Monday, April 28, 2008
Tuesday, February 26, 2008
I am Iron Man
Posted by Weblomaniac at 4:40 pm 1 comments
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Sunday, February 24, 2008
Full Tilt Poker - Bankroll Challenge 1 completed
It's been a while since I last posted but I haven't given up on my bankroll building challenge. Since my last post at the beginning of January I played a few more games on Party Poker with little success so my Party bankroll is currently sitting between $500 & $600.
I then discovered I had an unclaimed deposit bonus sitting on Poker Stars so I played a bunch of games over there with mixed results and cleared my bonus. account on Stars is now sitting at just over $100 so it's ripe for a bit of bankroll building in the future.
The good news is that during February I really skrewed the nut and got back to some serious bankroll building activities. I had been itching to get building on my Full Tilt account as my initial impressions of the site were good and the competition reasonably easy. So when I discovered at the begining of February that my initial deposit bonus was due to expire at the end of February I descided it was time to really start busting a gut on Full Tilt. Around this time I also found out about there Ironman challenge and it has proved another good incentive to make sure I play a reasonable number of games each day.
It's been a busy and successfull month. I have had a few ups and downs but have been running really hot recently as you'll see from the graph. At the start of the month I was playing mainly $5 games with the odd $10 mixed in but recently it has been all $10 SNG's with the odd $20 mixed in for good measure.
Running Total: Played 252 / ITM 41% / ROI 17% / Profit $413
That means I've managed to complete my Full Tilt challenge in 65 games less than it took me to achieve the same on Party, and I've done it much more quickly, less than a month this time.
The stats I've just quoted are slightly out because there is $80 of deposit bonuses in there, but there is also a loss of $55 from a player transfer to a friend that I was staking, so the bonuses and the stake almost cancel each other out.
I can thank the Ironman challenge for helping achieve my goal so much more quickly this time as it has forced me to play 8 x $10 SNG's each day. There have been a few missing days when I have had other commitments but I've never managed a month with more than 250 SNG's before. At the start of February I was multi tabling with two tables reasonably comfortably but things tended to take a nosedive when I increased beyond that. Now I am happily multi tabling three tables and the lovely steep section at the end of the graph was achieved running three tables.
What comes next is more work on Full Tilt. I still have one more day of playing to get under my belt before I get my February Iron man medal . My target for March is to go for Iron Man again but by the end of the month to be running $20 tables as the norm and dipping my toe into the odd £30. My bankroll target is to be up to $1,200 by then. And.... I'm going to try and get back into the habit of blogging a bit more regularly again.
Posted by Weblomaniac at 7:15 pm 4 comments
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Tuesday, January 08, 2008
Happy New Year
So now it's the New Year and time to knuckle down to the challenge again, wish me luck...
Posted by Weblomaniac at 8:39 pm 0 comments
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Saturday, November 24, 2007
My hourly rate playing poker online sucks
It's not exactly a huge surprise that my hourly rate playing poker online sucks, but at least I can measure it and try and improve it as I work through my next two challenges, and that's a start I guess.
I've been using an excel spreadsheet to track my results more or less since I started playing poker online and I continue to use it even though I now use Poker Tracker to record everything and am reasonably comfortable finding my way around it. I log every game in my spreadsheet and it gives me a really nice snapshot of where I am at. I start a new page in the spreadsheet each month, or with each new challenge and have a summary page at the front that errr... summarises everything. If you don't alreaqdy use a spreadsheet or Poker Tracker to track your game, you should. Feel free to download a copy of my poker spreadsheet and use it yourself. I'll post a video tutorial on Poker Tracker sometime soon as it is a bit daunting at first, but the data it can give you is just awesome.
The challenge took approximately 2.6 months, during which I played for 163 hours. That equates to approximately 1 month's work in a 9-5 job. After all that effort my hourly rate equates to $2.48. To put that in perspective the national minimum wage in the UK, expressed in dollars is $11.38. To feel comfortable enough to become a professional poker player I would want to be earning £75,000 a year which would equate to an hourly rate of approximately $75. For my next two challenges I need to be looking to increase my hourly rate rather dramatically, lets set a target of say $4.00 per hour on my Full Tilt Challenge and $7.50 on phase 2 of my Party challenge. In short I need to play more hours, with more simultaneous tables, at higher levels and achieve better results. Should be easy then!!!!!
