I recently passed a milestone in my quest to beat 100NL online. That milestone was playing over 500,000 hands of online cash game poker. The truth is that I've played more than 500,000 hands of cash online in my life but these 500,000 make up the vast majority of my online cash game experience. I decided to dive into this data and write up as detailed a post as possible to help share some of the hard facts (data doesn't lie) about grinding micro and low stakes cash game poker online.
The post has dozens of insights backed up with data but I'm sure there are things that can be included in my analysis. If you would like me to discuss something specific which doesn't appear in the post then please comment below or email me at justin@thegreatgrind.com.
- In poker, players form sets of five playing cards, called hands, according to the rules of the game. Each hand has a rank, which is compared against the ranks of other hands participating in the showdown to decide who wins the pot. In high games, like Texas hold 'em and seven-card stud, the highest-ranking hands win.
- To put that into perspective, there are only 300 billion stars in our galaxy – so one star within sixty Milky Ways is the probability of Bond winning against all those hands. If you like poker movies, then I highly recommend A Big Hand for the Little Lady, an underappreciated western from 1966 starring Henry Fonda, Jason Robards, and Burgess.
The Poker Hands. Here's a ranking chart of the Poker hands. The chart lists the rankings with an example for each ranking. The examples are a good reminder of the definitions. The highest ranking of them all is the royal flush, which consists of 5 consecutive cards in one suit with the highest card being Ace. There is only one such hand in.
Distribution of the hands played AKA the high level view of the data
As you can see from the table below the 500k hands were played across all buy-in levels from 2NL (1c/2c) all the way to 100NL (50c/$1). Since February last year when I made the decision to move to cash games I started with only $80 in my account with the aim of building a bankroll. My plan for 2013 was to start at 1c/2c and build up a roll and move through the levels until I was comfortably beating 50NL. It is for this reason that 40% of the hands in the 500k sample were played at 50NL and the buy-in levels with the fewest hands are the very first levels. Since I was able to beat 50NL at around the 400k hands mark, my focus has been on moving up in stakes and beating the 100NL level. As you can see in the 100NL row I still have some work to do.
The 500k hands were played over 699 hours which comes to around 715 hands per hour. On average I see around 65 hands per table at full ring which means that on average I've been playing 11 tables simultaneously which sounds about right. Initially I played 4-6 tables and April was the first full month that I played 24 tables. I have since gone down to 12 and even 6 tables while trying to beat 100NL.
The table below shows the distribution of the 500k sample by day of the week. You can clearly see that I play the vast majority of my hands over Friday and Saturday (my weekend).
These 500k hands were racked up in 201 different sessions. During these 201 sessions I lost money 75 times (37%) with my longest loosing streak being 6 sessions. My longest winning streak was 15 sessions (unfortunately this was at 2NL:)). The lesson here is that even winning players loss one in 3 sessions on average. During these sessions I've paid $10,012 in rake. Unfortunately I haven't recorded the money I've earned from bonuses.
The law of diminishing win rates
One of the most obvious concepts of poker is that the game gets tougher to beat the higher you go up in stakes. An interesting question though is by how much does one's win rate go down the higher he climbs in stakes. Before we look at my data to get some sense of the drop, it is important to understand that the shape of the graph of someone's win rate as you go up in stakes will be very different on a player-by-player basis. The main reason for this is because most players don't stick to a level they can beat long enough to determine their true win rate. This effect can be catastrophic to some players who move up in stakes too quickly after running hot at a new buy-in level. Ask two poker players how many hands you should play to determine your true win rate and you will get three answers. Later in my analysis you will see that the real number is much higher than what most people think.
Do you notice the different between by actual win rate and my EV adjusted winrate at 2NL and 5NL? The reason for this is because my sample sizes for these buy-in levels are small which means I was running very hot (at 5NL) and very cold (at 2NL). In the long run your actual winrate and EV adjusted winrate will match.
The plight of the break-even periods
Below are three graphs of periods within my 500k hands sample which almost drove me mentally insane. Let's look at each one on their own and lets see what we can learn from the horror.
The first graph shows a period of roughly 166,000 hands where I broke even at 25NL and 50NL. Before embarking on my challenge to beat 50NL I knew I could beat 10NL but always got stuck at 25NL so when I finally reached 25NL I was ready for the challenge. About 2 month into playing 25NL I took my first shot at 50NL and it went badly. After dropping $1,000 dollars I went back down to 25NL expecting to continue to beat the level like I was doing before taking the shot at 50NL. Not only did I not sustain my earlier win rate at the level but my confidence took a big knock and my volume suffered. I knew I could beat the level and that my failed shot at 50NL was mostly as a result of run bad (more on this later) so I held firm and pushed through it, 40,000 hands later I saw the light and continued to build the mountain (you know, the shape of my graph:)).
