Friday, October 17, 2008

0 to 1,000,000 - 3rd Update

I'm still on my 0 to 1,000,000 challenge and it's looking good. I've been sticking to my plan and I've never failed to meet the 3% daily for this last week. I've often exceeded the target because the pots I win is more than what I'm actually targetting.

I currently have $156.65. If I was getting only exactly 3% daily, I'd only be at $101.79. Luckily, I've always exceeded my target. The only downside to my plan thus far is that the 3% target can be met in just a few minutes. a couple of days ago, I only played 2 hands for the entire day. It's the only downside but it's a very major one. I don't get to play anymore. However, I'm still sticking to it. I think it's a good strategy and I'm experimenting on how far I get doing it.

8 comments:

Ordnacin said...

Not to be a party popper but to earn 3% roi everytime you play you will have to risk a significant portion of your bankroll everytime thus increasing your Risk of Ruin. Plus simple math dictates you will have to lose sometime so you need to earn more than 3% to compensate for the times you lose. - 11Finger...

Ross said...

True. I risk a maximum of 18% of my total bankroll. I understand that this is a lot but consider that I am also aiming to win just 1/6 of that buyin.

oluaris said...

the problem is if you get into situations like KK vs AA, set over set, FH vs FH, or something similar where you get stacked... if you are hit by a single loss like that, you would need 7 days of 3% wins to make up for it... get hit 2 or 3 days in a row and you would need 2-4 weeks to recoup.

But I do admire your discipline in following your plan. I can't imagine myself leaving a table just after a couple of hands (whether I doubled up or got stacked in those couple of hands).

GL! I hope you hit your 1M goal much sooner than you planned.

Ross said...

I can take 1 bad day. That'll just set me back a week. But I try to avoid those situations. I even folded my over-pair KK because the flop bet was way too big compared to the pot.

Anyway, thanks. I'll keep everyone updated.

mnlgrind said...

do you have a plan B?

Ross said...

Come to think of it, I don't. I need to come up with one.

Mr.Benga said...

good luck bro. not that you need it or anything!

wishful thinking.

Ross said...

Thanks! BTW, I'm currently at $240. Haven't had a losing day. And I've been praying like hell! ("Praying like hell" that doesn't make sense)