Hi all. I’ll start off by alerting everyone to the fact that this is my first blog. So allow for some blatant disrespect to blog etiquette.

 

 

I’ve been playing poker for about six years now. I have read the occasional poker book or trolled the odd forum for advice, however most; if not all of my game knowledge comes from experience. Primarily live. That is all about to change as I enter the online world. Professional training, virtually unlimited resources, statistical analysis tools, hand history data bases, heads up displays, information transparency and professional grinders are just a handful of the factors I need to take into account if I am to succeed in such an environment. More on this in a later blog, allow me first to outline my personal poker goals and ambitions for the year ahead.

First for some qualitative goals:

- Stay focused at the table and avoid apathetic play
- Educate myself with respect to both the game itself and its analysis
- Keep a fit, healthy and motivated body and mind away from the table

This of course includes posting two new blogs each month and, where possible updating my thread at least twice a week

Now for my somewhat arbitrarily spewed quantitative goals:

- 24hrs – 40hrs of play each week
          * Exclusively tournament based at this stage
- 6hrs – 20hrs of study each week
          * 30hrs min total / 50hrs max total
          * based on 5 day week (ratio according to work)
- Branch out bankroll once benchmarks are reached
          * (more on this in my next blog)
- Ultimately grind out $5k online in 2013 to contribute to a live bank roll
          * grow my bankroll from $150 to $350 in February

I intend to achieve these goals by meticulously sticking to strict bankroll management principles and progression. I have so far set out for myself four levels of bankroll progression:

ROLL < $50 + c(b) 

 where f(b) = $5

          - open skill league

          - weekly round 2

          - private free rolls

          - 100k free rolls

 

ROLL >$75 + c(b)

 where f(b) = $10

          - open skill leauge

          - weekly round 2 (up to 10 tickets)

          - 100k freerolls

          - private free rolls

          - $50 added 10c

          - 10c 360 SNG

 

ROLL >$100 + c(b)

where f(b) = $10

          - open skill leauge

          - weekly round 2 (up to 5 tickets)

          - 100k free rolls

          - $50 added 10c

          - $100 added 25c

          - 25c 90 SNG

          - 25c 45 SNG

 

ROLL >$150 + c(b)
where f(b) = $15

          - open skill leauge

          - weekly round 2 (up to 2 tickets)

          - 100k free rolls

          - $100 added 25c

          - 50c 90 SNG

          - 50c 45 SNG

          - the hot 50c + 5c

          - satelitte < 50c (no rebuy)

I have spent some time this month thinking about and reading about bankroll management. One noteworthy point I come across was the Peter Principle and its application to progressing through the poker hierarchy. The Peter Principle states in brief that in a given organisation each employee will eventually rise to his or her own level of incompetence. So, theoretically (given the status quo remains) I will reach a point where my bankroll will peak. That is to say that I will reach a level where I am no longer a winning player, lose x amount of buy ins, move back a limit to where I am a winning player, win those buy ins back, move back up to the level where I was not a winning player e.t.c.. This is a fundamentally flawed notion as the status quo will not remain – I plan on studying the game for at least 6hrs per week! However, just in case I do find myself stuck in this kind of vacuum I decided to implement what I call (B). (B) states that each time I move down a level, then I must add a fixed amount (perhaps a ratio of that level) to my bankroll before I can move back up, thus ensuring that If I ever hover between levels of competence and its counterpart then my bankroll will at least be growing.

I look forward to following the progress of others and receiving feedback on my own (constructive or otherwise). All the best, play well and try not to let math kick you in the sack.

Massive