Sunday, March 21, 2010

A step in the right direction

I managed to push my bankroll up over thirty dollars last week. I now have the 300 big bet bankroll needed to move up from 2c/4c to 5c/10c limit hold'em. Its still the micros but every bit of progress helps. It feels great to have accomplished a goal. Now I am focusing on getting to 60 dollars so that I can move up again.

I played my first session at the nickle/dime level this afternoon and I was surprised at how much tighter the players were. I rarely had more than two callers and a lot of pots ended up heads up. Raises got more respect. I was able to steal a lot of blinds. Mind you, my opponents weren't particularly deceptive or anything but they did seem to have the sense to fold a lot preflop and to acknowledge that their opponent might actually be holding good cards. On the one hand its nice to play something resembling serious poker but on the other hand its not nearly as profitable as when four idiots call you down to the river with random junk.Anyways, I booked a solid winner today, nothing spectacular but it beats the alternative.

The latest cool site that I want to tell people about is www.tableratings.com. You can track any online poker player on pokerstars or fulltilt.com if you know their screen name. Its a great way to keep track of your results as well as following the big name pros.

Until next time,

Good luck on the felts

Sunday, March 7, 2010

My Poker Role Model

The last 3 weeks have been busy outside of poker so the blog had to suffer. Okay, to be honest, the poker suffered too. I had too many nights where I either couldn't play or I could only play a short session. This weekend though I got in two fairly long sessions (about a 1200 hands total) and I have the bankroll back in black.

Last post I promised to write about my inspiration for playing poker with ambition. Dusty Schmidt is an onliine poker legend. He is a former high level (nearly PGA) golfer as well as a business man who took up online poker early in the last decade and has made around 3 million dollars in online cash games. He has recently written a book called "Treat your Poker Like a Business" and will soon publish an autobiography. I haven't gotten his book yet but I have read numerous interviews the man has given and his approach to poker seems simple but brilliant.

First, he isn't playing for ego. He has no interest in getting on tv or trying to stare down the likes of Phil Ivey. He searches for situations where he feels he has an edge and tries to exploit them. Also, he credits a lot of his approach to simple hard work and volume. He is reknown for his long sessions and multi-tableing. He tries in every way to run his poker like he used to run his family's business. He uses discipline, hard work and a focus on the bottom line. It sounds like common sense but before you dismiss his ideas with "everyone knows that stuff" ask yourself, are you getting what you want out of poker? If not you might reconsider your approach. Also, its one thing to "know" an idea, Its another thing altogether to have the focus to apply the idea all of the time. I really think that Dusty is a perfect example of the idea of "deliberate practice" that has gotten a lot of exposure thanks to writers like Malcolm Gladwell in his book "Outliers". The basic idea is that talent isn't something that you are born with, it is a skill that you develop through years of very focused hard work on your craft. The main component of "talent" is in most cases the opportunity to pursue your passion and most importantly your willingness to do the necessary work.

I'll leave you with two links. There is a wonderful thread where Dusty takes all questions at "cardschat.com" .

Also here is Dusty's site where you can read excerpts of his book. "dustyschmidt.net".

Until next time,

Good Variance to you.