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By: iggyo
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MicroMillions Musings

By: iggyo @ 19:42 (EDT) / 1661 / Comment ( 8 )

MicroMillions V

If any of you are wondering what the upcoming MicroMillions tournament series is all about, PokerSchoolOnline has the MicroMillions Mania promotion for new members who may have not taken our MTT course yet. If you already have taken the MTT course and passed the quiz, don't fret. You can still attend designated live training sessions to receive a satellite ticket. I just wanted to share some of my thoughts and experiences with the series. I hope it will help you avoid some of the follies that I had to endure the first time I participated.

MicroMillions Mania

The MicroMillions tournament series, as the name suggests, is targeted at the micro- to low-stakes players, just like most of us here at PokerSchoolOnline. Since the Spring of last year, this is the 5th time this series has been put on by PokerStars in less than 2 years and shows no signs of slowing down. I first played in the MicroMillions II series last summer, just when I started taking online poker a lot more seriously. I had built up a decent bankroll from freerolls over the years and thought that I would make a go at making some extra cash playing poker. I entered and won my way into a few events (I even took some days off work to play in some events) and discovered that a lot of the tournaments were rebuy/add-on tourneys. Not having played any rebuy/add-on tourneys in the past, I didn't know what to expect and played the way that I normally played at the time (which in my estimation now, was decent but still not that good). Understand that the MicroMillions tournaments are tailored to the lower stakes players which means a lot of beginners which in turn, means that there will be a lot of bad play. However, in re-buy tournaments, some normally tight players become seemingly maniacal and play it really loose the first few blind levels. This makes it a lot more difficult to discern bad play of fish from value shoves of TAG's (this is where note taking is of extreme importance). It hadn't dawned on me that I needed to be playing in such a way that I can survive beyond the rebuy period while trying to build a healthy stack. This meant doubling-up on the weak players while maneuvering around the players who were aiming to do the same thing. Consequently, I lost chips to what I thought in hindsight were some bad plays on my part which at the time I thought were bad beats. In actual fact, I was getting my stack in being slightly behind, with coin flips or at best, 3:2 odds (I like at least 2:1 odds or better). I now believe that these spots are good in rebuy tournaments, as long as you're relatively early in the rebuy period. Still, I would rebuy and the same thing kept happening. I would be on the wrong end of the decision more times than not and tilted and spewed my way to 40% of my original starting bankroll.

After the series was over, I talked about it with fellow players in an attempt to get over my sorrows of losing most of my hard-earned bankroll. I also talked to John "JWK24" about it. He suggested to me that I should have a set number of rebuys that I am willing to take and decide whether I'm going to take the add-on before I register for the tourney. I decided for the next Micromillions series, I would rebuy 5 times for the lower buy-in tourneys and 3 times for the higher ones, taking single rebuys early and then double rebuys later when blinds levels increased. I thought it would be advantageous to take more rebuys in tournaments with bigger guarantees and bigger fields. Another factor is the length of the rebuy period. Some tournaments will have 2 or 3 times the rebuy time and will be designated as "2x-Turbo" and "3x-Turbo", respectively. I also have decided that I will take the add-on if I was around the average stack size or less. When the actual events came around for MicroMillions 3 and 4, I found myself a little "gun shy", probably from my previous experience. However, this time around, I fully intend on participating in some of the tournaments as time allows. There are a great mix of different games at different stakes and I look especially forward to the Zoom, Razz and 2-7 NLSD tourneys not to mention the Main Event.

Lastly, I am by no means an expert in, well, any area of poker, really. If you read something that you don't agree with, by all means, please let me know and we can discuss it. That's the great thing I love about this community. We can openly discuss different ideas & strategies and learn from each other.

Good luck to all of you in the MicroMillions!

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