Well as you may have read in my most previous blog, I indeed did go busto.
I'm back now. Properly focused and starting to delve deeper into the game.
I've had a lot of time thinking about why I busted and I truly believe it was not poor play alone. Sure, there is going to be bad play; but I do not think this was the primary cause.
Twas' mainly bankroll management. At one point I was going so high up in cash games that I was sitting with over 50% of my roll at the table. Sure - I was lucky enough to kick arse for the first day or two... but then I convinced myself that I could handle the pace at the higher stakes. Pfft. ^^ = busto.
Started things off the other day with $200 on FullTilt… amped to get my feet wet in the SnGs. It was a shaky start, but I think the ball is rolling now.
SnGs
Buy-in $5.50
Payouts $22.50 $13.50 $9.00
1st 3
2nd 4
3rd 3
xxx 9
Played 19
ROI% 42.11%
ITM% 52.63%
Net Profit $44.00
The plan is to slowly build as I work towards the 10+1 SnGs. I've kind of said to myself that I am only moving to the next level once I have accomplished the following things.
1/ Build up ~35 buy-ins (Little less then $400 - NOT including Rakeback and bonuses)
2/ Play about 100/200 5.50SnGs with a steady ROI% of 15%/20%+