Hello 2+2,
I've been a member for a while, but I've always been too passive so I hope this blog keeps me motivated on being more active in this community. In this challenge I'll tell you how I'm trying to turn something out of a small $25 bank so keep reading if it interests you. I actually started this in August, however only now I decided to make my challenge public.
BUILDING THE INITIAL ROLL
I deposited $25 on PokerStars in order to have 100 BI for the $0,25 45s games. I could deposit more but wanted to make the smaller investment possible, so the lowest stake at the 45s seemed to me to be a good place to start. After almost 1k games my bank reached $108,50.
I cashed out $58,50 (thus doubling up my initial investment), leaving me with a new starting bank of $50. I see this new bank as a "free bank", thus I don't mind taking a riskier shot with this money. Assuming that risk, with $50 I started grinding the $1,50 18-mans turbo and after 250 games here's where I am. I didn't play continuously since the end of August, I was away from the tables for one month and a half when my classes started.
WHAT AM I DOING NOW?
Right now I'm still grinding the $1,5 18-mans and I plan on playing the 18-man SnGs with a 100 BI BRM guideline (of course, I'm only not doing 100BI for the $1,50, like I said, I played the $50 bank with more risk). However, if I hit 150 BI at the current level (that is, $225) I might start mixing up some $3,50 games (at a 5:1 ratio) just to get my feet wet before I completely move to the that stake, at the required bankroll. Analogous BRM will be used in further stakes (that is, if I ever reach them…)
CASHOUT STRATEGY
I'm making a separate topic on cashing out strategy, as this is something I want to start doing from the start. I will cash out the following:
- every bonus (currently I only have stellar rewards, I'm just some FPPs away from a $50 bonus)
- FPP-earned money (whenever I have 2350 FPPs I will play 10x Sunday Storm sats, unregister if I win and insta cash it out)
- any other form of bonus (ticket promotions, reload bonus, etc…)
- and, most importantly, at the end of every 1k games, I will cashout between 2 to 5% of my total buy-in (that is, if I play 1k games at $1,50 I will have to cashout between $30 to $75).
OTHER RANDOM STUFF:
I was liking the 45s but they became too time-consuming when I started my classes at college. Therefore, the 18-mans fit my schedule better. I have HEM and TableNinja and I usually play in sets of 10 games. On average I play 1 to 2 sessions per day, hopefully I'll improve volume on holidays.
CURRENT STATS (updated 31/10/2011):
This is the short description of my status, I'll update it whenever I post in my thread. My current bank is what I have online to play, but I will also mention what I cashed out already (including bonuses).
CURRENT BANK: $118,90
CASHED OUT: $44 (converted 2820 FPPs into T$44)
$100 MILESTONE: 29/10/2011
$150 MILESTONE: ?
With all the most important stuff being said, let's get this challenge started. Hopefully, I'll meet people interested in this thread who are probably doing similar grinds, I hope I can follow your progress as well.