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Joshlarr's 'free' bank roll challenge! (£69.70 17/5/2012)

JoshlarrJoshlarr
edited May 2012 in Poker Chat
Oh, and another thing. I managed to win free entry to the 5K open coming up on Tuesday (15th May) so you never know, I might run good in that! I highly doubt it though, but I'll be trying my best with a few cups of tea at hands (in hope that I can last a few cups that is)
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  • JoshlarrJoshlarr
    edited May 2012
    *CHECK THE MOST RECENT POST FOR CURRENT BALANCE!*

    ---------- ---------- ---------- ---------- ----------

    Seeing as there's so many personal challenge threads, I thought I'd share mine with you all :)

    As you may or may not know, I'm new to Sky Poker and have managed to live of the free tournament entries I started off with. So, my challege is to try and make this little bank roll a monster or simply make it last as long as possible and have some fun along the way.

    I'm a couple of days in to it and managed to cash £20.66 from my initial free entries, so obviously that is what I'll be starting with.

    I'm only ever going to risk 10% of my bank roll at any given time which means I won't be starting with cash games until I can afford 100BBs at 4NL (£40 total bank roll)

    ---------- ---------- ---------- ---------- ----------

    Anyhow, on we go with the ups and downs so far...

    £20.66 £6.00 BROUGHT IN
    £19.56 -£1.10 Tournament
    £19.26 -£0.30 Sit & Go
    £19.46 £0.20 Sit & Go
    £18.86 -£0.60 Sit & Go
    £17.71 -£1.15 Sit & Go
    £16.56 -£1.15 Sit & Go
    £17.41 £0.85 Sit & Go

    TOTAL = £17.41
    DAY CHANGE = -£3.25
    TOTAL CHANGE = -£3.25

    ---------- ---------- ---------- ---------- ----------

    So yeah, I'm negative so far but only by a little so I'll still be trooping on. By the way, I have A-level exams coming up so I won't be able to plat as much as I'd like but after that I more or less have the whole summer free!

    LET'S DO THIS THING!

    ---------- ---------- ---------- ---------- ----------

    *CHECK THE MOST RECENT POST FOR CURRENT BALANCE!*
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  • 68Trebor68Trebor
    edited May 2012

     Welcome to the 'Land of the Diary' I will follow with interest, GL.
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  • devonfish5devonfish5
    edited May 2012
    hi josh,
    played against u a few times 2nite
    best of luck with building your bankroll,
    make it BIG
    :-)
    devon
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  • JoshlarrJoshlarr
    edited May 2012
    In Response to Re: Joshlarr's 'free' bank roll challenge!:
    hi josh, played against u a few times 2nite best of luck with building your bankroll, make it BIG :-) devon
    Posted by devonfish5
    You did indeed, and did just a little better than me ahah. I'm just having a bad day though ;) And thanks :D
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  • YOUNG_GUNYOUNG_GUN
    edited May 2012
    GL everyone likes free moneys 

    And welcome to the site 
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  • JoshlarrJoshlarr
    edited May 2012
    Thanks! :D

    I'm looking forward to getting home tomorrow to try and have a positive night :)
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  • JoshlarrJoshlarr
    edited May 2012
    Up early in the morning so this is how tonight has ended, slightly positive.

    £17.41 £0.85 BROUGHT IN DYM
    £18.26 £0.85 Sit & Go DYM
    £19.11 £0.85 Sit & Go DYM
    £19.96 £0.85 Sit & Go DYM
    £18.81 -£1.15 Sit & Go DYM
    £17.66 -£1.15 Sit & Go DYM
    £18.51 £0.85 Sit & Go DYM
    TOTAL = £18.51
    DAY CHANGE = £1.10
    TOTAL CHANGE = -£2.15

    Nothing to be proud of really but I'm only just starting and for £2 I have had plenty of fun and opportunities to learn. Can't go wrong really :)

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  • DazlerDazler
    edited May 2012
    im doing the same challenge joshlarr and started with nowt im upto £150 so far so it is possible gl m8 hope you run well and welcome to the forum :)
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  • JSTFLIPPINJSTFLIPPIN
    edited May 2012
    Good luck.

