Archive for the ‘bankroll’ Category

get… that… dirt off your shoulders

dirt-off.jpg

This blog has been left for dead for quite some time.

After the passage of UIGEA, many of my favorite ewallets and poker sites closed their doors to U.S. players. In fact, most of my bankroll was left suspended in limbo on BetOnBet, a Prima site. With no way to make a withdrawal, I was reduced to playing real money poker, in effect, just for fun. I played with more abandon and less enthusiasm and eventually went busto.

I began to question the point of all my hours online and my study of the game suffered. Also, I probably didn’t want to keep posting losing stats on this blog. So splashing the pot was left to die a quiet, unceremonious death.

Now I return for a couple of reasons. For starters, this blog originally grew out of my love for both writing and poker, in that order. If nothing else, this site makes for a great writing excercise. And I do still enjoy playing poker, although I continue to struggle with balance. And it is still painfully obvious to me that I have immense room in which to grow with both poker and writing. So why not do it in a public forum?

Recently, I was reminded that this is quite the public forum. Actually there’s a great commercial I saw the other day that warns the viewer that anybody can see what you post online. I found this out to be true in my own life. So I continue to post with that in mind.

I don’t know where I’m going with this blog quite yet. But that’s much like a poker hand when you don’t have the nuts–sometimes you just have to feel your way through it and, if the odds are with you, take a shot at the pot.

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you are such a loser

I learned a very big lesson for the rest of my life as well. The lesson was, winning is great, sure, but if you are really going to do something in life the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday. But if losing destroys you, it’s all over. You’ll never be able to put it all back together again.

— from Wilma, the autobiography of Wilma Rudolph, the first American woman to win three gold medals

There will be few statistics today. No posting of hand histories. No hotbed of internet links (well, maybe one or two). Suffice it to say that I have been losing lately. And losing big. The last time I posted, my bankroll was over $300. Now it stands just shy of 200 dollars. (And that is counting the hundred dollar plus rakeback payment I received from BetOnBet.) Yeah, I have been running bad lately. And worse than that, I have been playing badly.

I came across the above passage tonight while I was reading a bedtime story to my son. I was reading from Listen Children, An Anthology of Black Literature. Although I was pretty well aware of the fact already, reading those words drove home the reality that I am not a good loser. Not just with poker, but with many things. Poker just sometimes brings out the worst of it.

The thing is, I had to know this was coming. From my study of the game so far, I knew that I was running abnormally well. Anywhere from 2-9BB/100 is commonly accepted as a sustainable winrate. For most of the month of December I was running around 20BB/100. That’s the positive side of variance. Yeah, I had a bad session or two during that time, but I always managed to recover. Most times, the same day. As a result, I was unflappable.

This time is something different. I haven’t shown a profit for any of 2007 so far. Okay, yeah, I know what you’re thinking… 2007 is only two weeks old. Well… yeah! But still, it feels more like two months to me. And I’m trying not to panic.

I found an excruciatingly appropriate post on The 2+2 Forums. I have been referring to it regularly. And, in an attempt to fight off my natural inclination toward obsessive-compulsive playing (Is 14 straight hours of poker extreme?), I’m exploring other interests. This Friday I plan to go to a little jazz club in Atlanta with a college buddy. I haven’t done anything like that in a while. Poker was supposed to finance the outing, but now I’m not so sure.

Also, I did take a look at my Poker Office stats. Not surprisingly, I noticed that it looked like I was playing way too many hands from early and middle position. That caused me to leak a lot of cash. I could probably pay more attention to the game, too. Trying to watch the latest episode of The Office, check my email, keep up with Yorkshire Pudding’s blog, AND multi-table isn’t the best strategy for winning poker. So from now on, I’ll just be listening to Jimmy Smith or an audio book of Beowulf (I must stay cultured somehow!).

Maybe I’m coming out of my slump. Today, I only lost $10. That’s an improvement. I think I may just be okay… if I don’t go busto first.

mommie, it burns!

Thursday I took the day off from work and played poker. I made over a $100. Yesterday I left work early and since then dropped about $195. Here are my official stats…

1995 hands, 26.5 hours, -$194.97 won, -19.92 BB/100, total bankroll $161.88 (after $200 withdrawal today)

I’m sure my losses would not have been so severe if I had established and followed some reasonable bankroll management guidelines.

I really like the idea of not risking more than 10% of your bankroll on any given day. It’s a great ideal to strive for. But I also know that I’m the type of person who likes to take risks. So I’ll have to grow in that area.

