Stupid Me!

Its been a while. And i have failed before i started. My bankroll management has gone out of the window, i have played in tourney's above my agreed percentage, by quite a margin.

Why?

Well my thoughts at the time revolve around a over-inflated amount of confidence in my multi-table tourney ability. This is secondary to the 1st prize temptation that we all have at some point.

ONE EXAMPLE:

bankroll = $1000

tourney = $109

percentage = 10.9% that is 8.9% over the RRP of Chris 'jesus' Ferguson.

I Lost.

My results of this 'gambling' have not been as bad or over-priced all the time. I will post them in full at some point or check on 'official poker rankings'. My username on Party Poker is uloseAA111.

I have managed 2 final tables recently. One 4th pos and 6th. $2300 prizes in total. There have also been 2 cashes for $400 more. On the down side has been $400 blown on cash game bluffs. Probably a reaction to a beat or missed draw.

I will post a more comprehensive review later, but i did say that this would be an up and down journey.

Wish me luck.

And so we begin...

Starting obviously involves a few crucial decisions.

How much bankroll?

What type of poker to play? Cash, Sit and Gos or Multi-table tourneys.

Should I concentrate on one aspect?

MY BANKROLL: $1000.

• 
  
  This is a final figure. It will be all I am spending during the duration of this blog. If i go down to $10, I will be reporting on 50c SNG's, until i build it back up or lose everything.

I am going to vary the type of poker I play. My biggest challenge will be the online cash games. I recently played at $2/4 and $3/6 NL cash tables, making a reasonable amount per session. This was until i managed to blow 70% of my then bankroll in one session ($4,000). It wasn't the first time this had happened, however, it has made me take a long hard look at myself, and I'm determined for it never to happen again. Hence the creation of this blog. It could end up in disaster, but by consistently self-analysing I'm confident I have learnt my lesson.

If it emeges over a period of time that one aspect of poker is more profitable, i will then focus the majority of my time on that, whilst working slowly to build and develop any of my weaknesses. I will review this after 1 month, and every month thereafter.

Wish me luck (or better skills)...

Weakness.

I have plenty.

• Bankroll management. (I have had 2 $4000+ wins in the past) This still does not stop me from steaming after a beat and over playing cash or tourneys out of my league.
• Self-Control. I have frequently played late night poker drunk. Lost or Won a fortune (this is irrelevant) thinking I was Phil Ivey playing like Philly Phish.
• Self-Control 2. I play consistently when tired.
• Self-Control 3. I don't keep a detailed track of my results.

You may be looking at this thinking what a loser, I'm thinking the same whilst typing it. You may be looking at this and recognising similar traits and experiences, I hope what follows helps in some small way. Finally if you don't fall into one of the above categories your not being honest with yourself, we all have weaknesses. Recognising them becomes a strength. I only want my complete poker game, and not just the playing of hands, to become stronger.

This is a really good link with fantastic advice. http://colin-theskipper-mctaggart.blogspot.com/

He is always willing to give advice, just make sure you don't sit next to him too often.

Bankroll Challenge 2.

So the challenge begins, trouble is im not sure of the fine details; how much to start with? what site to play on? will i be able to stick within the boundries? Rules decided on: 5% allowed for S.N.Gs 5% for cash tables (must leave if this becomes 10%) 5% for MTT.

Im aware that Multi Table Tourneys should be 2%, according to the most famous bankroll challenge king Chris 'Jesus' Ferguson, but thats way too low for me, and is a chance im taking from the outset.

It may well be my downfall, but thats what this blog is for, to post my thoughts and analysis, and monitor my success and failures. As for the amount to start with, im undecided, at the moment im thinking $1000, but this could change.

This is my 2nd attempt at a blog, bankrollchallenge1 refused to let me login again, maybe thats sign but hey you wont meet anyone more optimistic than me so bring on the profit.