Friday, January 9, 2009

A Look Back at Week One

After my first week of playing I have profited $390.73. I lost $7.17 playing multi-table tournaments (MTT) ranging in buy-ins from $1-$5.50. I lost $4.00 at the cash games (.05/.10 and .10/.25). Most of those losses came at the .10/.25 tables not surprisingly. I lost $20.80 at single table $4.40 satellites, however I turned one of those into a $26 token, so the actually gain was $5.20.

I lost $2.70 playing in $2 sit & go tournaments, which surprised me. I thought I lost more than that. I sure as hell played a lot of them. If I can cash in 5% more, I will turn that number into a gain. I know I can play better in most of them, so I should be able to turn a larger profit this week.



My biggest cash came when I turned in my $26 token for a 45-sng. The payday was a monstrous $410.40. This week I am going to make another run at Brain’s plan. I gave up prematurely last week after some frustrating losses, and ironically that’s how I got my big cash. Here’s how it works:

Step A:
Play $2 +.25 18 person sit & go.

1st place pays $14.40 - $8.80 goes toward two step B “tickets”, and $5.60 goes into bankroll for a $3.35 profit.

2nd place pays $10.80 - $4.40 goes toward one step B ticket with a $4.15 profit.

3rd place pays $7.20 – One step B ticket and $0.55 profit.

Step B:
Play a $4.40 single table $26 token satellite.

1st pays one $26 token – zero additional profit to bankroll
2nd pays $10 – one step B ticket and $5.60 profit.

Step C:
Once 5 $26 tokens are collected, spend four on Step C tournaments:
9 to 45 person sit & go tournaments, satellite or cash.

Step D:
This is the one token spent on a large MTT such as a 21k guaranteed. It’s the fortune and glory shot. For example, the winner of a recent 21k won $6,204 (1,175 entrants).

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