Recap of My Goals for Summer And My Home Experience
It's good to reflect on the reasons why you're playing poker and the goals you've set for yourself. It helps you keep yourself in check from getting too cocky or too miserable from playing the game.
In the 2nd week of April, I put $500 online and decided that I'm good enough to be a winning player and instead of trying to make money from playing tournaments, I'm going to learn how to play cash games, especially limit hold'em. Including bonus money as well, in less than 60 hours I turned that money into $1912. I had to take 300 out though to buy an ipod shuffle - i lost mine D: and 200 more for spending money - parents don't give me an allowance.
I'm playing poker because I don't want to be someone's doggy. I was fortunate enough last year to have two really good bosses at my summer job @ petsmart but the work was hell. Wake up 5:30am, get there by 6am, work til 2:30pm, then see girlfriend or sleep. Then some days I worked from 2:3o-11pm followed by the next day at 6am. See how it can be hell? Mornings were something like, let dogs into play room at 6am and clean their crap up. Then feeding time at 7am. Around 8am or 9am we let the dogs into the playroom and sit there for like 2-3 hours. Repeat throughout day. Hahha, 1st day I went there, I couldn't breathe. It was AWFUL. 2nd day I went, I didn't notice the difference between fresh air and doggy air =(
I just don't want to go through that again. I was really miserable last semester. Juggling a job like that and a girlfriend is a spell for disaster. And for the record, I know there are some jobs worse than that, but what I'm trying to say is I want to be in control of my life, in a way the master of my own fate. I have several projects I want to accomplish. I want to be a great poker player so I do not have to worry about my financial status, I want to be a filmmaker when I'm out of college, I want to be hated by people for setting up shelters, and I want to raise a family without having to worry about being able to support them for whatever it may be: food, shelter, and education.
Will I teach my kids poker? For now I'm leaning towards yes. Do I want them to play poker for a living? I'd be pretty disappointed if that's what they wanted to do for the rest of their lives. I want them to learn manners, and discipline from the game, as well as logical thinking. Yes there's a chance they could get a gambling addiction but currently I'm thinking the benfits outweigh the risk. I don't want them to be absorbed with money and for that to be their only focus. I want to provide them with the support to be able to pursue their dreams but I also don't want them to be irrational in their thinking. Poker gives you such a great perspective at looking at life. I sometimes ask myself if what I am doing is +ev, if in the long run it will make me money or be worth it. When things go bad, I understand that things will improve later on and that this could just be a bad day for me. Some things are outside of my control and usually I'm in a mood where I can accept that - RATHER than do very counter-productive things like complaining and going on a tirade. They need to be in control of their emotions. There's just so much this game can teach them, as well as being a backup in case their careers go wrong. After all, supporting your family is the most important goal in my opinion.
My goal for this summer is to make $10,000 dollars from playing poker. That means by the end of August, I want to have at least an 11.5k Bankroll since I had 1.5k when I came home. So actually, I'll have to make a lot more than 10k this summer to make that since my parents don't give me an allowance D:
Haha, I also forgot to mention my situation. My parents HATE poker; they don't understand that it's possible to make money at it. I can't blame them too much as there was an incident w/me and poker last year. But my dad is stuck in stubborn mode: he keeps forgetting that poker is played against people instead of the casino. So yes, he keeps thinking that poker is against the house and that the house has an edge. That said, I cannot play 8 hours a day at home like I want to. My parents want me to get a job and if I'm home all day still making money...eyebrows will be raised. So what's my plan? To play live at the casino??? HELL NO. I like to play live from time to time but it's just not worth it. Online you see 4 tables at the same time, giving you the chance to win or lose more money at a time. Also, there's the issue of Rake. Rake is the cut the house takes from the pot. At Barona, if I were to play live, I'd either play 1/3 No Limit or 3/6 Limit - for those stakes, they take 4 dollars away! That's both blinds in no limit as well as Limit. Now think about it, every hand you play, 4 dollars is taken away. You could potentially be losing $100 dollars an hour (if you're in 25 hands and winning or tying them :p)
Online, for some sites I get bonus $$$ for playing a certain amt of hands and/or I get rakeback. Meaning I get about 27% of my rake back from the house! I've looked at my total stats and I've generated about $1.3k in rake - if I had rakeback on all of that I'd be getting $351 back.
So rather than playing live, I'm going to find a lan center. My friend offered to let me play at his house but I can only be there so many days in a row. Lan Centers i.e. Internet Cafe's charge something like $3-5 an hour. So I'll be paying $24-40 a day to play poker lol. This is really annoying to think about since I could be paying $200 a week to play cards but the profit i'll be making will be much more than what I pay at the lan centers.
