November Results- “The EV of Time”

By: pgt4jc
Published: Dec 3rd, 2017
This past Tuesday night I was doing my typical late-night grind, multi-tabling various MTT’s. Then the phone rang with the call you dread getting. “You need to come right away your father-in-law is not going to make it through the night”. It’s in those moments that you realize tough decisions on the river are pretty minuscule in the grand scheme of things. So we quickly packed a bag and raced down the highway for an hour in hopes of being able to spend a bit more time with Lisa’s dad. Thankfully we did and were able to be there for the last 4 or so hours he was alive here on this planet.

Someone once said, “You can always get back money but once you’ve spent time it’s gone forever”. Thankfully, I’ve learned pretty good time balance through the years, but I hear of so many poker players who just endless grind hour after hour, day after day, month after month, year after year. To you I’d like to encourage you to remember that grinding like that is -EV. Oh sure financially it may be +EV for you but what about Life EV, Relational EV, etc. When you get to the end of your days here on this planet not one of you is going to say, “I wish I had played more MTT’s”. No, your regrets will be over not spending enough time with your loved ones, or going out and experiencing all that life has to offer. Don’t get me wrong, I love playing poker and will continue to do so but I just want to make sure that all of us when we get that dreaded phone call don’t have regrets because we spent too much time alone playing on the computer.

As for my father-in-law he was one of the most Godly men I have ever known. In just a few hours from now I’ll be preaching a part of his funeral and I already know that there will not be enough time or words to express how great of a person and role-model he was for myself and so many others. My hope and prayer is that all of us would have deep, personal relationships like dad and I experienced.

As for poker, November turned out to be quite the interesting month. The first 2 weeks started out horribly. At one point I looked at my report and of the 18 times I had AA pre-flop and we got the chips all-in pre I had only won 5 of those hands. It truly looked like it was going to be a disastrous, losing month. But then it all turned around…suddenly variance was on my side. Not only did I end up re-gaining the money I had lost but was able to show a nice profit as well. In addition to my 5 wins for the month, the highlight had to be the 3rd Sunday of the month. Of Merge’s 6 Major tourney’s of the day, I final tabled 2 of them, had an 11th in another, cashed 2 more and the only one I didn’t cash in I fell short of the money by 2 spots when QQ<44.

Here is how it all broke down…

133…Tournaments Played
63…. Cashes (47.3%)
20…. Final Tables
11....…Top 3 Finishes
5……Wins

$7891.93 in total cashes (36.99% ROI)


Now onto my Merge up-date. For those not familiar with my blog, Merge stopped allowing Pocket Fives to track scores on September 5th 2016, so what I’m doing here is tracking where I would have been had they not stopped tracking. I do play some on other networks but Merge gets out 95% of my volume so I thought it would be fun and motivating to keep things going as if though it never stopped. I use Poker Dominator to track all tourney’s so these are the most accurate and up-to-date numbers as of the last day of the month.

Merge Lifetime Total: $465208.73
Career Lifetime Total: $529698.92
Career number of Cashes: 4179

Follow my monthly results in real-time by following me on Twitter: @YourPokerPastor

Thanks for reading...please post a comment with your thoughts or anything you'd like me to address in future blogs.

    Comments

    1. Very sorry for you loss. Thanks for the update...good stuff in spite of life's downs.
       
    2. I read your updates every month, and it seems as though you are cashing in nearly 50% of your tournaments overall. I don't play on Merge, so I am not sure of the structure. Do they have a high payout ratio? If you go through top players on sharkscope, or officialpokerrankings from back in the day, having a 20-25% cash ITM percentage was super high, especially for someone who was putting in a decent amount of volume.

      So is there something within Merge structure that allows for higher ITM or what am I missing? Just seems like an astronomical cash %, especially for your final table ratio. It isn't like you are just min cashing all the time.
    3. Good read. I agree. Taking those bad beats doesn't seem as bad as our last breath on earth... Sorry for your loss.... - Vegaskid13
    4.  
      Originally Posted by dixiecrat88

      I read your updates every month, and it seems as though you are cashing in nearly 50% of your tournaments overall. I don't play on Merge, so I am not sure of the structure. Do they have a high payout ratio? If you go through top players on sharkscope, or officialpokerrankings from back in the day, having a 20-25% cash ITM percentage was super high, especially for someone who was putting in a decent amount of volume.

      So is there something within Merge structure that allows for higher ITM or what am I missing? Just seems like an astronomical cash %, especially for your final table ratio. It isn't like you are just min cashing all the time.

      Merge has a flatter payout structure where a min cash can payout at least 2x the buy-in and sometimes approaching 3x the buy-in. So this means more bullets can be fired. While these multiple bullets are reflected in the monthly ROI, it doesn't get reflected in the ITM%. With the software I use (pokerdominator) I have no way of separating out the number of bullets fired but I'd say on average it's probably pretty close to 2 per tourney so that would then get the true ITM% somewhere in the 20-30% range, which is about what your numbers suggested. Hope that helps.
       
     
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