Saturday, January 08, 2005

Progress Update

In 10 days, I have managed to double my meager $50 bankroll, all while playing nothing higher than 0.05/0.10 NL or $5+0.50 SnGs. I'm not really sure what that means to my ability, after all, the aquarium is rather full at those limits, but regardless, I am very proud of myself. For my first journey into real money online (scary place that it is), I feel I've done very well for myself. I think after a few more winning sessions (I have yet to have a losing session in ring games), I'm going to move up to the 0.10/0.25 NL tables. I will continue to buy-in with just half the maximum ($12.50 in this case), and my other rules will continue to apply. The loss-limit is 1.5 buy-ins--no more, no less. Should I lose more than $18.75 at 0.10/0.25 NL in one session, it's over, just like my $7.50 limit at 0.05/0.10 NL.Hopefully, the cards will break right when I need them to, and my hand reading skills will continue to improve, especially relative to the limit.

Sometimes, being a tight-aggressive player can be detrimental, especially when you end up folding a winner because you figure the other player just has to have it...then you discover he was playing and calling garbage to the river. However, I keep the faith that regardless, over time, the tight-aggressive hand-reading player will win out over poorer players. Playing premium hands will eventually get you premium pots.

For now, I'll just bask in the glory of my minor achievement. 'Till next time!


11:45 PM Update: Lost a little back--going to play one more orbit, then call it a night. Lost on two suck outs--both to the same guy. First he chased a river straight (and bets and raises) with nothing and hit. Then he went all-in with pocket 5's against my AKs, I hit the Ace on the flop, he hit a 5 on the river... The perils of low limit Hold'em...

3 Comments:

Blogger April said...

Can I offer you some totally unsolicited advice? :D

Don't move up until you have the 300BB. It's a rule that sounds like a real drag, cause you don't want to wait, but it really is important. It makes a big difference on your mental outlook when you're sitting there, thinking about calling that bet, being agressive, raising, going all-in, etc. - when it's your last few dollars on the line...it really does affect your play. It certainly did mine.

And when you do get to that point - don't buy in with anything less than the max. To buy in with less shows weakness to the big stacks. It's a method of bankroll management, but if you had the proper roll to be playing at that level you'd be buying in with the max amount - and an experienced player will know this, and they'll target anyone who buys in for less than the max, marking them as weak. I see people who buy in at the $2/$4 tables with $50...and trust me, those guys just drool when they do!

You should definately be proud of yourself for your recent sucess. But definately give some thought to the whole 300BB thing. I used to ignore it. SirFWALGMan always preached it...and I thought, yadda yadda yadda...till I learned the hard way. :)

Congrats on your recent success and keep up the great work!

1:07 AM  
Blogger April said...

Have I mentioned before how I suck at math? :D

Buy-in comment still stands. Buy in for the full. You'll need it to get the max bets too.

1:09 AM  
Blogger Tony said...

Thanks for the advice April!

7:17 AM  

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