Over at www.getastake.com, I am running a series of stakes that will culminate in the horse playing a $107 90 player triple or nothing sit and go at Poker Stars. So far, 1 person has completely busted, and the others are still running.
Here's the plan:
Stake Details:
Step 1:
Start with 5 x 2.20 Satellites to the 1/4 million. As you win them, unregister from the 1/4 million for the $T. Run these until you reach $25.00
Step 2:
At $25, start playing $5.40 double or nothings. Do this until the bankroll reaches $60. If bankroll drops below $16.40, go back to Step 1.
Step 3:
At $60, start playing $11 double or nothings. If the bankroll falls below $40, go back to Step 2.
Step 4:
When bankroll reaches $118, congratulations, you can now play a $107 triple or nothing.
If you lose this tournament, you will still have $11 left. You may cash out or start climbing the mountain again. If you lose the triple or nothing, there is no shame. You went the distance, you just didn't claim the prize.
Upon reaching Step 4, you may opt out of the challenge and Ring the Bell. You will be a quitter. Your name shall be carved upon the list of washouts. We shall make fun of you. The shame may be too much for you to show your face in the forums again. But you can quit at this point.
At any time, you may play a Step lower than your current one. If you want, you can play the 2.20 satellites all the way up to $118 before playing the triple or nothing.
I am going to take this challenge myself, and will blog my results. I have started by taking some of my FPPs and playing a 210 FPP to the 1/4 million. I have unregistered, and have $11 in Tourney Dollars to start my climb.
If you go to www.getastake.com and sign up, be sure to type Zorag in for your referral.
Showing posts with label Poker. Show all posts
Showing posts with label Poker. Show all posts
Wednesday, May 27, 2009
Tuesday, April 21, 2009
GAS Team competition
Ok, here's the link to my rail for the team competition.
The important information for the nonpoker players reading this is in the first post. It will show each of my sessions in a chart, with how much I bought in for, how much I cashed out and the profit. There will also be a grand total at the bottom of it.
According to the rules of the contest, I have to post the hand history of the first hand in a session immediately. If all that stuff doesn't make sense, skip it. There will also be rail posts, these will show the buy in and amount cashed out.
Any questions with it, just ask.
As of right now, I'm the number 1 horse with $69.10. The initial stake was $10 and we started yesterday morning. At the very top of the page there is a chart that shows team standings.
z
The important information for the nonpoker players reading this is in the first post. It will show each of my sessions in a chart, with how much I bought in for, how much I cashed out and the profit. There will also be a grand total at the bottom of it.
According to the rules of the contest, I have to post the hand history of the first hand in a session immediately. If all that stuff doesn't make sense, skip it. There will also be rail posts, these will show the buy in and amount cashed out.
Any questions with it, just ask.
As of right now, I'm the number 1 horse with $69.10. The initial stake was $10 and we started yesterday morning. At the very top of the page there is a chart that shows team standings.
z
Thursday, April 16, 2009
Where to go from here?
I've been playing the .25/.50 and .50/$1.00, more of the former than the latter, Limit Omaha 8 games. I've been doing well with them. I haven't had a losing session yet. I'm up almost $30 after about 800 hands. I look in the lobby for the tables with the highest percentages of people seeing a flop.
I'm grinding these out, and trying to multi-table when the conditions are right. I'm going to work my bankroll up about another $100 before I move up a level. I might start playing more of the .50/1.00 before then, though.
My plan is to keep moving up levels slowly until I find a level where I don't have a huge edge. Then I'm going to step back one and see how much money I can make per month. I need to get PT Omaha or a similar program, and I plan on doing that next month.
I'm grinding these out, and trying to multi-table when the conditions are right. I'm going to work my bankroll up about another $100 before I move up a level. I might start playing more of the .50/1.00 before then, though.
My plan is to keep moving up levels slowly until I find a level where I don't have a huge edge. Then I'm going to step back one and see how much money I can make per month. I need to get PT Omaha or a similar program, and I plan on doing that next month.
Friday, April 10, 2009
Year of the pro
Write it down, there will be at least 6 pros at the final table of the Main Event this year. Buy-ins by average Joes will be way down. Satellite winners may reach an all time high.
Wednesday, April 8, 2009
Big step backwards
After my miserable showing in my prop bet with Blazman and Rant2112 (10x$16 18 player SNGs), I decided to take a step back.
I played $10 in .25 tourneys and had a 50% ROI. It probably should have been higher, but once I was guaranteed profit I turned into a maniac. These things were sucking the life out of me when I was taking them seriously.
