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£5k Profit Over 1k MTTs
Viking25
Member Posts: 46
in Poker Chat
Afternoon all,
I'm Simon, a long-time browser and infrequent poster on this (mostly) excellent forum - so I thought it was about time that I stepped up to the plate and created a blog of my own.
Firstly, a bit of background about myself. I'm 28 and have been playing poker since my secondary school days and online for the past 10 years or so. I've played recreationally for the majority of that time, however for the past year I have been playing poker full-time after handing my notice in at my previous odds compiling job for a football statistics company in London. I've really enjoyed the past year, however I've found that I really miss the social aspect of going into a place of work so from September I will be starting a teacher training course, teaching Maths at secondary school level (for my sins). I've also just become a Dad for the first time, so I thought it wise to start a career I can see myself in for the foreseeable future that doesn't include the swings that poker inherently does!
The bonus of all of the above is that I now get to keep all of my poker bankroll online rather than withdrawing to use for living, which is when I got thinking about potential bankroll challenges I could set myself. After a bit of deliberation, I ended up settling on this: to profit £5k over a period of 1k MTTs. The reason that I set this challenge rather than a generic bankroll challenge (not downplaying those at all as I really enjoy following them and are the highlight of any forum IMO), is because I want to put more emphasis on the quality of my play rather than quantity. I've made a steady profit/ROI on Sky for the past year, however I've been 8-12 tabling for the majority of that and, as a result, have been limited to playing a relatively tight, unspectacular game whilst likely missing very profitable spots. By setting myself this challenge, I will have to make every MTT count in order to achieve it.
There are a few guidelines that I'm setting myself throughout the duration of this challenge, which I will briefly list below:
- Will play MTTs only (no satellites/sit-and-gos/timed tournaments etc.)
- Any rake-back/bonuses etc. that I may accrue over the time period will not count towards the £5k profit
- Will play on Sky only for length of this challenge (until we receive more info on future of Sky)
- Will likely play an average of 1/2 sessions per week consisting of ~20 MTTs
- Will likely play an average buy-in (ABI) of ~£11
- Won’t play anything higher than the £33 main events (unless there’s a particularly juicy higher buy-in MTT during UKOPS or the like)
- Will post on the thread after each session with an update
- Will try to post at least one interesting hand from the session/s at some point during the week to get feedback from others, so feel free to pick apart my spewy plays
I don't think I've missed anything vital off of the list above, however feel free to suggest ways of improving the challenge as it’s by no means set in stone; any constructive criticism is always appreciated
. My first session will very likely be tomorrow evening so I'll hopefully get an update posted soon after that.
Good luck at the tables!
I'm Simon, a long-time browser and infrequent poster on this (mostly) excellent forum - so I thought it was about time that I stepped up to the plate and created a blog of my own.
Firstly, a bit of background about myself. I'm 28 and have been playing poker since my secondary school days and online for the past 10 years or so. I've played recreationally for the majority of that time, however for the past year I have been playing poker full-time after handing my notice in at my previous odds compiling job for a football statistics company in London. I've really enjoyed the past year, however I've found that I really miss the social aspect of going into a place of work so from September I will be starting a teacher training course, teaching Maths at secondary school level (for my sins). I've also just become a Dad for the first time, so I thought it wise to start a career I can see myself in for the foreseeable future that doesn't include the swings that poker inherently does!
The bonus of all of the above is that I now get to keep all of my poker bankroll online rather than withdrawing to use for living, which is when I got thinking about potential bankroll challenges I could set myself. After a bit of deliberation, I ended up settling on this: to profit £5k over a period of 1k MTTs. The reason that I set this challenge rather than a generic bankroll challenge (not downplaying those at all as I really enjoy following them and are the highlight of any forum IMO), is because I want to put more emphasis on the quality of my play rather than quantity. I've made a steady profit/ROI on Sky for the past year, however I've been 8-12 tabling for the majority of that and, as a result, have been limited to playing a relatively tight, unspectacular game whilst likely missing very profitable spots. By setting myself this challenge, I will have to make every MTT count in order to achieve it.
