Adam Winter

Vegas went fairly well. I played somewhat poorly at times, but did well in cash games and tournaments. I finished 2nd in the $350 PLO tournament for $3319 after we chopped it 4 ways.. basically 2nd place money. 1st would have been 5k but we were all at 30bbs so it was becoming a crapshoot.

Tomorrow I fly to England to play in the UKIPT Nottingham event. This is a £500 event, roughly $800 so it will be the largest tournament I have ever played. I’m expecting to do fairly well since the tournament format allows for me to play very nitty, which is generally my style. I should be able to play relatively few hands and make it fairly deep before resorting to any kind of push/fold strategy. Hopefully I can run good because without luck, it’s tough to win.

Online I have been breakeven for the last few hundred games. Today I got 4th in a $27 KO turbo for $600. I ran ok in the tournament but lost a big “race” if you will with A6o vs A5o when a good player spiked the 5 on me. If I win that, I knock him out and become the chipleader 3 handed. Right decision, wrong result, oh well.

Business is fairly steady. I should do well this year profit wise. I plan on shutting down my training site because I don’t think it’s worth the effort, and just maintaining the trade sites I have.

Taxes suck for the self-employed. I’m going to end up paying about 25% of my gross income for taxes… which really sucks. I’m working on finding every possible deduction I can to reduce my tax burden. I opened a SEP IRA and plan to contribute a ton to that in order to lower my taxes. Not much else I can do. I think I’ll owe about another 4k when all is said and done (and I’ve paid 8k estimated so far).