$0 to $10K - My Way, Update #21

To Take a Shot or Not Take a Shot, That is the Question.

I have a dilemma. On November 5, 2012 I played a "PokerStars Canada Cup II $5 Satellite Re-buy" tourney, and won it! Yeah me! (I didn't re-buy but I did take the $5 add-on for a total entry fee of $10.)

The prize was an entry into the  $530 buy-in PokerStars Canada Cup II tournament or $530 tournament dollars. Tournament dollars can be used for a buy-in to any tournament, so it is real money.

The Canada Cup II tourney is online, until the final table, and then the final 9 get an all expense paid trip to the Bahamas to play off. It's all part of PokerStars Caribbean  (PCA) adventure tournament.

Here are the payouts for this tourney.

As you can see the pay outs are substantial, with $62K+ up top and $5K+ for 15th place. The top three also get a $10K buy-in to the PCA main event.

Given that there are about 300 entrants and 15 get paid with the minimum payout of $5,250, it has a huge "positive expected value" (+ev) to play in it.

When I add this $530 win to my bankroll it looks like this:

A very nice jump up. Should I take the $530 buy-in to the Canada Cup II? Does this violate my Bankroll Management challenge? Does it matter? Ok, so it is a violation of the $10K Bankroll Management 'rules' but it is simply too good a shot to pass up. This is why I grind so many hours - to get a shot at a big pay out. 

I'll play, tonight, November 17, 2012. Then when (if) I do better than 7th ($10K +) I'll have completed my $0 to $10K challenge and won a nice trip to the Bahamas !! LOL.

If I am not successful I'll be back down to about $400 and the grind will continue.

The Canada Cup tournament starts at 7:00 on PokerStars. Check out the "Tourney-Regional" tab or 

follow me on Twitter at  @PokerPilotKH.