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Pot Limit Omaha Challenge - Experiment: turning  to .000 Pot Limit Omaha Challenge - Experiment: turning  to .000

03-31-2019 , 06:27 PM
Hey guys I am Mario, from Austria, Vienna. ( so my english is not perfect ) Currently i am 32 years old.
I play Poker since 14 Years, and Omaha for like 10 Years or so.
In the last 3 Years, i worked very hard on my game and i think i am on a very good level right now,
especially in PLO (big thanks to Jnandez, for me one of the best PLO Coach at the moment).
But also the Book: "Mastering Pot-Limit Omaha (by Herbert Okolowitz and Wladimir Taschner" is one of the best PLO books i have ever read.
But also an very important factor is the experience!
Experience is essential, and no coach or book can learn or teach you experience,
you need to play a lot of hands for a lot of years to gain experience.

A little bit about me: i am a winning player online and live, but i generally play very much live poker. i also won a SCOOP on PokerStars, of course a PLO Tournament I don`t like to talk too much about money, winnings and stakes ( i played them all, from PLO2 with a lot of fish to PLO2500 where i played against Isildur1, omaha4rollz, Jessica5218, LarsLuzak and many more top pros, and yes, i won )
But tbh i have to say, that PLO2500 Sessions, i did not played with my money, i was coaching a friend in PLO, he has the money for this stakes, and i managed to win 5 digit winnings in some coaching sessions. ( i told him, that it`s better to NOT play that high, but he have the money, so he said he want play that high, ok.. ) Of course he gave me something from this winnings, for example he invited me to the 1,5K WPT Deepstacks Barcelona 2019 with 1MM gtd, and also in Austria he invited me to a 1K Tournament (with 1 Re-Entry) and some lower stakes like 440€ Tournament or 275€ PLO Tournament, but unfortunately i busted in this higher stakes tournaments against Badbeats where i have been a big Favorite and my opponents hit their 2, 3 or 4 outs. Unlucky, but i am not here to tell you Badbeats
I have been an PokerStars Player, but since the Rakeback is an impudence, i changed to Partypoker, and i now love Party
Ok now you have a little bit of my Background

I see a lot of people playing Poker, but at stakes they can not afford. They play against all BRM ( Bankroll Management ) rules.
Of course they will go broke, for sure! Almost everybody has done this wrong, and a lot of players know it, but still keep doing it wrong.
So i want to start a PLO 6-max (4-6 tables) Challenge, to prove, that you can win in the long run (when you beat the game you play! if you don`t beat the stakes you play, you lose anyway!) and i also want to prove that (almost) everybody can make it from micro stakes to mid or even high stakes, all you need is: learning, learning, learning, constantly improving your game, put in enough effort.

So my first thought was: how much money would be good to start this Challenge? i don`t want to start from PLO2, since PLO5 is even low for me, but i had to find a middle way, to make a Challenge and to use only little money, so everybody can afford this.

So i said ok, PLO5 is the perfect start for my Challenge. Normally, my BRM advice (for skilled players) is at least 50-75 Buy-Ins for PLO, the more buy-ins, the better, because PLO is a very swingy game with a lot of variance, since equities running very close together. 100+ Buy-Ins is optimal. Because i am new to Partypoker, i tried out the software and deposited some $. not much. i liked the software and then i had the idea of this PLO5 Challenge.

So, my Bankroll on Partypoker at the beginning of this Challenge was 20€ ( its like 25$ ).
Of course, i could easy deposit more money and have more buy-ins for this PLO5 Challenge,
but i started with the 25$ because when i lose it, i can deposit again, and if i have a good start,
i do not need to deposit more money But: Normally, my plan was to use 50 Buy-Ins for this Challenge, which is 250$.
But since i had a good start, i had the idea, of just using this $25 and look how far i can get with this $25.
There is only one Problem: 5 Buy-ins in PLO is way too small to grind a lot of hands,
since you 100% come to a point where you lose 5-10 buy-ins (or maybe even more) in one single session because of standard variance!

