Saturday, April 30, 2011

April Update

Another losing month, but not pokerwise.

April
Cash Games
Live $5,409.50
Online $994.20

Tournaments
Online $0.00
Live ($157.50)

Poker $6,246.20

Staking ($2,920.00)

Other Gambling ($5,070.00)

Month's Expenses $0.00

Net on month ($1,443.80)



It's pretty absurd how all I do is win money and then give it away in other ways.

Staking has generally been pretty bad for me up to this point, but I guess I'm a glutton for punishment. I feel confidant the player I am staking is a winner and is trustworthy. He is running bad, and has made great efforts to improve. I think I'll continue to stake him.

As for the other gambling, it was all in prop bets. Some of them were even money, and some I was a favorite in it. I was never an underdog. The biggest prop I had was where he went all in blind for $1,000 and I look at my first card. If it's a 6 or lower, I fold, otherwise I call. Obviously if he's playing the all the hands he's dealt and I'm folding my worst hands, I'm turning a profit.

I ran it in poker stove, and I'm 51.7%. That doesn't seem like a big favorite, but that means I have a 3.4% edge. That isn't a lot, but casinos operate on a smaller edge than that. I would do it again, if I had the chance, I just hope I don't lose another 5k doing it.

I'll see you across the felt.
Bryce

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