Monday, October 13, 2008

YTD Results: High-Low Stud 8

When I get home from work each day, one of the first things I do is go to the computer and record my results in as much detail as possible. This can include specific start and end times for each game I played, as well as notes and of course win or loss amounts. I try to keep track in my head each time I move from one game to another, but sometimes I move so many times that I can't remember, and instead of particular games, my record for that day will just be under "various" (I've done this 8 times for a total of 58 hours). I do have accurate records of my total win or loss each day, which is important for tax reasons; this is easier to keep track of because I can just subtract how much I started with from how much I have at the end of the day.

Fifty-eight hours of play in "various" games notwithstanding (and also a few hours in mixed games), here are my results this year in Stud High-Low Eight or Better:

month profit hours rate
Jan:  472 15 31.47
Feb:  -48 35 -1.37
Mar: 2145 25 85.80
Apr:  172 23 7.40
May: 3793 34 112.39
June: 2041 24 85.94
July: -1392 23 -61.87
Aug: -562 9 -66.12
Sept: -566 13 -44.39
Oct: 1966 19 102.13

2008: 8021 219 36.67

If these results look erratic, I think it's only because that's the nature of poker and the fact that I didn't play very many hours of stud8 in some of these months. I think this chart may give you a better idea of how difficult it is for a lot of poker players to stay emotionally detached from their winnings and losses. Three straight losing months can instill a lot of doubt. Overall, I've made over $35 an hour, but I've had four losing months out of nine and a half. My hourly standard deviation is $300, about 8 times my win rate.

I think this is the first time I've listed any summary statistics here in my blog. I haven't felt comfortable giving detailed information about my income, but I think this cross-section is a good compromise between my own privacy and giving my readers an idea of what results can look like. Personally, I'm very happy with my result in this game this year- I had almost never played stud High-Low before.

1 comment:

Max said...

That's in the neighborhood of what I get paid an hour and you didn't have to go to grad school. Well done.