20K06

[Jeebus Kliest]

Objective: 20k profits by the end of 2006.

Summary: After a break and cash-out of some money due to sickness, I am getting back on track for BR growth. Although I find 20k profits by the end of next year to be a lofty goal considering my starting amount, my previous success gives me encouragement. I will be playing a minimum of 4 tourneys a day on weekdays and 10 tourneys a day on weekends. This number per day will fluctuate, but not to go below 40 tourneys a week except in cases of vacation or illness. If more per day/week can be played, I will do so. This objective will be split into steps, most of them being the jumps up to the next level of SNG stakes. The expected completion dates for each step are tentative due to the large number of possible unforeseen circumstances that may arise to delay my progress, as well as variance I will no doubt hit. Also the goal is noted for 20k in profit by the end of 2006. This is in part due to the cash-outs I will no doubt be making for various items that for the most part will help in my progress.

Start: $500 @ 9/19/2005

Step 1: $660 for step up to the $20’s
Tentative completion: 10/3/2005

Step 2: $1500 for step up to the $30’s
Tentative completion: TBD

Step 3: $3300 for step up to the 50’s
Tentative completion: TBD

Step 4: $6540 for the step up to the 100’s
Tentative completion: TBD

Step 5: $10,000
Tentative completion: TBD

Step 6: $15,000
Tentative completion: TBD

This will be a tough goal for me to hit…but I am finding without structure, my potential is severely hindered.


With that, I ask that any of you who have insight on taking on this kind of endeavor or have experience as to the tendancies of the higher levels please let me know what I can expect so if any revisions need to be made, they can be. I know the typical BR guidelines are just guidelines, but I wonder if risking so much of my BR on some of my more SNG busy days is a bad idea and if I should shoot for higher than 30buyins before stepping up.

Edit #1: Doubled minimum BR for 33's/55's/109's as I underestimated. Also prioritizing multitable proficiency.

[Muxy]

GL mang.

[JeffreyGB]

I'm a proponent of taking it fairly slowly when moving up. If you have the time to play 10 games, then why play at a level where losing 2 means you're done for the day (assuming you follow the 10% rule)? A lot of players will tell you that you're less likely to see as high an ITM/ROI at the higher stakes as well (I'm not sure I agree, yet. My sample size is too small to make proclamations on way or the other), and if that applies to you, then you certainly need to have a larger buffer in place.

For my own part, I've 35 buyins or more each time I've moved up. But as I've said, I've made it a point to be if anything overly conservative.

Depending on the site(s) you play, higher buyin SnGs can be hard to find. On UB, it's nearly impossible to play anything above the $33 level. On Stars, it can take a while to get things started above the $55 level if it's not a peak time.

One thing to consider is mixing in MTTs once you reach the level that it makes sense (mostly, once you reach the level that it makes sense to you). Ultimately, I wouldn't be surprised if I end up strictly an MTT player, although currently all I play is SnGs.

And btw, good luck. I think your goal may be a little ambitious for the time frame you've got, but that shouldn't keep you from proving me wrong!

[Jeebus Kliest]

I know it is incredibly ambitious, I asked how the upper levels filled and was told it takes longer but not forever, if that is the case I will no doubt be playing those by neccessity. I am trying to hit a happy medium between unrealistic and slight challenge...only time will tell if I did.

Beyond 20's I will probably have to step it down for a while when I move up, it only makes sense that you would have to get used to the change in play before stepping it up to high gear. But I truly meant these first few weeks to be time for revisions, but beyond that I am shooting for the gold.

Thanks bud.

Now would you suggest I step it down, I know I am not keeping in line with 10% a day rule (seeing as i was planning on risking 13% or so a day weekdays and up to 33% on weekends. That is a large amount...something I played with but felt faily comfortable with seeing as I knew when to stop if I am having a bad day. So in keeping with what I would like to do, drop the number down some on weekends...raise the number up a tad on weekdays? Still over 10% likely but not those huge risky days. Or just drop the number per week completely. Or just play it by ear...

