Tuesday, December 07, 2004
A stupid idea
Obviously, I need to do better to beat out McDonalds. But not much better.
This weekend I decided to try my hand at tournaments. On Saturday I entered a $6 tournament with about 300 players. I finished 279th. Tried again Sunday with a slightly bigger $6 tourney - 350 entrants - and made it to 130th or so.
Tonight, $6 entry fee, 390 entrants, 5th place. And, damn, I had 9 outs for an ace high flush at the flop and would have been 2nd biggest stack if I'd hit it. Anyway, I won $90 which means that I'm up about $130 since Friday.
Just for the record, I'm a nerd. So, yes, I did some studying between each tournament attempt. The main thing I needed to do was slow down the betting strategy I've been using for limit poker (I adopted it about 3 months ago and, I've got to tell you, it has absolutely transformed my game).
Anyway, here's what I'm thinking.
PokerRoom, where I play, has two $0 entry tournaments every weekday and a $1 tournament every Saturday. I figure I can take a week or two during the break and play in all of those and then spend the time in between playing limit games to earn the entry fees for higher dollar tournaments. That'd allow me to play in something like 20 tournaments a week. If I won just one then I'd have an income comparable to what I earn as a teaching assistant.
And, hey, I'm not saying I didn't win some coin flips in tonight's tourney. I did. But I also lost a bunch of coin flips. The thing is, I didn't have much trouble winning back any money that I'd lost. Seriously, at the low dollar tournaments it's criminally easy to steal blinds. It's especially criminal after the blinds have escalated.
Here's the worry. I've noticed a weakness in my game that doesn't get exploited in the earlier rounds but which hurts me once the dead money has cashed out. I'm pretty confident that I can finish in the money fairly regularly, not so confident that I can win, place, or show. It's all about the balance between aggression and recklessness, and I'm not sure that I can navigate it well enough to improve my results.
Oh well. What else would I do during winter break? Work on my dissertation? Pah!