Archive for August, 2010
frustrating week
by Adam on Aug.25, 2010, under poker
broke even this week. Lots of ups and downs. I play some higher buy in games and ran bad, either losing flips/70s or running into monster hands. Also, I went deep in just about every turbo mtt but I have been bubbling everything. Sometimes I get a gut feeling before making a shove that I am going to lose… almost always my gut is right. It’s a weird intuition thing that I should follow more. I did manage to get a 2nd in a 3r180 yesterday which helped. I’m up around 3k this month and only played 2 and half weeks so that’s actually really good.
I have been contemplating making a run for supernova so I can start 2011 that way. However, I have so few vpps right now I’m not sure I’ll make it unless either I move up to higher buy ins, or grind a ton of hours. Right now I need 78,000 vpps to get to SN by the end of the year. That is equivalent to paying $14,200 in rake, or $3550 per month for the last 4 months of the year. I think the only way I could get there is if I start playing a ton of hyper turbos. Even then I’m not sure I will have the time. Unless I win a huge score at the wcoop, I will probably just stick to my grind and keep building my bankroll.
Lately I have had to cashout a lot for bills and various expenses related to moving. My roll is very, very comfortable for the games I play, but it is not comfortable if I want to take shots. I am setting a goal to get my BR over $30k by the end of this year, and over $100k by the end of next year.
good day of pokers so far
by Adam on Aug.17, 2010, under poker
Today I won a $12/180 for $592 profit and finished 2nd in a $3r180 for $330 profit. I’m getting much better at $12/180s after playing really badly in them for while. I think I “forgot” how to play certain situations and thus made a ton of mistakes for a while. Time to make some more videos for smart poker training
Long time no blog
by Adam on Aug.16, 2010, under business, life, poker
Sorry about the lack of updates if anyone actually reads this… My girlfriend Dana and I moved to Tempe, AZ. We rented a budget truck which had some problems along the way. The whole ordeal caused us a ton of stress, but we ended up getting a $600 partial refund because of all the issues. We were actually lucky we didn’t blow out a tire and die according to the nice people at J & D Auto, where we were held up for 26 hours.
We are really liking Arizona so far. It’s been super hot, but still very nice weather. Once it cools down later this year we are really going to enjoy the outdoors. Our condo is really nice and our landlords are super nice people and we really like them. I think we got really lucky.
Poker has been going fine. I’ve only played 7 days this month and I’m up ~$1500. I have finished a lot of 2nds and 3rds in tournaments which is nice, but 1st is always much better. Usually 2nd is ~$300 in the games I play, and 1st is ~$500. So the difference adds up. Nonetheless, I’m still really happy with my play lately and I know I’m going to hit a big score again soon. After analyzing my play through half the year, I have played about 5000 games and won a bit over $32,000. If I grind really hard for the rest of the year and get up to 10,000 games on the year, I should easily be at +60k for the year.
Business is up and down. It seems like when one of my websites is doing well, the others not so well. Poker related sites are very hard to make any money from. The reason is because the margins are very small. Most sites make their money by “skimming” as I call it. This is making a very small % from users. This can be done in many ways – offering a service such as intersite-trades and taking a 5% cut, offering rakeback, selling training videos, direct referrals to new poker sites, staking, and other misc. services. I have yet to see a way to make huge money from poker sites. Small money is easy, but big money remains elusive.