Mike's Tankroll Challenge!

    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      Hi everyone,

      Introduction:
      Yesterday I started the Tankroll Bankroll challenge, as I don't have a huge bankroll in my account, but enough to start the foundation of playing 5NL Hold'Em.

      Throughout the course of the nest week, my aim will be to play about 2000 hands per day, with regular breaks in between (as my concentration span sucks). With that, I hope to reach $1000 from my current bankroll of around $70. If my challenge has failed, then I will wait for a month or so, and then restart the challenge. I'll always make sure I stop playing if I go on tilt or I become dehydrated.

      Here's a little bit about me:
      I am a young man, 22 years old, from the United Kingdom (around the south east of London sort of area). I knew some of the very basics of poker for about 7 years, however I only really started knowing the proper rules 2 years ago.

      Here's my live poker successes and failures:
      I play in a couple of pub poker leagues (free of charge); if you do well enough, you qualify for the so-called "regionals" where you play against around 200 other pub poker players, first prize wins a free ticket to Las Vegas. Won a pub league earlier this year (after about 3 proper attempts), but did not win the Vegas ticket (came 110th out of 200-odd people). In a couple of weeks from now, since I qualified for another regionals, I will have a second shot at the Vegas trip (if I get 2nd to 15th I win some money and a Nationals ticket, which is like a second chance for Vegas).

      I also play at the casino, where I go for cash games and tournaments. Generally, I'd say that I play well there (as yet), although I had a bit of a downswing due to coolers and bad beats. For instance, I played in a tournament and I got it in good all-in preflop with my final 9BBs w/ 77, got called by 55, and a 5 spikes the flop.

      Here's my online poker history:
      I play on PokerStars and Full Tilt. I started with a bankroll of about $10 on FT, eventually losing it all after having a few ebbs and flows for 6 ish months.
      On Stars, I currently have a small profit, although I had never really put the time and concentration into the game enough. This tankroll challenge will change that, where I will be concentrating heavily, hoping to avoid being on the receiving end of any coolers or bad beats.

      My strengths:
      I can make smart, educated decisions and risks. For instance, being able to exploit the maniacs, nits, tight/loose passives and particularly the fish. I can be hard to read, as I like to set traps and I set a few systems into how I play my hands (for instance, in a later position if everyone folds to me, I will raise 3BBs with AA and make the exact same play with 54s). When I am concentrating, I am really "in the zone".

      My weaknesses:
      When I am on tilt, or have lost a big pot, I tend to start losing my patience; chasing my session losses to compensate for the blow which I had received, therefore losing more in the process. My concentration stamina can only really last 30 minutes in a row before it starts to dwindle; I still continue playing when I am out of the zone, leading me to make bad decisions.

      Here's the website and plan:
      My main poker website is PokerStars, where my tankroll will take place. I will use the Holdem Manager HUD to take a few reads on opponents, therefore aiding my decision making in particular situations. There will be multi-tabling, where I will be playing about 10 tables of 5NL, and then gradually reducing the number. I will also be using the chart designed by PokerStrategy when it comes to "taking shots" at the next stakes. I will also make sure that I am utilizing my strengths and eliminating my weaknesses. I will also post up daily if I have played, or decided to take a day off for any particular reason.
  • 12 replies
    • SDK1987
      SDK1987
      Moderator
      Moderator
      Joined: 12.11.2008 Posts: 30,520
      Hello Mike

      Welcome on the PokerStrategy forum :welcome:

      It’s nice to see that you have started a Tankroll challenge. Maybe Get Rich or Die Tryin' - The Bankroll Challenge - Opt-in now! promo for you interesting as well

      It looks like your still a basic member and then you can use 1 or more of our free money offers on poker rooms you don’t have an account yet.

      Further I wish you a pleasant stay on our forum and all the best to improving your game :gl:

      Best regards,
      SDK1987
    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      Thank you for the welcome message SDK.

      Just had my first session today. Played 1269 hands on multiple tables. It was quite a disappointing session in all honesty, but I am happy that I came out with a profit; I was down by over $8 at one point.