I pretty much went on tilt yesterday (and I’m probably still emotional now). I had built up some pretty unrealistic expectations about my poker prowess and ability to make money. I had an entire dance company of dreams and fantasies prancing around in my head. Thoughts of things I would buy and trips I would take with my new and increasingly bigger winnings. And I got mad when I started losing and couldn’t stop.

Then yorkshirepuddings found me. And we played a few hands together. That’s when my ego really reared its ugly head. The brief history between us is that we’ve been reading each other’s blogs and I thought I was giving him helpful advice to improve his game and overall online poker experience. So, of course, when he sat down at my table I wanted to show him firsthand what a poker phenom I am. I did okay but, when he bluffed me on a hand using the knowledge of my game he got from reading this blog, I was incensed. The thing that bothered me so much was that he showed his bluff. The question in my head was, Why not be a decent bloke (that’s how you English guys talk, right?) and let me think I made a good laydown? Like I told him, I thought we were being friendly. I think anyone advertises a bluff for one of two reasons: 1) To show off and possibly piss the other opponent(s) off, or 2) To set the other players up to call a future bet when you really have the goods. I mean, Jesus, I’m trying to help you and you want to screw with me like that? Well, you don’t have to worry about me giving anymore unsolicited advice.

Am I blowing this out of proportion? Probably, right?

Anyway, after that incident I played a little longer, lost some more money and finally got too tired to hold my head up any longer and stumbled off to bed, where I fell into it like a black abyss.

This morning I woke up, somewhat refreshed, and got back into the fray. I continued to lose until I finally decided to move to the beginner’s pot limit tables on Prima. I played the .05/.10 level and actually showed a small profit. While I was playing I came across a badass article that just blew me away. It’s ostensibly about bankroll management at low limits for the beginning player, but it’s really about how to approach the game when you are new. It just really helped me to see that my expectations are incredibly out of whack.

When I look at my total stats (15k hands, 9.9 BB/100) since I started tracking them in late November, my winrate is pretty high. Ed Miller says, “It takes months and years of study, play, and self-examination to get to the point where you’ll consistently win at a rate near 3BB/100.” I guess the key word there is “consistently.” Right now I’m just running good. Frankly it’s stupid to get upset over one or two losing days. There are pros who have bad weeks, months, or even years. My focus should be on learning the game and having fun. It’s just that the idea of making money is so seductive and I’ve come across various posts and websites that brag about how this person or that person went pro in six months or a year.

The truth is, when I’m not worried about money, I do enjoy the game so much more. Yesterday when I sat down before the computer, I had it in my mind that I was going to make money to replace the money I would have made at work. That idea set an unpleasant tone. Playing poker was no longer a game. It was work. From there, things just went downhill.

So, I don’t know. I still have a long way to go in this thing. I guess I don’t have all the answers. But I know one thing… any of you reading this, don’t you ever bluff me and show!

ride it ’til the wheels fall off

Man, I’m tired. This will be a short (hopefully), simple post. First of all, my run continues.

Since my last post, here are my stats…

1136 total hands, 14 hours (7 hours on two tables), $221.75 won, 61.77 BB/100. My total bankroll is at $573.

This thing is crazy. I’m feeling good but reminding myself not to get cocky. I’ve read enough books, blog and forum posts to know that variance, or an up and down cycle, is to be expected. And I also know that a 61 BB/100 winrate is not usually sustainable (more like 7 to 10). But right now I’m just gonna ride this upswing for as long as possible.

Actually I moved up a level yesterday and I was a little apprehensive. This was really the first time I did it in the manner that many online poker experts and pros suggest. With the proper bankroll.

General consensus is that a winning player should keep at least 20 buyins for each limit he’s playing. Excluding poor beginner play, bad bankroll management is the biggest reason that new players go bust. Do yourself a favor and only play in games you can afford. — MicroNL Temporary FAQ, The 2+2 Forums

So, when I had over $400 I moved up. I remember reading something somewhere that said you should just keep doing the things that worked for you on the previous level when you make your move. So, that’s exactly what I did. I am a very aggressive player, but fairly tight as well. Actually, I just recently (over the last couple of weeks) tightened up my starting hands, and it has made a big difference in my profit margins. I never open limp. And with anything decent in late position (66+, KQs+, AJ+), I will put in a second raise, depending on the table. I’ve been doing these things as I grow more confident in my postflop play. I’m getting much better at dumping hands that are probable losers.