    The normal SNG structure is awful on this site, only thing that is profitable for me is DYMs
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  • JoshlarrJoshlarr
    edited May 2012
    So much for the early night, found myself lurking around the forum instead. Still up early though, woops!

    In Response to Re: Joshlarr's 'free' bank roll challenge!:
    im doing the same challenge joshlarr and started with nowt im upto £150 so far so it is possible gl m8 hope you run well and welcome to the forum :)
    Posted by Dazler
    Awesome! I should be able to achieve it if I carry on only risking 10% of my bank roll at a time in DYMs and then progress to the cash tables. It may take some time but by only risking 10% I SHOULD ensure I don't go bust. I've been reading through "Zen and The Art of Poker" too for the first time which seems to be helping in some strange way. Hopefully soon enough my "nowt" will become a sum similar to yours :D

    In Response to Re: Joshlarr's 'free' bank roll challenge!:
    Good luck. The normal SNG structure is awful on this site, only thing that is profitable for me is DYMs
    Posted by JSTFLIPPIN
    DYMs are the way forward for me until I can afford 100 cash BBs at 10% or less of my bank roll. So until I have £40. Slowly but surely I will improve in both skill and bank roll!


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  • DazlerDazler
    edited May 2012
    yes you can do it if you def stick with the 10% or less br, I got it up from nothing to about £130 twice and blew most of it by getting the bigger buy in syndrome and had to start again but im back up and sticking to it this month if i did that from when i started i reckon id be upto £400, so def stick with the br rule or you just end up grinding again which is a real drag. If you wanna bump it up then play in the £20-£50 garanteed rebuy tornys for £1 just dont keep rebuying if you go out play another. You only get around 20-30 players but can bink around £30-£50 if you can take one down. GL buddy will be watchin to see how you get on :)
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  • tripleb684tripleb684
    edited May 2012
    GL to you, but your maths needs scrubbing up, twice you say 100BI at nl4 is £40!!
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  • devonfish5devonfish5
    edited May 2012
    keep going Josh
    :-)
    dev
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  • Dudeskin8Dudeskin8
    edited May 2012
    Good luck mate.

    This first bit will always be hardest especially in the DYM's where the rake is pretty awful, as you move up to £3.30 they start becoming more profitable although once you get around £50 I'd advise switching to cash where there's much more to be had ;)
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  • JoshlarrJoshlarr
    edited May 2012
    In Response to Re: Joshlarr's 'free' bank roll challenge!:
    yes you can do it if you def stick with the 10% or less br, I got it up from nothing to about £130 twice and blew most of it by getting the bigger buy in syndrome and had to start again but im back up and sticking to it this month if i did that from when i started i reckon id be upto £400, so def stick with the br rule or you just end up grinding again which is a real drag. If you wanna bump it up then play in the £20-£50 garanteed rebuy tornys for £1 just dont keep rebuying if you go out play another. You only get around 20-30 players but can bink around £30-£50 if you can take one down. GL buddy will be watchin to see how you get on :)
    Posted by Dazler

    I'll try some later on today, see what happens :D

    In Response to Re: Joshlarr's 'free' bank roll challenge!:
    GL to you, but your maths needs scrubbing up, twice you say 100BI at nl4 is £40!!
    Posted by tripleb684
    What I've been trying to say is I'll move on to 4NL when 100BBs (£4) is equal to 10% of my bank roll, which needs to be (£40). 