      One of my biggest losses: I had :As: :Qh: and villain had :Ah: :Kd: . Flop came :8d: :Ac: :Qd: . He raised, and I called, only for the :Kc: to hit the turn. I called the turn and the river (which completed the flush), but now that I think about this hand, I should have shoved on the flop instead of trying to under-represent my monster hand.

      Later I over-compensated (by winning my money back plus an extra $2.05) on a flip: JJ vs AK, where I hit a K on the turn.

      Altogether, I feel that I had lost way too many small pots, where I had speculative hands.

      Daily net won: $0.37
      Overall net won:$0.37
    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      Unfortunately I had a heavy loss. Despite having good hands and getting my stack in as a favourite multiple times, I still finished negatively.

      For example: I had :As: :Ad: and my opponent had :6c: :6s: . Flop was :2d: :3d: :4s: and I shoved all-in for $6.68. He called me, and I was a 77% favourite to win. However he spiked a miracle turn card the :5d: and stacked me.

      In that same session, I had :Kh: :Kd: and I was all-in preflop against :Qs: :Qh: , when my opponent made a flush as 4 cards were spades. That hand cost me $5.

      Another cooler was when I had :Qh: :Qc: and opponent had :Ts: :Th: . We were not all in preflop, he was a semi-TAG player, and he hit a set of 10s - there I was thinking my Queens were good and then I got stacked again.

      Another hand happened when the LAG MP raised 2x the BB, and I called with :Tc: :Jh: hoping to flop well. Flop came J33 with a 3 on the turn. I knew I had a full house, so then when the river bricked, I was stacked by his :Ad: :Ah: .

      It could have been worse, but being cautious definitely can pay off. I was BTN with :Ac: :Kc: and CO had pocket 4s. :4c: :5d: :As: was the flop, and eventually he would take $2.32 from me.

      So my session ended with a net loss of $27.54
      Overall net loss: $27.17.

      Recuperating my losses by playing some KO Poker. Hoping that my bad luck will be outweighed by my good skill soon.
    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      I've given up on the Tankroll challenge for now. Unfortunately you need some luck in order to succeed, and I have absolutely none. I will wait until I have a bit more money, and then I will try again.

      Next time, my good skill will outweigh my bad luck.
    • fapaja
      fapaja
      Bronze
      Joined: 29.05.2009 Posts: 1,258
      A very short but intense blog! Looking forward to the next chapter... :s_drink:
    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      I will be back. You wait until I finally have some luck, then I will be unstoppable ;)
    • SvenBe
      SvenBe
      Headadmin
      Headadmin
      Joined: 19.04.2006 Posts: 13,392
      Originally posted by mikespr123
      I will be back. You wait until I finally have some luck, then I will be unstoppable ;)
      I also wanted to have some luck! Well, mainly in finding your report for our BR challenge - how is it going there? Did you play some interesting hands recently that you can share with us?

      CU,SvenBe
    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      Hi Sven,

      I have not been back at the Tankroll Challenge, however I am playing quite a bit of live cash game poker, where skill seems to be more prevalent, thus I am on a profit of around £90 after about four hours of playing 1/1 cash games. I had gotten lucky in getting some good cards, however I had extracted a lot of value just by knowing my opponents' game.

      Example: Me (BTN): AA
      Villain (MP): J6o
      A few calls, I raised to 6, villain and SB both called.

      Flop: J92 rainbow, I value bet around 10, SB fold, villain call
      Turn: 7, so J927 rainbow, very dry board
      Villain check, I go all in using SPR (pot was 33, his stack was 26). He tanked for 15 secs whilst I gave nervous tells, then he called, river 9. I tabled aces and scooped the pot of £58 minus the £5 rake.
    • SvenBe
      SvenBe
      Headadmin
      Headadmin
      Joined: 19.04.2006 Posts: 13,392
      He mikespr123,

      how is it going in the live games? Having Aces plays easy most of the time, does it? Especially live when the opponents overplay all type of hands.
      Please have a look at our BR challenge - if you play live for the time being, please just indicate to us so we can set you on a (liveplay-)holiday!
    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      Hey there Sven,

      Thank you for following my thread, I hugely appreciate it. I like having aces, but I hate being bad beat with them. Mind you, I am capable of folding aces when push comes to shove ;)

      For the last 3 days, I have made over £200 on the live tables. My general action: if I am up against good players, I leave early, thus if I am against a load of fish, I stay and take their money.

