Another LAST CHANCE...

Just how many last chances at reforming does somebody get before giving it up as a bad job?
Anyway, here goes with my latest last chance...but this time I have a strategy and a target and everything has been thought through as much as possible.
There is one particular game on one particular site that I have always felt I could beat. But my love of playing ''kinky'' games got in the way of the profit making and I've had more reborn last chances than I've had doses of ManFlu!

My intention is to earn money at such a rate that retirement from the day job becomes not only an option but a virtual certainty.

I am loath to openly state the specific STT that I am playing in, but suffice to say that every profitable poker player will have a game he can revert to when the going gets rough and he needs to grind out a bankroll.

My argument goes as follows:
If I can play these $16 games and achieve a 20% ROI overall then the following would apply:
Playing 4 tables continuously it seems that each game lasts approx half an hour (winning takes 45 minutes, losing can take one hand!) such that 8 games per hour is roughly the norm.
So the earning rate would be 8 x 20% x $16 per hour = $25.60 per hour.
Curr exch says that is roughly £15 per hour.
At that rate it would take 70 hours play per month to cover my pay.

That sounds far too easy to be true, so no silly moves will be made until it becomes 100% certain that the above figures are accurate and sustainable.

So first thing is to establish a benchmark ROI.
Currently awaiting delivery of an extra monitor to enable me to comfortably play the four games while watching a DVD or Facebooking or whatever. The strategy I am using entails a certain amount of tracking, but does not require 100% attention at all times, so feel comfortable watching a film while playing. So at the moment more often playing just two or three games at once...FFS, I've only recently stepped up from one game at a time, so the implementation of more games has to be done slowly and carefully.
But, for the moment, the important thing is to hone the strategy and get a steady ROI showing up. Then need to build a bankroll enough to cover a years wages AND a suitable bankroll before considering taking that final step.

Kicked this off for proper only last Friday (29th April, 2010).
Current ROI is showing as +42% after 56 games. I realise this is statistically irrelevent, however it is most definitely a nice start.
I hereby promise to update this blog with my progress every one hundred games played.
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Bollocks!
That's the least I can say on what's happened.
My determination to do this was higher then ever before.
Then PokerStars decide to restructure all their STTs.Suddenly my $16 turbos disappear and are replaced with $10 and $20 ones with radically altered levels.
Had hit a terribly bad run but was in no way despondant and had started writing copious notes to form a strict strategy of how to play these games. But now they don't exist.
Ended having played 77 games and ROI had fallen to below 15%.

Moving on...another site and $22 games...only on game 19 so far, but will again post up after every 100 games.

Blogger game:

I have registered to play in the PokerStars World Blogger Championship of Online Poker! The WBCOOP is a free online Poker tournament open to all Bloggers, so register on WBCOOP to play.

Registration code: XXXXXX 497869

The Poker Struggle

Struggling to keep my interest in Poker at the moment.

So much to do with a busy Christmas and the recent birth of my third grandchild that poker takes a back seat. Add the fact that for two months now my PC has been so glitchy that I had to uninstall all but Stars to keep it alive.

Well a New Year brings a fresh Windows reinstall and a renewed thirst to prove my true worth as a poker player.

So I'm going to set some goals and properly start tracking my performance...otherwise I'll just remain one of the numerous casual ''I could have been'' players out here.

Posting up a plan at the weekend...but I've really got to think it through, and stick to it, this time!

WBCOOP AT POKERSTARS