I'm pretty confident I can do it. I was making $25 per hour during the 60 hours I played at college this past month - and that was at very low limits, 1/2 and 2/4. Granted I had bonuses helping me but I also made a large amount of profit without the bonuses. I don't look at bonuses as just profit, to me it's another way to jump up limits faster (assuming I'm beating the current limit) and a safety net incase I get hit hard. Most annoying thing is losing a few hundred dollars and having to work that back up - see my -$400 dollar post from awhile ago, that was sickening.
what am I going to do when I make my 10k? I'm definitely going to buy a lovesac for college :D
http://www.lovesac.com/ i want the BIG ONE!
---------------------------------------------------------------------------
I've been home for several days now, got back during the day on Wednesday. Poker has been going very well for me right now. Wednesday I made $290 online and yesterday, Thursday, I made another $172. I haven't been playing 8 hours a day yet, more like a few hours each day so far. I'm taking it pretty easy right now since I won't be home for very long, that and I haven't seen my doggy in months!!! I love my dog! I didn't play with her very much last year and I honestly, I really felt like she felt betrayed or some negative emotion like that because I'd always come home smelling like dog and then I give her much attention because I was either playing a game, sleeping, or outside. But now she gets all the attention she wants, rawrrr, i mean woof woof.
On Wednesday night, after the online session, I went over to the casino. From 9pm-12am I raped the 3/6 game and made $240. And this is when I did something stupid...instead of leaving when I was tired, I decided to stay and see if I was still on a rush. I slowly lost more money and by 6am, I was down $75. Yes, I had lost $315. I was really cold decked for the most part and combine that with sloppy play, ughhhhh. Then in the last 15 minutes I went on a rush, tripling up to 90$ with Pocket Kings - 2 others were in the pot, one had pocket aces and I hit my set. I then got pocket 10s 2x - 2nd time I got the set, and pocket Aces for the last one. I decided to hit the sack and cashed out a $50 profit.
Big mistake I kept making that night: I kept thinking "man i'm down $240! If I just left I'd have $240 in my pocket and I could be spending it on this and this and this, blah blah blah" It was only around 5am when I realized - it's only 40 big bets! I've been on much bigger swings than this before, tough it and play longterm idiot! And so I did.
I like the casino a lot! I always get tempted to play the other games but since spring, I haven't really been in too much of a mood to gamble. Craps is fun but I have no idea what the hell I'm doing when I play. So for summer, I'm pretty much only going to the casino if friends play or for big tournaments or when they have a fun special: like on Tuesday there's Two Chip Tuesday, make a full house 9's or better and they pull out an envelope from a basket - each envelope has $30 to $525 in it!!! I wanna winnnnnnnnnn =(
What would I do with the 525 if I won? I'd save half of it as discretionary income and the rest would go into my online account. Gotta get to that 10k goal !
take care~
Yours truly,
Michael Song
In the 2nd week of April, I put $500 online and decided that I'm good enough to be a winning player and instead of trying to make money from playing tournaments, I'm going to learn how to play cash games, especially limit hold'em. Including bonus money as well, in less than 60 hours I turned that money into $1912. I had to take 300 out though to buy an ipod shuffle - i lost mine D: and 200 more for spending money - parents don't give me an allowance.
I'm playing poker because I don't want to be someone's doggy. I was fortunate enough last year to have two really good bosses at my summer job @ petsmart but the work was hell. Wake up 5:30am, get there by 6am, work til 2:30pm, then see girlfriend or sleep. Then some days I worked from 2:3o-11pm followed by the next day at 6am. See how it can be hell? Mornings were something like, let dogs into play room at 6am and clean their crap up. Then feeding time at 7am. Around 8am or 9am we let the dogs into the playroom and sit there for like 2-3 hours. Repeat throughout day. Hahha, 1st day I went there, I couldn't breathe. It was AWFUL. 2nd day I went, I didn't notice the difference between fresh air and doggy air =(
I just don't want to go through that again. I was really miserable last semester. Juggling a job like that and a girlfriend is a spell for disaster. And for the record, I know there are some jobs worse than that, but what I'm trying to say is I want to be in control of my life, in a way the master of my own fate. I have several projects I want to accomplish. I want to be a great poker player so I do not have to worry about my financial status, I want to be a filmmaker when I'm out of college, I want to be hated by people for setting up shelters, and I want to raise a family without having to worry about being able to support them for whatever it may be: food, shelter, and education.
Will I teach my kids poker? For now I'm leaning towards yes. Do I want them to play poker for a living? I'd be pretty disappointed if that's what they wanted to do for the rest of their lives. I want them to learn manners, and discipline from the game, as well as logical thinking. Yes there's a chance they could get a gambling addiction but currently I'm thinking the benfits outweigh the risk. I don't want them to be absorbed with money and for that to be their only focus. I want to provide them with the support to be able to pursue their dreams but I also don't want them to be irrational in their thinking. Poker gives you such a great perspective at looking at life. I sometimes ask myself if what I am doing is +ev, if in the long run it will make me money or be worth it. When things go bad, I understand that things will improve later on and that this could just be a bad day for me. Some things are outside of my control and usually I'm in a mood where I can accept that - RATHER than do very counter-productive things like complaining and going on a tirade. They need to be in control of their emotions. There's just so much this game can teach them, as well as being a backup in case their careers go wrong. After all, supporting your family is the most important goal in my opinion.
