21 December 2007

Sit 'N Go Update

I've been playing quite a few sit and go's lately, trying to continue to build my bankroll. Sit and go's are a great way to build your bankroll and also to practice different tournament strategies. I started my bankroll with just an initial $100 deposit. I was playing $2 and $5 sit and go's, and was having very marginal success. That was the point where I decided I wanted to improve my game. Over time, I slowly built my bankroll up to about $300. At which point, I moved up to the $10 game. Back then, I didn't know much about bankroll management or recommended requirements for the different levels. I was playing well, but with scared money. So it took me a long time to continue to build my bankroll. Here's a little graph of how my bankroll has grown over time. I know there are more impressive stats out there. And I know there are players that have an ROI greater than mine. But I am still learning and growing as a player. I'll reach my goal in time.

I personally subscribe to the belief that you should maintain strict control of your bankroll. I see a lot of players, mostly losing players, buy into games that their bankroll can't sustain or jump from one limit to the next. Most of time, in my opinion, they do this to try and win back their losses. Always try to maintain a bankroll that will allow you to play at whichever level you are comfortable with. That was the lesson I learned the hard way. I was playing at a level that my bankroll couldn't sustain. I noticed that I was playing tentative, especially if I hadn't cashed in 2 or 3 tourneys in a row. So I have changed my standards and try to play in strict control, and have been trying to continue to build my bankroll.

Right now, I'm playing at the $10 level. However, my bankroll is almost sufficient to move up to the $20 level. If I cash in a couple of the next tourneys, my bankroll should be big enough to allow me to move up in levels. I try to keep about 80 times the buy-in in my bankroll. I do this to allow me to absorb any losing streaks or increased variance. Suckouts and bad beats are going to happen. So you need to give yourself a comfortable cushion that will allow you to play through these rough patches. Once I get my bankroll to the sufficient level to play $50 sit and go's regularly, I will then focus most of my attention on the multi-table tournaments. My belief is that if I have a positive ROI at the $50 level, then most of the multi-table tournaments will be freerolls for me. I'm probably rambling and not making much sense right now.

On a final note. I ran into the ultimate fish. He is the epitome of a LAG. He raised more hands than he should have, and played position poorly. He is like a lot of the lower limit players. They overvalue top pair, especially in a raised pot. Then complain when they don't win. I don't like to drop names. But if you find yourself up against him, play a solid, aggressive game. Here's his data. QUITE IMPRESSIVE.....HUH?

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