Friday, January 2, 2009

Where I am.

Well, last year poker genrated a significant amount of my income. It allowed me to court a young lady from accross our mighty continent and help her move to my fair city. However, that took its toll on my bankroll.

I rebuilt it partially through grinding SNGs. I used some of this money to buy a jumbo monitor and then lost quite a bit of what was left (about half), in a downswing. I failed to recognize how often I was entering losing situations in heads up play and limit hold 'em by playing casually without my arsenal of equipment and dilligent review.

I don't plan to let this happen again. Right now I have enough money to play at the lowest stakes possible at both pokerstars and fulltilt (just to pass the time really). I plan to deposit $1k into each site by the end of next week. This will give me a decent sized bankroll.

It's enough to play 3 games I know I can beat:
  1. $50 NL.
  2. $.5/$1 Limit games.
  3. $10-$30 sit n' gos.
It is also enough to practice $10 pot limit Omaha and take some shots at mid buy in tourneys.

At these limits, I can play 4-8 tables comfortably and achieve an earn on the level of a skilled tradesman's wage if I am winning. Right now, I wouldn't earn that, so I have to start down a level to practice.

So, until later in January I'll be playing $5 SNGs, $25 NL and 0.25/0.5 limit hold 'em and getting used to playing poker for longer sessions and more money.

This will be difficult because these stakes don't cost a lot of money. Playing badly doesn't affect me enough mentally, so I must practice good decisions for good decision's sake. I'll post more as I play.

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