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This Is Getting Serious This Is Getting Serious

01-29-2019 , 01:05 PM
I have been playing online for about 10 years now as a recreational player, and I have had enough success that I feel like I have to make some decisions about bankroll management, stakes, and how I improve my win rate.

I'm nearly 65, I retired about 4 years ago, and I play almost every day, sometimes as much as 10-12 hours a day (when I am winning). I play almost exclusively tournaments and the occasional triple-up SNG. I don't multi-table, and generally I watch TV, check social media, and generally multi-task while I am playing (I am in Ignition's morning $75 KO as I write this).

I was invited to a home tournament about a decade ago, and liked it enough that I read some books (mostly HoH) and started on Full Tilt and then Stars. I joined this site, started reading up, and I was serious enough to invest in Poker Tracker. Since the shutdown I have played on Bovada/Ignition.

I initially deposited $300, and probably reloaded 2 or 3 times in the first couple of years. After the shutdown I put $300 into Bovada, and I don't think I have had to reload. Overall, I think I have $1200-1500 deposited. My initial bankroll management strategy (if you can call it that) was to withdraw $1000 if I got my bankroll up to $1300 so i would have a $300 playing balance left. I withdrew $2000 or $3000 and at some point I had a big enough hit that I decided to leave in $1000 and withdraw when I got to $3000. I made a couple more withdrawals, and in Sept. 2017 I won a $50 turbo with almost 700 players for a $6800 payout. I took out $3K (free withdrawal limit), and ran off a few thousand before I could make another free withdrawal. Last August I was having a bad day, and with a balance under $3K I went on tilt, entered a $200 tourney, and won for $8500. Another $3K withdrawal and again I ran down a few thousand before the next free withdrawal. Last December I won a $150 tourney for almost $5K, about a week later I won the $50 $25K GTD for $4400, and a few weeks ago I won a $50 $10K GTD for $2500 (I know this because I take screen shots when I win to send to friends lol). I took another $3K out in December, and my current balance is over $13K now.

Overall, I have deposited $1200-1500, withdrawn somewhere between $12K and $15K, and have an equal amount left in my account. I estimate that translates into an earnings rate of $2-3 per hour . I have a (low) six figure income as a retiree, so the money is nice but certainly not life-changing. At the same time, it's enough that I should probably take things a bit more seriously and make some changes. Here are a few questions:

I know nothing about rakeback, bonuses, or anything else. I collect poker points on Ignition and play an occasional free tournament. I have probably paid some multiple of whatever I have won in rake. Are there any programs or opportunities to reduce rake or get bonuses?

I think I am OK withdrawing $3K once every 3 months, avoiding the fees, and keeping my withdrawals under the radar. Ignition is pushing Bitcoin, but it seems too volatile and hard to cash/spend. Thoughts on withdrawal strategy are welcome.

I have not used a HUD since moving to Bovada/Ignition. I think I started a thread a while back on how to install one, but I honestly couldn't figure out the responses. For that matter, I have never figured out the instructions on how to post a hand on here. If there are simple instructions on what software I need to buy and how to configure HUD I would like to be able to analyze my own game and be more observant about opponents. My strengths are technical and quantitative; I am very limited in reading opponents because I typically am not as focused on the game as I could be. Seeing opponents' stats would probably help offset that weakness.,

Reading others' "poker journeys", it seems like I have had more of a "poker meandering". I honestly don't know how much I have won, what that translate to in terms of win rate, or how it compares to any benchmark. Specific thoughts on how to better monitor my game and my results, and establish goals, are more than welcome.

I am pretty sure Ignition is still my best option living in Ohio and part-time in Florida. I really did not like the change to eliminate chat. Aside from all the trolling, I liked the ability to at least say more than "Wow!" or "Unlucky!" when someone hits a one-outer, and have some social interaction. The change tends to make me less focused and attentive to the game (which is ironic since my win rate has improved). I think I have won too much to leave the site, but thoughts on other sites (if any) are welcome.

I don't anticipate big changes to my game selection. I generally play the morning $75 KO, the evening $50 $25K GTD, the Sunday $100K sometimes, and the occasional $25 triple-up or $.50/1 cash, with other tourneys mixed in depending on time of day (or night). I have opportunities to play live in Ohio and Florida. I feel like I should get out more just for the social interaction, but I am generally too lazy and I don't do that well when I do play live (not a statistically significant sample probably). Not sure what I am asking here, but comments are welcome.

At my age I have no illusions about having a future in poker. As much as everyone fantasizes about playing in the main event, I could never handle the stress, and would probably have negative health implications (heart arrythmia). I would still like to improve, and at present I play in total isolation and get no feedback on my play. Any suggestions on how to establish a formal or informal coaching relationship, or for individualized online training, are welcome.

This thread is at least somewhat cathartic because playing online, at least in my life, is very isolating. I don't have a wide set of poker-playing friends, I don't get to share anything beyond "I won a lot of money last night", but at the same time I spend a lot of time playing and it is a big part of my life, even if I watch TV, tweet, and read the news at the same time. BTW, I busted in the $75 KO an hour or so ago.

I appreciate any feedback and having a forum to share.
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