Well that was fast.
I placed barely out of the money in four (4) tournaments in a row. Leaving me with a mere $0.21. With only $8 to start the month I knew that I was taking a huge risk by playing the $2.00+.25 SNG's rather than the $1.00+.20 buy-in's. I simply couldn't justify the larger rake they take from the $1 games - 20% vs 12.5%.
Now I'm effectively busted. $0.21 isn't enough to buy into any SNG at Full Tilt, nor is it enough to buy into a cash game; even the smallest. They require $0.70.
There are still a few options, though none of them are particularly attractive. It looks like I'll have to start playing freerolls. Large mutli-table tournaments that have no buy-in, but still pay cash prizes to the lucky few. They are long and difficult.
Nobody said the path to $1,000,000 would be easy.
Here goes...
Wednesday, December 8, 2010
Sunday, December 5, 2010
November 2010 - Summary
November was the month immediately preceding the creation of this blog. This is the month in which my goal to become a millionaire playing poker was hatched.
Now I'm backed into a corner. I don't have a bankroll big enough to practice proper bankroll management, I've shown no progress toward my goal, there is no evidence at all that I'm a winning poker player and even if I was, the size of my bankroll means that due to variance, I have a very high probability of going completely bust. In fact it's a near certainty.
If I can get a little lucky in December, I might be able to grow my bankroll into an amount that gives me a little breathing room while I practice my game and attempt to become a winning poker player.
Fingers crossed.
Click image to enlarge |
- Tournaments Played: 39
- Net Won: -$4.35
- $/Tournament: -$0.11
- Days Played: 7
- $/Day: -$0.62
- ROI: -8.66%
Now I'm backed into a corner. I don't have a bankroll big enough to practice proper bankroll management, I've shown no progress toward my goal, there is no evidence at all that I'm a winning poker player and even if I was, the size of my bankroll means that due to variance, I have a very high probability of going completely bust. In fact it's a near certainty.
If I can get a little lucky in December, I might be able to grow my bankroll into an amount that gives me a little breathing room while I practice my game and attempt to become a winning poker player.
Fingers crossed.
Friday, December 3, 2010
The Goal
My goal is really quite simple.
Ha! A tall order indeed.
- To grow my 'bankroll' to $1,000,000 and
- To do it without ever adding new money.
Ha! A tall order indeed.
Hello World
I wish I could start this blog from the beginning. I can't.
The beginning for me was sometime in 2005. Online poker was all the rage. I had probably just finished watching the film Rounders, and on a whim, deposited $100 to Full Tilt Poker; played obsessively for a week or two and managed to build my bankroll to $128.96 before becoming distracted, or maybe bored, then promptly leaving my account to languish, forgotten, for nearly 5 years.
Fast forward to April 2010. To fend off another bout of boredom, I rediscovered my account. Did a whole bunch of reading about the game. Withdrew my original $100. Then proceeded to lose $18.80 of the winnings that were left over in the account. At least this time I was more organized; I used the original deposit to purchase Poker Tracker software. See below:
Of course losing $18 is no fun, so I left the game again until November of this year (2010). I'm back and willing to practice proper 'Bankroll Management' and also keep a journal of my progress. With this shiny new blog. I'm on a path toward certain riches. I can't lose.
The beginning for me was sometime in 2005. Online poker was all the rage. I had probably just finished watching the film Rounders, and on a whim, deposited $100 to Full Tilt Poker; played obsessively for a week or two and managed to build my bankroll to $128.96 before becoming distracted, or maybe bored, then promptly leaving my account to languish, forgotten, for nearly 5 years.
Fast forward to April 2010. To fend off another bout of boredom, I rediscovered my account. Did a whole bunch of reading about the game. Withdrew my original $100. Then proceeded to lose $18.80 of the winnings that were left over in the account. At least this time I was more organized; I used the original deposit to purchase Poker Tracker software. See below:
April 2010 - Tournaments Played: 27 Money Lost: -$18.80 |
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