I decided to post here on to keep myself on track while I aim to make $50K in one year playing 5 man turbo SNG’s. It sounds ambitious but I think it can be done if I remain foccussed enough.

I have been playing online poker on various sites for about 2.5 years playing a mixture of ring and tourney's. I was a 2bb/100 winner over about 85k hands playing 6 max limit but recently I just can't seem to maintain that winrate probably due to boredom or maybe the level of play has increased. I have played heaps of mtt's however my biggest cash is only $1,800 on Euro bet and also one for a similar amount on Paradise a few years ago. I suck at NL ring games to the point where I blew most of my limit winnings on it, maybe one day I will go back but it just doesn't interest me at the moment.

I have always enjoyed playing SNG’s so I decided to have a go at playing 500 per month and see if I can achieve my goal in a year.

I deposited $100 at the start of July on PokerLoco on the Ongame network as they offered an ongoing free load bonus that equates to approximately 50% rake back on my tourney fees. I started at the $5 level just to see if I could beat the lowest levels before moving up. I try to keep at least 30 buyins in the bankroll for any particular level I am playing and drop down if I am losing too much. So after the first month my results are:

$5 level 56 Games 37% ROI $115 Profit
$10 level 109 Games 6% ROI $ 71 Profit
$20 level 320 Games 13% ROI $920 Profit
$30 level 201 Games -1% ROI $ -33 Loss
$50 level 28 Games 21% ROI $313 Profit

My Overall Stats Are:

716 Games Ave Stake $21 10% ROI $1,387 Profit

During the month I also cleared $700 worth of freeload bonuses bringing my bankroll on the site to $2,187.

I will now stay at the $50 level unless I have a downswing in which case I will return to the $20 level for a while. My aim is to get to the $100 level as I would clear $2,000 a month just in bonuses at that level. I will not play the 100’s until I have at least 4k in my account though.

I have based my bankroll targets on achieving a ROI of 8% and to be at the $100 level within two months from now. Not sure if I can sustain a 8% ROI at the $100 level but we will see what happens. I also won't be convinced I am beating any particular level until I have played at least 1500 games at that level.

I have also been thinking alot about the periods of -ve variance that always occur and are enevitable and how I can combat them, I will discuss more on this next time.

Thanks for reading