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DoanDiggy
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10-11-2008, 07:37 AM
Post subject: Moving up prematurely because of SNG buy-in fee?
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#1 (permalink)
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Flush
Join Date: Oct 2008
Posts: 536
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Is this a terrible idea? I played a ton of play money SNGs where I had success, so I deposited $50, I've played less than 20 games (most of them in an impaired state  ), and I'm currently up $2.30. I've been playing strictly $1+.20 games, but in looking at the buy-in fees for other levels, this seems really high. The next step up is $3+.40 (3x the prize pool for just 2x the fee) and then $5+.50 (5x the prize pool for just 2.5x the fee).
I think playing the $5+.50s would be a horrible idea since it means that I have less than 10 buy-ins, and it probably represents a pretty big jump in player ability. With the $3+.40s though, I have slightly more than 15 buy-ins, and I'm (perhaps inappropriately) confident in my ability to win at that level.
In the $1+.20s, the buy-in fee is 13.3% of the prize pool. In the $3+.40s, it's 12.6% of the prize pool. Is this enough of a reason to move up prematurely? If 15 buy-ins is simply too early, would 20 or so buy-ins (about $65) be reasonable?
I'm not advocating moving up early in general, and especially not at higher stakes. I think that this situation, though, is one that at least warrants consideration. Of course, if I would get down to around $30 or so, I would definitely be forced to drop back down to the $1+.20s and build my BR back up.
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Kbryce23
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Straight
Join Date: Jul 2008
Location: Michigan
Posts: 152
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I used to think the same thing when I was playing the 3.40 games and that the 6.50 was only 10 cents more buy in fee but twice the prize pool, but Bankroll management should be followed and plus IMO the horrible players in the lower buyins makes up for the extra fee.
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donkbee
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WELP
Join Date: May 2005
Location: so close but so far
Posts: 3,604
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Don't underestimate having an adequate bankroll. You can take shots if you want, but you must be prepared to move back down really quickly if you lose a couple buy-ins right off the bat. I would try to get to 20 buy-ins before you try the $3.40s.
The point of adhering to bankroll rules is preventing yourself from going bust. If you can afford to reload your account if you lose all your $, play whatever you want. If you don't want to reload, be smart and have lots of buy-ins.
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Quote:
Originally Posted by Fnord
Why poker fucks with our heads: it's the master that beats you for bringing in the paper, then gives you a milkbone for peeing on the carpet.
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donkbee
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WELP
Join Date: May 2005
Location: so close but so far
Posts: 3,604
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p.s. don't play while drunk
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Quote:
Originally Posted by Fnord
Why poker fucks with our heads: it's the master that beats you for bringing in the paper, then gives you a milkbone for peeing on the carpet.
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DoanDiggy
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Flush
Join Date: Oct 2008
Posts: 536
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Good points, both of you. For some reason, I hadn't considering the idea that the difference in skill level would make up for the additional fee. I will aim for getting my BR up to about $70 (over 20 buy-ins) before moving up to 3.40.
And I definitely plan on not playing drunk in the future, except maybe just for fun at really low stakes.
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oskar
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4-of-a-Kind
Join Date: Apr 2008
Location: in ur accounts... confiscating ur funz
Posts: 2,452
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The thing is when you're just starting out you will likely be a loosing or just marginally profitable player. Player lower is loss control. You can play more hands cheaper, and you won't mind loosing 10 in a row (will happen). If you beat the $1 and $3 tourneys consistently, you'll move up in no time anyway.
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bjsaust
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Straight Flush
Join Date: May 2007
Location: Ballarat, Australia
Posts: 5,842
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Move up aggressively, but not stupidly. I'd definately play the $5.50s with a $100 roll, but not with a $50 roll. You pay 20% rack at the $1.20s, thats enough of a reason to move up sooner than you normally would.
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Just playing to improve.
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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If you can't beat the rake at $1.20s then you can't beat the players at $5.50s.
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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