Limit Hold Em Experiment - Week 1
Well it was a bit of a roller coaster the first four days. I want to make sure I do regular updates of my progress so it is best I go ahead and cut the first week short and from here ono out this is when I will do my update. Also I had a few people comment about how hard it is to make a profit at the smaller limits. I have to agree to some extent. The unpredictable nature of your opponents at low levels of online Limit Hold Em certainly make it harder to determine when your opponent is holding a true hand.However, this goes back to my last post. If you are "playing the person" are you really playing ABC poker. I don't think so. Again I think people our trying to "BEAT THE GAME", but at the lower levels all you have to do is "play the game". If I have AA and the flop brings an A but also makes a possible straight I am going to proceed with caution. I will bet but if I am played back at, and I am not 95% certain my hand is good I am going to check/call the rest the way keeping the pot small. It is easy enough to build a big pot at this level that the little money you may leave on the table can be made up for.
I recently started to reread HDouble's Blog. On it he had a quote from Bill Chen that kinda of opened my eyes a bit.
"When we sit down at a table, every hour we're essentially doing a coin toss for a rack of chips. Now if you're a skilled player you may have an overlay of half a stack (assuming 100 chips in a rack and 20 in a stack). So if you're a skilled $3-6 player, it's like flipping a coin and getting $120 if you win and losing $100 if you lose or if you're a 15-30 player it's $600 if you win, $500 if you lose. Now this is a pretty huge edge when compared to blackjack on a per-hand basis but we shouldn't be too surprised at all if we get on a bad streak and lose $3000. How easy is it to flip tails 6 times a row? It's bound to happen if you flip coins all the time -- now 10 or 15 in a row is a little unlucky but nothing too phenomenal."
This is when I started coming up with my ABC strategy to poker. I will try to make a full post on exactly what that ABC strategy is in the near future, but I am still working on it for now.
Sorry for the long winded post I guess I will give my first update.
I have so far played 1160 hands of .50/1.00 - 1.00/2.00 LH. My profit over the first three days of the experiment was 51BB but I slid 32 BB the last day of play after a session which saw my KK lose twice, and 3 times my over pair was beat when a small pp flopped a set, and 2 set over set situations. I pressed on and eventually started to tilt off my stacks. I went through the hand history and noticed I had actually just given away 20BB. I also notice a huge leak in my game which cost me 19BB over the three days. Seems I was playing AQs to the river even if I was unimproved. Not sure why I did that but I will watch out for that in the future. I ended up in the green for 16.1BB so I am averaging 1.6BB/100 hands so far.
Anyways here is my graph for the first week.

Labels: Limit Hold Em Week 1


