SM Staking member’s Blog – Erikas #2020

 · Skaitymo laikas: 19 min

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    May, 2020

    May 1st, 2020


    I have decided to share my results and tell you a bit about high stakes spins. At the end of March, I started playing for maximum RB in the Party Poker room. To achieve this within 12 months, I need to pay 200,000 USD in rake. It seems that I will be able to accomplish this much faster.

    Since the end of March, Party Poker has launched daily leaderboards, during which they distribute 12,500 USD every day. By securing top positions on the leaderboard, it’s possible to add an additional 15-25% rakeback to the final result. As known after the leaderboard launch, there has been a significant increase in volunteers trying to boost their rakeback 😄. Consequently, the tough field has become even more challenging, and if there was almost no action at 500s before, now it’s almost non-stop around the clock. The only problem is that more than 95% of this action is simply pure reg wars.

    It was precisely because of the introduced leaderboards that, at the beginning of the month, I made a few mistakes in trying to reach the first place, which cost me quite a bit of EV. When it became quite clear that the first place was already out of reach, with only 4 hours left until the end of the leaderboard, I tried to reach it. Unfortunately, in those 4 hours, 200 games were not enough, and the first place “slipped away,” along with the positive EV of that day.

    An interesting aspect is also that when there are 3 regulars in the field and a maniac fish joins, everyone wants to catch him. With this goal in mind, players always try to play as many tables as possible. I was no exception, so on average, I was juggling 4-6 tables all the time. However, there were a few moments when, in the pursuit of the fish, I had to play 8 or even 10 tables! I can say that over this month, I significantly improved my multitabling skill. Playing 4 tables at once became quite easy.

    A bit about variance. The good news that at the 250-500s limits is that relatively little goes towards jackpot, and the 4% rake improves the situation. In other words, to beat the limit with 0% RB, you would need around 21-22 cEV. When you add weekly cashback, VIP DiamondElite rakeback, school RB, and leaderboards, that break-even cEV drops practically to 1-2 chips. I don’t think Party Poker will be offering such RB all the time to high stakes players, but now their goal is very clear—to ignite good action in high stakes spins and increase their popularity. Currently, there are many regulars, but over time, I believe there will be a sufficient fish pool, and it’s likely that Party Poker will start reducing RB somewhat then.

    Another good thing is that after paying 200,000 USD in rake over 12 months and becoming a DiamondElite member, Party Poker gives a free trip to the Bahamas and an entry into a tournament – the total value this year is about 10-12k EUR. Additionally, there’s the Party Poker Millions Online tournament, which also has a buy-in of around 10k + rake.

    About the financial swings at the 500s limit. As you can see from the graph, variance didn’t favor me much this month, and psychologically it was definitely not easy to play when I had to make several deposits of 20-30k for several consecutive days. I was in the deepest hole at about -80k, but then I got a slightly better run, and with the help of rakeback, I managed to reduce the losses somewhat. Currently, I’m still about -20k, but I don’t focus on the short run; I just try to concentrate on the quality of the game and long-term results. I had 3 spins with a 12.5k multiplier, and I won one. For x10 spins, I had significantly more with a 5k multi, but I won only a few. I haven’t been able to score a higher multiplier like x25 yet, but everything is still ahead.

    SS from my session and how it looks:

    The weekly 40% cashback looked something like this:

    I had a few longer sessions:

    During this month, I took the first place on the leaderboard 8 times, and most often, I landed in the top, unless there were more things to attend to at the table or studying with pureGTO.

    cEV  graph by limits. It’s a bit strange for me too why the cEV is lower at 250s than at 500s because the field is easier there. The most likely reason is that at the 250s limit, I played less responsibly than at 500s, and tables were added there when there was a lack of action at 500s. My concentration was always much higher in 500s spins than in 250s.

    SpinEV+RB graph – this represents the overall EV+RB for each limit. In the Rakeback graph, it’s at 90%.

