Wednesday, July 9, 2008
LOLdonkaments
I took a short break from cash games over the past few days and decided to play some Multi-Table Tournaments (MTTs). I did this partly because I wasn't running that good in cash games (- $2.4k below expectation in all ins) and because of a promotion Pokerstars is running. Pokerstars has a "2x" promotion this month, where they decide to double something on their site. Well, this week they happened to double the guaranteed money in the MTTs so I figured I'd give them a shot.
I've had some success in MTTs during my first two years of playing poker, winning $9.3k in a $10 rebuy on Stars, getting 5th in that same tournament before as well for $3.3k or so, and finishing 30 something in the Sunday Million for about $3k.
My friend, Bill, also played some MTTs at the same time as me and I ended up staking him for about half the tournies he played.
I ended up playing in 14 MTTs over the past two days and ended down about $250 despite going quite deep in two tournies. I'm down about $700 total after adding in the money I spent staking Bill and watching him lose almost every big all-in hand (each time as a big favorite or just losing a coin-flip).
I made it to 40th place out of 3,474 players in the $10 rebuy on Pokerstars last night... this one was pretty frustrating as I tried to steal the blinds with 98o and got called by the Big Blind who had 88. First place was something like $20k... so yea, came pretty close to winning big.
The other one I went deep in was the $100 freezout MTT on Pokerstars ($50,000 guaranteed prize pool) and I got 28th place out of 810... again I jammed a mediocre hand (A6o) to steal the blinds and got snapped off by 88 again and lost.
I now remember why I don't normally play MTTs anymore... they are a waste of time, money, and effort. I played OK in most of them, bad in a few, and great in a few... and ended up losing money for my two days' work. I have a lot of respect for poker players that are able to make a living from online MTTs, as it seems like it would be very difficult to make a consistent source of income and show a solid profit.
I may play the Sunday million this Sunday, because that tournament's guarantee is also doubled now ($2 mil)... other than that, I think I'm done playing MTTs for a while.
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