It’s Goal Time
Posted on November 20, 2004
Since getting serious about my poker playing, the bankroll has been doing very well. It seems like yesterday, but it was almost two months ago that I took $130 profit from a year’s worth of playing at UB and added a $300 starting bankroll. Since then, I’ve taken the $300 out and now my bankroll is entirely composed of profits. It’s sitting at about $2,000. I figure it’s time to set some goals for the coming months.
Yes, the blogger tourney win did contribute $800 to the bankroll and I’ve had about $200 in bonuses, but my win rate at the ring games has been steady. When I was playing .5/1 I was pulling in over 5.5 BB/100 hands and at 1/2 it’s almost 5. If I could eliminate the tilt factor that creeps in here and there, I’d be cleaning up even more. I know I have plenty of things to work on, but the foundation has been set and seems to be supporting some of my weaknesses.
I plan to move up to 2/4 soon since I have no reason not to. My bankroll is well over the 300 BB required to play there. Anyone playing 2/4 notice a big difference in the level of play?
OK…on to the goal. At the end of March the lease is up on my car and I plan to buy a used SUV of some sort. I’ve had my eye on the GMC Envoy for a couple of months now, but have yet to take one for a spin. I don’t have much money stored away in a savings account. Basically enough to pay the bills each month and some extra in case of an emergency. I’d like to be able to afford a nice down payment on the vehicle and my goal is to have it all come from other people’s poker donations.
The way I figure it, I have about three and a half months to grind it out. If I can move up to 2/4 soon and then 3/6 in that time period I think I’d be able to have a nice stack of chips to hand over to the dealer (car dealer that is). I don’t think it’s too unreasonable to shoot for the bankroll to be at $7,000. I think I’ll move up to 2/4 in the next few days and then have another goal to be playing 3/6 by the 1st of the year. Who knows, I might move up to 2/4 and find out that I’ve been extremely lucky. It can’t hurt to take a shot though. If you have a vision, you can reach that final desitination. Without it, you’re wandering around blind.
If I can hit $7,000 I’ll be able to pull out $5,000 for a down payment and still have $2,000, which is enough of a bankroll to still support 3/6.
What are your poker goals for the coming months?
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Don’t forget to leave out some money for the tax man! Personally, I haven’t noticed a big difference between $1/2 and $2/4. If you’re crushing games at $1/2, you’ll crush them at $2/4. (try the bad beat tables… they’re Extra Special Juicy(tm)) $3/6 is where you start to move into a slightly better level of play, but you’ll still see lots of people at the tables with more money than brains.. but your pre-flop raises and check-raises tend to get a bit more respect.
Oh yeah…almost forgot about giving a portion of it to Uncle Sam. I hate the IRS!!
If I could eliminate the tilt factor that creeps in here and there, I’d be cleaning up even more.
I just started reading Zen and the Art of Poker, I can’t say that it has really helped my game much, but then again, I have been playing almost as much as I have been reading lately. I have been picking it up and reading it when I have a spare few minutes here and there due to the format in which it is written. Just a thought…
It’s on my Christmas list.
to $2/4 limit hold’em and was doing well. A few days before, on the 20th, I had even set some goals. Oh how quickly it all changes. Over the next seve [...]
y I had plugged the holes in my game a month or so ago, I’d be well on the way to my original goal. At least I’m well on my way to reaching the new goal I had set two [...]