So I’ve been pretty much just eating up chips like Pringles. One thing I can say, though, winning poker does definitely have an inescapable element of boredom to it. Especially at these microlimits. In the past, as I surfed various poker sites, I have come across comments from successful poker players regarding how they eventually just got sick of poker. This always puzzled me.

These comments were coming from people who had supposedly made thousands and hundreds of thousands of dollars from playing poker. How do you get sick of making money for playing a game? While I am far from getting sick of poker, I can understand the disciplined grind it requires to win at cash games. It’s really pretty simple to win at microlimits. It’s mainly just a matter of discipline. And that’s where the grind comes in.

When I was losing consistently, now that was exciting. I would go on extreme tilt and push my entire stack in with 72. And sometimes I would win! That is real entertainment. I was truly gambling, and it’s no rush like that. Putting all your money on the line with only a hope and a prayer. On the other hand, there’s really nothing exciting about sitting in front of the computer for hours at a time, weighing each hand, thinking about expected value, position, another player’s VP$IP percentage, etc. “I bet the flop here, if he reraises I autofold… 1,2,3…1,2,3…”

I’m oversimplifying (a little), but at micro-limits, it’s not too much more complicated than that. And I think that is what some losing players don’t get. Without fail, everytime I sit down to a table online, I hear one player giving another player holy hell about one specific play. And usually the playing giving the lecture is the “good” player berating the “fish.” But a truly good player understands that over time, grinding it day in and day out, thoughtful, disciplined play will be profitable. I don’t need to do anything fancy. And if I’m losing over time, say months and years, maybe, just maybe I need to take a look at my own game.

But speaking of profits, in my last post I mentioned something about waiting until my bankroll reached $2100 to make another withdrawal. Now I’m admitting that that idea is pretty much totally unrealistic. I’ve decided that I’m gonna stay at my current level for a while (maybe 20,000 hands), take my time and enjoy some fruits of my labor. The first thing I hope to do is buy myself another mobile phone. I want to be able to leave in $450-$550 when I pull out the two bills I need for the phone. So I need to work up to at least $650. This bankroll management will be one of my greatest challenges.

I’ll keep you posted.

tryin’ to catch me chattin’ dirty

Here’s an update on my stats since I last posted. This is for the period of December 1st through December 10th

$0.05-$0.10 NL, 3131 Hands, 43 hours, $94.61 won, 15.11 BB/100

I really feel like I’m getting into a rhythm now, especially while playing within my bankroll. Yesterday was a perfect example. I played a total of five plus hours. When I first started I suffered a few bad beats and I made some bad plays. I initially lost about two buy-ins or $20, but I started with a bankroll of $120. Because I was properly bankrolled I amazingly didn’t get emotionally upset. In fact, I was able to humble myself enough to leave a few tables at which it was clear that I was being consistently outplayed.

I eventually found the right tables and the right cards and ended the day with a profit of $57 (37 BB/100). It was nice to watch myself go through a little adversity, stay calm and play through it. It was kinda funny because I started verbally coaching myself, saying things like, “Don’t play that hand out of position…Be patient…Don’t get cocky…Okay, yeah, you’re doing good.” I am definitely seeing growth in my play.

Currently my bankroll is at $176 on Prima. I set a goal for myself to not make another withdrawal until I reach $2100. Then I will allow myself to withdraw $100. This will be a challenge because $2000 is a lot of money to me but I truly want to be able to play at a level where I can win a hundred dollars or so a session without too much trouble. I’ll keep you posted on my progress with this.

One more thing. There is one thing that happened last night that got me slightly pissed. Prima suspended my chat for mentioning a web site. Usually I am savvy enough to get around the censors by using spaces (for example, anysite . com). However, I really thought the content I mentioned was innocuous enough (I told someone about a poker blog). The next thing I know, a message flashes across my screen that my chat had been suspended. I immediately went to live support at BetOnBet, my current Prima site. I explained the situation to the support guy. After a few minutes he responded that he had “pleaded with Prima to restore my chat” and that I should have it back in a few hours. (I just checked and I can indeed chat once again) I was pissed that I had lost my chat but I liked that BetOnBet support had “pleaded” on my behalf.

warning! danger, will robinson!

It’s almost one in the morning. My body is full of nervous energy. It’s funny how a day can start out one way and end on a totally different note. I’ve been playing poker for over 12 hours, with a few breaks in between.I was pretty close to going on tilt earlier in the day. No, let me stop lying, I did go on tilt. Thankfully it was mostly within the realm of tournaments, where you can only lose your buy-in, and two of the tourneys I played were freerolls. So even then, not much to worry about. According to my poker diary, I played 14 separate poker sessions today. Seven of those were tourneys, and the rest were cash games.

