My goal with this post is to pump up the Tournament discussions on CLP.
Posting hands in the NLHE forum and the tournament threads has been beneficial to my play. Cash game play is certainly a big part of CLP but Tournament play is also frequently discussed and an important element of CLP. When I visit the forums I start out in the Tournament forum but will oftentimes quickly move to NLHE Strat since there is more going on there. I have a goal of proving that a player can play tournaments for profit. We all know about variance and the millions of hours one must play to wring out Variance - whatever.. I just do not have that much time to play.
About my status as a player. I do not rely on income from poker which is likely a huge benefit to my poker game. However, the money I earn playing poker is important to me and I definitely enjoy certain finer things in life I can afford from my poker winnings. Am I a professional player or recreational player?? Hmmmm, maybe trending toward professional. My businesses are important to me and I would not abandon them for poker. But, if by hiring another employee I could free up some additional time to devote to poker then yes that seems to make sense. Last year I played 420 total hours with 150 of cash game hours and 270 of tourneys. In 2018 my goal is to play 650 hours total with 500 tourney hours and 150 cash.
Playing cash games definitely improves my tournament play and its fun. Some days I am itching to play and will get knocked out of a tourney and then play cash. I am learning PLO and think its a fun game. I also think playing PLO will help my tournament game. Like learning French helps a person to have a deeper understanding of English.
I am a cash game player turned tournament player so I use a different matrix to evaluate perfromance than a typical tournament player. I understand ROI but don’t use it. I evaluate my play based on earnings per hour. I understand that winnings and losses from a $10K buy-in tournament should factor differently than a $200 buy-in tourney. Whatever, I just don’t care. I play a tight range of buy-in amounts of $200 - $3,500 with the Main Event being the only outlier at $10,000.
I have been told that the House’s take from tournaments far exceeds the comparable rake from a cash game. I don’t know and would like to find out more about that topic. One thing I am quite certain of and have found no opinion to the contrary - is that cash game players are on average more skillful that tourney players. In my estimation the average tourney player in the tournaments I play, their skill level on a scale of 1 - 10 is about a 3. In cash games that number goes up to about an 8.
I do not agree that playing in a tournament is like buying a lottery ticket. Ego is such a big factor in poker and I truly believe that some cash game pros have a difficult time dealing with a common tourney scenario where the novice fish tournament player sits on the big stack and takes on the role of table captain to the chagrin of the accomplished cash game pro. Check your ego at the door and grind that short stack.
I had an awesome 2017 with an hourly rate of $1,304. In 2018 I am at $186/hr. down from a high of $336/hr. I use excel to track my results which I would recommend. Attached are my tournament results. I really want to exceed my 2017 hourly rate which I know is gonna be tough but not impossible.
Come join me