Advice
First off, this is my first post so I hope I'm doing this correctly & posting to the "share your advice" thread. I am planning on making a few posts on what I worked on to be relatively successful.
Next, I think it would be important to briefly share my experience. I've been playing regularly since 1993. I was a dreadful player for 10 years playing 7 stud & limit holdem. It was in 2004 I decided to take it seriously & focus on learning the game. 2005 & 2006 I was still a loser, but not nearly as bad. 2007 was my first winning year & I've had winning years every year since. I would estimate 80% of the hands I've played are in limit holdem, mostly between $10/$20 & $20/$40. The past few years however, I have been working on NL holdem & limit Omaha H/L, mainly because of the slow death of profitable mid-limit holdem games.
The first topic I'd like to share is record keeping. The first 10 years I was purely a recreational player, as almost all poker players are. Very few play for a living. During that 10 year stint, I kept no records even though I was playing 2-3 times per week totaling perhaps 15 hrs/week. This may not seem like much, but when you're learning or a consistent losing player like I was, your losses add up quickly, even at lower stakes. Sometime in 2003 I started playing online, accelerating my loss rate. Because online deposits are recorded it was then when I could actually see how much I was losing playing cards.
After that realization, I decided 2 things. One, learn how to play! Two, write EVERYTHING down. So I went to the store and I bought a record keeping book. When I went to the casino to play I recorded the location, actual time, game type, start time, finish time, buy in, rebuys & final results. I did the same when I played online, although a few years later I kept separate books for statistical reasons. This was a poker lifesaver for me!
At that point in my poker career it was the overall win/loss money amounts I was concerned with. But as I got better, it provided other statistics that proved very valuable like hourly w/l rates, results by location & variance swings.
But for newer players reading this or anyone not currently keeping records, I strongly recommend starting today! I now use an
iphone App called Poker Journal. I think I paid $10 for it, but there is also a free one plus many others available you may like better. It's very simple to use and as I'm sitting down for a session, I input the info right then before taking a hand. You will be able to view many different reports that I promise will prove valuable to your game.
Everyone (should) understand how discipline your play must be to be successful. But discipline doesn't start and stop with game play. Everything you do regarding poker requires discipline, including record keeping.
I hope this post, as long winded as it is (sorry) proves to be valuable to some of you. I look forward to interacting with the members of this forum.
Cheers, Rob