I havent been able to play very much the last couple of days, but the little I have played has been good. I am currently to $954 and playing in one $12 45 man turbo on Stars. I think this would be a good time to tell you a little about my strategy for this quest.
I am focusing on mostly 45 man turbos to grow my bankroll. I have had a lot of success with these, and I really like the format. Most are over in less than 90 minutes, and I can play 4 at a time without any performance dropoff. I have also set up a formula for my bankroll on what levels I can play. Basically, I make sure I have enough for 40 buy ins for any given level. In order to move up to the next level, I have to reach 48 buy ins. I then allow a 16 buy in window at that level before I have to move back down. Until last week, my longest streak without cashing was 16. It is now 20, but my wins also seem to go in streaks. So my current bankroll is 954, so I am playing $12 tournaments until I get to $1296 (40 tournaments* $27 = 1080, Plus 8 tournaments *27 = 216)
I hope that makes sense. I will do my next post from my other computer which has the spreadsheet, so it will probably be easier to see.
Well, I just busted out of the tournament I was playing. AQ vs 77. 7 0n the flop. I will update again tomorrow.
Friday, October 30, 2009
Tuesday, October 27, 2009
I'm Back to Document the $10K Challenge
Hello everyone,
Sorry for my long absense from blogging. I had a long period there where I lost a lot of interest in poker. The whole scene and lifestyle started to wear on me, so talking about poker was the last thing I wanted to do. Blogging took even more effort, and so my heart just wasnt in it.
However, my passion for the game has been renewed by a good friend and one of the best tournament players I know (yes, I taught him everything he knows. HA!). My friend Travis is an avid student of the game and mentioned the famous $0 to $10K challenge that Chris Ferguson made famous on Full Tilt. This challenge sparked my interest because it is all about bankroll management, which most players dont have the discipline to to maintain. After talking with Travis, I decided I would do a similar challenge, but enforce my own bankroll management rules and see where it goes. Travis was already underway starting with $100 and trying to get to $10K. He shipped me $40 to start and I quickly grew that to $150 and shipped the original $40 back to him.
I know we are not starting at $0, but freerolling for weeks at times that are inconvenient to play are not worth my time. Instead I thought it would be good to show that you can make a small deposit and grow it slowly and steadily into something meaningful. My target is also $10K, however, once I reach $10K, I plan on cashing out any amount above $10K on a weekly basis and have the original $10K as my base bankroll.
I have been going for three weeks and am currently up to $800. I plan on keeping a semi-daily log of my progress here, as well as continue to explain my theory on Tournament bankroll management, as well as posting my self inflicted rules. So far, I have done a decent job of sticking to them, but have wavered a few tilty drunky nights. Luckily, I have not wavered enough to destroy my bankroll.
Til Tomorrow!
Sorry for my long absense from blogging. I had a long period there where I lost a lot of interest in poker. The whole scene and lifestyle started to wear on me, so talking about poker was the last thing I wanted to do. Blogging took even more effort, and so my heart just wasnt in it.
However, my passion for the game has been renewed by a good friend and one of the best tournament players I know (yes, I taught him everything he knows. HA!). My friend Travis is an avid student of the game and mentioned the famous $0 to $10K challenge that Chris Ferguson made famous on Full Tilt. This challenge sparked my interest because it is all about bankroll management, which most players dont have the discipline to to maintain. After talking with Travis, I decided I would do a similar challenge, but enforce my own bankroll management rules and see where it goes. Travis was already underway starting with $100 and trying to get to $10K. He shipped me $40 to start and I quickly grew that to $150 and shipped the original $40 back to him.
I know we are not starting at $0, but freerolling for weeks at times that are inconvenient to play are not worth my time. Instead I thought it would be good to show that you can make a small deposit and grow it slowly and steadily into something meaningful. My target is also $10K, however, once I reach $10K, I plan on cashing out any amount above $10K on a weekly basis and have the original $10K as my base bankroll.
I have been going for three weeks and am currently up to $800. I plan on keeping a semi-daily log of my progress here, as well as continue to explain my theory on Tournament bankroll management, as well as posting my self inflicted rules. So far, I have done a decent job of sticking to them, but have wavered a few tilty drunky nights. Luckily, I have not wavered enough to destroy my bankroll.
Til Tomorrow!
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