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Make sure to use signup code jhub for 33% rakeback when signing up for Cake Poker. Make sure you type it in as the SIGNUP CODE, not the promotional code or any other code. There's also a 100% deposit bonus up to $500. Transfers do not count as deposits. However, if you get money transferred into your account you will still be eligible for a deposit bonus once you actually make a deposit. If you need help getting money into Cake I usually have excess money in there & can swap money for money on another site where I have an account. Just post a comment on my blog or email me.

I’m back in the red pre rakeback on the year. It’s been very swingy. I’m down over $20K at the $300+ level for the year. That’s the crappy thing about playing multiple buy-ins. Your overall #s rely heavily on a small sample of games at your highest stakes. I can’t complain with the rakeback I get though. I’m not alone in the red for 09. Spagravy, Bigjoe2003, bballwiz, & messier111 are all in the red pre rakeback in SNGs this year, & even the almighty durrr is in the red in cash games for the year. Hopefully seeing players have bad runs for such extended periods of time is educating people on variance more, because most people are clueless in that department.

My hours have been down lately. Even when I play a full week it’s usually not 40 hours.

Now that Cake has had super turbos for a while I decided to do a little research into attainable ROIs. I always assumed 1-2% was probably the highest attainable ROIs in the long run. I took a collection of players I considered good to figure out my #s. I think the results will surprise some people. Among these good players, they had played a total of 23,081 super turbos. Their average stake was $96.83 & their average ROI was just 0.274%! This should be an eye opener to those of you running at 2% or above over thousands of games. It’s extremely unlikely that your true ROI is actually that high. Super turbos can still be very profitable because of their length of time & rakeback, as long as you can handle the sick variance that comes with them. You will have negative ROI stretches over huge lengths of time. Hopefully people will start to realize the importance of table selection in super turbos. Games can become unprofitable much quicker than in regular turbos. Unless you have a rakeback deal like me on Cake (you don’t) there’s really no excuse for not using good table selection in super turbos. Too often I see games w/ the likes of 2 or more players like HappyLucky, buttabiscuit, JuneTLBKilla, odinnnn, avkalang608, etc… & it’s just ridiculous. I’m sure most of you have read my entry on table selection and variance. If not, you should do so now:

http://jhub3000.livejournal.com/2009/03/03/

The thing with super turbos is that your base ROI is much less. While I said a top player at $100+ probably has a base ROI around 8.5 in turbos, that number should AT LEAST be cut in half for super turbos. I doubt you can profit pre rakeback w/ 1 top player & even 1 other winning player in the game. Most players have 33% rakeback. The rakeback you receive is roughly equivalent to 2.31 ROI points. Therefore, if your ROI in a super turbo is lower than -2.31 you are losing money even with rakeback! If you’ve read my table selection article & understand how to calculate your ROI in a particular game you should realize that’s it’s not tough to get to -2.31% in a super turbo. In fact, I see these games all the time. Fortunately for me I get way more than 33% rakeback so I have a lot more wiggle room than everyone else. The point is: use your head, put your ego aside, & table select. I’ve noticed many players starting to table select since my blog entry on it, but there’s still plenty of work to be done in that department. For most who don’t, they haven’t truly experienced the brutal side of variance. Others just never will. Hopefully this helps people understand the difference between table selection in regular turbos & super turbos. Clearly your edge is much less with 2 minute blinds as opposed to 5 minute blinds.

I made a mistake in my last blog entry. I listed my personal trainer’s website incorrectly. It’s fixed now but the address is actually http://goperformance1.com/ Again, I recommend him to anyone. He does a great job for a very good price. I’ve now lost 38 lbs. I’ll be posting a banner for his website on my blog soon.

I was very disappointed in the Cavs. Anyone putting the blame on Lebron is an idiot. He easily has the worst supporting cast of any superstar & seriously, what more could the guy have done? He made Mo Williams look like an all star during the regular season, but Mo & the rest of the team didn’t show up for the eastern conference finals. You can’t win a championship by yourself. It’s a team game. Jordan needed Pippen, Kobe needed Shaq/the good supporting cast he has now, Wade needed Shaq, Duncan needed Parker & Ginobli, Magic needed Kareem, etc… MJ didn’t win a title until his 7th season. Guess what season Lebron is going into? You got it. Hopefully they can put a better team around him & get it done next year. Fortunately it looks like they’re going to have plenty of cap room to work with. No championship is going to be easy in the next several years though. The Lakers are still pretty young & should have their core together for a few more championship runs. The Magic get Jameer Nelson back next year and as long as they resign Turkoglu their young core should be together for several more championship runs. The Nuggets will be back & The Celtics should have 1 more run in them.

The new Eminem CD is phenomenal as usual. If you haven’t gotten it yet go get it. Maybe I’ll do some CD reviews one of these blog entries.

I didn’t receive my May rakeback yet so that is not included in the yearly profits.

MJCACE’s staking agreement is up at the end of the month so starting July 1st my mix of games will likely look a little different. I’ll probably start up a new excel tab at that time. Since April 5th I’m making $219.42/hr playing (not including staking).


Results:

May 2009:
121.65 hrs played
SNG profit: $ (9,228.11)
Rakeback/Bonuses: $ 22,270.59
Staking: $ 1,080.00
Total monthly profit: $ 14,122.48
Year 2009:
732.98 hrs played
SNG Profit: $ (1,224.82)
Rakeback/Bonuses: $ 121,491.54
Total SNG Profit: $ 120,266.72
Staking: $ 26,127.65
Total Yearly Profit: $ 146,394.37



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