A Nice Run Followed By Destruction
I had a nice run on the cash tables followed by destruction. I took 50 cents to a micro table and ran it up above $20 USD. I lost a little before leaving the table with some nice profit. I managed to turn $50 into $120 at the 25/50 NLH tables. Unfortunately I got bested at 25/50NLH later that same night. I'm playing a high variance style that allows me to run it up fast but comes with the same type of downward swings. So far in the last month since re-starting my poker journey I ran my bankroll from $0 to $100+ twice and $200+ once. Currently I'm sitting somewhere around $15USD with some sat tournaments yet to be played. Tomorrow I will be playing the final stage for a $109 ticket. For this specific sat I placed in 4 tournaments to make it to this point.
Tournament example of how I start my journey in these sats.
One more win for a $109 Ticket
Chips from the previous phased sat carried over to tomorrows game. Looks like we will be sitting with an average stack or slightly below at game time. Despite the average starting stack I like my chances in this specific sat tournament. I only need to place in the top 75 to win a $109 ticket. My poker skill-set seems to be well suited for games where the goal is survive to place verses tradition tournament play. While I enjoy the style I'm currently playing I will have to make some adjustments as to be more serious about building a sustainable bankroll that will lead to meaningful cashouts. Cashouts I intend on utilizing to build my Hive holdings. Holdings such as Hive Power, Hive Tokens, HBD, tokens found on TribalDex (powered by Hive-Engine).
_This is the second stop in the sat tournament cycle I been playing. Place in this one to be entered in a third sat that offers a ticket ($109 but varies)._
New Strategy Part 1
Aside from participating in a promo I won't be going near the cash tables until I build a sizable bankroll. I'll be sticking to sat tournaments and winning my way into any real money tournaments. I am going to come up with a small easily attainable number for cashing out. Example: once my bankroll hits $250 I will cashout $200. The remaining $50 will be seed money to rinse and repeat. I haven't decided on the exact cashout number yet. Since I won't be participating in cash games for awhile I don't need to hold much on the sites. This will allow me to create a poker bankroll outside of the sites wallets that I can dip into/ increase as time goes on. Once I get that bankroll to $XXXX I will go hunting for a site that will give me the best first deposit bonus/ make the deposit using the previously cashed-out funds and hit the cash tables to clear the deposit bonus.
Header for the final sat I'm playing tomorrow.
New Strategy Part 2
Keeping track of ones play is important for anyone who is serious about progressing in poker. For the most part I review my hands while I play. This helps with time restraints. I'm going to take it a step further and treat each site I play on as a separate bankroll. I'm going to continue my $0-$1000+ challenge but I will simultaneously make a small deposit on a secondary site to speed up my success rate. The deposit will be used for rebuys/addons in freebuy tournaments. Freebuy tournaments are tournaments that cost nothing to enter but after being knocked out they allow for a second+ chance for a set price. Addons are possible in the freebuys that I play that are worth 50X the starting stack. As you can imagine; switching to utilizing the addon is going to drastically increase my success rate in these micro sat tournaments. Addons are chips given to a player for a set price once the re-entry/rebuy period ends.
These two party sat tickets lead to the $109 sat I'm already in. I'll use them next week as the event they lead to takes place weekly. I utilized the $2.20 ticket as I created this post. Lost an all in with A 10 suited to K 10 off-suit.
Tracking Bankrolls
As stated above I'm going to treat each site as separate bankrolls. Since I'm going to implore a strategy that will have me cashing out amounts from each site I will need to properly track my success at each site. I will do that using the table below. Currently I'm playing poker from three different poker clients. Most my time is split between two but the third gives me daily freebies so I log in and utilize those freebies when I can. I haven't mentioned the sites I played on yet but I will in the future. I will also have a strategy that can be used to play for free and build a bankroll from it. Before I do that I need to build my Poker Forum. I haven't had much free time to do that. It's easy to play poker and multi-task other things. Same is true for creating a blog post. Building a forum however will require my full attention. I plan on putting aside a day next week to build the threads that allow posts to be created on forums. I'll likely use a free AI tool for images as placement holders. I'll put more permanent ones up once the site itself is fully built. I imagine that one full day of building will put a nice dent on what needs to be done.
Tracking My Poker Success
| Site | Bankroll | Cash Out |
|---|---|---|
| Site One | $18.36 | $0.00 |
| Site Two | $0.00 | $0.00 |
| Site Three | $0.00 | $0.00 |
| Site Four | -- | -- |
| Other | $0.00 | $0.00 |
| Grand Total | $18.36 | $0.00 |
Too many zero's
There it is above. The table that will track my success. I think I will screenshot it and use it as my header in this post. There's allot of zeros in there. I suspect by this time next month there will be significantly less zero's on the above table. I am considering creating a secondary Hive account for all my poker tracking but for now we will post it here on the @rentmoney blog spot. I'll give more thought to such after I finish building the poker forum. That's it for today's post. We hope you enjoyed it. If you are interested in poker or joining me on this journey hit the follow button. It will put our created content in your feed making it much easier for you to find. Thanks for visiting us here at the @rentmoney blog. We hope to see you at our next post.
Example of the tournaments I'm currently playing. $1.10 buy in / top 25 win $11 ticket to a mega sat. The mega sat leads to a real money game.
Example of a freebuy tournament. No entry cost (1000 chips) / 11 cent rebuy (5000 chips) / 11 cent addon (50,000 Chips). Top 50 receive $1.10 sat ticket.
The sat that I'm registered for. Starting stack 491,880/ current average stack 503,770. Top 75 win a $109 ticket to play in a $80,000 GNTD tournament.