Glenn's Poker Journal

Husband to FeliciaLee.. here are some of my poker adventures in 'bilking the internet poker machine, six dollars at a time' (--quoted from Sean, Anisotropy).

Name:
Location: United States

NOT a poker blogger!

Tuesday, April 18, 2006

Mastering the Micros

(BTW: I brought this over to my blog because of a comment on got about Party reload bonus stuff. Any additional comments are welcome; I'm always up for tips and hints on bonuses : )

Felicia asked me to guest post again. Kind of funny,
since I have my own blog.

I just never post anymore.
Just haven't been into it too much lately. I feel like
I'd be just talking mostly about hands; have the
desire to post Hand Histories (which she hates, lol...
can you tell I'm my wife's husband--or is that
redundant??--since I have the "lol" fever).

However, I just got through with doing the max reload
bonus on Eurobet on micro-limits. Originally, I
thought that I'd be playing primarily Draw Poker. I
have 700 hours on that game at the $1/$2 level and,
prior to the last 100 or so hours, had earned an
average of about 3BB/hr, or $6/hr. I had been
3-tabling and was looking to go through the bonus
quickly and earn a bunch at the same time.

Talk about best laid plans... Last 100 hours I'm
under 2BB's/hr.. on the last 50, just over 1BB/hr.
There was a month that I didn't have one winning
session. Month! I have never had a full month that I
didn't win at Draw before.

This really got me. I was used to NO variance.
"Security" at Draw was a big point for me. One of the
reasons that I quit dealing poker. I figured, jeez, I have
60,000 hands on this game and am beating it at $6/hr
per table and can 3-table it.. so that's $18/hr! I'll
be making almost as much as I do at work without having
to drive a half an hour each way; which of course will
save on gas and it will be like making more. I didn't
have to 'worry' about what I was missing from health
insurance, since they never gave me enough hours to
get health insurance in the first place. My own hours,
blah, blah, blah.

So I took the plunge and what happened? The big
Variance hit (note the capital "v" -grin-). Boy did
that make me nervous!

Live play was the same thing. I had almost 100 hours
playing NLHE at $2/$5 blind level, making close to
$20/hr. Suddenly I was losing, losing, losing. Lost
playing mixed games. Lost at Omaha 8-or-better from
$10/$20 down to the low $2-$6 spread limit game they
spread here in Laughlin.

What the heck was I going to do?

I started playing all different games online. I
wasn't comfortable playing $1/$2 or higher on any of
the games since I don't have the hours in on them like
I did with Draw; plus with my current down-swing, I
wasn't comfortable trying higher. So I started playing
the different games at the micro limits: $0.25/$0.5
and $0.5/$1 levels.

I tried Stud and Stud 8-or-better; talk about
variance. There'd be times that I hit-and-run for $8-15
on the $0.5/$1 tables; and times that I'd lose
that same amount. I have a $0.42/hr win rate for the
40hrs that I've played Stud 8-or-better at $0.5/$1
levels. LOL
Stud I'm a loser (only played 6 hours though); Razz,
I'm pretty much break even too ($0.2/hr).

Omaha 8-or-better? $0.76/hr at $0.5/$1 levels; but
twice that at $0.25/$0.5!

Hold'em? $0.47/hr at $0.5/$1 levels; but again, more,
even 3 times that at $0.25/$0.5. At two different
sites, I currently have a 3BB/hr (per table) win rate
for $1.5/hr per table.

So what did I do? You guessed it! I have, and
currently am, multitabling $0.25/$0.5 Hold'em (O8
tables are slower and take more brain power). On one
of the sites I can get up to (and actually handle) 9
tables at a time. Though normally I sanely run 6
tables at a time. Therefore, I can make about $10/hr.

Now I just have to stop hitting and running... after
playing 6 tables for an hour, I get a little mentally
exhusted.

I just thought that was indicative of Draw before when
I was doing that. I figured that it was just so taxing
playing 3 5-handed tables. After an hour of that, I'll
have played a fast 300 hands at short-handed tables.
Geez, now, after about an hour, I can get in 400-500
HE hands!

I did have to force myself to play several times a day
to work off the one bonus though. I needed 6000
points, and ended up having to get over 100 points a
day. Just think of all the hours that I had to put in
in order to generate enough rake to build up 100
points a day at $0.25/$0.5! (This is why, to me, the
current Party reload bonuses are a such big joke;
there's no way I want to have to do a timed bonus
again--and they want you to work off the bonus in just
a week! No offense, but blow me!)

Therefore, once again, I'm taking my tag-line of
"bilking the internet poker machine, six dollars at a
time" to heart once again!

Don't worry, though! This hero is building his
confidence back up ;) I'm just currently sticking to
ye' olde Limit Holdumb for the time being. I even
currently have a good 2BB/hr average going at $4/$8 HE
for my last 40 odd hours of live play. (OMG, it was
SUCH a good feeling racking up 5 racks of chips at the
Orleans one night!!)