There are a few guidelines that I'm setting myself throughout the duration of this challenge, which I will briefly list below:
- Will play MTTs only (no satellites/sit-and-gos/timed tournaments etc.)
- Any rake-back/bonuses etc. that I may accrue over the time period will not count towards the £5k profit
- Will play on Sky only for length of this challenge (until we receive more info on future of Sky)
- Will likely play an average of 1/2 sessions per week consisting of ~20 MTTs
- Will likely play an average buy-in (ABI) of ~£11
- Won’t play anything higher than the £33 main events (unless there’s a particularly juicy higher buy-in MTT during UKOPS or the like)
- Will post on the thread after each session with an update
- Will try to post at least one interesting hand from the session/s at some point during the week to get feedback from others, so feel free to pick apart my spewy plays
I don't think I've missed anything vital off of the list above, however feel free to suggest ways of improving the challenge as it’s by no means set in stone; any constructive criticism is always appreciated
. My first session will very likely be tomorrow evening so I'll hopefully get an update posted soon after that.Good luck at the tables!
Comments
Why no satellites though, may I ask? They can be a great way of getting into some of the bigger buy-in tournies on the cheap
(I would also play the timed tournies too - they can be incredibly soft)
55%ish ROI over 1k games at £11? Tough?!
I think he wants to concentrate on quality over quantity and not be mass multi-tabling.
GL Viking25
This promises to be an interesting read, GL Mr Viking. I'm not entirely sure, but I believe there is at least one other regular Forum user who is training to be a teacher. That's quite a step-change in careers incidentally - odds compiler to teacher. If you were to tell me you've worked for either Mr Bloom or Mr Benham's outfits, I think I'd faint with adulation.
I also enjoyed your description of this forum;
"(mostly) excellent"
Nicely put.
GLGL!!!
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With all the various markets these days it seems some ppl are making a lot of money by searching out value bets. (i,ve been suprised at how much the bookies prices vary on these more selective markets) - player shots, tackles,cards etc etc
Do you bet on football and do you have any tips on how to beat the bookies?
Congrats on being a new dad and GL with the diary (and getting a decent nights sleep)
P
I actually worked for their biggest competitor, a company called Football Radar that is owned by the Reedtz brothers, who recently took over Notts County FC. As it happens, they were a delight to work for and I expect Notts County to be climbing the football league ladder sooner rather than later.
https://www.nottinghampost.com/sport/football/football-news/who-christoffer-alexander-reedtz-you-3141806
I do think that there is perhaps some value around the more obscure markets (cards, corners, fouls etc.) as these markets are so hard to model for bookies, however it would take some detailed research to make a consistent, significant profit I believe.
Thanks for the well wishes, so far so good on the sleep front!
@Viking25
Ahh, the 2 handsome Danes.
Without giving names etc, what sort of client base does Football Radar have, or more specifically, who buys their analysis? Are they Far East based? Businesses, presumably?
@Viking25
OK, understood. High net worth one imagines.
I'll refrain from probing further, though this sort of thing fascinates me.
I know Tony Bloom via poker, & back in the day I was pals with a guy named Martin de Knijff, a very good poker player who then branched out into sports betting syndicates.
That last name name rings a bell, wasn't he involved in the start up of Metric Gaming? One of their employees joined Football Radar when I was there and he mentioned about an ex poker pro being their founder/CEO or some sort?
When I met Martin he had just won a WPT, & when we chatted we realised we had a mutual acquaintance in Tony Bloom. The pair of them shared a corporate box at Stamford Bridge. I first met Martin at his (illegal...) poker club in Stockholm where he was running a poker festival, think this was around 2004, & he was was trying to interest me in the syndicate, but it was way too rich for me, the minimum investment was £30,000 per quarter.