Thursday, December 31, 2009

2009 review


I think I can best describe 2009 as a solid year of poker for me. After a somewhat disappointing start to the year i've still made a reasonable profit of $8k.

More importantly I still have my passion for the game which I think is partly due to the fact that i'm not playing huge hours and never force myself to play when I don't feel like it, so that interest in the game is well and truly alive.

I've maintained my current bankroll theory of withdrawing $1k for every $2k that I increase my bankroll by. I'm due for another withdrawal, but am still hoping the Aussie dollar devalues a bit more sooner or later to improve my return. Bank interest on those withdrawals is now up to about $80 per month, which is starting to become significant when you look at it over a period of time. (I am someone who likes to have passive income that I don't have to work for).

My goals from the start of the year:

Maintenance goals: (a continuation of what i'm doing now)

•Results: Average approx $1k per month total return (inc rakeback). I will be more than happy with a bankroll of $26k by the end of 2009, with half of that offline in some income earning investment. Ideally it would be good to produce this result with fewer hours played at higher stakes.
Result: A profit of $8k for the year. Whilst less than what i'd hoped for, playing fewer hours limited profits most months - as well as less bonus chasing. The first half of the year only produced $3k, so I had a much better second half - mainly in the last three months.

I had five months where I actually lost money on the tables (compared to two in 2008) although only one was still a losing month after rakeback. Still - this was my first losing month although all losses were recovered in the following month which was reassuring.

•Discipline: Only play on loose tables where I have good position on either a fish or maniac. Result: 100% achieved. I still can't recall the last time i've stayed on a table where it's turned poor, or even sat in on a poor table

•Discipline: Play within my bankroll and keep tracking results.
Result: 100% achieved - and with PT3 i'm now also tracking Cake (really should have installed that a lot earlier)

•Bonus chasing: Find at least one other long term site to play on (even if it a site I currently use on an irregular basis).
Result: Cake, Bodog, Fulltilt, and Pacific somewhat regulary. Pacific has dropped off in the last month or so

•Bonus chasing: Continue to research and take up the best bonus deals to maximise my return. Result: Have been a bit slack here as i'm a bit more settled in regular rakeback deals. That being said I still take up all added bonuses and the Fulltilt bonus was a great suprise.

•Research: Continue to check 2p2 and other forums a minimum of weekly for bonuses or specific site news and play advice.
Result: 100% achieved

•Research: check out other's blogs.
Result: 100% achieved although some have tailed off posting

•Motivation: Maintain motivation through occasionally mixing it up with freerolls and double up sitngos.
Result: 100% achieved although I am finding now that playing a lower volume is resulting in me staying motivated for as many cash games as I can get into

Motivation: Do not push myself to play when I don't feel like it.
Result: 100% achieved

Specific site goals:

•Play the Bodog monthly reloads until conditions change making them not worthwhile.
Result: 100% achieved - still playing them

•Play the interpoker monthly bonuses until crypto is no longer EV+.
Result: Unfortunately crypto is basically no more

•Take up the cake reloads whenever offered.
Result: 100% achieved - still clearing although clearance rates have halved, MGR deductions have also disappeared

•Pray for a fulltilt reload bonus .. I mean come on .. once every couple years sux.
Result: Score $300

New Goals from January 2009:

•Tournaments: Finally tabling at least two freerolls (mainly for the practice). Although having this goal probably won't change whether I do or don't enter tourneys. Affiliate tourneys always appear to be good value.
Result: Fail - although haven't had too many to enter this year so volume is a problem. Not a priority

•Reading: Have a read of the harrington tourney books so that I can at least see the reasoning of why i'm making particular moves and apply it consistently.
Result: Fail - and still not a priority

•Stakes: Get back into more $3/6 tables and at least take a couple shots at $4/8 on Bodog (and with any luck stay permanently there!).
Result: Achieved. Have played a bit of $4/8 (approx 3,500 hands) on Bodog where I initially ran super cold but am slowly clawing it back. Have also played a few $5/10 when the tables look good and results have been good so far.

•Results: Improve my BB/100 by focussing more on seat selection than I did last year.
Result: In theory successful. In practice failed, although the last few months have been very solid.

•Other: Am I going to get into no limit cash games? Doubt it.
Result: Haven't

•Tracking: Get round to converting my PT database to SQL ...
Result: Completed with my PT3 upgrade. Much better than before. Should have done it earlier.

I was hoping to have another $10k+ year, but didn't achieve that, however, i'm not actually disappointed with my results. I've achieved or mostly achieved the majority of goals that are a priority to me, so am happy with that as well.

From my midyear goals:

Is there anything that I want to add for the last half of the year? Well, not really. I'm hoping that my table and seat selection will start to show through in some more positive results on the table, and would like to also play a bit more at the $5/10 level, but those goals are both really encapsulated in my goals from the start of the year.
Result: More positive results were actually achieved in the second half of the year.

Current bankroll: $24,050
2009 profit: $8,250


nhggfu said...

good honest review dude, best of luck in 2010, and shouts from london

parttimebonuschaser said...

cheers mate.

have a great year on the felt