Friday, October 2, 2009

$98!!!

It's my day off and I am alone in the house.  It is so peaceful and quiet.  My plans for the day are to take lots of naps and play poker.  I may see a movie later. 
I just finished a 45 player SNG and was able to take down 1st place.  Once play was short handed with 5 players, I was able to accumulate a lot of chips.  Whenever, it was blind vs. blind, I would make a minimum bet after the flop, regardless of what I had.  75% of the time, the other player would fold.  By the time it was heads up, I had a substantial chip lead, and it didnt take long to eliminate my heads up opponent.

 This brings my bankroll up to $98.96.  It looks like I can take a couple shots at some $2 tournaments.  If I drop below $90, I will go back to the $1 tournaments.  Unfortunately, there are no 45 player SNG's at the $2 level, so I will probably have to play 27 player or 90 players.  The 90 player payout seems rather flat though.  18 players are paid and top prize is only $22 in a $1 tournament, whereas in a 45 player $1 tournament, top prize is $17.10. 

On a good note, it looks like Full Tilt reduced the rake on a $1 tournament.  Previously it was $.25, now it is only $.10.  However, it looks like they time for each level from 10 minutes to 6 minutes.  The last tournament I played lasted for 18 levels, so the 4 minute difference on the levels is definately going to affect the way people play.  Hopefully it will make them less patient and they will stack off with marginal hands.

So far, following Chris Ferguson's bankroll management rules is paying off.  I think the biggest advantage of the system is that you are never playing "scared" money because you are risking just a small portion of your bankroll.  This gives you the confidence to make big plays when they are warranted.  The best players are able to make big plays without fear.  This bankroll management system gives you the ability to do that.

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