In case there are those out there who are looking to make some serious money at poker just remember probably 90%+ of players out there are losing players at least eventually. Many of the so-called big name pros go bust here and there. While I have mentioned I started with only a single $100 deposit and never needed to make one ever again, I was still lucky enough to not go on a bad run and I did practice some live games and alot of play money games before I started and came up with the best strategy I could and actually stuck to my guidelines. I also read alot of books. What I'm getting at is I put in hours everyday every week like any other major hobby or profession and treated it seriously and that is what made me profitable. My first 2 years I made money grinding out hundreds of $10 sit in go''s. It wasn't anything to brag about considering how much time I put in but you gotta pay your dues.
Enough with my mini-seminar for now, the first week of Sept. has been ok. I only got to play about 30 collective hours(multitabling hrs. added up) and made a few hundred dollars. I continued to get sucked into trying out the double-up sng's on Cake which pay 5 outta 10 spots double their buy-in minus fees. They fill well but even the donks play tight and don't donk off their chips. I also lose one of my best plays which if chip leader to abuse all the other stacks near the bubble. In this circumstance that strategy is useless if you can't get paid any more than 5th so it's better to sit back and it then becomes a wait-a-thon and much more reliant on the cards you catch. I decided now I won't play them unless there's nothing else going or other beneficial factors.
I worked on some of my stats and have an update on my sng cashing %'s (Again multis and double-ups, heads-ups, etc not included) Sng payouts about 30-40% so anything 40%+ would typically show a profit, 45-50% would be very good results, and 50%+ would be phenomenal and probably running hot as well:
May 08 - 118/283= 41.7%
June 08 - 58/138= 42.0%
July 08 - 86/183= 47.0%
Aug 08 - 60/118 = 50.8%
Sept 08 - 18/35 = 51.4% (So far)
I hope to keep the run going, but with minimal play anything can happen. GL all. If you have any questions or comments I'd like to help if possible.
My 1st blog and poker bio started on May 11th if interested: http://donkeyherder.livejournal.com/2008/05/11/
If you would like to check me out you can look me up on a few sites, pokerdb.com shows big tournament results. I play under "Donkeyherder"(Pokerstars),"Chipstacker2