Friday, November 6, 2009

Overall Update On Poker Grinding

In the first 5 days of November I have accrued over 700 VPP's on PokerStars. That is over half way to Silver VPP. If this continues I should make Gold VIP in November.

I am saving up my Poker Stars FPP's too. Currently I have around 3500. I selfishly want to trade about 700 FPP's in for a pokerstars hat or perhaps $1200 for a PokerStars Polo shirt.

I just feel the need to get some Poker Stars gear. lol.

So far I have resisted the urge to spend my points on a hat or polo shirt.

Right now I am into building up my Poker Stars stuff.

I have 1 Step 4 Ticket that can be used for a Sunday Million ticket or any other $215 tournament entry.

I could use my FPP's to grind the Step Tournaments. I figure every 4 Step 1 tournaments should equal 1 step 4 ticket - on average. Step 1 tickets cost 500FPP's - so right now I could play 7 Step 1 tournaments. So that is, in theory, almost enough for 2 more step 4 tickets.

On the other hand I am still developing my cash table grind. I am so close to consistently making money grinding the cash tables that I can smell it.

But it keeps eluding me.

Actually, minus a couple very bad runs in $100NL - where I was playing above my bankroll - I am making money grinding cash tables. But I am not making as much as I want to make.

I am looking to make 3BB/100 hands. That is 3 Big Bets per 100 hands.

Ignoring my $100NL stats - I am very close.

$25NL is at 2.03BB/100 hands after 7,185 Hands.

$50NL is at 2.67BB/100 hands after 6,166 Hands.

My goal is 3BB/100 - and I am still fine tuning my strategy.

I am only playing about 8% of all preflop hands. My VP$IP/PFR/AF is 8.85/6.48/2.22. Those are very good winning stats. This is for 13,868 hands.

For just $25NL and $50NL I am averaging 458 hands per hour and 2.35BB/100 hands. So for $50NL that breaks down to $10.73 per hour.

I am guessing I must be averaging about 70 hands per hour per table - since I am playing Fast tables (Full Ring). That means I am averaging 6-Tabling.

Many of my estimates of how much I can make per hour grinding cash tables was based on 3BB per hour - not per 100 hands. That does make a big difference.

Now I believe I can comfortably grind 9 tables at a time. So I can get my $/Hour to a decent rate.

If I am playing fast tables and can do 70 hands per hour per table - that is 70% of 100 hands per hour. So I would earn 70% of 3BB - which is 2.1BB/Hour.

So...
6 tabling $50NL = $12.60 per hour
9 Tabling $50NL = $18.90 per hour

6 tabling $100NL = $25.20 per hour
9 Tabling $100NL = $37.80 per hour

Those are not bad numbers.

6 Tabling $100NL is $25 an hour. I can live with that.

If I can continue making 3BB/100 at $200NL while 6 tabling - that would be a cool $50 an hour.


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