Thursday, February 19, 2009

SCOOP!

It's the Spring Online Championship of Poker! It's a new series of tournaments on pokerstars similar to the WCOOP, but with a few differences. The SCOOP runs from April 2nd until the 12th and is made up of a whopping 66 tournaments! You can see the full schedule at www.pokerstars.com/scoop/

The way it works is every day there are two sets of tournaments each with three sets of stakes: low, medium, and high. For example on Day 1 in the morning there is NLH 6-max with rebuys. There is a $5.50 tournament, a $55 tournament and a $530 tournament all starting at the same time. Then in the afternoon there is PLO-8 with an $11 tournament, a $109 and a $1,050 all staring at the same time.

All of the "low" tournaments are $109 or less (except one that is $270), the mediums range from $109 to $1,050 (again with one exception), and the highs range from $1,050 to $10,300 (with one at a whopping $25,500).

My plan is to play all of the lows and probably 18 of the 22 mediums. As far as the highs go since most of the ones that look good to me in terms of what games are being played are $3,000+ I plan to play some satellites and see if I can get in cheap.

Some of what I do is going to depend on what kind of backing I get from my typical group of investors. I'm not going to put any cap on how much people can invest, but I will probably need some if not all of the investment up front. I'll probably put up $5,000-$8,000 of my own money, see what I can get from other people and then plan my schedule accordingly.

There will be much more on the SCOOP in coming weeks, but for now it's back to the cash game grind.

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