Lucky Straights

The ramblings and mumblings of a wannabe poker pro

Equity Not EV

I have recently received a copy of Collin Moshman’s Sit ‘n Go Strategy and before finishing the first chapter, I have already improved my Sit ‘n Go play in an area where I have been struggling up until now.

This is in the realization that in the Sit ‘n Go’s, EV (cEV) or chip Expected Value, does not equal equity, your $ value for each play or decision. The clearest example I can give of this is early in a Sit ‘n Go, where I hold AK and I’m tempted to get all of my money in against a one or two opponents.

From a cEV point of view, I’m always happy to get all of my money in pre-flop with AK, unless I’m reasonably confident my opponent is holding the aces or kings. However, realizing that in such a situation my equity actually goes down, because I am likely in a race for all of my chips, with no real increase in equity even if I win, so early in the tournament, I have begun to question my approach to these situations.

Its not only the new text that has brought this into focus however, its a change of venue. I have begun to watch a friend play the $2 Sit ‘n Go’s on Full Tilt Poker, and the general standard of his competition, seems far ahead of what I am used to facing in the $1 Sit ‘n Go’s on Poker Stars. Not to the extent of making them any harder, but certainly to the extent that his opponents are more predictable. For instance in the AK example above, in my regular Sit ‘n Go’s, often I will be re-raised by AQ, or even AJ and on occassions I have been raised all-in by opponents holding pocket 3’s, in the $2 Full Tilt games however, a re-raise is ussually QQ – AA.

I’m still avoding regular sessions at the moment, because of problems with my eyes, only playing the occassional heads-up match to maintain my bonus, but as soon as I am able, I plan to work on building a bankroll from these $2 Sit ‘n Go’s on Full Tilt, and to use them, aided by the Moshman text to improve my tournament and Sit ‘n Go play.

February 5, 2008 Posted by | Sit-N-Go's 2 | , , , , , , , | Leave a comment

Poker, Mental Strength and Carrying on Through Adversity

The bad run continues, failed to cash in all 5 of tonights games. Even had the misfortune of having my pocket aces cracked twice, nothing I could have done second time round, just one of those things, but after 2 long sessions of constant losses, my net profit for the Sit-N-Go’s as dwindled to nothing.

I need a break, but with my bonus hanging over my head I don’t really have that luxury. Sure I’ve got plenty of days left, but I’m still needing to sit in 3 Sit-N-Go’s per day just to make it by the deadline, and Ideally I’m looking to get there far sooner.

On a few occasions my play does seem to have been affected though, and after almost 3 days of coming up short, I’m finding hard to brush it off and keep playing without the building losses affecting me, both on the table and off.

With that in mind, I’m taking some positive steps, within minutes I’m ordering Collin Moshman’s Sit ‘n Go Strategy and will reduce my time at the tables other the next couple of days, trying to pick up a more modest 3 or 4 frequent player points instead of the 10 I have been aiming for these past 3 days. I will also get back to reading my copy of Harrington on Hold ’em Volume 1.

As strange as it sounds, I’m also going to look more into Zen, meditation, techniques to improve your my power, inner strength and such, as reading Zen and the Art of Poker as opened my eyes to other disciplines that might be of benefit to my game. An example would be using teachings from other disciplines, such as Zen to help me improve my ability to steel pots late in tournaments without the cards. This is one of the weakest areas of my game, which I feel is more a process of mental strength as opposed to strategical thinking.

January 24, 2008 Posted by | Sit-N-Go's 2 | , , , , , , , , , | 8 Comments