Hi,
I am Rickie, I am from the UK and have been playing now for around 4-5 years. I am mainly a MTT SNG player, but also play PL OMAHA every now and then. I have played at varied limits up to $15 SNGs, the tournaments I have the most experience at are 45/90 man MTT Sngs.
History:
In the past I managed to build bankrolls of a few hundred dollars, however due to poor bankroll management these were lost. Mainly because I didn't set goals and once they was achieved the money was wasted on tournaments like Sunday million and higher limit SNGs. Another problem which I had was I didn't understand variance or ROI properly. I used to just play expecting to win every flip etc… which tilted me and contributed to losing my BR.
Current:
Earlier this month I deposited $11 as I wanted to start grinding SNGs again and this time I have set goals which are stated below. However this time the most important thing for me is to continue setting new goals once these have been achieved.
I am capable of playing around 35 tournaments at a time profitably at 0.25 limit, which means if I play around 3-4 hours on a night I can play around 60-80 depending on traffic and internet speed.
Challenge:
Starting with a bankroll of $11 I am going to try and build this up to $2000 by the end of 2013, to do this I will aim to play around 800-1000 tournaments per month. I will blog on here monthly or whenever I move up a limit, providing a graph with basic statistics and a set of new goals for the following month.
Start:
Bankroll -: $11.24
Date -: 10/12/2012
End:
Bankroll-: $2000
Date -: 01/01/2014
Bankroll management:
150 buy in rule for any limits above 0.25, reason being im already crushing 0.25 limit, will move back down once 50 buy ins at any current limit. Meaning if at any point while playing the 0.25 tourneys I go down to $5 I will move down to 0.10
Bankroll Tournament Buy-In (Duration)
$11 $0.25 (2 Hours)
$75 $0.5 (1 Hour)
$225 $1.5 (1 Hour)
$525 $3.5 (1 Hour)
$1,050 $7 (1 Hour)
$2,250 $15 (1 Hour)
Statistics
I currently use Poker tracker 3 to record statistics and produce graphs, this also provides a HUD. I will be reviewing these statistics one day per week to attempt to identify leaks. I have been told holdem manager is great for this but I am not sure what the difference between the two programs are.
Projected ROI
Projection based on 1000 tournaments being played each month (Used an excel spreadsheet with formulas to project this, if anyone wants this I could provide a link later)
ROI Dec-12
2% $16.24
5% $23.74
10% $36.24
20% $61.24
30% $86.24
40% $111.24
50% $136.24
ROI Jan-13
2% $21.24
5% $36.24
10% $61.24
20% $111.24
30% $236.24
40% $311.24
50% $386.24
The above shows a projection based on running on average at the specified percentage and also presumes I will play 1000 tournaments per month. This isn’t an accurate reflection I may not even achieve 2% I will use this to set goals each month depending on the previous month.
As I have already been playing this month and don’t have much time left I believe the below goals are achievable:
December Goals
Reach $20
Play 200 tournaments a week
Watch 2 videos
Go gym 3 times a week
