re: Poker & 5$ on fulltilt
I'm normally a big fan of bankroll management, but at that level, until you build up your bankroll to at least $30-$50, I wouldn't think about doing anything except taking the whole amount and throwing it in a ring game and playing the best possible game you can.
My advice would be, if you feel confident enough, take the $5 and put it in a limit rush poker game
. Play until you have $10. Sit out, buy-in again for $5, and do that over and over again until you build up to where you want to be. Then you can think about playing SnGs or .02/.05 NL, steps, or whatever really floats your boat until you get to your desired bankroll goal.
The reason I suggest cashing out at $10 is that it limits the amount of money on the table that you have to lose. It doesn't seem quite so bad for limit versus what you could lose playing NL, but it's still a possibility. The more you can bank, the better.
I've never had good luck with the .01/.02 NL ring games, myself. Even when I'm playing at the top of my game, I seem to lose more than I win. But if you feel confident in your NL skills, you could always try it -- just remember to set limits for yourself (ex. buy-in for $2, cash out at $4 or $5).
Once your roll gets large enough, you can always follow the Chris Ferguson school of bankroll management. I forget the website, but there's a nice little calculator called the Fergulator that tells
you what to buy-in for and what to cash out at in ring games based on your bankroll size.
Also, in case you were wondering why I was suggesting rush poker, I personally think it encourages and rewards good, solid play. No need to play a marginal hand when you can just quick fold and be done with it. Also, I believe rush counts towards Take 2, so that avoids the whole issue of multi-tabling on such a small bankroll.
Anyway, that's just my two cents on the issue. Glad you managed to cash in a FT freeroll -- that's quite the task in my opinion. Use it wisely.