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.