FTP Points = New Bankroll?
I had about 5500 FTP Points. I now have over 6400 ftps. But because of rakeback, I thought I couldn't spend any of them. But when I read about how I can use ftp points to enter satellites or tournaments without getting my rakeback deducted as long as prizepool are in ftp points, such as daily dollar 50ftp satellites, I thought it was sweet and try it out.
I entered 4 50ftp satellites and won all 4. So I was automatically registered to daily dollar + 600 ftp points(profit of 400 ftp) and none of my current rakeback was deducted.
Daily Dollars are small tournaments. But I figured that there must be bigger tournaments using this same structure. I found out that there's sng(9-player) of 300ftp buy-in where winner gets registered to 2500ftp 750k satellite(top 100 enters 750k tournament($216 buy-in)). I decided to temporarily quit cash games and real money
tournaments and try it out. Grinding 50 ftp daily dollar satellites are very easy and it's the easiest way to get an access to daily dollar without spending a single penny. So now, technically, I can play daily dollar every single day for free as long as I play satellites everyday. This is a great idea for micro grinders who are trying to build up their bankrolls.
50 ftp satellites are so easy. Lot of people go wreckless bcz they're technically free to play and people treat them like play money. Even payout structures are good. Top 2 places get 200ftp and 3rd place gets their ftp buy-in back. I made up super-tight strategy where you can either break-even or win every single game or at least 3/4 games. Folds EVERY HAND except AA, KK, QQ during early stages. Even fold AK, AQ during early stages. Reason is because these hands are vulnerable to rags and during early stages, many donks go all-in and hit it very frequently because 2:1 underdog wins very frequently. Fold every hand, and before blinds even reach 50/100, about 4-5 players are gone and you have about 1350 or 1400 chips to play. THEN start playing real poker. Using this method, I cashed almost EVERY sngs. Yesterday, I won 6 out of 8 games, got 3rd place on 1 sng, and bubbled 1. That's 7/8 games itm. Maybe I'm running good. But I even folded JJ, TT, AK, AQ, AJ and many ok-premium hands during early stages to achieve this. I use Economics approach in these type of sngs.
My goal is to enter 750k guaranteed tournament by grinding daily dollar satellites, then enter 300ftp 750k super satellite sng and win a spot to 750k satellite, then get into top 100 in 750k satellite and enter 750k tournament($216 buy-in). Doesn't seem too hard. Daily dollar satellites, I can grind easily. Using my "super-tight economics approach" strategy, I can cash and win almost every daily dollar 50ftp satellites.
What do all of you guys think?