A while ago, when I played the occasional freeroll or micro buy-in tournament, I found that I won in the Premium Bonds whenever I cashed. (For the many Americans reading this, Premium Bonds are government bonds owned by the general public and, instead of paying out interest, the holder is entered into a lottery for each £1 they own.)
Anyway, premiums are often irritating. I was dealt a fair few in the last session, though my winnings came from the marginal hands and the expert plays.
The first time I was dealt kings, I flopped top set and it held for a handsomely sized pot. However, this was very much like a scam-artist hooking a sucker. I was dealt kings the very next hand and it lost to 97o, who flopped 2 pair. (I actually won a $0.02 side pot because the 97 was all in on the flop.) Then the following hand I was dealt queens. This time, they lost to 75, who played bottom pair all the way to the river, which was a 5. And there was no respite. Immediately after this, I was dealt 10s. They lost to JT after making the gutshot straight on the turn.
However, the last premium was as good as the first. I had clicked Sit Out Next Big Blind and would have been dealt out, however, I skipped it thanks to others sitting out and was dealt aces. This time I won a decent pot against someone flopping a pair on a 9 high board.
I was up $0.65 after 144 hands. And for those who are interested, my geometric mean ROI was 101% per table.
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