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Ok, so it’s time to have a little purpose to my play.
Here’s the plan:
Start with $200 bankroll
initial buy-in $10 at .25/.50 NL table
Double up and move onto next level
pocket any additional winnings beyond doubling of buy-in (ie. buy in for $10 win a hand putting stake at $25. Pocket $5 and take $20 to the .50/1.00 NL table)
continue attempts until doubling up at 5/10 level
Settle in at 5/10 and continue playing (or until getting bored or going broke whichever comes first)
If I manage to learn anything along the way I’ll be sure to share it with you. But as you all know, don’t count on me learning anything.
I’ve got to put some bankroll building back into my play. The MTT’s have been slowly draining my resources so it’s back to SNG’s play. They can be a grind but I’ve got to play into my strength and that is the turbo SNG. I’ll be working a new rotation which will cut down on the MTT’s.
Started this by playing a few steps SNG’s last night at Full Tilt. Took me two step one’s to win a step two token. Turned the token into a third place finish for a little profit. Feels like my game hasn’t dropped off too much so I should be able to hop back in without too many growing pains.
My wife asked me what my bankroll was at last night. So I told her.
She was confused as to why it hadn’t changed since the last time she asked me. I tried to explain to her that I had been playing mostly tournaments and not the cash games that would slowly build up.
Her response:
“What happened to winning a tournament every month? You used to win one every month. You need to win another cruise. It’s time to go on another one.”
Let’s see. I know my posting has been sporadic at best lately but I am still playing poker. In fact staying true to my word I’m still on track to double my play from last month. My problem is a severe lack of free time right now. I’m getting ready to embark on a very exciting, yet very scary career move.
Being known as the “tech guy” to all my friends I get called upon whenever someone has a PC related issue. Every time they call me, they also tell me I should work on computers as a business. I’ve heard this enough times that I’ve finally decided to do just that. It will start as a part time gig that hopefully grows into a full time job. I will be launching next week and getting everything ready has been very time consuming.
Playing poker has actually led to my being able to do this. You see all of my startup costs have been covered by poker profits. In fact, I believe that I will never have to spend a dime of “my own” money during the life of the business. I see no reason why I can’t cover my small monthly costs (phone, advertising, etc.) with poker play.
This has led me to consider something within poker I’ve never really had to deal with before. Proper bankroll funding versus risk of ruin. I’ve really emaciated my bankroll during this process. The bankroll is currently sitting at about $750. I like to maintain a minimum of 45 buy ins but prefer 65 for SNG’s. Presently I’m playing the $24 turbo’s but I should be playing the $12 ones. Normally I would just drop down in limits and continue playing. The thing is that I believe I have proven to myself that I can beat these games. I feel it would take a severely freakish losing streak for me to be in bankroll danger. Thus I’ve decided to stay where I’m at and play a little thin.
At any rate look for some more frequent posting coming up. In the mean time go check out The Poker Grind.net and show some support for a new blogger on the scene.
Update: I received my money from Full Tilt a few days after posting about it so alls good.