By the time I got to the freerolls I was on a losing streak. I had won one $5.50 SNG on UB but had lost all my profit in another SNG and cash game session. I was really irritated with myself because I was vaguely aware that I was probably at my stop loss point, which is around $10, or a fifth of my bankroll. This feeling was exacerbated by the fact that I was playing $.05/$.10 NL, which is really higher than what I’m supposed to be doing. I did have enough presence of mind to drop back down to $.01/$.02 NL after I was down $10.

I got upset over the freerolls because my odds of getting to the money, some meaningful money for me, were greatly increased by the nature of the tourneys. Both freerolls were for PokerSavvy members only, so the field was significantly reduced. The first one was a $1000 event on the Mansion site. The winner would get $275 and there were only 270 players total. That sure beats those $50 tourneys where you’re in a field of 3000 or more. I finished in 130th place.

The second event was sweeter still. You won’t believe this. This was a $250 freeroll on Pacific Poker. Only 32 players this time!! Winner gets around $100. I’m already counting my money. Are you with me on this? I end up busting out in 31st place. I raise 4xBB preflop with KK. One other caller. The flop comes Q9x. I bet the pot. He reraises me. I put him squarely on AQ, I don’t know why now. So I reraise. He reraises again and I push. Of course, he has Q9 and I’m outta there faster than I can say, F#@$ me!

So after that, I take a little break, which helps me big time. I discuss the finer points of potty training with my wife and watch my son model his new Spiderman big boy briefs. This helps to put everything into perspective.

Around eight o’clock I get back on UB. I lose another $5.50 SNG. Even though I’m already past my stop loss thingamajing, I tell myself I can spend another five bucks. [Damn, this feeling is strangely reminiscent of when I went on my $3000 spiral.] So I get into a cash game, the $10 table again, and right away I lose my $5 buy-in. Okay, just one more time, I tell myself. By this time I’ve built up a little rapport with some other players. I’m venting about how this day has sucked beyond all other days. How UB is the toughest, tightest site ever. And I’m getting a couple of “amen, brother”s. So I start feeling a little better.

And while I’m playing I start surfing the net for poker strategy. I end up at the Pocket Five’s site. There is something about reading strategy and realizing that there is something I CAN CHANGE about my play that is comforting. I guess it gives me hope and helps me calm down.

So me and my new buddy from the cash game decide to play a $1.10 6 max SNG. I can’t explain it, but it was like I just all of a sudden got better. I started winning at the SNG AND at the same time, I started winning at the cash table, too. By the time I finished the SNG in second place, I was up like $10 in the cash game. Then I played another hour and a half or so, and made another ten bucks.

Thinking about what I did differently, this is what I came up with… I personally think UltimateBet is a different kind of site. The players don’t suck as bad as some of the other mainstream sites. Or, at least, they are not as wild and loose. In fact, the UB micro-limit tables are the tightest I’ve run into. I was used to doubling or tripling up with my premium hands on other sites. I could raise big preflop and get called. On UB, most times I raised four or five times the big blind everybody folded. Eventually I just got frustrated, started playing more hands, still raising big, and someone would just call me with AA or KK. Or I would call a big raise and be dominated.

I realized that I had to switch gears. I went back to playing fairly tight but went into what I call “Gavin Smith” mode. I heard him say in one interview that he likes to play small pot poker and he likes to play after the flop. That’s what I started doing. I started raising only two or three times the BB, and mainly from good position. I got more callers, but they were still scary. I consistently put in a continuation bet on the flop, and I won probably 70% of my hands at that point. I almost totally stopped flat calling. I either raised or folded. My results were amazing. And I went to showdown with really strong hands enough times (two pair or better) to maintain a good table image. I didn’t get crazy, I just played good solid, positionally aware poker.

So, now, I’m up overall, 23 dollars, for a total bankroll of $73. I’m making progress. But I gotta watch those emotional swings, man. Those can be fatal to a bankroll.

supersize me

It’s 8 o’clock in the morning and I’m tired. Last night I was too tired to play any poker after I had made dinner, bathed my young son and put him to bed. I tried but when I signed on to UltimateBet and sat in at a table, sleep came down on me like a sudden downpour in the summertime. There was no refusing. No escape.

