Sunday, 5 April 2009

My Goals.

I have been playing poker for a while, and ain't going to bore with the details, I'm just going to say that I now feel I am experienced enough to take on a bit of bankroll management, and really start to play properly and maybe make a profit. I am going to start with a very small bankroll of what I have currently. I do have other bits of cash in other sites, but I frequent Full tilt because if i am playing cash you get more rackback.

After a losing day playing small stakes so far I stand at a mere $50.11.

I have already got a couple of tournament fees all paid for this evening, so that's less to worry about and may see an increase if I cash.

I am registered for:

$1,000 GTD rebuy. 0.10c buyin. - This has started as I write and I've added on for 0.50c. And that took me to 2k chips and I just took a couple of donkeys stacks taking me to 6k, so that should see me through the rebuy period! I'll update results later. 3600 entrants.

$10,000 GTD Daily Dollar - I've cashed two days in a row, but no good ones. I hope to improve on 503rd from last night, there is usually 6,000+ runners.

I'll also play some more cash games inbetween and during, which brings me to my bankroll strategy nicely!

I like Chris Fergusons layout so this is how I'll do it.

Never buyin to cash game for more than 5% of my bankroll and leave a cash table if I have 10% of my BR there ($5 atm) . And never buyin to tournies for more than 2%, but $1 buy ins can be entered at any stage.

So max buying is $2.50 at the minute for cash games.
And Tournies are $1 max.

Here's the the way I wish to play.

0.01c/0.02c - $20 and below. I also drop to this level if I am having a bad day the one above.

0.02c/0.05c - $20 - $100. The reason for this is that I like to at least half the max buyin for
table limits. I hate being short stacked.

0.05c/0.10c - $100 - $200.
0.10c/0.20c - $200+


I'll add more when I get to the next level as I am currently at 0.02/0.05. And I play about 6 - 9 hours a day. And have made a profit over last 4 days everyday.
But generally lose that profit entering the tournies.... however at the end of the week I will be getting 27% of my rake back so we'll see how much that is.

My real goal if I can make it and I know I may not is to make a living out of poker, and have a bankroll that would allow me to get to the WSOP ME at least once before I die.

This is really just a diary for me from what I feel is the moment I can do something with my poker knowledge. And I will update everyday if I can and add my live results if and when I enter more live games. I'll track my daily profits/losses.


BR: $50.11

Profit/Loss:N/A

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