That's it for this quick post but I'll post some more statistics on phase 1 of my challenge soon, so we can drill into the profitability of different game types and start looking at hand ranges, positional play etc..
Till next time..
Posted by Weblomaniac at 10:56 am 5 comments
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Friday, November 23, 2007
Poker Bankroll Building - New Challenge Commences
Now that I have completed stage 1 of my bankroll building challenge and boosted my bankroll on Part Poker from $200 to $600 I am ready to progress to my next challenge. However for the next stage I am going to run two seperate challenges.
My initial challenge was inspired by Alex Martin's excellent "Bankroll Boosters" article in the September 2007 edition of Inside Poker magazine. The first half of my new challenges is to move onto the second phase of this and boost my Party Poker bankroll from $600 to $1,200. The second half of my challenge is to repeat phase one on another poker site.
The rules are as follows...
Full Tilt Challenge 1
I have deposited $200 on Full Tilt Poker and am going to work it up to $600 playing $5 and $10, 9 man Sit and Go tables. There are various reasons why I've decided to do this on Full Tilt including.
- Great 100% deposit bonus (could be worth $200 to me as that's what I initially deposited)
- Site is always busy
- The software is really nice
- The games I've tried so far seem reasonably good, the players are more preictable and passive than the loonies I keep encountering on Party
- The blind structure is a bit slower than Party which will favour skillfull play more then luck
I have already started playing a few $5 games on Full Tilt and my bankroll is already up to about $240 with an ROI of around 40%, when I get it to $250 I'll start testing out the $10 tables.
My goal is to maintain a better ROI than my initial Party Challenge and reach my profit target in significantly fewer games than the 316 it took me on Party.
Party Challenge 2
My target on Party Poker is to boost my $600 bankroll there up to $1200 by playing $20, 10 man Sit and Go tables. The target timescale is 2 months and 300 games with an ROI of 10% (which will be tough if I'm running two challenges concurrently)
I will provide a little more detail on both challeges as I start posting about my progress in them. I will also be posting a review of Full Tilt and some detailed stats, analysis and strategy articles over the coming days and weeks.
In the meantime if you have any questions, suggestions, comments or abuse... just leave a comment below. If anyone wants to join me in my challenge and try it too I would be delighted to accept the challenge, although I won't be going for a Tank vs Dale mental endurance marathon. If you haven't tried Full Tilt or want to Join me click the Full Tilt banner at the top right of my Blog and claim your 100% deposit bonus.
Wish me luck, Here goes....
Posted by Weblomaniac at 6:27 pm 5 comments
Labels: Bankroll, Bankroll Booster, Full Tilt Poker, Party Poker, Sit and Go, SNG
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Poker Bankroll Building - Phase 1 Completed
Posted by Weblomaniac at 12:33 am 0 comments
Labels: Bankroll, Party Poker, poker
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Tuesday, November 20, 2007
High Stakes Poker - Sammy Farha vs Jamie Gold
Oh my god, this show is just so awesome, each new episode sets a new standard in TV poker. This episode should be re-named the Sammy Farha show as we see lots of action between Sammy and 2006 World Series of Poker winner, Jamie Gold.
Both these players love to gamble and like to talk a lot during the hand to get reads on their opponents, well you'll see a mastercalass in this episode. Raisy Daisy...
If the video panel below doesn't show up properly use the links below to watch the videos on PokerTube.
High Stakes Poker Season 4 - Episode 13 - Part 1/4
High Stakes Poker Season 4 - Episode 13 - Part 2/4
High Stakes Poker Season 4 - Episode 13 - Part 3/4
High Stakes Poker Season 4 - Episode 13 - Part 4/4
Posted by Weblomaniac at 2:40 pm 0 comments
Labels: All in, High Stakes Poker, Jamie Gold, poker, Raisy Daisy, Sammy Farha
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