Originally Posted by Korbisk
Thanks for great replies.
Well, i havent given it that much thought. Id say the closest to a plan was to continue the low stakes tournaments for something like a year, and move up the stakes if i manage to get properly into this. Im a slow learner and naturally careful (*ehem*greedy) with money so im pretty sure i wont make too many stupid moves brm wise.
So... continue low stakes, and slowly try to turn entertainment into a part-time job.
And, dont know if this is relevant, but i think ive been doing fairly well, yes, but i realise the way ive been doing it is playing real tight and making sure i get into the prize pool. My mentality has never been trying to win the tournaments but building the bankroll slowly. Its been effective, but i do want to aim higher...
Well yeah it doesnt really change my suggestions but if you play only part time and work irl at the same time you can do fine with just tourneys and SnGs, its harder to do so if you wanna do it full time because only the higher levels can give that kind of money without removing too much of your BR.
One thing you should change now that you have a good sized bankroll is that 'just cash' mentality, its good to squeeze in the money yes, but a lot of times its even better to make a few risky moves around the bubble or early in the tournament to make sure you dont bubble or 'just cash.' This is going to deplete your ITM percentage, no way around it. But it will make your cashes much larger (at least it has the potential to).
When I say make risky moves... I dont mean go crazy of course and chase draws by calling off more and more of your chips, but bluffing more, especially around the bubble can really help your chip count. This of course has to be done against the right kind of opponents (medium stacked tight players).
One more thing to realize is that your play past the bubble must be spot on, you have to be able to make the right calls and not be distracted by the fact that you may have a chipstack, or you've already made money. The first and last thing you think about in any hand should be 'is this going to get me to the final table?' Once at the final table the idea of ICM is truly key because the jumps in cashing are really pronounced, you might also want to check out http://www.cardschat.com/f49/your-first-final-table-146404/ which is very helpful when you're playing your first few final tables.
Once you're cashing deeper (if not more often than not) you can definitely consider moving up. Also remember if you want to treat this as a part time job, you're going to have to withdraw... but if you move up to a new level, say 10 dollar SnG and MTTs, your BR should support them, like about 1K to 1.5K.
One last thing to note, winning pros believe that if you're cashing about 10 percent of the time in tournaments, you're basically a winning player. At the microstakes and low stakes levels its possible to be cashing above 50 percent when running good because of the weak play and skill sets. If you're also concentrating on getting deeper (which is much easier when you're up against bad opponents) you can really rack up the money for a low buyin. First place at full tilt for a standard 1 dollar tourney with 800-1000 people is 250, huge ROI.