I'm now at 20,295 or more than 20x my initial roll. I've been updating my 10 bagger post with progress but wanted to make a new post to highlight some of the high points since last time.
There is nothing to convince me otherwise that 7cs hi/lo is the softest game to hit. It is basic strategy to play for a low and try to scoop but there are plenty of players that don't do that. Enough at this level that it is a very beatable game. Yes it is play money but at these stakes the standard buy in is 2000. What I mean by that is that players coming into this game have to be at least semi-serious about winning because you can only reload your play money account for 1000 which really isn't enough to be comfortable at these stakes. You see some players come in for 1000 but they are just d0nks looking to double up and generally doing a crappy job at it. They are better off playing Oma-lotto because they can at least get ten way action on their money and have a better chance of 10xing up.
The structure of 7cs allows me to just sit and pay ante/bring-in tax while I wait for good starting hands then pour in money into hands with high probability of success. I don't play many hands and I continue even fewer of them but when I score it more than makes up for all of the antes and bring-ins I need to post along the way. I think fixed limit games are ideal for bankroll management because it helps to keep variance low and even let's me play a bigger game than I would otherwise be able to so I can build my roll faster. Kinda like a high leverage financial instrument.
Limit play in conjunction with multi-tabling is the way to go. There really are no hard/expensive decisions to make and with all of the upcards available you can make a decent assessment of where you are even without having watched the action the whole way through. Multi-tabling really helps me to avoid tilting off money too because I don't get too tilty from a great starting hand bricking or a bad suckout. It's just one of the many anonymous hands that go into the "didn't work out" column that are more than offset by the "took down a big pot" column.
I want to start tracking numbers more. I look at them but don't really track or do much analysis from them. For instance, here are some combined numbers from my last few sessions:
Statistics for 316 Hands
Street Saw Saw/Total
Fourth 79 25%
Fifth 53 17%
Sixth 35 11%
Seventh 27 9%
Showdown 25 8%
Street Won Won/Saw Won/Total
Third 0 0% 0%
Fourth 0 0% 0%
Fifth 1 2% 0%
Sixth 0 0% 0%
Seventh 1 4% 0%
- Split 11 44% 3%
- Scoop 7 28% 2%
25% of my hands get to 4th street. I am mucking at LEAST 75% of my hands since that number also shows the times that I post the bring-in and don't get raised off of my hand going to 4th. It is rare to go past 4th without paying but it happens sometimes and can even get to the river with no extra money so my selectivity is even tighter than these numbers show.
I only won two hands out of 316 by betting and having people fold. This is because a) hope springs eternal for players and you will be called with chasers and b) I don't bluff so I'm not trying to take down a pot with scare cards showing. Razz is much more a bluffing game IMO.
I am only showing down 8% of my hands. No d0nking off chips to look players up. Not at 100/200 at least. I try to either bail early or hammer the pots when I'm strong. Not much middle ground.
Of the hands that do see showdown, I'm raking chips in 72% of them. 44% of my showdowns I take half and 28% of the time I'm scooping the whole thing. The math is clear. Muck hands for cheap, invest in hands with good upside potential, pour money into hands when you are ahead and try to win both ways if possible. Recipe for building the roll.
I had my first career 7cs roll up with 55/5. Case 5 was unknowingly dead and boating up would have lost to a bigger boat anyway. Neat to see but I'm not going to get too excited about these hands unless they are high trips that boat quickly or I quad up.
Scooped a giant 4.8K (24% of my roll and nearly 5x my initial roll) pot when I make an Ace high flush and wheeled for the low. Got multiway calls all the way despite showing all Hearts as my upcards and capped the river with a guy that thought he could get low. I was actually a 2h away from a wheel straight flush. I rivered the 2d instead.
Seat 7: TheSushiCowboy showed [Th 5h 4h 3h 8h Ah 2d] and won (4,890) with HI: a flush, Ace high; LO: 5,4,3,2,A
Once again, just solid fundamentals. I only got involved with hands that are strong lows and scoop as much as the cards allow.
Anyway, there are some lessons learned from my bankroll building exercise. I hope that they are helpful for you Cakers.