Wednesday, December 8, 2010

Busted!

Well that was fast.

I placed barely out of the money in four (4) tournaments in a row.   Leaving me with a mere $0.21.      With only $8 to start the month I knew that I was taking a huge risk by playing the $2.00+.25 SNG's rather than the $1.00+.20 buy-in's.     I simply couldn't justify the larger rake they take from the $1 games - 20% vs 12.5%.

Now I'm effectively busted.     $0.21 isn't enough to buy into any SNG at Full Tilt, nor is it enough to buy into a cash game; even the smallest.    They require $0.70.

There are still a few options, though none of them are particularly attractive.     It looks like I'll have to start playing freerolls.    Large mutli-table tournaments that have no buy-in, but still pay cash prizes to the lucky few.     They are long and difficult.  

Nobody said the path to $1,000,000 would be easy.

Here goes...

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