After posting a pretty sweet profit multi-tabling on FT, I was forced to cash a good chunk of it out for life expenses, so I decided to start the SNG grind on Stars! Here's my graph so far, grinding 27. 45 and 90 mans at the oh so lowest of levels. Granted, when you only play $1/$2 SNGs, you're only going to average .30 per tournament, but this is how my grind started on FT 3 months ago and as I moved through the ranks I ended up with a healthy bankroll I've had much more variance in the early going this time, hovering right around a 20% ROI.
Upon reading Dusty Schmidt's book, Treating Poker As A Business(which I recommend to all), he pooh-poohs the concept of grinding SNG's, advocating that cash games are really the only way to go if you want to see poker profits. Well, that might be true, but I don't find cash games to be particularly fun online. I enjoy tournament structure, as that's where my strength lies, and while I could put some oomph into studying more and improving my cash game..why spoil a good thing?
Nice work edgie. I started my roll doing the same thing. Dusty may be right about sng grinding - the margins get stupidly thin at any level that would make you money. You can still do great at the low limits because there are still fish that have no clue what they're doing.
ReplyDeleteOverall I thought his book was a bust. The whole thing seemed to me like a giant brag with very little real information. Glad you got something out of it.