Play the poker buyout tournament and it’s best to make sure you have enough money on hand. I learned that lesson the hard way. Some days when I was bored I would go to the local casino in the morning and buy the infinitely small poker tournaments. On a certain day they were playing the buyback cycle. Without really understanding the buyback intent, I decided to give it a try. The purchase was only $ 10 and there was a sign saying “Unlimited buybacks up to Level 1”.
After I brought me only a hundred dollars, I figured he would get 10 dollars the most. While waiting for the tournament to start, I asked and thought that if he lost them all, he could buy another set of chips equal to the starting chips until the first blind raise. Wow, cool, I think if I lose all of my chips, I can have more. Just an extra $ 10, I guess, I don’t intend to lose before the blind goes up. Once we started playing, it wasn’t so cool.
Little by little I realized that the people at my table were playing like a bunch of crazy people. They were doing it all, losing and repurchasing and repurchasing and repurchasing, they were just trying to build their chip sets. After getting good hands, they would suck me up, hit me left to right, and soon I was in a repurchase frenzy.
Angry that these clowns were sucking me, I was determined to get their chips and I quickly found myself breaking $ 100 in under half an hour. Much more than $ 10 was originally acceptable to give up. When I was horrified, after losing all my money, I watched everyone at the table tighten up and start playing “real” poker after the buyback period expired. These weren’t just poker geek players, they were regular casino players who made their living from beginners like me.
I made my way over to the steam-powered and ramped ATM and pulled another $ 100, which turned out to be actually $ 103 after the ATM was charged to me. When I got into a limited game, I quickly lost another $ 100, which made matters worse when I realized that this table was making money from beginners who were in a tilted position after losing the tournament. Lots of fun $ 10 a day. Hey there is always blackjack.