    Overall, I have already paid over 80k in rake to Party Poker, so the situation is 80k/200k.

    May 3rd, 2020

    At 500s, there are a few shady regulars who sometimes seem to be playing with some assistance and sometimes not. Here’s an example of one player’s line:

    I understand that a good regular can sometimes do that, but it’s interesting to think about how good you need to be to make such plays with 6 tables open 😄.

    May 4th, 2020

    A bigger multi at 250s. Lost this time.

    My new cashback record this week 😄.

    May 7th, 2020

    Finally got to enjoy x10 as well.

    May 8th, 2020

    Wop wop didn’t have to wait long. The upswing continues!

    May 9th, 2020. 

    Had a beautiful run, so I say it’s necessary to share it with the community 😄. The regs who gave me a hard time this month had to give it all back today.

    May 12th, 2020

    When a lot of coincidences happen, and you get two unseen players at the table, get AA, go ALL IN pre-flop, and say: “well, this round is going to be mine” 😄. I set a trap, but it turns out I got trapped, even x5.

    May 13th, 2020

    3 :/

    3w all in 17bb 55<AT<JJ

    From BTN shoved 55 to two regs. SB call ATo BB call JJ

    Flop J

    River 5 😄

    May 15th, 2020

    Super solid 500s reg. It seems like I never hit his bluff range. But there you go, straight into the range abyss 😄.

    May 21st, 2020

    Sharing a bad beat at x10. Sorry to my opponents 😄

    15-30 blinds.

    I went all-in from the BTN with ATo (about 750 chips).

    SB calls with 77. BB calls with AJs.

    May 24th, 2020

    My recent graph!

    May 25th, 2020

    Very serious day, just the ending was not so serious 😄.

    May 26th, 2020

    Morning field recovered a bit, probably some fatter carps migrated from MTTs, so the lines reflects that right away 😄.

    When you trap with aces, flop a carriage, and just chill 😄.

    Literally, I haven’t risen from my chair all this time 😄.

    May 30th, 2020

    Hello, as usual, I’ll present my monthly report!

    Just like in May, something interesting is happening all the time. I remember in 2018, this month was the most profitable in my career. I was playing PS 500s, running well above EV, and won about 70k.

    This month is the new most profitable month in my poker career, and it could have been even more profitable if I hadn’t lost 120k in a multi 500s. Well, but I can’t really complain. I’m finishing the month with a solid balance:

    And a big run over EV:

    In the middle of the month, I found myself in quite a big hole. I was seriously contemplating whether I could still beat these limits or if something had changed. At the same time, I felt like my draws missed all the time, and with bluffs, I always hit the opponent’s top value range. When this “hole” ended, it seemed like I was winning everything in a row. It was just difficult to lose a tournament, a strange feeling indeed 😄.

    I’m about 45k USD away from paying the 200k rake. So far, I haven’t missed a single grinding day since the beginning of April.

    Fatigue is starting to set in. June will be much calmer since in a week, there’s a school camp in Trakai for three days, followed by a few birthdays. And, of course, finally, I can play tennis!

    June, 2020

    June 4th, 2020

    And what kind of bluffs do you have here?

    June 14th, 2020

    When you misclick in x5 against a fish, but it ends well 😄

    June 15th, 2020

    Long time no see:

    June 29th, 2020

    Today is already the second one; unfortunately, I couldn’t gather the first one.

    July, 2020

    July 7th, 2020

    Goal achieved! 🥳 It took about 100 days. See you in the Bahamas!

    July 8th, 2020

    I promised not to share any more won x10 at the 500s limit, well, but lots of good emotions, so on autopilot 😄.

    July 9th, 2020

    July holds a lot of promise. Winnings so far have already reached 30k 😎.

    July 10th, 2020

    On the Friday night, there was some decent action going on 😄. Briefly, you can play 8-9 tables, but all exploits come to an end. My standard is 6 tables.

    November, 2020

    November 20th, 2020

    0/4 This year

    60k – x120

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