
Well to those that e-mailed/messaged me about my last post thank you…
Now moving on to bigger and better things. Well at least that is the goal. I have spent a lot of time thinking about where I am as a player and where I really want to be. I decided that I was or have not been regularly at the level I want to be. I came to the conclusion that I want to really make a go at the MTT’s on Full Tilt and mainly the $26 and above.
Now that’s great that I know where I want to be, but can I do it? I am not a delusional person so I know that my current bankroll would by no stretch of the imagination be able to withstand even a slight downswing at my requested level of play. That means I have three options available to me. I can:
1. I can say screw it and take a crack at it anyway.
To be honest I really considered this. The money I currently have online is not life crippling money. I could easily in a paycheck or two redeposit and go at it from a different angle if I did not succeed. The problem is I would be going against everything I learned about bankroll management, and even would probably not be playing my best as the money would mean SOOO much to my bank roll.
2. Grind out micro MTTs until properly rolled.
Not really an option TBH. The variance in the lower levels is so high, and I honestly believe the bad habits that I would invariably pick up would just hinder my chances even more.
3. Formulate a plan that can let me build a decent roll in 6 months time.
Why 6 months? Well as usual I have more than just one reason.
First, I don’t want to be unrealistic and think I can make the roll required to play at the medium MTT level exclusively in a short period of time.
Secondly, six months from now I will be testing for promotion and want to put forth some real effort at making it this year. Last year I did not even try and was kicking myself when the scores came out. If I make it this year I am still well ahead of the power curve and then only have to make one more rank to be able to apply for the job that I ultimately want to finish out my career.
I chose option C and started working on coming up with a viable plan to make some real money in the next 6 months. I started looking hard at the token satellite tournaments on Full Tilt Poker and decided to base my plan around these tournaments.
Ok then here is my plan. I am going to set aside $261 of my roll which I won’t lie is a HUGE chunk of my entire roll. With that money I am going to play 30 $8.70 18 man satellite tournaments for a $26 token. Now once I have managed to do that I am going take the tokens I win and play the $26 satellites for a $75 token. After that I will play $75 satellites for $216 tickets which I will unregister from for T$.
Hopefully after my first set like this I have managed to cash in 2 of the $75 satellites. If I manage to accomplish this the rest of my plan will go into effect.
First off I will sell 1/4th of my T$ for safe keeping and then play however many of the $8.70 Satellites I am able for the amount of T$ I have left. I then plan to save back 1/5 of the tokens I win and play $26 satellites with the other 4/5. So if I managed to win 20 tokens I would keep 4 tokens back. And play 16 $75 satellites, and then do the same for the $75 satellite tokens. The idea is I can put some tokens back when I run into a dry spell I will still have some tokens left over to try to make a recovery.
The other consideration is if I place 6th as the 6 place finisher gets about a 2/3 buy in profit. The plan is if I place 6th in an $8.70 satellite I will take the $14 and play a $13.75 HU sat for a $26 token. If I place 6th in the others the prize will just be added to my bankroll. As with any other crazy idea I have had I will keep all of you posted with my progress.