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There was a time when building your online poker bankroll was as easy as
signing up to multiple poker sites. The sign up and monthly bonuses offered by
many sites gave new players an overlay on the rake being charged at low limits.
A new player could easily earn hundreds and even thousands of dollars in bonuses
every month, enough to effectively build their bankroll and move up to higher
stakes poker where the rake didn’t have as much of an effect. Unfortunately,
sites give only a small fraction of the bonuses they once offered, and players
have to resort to other methods to move up quickly.
Though bonus offers are gone, there are still good opportunities for low
limit players to quickly build their bankroll. One of the best methods, and one
that only occurs rarely, is when a poker site offers a new variant of poker. The
initial interest in the game by players who are unaware of proper strategy
presents a great opportunity for players to add to their bankroll. My favorite
example of this, and a game that I miss, was Royal Hold Em, spread by
UltimateBet. For those who don’t remember, Royal Hold Em was played with the
same rules as Texas Hold Em, with the exception that the deck only contained
Tens through Aces. It wasn’t difficult to figure out proper strategy for this
game, but players loved the action so much that they would often play to the end
chasing straights and underfulls.
Recently, many online poker sites have started offering Double
or Nothing Sit & Go tournaments (DoNs), giving low limit players a new
opportunity to easily add to their bankroll. DoNs vary in structure to regular
SnGs in that the five remaining players win double their buy in back (minus the
rake). These tournaments are a fantastic way for new and low limit players to
build their bankroll quickly and escape the high rake of low limit poker.
Why are these tournaments so profitable for low limit players? There are many
reasons, but the most important is that the play is awful. Most players enter
DoNs thinking that if they play tight they will make the money. Playing tighter
is a good first step, but only if you play the right hands in the right
situations. It is not rare to find players in early position committing most of
their stack in the opening rounds of a DoN with AQ or AJ. These are only
marginal holdings early in a tournament, and a good way to waste your stack.
Another good reason for playing DoNs if you are trying to build your bankroll
is that they are easy to multitable. Since you’re playing tighter you aren’t in
situations where you have to play many hands post flop. I play 20 tournaments at
a time. There are a few players who play more. No matter how many tables you
would normally play at once, you can increase that amount playing DoNs and add
to your hourly rate.
It’s not every day that a new poker structure is introduced by a site, but
when they are made available you should take advantage of it. Though DoNs have
been around for a few months, the play is still so bad, especially at the lower
limits, that a new or low limit player can easily build their bankroll by
employing sound DoN strategy.
For more information on DoN tournament strategy visit onlinepokerbankrollbuilder
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