Still I was determined to get my playing time. My son woke around 1 a.m. I changed his diaper and got him back to sleep. Then I was able to rouse myself enough to try some cards again. I knew that I was still drowsy so I wanted something that was going to me worth my time and with enough action to get me awake. Even though it was totally outside of my plan to play well within my bankroll, which is around $50 now, I decided to try a couple of $.05/$.10 six-max tables. But instead of buying in for $10, I bought in for $5 at each table. I did okay. I ended up making about eight bucks.

The strategy I used was pretty simple. See I normally get in trouble at short-handed tables because I play more hands and often get caught with my pants down. This time I played more tightly but very aggressive. I played big hands as normal—AA, KK, QQ, AK. These were the hands with which I would raise, reraise, and call big raises. All the other pocket pairs went up in value. I played suited connectors more reluctantly. More often only in late position, and with at least two other callers. I also played Ax, Kx, and Qx suited more, but also with cautious aggression. For example I might open raise with Q8 suited from the button, continuation bet on the flop (about a third or half of the pot), and then just check it down if I got called and I missed making a big hand.

I found myself laying down many borderline hands, like top pair weak kicker and middle pair. I also made some big calls. A couple of times, another player would go all in and I made the call believing my hand was good. And it did indeed turn out to be.

Now, that my game is improving every so slightly, I can see that one of my biggest leaks was that I used to chase way too much. I used to bet big on draws and if I missed the flop completely I would stay in the hand anyway. Now I just get outta there instead of trying to buy the pot. At these micro-limits, I think that it’s highly unlikely that you can raise someone out of the pot. People will call you down with garbage and sometimes suck out on the river. Using the check down technique has saved me big money (in a manner of speaking).

I think I will keep flirting with the $10 NL 6-max game, using the half buy-in gambit. I’ll just see how I do. I don’t want to devastate my bankroll in one session. I just have a big problem being patient playing those $2 tables. I mean, if I play for an hour, only to make a dollar profit… that just pisses me off. Honestly. I feel like I should at least be able to buy a McDonald’s combo with my winnings if I do well at any given poker session. I mean, damn, can a brother get a sandwich with his payout?!

you wanna bet?

There’s so much I want to write about but I don’t have much patience because I’m revved up to go get to the tables. I finally received my cashout from PokerKnights yesterday. I was all set to go get started at UltimateBet. I got my $50 and I’m following the advice of titans01 about how to build a bankroll. So the first thing I did was open a real money account with UB by going through Rakebrain.com. Now I’m set up to get about 28% rakeback when I play UB.

Well, I’m happy to report that on the first day of my “$50 Bankroll Challenge” I made a profit. It took me a minute to get used to the UB interface, you know, the usual things… getting familiar with all the controls, how to check, bet and fold; how to view hand history, etc. One of the things I absolutely love about UB’s software is their mini-view feature. You have the ability to switch from the regular, full-sized view of a card room to a compact, rectangular window. It’s much more functional than just shrinking down the window. I can fit three of these windows on my computer screen nicely. And that fits my playing style and current ability perfectly because three tables at once is about all I can handle.

Taking titans01’s advice, I am playing well within my bankroll. I’m sticking to the $2 NL tables ($.01/$.02). (Also, I think for me, at this level, a stop loss of five buy-ins is good. So this means if I lose $10 during a session I have to stop for the night or take a lengthy break.) I noticed that I was much more relaxed. I didn’t get upset if I lost a big pot or caught a bad beat. So there is something to this “psychology of poker” crap.

After I felt comfortable with the UB interface I opened up three tables and just tried to play patiently. I had also checked out the free poker videos titans01 suggested (jeez, enough about titans01 already!). In the video I watched another online player, iStrong, do his thing on the $25NL tables. The main thing he stressed was to keep your play simple and straightforward. Don’t do anything fancy. Play tight-aggressive, don’t give good pot odds to drawing hands, and get your chips in when you have good cards. It’s really simple actually. I think I had been making it way too complicated.

So I basically tried this straightforward strategy. I noticed that it took me about 15 minutes or so to find a groove each time I started a session. But once I got going, I did nicely. It’s kinda like hitting your rhythm when you’re out running or playing basketball. The other thing I did was I started describing my actions out loud like I was making a video for others. I know it sounds silly but doing this made me really think about what I was doing and why.

My net profit for the day was $6.86. And this includes the $2.20 deducted from playing two sit & gos in which I didn’t cash.

I can see now that this is gonna be a long haul requiring heaping amounts of patience and discipline.

