Home Game Freeroll

Bankroll: $1537.02

I lost that tournament from last week. Kind of depressing, I really wanted to make it to the next round. Oh well, maybe next time. So it now looks like I'll be playing in two events at the World Series

The first event will be the $1500 No-Limit event, where I'll stay in that timeshare with Dutch and his friends. Well, I hope to do that event. I'll be trying out a few satellites in Vegas to try to win myself a cheap seat. My wife also wants to play in the ladies event, which is about a week and a half later. I'll fly back with her for that event and try to get myself into the $1000 No-Limit event that starts the next day. Should be a lot of fun.

This will be my first big event. I have a tough decision right now, actually. Do I allow outsiders to buy shares in me? Should I allow some people to help pay for my buy-ins, in return for a share of the prize money? Since it's my first event, is it more important to have as much paid for as possible or to keep as much of the big money as possible? My wife is insisting I don't accept any financial help, so that if I do get a big win my bankroll will be set for life. I've decided not to argue with her, at least for the time being, but those big entry fees do make me a little nervous.

I didn't get to play much this weekend. My father-in-law was in town, so we ended up driving to see some family up north. Heh, we actually ended up staying the night in a town that used to be called “Pokerville”. I guess it was the place to go back during the gold rush days, but unfortunately they didn't actually have any card rooms any longer.

We did play in a hotel room Friday night. My father-in-law put up a cash prize, winner take all, and we all went at it. It was actually a pretty satisfying game. Neither him, nor my brother-in-law, know that much about poker. The both of them were in nearly every hand, with my father-in-law winning about 20 hands in a row. Both of them kept asking why you would ever fold, since you don't know what cards are going to come up? I tried to explain how, even though any two cards can win, some cards win more often than others. They just looked at me skeptically and kept giving me a hard time because I was hardly in any hands. “You can't win if you don't play!” I was told with the kind of authority that can only come from a mountain of newly aquired chips.

I only played about seven hands total in that game, before I busted everybody out. I took all of my father-in-law's chips in two hands, busted my brother-in-law in two more, then went heads up with my wife and got the rest in a couple of more hands. No one seemed too happy with how “lucky” I got with those hands, so I ended up having to use half of my winnings for breakfast. Heh, but I still managed to get $40 into my bankroll off of that freeroll, so all was good. I also earned about $30 online last night before I went to bed, so everything worked out nicely.

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I can think of two rules:

First, it's better to get experience first, to maximize your chance of winning a "set for life" bankroll later. Chances are, the only way you could really pull something like that off right now would be to get really lucky.

And as we both know, good poker players are not about the luck.

The only rule I can think of that trumps this rule is, "don't argue with the wife".

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Totally. If I managed to drum up buy-ins from people who wanted to invest, I could play a lot more satellites. That would not only give me valuable experience against some tough competition, but would increase my chances of scoring a ticket for the big games. But my wife is convinced I'm going to place in the money no matter what (bless her optomistic heart) and refuses to let me split up the prize money.

But actually, she's not too excited about me doing these satellites. She'd rather I just buy into the tournament directly... even though that might wipe out my bankroll (unless I do really well between now & then). I might be able to talk her into it if selling off shares meant I could enter directly. If so, it would probably cost someone $750 for 50% of my winnings in the first tourney, then $500 for 50% of my winnings in the second tourney. Food for thought...

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