Im Losing a Prop Bet

Had $20ish left on iPoker network and bet a friend of mine I could run it up to 100 in 30 days. Friendly low stakes wager, more of a pride thing really.

I thought hey - how hard will it be to crush the fish at penny tables? I ran it up to 50 in just two sessions. Then variance proceeded to kick my ass sideways and in all but a couple of instances got my money in so far ahead it was silly and still got >15% hitting over me repeatedly.

I do admit that when I got down to around $25 I went on mad monkey tilt and started pushing every AK I saw for coin flips. Which of course I lost. So here I sit staring at what will likely be a prop bet lost at $12 left in the account. The bet was for $100, and I am sorely tempted to ask him to let me buy it out for $50-$70. I'll start low and work my way up.

I have two weeks left to run it back up and I just don't think I have the mental fortitude for another run at the penny tables! I can't even begin to say how much this hurts the pride.

YUCK!

Comments

  • uh oh
    try some sng
    like 1$ sng
    run good -> at 50 raise to 2-3$ sng
    run good = 100$ in no time.

    not that much variance, don't play turbo, play only strong hand and you'll do fine... at these lvl players are so bad they'll pay you off big time when you hit.
  • SNGs is a good idea, or even short stack some some PLO games and play super-aggressive. As long as you still have some cash you are good to go, don't get discouraged just yet.
  • play graham
  • pkrfce9 wrote: »
    play graham

    I don't have an iPoker account ;)
  • the thing with penny tables, it's like play money
    you need the best hand at the showdown period.
    so it's pretty much bingo.
    and it's hard to win consistantly at bingo
  • My suggestion...

    1) Get someone you know to start an account on the site, deposit $100 and transfer 90 of it to you
    2) Pay back person you know $100
    3) ????
    4) Profit.
  • pkrfce9 wrote: »
    play graham

    That's the stupidest idea....Graham is the biggest super-user in the history of poker. ;)
  • So, what happened with the bet?
  • I agree play the low SNGs. I ran $30 to just over $100 within a week last month. Of course, I lost it just as quickly when I went up stakes =)
  • The fast and furious update going to post a quick picture here soon as I have a moment. Up to $80 with 5 days to go (Wednesday) will post pictures
  • tableshot2th1.th.jpg

    If you check out sharkscope I think my numbers are pretty good. "D0nksJedi" for ipoker.

    I did it mostly cash table short stacking and some tourney play. Also got in good with a $1 omaha plo tourney which got me off short stacking to full buy ins which helped alot.

    Wednesday is the cut and the bastard wouldn't let me buy out the bet so I am hoping to make him pay for being greedy.

    the link isnt really clear - the total is 76.22 after taking a three outter on the chin
  • Anti - climatic - forgot to post the last update. Made it Monday morning. Cleared up to almost $110. Funny thing - I made almost all of my big jumps in profit playing early in the morning. I guess most of the ipoker player base is european or some such maybe. Anyhoo. Going to collect this weekend at our Saturday night game. Nice to have my first buy-in covered and freerolling. I fully plan on drinking a few (several) jagerbombs and playing horrifically bad. +EV drunkaments!

    Incidentally - if anyone was curious. It is possible to make money at the penny tables. Just play 8 tables at once with a super tight range and essentially nut peddle and set mine. It's slow, it's boring and the good players won't pay you off. Luckily there are so few of them that it works.
  • DonkJedi wrote: »
    Anti - climatic - forgot to post the last update. Made it Monday morning. Cleared up to almost $110. Funny thing - I made almost all of my big jumps in profit playing early in the morning. I guess most of the ipoker player base is european or some such maybe. Anyhoo. Going to collect this weekend at our Saturday night game. Nice to have my first buy-in covered and freerolling. I fully plan on drinking a few (several) jagerbombs and playing horrifically bad. +EV drunkaments!

    Incidentally - if anyone was curious. It is possible to make money at the penny tables. Just play 8 tables at once with a super tight range and essentially nut peddle and set mine. It's slow, it's boring and the good players won't pay you off. Luckily there are so few of them that it works.

    Yes playing a nit will win but ... Why play tight, Why not indulge your inner maniac... the .01/.02 on stars is 250 big blinds deep...
  • Congrats on winning the bet!
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