So, this is why i had to adjust my strategy, when i want to turn only 25$ into a lot of money instead of starting with 250$.
The reason why i do this: i was simply wondering if it`s possible to start with only 25$,
but i strongly recommend you, do not try this at home lol and to deposit 250$ and play with 50 buy-ins, because its a lot safer,
and all i do now i just shotting with 5 Buy-Ins, which is generally not good and against every BRM. lol

So my Challenge is now: Turning $25 into like 10K, starting from PLO5 (even if its against BRM),
so i had to adjust my strategy, because when i keep grinding some hours per day, i go broke 100% since i can not overcome the variance.
So i asked myself, what could be the best strategy to build the 25$ Bankroll to as high as possible in a PLO5 shot?
I had the Idea, to play PLO5 and quit each session when i win 1-3 buy-ins.
That means, its still shotting, and i still can go broke within 1 single session, but when i quit after winning 1-3 buy ins each session,
i can build the bankroll without playing a lot of hands, step by step, session for session.
( i know this sounds stupid, but it works! as you can see later - again, don`t try this at home lol )
because when i don`t quit after winning 1-3 buy ins, i can lose in 1 hand like 4 buy ins and/or i can go broke because of the normal variance very easy when playing too much hands. it sounds very stupid, i know.

Spoiler:
yes i know generally speaking my strategy at this point is not the best and doesn`t make a lot of sense at all lol! since the money comes by playing a lot of hands and hours. but as i said, i tried out this strategy and it works out for me... it`s just an experiment


Normally, you make the money by playing a high volume of hands, by playing much hours per day, to generate your winrate ( bb/100 ) in the long run!
But i just make this 1-3buy ins win & quit sessions, since i want to shot only with this 25$ to see how far i come,
and can not afford to grind with some buy-ins only (at PLO5). Even tough it sounds stupid, it works for me.
and i will quit this win&quit sessions after i have reached the $250 for PLO5. when i reach the $250, i will definitely play my volume of hands what is possible, depending on how much time i have free for this challenge

I will update this thread regularly, and show you the HEM2 graphics.








As you can see above, with my controversial 1-3 buy-ins win&quit strategy, i run pretty good, it works for me.

Anyway, you can see below, i also had a lot of Horror Sessions, where i was like 5-6 (or even more?) buy-ins down, and managed to turn all this Sessions into a winning Session at the end!





oh and by the way, i told you i was coaching my friend on PLO 10/25 (PLO2500) last month, and there happened to me also a big horror session where i was down 12.000$ and i managed to win 18.000$ back for a profit of 6.000$ lol





and here are my current PLO5 winning and losing hand groups :





Ok that`s it for the beginning, i will update regularly as mentioned above

Starting Challenge-Bankroll : $25
Current Challenge-Bankroll: $125
Current Challenge-Limit: PLO5
Current Buy-Ins for this Limit: 25
Hands played in this Challenge: 3706
Current Winrate: 54,17 bb/100
Next Goal: Reaching at least 50 Buy-Ins ( 250$ ) and then play many hands for a high volume

Last edited by YouPayMyF458; 03-31-2019 at 06:45 PM.
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
03-31-2019 , 10:33 PM
lol - right after opening this thread here, i made another session.
and instantly i runned bad, lost like 9 buy ins, and sometimes i was 4 or 5 buy ins under EV.
but i know this will happen sooner or later, because its standard in PLO variance,
so no big deal for me, i know the game very good I should have stopped earlier, it was a typical session where you can feel you run so bad, you better quit now. but i wanted to keep fighting to avoid my first losing session in PLO5, but then i lost my internet connection, what really almost never happens, so i saw this as a sign to stop now. oh yeah and of course i lost the connection exactly in a 3bet pot where i floped the nuts straight and backdoor flushdraw, but maybe i would get badbated again lol



Starting Challenge-Bankroll : $25
Current Challenge-Bankroll: $80
Current Challenge-Limit: PLO5
Current Buy-Ins for this Limit: 16
Hands played in this Challenge: 4334
Current Winrate: 25,16 bb/100
Next Goal: Reaching at least 50 Buy-Ins ( 250$ ) and then play many hands for a high volume
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-01-2019 , 01:07 PM
oh and here is my BRM plan when to move up or move down to higher or lower limits, i am not sure if its the final version since i will maybe make some more changes, i will see.



i had a horror session right now, started good with winning 3 buy ins, but ignoring my own win&quit rule, i kept playing, and losing 2x 91% Favorite Hands on Flop and then losing some more hands as big favorite, then i was like 4 buy ins under EV and total minus 6 buy ins or so, but i managed to win it all back (with an very aggressive play! lot of 3bets and big pots) and make a profit of again 2.5 buy-ins. but i don`t want to put every single session here with a graph, this would be too much to read for followers, so i post the next graph when some progress is done
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04-02-2019 , 10:40 AM
Small Update:

