Obligatory Poker Goals Post
by dtools22 | Published Sep 13, 2012
Ok, as promised I will be posting my goals for the remainder of 2012 below. I do want to put up a bit of a disclaimer here first. I haven’t put a ton of thought into these goals before I let my fingers start typing up digital checks my ass will have to cash later. This is going to be more of a, “Here’s where I am, and here’s what’s on my radar” post than it is a hard and fast set of guidelines that must be completed as a qualification of my own professional self-worth. Some might be outlandish and others will likely be baby’s first achievements but you have to start somewhere so without further ado, here we go.
Let me recap where I’m sitting right now. I’ve got a bankroll to play at 1/2NL. I have around 20 buy ins (I say around because it’s been between 17 and 25 for the past few weeks) and I have some runway as far as my monthly expenses go. One important note, I’m not buying in full at the 1/2NL games. At Foxwoods a full buy in is $300 or 150BBs, I’ve been buying in for $100 or 50BBs. The games don’t really require more of an initial investment than that to beat and I don’t hesitate to reload if the game is good. If I find some weak spots in the game I’ll just put another $100 on almost regardless of what my stack size is (assuming I can do it without breaking the maximum limit). I have cut down on expenses by moving into a friend’s house and renting a room. Ironically enough my current residence is about twice the amount of space I had at my old place for about $400 less a month in rent alone. In addition I have no cable bill and no electric bill. My monthly financial obligations are to pay my student loans, put gas in the car, pay down my credit card bills, pay my minuscule rent, and to feed myself. I’ve managed to cut my expenses down to only about $1,000 per month which will put far less stress on my bankroll and constantly pulling money out for bills like I was at my previous apartment. The downside is I probably only be in this living situation for the next year. There are more expenses coming down the pipeline that I will need to be ready for so moving up in limits quickly needs to be priority number one and needs to happen before the end of the year. And yes, before anyone mentions it, I am putting money away in savings as well.
So with my current bankroll I have a few goals to reach:
1) Get my bankroll up to about $5,500 by the end of September. That basically gives me 3 weeks to win $3,000. Playing the hours I do that really shouldn’t be a difficult task. Obviously variance can play a factor in dampening my charge to a bigger bankroll but I’m not trying to turn water into wine with this first goal so I feel pretty safe putting it on this list.
2) Play in 2-4 events at the World Poker Finals in August. Foxwoods has their annual fall tournament series starting October 15. The buy ins for most of the events in the 2 week series are $300-$600 with only a few events breaking the $1K buy in mark. There has been some drop off over the past few years in turnout but there will be a few events in the smaller buy in range that will have $30K or more for first place prizes. I think it would be a nice feather in my cap to build up the roll enough to play in $1200-$1500 worth of events. Obviously the greater feather would be to win one of those events but one step at a time. I’ve got to get into them first.
3) I just recently returned to the online poker felt. I put $300 onto Carbon poker and I’m going to try and run that up a bit playing $10NL. Since I am still a US player and my country seems to hate poker for some unknown reason, I’m not planning on relying on income from online poker in anyway over the next few months. My goals are to run up my bankroll to around $600, start playing $25NL, run the bankroll up to $1500, and then start grinding $50NL. I have no idea how long this will take since I’m not sure how many days a week I can really commit to grinding online. What is more important with regards to my online action is getting more volume in. It’s more important to me right now to get exposure to more hands, and maybe mix in some MTT grind to get in some work on my tournament game. This is very much a wild card goal and I don’t really have a clear cut plan or place for it. It’s just full steam ahead.
4) Here’s a bit more of a reach goal. I want to get my bank roll up around $8,000 by the end of the year and have 4-6 months of bills set aside by the end of the year. Just grinding only at 1/2NL for the rest of the year this should be achievable. Factor in trying to jump up to 2/5NL and tossing in some MTTs it could be a tad more challenging. I think this is still a realistic mark to hit even with all of the other goals on the list. Plus there is the off chance that I run up my online poker roll enough to help out with this goal.
For now that’s my list. I am going to add one last item more just to mention it. I have some friends that have been living in the Los Angeles area now for close to 7 year and have been trying to get me to come out and visit with the intention of moving out there sometime in the future. I need to build up my bankroll enough to be playing 2/5NL in order to stay out in LA for any long duration of time, plus moving out west would mean an increase in all of my expenses as well as completely uprooting me from all the connections I’ve made in New England. I don’t know when, if ever, I will move out there. I would like to get at least one trip out there for a few weeks before the year is out. My friends live about 45mins from the Commerce Casino so I could put some hours in out there.
All in all, a lot is up in the air for me but since I’m not yet 25 I don’t think that’s abnormal. I don’t pretend to know what’s going to happen over the next year let alone 5 or 6 years down the line. All I know is I want to play poker and earn a living off of it. For now that’s enough of a goal to keep me busy.