1 Million Playchip Model
I was asked what the Million Playchip model was and since I don't remember ever reading anything specific about it, I don't remember if it has ever been formalized into a coherent 'model', but if it had, I'm fairly sure it would go like this;
Figure out how to earn 1 million play chips via online poker.
That's really all there is to it.
While figuring it out you will have to go thru all the poor play at the worst levels of online poker. At some point you WILL LEARN PATIENCE! That is when you will be able to play the higher level play chip games where actual good poker begins to appear. The play is still lotto like, but less lotto like than at the cheapest levels.
You could begin to also start thinking about bankroll management. This will occur almost naturally because you have set a goal of 1 million playchips, and quickly learned that 72offsuit is never an all in hand.
You will take chances with that bankroll in the early stages of this model. You will win a lowest level game and then move directly to a bigger buy-in, and hopefully a little saner game. You will fail often, but in the SnG's you still might increase your bankroll of playchips and once you can regularly play the 10K buy-ins you will see that your game has improved remarkably at no out of pocket cost to you. This is not something a new player can do in an afternoon. I doubt there are many good players could do a min (what each site starts them with) to 1 million playchips in a day. I just noticed that Full TIlt has a 1 mil 2 table SnG that is almost full. Think I'll rail it.
The 10K games are decent. You will still run into totally terrible play/players but sometimes will see that those plays and players are really not bad, they are trying something out to improve their game.
So, once you get your bankroll into the half million range you could fairly reasonably decide you are ready for real money
poker. You are.....sort of.
If you hang in there and play without the scared money aspect you will face in real money games, you will learn things that will cost you real money in cash games but will be free to learn in play money games.
So if you can, stick to the goal of 1 million play chips before moving to real money.
There are folks who only play play money and have amassed 100's of millions of play chips. Boggles my mind truthfully. I'm sure they are learning stuff, but it seems they are learning unprofitable stuff.
So the million playchip model should allow you to move to real money games and be about a break even player at worst. But a knowledgeable player who has learned patience, and hand selection, and position and with the help of Poker forums
and book study may have progressed much further, and faster, at less out of pocket expense, then the fish who throws paycheck after paycheck at a pipe dream.
Thanks for this question;
Originally Posted by prepare
what's the million play chip model
I was reading through a thread and I saw your post on here and you mentioned it
Im just wondering what it is?