Join Date: Oct 2015
Posts: 330
10k Plan
So I know this whole 10k plan sounds crazy as it's been a little over a month since I started this challenge and I'm not even past the $500 mark with my BR. I need to write this plan out for myself, so I thought I'd share it with you guys and see what you think and who knows it could help some of you as well.
This month I've got around €300 to use for poker. So I've put in around €220 of my own cash in my BR. At the moment I'm in the process of clearing a very easy RB bonus so at the latest I'll probably get an additional €90. I'll probably just start out at 10NL to get things going again until I hit 25 BI's for 20NL or I see some very juicy games. So due to history at this stake I expect to probably make 5bb/100 at 10NL and if I can play 50 more hours this month with at least 300 hands per hour I expect to make just under €100. Worst case let's say we're at €450 by the end of the month. At the moment I'm a few hands short of getting another €150 RB bonus which I would expect to clear within the first week of the next month, assuming i can play 25 hours and not run bad. At this point I'll have a BR of €600 around the 7th of October. So I expect to hit a BR of €600 in 3 weeks time.
Now at this point I will be withdrawing my BR and depositing at Coral Poker in which I receive around 60 or 70% RPV (Real Player Value). Basically this means the real RB is around 40%, and then the amount of extra rakeback you can receive depends on how much money you lose. If you are a winning player then you will really only receive the 40% RB. Now on top of this there is a First Deposit Bonus which clears at 30% RB, therefore making the entire RB I will receive around 70%. This is all great, expect that because of these deals many good poker players end up playing on this site where the rake can be pretty high. However, Coral Poker just banned all Russian Players this past month and I can't pass up 70% RB, which would be even higher if I'm a losing player there. After doing some calculations the lowest estimated amount when I compared mutiple rakeback calculating sites estimated I should make €1,500 at 20NL after RB. Which would put my BR at around €2,000. Now the second I clear my deposit bonus I'm off this site because the players are very nitty and good (18/15/6). I have until the 11th of November to clear this bonus.
Now at this point I will then transfer my BR over to the microgaming poker network which is believed to be the softest poker network available. RB is 30% flat with a deposit/reload bonus of 20% making it around 50% RB in total. After a month of playing 50NL I can expect at least €2,500 from RB alone. Over November and December I would then get €5,000 + previous €2,000 leaving me with a €7,000 poker bankroll by December.
Now this is all calculated considering I play 160 hours each month, with at least 400 hands per hour. I would prefer to increase the amount of hands I see hourly, but I'll have to do some trial and error to see if it affects my game. All of this also is without consideration to possible rake race rewards I could receive.
Now the plan for sports is to gather $500 for this month and deposit that into ****** and then I will do that two more times for next month. If I use the SBR store first deposit 50% extra promotion I will have a total of $3,250 in my sports account with $1,500 being mine personally. I will basically be able to bet $100 flat which would be 3% of my BR.
So in total €7,000 + $3,250 = ~€10,000.
Now I know all of this is going to extremely difficult. When I created my poker goal amount I didn't really include any profits I could make, although I know I could definitely hit a downswing as well I definitely could be a huge fish at 50NL when I play there. However, if I can profit at these stakes I can surpass my year end goal of 10k.
A few issues that come into play is that I currently am starting school this upcoming week. I also work two part time jobs which equate to around 20 hours per week, and I also play soccer competitively. I will be quitting at least one job soon enough. I also cannot forget the amount of time a GF requires . This is also the issue that I am required to pay half of my profits up to my first 3k to my coaching program. Anyway, I'm pretty hard working so I think I'll figure out a way to get this goal accomplished. I don't think anything in my plan is outrageous, I think the hardest part is going to be playing the 160+ hours monthly, plus additional study time.