The second break-even period is a bit different from the first. The main difference here is that instead of experiencing an extended period of time where I failed to maintain a positive win rate, I ended up wiping out 5 months of positive results in a mere 33 hours. My first shot at 100NL was so devastating financially in comparison to my positive results over the months that in a mere 12,784 hands I wrote off the winnings I had accumulated over the first 7 months of 2013. The way I got through this blow was by understanding the big picture and that if I can wipe out so much money so quickly, the opposite is also true when positive variance is on your side. Losing $500-$1000 or 5-10 buy-ins over a period of 12k hands isn't unheard of. It is very important to keep things in proportion and to remember the final goal.
The final break-even graph shows all the hands I played at 50NL in the 500k sample. Do you notice what happened during the first 80,000 hands? The first 80k hands was a special type of hell but when I finally got through it and I broke even at the level something happened, I started to beat the level and haven't looked back. I think a very important lesson can be learnt from this graph. 80k hands is a hell of a lot of hands for someone who plays this game on the side and I know there are many players out there who couldn't handle going through so many hands without showing a profit for their work. The reality is that if I decided to call it quits after 80k hands at 50NL I would have cost myself thousands of dollars and perhaps even tens of thousands of dollars if I successfully beat 100NL. The lesson to be learnt here is that it can take you tens of thousands of hands to beat a level so keep your head up and don't quit.
Your aces will break 10 percent of the time and you should fold 9 2
Did you know there are 169 different hands you can be dealt in a Texas Holdem hand? I know what you're thinking, there are a lot more than 169 different combinations of hands that someone can be dealt. You're right, there are actually 1,326 combinations but if you had to group those into suited combinations and unsuited combinations you would get 169 different combinations. Don't believe me, just look at the table below. 13 hands per row, times 13 rows equals 169.
Now that we have determined that there are 169 different hand strength combinations that you can be dealt, lets have a look at how each one fairs.
There are a number of very interesting things we can gather from this table:
These 500k hands were racked up in 201 different sessions. During these 201 sessions I lost money 75 times (37%) with my longest loosing streak being 6 sessions. My longest winning streak was 15 sessions (unfortunately this was at 2NL:)). The lesson here is that even winning players loss one in 3 sessions on average. During these sessions I've paid $10,012 in rake. Unfortunately I haven't recorded the money I've earned from bonuses.
The law of diminishing win rates
One of the most obvious concepts of poker is that the game gets tougher to beat the higher you go up in stakes. An interesting question though is by how much does one's win rate go down the higher he climbs in stakes. Before we look at my data to get some sense of the drop, it is important to understand that the shape of the graph of someone's win rate as you go up in stakes will be very different on a player-by-player basis. The main reason for this is because most players don't stick to a level they can beat long enough to determine their true win rate. This effect can be catastrophic to some players who move up in stakes too quickly after running hot at a new buy-in level. Ask two poker players how many hands you should play to determine your true win rate and you will get three answers. Later in my analysis you will see that the real number is much higher than what most people think.
Do you notice the different between by actual win rate and my EV adjusted winrate at 2NL and 5NL? The reason for this is because my sample sizes for these buy-in levels are small which means I was running very hot (at 5NL) and very cold (at 2NL). In the long run your actual winrate and EV adjusted winrate will match.
The plight of the break-even periods
Below are three graphs of periods within my 500k hands sample which almost drove me mentally insane. Let's look at each one on their own and lets see what we can learn from the horror.
The first graph shows a period of roughly 166,000 hands where I broke even at 25NL and 50NL. Before embarking on my challenge to beat 50NL I knew I could beat 10NL but always got stuck at 25NL so when I finally reached 25NL I was ready for the challenge. About 2 month into playing 25NL I took my first shot at 50NL and it went badly. After dropping $1,000 dollars I went back down to 25NL expecting to continue to beat the level like I was doing before taking the shot at 50NL. Not only did I not sustain my earlier win rate at the level but my confidence took a big knock and my volume suffered. I knew I could beat the level and that my failed shot at 50NL was mostly as a result of run bad (more on this later) so I held firm and pushed through it, 40,000 hands later I saw the light and continued to build the mountain (you know, the shape of my graph:)).
