Thursday, August 16, 2012

Online Poker update

It has been a while since I have given anything resembling a update for my online poker challenge. Right after Black Friday, I decided to cash in some gold cards on Cake poker, which at that time was one of the few online poker sites that US players could use for real money games, and grind my bankroll up Ala Chris Ferguson style. I didn't plan on following all of his rules, but it would be an interesting test, given the fact that any winnings would be gravy and online poker legislation was not going to be happening anytime soon. Things were rocky at first, especially as I dove in to NLHE, but by the end of the year I had stopped playing poker as much as I would have liked. I didn't feel serious about keeping my game up and being a stay at home dad was becoming more and more challenging itself as my 3 sons were all toddlers.
  I still was playing poker on CAKE from time to time, but it was at the lowest stakes and I was basically maintaining my $50ish bankroll by earning rakeback for the amount I lost, which came mostly at LAGGy NLHE play. In the middle of the summer, I decided to start rereading Ed Miller's NLHE book, No Limit: Theory & Practice as well as looking at the NLHE forums in 2+2. Once I began to refocus my game, things immediately got better with respect to my winnings.


 Since July 12th, I have won around 12 buy ins at NL4 (which is $4 max-100 BBs) over the course of 4,000ish hands. I plan on moving up to NL10 when my bankroll hits $250. I am currently at $150ish in my bankroll and would like to see where my win rate is after 10,000 more hands. Hopefully I came have some more leaks plugged over the next 2 months so that I won't get fleeced when I go out to Las Vegas in late October. On a side note: I have been playing a good deal of slots at the local casinos as a way to let go of my fear on losing money and slots are a good way to lose money. The only problem is that I am winning a lot more than I am losing. I won $700 earlier in the summer, another $300 in July, and then hit a jackpot of $1,400 a week ago. The trick is to play the $10 slots rather than the .25. You will lose more, but when you win, ho ho ho ho....when you WIN!!!

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