Plugging along

I havent had much time for online poker due to the holidays. This time of year is always busy with family and traveling and such. So, tonight is the first time in over a week I have played any poker online. My little break seems to have been good for my luck.

I sat up and played on Stars with my dad for a while. He refuses to follow any guidelines for bankroll management, and gets frustrated with me for not buying into tournaments where you can win "real money". Luckily, I now have much more discipline in that area. It makes it easier to stay disciplined when you see someone else who has none. I really want him to be more disciplined, but he cant seem to get the same rush from the smaller buy in tournaments. He actually did very well tonight, but because he took his winnings from the smaller buy in tournaments and bought into bigger ones, he only increased his bankroll by $6. He had two 2nd place finishes and a 3rd.

I, on the other hand had one 1st place and a couple small cashes and have increased mine by $160, and I am chip leader in my last tournament with 8 players left (money at 7th place). We really had about the same success tonight playing, buy my results show in my bankroll and his do not.

This is such a great illustration of why so many poker players fail. They always chase the big win, while the real winners at poker just go steady and slow. The good news is, he started to see the difference as we got to the end of the night. Although he wont stay within good bankroll parameters, I think he will do better than he has been online.

Happy New Year!

On the Rebound

If you have been reading along the last few weeks, you know I have had a terrible run. Finally, I have made a bit of a comeback. I amended my bankroll strategy for the Sunday million double shootout satellite tournaments. It is $11.70 to enter, and there are two seats guaranteed. Late at night and early in the week, these only get about 3o players. So, you are getting a good overlay as well as only having to beat 1 or 2 players to get into the second table. I played four of these tonight and won two of them.

In case you dont know, you can win these and then unregister and get the credit in tournament dollars. My bankroll is back over $500 and I am feeling good about the direction my luck is moving online. I will play a few more of these over the next few days and then covert the tournament dollars to cash in the 45 man sit n go's again.

Took a break from Online...

After my terrible run, I decided to take a few days off from playing online. It was far too discouraging to continue in that state of mind. I have been playing more live poker this week with a great deal of success, so I am hoping that will crossover back into my online play this week. I plan on playing quite a bit more and try to begin the rebuild of my bankroll. I will update after my next session.