Showing posts with label Bank Roll. Show all posts
Showing posts with label Bank Roll. Show all posts

Thursday, February 12, 2009

BANK ROLLIN': Stuck On a Speed Bump

Hey all. Long time, no blogging for ya. Well, I'm still trying to build up the bank roll from nothing, I was rolling along for a bit playing $1.25 Sit & Go's on Full Tilt.

At that point, the bank roll was at about $40 and I decided to try my luck outside of my bank roll range, contrary to bank roll management rules as laid out by Chris "Jesus" Ferguson of Full Tilt. I played in nine $5.50 sit & go's, finishing in the money in 5 of them, then playing four $11.00 ones, finishing in the money in 3 of them. My bank roll got up to over $65 before I went back down to play $2.25 sit & go's, back to sound bank roll management principles.

Unfortunately, I've been mired in a streak of bad luck overall. I've taken tons of bad beats, and went through my first stretch of actual tilt, where I felt like all my decisions were wrong ones and solid odds betting led to losing anyway. Fortunately, I'm still at $56, only $9 in the hole, but for all my solid play, I feel like I should be in better shape than this. But then again, I'm glad I had the discipline not to shift back to higher buy-ins while I'm going through this rough stretch, which could have left me bankrupt by now.

The milestone of the $100 bank roll feels miles away now...

Wednesday, January 7, 2009

MULTI TABLE TOURNAMENTS AIN'T MY BAG: And Now My Bank Roll's Starting To Sag

Happy new year, all!

In the last week, after my near misses in multi-table tournaments (MTT for short) on Full Tilt, I've faired worse since then. My bank roll was up above $21.00, then it sank to a low of $5.70. I'm at a point where if I keep playing MTT's I could potentially go broke and have to play in free rolls again.

So I figured my best course of action would be to start playing $1.25 single-table tournaments again, like I did on Pokerstars a few months back (When I steadily won over $50 and cashed out my initial investment). So far so good: I've placed in the money (top 3) in my first 4 one table sit & go's and my bank roll is back up to $10.60. As long as I avoid the temptation to play MTT's until my stack gets up to at least $30, I should be on a steady climb upwards.

Thursday, October 30, 2008

BUILDING THE BANK ROLL: Take It From The Top!

Hey everyone, it's been awhile. November's right around the corner for the "November Nine" World Series Of Poker final table! I'm excited to watch.

So here's my situation: not too long ago, I started winning in free rolls and weekly round 2's here and there and managed to win $5. But next week I'm starting an office job where I have to work weekends, so I won't be able to play in round 2's anymore.

So now, I'm turning my attention to single table Sit & Go tournaments. Pokerstars has lots of good promotions for Sit & Go's and right now, I'm finding they are the best place to work on my game. There's no crazy all-in people, and if there are, at least you get to stay at the same table and get a shot at them later. It's also a good place to study your opponents and use what you know about them throughout the single table tournament. You can also work on your end game and head to head skills if you get that far.

So after a couple weeks of single table Sit & Go's at $1.20 apiece, I managed to turn $5 into $57! BUT, I have to confess, I originally deposited $50 into my Pokerstars account from my credit card at the beginning in July, when I really didn't have the money! So really, getting to $57 is essentially just recouping my initial investment. So on that note, I cashed out $50 from my account, and now the $7 I have is house money and I'm basically building my bank roll from 0.

So now, here I am, with a $7 bank roll and stars in my eyes. Chris Ferguson was able to turn $0 into $10,000 online starting with free rolls and working his way up and I aspire to do the same thing. Wish me luck and I'll keep you updated!