Monday, July 19, 2010

Goals for playing

I have goals both mentally and monetary. My financial goal breaks down something like this( knowing this is all from 8/1/10, which is when I plan to start this year long poker run I am going on).
- start with $1000 on 8/1. My goal is to gain 1K every month at least through live cash games and lower limit cash games online. The big thing is to make sure I am playing at a level of where I am not worrying about a re-buy and I feel comfortable. What I mean by that, is that 1k can go way further and make me more money at a 1/2 table then it can at a 2/5 or 5/10. Yes, I could win bigger pots quicker at a higher limit game, but I could also lose it very quickly. My starting with the $1000 is going to be $200 online and $800 for live poker.
- $200 for online. This will be used only for .25/.5 no limit cash games, starting with 2 windows open every time I am playing. My goal is to master each level until I move up to another level( sort of like a video game). I am basing that on winning 100 times the buy in. The max buy in for that game is $25, so I will play that until I have $2500 in winnings. This is going to take a long time, but after doing that, then I will move to 1/2 online. This is a long term strategy. This is not meant to win 500 a night, but more 50-100 each session that I play. I will play some small satellite tournies, but I am primarily focusing on cash games. I need to get the hands under my belt online, and also at this limit, it will help me to get my game down. I am spending the next 2 weeks figuring out exactly which site I want to play on, how I want to set up my place to play at home, am I going to play at work at all in my down time etc.. It is looking like pokerstars will be where I start, but I also like the way full tilt is set up. Once Football season starts, i will be playing way more in sportsbook.com. The reason for that is the same reason that so many people play on bodog and on wsex. There are so many random guys on those sites that are winning money betting on football, and then going directly to the poker room and putting their winnings on poker. I love playing against these guys, because for the most part, they are just guys playing poker, and they really can not compete with the type of game I am playing, and they are what is referred to as easy money or dead money.
- $800 for live games. This is plenty to start. I am using this for 1/2. The starting buy in at any 1/2 game is $300. I will have limits, I will never buy in more then twice, and any time I get up to winning 300( double my buy in), I am getting up and walking away from the table. This has always been my biggest problem. When you are a poker player and you play enough at cash games, you are always going to be up at some point and you have to be able to walk away. Also, there are going to be times when you are card dead and unlucky etc. and you have to be able to suck it up and not keep donking off money and just suck up that loss for the day and go at it the next time. When Terry and I were at Ceasers in December, I was in a 1/2 game, i got it up to $1400, and instead of walking away, I forced myself to stay, and ended up only winning 100 for that session. In my mind, I lost 1300 that day. I have to be able to set a winning goal and walk away once I hit that number. All winnings both online and in person will be saved in a seperate poker account. I do not have a certain goal in mind to hit fo me to start playing 2/5. For now, 1/2 is the game I am not only the best at, but I feel the most comfortable at.

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