    In Response to Re: Joshlarr's 'free' bank roll challenge!:
    Good luck mate. This first bit will always be hardest especially in the DYM's where the rake is pretty awful, as you move up to £3.30 they start becoming more profitable although once you get around £50 I'd advise switching to cash where there's much more to be had ;)
    Posted by Dudeskin8

    Thanks, if and when the time comes that's exactly what I'll be doing. I have to sit tight and get there first though! :D
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  • JoshlarrJoshlarr
    edited May 2012
    Another slightly positive day, can't complain really. Plenty of time to improve :)

    £18.51 £0.85 BROUGHT IN DYM
    £19.36 £0.85 Sit & Go DYM
    £18.21 -£1.15 Tournament Guaranteed
    £17.06 -£1.15 Sit & Go DYM
    £17.91 £0.85 Sit & Go DYM
    £16.76 -£1.15 Sit & Go DYM
    £17.61 £0.85 Sit & Go DYM
    £18.46 £0.85 Sit & Go DYM
    £19.31 £0.85 Sit & Go DYM
    TOTAL = £19.31
    DAY CHANGE = £0.80
    TOTAL CHANGE = -£1.35

    So yeah, still hanging on in there for an overall profit but I'm sure it will come soon enough. I have A-Level exams coming up in the next three weeks so I'm going to try and force myself to revise for those more than playing poker for the time being so I can get them out of the way and switch my priorities around for the Summer.

    Obviously I'll still be fitting in a little bit of poker ahah...

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  • JoshlarrJoshlarr
    edited May 2012
    I've only managed to fit the one DYM in today which has lead me to a continued loss but never mind. I did write a post before this discussing the percentages of £1.15 DYMs but it didn't seem to post and I can't be bothered doing the calculations again but what I was saying was along the lines of you can win 75% of what you play and still only win 15% of what you have risked which isn't really the best of revenues. 

    Anyway, here's the colourful stuff for the day...

    £19.31 £0.85 BROUGHT IN DYM
    £18.16 -£1.15 Sit & Go DYM
    TOTAL = £18.16
    DAY CHANGE = -£1.15
    TOTAL CHANGE = -£2.50

    Total Change % (on the theme of the previous unposted post) = -12.1%



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  • Lambert180Lambert180
    edited May 2012
    In Response to Re: Joshlarr's 'free' bank roll challenge! (£19.31 12/5/2012):
    I've only managed to fit the one DYM in today which has lead me to a continued loss but never mind. I did write a post before this discussing the percentages of £1.15 DYMs but it didn't seem to post and I can't be bothered doing the calculations again but what I was saying was along the lines of you can win 75% of what you play and still only win 15% of what you have risked which isn't really the best of revenues.  Anyway, here's the colourful stuff for the day... 12/05/2012-8 £19.31 £0.85 Sit & Go DYM 13/05/2012-1 £18.16 -£1.15 Sit & Go DYM TOTAL =  £18.16 DAY CHANGE =   -£1.15 TOTAL CHANGE =  -£2.50 Total Change % (on the theme of the previous unposted post) = - 12.1%
    Posted by Joshlarr
    The thing with things like DYMs is that the revenue will never be that great per game. If you're doing really well at DYMs you're ROI (return on investment) will be 10% and that is REALLY good, and that means, you stand to make about 11p everytime you play a £1.15.

    So yeah it sounds terrible but the only way you can make decent money from these formats is by putting in alot of volume. So for example, 11p per game sucks, but play 1000 in a month and you've just made £110 and earned 1000 poker points to give yourself an extra tenner.

    I should point out that it is by no means easy to get a 10% ROI and most people will never get there.
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  • JoshlarrJoshlarr
    edited May 2012
    Well at the moment I can't fit a great amount of poker in but in around 3 weeks I have up until September free... how convenient ahah

    Over 4 days and about 20 games I've made a 12% loss which isn't substantial and my play can only improve, my win/loss ratio is 11 wins to 10 losses and excluding the tournament entries that's 11 wins to 8 losses. Sounds good on paper but when numbers are considered, that's a loss. 

