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Poker Goals & Challenges Post your threads logging your travels up the poker ladder as you achieve your poker goals and dreams. "Challenges" does NOT mean prop bets, wagers, etc.

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Old 06-24-2015, 08:13 AM   #1
dontakeit999
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Join Date: Jun 2015
Posts: 7
Reaching for the Stars - Bankroll Challenge - $500

Hello All!

I have been reading the forum for many years and decided as a come back in Poker to register here and start a thread to keep track on performances and motivation.

About myself: Turning 30 on in July, I started playing in 2008 cash games 1/2. Was successful for a while but stopped due to my work situation and some tilting issues with cashgames. I played briefly in 2011 and 2012 but with no BRM and didn't last long obviously.
Since then, I gave some shots to some tournaments but nothing serious and getting back into it after having been reading books, watched videos and spent lots of time learning about different aspects of the game.

I decided to follow a challenge that I really liked. Not the easiest though, but really inspiring. After reading a lot on bankroll management and sticking to the rule, I strongly believe that by playing your best poker, this is achievable.

I will however start with a BR of 500$ but keep the same structure that chillin_dude came up with in 2011 and add some twists in it, to give myself more room.

1. Deposit $500 on stars
2. By end of 2016 have $50k bankroll on stars
3. Give a chance to online COOP events
3. Have withdrawn $25k and have it in savings
5. Get as close as possible to SNE (Not the main objective).


Plan:

1. Deposit $500, play nothing other than $2.50 180s & 3.50 45s on stars till I have $1500 in the roll. Will play

2. With $1500 playing 11 90s, 15 180s mainly, mixing with 3r 180s, 2.50 180s and 7 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.


Hommage to chillin_dude for the Inspiration.
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Old 07-06-2015, 04:03 AM   #2
dontakeit999
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Join Date: Jun 2015
Posts: 7
Re: Reaching for the Stars - Bankroll Challenge - $500

Hi all,

No one seemed to believe in my thread but I want to update it as a Motivation for myself. After grinding and making it in the money multiple times on small MTTs and MTSNG, yesterday I scored well in the bigger 5.50.

My bankroll is today over 6,000 USD.

Stick to the plan and respect BRM is my major focus.

This week, going to try to get a satellite for Sunday Million!

Will stay in touch and update more frequently if people start following!




Cheers

Last edited by dontakeit999; 07-06-2015 at 04:08 AM.
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Old 07-06-2015, 05:13 AM   #3
ChaBoii
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Join Date: Jan 2014
Posts: 12
Re: Reaching for the Stars - Bankroll Challenge - $500

Sick start man. Hope you can keep it up. Subbed!
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Old 07-06-2015, 05:47 AM   #4
DieHard43
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Join Date: Jun 2015
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Re: Reaching for the Stars - Bankroll Challenge - $500

If your going to copy and paste chillin_dudes blog from years back mebbe you should at least change the 50k roll date from 2012 to 2016

Good luck.
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Old 07-06-2015, 11:40 PM   #5
dontakeit999
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Join Date: Jun 2015
Posts: 7
Re: Reaching for the Stars - Bankroll Challenge - $500

Quote:
Originally Posted by DieHard43 View Post
If your going to copy and paste chillin_dudes blog from years back mebbe you should at least change the 50k roll date from 2012 to 2016

Good luck.

Haha!

Yes will be edited! ;-)
Haven't had time to play yesterday. Want to use some FPPs to try to get my Sunday million challenge this week.

Going to give a try to "The bigger" serie tonight (europe time)!

Lets get it rolling!
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