Raise or Fold:  A Year of Risky Business

Writing and playing poker as if they were activities worth doing well.

Sunday, October 26, 2008

Day 68: You Win Some...

...you know how that story goes.

But really, 80% (give or take) of the battle is not letting the whole variance thing drive you insane. I'll have losing session after losing session, online and live, and then a little turnaround will happen and I'll make it all back and a bit more.

After a few days of losing multiple buy-ins, I sortied once more to the Crime Scene game, where I had a very nice run and returned to positive territory on the week for live play. Now all I need is to do the same for my online 'roll.

I did manage, at least, to grind my way back to SilverStar status, having lost it in September. It's not clear to me whether or not VIP points will ever amount to any actual scratch, but I do imagine that if I ever manage to start playing for more substantial stakes online it might offset some of the overhead of rake.

Harrah's offered me a free room for two nights in AC this week, so I'll be heading up there on Tuesday. It'll be interesting to see if my results playing 2/5 continue to be good. I'm a little worried that the mid-week crowd may be mostly tougher regulars rather than tourists or casual players. But how much scarier could they be than that table at the Venetian?

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Blogger El Forrest Gumpo said...

I'm also Silverstar. Every 5KFPP's I trade them in for $50. I am tempted but the Monthly turbo takedown which looks very juicy.


10/27/08 4:28 AM  
Blogger PAPro_SandMan said...

Good luck in AC!

Well noted on the 80% comment. I am, unfortunately, losing that battle at the moment.

10/27/08 4:50 PM  
Blogger Fred said...

There's a big difference in how much you get back for the different prizes for VIP points. Taking the straight cash rewards you significantly less than, say, tournament entries. (Assuming you value tourney fees at the same level as the equivalent amount of cash.) Tourney entries are some of the best value for VIP points.(Which makes sense, since it is, to Pokerstars, just about the cheapest thing they can offer you and helps keep their tourneys going.)

In your situation I'd recommend saving up points, ignoring you have them, until a larger event like the World Championshiop Of Online Poker (WCOOP) Pokerstars runs. Then buy into a few interesting looking events with VIP points.

It's not REALLY violating bankroll managment, except that it is, but it gives you a shot at a decent payday without risking a negative dive in the bankroll (assuming you were basically ignoring VIP points in previous 'roll assessments).

2/25/09 1:04 AM  

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