CHANGE IN PLANS
Some time last June, I came up with this idea to win $7/day or so and earn $2,000 to play in the World Series of Poker in 2008. After long deliberation and a look at my current bankroll which is above where I needed it to be but not by much (right now, I’m just a few dollars shy of $2200), I’ve made a couple of decisions:
1. While I’m where I need to be as far as my bankroll is concerned, I’m not ready to start back at the level I would have to if I were to deplete my bankroll to pay for the $1,500 buy-in and the additional expenses of a trip to Vegas that I wanted to use my bankroll for. So, I’m putting off the trip to Vegas to play in the WSOP until I have double in my bankroll to pay for what I need. So, in this case, I would have to be at at least $4,000 in my bankroll to make this possible.
2. I am focusing on solid cash game play to build my bankroll. From now on, whenever I play cash games, I am tracking my results in Excel and keeping track of my hourly rate and my BB/100 win rates. I’ve designed a spreadsheet and so far it is working out well as I have been focusing on $0.50/$1 or $1/$2 Razz.
3. I will take some bigger risks with my bankroll to play in some larger online tournaments in the big special events on either Full Tilt or Poker Stars. The first one I’m contemplating is the $300 buy-in Razz event on Full Tilt in early May.
4. I will play in at least one preliminary event in a poker series in Atlantic City prior to the end of the year. Right now, I’m targeting the $200 buy-in Stud event in June at the Borgata Summer Open.
When all is said and done, while it is disappointing to concede that the play is to skip the WSOP this year (although I still may make the trek to Vegas for a few days), I think it is the smart play. I would have had to payout from my bankroll now to have it for Vegas and I’m just not ready to drop down in level as much I am supposed to to go back to below $700 in bankroll. Maybe losing the imaginary line of $2000 will help spark a bankroll run to really ignite my play as I feel there was something about that magical imaginary line that was affecting my play.
I’ve also decided to devote more of my blog to poker and less rambling about nonsense. We’ll see how that goes.
