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Pavillion
Member Posts: 103
Thanks Penguin - lets see if this works
First some history. I have been playing Poker now for about 6 years, mostly live in Canada, before I returned to England mid last year. Based on the lack of local live casinos near me in Lincoln I opted for the online route.
I have been playing on this site for about 6 months. Three major things I enjoy a) Play in £'s b) The Forum and c) The TV Channel. My live experiences in Canada showed a small profit but I have not had the same success online.
My last deposit on Sky was in October. This went the same way as previous ones in 2011. During September I reached a bankroll of about £400 but lost it due partly in my opinion to a) not playing under correct conditions (I would regularily grab 5 mins whenever I had chance instead of making sure I had at least an hour uninterrupted time to play)
b) total disregard for bankroll management. Playing well above my bankroll consistently. Two tables at 20p/40p (this didnt seem very high as I was used to playing $1/$2 in Canada, but on reflection that was live) or short buying 25p/50p (really enjoyed these games but I know I should firstly always buy in for max and secondly should be playing at much lower limits, I had some good days where I would win £50-£100 but also some days I would lose that)
c) variance and unlucky (well I couldnt tell my wife I wasnt any good could I, Ive been playing a few years now and she thinks I should be winning, plus I used to bring money home when I played in Canada lol)
d) poor play - think I have been fishing and bluffing too much
I normally allocate £150 per month to poker as money I can afford to lose but dont want to of course. My wife convinced me (or told me) to put £100 in a savings account and £50 to Sky each month. Sometimes she has good ideas but I wont tell her that. At least I will have £1200 at end of year towards my next Vegas trip.
So today, £50 has been deposited. Whats the plan?
a) only play when I have at least 1hour uninterrupted available
b) play 1 table 2p/4p until or if bankroll moves to £120 then add a second table and add a 3rd table at £200
c) if get up by 2.5 buy ins on a table then cash out and reselect another table
d) only move up to a higher level when bankroll reaches £320 and start again at 1 table
e) only play mtt or any other game - timed, sng, dym IF winning on cash table for that day. All of these should be £2.30 or less until bankroll at least £320
f) create a daily stop loss of 2 buy ins thats 2 x £4 = £8 to start. Never deployed a stop loss before but seems a good idea. Thats gonna be a tough one to stay disciplined, especially if I lose early in the day.
g) tighten up my game, play more abc poker.
h) keep a spreadsheet of records.
i) once I get a bit of a bankroll invest in a mentor to help my game - any offers?
All this sounds reasonable, lets see what happens. I will post my results here daily if there is interest. I believe by doing so it helps me keep focused and disciplined. Any comments on the outlined strategy would be appreciated.
See you at the tables.
Pavillion
Comments
An hour uninterrupted should be the bare minimum (with no distractions too). You need to be able to keep going if you find a table where you have an edge. Then more time to review your play too.
The wifes plan is poor though, Vegas is a long way off at £100 a month.
Why not an SPT weekend in Nottingham in September ? Play the Grand Final or just a bit of cash if you prefer.
Not far from Lincoln !
Good luck
only thing i would say, it can be a slog n take a long time grinding 1 table to reach £120 before adding another. its more than possible to revise this figure down
If you have confidence, patience and dicipline. At uni I saw my housemate run $10 into 2k in 5 days at dym'a and multi tabling cash, just building and moving up..
I remember hearing that Ferguson ran up 10k from freerolls and profits from freerolls, just to show you can. People likely know more specifics than myself on this. Also is maybe slightly jaded now in anycase
Good luck, please let us know how you do.
YES YOU CAN..
having recently turned 51 into now 1500 in less than 4 months you can do it
Firstly, your wife sounds like a very sensible lady.
Secondly, best of luck.
Stay disciplined and focused and I'm sure you can do it.
id say at least play two tables with solid poker your nit likely to donk of £50 in a single month plus more tables more chance of C4P.
Anyway good look prob cya at the tables.
Four days is still a very small sample, don't let the the lack of progress so far get you down. I can assure that all players, including the very best on the site, regularly get losing spells of 4 days or more. At least you're slightly up, it could be much worse. I'd lost 8% of my bankroll after the first 2 days of my £51 challenge, now I'm surging ahead. Keep focussed, you can do this.