Saturday, December 19, 2009

Good ol' Poker

It has been FOREVER since I have updated this. Since my last post I found a dime on the ground. I also played poker last night so I finally had a chance to put my new strategy into play (only using a maximum of 20% of my stake at any one time) My stake was $10, which means I could bet $2 in the first game, which I did. The buy in was $5, so 40% of the winnings go to the double project. We were trying to cram in 2 games in 3 hours as the babysitters were only available that long. The blinds were goinog up at a crazy pace. I slowly was losing my chips and eventually found myself at 1/2 my stack (700 chips) with the blinds at 100/200. The blinds were about to hit me which would have decimated me. I pushed with A9 and I got called by KJ. He ended up drawing out against me and I was out of the game. Boo. Luckily the next game started quickly as the last two players were married and agreed to split the pot. Next game, my stake was at $8, so I could only play with $1.60, which would net me 32% of the winnings. This game went much better. The key hand was being called all in when I already had top pair. From there I just bullied the table and it worked wonderfully. Winnings were $25. So, the stake was down to $6.40 ($8-$1.60) when I won $8 ($25*32%)=$14.40, which is a 44% gain for the project. Add in the dime I found and I am at $14.50.