Wednesday, April 12, 2006

It all adds up

As I mentioned in a previous poist I have upped by bankroll goal to $10 000 by December 31, 2006. This leave me 8.5 months to accumulate $4800 or $550 per month give or take. This does not include any withdrawals so in effect after my Vegas trip the bankroll will be less $2000, therefore at year end it will be at $8000. In order to accomplish this goal I will play poker, blackjack, sign up for more rooms for bonuses and beg borrow and deal to hit my goal. The bulk of this will come from poker but in order for me to play NL 200 comfortably I am will to sacrafice my downtime to play some +EV blackjack or anything else that will add to my roll.

I guess you can say I cheated the system in order to be sitting on a bankroll of five grand. I used PSO points to buy giftcards to party poker, I played on 10 or more poker sites this year to get all the sign up bonuses I could. I also tried my hand at blackjack to the tune of $1000 in winnings approximately. This might be the reason I only play 5 hours of poker a week because I am always looking for an angle to gamble it up and add to the roll even if its not from the tables. Don't get me wrong, Im not hiding my losses at the poker table with all these bonuses but they do allow me to move up limits. I think my BB/100 is in double digits at the sites that allow poker tracker.

Is this wrong? Am I cheating the system?? I think not, I believe it allows me to play at higher limits faster, therefore leading to the real money before all the bonuses for low limit players dry up. Im guessing that I played NL25 for 8 months, NL 50 for 2 months, NL100 for 5 months, and now im ready to step it up over the next couple months and transition to NL200. Would of it been possible for me to do it if I didn't whore? I don't think I would of been able to play as confidently without all the bonuses. I think fast tracking limits after you have proven yourself is essential to making the real money in poker, and lets face it its at limits above NL200.

The main reason for this post was when a blogger asked me to sign up for a site that would pay me 1.5% of my bankroll automatically. He also added the disclaimer that I might not be interested in it because I have a nice nice bankroll and why would I care about such a small amount. My answer is to suck any positive cashflow situation that becomes available in order to build a roll. Never pass on a +EV payout, because it will be one small step to get to your goal of being fully bankrolled to play X level.

Now go out there and whore it up!!


Blogger MathP said...

So right. I did all the promos I could find to get my bankroll up fast. It's much better than "grinding" it at lower limits. You have absolutely no stress, which is the best part compared to handling the swings of NL. Handling swings in cash games is much harder than playing blackjack!

I guess you'll be there soon in cash games, and you're already way above me in tournaments. Keep on rolling.

Thursday, April 13, 2006  
Blogger Guin said...

Hey it is not cheating to get the bonuses included in the win rate. Reload bonuses and rakeback are essential to making sure we beat the game.

Glad you upped the goal to 10k by the end of the year. Now that we are racing a bit I feel a bit more motivated to push forward.

Thursday, April 13, 2006  
Blogger Wes said...

Nice to see another person with the 10K before 2007 goal.

Thursday, April 13, 2006  
Blogger HighOnPoker said...

Hey man. Good points all around. I'll out myself as the guy with the bonus offer to you. I too use other things to supplement my poker bankroll, usually referral bonuses and ad revenue. At first I thought I was cheating myself, until I started to separately track poker wins and losses. Now I know how well I am doing, and I'm able to supplement my bankroll to get me to the bigger games without reaching into the real world wallet. I have to say, though, how do you make money at online blackjack? Do they shuffle after each hand, or can you count the cards. More power to you, River. I have to say, since I first played against you and read the blog, I've been impressed at your success. Here's wishing for more in the future.

Thursday, April 13, 2006  
Blogger Veneno said...

Okay..I'm impressed!!

You make whoring sound soo good. I'm lousy at whoring..but at least I know how to suckout.

Friday, April 14, 2006  

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