Heyyyyyyyyyooooooooooooo,
Obviously the title sounds unrealistic and dreamerish like many of the challenges in here, but i rly dont think its that far out of the realm of possibility.
Basically I want to go a whole year without depositing on stars, im a good winning player (and I'm not just saying that), my bankroll management just sucks. Ive been planning to properly grind for a while, but the thing that motivated me was coming 14th in ftops 6 for like $2k when 1st was $48k losing fh vs str8 flush which basically stressed me out and i thought meh if its that big a deal I shouldnt be playing.
I figure having a blog/challenge will help me record it - plus prove you can move from the micros and make profit from a tiny bankroll even in the current poker climate.
So anyhow the main goals are:
1. Depost $300 on stars
2. By end of 2011 have $50k bankroll on stars
3. Have withdrawn $25k and have it in savings
4. Have withdrawn and spent $25k on living costs/holidays etc.
5. Supernova (even tho its hard with mtts)
I have a plan about how I'm gonna do this, its pretty rough but should work imo.
Plan:
1. Deposit $300, play nothing other than $2.20 180s & 3.25 45s on stars till I have $1500 in the roll. Do not withdraw at any point or play other mtts.
2. With $1500 playin 12 180s mainly, mixing with 3r 180s, 2.20 180s and 6.50 45s. Grind them hard till I have $5500k in the bankroll. If at any point I drop below $1200 I have to go back to step 1 till I have $1500 again and take a 'shot' at #2 again. Do not withdraw at this point unless I need money to live on - at the moment I do not believe I will since I have like £3k in savings that should get me through till March or so when I should have hit the $5.5k.
3. With the $5.5k I can play any freezout mtt up to $55, and any rebuy up to $11r but cant take more than $55 worth of buyins. This gives me 100buyins, if at any point I drop below $3k I have to move down to step 2 untill I hit $5.5k and can take a shot again. Mainly I will still be grinding 12/180s and mixing in some 36/180s whenever they go off as well.
WITHDRAWING: Every 2nd Monday (from when I hit step 3) I will withdraw a set amount of $500 if I have made a profit more than this amount. This is my 'wage' that I will be able to live off, whilst hopefully not depleting the funds a lot. If I have any single cash $5k+ Then I will withdraw 50% of this money and put it in an account i have on access to that is my savings fund that should have $25k at the end of the year
4. Once I reach $20k in my bankroll I am allowed to play up to $109 mtts, and any rebuys/cubeds that total under $109. The reason I am no longer following 100buy in rule is because my edge will be smaller (if it exists) so the variance will be larger. If I drop below $10k I will drop down to #3 again. I would like to state that I will be playing 12 180s and 36/180s a lot here to try and lower variance and bring steady income.
I am allowed to enter the Sunday mil or any $220 mtt IF i sell 50% of myself only.
5. $50k bankroll - If i reach it early before 2012 I can play any mtt less than $250 total, including shots at 50r as 5buyins = 250 etc) and have 100% of myself.
Right I know thats very brief and it prob looks ridiculous, but I think its possible.
I lived off $2 180s playing off a $300 bankroll for 4months or so in 2009, and my hourly was around $17per hour 20tabling, despite people laughing saying "lol 2.20s, get a job at mcdonalds etc".
Another reason for doing this is cuz I just hit a $25kish downswing (staking fked me big time) plus that $10k equity beat = heyooooo lets get a grip.
Plus by tracking it here I get to be able to show this thread to people once its complete IRL and explain it is actually the same as 'having a real job' etc.
So ima post screenshot and updates frequently, and also I will be trying to track my hourly $ rate for all possible followers that wanna try similar. I may burn and go up in flames - i mean if i go busto off the first $300 that will be embarrassing but wth lets go for it.
Oh and only playing on stars unless a legislation blackout comes in or anything, ftp is rigged so 100% not playing there.
Cheers.
And proof I'm a winning player (or highly likely am)
Last edited by chilin_dude; 12-12-2010 at 09:37 PM.