Thursday, November 10, 2005

SNG and Publishing Update

10 NOV 05

Boring stuff to just about anyone but me, but here goes:

Buy-In: $15.00/$1.00 - 18 players
4th place. $27.00
Buy-In: $5.00/$0.25 - 4 players
1st place. $20.00
Buy-In: $15.00/$1.00 - 18 players
1st place. $108.00
Buy-In: $15.00/$1.00 - 18 players
4th place. $27.00
Buy-In: $15.00/$1.00 - 18 players
3rd place. $54.00
Buy-In: $11.00/$1.00 - 45 players
6th place. $29.70
Buy-In: $11.00/$1.00 - 45 players
6th place. $29.70
Buy-In: $15.00/$1.00 - 18 players
2nd place. $81.00
Buy-In: $11.00/$1.00 - 45 players
6th place. $29.70
Buy-In: $15.00/$1.00 - 18 players
4th place. $27.00
Buy-In: $15.00/$1.00 - 18 players
1st place. $108.00
Buy-In: $11.00/$1.00 - 45 players
1st place. $153.46

That’s $694.56. Not too shabby. Of course, it’s meaningless unless you know what I spent for all tournaments entered (including those I didn’t cash in). I can tell you that my bankroll has climbed, so my tournament play is clearly +EV. In the future, I’m going to change to the Drizz format and just state total gain/loss.

It occurred to me that online poker has given me a scary gift. Most poker pros probably get this knowledge after years of the tournament grind. I’ve gotten it after less than one year of play. It’s this – make good decisions and you will win in the long run. Bad beats, and even bad moves will take care of themselves. Doyle said it best. He was talking about the play of individual hands when he said that he stabs at smaller pots and wins quite often. This allows him to take bigger chances when he may not have the best hand because even he is supposed to make his share of draws and suckouts.

I’m applying this same attitude to tournament play, and it’s done two things:
1. It’s allowed me to make more aggressive plays closer to the money, and
2. If feel less bad when I don’t hit.

That coupled with a plump bankroll has given me a lot of confidence, and confidence breeds winning.

Final thought: There has been early and positive interest in my publishing idea. Please keep your thoughts and ideas coming (and next time post them on the blog – don’t be shy!). One idea was to pay the writers up front AND offer some kind of royalty. Good idea. My new plan is to distribute 50% of the net profits to the writers. What’s not to like?!?!

3 comments:

skitch said...

Hey man, you've obviously got a lock on these smaller tournaments... you should really give the PJ Pocket's tourney a shot. At $45 a pop, with 20-30 people, first place ranges from $500 to almost $700.

Drizztdj said...

Tourney's are NOT +EV... at least to me :D

Great run Doc!

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