Other alternative is to wait until I am over 30 buyins..more like 40 or 50 to move up. Open for suggestions.

[Trikflow77]

dude that is not a lofty goal.........i think if you are even decent you could make 20k 8 tabling the 22s. I know i could make 3-4 a month playing just 22-33s so i think you goal is attainable. Just play within the roll. I would NOT recommend moving to the party 55s without 3k though. I dump 1k all the time on normal swings at the 55s, and with a 1650 bankroll you risk going broke for sure. And same goes for the 109's, you step up with 3k, you could dump half your roll first day if the cards dont fall right. Other than that, looks good and gl to ya.

[Jeebus Kliest]

Thanks trik, was hoping you would lend some insight. I only dabbled as far as 33's and stuck to mainly 22's before i got sick so I figured the same would be true for higher stakes. Will rework this no doubt and run with more action on smaller stakes.

[Staple Gun]

A while back I made a goal to go for 10K over the next year. I was hovering around 800 and hit a bad streak and only had about 500 left. Every time I played I was thinking about my long term 10K goal and not paying enough attention to how I was playing.

I scraped the plan and just decided to play for a while and my profitsa started increasing so I set a new $2500 goal I already had $1500 at th time). Knowing that I could reach my goal any day with a big MTT finish, I was playing my best and ended up exceding the goal in onl a few weeks.

So I would suggest to think of it as several small goals one at a time. You might be better at thinking long term than me and if that helps then by all means do it, I just found personally that if my goal is reachable sooner I am more anxious and more apt to achieve it.

GL

[Jeebus Kliest]

Thats what I figured as well...it will be readily apparent mid next year whether or not 20k is going to be realistic, but at the least I want to hit all of those steps on the way.

[JeffreyGB]

I just reread your post. For some reason I was thinking you were trying to make 20k by the start of 2006. By the end of 2006 is completely possible (I take back everything I said about it being too ambitious). Study up on your game and you will get there. I'm making $25k next year.

I support the use of subgoals, and use them myself. Typically even with the relatively short term goals I've stated on the site, I break it down in my personal records to weekly goals/winnings, though I don't let myself get hung up on it if I'm not 100% on track.

[Jeebus Kliest]

Haha, If I could make 20k by the end of this year I sure as hell wouldn't be working. I truly think I am still shooting a tad high, mostly since my time is somewhat more restricted than most, but I will get it, I have no doubt about it. It is truly just a matter of how I get there..somewhere in the middle of as safe as possible and as quick as possible.

Thanks for the encouragement and ideas guys.

[JeffreyGB]

I truly think I am still shooting a tad high, mostly since my time is somewhat more restricted than most...

I'd be amazed if you have a more restrictive schedule than I - you are playing more in one weekend day (from your above post), than I manage to fit in to some weeks. You're confident that it's possible though, so I won't comment further.

[Jeebus Kliest]

Just a little update...

I have put poker on a semi hold for a little while because I decided to go the casino whoring route for a while.

I figure I might as well get some free money to add to the BR that way to give me not only a jumpstart on my BR progression, but also to add a buffer so my skill can progress more efficiently without added variables.

Starluck I busted out of, just some incredibly bad luck there.

Planetluck I gained 162 profit

Bet365 I gained 45 profit...currently working on poker bonus there now

CON I did a couple months ago for 342 profit...counting it toward total casino bonuses but doesn't really add much to my profit as of recently

Omni Casino I broke even

William Hill I am still working on...+320 profit right now, we will see where I end up when the entire bonus has cleared.

VIP I am just starting (figured I would deposit and get a jump start on them sending me a PIN number)

Once I get some of my cashouts back I will continue with it.

So a big thanks to lovesalsa so far...his little guide has helped out a shitload. Assuming all goes well from now I should be sitting pretty months ahead of my goal plan, giving me plenty of no pressure time to make sure my skill level is in order to move up. Since my BR will not reflect my poker success I will still be moving up slow enough to make sure I am good enough to advance, but not too slow that I hinder my profitability.

Hooray