Monday, June 19, 2006

Bank Roll Update 6/19: Scared Money.

I had a pretty good run the last week on Full Tilt Poker, I ran it up to $600. I'm pretty happy with the results and I feel pretty comfortable on the 0.25/0.50 NLHE tables and sometimes I take a shot on the 0.50/1.00 NLHE tables. FTP updated their software to create a custom listing of tables and I choose to display at a minimum the 0.25/0.50 NLHE and up to 1/2 NLHE games.

Scared Money
I went up to Black Hawk this saturday night and I played at the Gilpin casino. I went up to play a C-note ($100 buyin/$100 rebuy) tournament at 7PM. I got there a few hours before hand so i played a 2-5 limit hold'em game. I was up $40 in that game after 1.5 hour of playing but I made some big mistakes.

I was gathering up my chips and I looked down to see pocket 77's, I called the $2 raise and then the $5 re-raise. There were 4-5 callers, so I had the correct odds to call. The flop came 45K and I bet out and I got re-raised so I folded and left the table. I should have either folded pre-flop or not raised after the flop. It was a dumb mistake that costed me $10.

C-Note Tournament.

I did okay in the tournament, I wasn't getting any cards so I had to let go some good calling hands pre-flop to a re-raise. I let go KQs in UTC after a re-raise and some other games. I called a all-in with another caller with QTs in the BB because it was only 2BB's to call. I hit a Q on the flop check check and a K hit on the river. The all in tripled up with a pair of Kings. The table was pretty loose aggressive, so I was looking for spots to put some pressure on other people, so I wouldn't get pushed around. I called from the Blind with A8d, The flop came two diamonds, I check raise all in and got a pretty aggressive player to fold. My last hand, some guy in middle position who was very loose aggressive raise 3-4 BB, I knew he was weak and probably just had an Ace or small part and just wanted to pick up the blinds. I went all in with AJs, when he thought about it for a while, i knew I had him and he called with A4s. He sucked out with an 4 on the turn and I was out.

Later

I went back to the limit hold'em table and the game was very loose. Money was just being poured on the table and I wasn't picking up anything. It's more easy to play a tight aggressive style in NLHE, because you can pick up 20-30BB in a pot if you wait for good cards. I didn't open up my game and I was lost. I need to revisit SSHE some time and review how to beat this game.

The main thing is I was 'scared money' I was putting up 30-40% of my live bankroll on the table and I wasn't willing to gamble it all. When you have 5-10% of your bankroll on the table, the risks are smaller. I really want to bet that game up there, but I have a lot of work and reading to do to do that.

Current bank roll
Full Tilt Poker: $601.90 + 1/$26 satellite token
Pokerstars: $117.44

Live: $150.00