Thursday, November 29, 2007

Limit vs. No Limit

Why do I play limit? At this point it is mostly due to the size of my bankroll. They say you need between 200 - 300 big bets to play limit and about 15 buy ins to play no limit. So for a 3/6 limit game, you need about $1,200 bankroll. For a $300 1/2 no limit game you need about $4,500. I don't have 15 buy-ins to throw around and the people I would be playing with do. They are perfectly content to go all in with a buy in when they are a 55% favorite. I'm not there yet.

I am going to start with a bankroll to play 3/6 at my local casino in '08. I would love to be able to build it up to so I can sit down at the 15/30 game they have. So, I guess if I have a goal, it would be to grow my bankroll to $6,000. They said you should not play a tournament that has more than a 5% buy in for your bank roll. So I will choose my tournaments carefully, and try to play some bigger buy in tournaments once my bankroll goes up slightly. I'd imagine I'll be playing 90% ring game at 3/6. No online play.

I am going to work hard at trying to put people on hands. What story does the hand and their betting style tell and what hand can I put them on? I know in limit poker this is not as important as in no limit, but it is still important. Also, something to practise when you are not in a hand.

My style: TAG - tight aggressive. And I can loosen up some or change gears once the table has pegged me on a style. The key is to win one big bet an hour. As you can see from lower limits this is hardly worth your time. But it is a good gauge to use for your profitability rate. The important thing is the amount of money won and not the number of pots won. I am content winning one big pot an hour.

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