SICK CASH RUN
by mjbern23 on 08/05/08
I know i said in my introduction entry that i gave up playing cash a while back after droping a good chunk of money in a short span a couple times and vowed not to jump on the tables again until i felt comfortable doing so...Well Sunday night i was reading some blogs and trying to come up with a better strategy going on eliminating the high variance that comes with MTT play...It really can be frustrating playing 4-5 hours and going deep into a tourny only to get knocked out with 20 or 30 left and only get maybe 5-10x buy in when 1st place is getting like 200-300x bi and those long grueling grinds just dont always seem worth it...To have a continuosly steady and growing bankroll u need to counter the large MTT play with some other form of game such as cash or smaller sng games...I had been a sng player b4 even getting into mtt's but never seemed to enjoy it as much and just didnt see the value of it at the stakes i was playing at...now granted i could play much higher stakes now with my roll than what i was then but decided, after contemplating several times to try cash atleast one more time...
So Sunday night i jumped on 4 1/2nl tables and after a 3 hour session finished on the plus side nearly $150...I was pretty happy with this as i generally was a losing cashe player but i think as my game has progressed my ability to adjust to cash tables has gotten stronger and felt like i understood the play and decision making more so in cash games than before...So i slept on the idea to play some more on Monday just to make sure that Sunday night was not a fluke and that i really did have a good feel for the game...So i jumped on 4 more 1/2nl tables Monday and once again had a great session profiting $235 in 1 hour!!!...The funny thing is i wasnt even really giving it my complete attention as my sister was at the race track and calling me every 15 mins to get a pick for the next race so i was really focusing on that while playing 4 tables at once and still found it quite easy to make a substantial amount in short time...
So i took a few hours off and tryed to think of a plan on how to try and incoporate both cash game play and mtt play together to maximize my growth potential and i think i came up with a pretty good plan for myself...I will play 4 tables of cash, while playing satalite tournys into major buyin tournys such as the sunday million or warm-up or WCOOP etc. for very small amounts and hope to get into some of the majors and take my chances there where i can get into a $215+ buy in tourny for under $25 so if i cash even just barely i am getting 2-3x the direct buy( for instance $500 for a $215 buy in for just a saty price of $15) which is a great ROI and will have the opportunity to have a major cash if i can go deep which i know i am capable of doing...At the same time playing fr cash games to continue steady growth of my roll...Looking at it i just dont see the value of the small to medium buy in MTT's $/hr wise compared to cash tables over a long term...
So later on Monday night i decided to try my plan and jumped on the 4 1/2nl cash tables along 3 satys 1 a $4r WCOOP ME $320 qualifier, a sunday mil $3r and a APPT 3r...Unfortunatly i didnt get tickets for any of the 3 finishing just 5 seats short in the APPT saty but only spent $34 in the 3 combined...However on the cash tables i put in a 1.5hr session and had my best session yet profiting $646 in just and hour and a half!!! Now i know that i cant expect to do this everytime and even know i will finish in the negative some times but in just 5.5hrs 4 tabling 1/2nl i have profited nearly $1,030 giving me a $186/hr rate...Neadless to say i have also earned over 1k in fpp and am nearly into silver status on stars and should reach gold by the end of the month pretty easily...
I really feel like this will be the best way for myself to build my bankroll while still giving myself the opportunities for a big MTT score for a cheap price...I would like to see how the rest of the week goes, and am attempting to put in a total of 20 hrs 4 tabling 1/2nl to see what my total profit and $/hr looks like in 1 weeks time to really access how successful this can be along with how my saty results are...
BTW, as i currently am, generally am writing these entries either real late and night half asleep or while doing several other things simultaneously at once so as a couple people have pointed out there may be small errors and mistakes in some of my words...i am not a great writer to begin with and am not proofreading these entrys so yes i know there are f-ups sry about that but i hope u atleast get the jist of what im trying to say...
So Sunday night i jumped on 4 1/2nl tables and after a 3 hour session finished on the plus side nearly $150...I was pretty happy with this as i generally was a losing cashe player but i think as my game has progressed my ability to adjust to cash tables has gotten stronger and felt like i understood the play and decision making more so in cash games than before...So i slept on the idea to play some more on Monday just to make sure that Sunday night was not a fluke and that i really did have a good feel for the game...So i jumped on 4 more 1/2nl tables Monday and once again had a great session profiting $235 in 1 hour!!!...The funny thing is i wasnt even really giving it my complete attention as my sister was at the race track and calling me every 15 mins to get a pick for the next race so i was really focusing on that while playing 4 tables at once and still found it quite easy to make a substantial amount in short time...
So i took a few hours off and tryed to think of a plan on how to try and incoporate both cash game play and mtt play together to maximize my growth potential and i think i came up with a pretty good plan for myself...I will play 4 tables of cash, while playing satalite tournys into major buyin tournys such as the sunday million or warm-up or WCOOP etc. for very small amounts and hope to get into some of the majors and take my chances there where i can get into a $215+ buy in tourny for under $25 so if i cash even just barely i am getting 2-3x the direct buy( for instance $500 for a $215 buy in for just a saty price of $15) which is a great ROI and will have the opportunity to have a major cash if i can go deep which i know i am capable of doing...At the same time playing fr cash games to continue steady growth of my roll...Looking at it i just dont see the value of the small to medium buy in MTT's $/hr wise compared to cash tables over a long term...
So later on Monday night i decided to try my plan and jumped on the 4 1/2nl cash tables along 3 satys 1 a $4r WCOOP ME $320 qualifier, a sunday mil $3r and a APPT 3r...Unfortunatly i didnt get tickets for any of the 3 finishing just 5 seats short in the APPT saty but only spent $34 in the 3 combined...However on the cash tables i put in a 1.5hr session and had my best session yet profiting $646 in just and hour and a half!!! Now i know that i cant expect to do this everytime and even know i will finish in the negative some times but in just 5.5hrs 4 tabling 1/2nl i have profited nearly $1,030 giving me a $186/hr rate...Neadless to say i have also earned over 1k in fpp and am nearly into silver status on stars and should reach gold by the end of the month pretty easily...
I really feel like this will be the best way for myself to build my bankroll while still giving myself the opportunities for a big MTT score for a cheap price...I would like to see how the rest of the week goes, and am attempting to put in a total of 20 hrs 4 tabling 1/2nl to see what my total profit and $/hr looks like in 1 weeks time to really access how successful this can be along with how my saty results are...
BTW, as i currently am, generally am writing these entries either real late and night half asleep or while doing several other things simultaneously at once so as a couple people have pointed out there may be small errors and mistakes in some of my words...i am not a great writer to begin with and am not proofreading these entrys so yes i know there are f-ups sry about that but i hope u atleast get the jist of what im trying to say...
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