| 18 Jul | June-July progress so far...Posted by PokerBarney on 7:34PM, 18th Jul 2006Permalink |  Send to a friend |  RSS feed |
It's been a while, but I think the main reason I haven't been posting on here is because it takes so darned long to load with these stupid ads. So I'm taking them off. Ha!
This month (and last) I've been working on building my bankroll from it's puny beginnings to a prehistoric beast that can withstand the vicious and often devastating offensive front that is variance, and downswings.
I started playing 18 seat $5+0.50 SNGs on PokerStars, and did OK. I played 10-15, and had an ROI of 25%, ITM of 23%. Not great, but not terrible. After losing 8 in a row, I decided that my bankroll couldn't take the swings, and stepped down to a lower level, holding a not to be sniffed at $18.50 profit.
The level down is 45 seat $1+0.20 SNGs, again on PokerStars. I played a few of those in June, making $5 or so profit (ITM 29%, ROI 27%), but have played 30+ in July so far (I don't get much daily time for poker, and am restricted to playing 2-3 games in the mornings), and achieved much nicer stats of ITM 30%, ROI 66%, with profit (so far) of $26.
I've also been playing 5 seat $2.50+0.50 STTs on Pacific Poker (888.com), and am having mixed results. Starting with 800 chips and 10/20 blinds that rise every 8 minutes (what is it with the number 8!?) makes for a sometimes gambly game. The vast quantities of freshly caught fish makes it a bit easier, but they are willing to re-raise all in on the first level with two undercards and a flush draw (vs my AA... humph).
I plan on giving these a run until the end of July, the re-assessing the STT route. I really want to play the 5 seat $10 STTs on Boss (PokerHeaven), since watching the televised tables has shown some alarming terrible players. I think I may have to step up to 10 seaters though, since the payout structure is so lame at these short tables that I'm struggling to reach an ROI of 10%.
Lastly, I've been neglecting the cash games. I started with $2 playing 10 seat 1c/2c NL on Paradise, but decided that I don't like full tables. Luckily, PokerStars has 6 seat tables at 1c/2c, so I'm going to move over there. As I said before, I don't have much time, so will leave this till next month and concentrate for now on SNGs and STTs. I do currently have $10 in the cash roll though.
So, profits of (5+18.50+26+10) ~$60 thus far, not to mention a couple of MTTs on the side that went ok (Pacific gave me $10 for filling out a survey. I turned it into $130 in two tourneys!) means this month is going OK.
Bankroll targets for the end of August -
Cash games: $25
STTs: $50
SNGS: $100
Once I've built a decent bankroll, I can continue using my favourite (and most effective) method of building/maintaining it, and go back to concentrating on medium to large MTTs to make serious cash. Shuffle up and deal.
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