Tuesday, May 04, 2010

BBT5 update, and is it time to cash out?

I played in the first Mookie tournament of the BBT5 a couple of weeks ago. I cashed, but only high enough to get my buy-in back plus $1.10. Nevertheless, it felt good to go deep in a tourney with some stiff competition.

Speaking of which, it also felt good to play in the same game as people who know what they are doing. I have played in so many donkfests lately that it was a welcome surprise to see players actually fold to a raise instead of calling to the river with junk hands that anyone who has a clue would have mucked preflop. I also enjoyed seeing some familiar names at my table. It reminded me of the good old days when we all played together because it was fun, and not because there were high-dollar prizes at stake. (Not that I have anything against high-dollar prizes, mind you.)

All that said, I'm not sure how many more BBT5 tourneys I will end up playing, if any. The start times for the non-invitational games are on the late side for me because of my early work start time. I also don't have a large enough bankroll to play in them regularly. I got into a couple of FPP token-prize tourneys to try to win a token towards the Monday night BBT game, but those didn't work out. I will keep plugging away in various tournaments and ring games and perhaps I will win enough to feel comfortable buying into another BBT event or two in the next couple of weeks.

But this leads to my next topic of discussion: with the UIGEA supposedly taking effect as of June 1, how hard will it be to withdraw any money that I have on the poker sites? Suppose I score a big win and want to get some or all of the cash instead of leaving it in my online poker site account? I will admit that I haven't thoroughly searched the Net for a lot of detail on what is expected to happen. Maybe withdrawals will be no more difficult than they are today, although I hear that they can be a hassle at some sites. I have the feeling that making deposits will be much harder, maybe nearly impossible, once the UIGEA starts being enforced. But do I want to leave my money on line, knowing that I may have a hell of a time getting it back some day? Do I want to bother putting in the time and effort to win a big tournament, not knowing if I will ever get to benefit from it? I would love to hear others' thoughts on this subject. Have you changed the way you play, or where you play, or cashed out some or all of your online stakes?

I don't have any life-changing or bill-paying money tied up in poker sites. Maybe I will just keep playing with it as a form of entertainment, knowing that I may never see a profit from it. But I might want to get some of it out, if only so I can set it aside for use at a live, legal cardroom somewhere.

Your comments are welcome.


BrainMc said...

I don't have very much online either, but I'm just gonna keep it the different sites for entertainment purposes.

OhCaptain said...

I cashed out all but an entertainment balance already.