JULY OVERVIEW ♔
July comes to a close as I write this update hanging from going out last night. Pretty happy with the month overall, but not entirely pleased. Although, I am always trying to look at the bigger picture and focus on the grand scheme of things. I have been thinking a lot about poker and what I want from it. Maybe I should be thinking in terms of what I could give back, but that isn't my first instinct in this situation. Before I get into that, I'll give the month of July a little summary.
✫ 10$ Hypers ✫
These are my main game and I definitely crushed them. Card distribution and running well happened closer to the end of the month, which is always nice. Even though I did not hit my volume goal, I accredit that to trying to grind Jackpots as well. I am comfortable three tabling as that has become my standard. I am capable of playing more tables, but the action isn't that great anyways.
[ ] 2000 Hypers
[x] 3.5-5% evROI
✫ MTTs ✫
Played a good amount of MTTs this month and ended up profiting due to some decent scores for my standards. Only won one outright, but final tabled a handful. They usually had smaller fields though, so nothing crazy. I don't track my MTTs so I would have to check my SharkScope but my membership ran out so I honestly cbf right now. Basically, a profitable month and had some fun among some frustration. But hey, that's poker.
✫ 5$ Jackpots ✫
These are honestly just cancerous. At least that how I currently feel about them. Don't get me wrong, they are definitely profitable, but very frustrating. Constantly grinding 2x multipliers and then boom you get a 10x or something and just brick. Very demoralizing. Anyways, I do think I beat them decently, but nothing exceptional. Not bad for my first small sample. Very unsure if I plan to grind them moving forward, but I probably will since I cannot stand being down in that format. Out of the 700 that I played, my highest multiplier was 20x and I think I got it twice. I chopped one heads up with a reg and bricked the other.
Here are my calculations for my sample. Please correct me if I am wrong.
EV: ~ 43,000
Tournaments: 700
chipEv: 61.43
EV Profit: 430-(700*0.3) = 220
Month Results
Profit: +1290.24$
additional profit for whatever I made in rakeback and MTT scores so another 5-6 hundo
Okay, so moving forward. My plan is to have 1k on FTP and 1k on Stars. I will attempt a 40BI shot at 25s and if I bust my shot, I will simply transfer 1k from Stars and go back to grinding 10s. That is my plan for August. Pretty excited to see how it goes and hopefully regs don't sit me too much haha. I feel even more urgency to plan my ascent now that FTP has been making drastic changes and might result in myself changing sites depending on how things go. For now, I will grind.
More about what I have been thinking about in terms of what I want out of poker. Personally, I do not feel as though I am currently in a position to give back to poker, but maybe one day I will reach that summit. I think I want to set a substantial goal for myself. I am at the point where I am not really phased by the money aspect of poker since my living expenses are very low and I live at my parents house at the moment. My ultimate goal would be to move out and gain my own financial independence. For that reason, making 1-2k a month is nothing substantial for me because does not change anything in terms of how I live. I think I will be setting a goal of 100k profit from poker. This could take very long, but it is a worthy goal imo. I will be going back to University full time come September, so hopefully I can find the drive to work towards this goal while obtaining my education. Thanks for reading guys, get your grind on!
Last edited by Everest17; 08-01-2015 at 12:28 PM.