Monday, August 07, 2006

Lessons learned.

Too bad for me I didn't do a bit more studying about bankroll management. Chalk up an expensive lesson.

In getting up to $450, I played very well and got fairly lucky. A very good combination in poker. However, I think I attributed more of my success to the former and not enough to the latter, so I jumped up and started playing the more expensive SNGs.

Many stupid plays and bad beats later, I'm back down to around $100. The frustration of this losing streak (I've cashed a few times, but not consistently) led me to do a lot of research about the game, SnGs in general and bankroll management. I think I realize some of the mistakes I've made and am going to downsize to the $5 SnGs until I get my confidence back. I also think that the lower level of competition down there (and the willingness of people to chase draws) will make me play a solid, tight-aggressive style and get that style ingrained into my bones.

My basic strategy has been to play tight early and play in position unless I had a top hand. Later in the games I would begin to raise in position. Since I was very often the large stack I'd steal blinds and generally make sure my bankroll grew as the blinds increased.

On the latest downward spiral, it seems like every time I attempt to steal blinds I get reraised. You can only do that so often before you're under 10xBB and are in an all-in-or-fold position. I can play from behind and have had many successes doing so, but it certainly isn't the preferred option.

It also seems like I have had very few playable hands and when I do either I collect very small pots or someone has a better one.

I also feel that I'm going a lot of guesswork on tracking my game and am going to start using some stat-trackers so I really have a good idea as to what my strengths and weaknesses are and how to either address the weaknesses or play away from them.

For anyone who is interested in learning how to play better in SnGs, I'd strongly suggest DavSimon's excellent (and long) breakdown of how to master the Sit N' Go. I'm barely half way through it and it has given me a lot of food for though.

I'll report back in a bit to see if I've actually made any progress ;)

Jeff

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