The Fallacy of Bonus Whoring and Multi-tabling
I see a ton of posts about players who look to deposit anywhere from $500 to $750 at a site and grind out $25 NLHE games to get a $500 bonus or so. Then they find another site and do it again, rinse, repeat, and there seems to be a whole culture behind doing that. However, wouldn't it be better to focus your energy on moving up limits instead of clearing bonuses? If you keep moving up, you can make it to the $200 buyin games and make all that bonus money through daily winnings many times over. I guess if a player doesn't have the skill to move up, that would be a plausible explanation, but to automatically lock in @ $25 or any limit for that matter and not try to move up seems shortsighted.
Along those same lines, I hear about many players that love to multi-table anywhere up to 14 or 20 tables at once. I think the ability to multi-table is a huge benefit of Internet play compared to live play, however, I see two big drawbacks to excessive multi-tabling. For one, I want to play poker - get reads, play the player, play the situation, bluff, make a tough decision, put my opponent to a tough decision, and the like. When you multi-table more than 4 tables or so, for MOST players, you turn into a robot. You can't take effective notes. You can't get reads. You can't be creative. You can't grow. In addition to that, as it relates to the idea of this post, if you follow bankroll management principles and never put up more than 5% of your bankroll at risk at one time AND you play 14 tables or more, you're going to be well restricted below the limits you could be playing if you just played 1 to 4 tables. Again, wouldn't it be better to play a couple of $200 NL tables than 16 $25 NL ones? You could play real poker, learn, and, if successful, make good money, too and position yourself to move up to $600 NL and so on.
I personally plan to grind my way up each level playing poker until I reach a level I can't beat. Then I'll drop down, but I will keep working to beat that level. I would hate the idea of getting stymied at any level IF there were games available to me a level up. Through the law of survival, it WILL happen to all of us eventually, unless you make it to the big game @ the Bellagio, but I'm eager to see where I max out.
I'm not really concerned with bonuses or buying 4 monitors to run 16 games @ once. I think I'd like to get to the point where I can run 4 games simultaneously without sacrificing note taking, reads, or the ability to play the game the way I want to play it.
This is all just some food for thought. Maybe it's been discussed before. I wonder what others think.
Re: The Fallacy of Bonus Whoring and Multi-tabling
Quote:
Originally Posted by Jason
I see two big drawbacks to excessive multi-tabling. For one, I want to play poker - get reads, play the player, play the situation, bluff, make a tough decision, put my opponent to a tough decision, and the like.
Multi-tabling is all about maximising $ earnt/hour. If you could play more tables, without drastically affecting your win rate then you'd be making more money. So by not playing more tables to simply "make tough decisions" or "bluff" more etc etc, then you're the person losing out on $$
Re: The Fallacy of Bonus Whoring and Multi-tabling
Quote:
Originally Posted by Jason
wouldn't it be better to focus your energy on moving up limits instead of clearing bonuses?
The two are not mutually exclusive because you don't have to focus on clearing bonuses, you just move your growing roll every so often.
I bonus whored around when first building my roll and it helped accelerate the process of moving up sure, but the consequence was that I found myself moving up faster than my skill was so I ended up in very long frustrating break-even stretches at limits higher than I was truly ready for.
But whatever...bonuses from most sites are generally just rakeback anyway so I think you're stretching a bit trying to find something bad with them... *shrug*