End of year review
December 13, 2007
As I am winding down operations and hardly playing between now and the New Year, I thought it would be a good time to look back on 2007.
This year has definitely been a lot tougher than 2006. When I gave up my job in March 2005 with a small bankroll, I just couldn’t stop winning for most of 2005 and 2006.
Between January and June I definitely got close to going busto. I had losing day after losing day, and I never thought it was possible to run so bad, for so long. Of course alot of it was my fault. Playing games that were too big when out of form. Poor game selection, and lots and lots of tilt. I think at one point in April I was about $400,000 down for the year… yikes.
Tournament form throughout the entire year hasn’t exactly been good either. I’ve gone deep in a couple of EPT events without making the final. The lowest point of the year came when I bubbled in the $5000 rebuy PLO in Vegas. My bankroll was battered and I had a massive chance to win the tournament being in the top five in chips with twenty players left. My AAxx failed to beat KKxx and that was that. Tournaments have huge variance though, and I don’t play very many, so I have to hope 2008 brings better luck on that front.
As terrible as the first six months of the year were the next six months have been amazing. I’ve been running the opposite of the first six months of the year, and when I’m confident and winning I play better.
I just calculated that I am over $1 million up in PL Omaha cash games for the year, and about half that down in NL Hold’em cash games. Most of the Omaha profit coming at $25/$50 and $50/$100 … with some wins at $100/$200 as well. If only I hadn’t played Heads Up Hold’em big stakes at the start of the year, then a very good year would have been an amazing one.
I definitely feel like I should be playing the $200/$400 PL Omaha game on Full Tilt. I just can’t face putting my entire bankroll on the line so we shall see.
Some aims for 2008
- Number one aim to practice better bankroll management and game selection. I will not allow myself to make the same mistakes that I did this year.
- Play some high stakes cash games in Bobby’s room at the Bellagio.
- Get luckier in tournaments.
- Crush the big PL Omaha games online.
- Have a winning year at NL Hold’em cash.
- Play less poker.
- Don’t lose over 50% of my bankroll in January as I have for the last two years.
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