My goal for this summer is to make $10,000 dollars from playing poker. That means by the end of August, I want to have at least an 11.5k Bankroll since I had 1.5k when I came home. So actually, I'll have to make a lot more than 10k this summer to make that since my parents don't give me an allowance D:
Haha, I also forgot to mention my situation. My parents HATE poker; they don't understand that it's possible to make money at it. I can't blame them too much as there was an incident w/me and poker last year. But my dad is stuck in stubborn mode: he keeps forgetting that poker is played against people instead of the casino. So yes, he keeps thinking that poker is against the house and that the house has an edge. That said, I cannot play 8 hours a day at home like I want to. My parents want me to get a job and if I'm home all day still making money...eyebrows will be raised. So what's my plan? To play live at the casino??? HELL NO. I like to play live from time to time but it's just not worth it. Online you see 4 tables at the same time, giving you the chance to win or lose more money at a time. Also, there's the issue of Rake. Rake is the cut the house takes from the pot. At Barona, if I were to play live, I'd either play 1/3 No Limit or 3/6 Limit - for those stakes, they take 4 dollars away! That's both blinds in no limit as well as Limit. Now think about it, every hand you play, 4 dollars is taken away. You could potentially be losing $100 dollars an hour (if you're in 25 hands and winning or tying them :p)
Online, for some sites I get bonus $$$ for playing a certain amt of hands and/or I get rakeback. Meaning I get about 27% of my rake back from the house! I've looked at my total stats and I've generated about $1.3k in rake - if I had rakeback on all of that I'd be getting $351 back.
So rather than playing live, I'm going to find a lan center. My friend offered to let me play at his house but I can only be there so many days in a row. Lan Centers i.e. Internet Cafe's charge something like $3-5 an hour. So I'll be paying $24-40 a day to play poker lol. This is really annoying to think about since I could be paying $200 a week to play cards but the profit i'll be making will be much more than what I pay at the lan centers.
I'm pretty confident I can do it. I was making $25 per hour during the 60 hours I played at college this past month - and that was at very low limits, 1/2 and 2/4. Granted I had bonuses helping me but I also made a large amount of profit without the bonuses. I don't look at bonuses as just profit, to me it's another way to jump up limits faster (assuming I'm beating the current limit) and a safety net incase I get hit hard. Most annoying thing is losing a few hundred dollars and having to work that back up - see my -$400 dollar post from awhile ago, that was sickening.
what am I going to do when I make my 10k? I'm definitely going to buy a lovesac for college :D
http://www.lovesac.com/ i want the BIG ONE!
---------------------------------------------------------------------------
I've been home for several days now, got back during the day on Wednesday. Poker has been going very well for me right now. Wednesday I made $290 online and yesterday, Thursday, I made another $172. I haven't been playing 8 hours a day yet, more like a few hours each day so far. I'm taking it pretty easy right now since I won't be home for very long, that and I haven't seen my doggy in months!!! I love my dog! I didn't play with her very much last year and I honestly, I really felt like she felt betrayed or some negative emotion like that because I'd always come home smelling like dog and then I give her much attention because I was either playing a game, sleeping, or outside. But now she gets all the attention she wants, rawrrr, i mean woof woof.
On Wednesday night, after the online session, I went over to the casino. From 9pm-12am I raped the 3/6 game and made $240. And this is when I did something stupid...instead of leaving when I was tired, I decided to stay and see if I was still on a rush. I slowly lost more money and by 6am, I was down $75. Yes, I had lost $315. I was really cold decked for the most part and combine that with sloppy play, ughhhhh. Then in the last 15 minutes I went on a rush, tripling up to 90$ with Pocket Kings - 2 others were in the pot, one had pocket aces and I hit my set. I then got pocket 10s 2x - 2nd time I got the set, and pocket Aces for the last one. I decided to hit the sack and cashed out a $50 profit.
Big mistake I kept making that night: I kept thinking "man i'm down $240! If I just left I'd have $240 in my pocket and I could be spending it on this and this and this, blah blah blah" It was only around 5am when I realized - it's only 40 big bets! I've been on much bigger swings than this before, tough it and play longterm idiot! And so I did.
I like the casino a lot! I always get tempted to play the other games but since spring, I haven't really been in too much of a mood to gamble. Craps is fun but I have no idea what the hell I'm doing when I play. So for summer, I'm pretty much only going to the casino if friends play or for big tournaments or when they have a fun special: like on Tuesday there's Two Chip Tuesday, make a full house 9's or better and they pull out an envelope from a basket - each envelope has $30 to $525 in it!!! I wanna winnnnnnnnnn =(
What would I do with the 525 if I won? I'd save half of it as discretionary income and the rest would go into my online account. Gotta get to that 10k goal !
take care~
Yours truly,
Michael Song
posted by Michael Song at
7:41 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home