The second break-even period is a bit different from the first. The main difference here is that instead of experiencing an extended period of time where I failed to maintain a positive win rate, I ended up wiping out 5 months of positive results in a mere 33 hours. My first shot at 100NL was so devastating financially in comparison to my positive results over the months that in a mere 12,784 hands I wrote off the winnings I had accumulated over the first 7 months of 2013. The way I got through this blow was by understanding the big picture and that if I can wipe out so much money so quickly, the opposite is also true when positive variance is on your side. Losing $500-$1000 or 5-10 buy-ins over a period of 12k hands isn't unheard of. It is very important to keep things in proportion and to remember the final goal.
The final break-even graph shows all the hands I played at 50NL in the 500k sample. Do you notice what happened during the first 80,000 hands? The first 80k hands was a special type of hell but when I finally got through it and I broke even at the level something happened, I started to beat the level and haven't looked back. I think a very important lesson can be learnt from this graph. 80k hands is a hell of a lot of hands for someone who plays this game on the side and I know there are many players out there who couldn't handle going through so many hands without showing a profit for their work. The reality is that if I decided to call it quits after 80k hands at 50NL I would have cost myself thousands of dollars and perhaps even tens of thousands of dollars if I successfully beat 100NL. The lesson to be learnt here is that it can take you tens of thousands of hands to beat a level so keep your head up and don't quit.
Your aces will break 10 percent of the time and you should fold 9 2
Did you know there are 169 different hands you can be dealt in a Texas Holdem hand? I know what you're thinking, there are a lot more than 169 different combinations of hands that someone can be dealt. You're right, there are actually 1,326 combinations but if you had to group those into suited combinations and unsuited combinations you would get 169 different combinations. Don't believe me, just look at the table below. 13 hands per row, times 13 rows equals 169.
Now that we have determined that there are 169 different hand strength combinations that you can be dealt, lets have a look at how each one fairs.
There are a number of very interesting things we can gather from this table:
- Even the strongest hand in poker loses 1 in 10 times.
- You will flop a set 11.7% of the time (1 in 8.5).
- On average you will be flipping (50-50) when all in pre-flop.
- Even though 500k hands is a large sample size, when you are breaking it down by 169 different hand combos, there will still be variance on a hand per hand basis. This explains why pocket 3s is my biggest losing hand when looking at dollars won and lost and why I've lost more money with QJs vs 82o.
- I've mis-click folded AA or timed out when I was dealt them 5 times (whoops!!).
Texas holdem 2 pair regel. One stat which I find very interesting is the fact that I've lost money with 130 of the 169 hand combinations shown in the table above, that's a majority of 77%. I'm beating 50NL for over 3bb/100 and I'm still losing money with 77% of my hands. If you are struggling to beat this game then most likely you are still playing a number of unprofitable hands on a constant basis. Understand that there are hands which can't make you money in the long run and that you need to cut them out of your game.
How tight is the competition?
Something which was extremely obvious to me when I was moving up in stakes was the increase in the number of regs at my tables. The first level where I noticed this was at 25NL which seems ridiculously reg infested (50 and 100NL aren't much better). I decided to dive into my data and see the difference in the tightness level for each buy-in level. Check out the pie charts below which show the percentage of players with certain VPIP ranges per buy-in level.
Poker Famous Hands Games
I was surprised by these results because from the 4 pie charts above it seems 10NL is tighter than 25 and 50NL which wasn't my experience. One of the issues with this data is that we don't necessarily know the true VPIP of many of the players in the sample. Check out the table below to see the average number of hands for players based on their VPIP. You can clearly see that the tighter players have a much higher average number of hands which makes sense because these are the regulars which are multi-tabling and putting in a lot of hours. We can also clearly see that players which play above 25% of their hands don't last.
Famous Poker Hands Video
Final thoughts
There is an almost unlimited number of analyses I could add to this post but I've decided to stop here. I think there is enough here for now and I hope that even the most seasoned professional will find something in this post which will help them improve their game. I would love to hear your thoughts on this post and what you would like me to include in my analysis.
If you enjoyed this post and want to learn how to analyze your own poker stats then check out this detailed guide on the poker stats which matter at 2NL. You can also subscribe to this blog or follow me on Twitter by clicking on the follow button below.
How to win casino poker machines. Good luck at the tables.
