Wednesday, November 4, 2015

day 1 - setting my limits

My name is Mike Mayberry, and I am making the dumbest decision of my life. I need money to bankroll a change of professions, so I am going to try to finance that by winning at low stakes poker.

Here is the goal:

$2000 profit by December 5th, 2015.

Here is my current bankroll: $100 on Bet Online

Here are my games:

$0.05/$0.10 PLO
$3 NLHE Turbo 1 Up SNG's

Earnings goal: $3-5/hour

Hours needed to level up: 40-50 hours

Once I reach $300, I will go up to:

$0.10/$0.25 PLO
$5 NLHE Turbo 1 Up SNG's

Earnings goal: $10-15/hour

Hours needed to level 3: 15-25 hours

Once I reach $500, I will go up to:

$0.25/$0.50 PLO
$10 NLHE Turbo 1 Up SNG's

Hours to goal: 100 hours

At that level, I am confident that I will be able to make $15-25/hour of play on one PLO table and 1-3 SNG tables. Traffic is pretty light on BetOnline, so I probably can't multi-table PLO unless I play short handed, and my PLO strategy isn't great in a short handed game.

I would like to reach $2500 (leaving a $500 bankroll) by December 5th. 

I anticipate playing 5-8 hours a day, which means I will go up to level 2 on or near 11/13/15.

I anticipate going up to level 3 on or near 11/18/15.

Once I reach $600, I will begin making $100 cashouts. I plan to make 1 to 2 cashouts per day starting 11/19.


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