      I am trying to recite a few hands at the moment...

      ...and I have done successfully!

      I stacked a couple of players lately. Had K9ss, I was UTG, raised to £4 and got I think 3 callers. Flop was K94 w/ 2 diamonds and a club. I bet £8, got a call, then the BTN reraised to £16. Since he was short, I decided to go all-in and he called w/ K8dd. Lucky for me, the favourable odds I had managed to hold up. I think I made £60 in that hand alone.

      There was another hand I had 99, I was BTN. I had lost a few pots, so I had £90 behind me (started on my standard £150). Raised to 4 and got a couple callers. Flop was KJ9 w/ 2 spades. I flopped a set!!! A bet, a reraise, and then I shoved. A fold, and then the caller asked me what I had behind me. I put him on a strong flush draw, though I hoped he didn't have a higher set or a flopped straight. I told him and he called. He had K8ss so my read was correct. On the turn, he hits his flush. The 5s. I was praying for the board to pair, and my heart was in my mouth. The river was a...
      ...Jack!!!!!! I was so relieved to have made a full house on the river. I am not sure what I would be doing now, had I lost the hand.

      A couple of days earlier, a beautiful Eastern-European young lady joined my table. I never met her, but I gave her a warm welcome, and she said hi to me :D
      Unfortunately it didn't end so well... I feel like I turned her off from me, since we played a hand where I flopped 2 pair against her flush draw and I took all her money, causing her to leave the table and not return. I am sure we all heard many people say to us "Money can't buy you happiness, but love can"...

      Thank you for the offer Sven! How do I access the live play holiday thing? I have to admit, I am really enjoying live poker. It's way better than online :D
    • SvenBe
      SvenBe
      Headadmin
      Headadmin
      Joined: 19.04.2006 Posts: 13,392
      Ha if it works for you no problem if you play live! I just wonder if not maybe the rake is a little bit high. You wrote before about a £5 rake for a 50£ pot - phew, that's a hefty fee for playing with the fish!
      On the other hand, what online poker room could you possibly meet young eastern european women at? Haha!

      For going on holidays from the BR challenge, you can also let me know here for how long you will be on break. Of course you can also feel free to move from a online BR challenge to a live game BR challenge. How does that sound? It also keeps some tracking in your live games...

      CU,SvenBe
    • mikespr123
      mikespr123
      Basic
      Joined: 20.09.2015 Posts: 12
      Hi again Sven!

      Sorry for my late response. Been procrastinating in the poker world lately, as I have been learning how to use a computer program called Python.

      I don't mind the rake. I don't really take much notice, as winning £100 on a given day would make me happy (poker needs to continue a bit longer before I can afford to hire a jet-ski for a day!). I usually just count my profits.

      I would love to find one of them at an online table! But I won't see their face. I only really feel the dopamine rush when I see her live :p

      My latest key points: Had an unlucky day where I lost my £150 buy in, after I turn the nut straight and get it in before opponent rivers the flush. Afterwards I had TT another opponent had 99 and after I got my remaining £60 all in, he called and spiked a 9. Oh well, I came back and won £350 the next week, putting my surplus since my last post at £200 (including trapping a couple of opponents, one with a set of T's and another with quad 3's). Then I played the Cash Game Loyalty tournament. First prize was £12250 and 55 out of 200 get paid...
      ...and I won £280!!! I was a short-ass for much of the mid stages of the tournament, until I got a few slices of luck (e.g holding with 22 vs AQ). I felt so happy when I knew I made the money. Unfortunately my run came to an end when my chip stack shrunk, and my K7 lost to T4. Since then I haven't really played, but I would love to return again when I am less busy from my outside-poker business :)

      Yes please, it would be great to convert this to a live BR challenge! I will probably be back playing more regularly in September :D