    Anyway, I'm not complaining. I'm enjoying my game either way and looking forward to trying to make a profit with the project through the summer :)
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  • JoshlarrJoshlarr
    edited May 2012
    Another day of just the one DYM and another day of a loss, never mind though... (my usual saying now ahahh) 5K open tomorrow along with the new player freeroll, see how bad I can do in those! :D

    Today's colours though:

    £18.16 -£1.15 BROUGHT IN DYM
    £17.01 -£1.15 Sit & Go DYM
    TOTAL = £17.01
    DAY CHANGE = -£1.15
    TOTAL CHANGE = -£3.65
    TOTAL CHANGE % = -17.67%

    Red all round at the moment, I have noticed that the first game of every day I seem to lose so my plan is to not to play just the one DYM even if I don't have the time for a few. It's enough for me to get in to a rythm or none at all.
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  • devonfish5devonfish5
    edited May 2012
    hi Josh,
    chin up m8 early days.
    dym,s are a strange old game to play.
    the only thing i would say though is the more games you play
    the more edge you will have.playing just 1 or 2 games really is 50/50,
    get multi-tableing asap i,m sure it will help.
    best wishes,
    :-)
    dev

    ps,
    with your b/roll only being £17 i know that this would be dangerous 4 you.
    so i don,t know if you would be better off playing 2x60p rather than 1x£1.15
    not sure...maybe not.
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  • JoshlarrJoshlarr
    edited May 2012
    Thanks Dev, I'm still sure I'll be able to turn it around seeing as it's only just under 20%. Plus it's only a little project to see what I can do without having to deposit any money, at no point have I thought I'll be able to go on without having to put anything in. In fact I'm happy making the money last as long as possible and learn from it :)

    I'll have a go at multi-tabling at the weekend and certainly after all my exams are over. The last one is on the 30th of May so as you can guess, after then it's going to be poker, POKER, POKERR!! Ahahh
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  • devonfish5devonfish5
    edited May 2012
    hi again Josh,
    liking your attitude m8.
    no reason why you will have to deposit any more money.
    just keep on doing the right things and you,ll be fine.
    best of luck with your exams too.
    :-)
    dev
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  • TRIP5TRIP5
    edited May 2012
    Welcome & GL with this!!!!

    Carry on playing the freerolls on here... If you know what you're doing they can be a beut way of adding an extra ten or twenny squid to your roll which is great for your challenge..

    Nice spreadsheet work!! It seems your accounting is better than that of yr footie team ;o)

    xx
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  • JoshlarrJoshlarr
    edited May 2012
    just the one change today, a very big one! I finished 19th in the 5K open that I got free entry in to which has seen me to a £54.40 profit today...

    £17.01 -£1.15 BROUGHT IN DYM
    £71.41 £54.40 Tournament Guaranteed
    WATERTAXI018£54.40 + 40 League PointsJoshlarr019£54.40 + 40 League Pointsstukojak1020£54.40 + 40 League Points

    TOTAL = £71.41
    DAY CHANGE = £54.40
    TOTAL CHANGE = £50.75
    TOTAL CHANGE % = 245.64% (Rather silly now)

    So yeah, very pleased with myself! Better get to bed now though, got to get up in the morning...
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  • Dudeskin8Dudeskin8
    edited May 2012
    Great stuff mate, always better when it was a freeroll :D
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  • martin111martin111
    edited May 2012
    what s that mean monster bank roll for ya?u ll not enjoying ur game anymore after this.gl anyway
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  • JoshlarrJoshlarr
    edited May 2012
    Thanks Dudeskin, it is ahah! Wouldn't have even thought about entering if I had to pay either :P

    In Response to Re: Joshlarr's 'free' bank roll challenge! (£71.41 16/5/2012):
    what s that mean monster bank roll for ya?u ll not enjoying ur game anymore after this.gl anyway
    Posted by martin111
    Don't really understand this but I will certainly still enjoy my game :)
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  • EvilPinguEvilPingu
    edited May 2012
    Nice cash yesterday, wp :)
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  • devonfish5devonfish5
    edited May 2012
    well done josh,
    nice 1
    :-)
    dev
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