Originally Posted by Robinsond
Thanks for all of the advice guys. I'm going to try out a few SNG's and see how it goes. Do you suggest the regular ones? ($1+.20 with 3 spots paying out 5,3,2) or the turbo's ($1.15+.10 with 4 spots paying out 5.20, 2.80, 2, 1.50)? Not sure which would be better...it seems as if the turbo's fill up much quicker on cake poker compared to the regular ones.
It's .10 less rake. At that level, it's not really worth thinking about. The weak play more than makes up for that rake. Both have about equal variance since the higher variance turbos award 4 places paid to offset (though my suggestion there is to ignore 4th place and focus on exploiting the bubble to propel yourself to wins).
If you really like turbos, Cake's definitely for you. Most of their regular tournaments are already turbos. Cake's SNGs don't fill as fast as other sites, so it would be best if you could play both formats, if you can handle multi-tabling, and sign up for as many as you can. If you had to pick one or the other, I'd probably stick to the turbos. Not because you're getting such a great break on the rake, but there are no $2.20 regular SNGs on Cake. You have to wait until $5.50 for a regular SNG with decent rake, unless you wanted to go to the double-up SNGs, which would require learning yet another format.
You're going to want to move up as quick as possible. As soon as you get to $40, you're going to want to mix in some $2.50 turbos. You can wait til $50-75, if you're planning on being really risk averse. You don't want to extend past your bankroll, but being able to add in $2.50s will allow you to up your volume and not have to wait for tournaments to fill. Of course, you'll want to hold off on those $2.50s if your br starts dipping.
Of course, that's if you decide SNGs are for you. And I'd give it at least 100 to make sure you like them. With your experience, you should be able to play at least that many before losing a significant amount of your bankroll, and most likely realize a profit that you can analyze, even on a small sample.
I am not going to tell you to shy away from ring games. Though I might steer you towards some limit hold'em. You can comfortably play LHE at .02/.04 on your BR for a long while, and you'll learn some pretty important fundamentals while you play, which might help you when you build your BR to be solid enough to jump back into the NLHE tables.
Good luck to you.