Welcome mobsters, if you are reading this blog for the very first time, I thank you for your initial interest. I think that if you give it a little time, you will find something that will peak your interest.
I am a semi-pro poker player and an author. I am currently working on several projects for publication, and will be discussing them on occasion in this blog. If you are a fan then I warn you, from time to time there will be spoiler book ideas discussed.
A New Bankroll Challenge
I have been challenged by a friend to try something different.
I have been told to put my skills where my wallet is as they say. I am to build my bankroll on PartyPoker from $ to 10 000 USD.
Day 1 has already been a huge success!
Imagine this as a scenario. I am taking on the role of a poker player who for whatever reason just cannot make a real money deposit of his own for some time. However, life being what it is, I am unable to make ends meet financially and I require a minimum or an extra $150 each month just to stay above board.
Having no other options I decide to turn to my love of online poker. Because I am a member of BankRollMob I have built up enough mobpoints to do a $56 USD cashout. This is not the same as taking a Non-Deposit Bonus but it is as close as I can get.
This is my new starting bankroll on day one. I need to make just $5 USD each day and continue to move my bankroll upward so that each month I can cashout $150.
So on day one I began with my BRM $56 cashout and I set to work to grind out just $5.
Instead of the normal approach to my bankroll which has been to very aggressively attempt to build it as fast as possible. I am going to try using the turtle method to build slowly but steadily upward.
My goal is to make just $5 a day.
Yes I know that does not sound like much money at all. However, when one thinks about it, I have actually only had one cashout in the last nine months.
It was for $1000 USD. So if I make just $5 a day times 30 days that would be $150.
I can do a lot with an extra $150 USD each month.
Today is November 21st,2014 and I have officially just begun this new challenge and after just one grind session on a NL Holdem 0.02/0.04 table I have already built my bankroll up by $8.70 USD.
It is only 3:30 am and I have already surpassed my daily quota. I can play as calm and patient as I like the entire rest of the day and not worry. If I lose $3.70 I will simply stop playing until tomorrow and once again move along.
Will keep you informed as things continue to progress.
Wishing you all the best
Section 3: The daily rant
I want to state for the record that the above challenge scenario is to show that anyone who uses strict Bankroll Management and plays with a calm, relaxed, and disciplined approach, should be able to start with a very small bankroll and build it into something worthwhile. I have been in exactly this type of scenario before, I was forced to survive for 18 months with my only source of income being online poker winnings.
Thank God this is just a simulated scenario and not really the fat of my life these days.
I plan on make daily update in my blog about this struggle in my attempt to show that it can be done by any BRM member. It should be a fun ride and I hope I prove to be successful and as a result an inspiration to all my fellow mobsters.
I wish you all total success in your live in all you do.
Well until next time.
Section 4: A Poker Quote
The guy who invented poker was bright, but the guy who invented the chip was a genius. ~Julius "Big Julie" Weintraub
If, after the first twenty minutes, you don't know who the sucker at the table is, it's you. ~David Levien and Brian Koppelman, Rounders
Well until next time, be cool.