROI people ask why am I running so bad, but they never ask why don’t I have a true 11% ROI.
That is a very good point.
You are very better of putting your energy into improving your game than feeling bad and complaining. After all that's all you can do. You never play perfect, so partly your swing is your own 'fault' and there is work left to do.
Also by improving, your next downswing will be smaller and upswings will be bigger.
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Old 03-10-2008, 01:00 AM   #13
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Re: Long Strat Post about Variance because I am to cool for the **** thread

v nice post pudge. I am severely overrolled and probably should be playing higher as it is. Even like a 50 buyin downswing at the 60s wouldn't be the end of the world for me at all. I kind of get tied to stakes when I know I should probably be playing higher and I definitely should not be pigeon holded to what I'm playing now. I also agree that when downswinging, complaining doesn't really get u any better, but obv as you said the good thing about downswings is that u tend to review your game more often and improve from that. I still obviously have tons of leaks and when running hot, you really shouldn't get cocky and think every move you make is perfect.

I think this should get stickied or at least make it to Rewwoo's March digest thread
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Old 03-10-2008, 01:17 AM   #14
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Re: Long Strat Post about Variance because I am to cool for the **** thread

great post. i will say moving up and or taking shots depends quite a bit on the way you personally think and the risk tolerance you have though...i personally have trouble playing my a-game when i don't have a certain number of buyins. its a stupid mental block, but its still there...i don't think you can really say "just get over it" because sometimes its not that simple...and yes i realize this is exactly the type of thinking that you're talking about
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Old 03-10-2008, 01:22 AM   #15
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Re: Long Strat Post about Variance because I am to cool for the **** thread

I'm going to start banning people that suggest a thread should be stickied.
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