Thanks for reading, and I’ll keep you posted.

trying to make a dollar out of 15 cents

This past week has been a wild ride. Not soon after I had my poker epiphany and was confident I had improved my play a thousand fold, I took a couple of bad beats, went on a full tilt boogie and cannibalized my bankroll. So by last Thursday I was pretty much broke. That’s the bad news.

The good news is that the situation caused me to get creative. Until my blowout, I had pretty much focused on small stakes cash games. I would throw in the occasional one or two table $11 SNG for good measure. When I ran out of money I started looking at freerolls. One good source for information on these $0 buy-in events is freeroll.net. I found out that there is almost always a freeroll starting up somewhere.

Over the last week I’ve probably played in about 10 or 15 and I cashed in two events. I won a $50 freeroll over at PokerKnights.com, which is a part of the brand-spanking new HyperGlobalMedia, Inc. network. That netted me $13.50. Since then I have built that up to over $80 playing the $10 NL and $25 NL cash tables there. (Mini review: This site is new and is still building its traffic but during peak hours you can usually find a few micro-limit games, which are incredibly soft. PokerKnights is offering a 100% bonus on your first deposit up to $500 AND 30% INSTANT rakeback directly into your player account. This is a great deal! The software is decent but they are still working out a few quirks. I wholeheartedly recommend the site, though. Cashouts to my Neteller account took about 24 hours.)

I also finished 5th or 6th in a PKR.com freeroll, winning $7. However, I can’t use the money. I had trouble buying in at a cash game after the tournament and when I called support, I was told that U.S. citizens were not allowed to participate in real money play at the current time. The company, which I believe is based in the United Kingdom and is licensed in the States of Alderney (a British crown dependency, according to Wikipedia), is concerned about recent U.S. legal rumblings over online gambling. The customer support guy told me that I could request a check or wait a few weeks when he believes real money accounts would open up to Americans. Right now I’m just waiting. I don’t know if trying to cash a seven dollar check is worth the trouble.

But if you want to get some kicks, check out their software. To prepare yourself, just imagine if you were playing poker on Xbox or Sony PlayStation 2. It’s that intense. But the first time you run the program you might want to go make yourself a sandwich. Or two. It will take several minutes to install. Much longer than any other poker site I’ve used.

Also, I might mention that I found Professor77’s PokerNation site helpful in fine-tuning my NL tournament play. You can check out his tips here. His advice is geared towards getting you in the money without taking too many risks. I basically followed his chart by the numbers and I found some success with it. I believe my success rate will be even higher playing single table SNGs. I’ll keep you posted on that.

I can’t rave enough about PokerSavvy.com! I received my free iPod shuffle two days ago from them. The deals they offer are for real, folks. I paid zero, zip, nada for my little digital music baby. Not even shipping and handling. Yesterday I was browsing their shop section and I saw that I could’ve gotten $90 deposited in my Neteller account instead. I’ll have to do that next time. So, you ask, what did I do to deserve this wonderful treatment? Hell, what you think, man? Played poker, that’s all I talk about here. I just did the free signup with PokerSavvy, opened a new real money account with Mansion Poker, and played the required hands. PS has deals with about 20 different poker rooms. So I suggest before you open up another real account anywhere check with them AND BonusWhores.com and see who has the best deal. I found that with some sites you can get the same deal as BonusWhores plus the freebies with PokerSavvy. So just do your research my friends. I only wish I had known all this when I first started playing online poker.

The other thing I did when I went broke is that I took advantage of a couple of no deposit bonuses I found through BonusWhores. Each one was about $10. This was money I got just for signing up with Dream Poker, which is on the Prima network, and also Pitbull Poker. BW has all the details. I didn’t have any success building the funds up, though. I would have had a better chance if either site offered $2 NL tables. Their smallest NL games had $.05/$.10 blinds and I guess I just wasn’t up to the task at the time.

Whew! So I think I almost got you all up to speed. During my crash and burn incident I failed to keep daily records of my exact losses but I put the estimate at around $70 to $80. So when I consider my $80 of pure profit at PokerKnights, I am about where I started last Wednesday. Kinda funny, isn’t it? I think this is a good time to put a real plan in place to build a bankroll and start making some moves. The more I play poker, the more I realize that discipline and planning are big parts of any real, lasting success.

Starting tomorrow, when I anticipate seeing a $50 cashout to my Neteller account, I’m going to follow the plan of action suggested by titans01. On one of his recent posts he offers a path to building a bankroll up from 50 bucks. I’ll give it a whirl.

And as always, I’ll keep you posted.