Monday, July 17, 2006

Single Table Success

I have had very different success stories between online and live play.  Enough to warrant an explanation of how I approach the two.

I started out online like most.  It is easy and cheap.  I went almost directly to single tables (STs) and started winning.  As I won I moved up in buy-ins until I reached $50+5 where I have yet to cash in.  That means I spend a lot of time at $20+2 and $30+3 with respectable success.  I like STs because I know the maximum I could lose and how much time it will take.  The sexiness of multi-tables (MTTs) is tempting and has cost me quite a bit of money, but it takes time, patience and experience.

While all of my online play I have dumped quite a bit of money.  Luckily for me I have been working my way back steadily in live play at the Hard Rock Casino in Tampa.  They, too, have live action games, MTTs and STs.  I have never played the live action games there and have only played in maybe four MTTs (cashing in 4th place once).  My bread and butter has been the STs.

Their smallest table is $100+20.  That was a lot to me back in February when my wife gave me a $100 birthday gift to play in a MTT at Hard Rock.  I went out one day in March for the first time and busted out early.  Not one to give up, I hit the ATM and proceeded to play in four STs cashing in three of them.

I keep detailed records of all of my play and I cash out in over 50% of the STs I play in there.  I attribute part of it to the low limit fish and drinkers.  But in May I moved up to $200+$25 and kept up the pace.  And finally last week I moved up to $500+$35 and cashed.  So I can no longer explain my success, especially since it can’t be repeated elsewhere.

For now I’m content to make money on the STs until I get back to even for all of my poker losses.  I’m predicting two more month (end of September).  Last week’s big win sure did help!

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