17 May, 2007

$20 STT HEATER

At the end of March I built up my SNG cash flow (from zero) to $440 giving me the bankroll to step up to the $20 SNGs.

I expected my ROI to drop from the 30% I had on the 10s and after my first few SNGs at the $20s I was worried it was going to take a lot of SNGs before I could step up to the $30s.

Anyway, I went on a massive heater and after 24 SNGs my bankroll is above the $770 I need to step up to the $30 SNGs; It's currently at $775. The $770 gives me enough to drop 10 buy-ins before I need to step down to the $20s and start to rebuild. Hopefully, I will not be stepping down from the $30s.

My ROI and ITM are not really valid after only 24 SNGs but at 59% and 58% respectively they are clearly solid results; even if I am getting the best side of variance. As I was 4 tabling the $20s my hourly rate over those 24 SNGs was $36; now that is getting about halfway towards what I would like to see as a long-term sustainable rate.

Nice structure on iPoker which suited my game but as there is a distinct lack of liquidity at the $30s I may move over to FT. I wish I had a rakeback account with FT and may look into changing my account with them.

I need $1,320 in my SNG bankroll to step up to the $50s. At a 10% ROI that is going to take 167 entries.

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