Posts Tagged ‘poker’
One day I played against a Hobbit, a president, and Walter Cronkite. No, they weren't really sitting at my table, just people that made me think of these folks. One player was the spitting image of Richard Nixon and sitting next to him was a funny-looking guy who brought to mind Bilbo Baggins from The Hobbit. Joining us at the table was a fellow who looked like Cronkite. I can't always get the names of the people I play against so I often use some sort of association to help me remember them. I keep notes on different players I have met at the tables and I can identify them with the names from this association.
I put these notes in my logbook so I can remember how they play or any tells I may have discovered that they have. I make a note if a certain player is a maniac, tight or a calling station? You can write down any information about them you think will come in handy when you play them again. Spending a few minutes making notes about players can reap big rewards the next time you face them.
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You want to record the length of time that you play. This is one of the equations used in figuring your hourly win rate. It will also be important in evaluating your level of stamina and concentration. You may find that you get better results with shorter sessions than you do in marathon games.
Money Won or Lost
Record the money you won or lost for each session. This is easy to do. You know how much money you bought in for and you write down the difference at the end of the session.
Hourly Win/Loss
Figuring out you hourly win or loss rate is just a matter of simple math. You divide the amount of money you made or lost in a session the number of hours that you played. If you played and won $28 after four hours of play your hourly win rate is $7 per hour (28 divided by 4 = 7).
Total Win/Loss
You should figure your hourly rate for each session. If you play more than one session during your visit to the casino or cardroom, then record each one as a separate entry. You can now add all your sessions together to get your total for the week, month, or year.
Fluctuation and Standard Deviation
It is only normal that you will have winning and losing sessions. This is a normal fluctuation that is measured by the standard deviation. The average wins for a good player is about one big bet per hour. In a $3/$6 game you can figure about $6 per hour as the estimated value or EV that you expect to earn. Some session you make more than $6 and some you make less. The difference between the actual amount won or lost and the $6 is the standard deviation. If you have large wins and then large losses your deviation will be high. You will need a big bankroll to handle the big swings. Your goal should be to cut down on the gap and bring your variance down to a small amount.
Additional Notes
Your log is your poker diary. You should write down any other information or events that occurred during the session. I printed my log on only the front side of the sheet that I keep in a notebook. On the back side I record any information that may help me in the future.
My Play
After each session I try to critique my own play as objectively as I can. If I made a loose call or stupid bet I would note my mistake in my log so I won't repeat it. I also make a note if I was too passive or too aggressive. Anything that can affect my future game will go into the log. Whether it's a great play I want to repeat in the future, or a situation where something caused me not to play my best game, it is written down.
I found that when I write something down it has a much greater impact on me. Write down how you felt after the match. Did you play your best game? What contributed to the results you had during the session? Was the game loose or tight?
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Tags: hourly rate, poker, standard deviation