Friday, May 30, 2008
Which brings me to the topic of this post. Since starting to play, I've relied on my experience to teach me what I needed to know. This costed me money hence the coined term, tuition. Each poker player would've lost a certain amount before they started winning. The tuition varies from player to player. Unfortunately, some people never get their money's worth and never learn. They never graduate and they keep paying the tuition until they decide to stop playing.
One of the biggest mistakes I've made was that I've only started to track my wins and losses a year and a half ago. Before that, I've no record of anything. I don't even know if I'm up or down. I would imagine I payed my fair share of the tuition. Now it's just a matter of making sure they pay it to me.
Monday, May 26, 2008
I actually started this even before I knew what I was aiming for. I knew I didn’t want to deposit any amount to an online poker room and my options were limited to playing freerolls. I’ve earned some money in Pacific Poker but the field has multiplied since and I’m no longer able to get in the money now. I’ve been playing freerolls on PokerStars but I’ve never been in the money there.
But now I already have a feasible plan to get my first deposit free. It’s through the commission I get from the ads on my blogs. I would’ve been blogging with or without me earning from it so the amount I get from ads would really be unallocated and it’s going to be my poker bankroll.
My goal is to get from Php 0 to Php 1,000,000 ($23,386). If I reach my goal through poker or if I reach it through ads, I don’t much care. But I’d prefer it if I reached $23,386 in online poker and another $23,386 through the ads. J
My rules for this challenge are simple. When I reach a certain amount from the ads, I’ll transfer them to PokerStars. I’ll try to build it to get to my goal. I’ll still continue to save the earnings from the ads in case I lose the whole bankroll and I have to reload. I won’t withdraw my PokerStars money until it reaches the goal or it’s a matter of life or death and I really need the money.
My real goal is financial independence (poker-wise), the state of always having money to play with. I want to experience the feeling of being able to play any tournament regardless of the buy-in or ring game regardless of the stakes. I want to be able to provide for a family and still be able to play and not have to compromise any of them.
So the race is on.
Target date of first deposit to PokerStars: Sep 1, 2008
Target date to reach half-way mark: Feb 15, 2009
Target end date of whole project: May 26, 2009
Saturday, May 24, 2008
However, I've thought of a better way for me to deposit. I won't spend what I earn in the ads you see on this site. Instead, I'll save them and use them as my online bankroll. And it makes perfect sense since I'll be earning these through readers of this poker blog. I guess it'll be a way to make the poker community useful as they would indirectly be financing my bankroll. It's the "payment" I get for providing this "service". I might as well get something back for writing this.
Sunday, May 18, 2008
Tuesday, May 6, 2008
There was a noticeable difference in my play. It was a cash game which from previous posts show, is not my strongest point. But I was able to discipline myself not to chase cards. I never took unnecessary chances and I was able to stand up without losing all my winnings. These are what I've been writing about which I've never actually learned. Until I started playing with someone elses money. It made me more focused and it made me more disciplined.
This wekk I'll probably play some more cash games and hopefully, aside from focus and discipline, I'd also gain consistency.
Friday, May 2, 2008
Seems simple enough. Now all that I need to do is to wait for the Team Poker Event which was moved to May 17. Tough luck.