Thursday, January 20, 2005

Crossroads, again.

Ethan: You know, I'm this close to buying one of those knockless doors. You know, the big rubber ones.

That quote is from Ctrl-Alt-Delete, a web comic that has been around for a few years but I have only just found. If you are a fan of video games, check it out. Gave me a laugh and I have read the entire archive in the past few days.

I have come to a cross road in my little quest here at Poker On Film. How should I play? Except for one hand, my limit play has absolutely sucked. So shoudl I continue on no-limit play then? Sure, but I can't afford to go higher really that the 25NL tables, and last time I tried that I think I lost something like 7 buy-ins in a row. That hurt my little bank roll. So what about tournaments? Well, I left myself $100 at Pacific to play in the tournaments, but during the week the only ones I can play in a $5 fast tournaments, where I end up doubling up early and then going all in on a mediocre hand because of the high blinds. Through this I have whittled the stack down to $35. The really good tournaments at my level ($10 are best for me, but I will dabble in $20) are only on Saturday and Sunday mornings - and our weekends are already booked out for the next month and a half.

What about the casino challenge? I firmly believe the variance is too great and the "expected value" from Scurvy is at the higher end of the scale. While I did get above it in some cases, it was from breaking the rules and betting $100 on a hand or from sheer luck that they waved the WR for me. Don't get me wrong, when I started the challenge I had $100 invested and now it is $400, but some referral bonuses are included in that and I think I have risked enough of it. Besides, all the casinos I have left to hit are the higher risk ones and there is a goo dchance I could walk away with nothing.

The other major problem I have is the wedding. The disraction and I have decided to have the wedding in my home town to save on the costs. We had a budget in mind, confirmed with each other, and set along our ways. Last night, after the distraction allocated a cost to everything she wanted, the budget had been blown out by 50%. That's a big price explosion. I had a look at the budget and had it back down to where it should be in five minues (table decorations, $800? Try $150. Disposable cameras on every table? BYO. I mean seriously, why do we need to spend $500 getting personalised little boxes to hold some lollies? Cross that out too). Even with my grand budgeting skills, we need help. I need to make some winning moves, and you can imagine how good playing with all that in mind goes. Yep, definately a good way to start out a game. I have considered pulling the $400 out, but it really won't put a dent in it. I have also considered going back to Party to try the jackpot tables, because if the jackpot hasn't gone of yet (and it probably has by the time you read this), the play should be pretty loose. And who knows, I may even be the one that hits it. But my limit play really sucks, and with $400 at $2/$4 level, I really can't afford much variance.

The smart thing to do would be to grind it out at .50c/$1 tables and learn the limit game. I may just wait until my Pacific account is dry to decide though. I did finsh 65th out of 400 in a $2.50 tournament though. Average stacked, I went all in with the jacks against the chip leader who had AKh. He had the flush by the turn. Thi shas happened a few times for me lately, I guess the 50/50 will have to fall my way eventually.

Big congrats to Double A's and his mightly tournament win. Wow, these blogger's keep the big events coming. On a non-poker front again, I have some exicting news on the work front. For the first time in a long time, I have something to be excited about at work - a store opening. Now a store opening itself is not a big deal, I have been organised 4-5 since I started. But this one is different. I am going to organise for us to break a Guiness World Record on the day, and it got approval from my boss just yesterday. Woo Hoo! I've always wanted to be a GWR holder, and now I get the chance. I'm not allowed to say which record we are having a crack at, and I won't even know the full details for us to qualify until next week but from what we can gather, it is very doable. I'm looking forward to posting more about this later.



ScurvyDog said...

I can definitely relate to finance-fueled wedding anxiety, having just been in the same boat. The biggest piece of advice I can give is, at a certain point, accept your fate. For me that meant biting the bullet and taking on more credit card debt than I'd have wished. In the end, it was more than worth it. You only have one shot at these things and it really is money well spent, given the happiness it produces for everyone involved. And that smarmy sentence I just typed is coming from a confirmed, non-emotional tightwad who hates paying for anything if I can avoid it.

As far as actual advice, don't chase bad beat jackpots and don't, don't, don't start playing in big MTTs or SnGos. Don't do it. You have a nice bankroll and can use it to make nice, steady money. Don't blow it chasing long odds.

This partially depends on the time you have available, but if it was me I'd consolidate all your bankroll monies and chase all of the Party and Party skin bonuses, playing two or three 1/2 6 max limit tables at a time. Party/Empire/PokerNow/InterTops all have nice $100 bonuses that you can clear in a day if you multi-table and have 3-4 hours to play. The Crypto sites all offer decent monthly bonuses that you can clear in a day. Individually they don't seem like a lot but collectively they add up.

Grinding at low limits ain't exciting nor sexy nor will it ever provide a huge individual payday but it is profitable, if you're a good player (which you are) and have an adequate bankroll to take advantage of all the bonuses out there (which you do).

Heafy said...

Eh, I go through this stage every month or so. I guess I'm lucky enough to have built a small bankroll from zero, and I've already withdrawn $400 or so. i know that's not much compared to all the other blogger's I read, but it means something to me. I see what I can do.

DuggleBogey said...

Duuuuuuuuuuuuuuuude. Ctrl-Alt-Del fricking rules.

Pretty much wrecked my entire workday yesterday. Good job!

Dr. Pauly said...

Hey good luck with GWR!

doubleas said...

Thanks for the mention.

Good luck towards the record.