Well, it's been a while since I've posted on anything poker related. Mainly because I have not been playing much and therefore there hasn't been much to report on. I have not been playing at the higher stakes like I was last year as I found the fluctuations were beginning to be too extreme. So I took my profits and ran! Well, not quite.
I withdrew most of the money out of my poker account into a US account for travel into the states and also for some US investing. I left some in my online poker account though because I wanted to keep the poker going, but at much smaller limits. I haven't found this to be anything profitable, but definatly entertaining.
Earlier this month I decided to start out on a theory after playing a few heads up winner take all tourneys. For a very small risk of $5.25 per player where $5 goes into the prize pot and the $.25 goes to the house. So if you win, you take home $10 or after you factor in the $.25 and your buy in, it's a $4.75 profit. I found that I would win far more than I would lose. With this information I decided to try a little experiment. Worst case the system would fail and I'd be out a couple of dollars, best case scenario is that I'd have a constant stream of income (albeit quite small, but free money nonetheless).
My theory is this, I play enough of these $5.25 games (each game can take anywhere from a couple minutes to as long as 15 or 20 in extreme cases - I'd say 5 mins on average) to take in at least $15 per day. Simply play everyday (if possible) and it should equal roughly $100US per week, $400US per month and $4,800 per year. Little bits add up! After a little while I can quite simply also increase the limits to the $10.50 games and then take all those numbers and double 'em.
So I'm right on track now after 9 days of making on average of $15/day. You can keep track of how my poker system works or fails just above the destination tracker to the right. =============>>>>>>
The hardest thing to do is stop after making the $15, but for my experiment I can't get greedy... need to stay consistant! I recommend this system to anyone and everyone! I call it little risk with nearly guaranteed results.. well.. in my case at least.. "your results may vary!" ...had to throw in the disclaimer there. ;)
Thursday, January 12, 2006
Poker Tracker
Posted by
Matt
at
11:12 PM
Subscribe to:
Post Comments (Atom)
3 comments:
I KNEW IT!!!
Matt's little experiment is a cover for something much grander.
HE IS ASIAN!!! His friends are all asian, he drives a hot sports car and now this experiment is his asian gambling problem incognito!!
JC, or... I should say, BUDHA, ;) YOU ARE ASIAN!!!
(So we got the recent blog on the update on poker. Next, an update on poke her :D Haha i kid i kid.)
Whats the new years resolution Matt??
Haha.. you just might be on to something ;)
As for New Years Resolutions... I didn't really make any. I don't think that I could really make any sort of resolution that's going to get followed to any degree, so why even bother! Perhaps just to make some extra spending $$$ for all the little UNEXPECTED expenses that come up by continuing to play my low risk poker strategy.
Update - it's going well. Day 12 and at $206, so I'm slightly ahead of my daily $15 minimum. Woo hoo!
LOL interesting system there.
"Keep on playing until you're up $15". You also did forget to mention is either you're up $15 or until you're broke :P
Of course the latter shouldn't be a problem for you eh?
Post a Comment