Since i had my first losing Session, i went back to my "win 1-3 buy-ins and quit strategy" and it is working again, i am recovering very good from that first -9Buy-In downswing session, and also i don`t have sooo much time for this PLO5 Challenge at the moment so i play not many hands.



and look - i love that red line



Starting Challenge-Bankroll : $25
Current Challenge-Bankroll: $114
Current Challenge-Limit: PLO5
Current Buy-Ins for this Limit: 23
Hands played in this Challenge: 4908
Current Winrate: 36 bb/100
Next Goal: Reaching at least 50 Buy-Ins ( 250$ ) and then play many hands for a high volume
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-03-2019 , 06:53 AM
Yesterday had a nice PLO 5/5 Live Session So now i drive to Kings Resort Casino playing the Big Wrap Omaha, so i am off for some days ! see you
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04-05-2019 , 06:52 PM
Hi

I am back from Kings Casino! I have met Jnandez, Danfiu, realBillPerky, and some other Highstakes PLO Players i know from my PLO 10/25 ( PLO2500 ) Sessions
Was a lot of fun!
The Tournament i played was very unlucky for me, lot of badbeats, but can`t change it
After the Tournament, i played PLO 5/5 Cashgame live (drunk, because i was drinking at the Bar with Jnandez and others), but anyway i played good.
Final Hand was very unlucky for me, since i had AKQ7ds on 773 Flop 3way all-in. (2000€ Pot). And one guy didnt show his hand (he was short anyway), but the other guy with the lot of money like me showed KQ76. so he is totally dominated... guess the river? of course, a unbelievable 6

Okey, back in Vienna, playing a little bit the Challenge here:
Had a bad luck Session with losing like almost 6 buy-ins, next session i won back the 6 buy-ins. up and down so far. but all ok



i also try to lower my VPIP a little bit, let`s say to around 30%, because i play a little bit too much hands at the moment. And i will look that i can play a little bit more Hands for this Challenge. Oh and at the moment i get 10$ Rakeback (which is 2 Buy-ins ) on Monday (for this week, maybe more since i will play saturday&sunday also)

Cheers

Starting Challenge-Bankroll : $25
Current Challenge-Bankroll: $120
Current Challenge-Limit: PLO5
Current Buy-Ins for this Limit: 24
Hands played in this Challenge: 5.420
Current Winrate: 34,83 bb/100
Next Goal: Reaching at least 50 Buy-Ins ( 250$ )
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-07-2019 , 10:37 AM
[QUOTE=YouPayMyF458;54975171]oh and here is my BRM plan when to move up or move down to higher or lower limits, i am not sure if its the final version since i will maybe make some more changes, i will see.



can you explain the moving down part ?

f ex. you played PLO2 till you reached 510$
went up uo PLO5 an start losing
then go down till which Point/ BR? to drop back to PLO2 ???is it just 250$ or less? I´m confused ??
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-07-2019 , 10:49 AM
You´re thread looks very interesting.
I like that you named an amount as a goal. (I did not announce a financial goal as it is my Intention to become a +EV player first before setting monetary goals).

I did play poker for a long time, roughly 15 years, now but never really seriously, more for "fun" and very splashy…..
Anyways, i think as i grown older, I am now a bit wiser and I am sick of always putting money in, I changed my attitude towards the game. (BRM has been a big issue, aswell as tilt and lack of discipline)
I do more study, review, and revise. I am looking for somebody to join a study Group (so far just one other Player) or exchange knowlegde (although my knowlegde is probably pretty limited...) or even a coach.

Looking forward to hearing from you.
Cheers and happy grinding
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-07-2019 , 11:50 AM
Quote:
Originally Posted by Imafr8Im2good
You´re thread looks very interesting.
I like that you named an amount as a goal. (I did not announce a financial goal as it is my Intention to become a +EV player first before setting monetary goals).

I did play poker for a long time, roughly 15 years, now but never really seriously, more for "fun" and very splashy…..
Anyways, i think as i grown older, I am now a bit wiser and I am sick of always putting money in, I changed my attitude towards the game. (BRM has been a big issue, aswell as tilt and lack of discipline)
I do more study, review, and revise. I am looking for somebody to join a study Group (so far just one other Player) or exchange knowlegde (although my knowlegde is probably pretty limited...) or even a coach.

Looking forward to hearing from you.
Cheers and happy grinding
Hi
Explaining the moving down part:
look at the section: "Move down if BR is"
and when i reach that Bankroll, for example 150$ in this case, i move down to PLO2. (but i dont like sit on PLO2 so i stay PLO5), but for example when i have 1250$ for this challenge i play PLO25 (50 Buy-Ins) and when i am losing and my Bankroll would be 750$ i move down to PLO10. you can see it in my list very easy.

