If I have my double up team win consistently at a $25 buy in, then I have an extra $25 winning each week. Therefore you are looking at say breaking even from tournaments but giving yourself a chance to win big and being up $100 from double ups. Why not take a chance to see if
I can win some extra. Through five weeks I’ve had one $20 winning, two $10, and two with nothing. I’m still up overall but if my luck stops its ok. I can accept walking away with $20 a week instead of $25 if it means I might be able to walk away with $50 or $60.
However, once you get in these higher tournaments, it becomes high risk versus high reward.
Granted I’ve done pretty well this year and have won in three of five tournaments, and four of five double ups. If it doesn’t keep up, then if I win my double up and lose a tournament I come out with nothing. Is risking losing $25 for a 20% chance to most likely win $50 for the week really worth it every week?
I would feel much better walking away with $20 and continuing to be up each week if I lose the smaller amount than possibly coming away with nothing. This isn’t a full time job for most people and if you want to try and make some extra on the side this is a smart and conservative way to do it.
If I continue at this rate, I’d win roughly a $350 profit on the season. It likely won’t be the same in three months from now and I’m hoping to end up being up around $250 or so on the year. At the end of the season, that’s still an extra $250 for Christmas spending. It’s not the big lavish bets and the fancy commercial life but it’s still a profit.
This is only my strategy and people don’t have to follow it. People may have better strategies than me. People may also be willing to risk more or less as well. For now it’s a strategy that is working for me and if it’s not broken don’t fix it.
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