So the month has come and gone. As far as the regular world goes, there wasn't much to talk about. Still no jobs out there for my company to send me to, so poker got the main stage for 28 or so days. Almost all of the play was at Pokerstars during the month and I had a great deal of experimentation going on. I made an honest effort of trying to build up my bankroll using "double-or-nothing" tournaments. I would use the profits from the DONs to pay for my MTT exploits later in the evening. As a total for the month, I played 351 different events, 251 of those events being of the DON variety ranging from $5-$20. With that kind of volume, you would think that i couldn't help but get lucky. WRONG!
Not that the result was necessarily bad. As a total, I made a profit of $17.35 for the month. Here's one thing that has a huge effect on such things. I played 68 $4.40 180man tourneys at an ITM rate of 17.65%. That is a great percentage to be cashing in those events. Now the problem. I lost $153.76 in the process. Why is that we might ask? The secret to being profitable in the MTT payout structure is two-fold. 1-final tables, 2-top 3 finishes. The money i all these events is all at the top of the spectrum. The top professionals are happy to be cashing in 15% of their tourneys but they also know without the top 3s, they are losing money. Rough way to go huh?
That brings us back to the reason that this is a hobby. If you look at the time I had involved in play last month, compared to the dividends made, I would have been better off collecting cans from dumpsters! Would have made a much greater profit for time invested. So, we can't really count pure profit as a leading factor for this hobby now can we. It would appear that other purposes must be at play. Don't know. I have been making a lot of quite wonderful acquaintances all over the world and it has been time spent in good fun. Unlike most hobbies, I don't see that this has the overall relaxation thing going on. If anything, it seems to raise my stress levels. Interesting.
Well, I've got a $3r to pay in a couple minutes. Hope all is well with you all and good luck at the tables!!
Tracy,me and Kim-the African Sea Lion at the Florida State Fair
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1 comments:
Keep your head up Rodney, good things come to those that are patient. One thing I can tell you is that you need to focus more on just beating the games your in. Don't put so much emphasis on building up your roll, it takes your focus off of improving your game. Trust me, I've gone through the exact same frustrations your having. When you just keep focusing more on your play the bankroll will come. Good luck!
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