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An Ambitious Project - Ramblings of a Semi-Pro
  Poker> Poker Blogs > Tiburon41's Poker Blog

Saturday, October 14, 2006

An Ambitious Project

As most of you who read my forum are aware, I'm in the middle of a "break" from playing. I've also cashed out a large amount of my active online bankroll (active bankroll meaning money that is actively committed to playing online, not anywhere near total bankroll), leaving myself with $300 and literally change at Full Tilt Poker.

Here's what I plan to do: I'm going to take my little break, purge the negative thoughts, get back into balance, then, when I decide to come back, I'm treating myself like I'm in the bankroll-building phase again. I'm taking my $300 bankroll, with ideas on playing the $50NL tables to build it up as fast as possible, with a goal of reaching $200 NL as quickly as possible, all the while, cashing out as I go.

I don't recommend this strategy for everyone, starting with 6-buy-ins at a NL game, but as I had mentioned before, I differentiate between active bankroll and total bankroll. My active bankroll is what is actually online, easily replaceable if I so choose from my total bankroll. The total bankroll is the actual amount of money I have to draw from, independent from money to pay bills or live from--extra money, shall we say. I've never had more than 10% of my total bankroll online at any given time. I cash out frequently (why I refer to myself as semi-professional), and I haven't reloaded from my total bankroll since February '05.

So here it is...At the to-be-determined time that I decide to play, I'll be rampaging through the $50NL tables on FTP. When I double my stake, I move up. At my current win rate at $50NL (17.85 PTBB/100), it should take about 1700 hands, then I'll start on the $100NL tables. I'll be single- or two-tabling, dependent on my mood. I'll be posting when it starts, and keep everybody posted on my progress...Wish me low variance!

2 Comments:

zorg said...

Tib,

Best of luck when you "come out of the gate"! I'm enjoying your blog, working my PT skills up to be useful.

I like your emphasis on bankroll management, maintaining that standard has got you to this point. I wish every poker player, especially the kids, would take note and learn from your example.

Good Fortune!

October 14, 2006 9:15 PM  
Morder said...

Well i guess ill see you at the tables then... thats the limits im cruising around at for now...

October 17, 2006 2:42 PM  

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