So there's life yet in this playa!

Hope everyone had a good holiday weekend and are doing
well.

God Bless :)
Glenn

Posted by Glenn

9 Comments:

Blogger Felicia :) said...

Kentrell Johnson said...
------------------------
Glenn,

I saw your most recent guest post over on Felicia's site and wanted to respond to one point you made there. Since I'm not on Felicia's list of approved commenters, I figured I'd try posting a response here.

You mentioned that you had issues with trying to clear the Party reload bonuses in the timelines they give (usually only 1 week). However, I think that Party's bonuses are the easiest and fastest to clear of any site PROVIDED you go about it the right way.

The lowest-level NL tables (.10/.25 blinds) at Party are raked any time the pot reaches at least $1, which happens about 60-75% of the time depending on the particular table you are playing. This makes for an excellent way to clear reload bonuses VERY quickly.

I've found that I get about 40-50 raked hands per hour per table at that level, which means that when four tabling I'm playing about 160-200 raked hands per hour. Since you only need 1000 raked hands to clear the full $100 bonus, the task can be completed in approximately 5 to 7 hours (more if you play more tables - the idea of playing 9 is just too much for me), which amounts to earning about $15 to $20 per hour in bonus alone.
-------------------------

Kentrell,

I thank you for your suggestions for clearing the bonuses. I do have a decent track record for those $25 max NLHE tables, so I'll definitely give that a try

Thanks again :)
Glenn

11:48 AM  
Blogger Felicia :) said...

Well, thanks again for the information, Kentrell.. I just played some of the $25max, and after a half hour of play on 3 tables, I have about 75 raked hands :)

I misunderstood the terminology. I saw something like "played raked hands", and I thought it was like Doyle's "action points" thing where you actually have to be in the hands.

5:06 PM  
Blogger Kentrell Johnson said...

Glenn,

Glad to hear that my advice could be useful. I'm always willing to help people exploit Party for whatever money we can take from them and their reload bonus is oen of the best ways to do it. I've been basically using it as a $100 bonus every month and in March I was able to achieve all three of their bonuses (though it got tough near the end of the third one when the requirement was 20x hands and only three days to clear it).

The only bonus I like better than Party's is the one at Stars. Though it takes a lot longer to clear, it never expires. Even better, at least from my perspective, is that you can clear the bonus playing SNGs. In fact, the bonus is actually enough to completely cover the rake of the SNGs (you get 5 FPP per $1 in rake and only need to earn 5 FPP per dollar of bonus - nets out). In fact, if you play the $5.50 SNGs, the bonus actually pays you back more than the $.50 rake (you get 3 points, which is equal to .60 for a .10 overlay). Unfortunately, Stars doesn't seem to offer the bonuses as often as Party.

Good luck clearing the rest of the Party bonus and keep us updated.

10:08 AM  
Blogger Kentrell Johnson said...

I don't know if you've already seen this Glenn, but Party has ANOTHER reload bonus running for 40% up to $100.

No better way to protect a bankroll during a downswing than by padding it with free money.

9:50 AM  
Blogger Felicia :) said...

kewl :)

Thank you for the info, sir!

1:08 PM  
Blogger Felicia :) said...

ok.. where??

logged in and according to my account details, I don't have any "new bonus offers" :(

1:57 PM  
Blogger Kentrell Johnson said...

They didn't send out info and you won't see the offer. I got word of the code from another website, tried it and it worked. Already worked it off and withdrew the funds (plus bonus).

8:40 PM  
Blogger Kentrell Johnson said...

Glenn,

Turns out that not only is there one reload bonus available at Party at the moment, there are two. However, they aren't being advertised by party for some reason so you won't get an email and it won't show on your account.

The first (TopBucks40) is 40% up to $100 which would require a $250 deposit to get the full benefit and requires 1000 hands to clear.

The second (TopBucks50) is 50% up to $100 which would require a $200 deposit to get full benefit and also requires 1000 hands to clear.

The most impressive part of this whole thing is that you can actually get both bonuses if you make two separate deposits using the two respective codes. I've made both deposits, cleared them and withdrawn the funds already.

If you don't believe me about the bonus, take a look at the forums at the website bonus whores dot com (which is where I heard about it) and you'll see the bonuses (boni?) being discussed. I don't gain anything if you use the codes and I'm not affiliated with any of those websites. I just thought I'd let you know since I enjoy reading both you and your wife's blogs.

Good luck.

6:19 AM  
Blogger Felicia :) said...

Don't understand why they're not advertising it; they're strange, what can I say? -grin-

Either way, thank you very much for the info Kentrel :)

-Glenn

6:43 AM  

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