Now I've moved on to the next phase: 10 x $1.75 18 player SNGs. I'm going to concentrate on O8, but I may step over to something else to break up any monotony.
I played my first one last night, and took it down for $10.80 cash. I felt like I was on an entirely different level than most of the other players. I timed my bluffs well, made the right calls and laid down the 2nd best hand more than once.
I explained the payout structure for Poker Stars 18 player SNGs over at the Ante Up forums, but I'll break it down here.
Look at the payout as units. There are 10 units paid out:
1st=4 units
2nd=3 units
3rd=2 units
4th=1 unit
In the $1.50 + .25 that I'm playing now, each unit is worth $2.70. The rake is pretty brutal at this level, but you still only need to earn 7 units in 10 tournaments to show a profit. (At the higher levels, you can turn a profit with 6 units in 10 tourneys.)
I look at these as 4 different tournaments wrapped into one. Each tournament pays 1 unit. In the first tourney, it doesn't matter how many chips you have, you just need to place in the top 4. It progresses in this manner for each successive tournament.
The only advantage to having more chips is better positioning for the next event. This is obvious, but the subtle key to these is that the 2nd, 3rd and 4th tournaments are freerolls. You have to outlast 13 players in the first tournament to earn your buy-in back and a little more on top of it. Every place you move up saves you a buy-in and keeps you from having to deal with the field.
Here is the key to these tournaments, write it down and don't forget it: Do not plan your strategy on finishing first. Your strategy should always be to make it to the next level in the best position you can. If you're short stacked, tread water. Every time you outlast a person, you win more than you do for placing 4th, since you don't have to pay the buy-in.
Winning should be your ultimate goal, obviously. However, finishing 2nd and earning 3 units pays more than finishing 4th in 3 tournaments and earning the same 3 units. It's like a hybrid Double or Nothing. You need to worry more about outlasting people than building a big chip stack, but that big stack will earn you more.
Bonus info: DO NOT PLAY The $20 + 2 18 player SNGs. The $15 + 1 has a rake that is 6.66% versus the 10% in the $20. The $50 + 5 suffers from the same rake inequity, but at least it is a much higher buy in.
Z
I played $10 in .25 tourneys and had a 50% ROI. It probably should have been higher, but once I was guaranteed profit I turned into a maniac. These things were sucking the life out of me when I was taking them seriously.
Now I've moved on to the next phase: 10 x $1.75 18 player SNGs. I'm going to concentrate on O8, but I may step over to something else to break up any monotony.
I played my first one last night, and took it down for $10.80 cash. I felt like I was on an entirely different level than most of the other players. I timed my bluffs well, made the right calls and laid down the 2nd best hand more than once.
I explained the payout structure for Poker Stars 18 player SNGs over at the Ante Up forums, but I'll break it down here.
Look at the payout as units. There are 10 units paid out:
1st=4 units
2nd=3 units
3rd=2 units
4th=1 unit
In the $1.50 + .25 that I'm playing now, each unit is worth $2.70. The rake is pretty brutal at this level, but you still only need to earn 7 units in 10 tournaments to show a profit. (At the higher levels, you can turn a profit with 6 units in 10 tourneys.)
I look at these as 4 different tournaments wrapped into one. Each tournament pays 1 unit. In the first tourney, it doesn't matter how many chips you have, you just need to place in the top 4. It progresses in this manner for each successive tournament.
The only advantage to having more chips is better positioning for the next event. This is obvious, but the subtle key to these is that the 2nd, 3rd and 4th tournaments are freerolls. You have to outlast 13 players in the first tournament to earn your buy-in back and a little more on top of it. Every place you move up saves you a buy-in and keeps you from having to deal with the field.
Here is the key to these tournaments, write it down and don't forget it: Do not plan your strategy on finishing first. Your strategy should always be to make it to the next level in the best position you can. If you're short stacked, tread water. Every time you outlast a person, you win more than you do for placing 4th, since you don't have to pay the buy-in.
Winning should be your ultimate goal, obviously. However, finishing 2nd and earning 3 units pays more than finishing 4th in 3 tournaments and earning the same 3 units. It's like a hybrid Double or Nothing. You need to worry more about outlasting people than building a big chip stack, but that big stack will earn you more.
Bonus info: DO NOT PLAY The $20 + 2 18 player SNGs. The $15 + 1 has a rake that is 6.66% versus the 10% in the $20. The $50 + 5 suffers from the same rake inequity, but at least it is a much higher buy in.
Z
Subscribe to:
Posts (Atom)
