Sunday, August 9, 2009

$20,000

Taken a while, but i've finally hit the $20,000 mark. Been a bit slower going than i'd like this year, but its nice to achieve the next milestone.

I played about an hour and a half on the weekend, and even then it was often only a couple tables max. The first hour was pretty slow going - made maybe 10BBs on a $3/6 table and even on a couple others.

However, the next session I ran reasonably hot, with a couple aggro donks donating me 40BBs in the space of 20 minutes on one table. Add on about 5BBs on a $5/10 table and a bit of rakeback, and when I completed my balances spreadsheet, I was pleasantly surprised to have hit the $20,000.

I'm sure its much smaller than a lot of people have made from poker, but i'm happy with how things are going, and the levels i'm playing at.

Have to make a cash withdrawal per my bankroll strategy, and i'm sure i'll use a portion of it for some kind of reward for effort.

Current bankroll: $20,000
August time played: 7h30
August profit/(loss): $300

6 comments:

havin_a_laff said...

congrats. don't minimise this. celebrate the latest milestone. from where I'm sitting this is a great achievement

Starlight Coast said...

Absolutely awesome bro. You should be rewarded and congratulated. You are truly an inspiration to every grinder out there.

The blindman said...

Fantastic work. You should definitely figure out a dividend strategy. I'm mightily impressed that you have grinded $20k without spending any of it!

My strategy has morphed into the following:
-I keep track of my gross profit, my poker expenses and my "total dividends".
-If total dividends constitute less than 20% of my gross profit, I am permitted to take a dividend (e.g buy dinner with my Neteller card).
-Poker expenses are permitted to be up to 5% of the total profit (e.g software, books, mobile internet, training sites), but generally constitute much less than that.

honduras504poker said...

Congrats!
Hope I can bring my game up to that level.

Do you have a direct link to your bankroll strategy? I did not find it in your blog, I guess it is lost in so many posts.

Congratulations again! Keep it up

parttimebonuschaser said...

Good point honduras.

I added a labels list which includes bankroll management and a search feature as it was a bit tricky for me to find as well!

parttimebonuschaser said...

i dont mind that strategy of yours blindman.

i just take poker expenses straight out of the bankroll. Don't have a fixed limit, but its generally $0 so not really an issue. (i think i've only bought a few books and a couple hand grabbers).

I still suspect I won't actually ever redeposit what i've withdrawn, although i'm sure I will use some for live play.

Any treats from play though I will take from that withdrawn cash.