Decision Time. FTP... should I stay or should I go?
I had outlined a grand plan last January for my poker play in 2011 that would take my $0 and turn it into $5k+ by the end of the year. Things so far are progressing well across several sites and from free starting capital promos, freerolls
, and cash grinding my combined bankroll is now standing at $1300, with about $700 of that on FTP.
However, part of my plan involved an initial deposit to FTP in June (this month) from my winnings on other sites. I initially was hoping to make a $500-600 deposit to take advantage of the first-deposit bonus, which I was going to time to coincide with the Iron Man mid-year bonus so that I could get the most bang for my buck out of something like 60-70% rakeback during my play in July/August. That kind of rakeback is hard to pass up, and I've also built up my Iron Man months up to 6 consecutive now.
I also quite like the FTP software and Rush games, and coupled with good player traffic, rakeback, Iron Man, and the Academy points gives me lots of incentive to stay with them.
Enter Black Friday.
Obviously, my confidence in the company is a little shaken with recent events and all the people looking to get their money off the site as fast as they can.
Just how foolish of me would it be to go against the grain and deposit on Full Tilt this month according to my original plan? What are people's opinions on Full Tilt going under in the next 6-12 months and taking any and all funds that are in their accounts currently with them?
I mean, 70% rakeback is super sexy and all... and was probably going to be a pretty significant part of me being able to hit my $5k target for the year. But is putting my entire bankroll or close to it on FTP right now akin to betting it all on a single hand?