Its good for you that after 15years you want to become a +EV player and study and learn. i think the best for you at the moment is (if you talk about PLO???) to sign up for Jnandez Mastermind coaching course, which is like 99$/month, or Run it Once Coaching which is 25$/month and study and learn. the big advantage here is, that you haave a big community and people to exchange there, and to build your own study group.

i wish you all the best keep improving your game, learn learn learn!
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-07-2019 , 02:45 PM
Thx Mario! I understand it better know (it just seemed weird to me that you can climb up from PLO2 to PLO5 at 500$ but drop down to 150$ before returning to PLO2, that´s where i got confused)


thx for the advice with ROI and Jnandez i was wondering if they are worth their money any thoguhts about upswing poker the PLO LAB (or is it in the end JN anyways?
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-07-2019 , 05:36 PM
Jnandez was making the Upswing Poker Omaha University. Since Upswing are scammers (they scammed Jnandez), Jnandez made his own coaching site. Upswing is nothing without Jnandez in PLO! imo Jnandez is best PLO Coach! i met him this week in Kings Casino, such a nice guy! He is big as a giant lol



btw: Challenge running good (love that red line !! )



oh and today i played the SCOOP Main Event on PokerStars Spain (250€ Buy-In, 1.000.000€ Gtd) , got busted with a big suckout... like always:



i hope i will run better next week at sunday million with 10.000.000$ Gtd !!!!!!!!!!!!!

Last edited by YouPayMyF458; 04-07-2019 at 06:00 PM.
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-07-2019 , 07:19 PM
oh by the way, here is my SCOOP Bracelet Watch from winning the 2011 SCOOP PLO-Heads Up on JokerStars



and here my PLO Challenge Session update



Starting Challenge-Bankroll : $25
Current Challenge-Bankroll: $155 (excluded rakeback)
Current Challenge-Limit: PLO5
Current Buy-Ins for this Limit: 31
Hands played in this Challenge: 5.659
Current Winrate: 45,96 bb/100
Next Goal: Reaching at least 50 Buy-Ins ( 250$ )
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-08-2019 , 07:18 AM
Quote:
Originally Posted by YouPayMyF458
Jnandez was making the Upswing Poker Omaha University. Since Upswing are scammers (they scammed Jnandez), Jnandez made his own coaching site. Upswing is nothing without Jnandez in PLO! imo Jnandez is best PLO Coach! i met him this week in Kings Casino, such a nice guy! He is big as a giant lol



btw: Challenge running good (love that red line !! )



oh and today i played the SCOOP Main Event on PokerStars Spain (250€ Buy-In, 1.000.000€ Gtd) , got busted with a big suckout... like always:



i hope i will run better next week at sunday million with 10.000.000$ Gtd !!!!!!!!!!!!!

did you at least cash some$$$
???
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-08-2019 , 07:19 AM
stast fro your challenge looking good
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-08-2019 , 08:00 AM
Quote:
Originally Posted by Imafr8Im2good
did you at least cash some$$$
???
no i didn`t cashed this time, not even a bounty (get sucked out all hands i played) last 250€ main event on stars.es i cashed like 340€ in bountys but also not ITM because of badbeats and suckouts. i hope i run better at this weeks sunday million with a crazy 10.000.000$ Gtd!

Quote:
Originally Posted by Imafr8Im2good
stast fro your challenge looking good
Yes the challenge is running good, and i will try to put some more volume in for you guys.
Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-08-2019 , 08:16 PM
interesting stats! i should fold more from SB and bring my VPIP to ~30%

Pot Limit Omaha Challenge - Experiment: turning  to .000 Quote
04-14-2019 , 10:39 PM
Sorry guys, atm i am very busy, no time for playing PLO5 lol

but end of this week i will continue for sure and find some time.

btw: today in the 13th anniversary Sunday Million with 12.000.000$ Pricepool i had a good run, but than all changed within 2 minutes, AVG 700.000 i have 1.500.000 (2x AVG+, top stack!) and then i loose 3 hands in a row!!!

JJ<AJ
AK<99
very shortstacked all in with 1pair + open end straight draw (3way, because 2 callers) and nothing comes... i am busted 1.741/61.342 ad only won 1.000$ ...

could be a lot more if i wouldn`t be so unlucky 3 hands in a row *** Jokerstars i hate it
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