Sorry about the delay, work has gotten busy and it is harder to take some time and give updates about my bankroll building process.
I have been having a dilemma with Full Tilt about the size of their rake at $10/NL. Two times the other night I had a split pot that ended up costing me money. The rake of 10% for $10/NL with a $2 max is absurd. Deciding whether or not to move up to $25/NL, which has a rake of only 5%, has really had me perplexed. I had my mind made up until a fellow 2+2er made a comment that really hit home when he said something about playing with “scared money.” Playing with scared money means that you don’t take a lot of chances and that you play so defensively that you almost cannot make money. That really got me thinking about how I play and when I feel the most comfortable in my game.
Take my current bankroll on Full Tilt, for $25/NL it represents less than 3 buyins. Not that the dab of money I have on Full Tilt would cripple me if I lost it, but this just isn’t a good scenario. The last time that I played on FT I did move up to $25NL and I noticed that I played a much tighter game and really didn’t want to get my money in with close races. My stats were around 20/8/2, not too tight, but tighter than my optimal game. I did show a profit, but how can you not show a profit when you flop top boat and only play 60 something hands? My profit for this session was $8.75, which offset the loss that I had a $10/NL the session before of ($3.90).
Let’s look at Bodog, where I play with about 17 buyins. I noticed last night that I ran about 28/9/3, which is a very aggressive stat line. I’m not a maniac by any means, but that is still very aggressive. Playing in this manner is where I feel that I play my best game, I feel aggressive, and that I win the most money while playing this way. I'm also able to comfortably play 3 tables when I have this many buyins, whereas I am relegated to playing only 1 @ 25NL and 2 or maybe 3 at 10NL on Full Tilt.
I also went to the casino this weekend and found that I am still very protective of the money that is in front of me. I play with just over 7 buyins live, and could feel the difference in my demeanor. It might have had something to do with the style of play that goes on in a low-limit casino game, but this has been on my mind, so I noticed the difference in my style. I’ll post more about my live session in another thread, but I felt that it was worth noticing and mentioning.
What I have noticed from all of this is that besides protecting us from downswings, playing within our bankroll really helps in the confidence we have at the table and keeps us from making scared decisions.
Anyway, my Full Tilt roll that started from the $12 that Tworags.com gave me a month ago stands at $72.55.