Change of Plans
I've been reading a bunch of LLSNL and PG&C threads, and I think my situation might warrant a little bit of a change to my overall strategy. Considering my situation (regular job, limited time to play, no real worries about busting my bankroll), I think I'm going to try to work in some of the approach that
dgiharris used in his PG&C thread.
So, how things will change is as follows:
- If I'm up more than 150 BB for the next level game, I will allow myself to take a 100 BB shot at the higher game, either on the same day or during the next session. If I lose those 100 BB, the session/day is over.
So, in practice, here's what that might look like (assuming I'm at a place with $1/2, $2/5, and $5/10 NL games):
- Let's say I'm playing $1/2 NL, and find myself up $750. I can take $500 and play $2/5 NL. The $250 additional is locked up as profit.
- If I bust that $500, my session is over. If I find myself up $1500 in the $2/5 game, I can take $1000 and play $5/10 NL. The $500 additional is added to the $250 that was previously locked up, and I'm now playing with $1000 at $5/10 with $750 locked up as profit for the day.
- Shot-taking based on this structure can only occur within 3 days of the original win. So, if I play $1/2 on Tuesday, win $750, and want to take a shot at $2/5, I can't wait two weeks or something to do it. Once 72 hours pass, my shot-taking chance is gone.
- For tournaments, I can play a tournament with a buy-in up to 30% of my previous three sessions' total profit. So, if my previous three sessions are +$500, -$150, +$650, I can play a tournament up to $300 total buy-in. No time factor here.
I think this approach, while more risky, will work well. Here's why:
[ ] No taking poker profits to the pit to try to make a big score.
[ ] No moving up when losing or running bad.
[ ] Opportunity to make the most of running good, playing well, etc.
[ ] Opportunity to play some larger tournaments when things are going well.
Anyway, that's the plan. In about 36 hours, I should be seated at a $1/3 table in Cleveland. Looking forward to the next session.
Last edited by M'Tuna; 10-24-2017 at 11:01 AM.
Reason: Typo.