My apologies for not updating in over a month. The reason I haven't updated is because I had really been unsure where my future in poker was headed this year. I will explain; I was in talks briefly with a friend and professional poker player that I admire quite a bit. He is a small stakes player who averages between $5000 to $10,000 a month. I had offered him a profit sharing deal where he would earn a generous supplement to his poker income. This would have been a very time consuming
relationship between coach and student. However, due to time constraints on his side we decided against it. So I have adjusted my goals for the year accordingly. One change I made after a brief conversation with him was switching back to Full Ring instead of 6 Max.
I also purchased a discounted version of Hold Em Manager from
Stoxpoker. I have no idea what has been my hold up. This may end up being one of the very best investments I have ever made in my poker career. Just being able to look at the numbers and now I am learning to make sense of all these numbers. Although, I will admit, I am just barely scratching the surface. I have so much more to learn.
So here are my goals for the 2008 and my projections for my bankroll through the year:
January -- playing $20
NL$200 (starting bankroll)
$100 (5 buy in win)
$100 (from
Rakeback)
$400 -- Total Bankroll at the end of the month
February -- $20
NL$400 (starting bankroll)
$100 (5 buy in win)
$100 (from
Rakeback)
$600 -- Total Bankroll at the end of the month
March -- $20
NL$600 (starting bankroll)
$100 (5
buyin win)
$100 (from
Rakeback)
$800 -- Total Bankroll at the end of the month
April -- $20
NL$800 (starting bankroll)
$100 (5 buy in win)
$100 (from
Rakeback)
$1000 -- Total Bankroll at the end of the month
May -- $20
NL$1000 (starting bankroll)
$100 (5 buy in win)
$100 (from
Rakeback)
$1200 -- Total Bankroll at the end of the month
June -- $20
NL$1200 (starting bankroll)
$100 (5 buy in win)
$100 (from
Rakeback)
$1400 -- Total Bankroll at the end of the month
July -- $20
NL$1400 (starting bankroll)
$100 (5 buy in win)
$100 (from
Rakeback)
$1600 -- Total Bankroll at the end of the month
Once I cross the $1500 mark with my bankroll I will take a shot at $50
NL because I will then have at least 30 buy ins for that limit. Before stepping up to higher limits beyond $50
NL, I will seriously consider having 40 buy ins or more.
The rest of this projection is assuming that I can continue to beat $50
NL at the same rate as previously projected with $20
NL.
August -- $50
NL$1600 (starting Bankroll)
$250 (5 buy in win)
$250 (
Rakeback)
$2100 -- Total Bankroll at the end of the month
September -- $50
NL$2100 (starting bankroll)
$250 (5 buy in win)
$250 (
Rakeback)
$2600 -- Total Bankroll at the end of the month
October -- $50
NL$2600 (starting bankroll)
$250 (5 buy in win)
$250 (
Rakeback)
$3100 -- Total Bankroll at the end of the month
This is where further discretion will come in. My biggest goal is to take shots at $100
NL by the end of 2009. November and December, may be used to make up my goals if my bankroll is not up to at least $3000 or in this instance we will assume that I use the remaining two months to build my bankroll at $50
NL.
November -- $50
NL$3100 (starting bankroll)
$250 (5 buy in win)
$250 (
Rakeback)
$3600 -- Total Bankroll at the end of the month
December -- $50
NL (at some point this month will also take my first shot at $100
NL)
$3600 (starting bankroll)
$250 (5 buy in win)
$250 (5 buy in win)
$4100 -- Total Bankroll at the end of the month
This is obviously just a projection. In a lot of ways this is a very conservative plan. I should be able to at
some point learn to beat my limits for more than 5 Buy Ins. However, the single biggest challenge may been that I haven't been a winning player very long if at all. So it will be interesting to see how the next 3 months shape up and if I can maintain this track. Another factor that makes this plan very conservative is that I am not using BB/100 goals or X number of hands per month goals. This is for two reasons, the first is that I don't have a problem averaging at least 2 hours a day playing poker and on the weekends I can play much more up to 6 or 8 hours a day. So if am at least a winning player and not on tilt I can simply play more to hopefully help me hit my goals. Second, I have not had Hold Em Manager long enough to know what my current BB/100 or monthly hand totals are.
So far this month I have won $100. The first ten days or so I was only up about $27. Today I seem to have run well and my bankroll has just tipped over the $300 mark. However, I'm only at about $50 in
Rakeback. The good news is I have 2 weeks to go. So lets up my bankroll continues to hold up. Maybe I can start out ahead of plan the first month that would be great.
Thanks for reading,
Brandon Mark