10 May Review & Full Tilt a sinking ship?

02 June 2011

May Review
May turned out to be my second most profitable month ever on PokerStars, despite not putting in as much volume as I would have liked. I ended up missing a solid week and a half whilst they fixed the mistakes they made with SNGs towards the beginning of the month, that I have already gone on about ad nauseam so I won't say any more! The games do seem easier since Black Friday, but I think my results this month are more attributable to running somewhat like God, especially at the beginning of the month.

Since Black Friday I have been forced to play a wider variety of games, as volume is down on the $20+ 18-mans at the times I like to play. Consequently I have been playing a mix of 6-man, 9-man, 18-man, 45-man and 180-man SNGs at the same time. Obviously the strategy for each format varies quite a lot, so I am going to have to be careful to keep on top of my game. The new software "CustomTitleBar" is allowing me to do this successfully, otherwise I think I'd really struggle. I've also cut back on tables a little bit and am playing 12-16 rather than 16-20 that I had been doing for much of the year, which makes them more manageable.

I need to commit more time to studying, as I have basically been playing 6-mans with blind faith. As a result I probably have a bunch of leaks, and could be playing them much better, even though I have faired well in them so far. It's nice to have a "red line" (ie. all-in EV adjusted results) to know how things are going more accurately in these games as well as 9-mans. I'm running a solid $1k above EV (there has to be someone running above EV out there!), but my red line goes up at a decent gradient, so although I'm due some pain, it's nice to have some other potential options out there than just 18-mans.

Full Tilt
Since Black Friday I've become increasingly more pleased with my decision to play solely on PokerStars. I have played on PokerStars since I started playing MTT SNGs, excepting a three month period February-April 2010 where I was playing 45-mans and 90-mans on Full Tilt. Although I had good results in that time, I just preferred everything about PokerStars (the software, customer support, continuous improvements etc), so I moved over permanently to make the push for Supernova in May 2010, and have never gone back.

Little did I know how much more secure my funds seemingly were on PokerStars compared to Full Tilt, based on the hugely contrasting reactions to Black Friday by the two sites. I'm no expert, but it looks to me like Full Tilt are a sinking ship and will inevitably go under. Let's just hope everyone receives their cashouts before this happens.

I'm not sure what to make of Phil Ivey suing Full Tilt and boycotting the WSOP. It may seem like a grand gesture, but he's basically screwed over Full Tilt in the process (not to mention screwing over my WSOP Fantasy Team, gfjghghlsdgfh!). Confidence in Full Tilt is at an all time low, and I can't imagine anyone in the loop wanting to play there anymore.

This is especially true of those who are aware of Nick Rainey's recent accusations of rakeback accounts being sold, and Top Pro's multi-accounting, amongst other offences, all of which you can read about here 

Check out DoubleFly's recent blog post, and Barry Carter's recent blog post for their thoughts on this topic.

Also, lol:

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