0 to 1,000,000 - 6th Update

2 days ago I went through the worst run on this challenge. I went from $350+ down to $122 in a span of 2 days. I was so disappointed and heartbroken that I stopped playng for 2 days. Now I'm back to playing $0.10/$0.25 ring games when I was already at $0.50/$1. I may have moved up too fast but I wanted to see if I could reach the million by November 30. Seems I can't. Well, I'm still up and that's what matters.

0 to 1,000,000 - 5th Update (Back On Track)

After writing the previous update I went on playing and the day ended at $219.90. But today, I was able to recover my losses and I'm back on schedule. It took 7 hours of play but now I'm at $308.10.

I got rid of that tilting feeling by playing FPP tourneys and it did the trick. I got to play without sacrificing more of my bankroll. So now I can continue with what I was doing.

0 to 1,000,000 - 4th Update (My First Setback)

I've been religiously following my plan to get to my 1,000,000 goal. And today I was my first losing day.

I started the day with $240.10 and it's currently $233.25. It's a small amount but it's major setback as far as the greater scheme of things. I can't play ring games today because I'm still thinking about my loss. Instead, I'm playing a 10FPP tournament and a $2.20 MTT. Hopefully I place in the money in one or both of these tournaments to get my confidence back.

Pokermanila EB

I've been a member of the only poker community forum here in the Philippines for a while now and the community is growing. Members of Pokermanila represent the bulk of visitors on this blog. I've met a few of them in person but the site has never had a grand EB before. Or at least not while I was an active member. This also doesn't include eyeballs online playing freerolls.

I'm really hoping we get to have an EB soon. (Guys, this is a call out that we need to have an EB)

If you want to be a member of Pokermanila, just go to http://pokermanila.com.

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.

Poker Acronyms

For the benefit of readers who feel that the poker acronyms used in my posts are jargon, I’ve listed some poker acronyms I often use throughout the blog. I’ve listed them alphabetically.

APPT – Asia-Pacific Poker Tour
BB – Big Blind/Big Bet
FD – Flush Draw
FPT – Filipino Poker Tour
FT – Final Table
FTD – Final Table Donkey
GL – Good Luck
ITM – In the Money
LHE – Limit Hold’em
MTT - Multi-Table Tournament
NLHE – No Limit Hold’em
OESD – Open-Ended Straight Draw
PLO – Pot Limit Omaha
PS - PokerStars
SB – Small Blind/Small Bet
SNG - Sit and Go
STT - Single Table Tournament
UTG – Under the Gun
WSOP – World Series of Poker

0 to 1,000,000 - 2nd Update (Daily Strategy Guide)

I've written about my 0 to 1,000,000 challenge 5 months ago and I've never forgotten about it. I've only just began building my bankroll and now I can start working towards my goal. The challenge is to get to Php 1,000,000 by May 26, 2009. I was supposed to start from $0 and work my way up but it was taking forever to build so I had to deposit $23 last month. I wasn't cheating. The money I deposited came from the money I earned from selling my poker chip set. It was sort of still related to poker anyway. I was supposed to use the money from ads to fund this challenge but that too is taking forever.

Anyway, now that I have a bankroll, this is my planned strategy. Each day I play, I'll just aim for a net profit of 3% of the current bankroll. 3% is nearly nothing and it'll be (theoretically) easy to get that 3% without risking a lot. I also need to limit playing ring games with a BB that's 0.5% of my total bankroll. I'll only limit myself to buying in 30x BB for that ring game in order not to risk too much. If I'll play an STT, the buyin should not exceed 5% of my bankroll. For an MTT, buyin should not exceed 2.5%.

I currently have $85.25. I need to earn $2.56 for the first day through playing a ring game with BB not more than $0.43. As the days progress, I'll be playing on the bigger table but still trying to win only 3% of my bankroll. It's estimated that I reach $22,085 (Php 1,000,000+) by the 189th day or April 18 if I play daily and I always reach the 3% target.

Sounds simple enough. Now I just have to play. Wish me luck.