World Blogger Championship of Online Poker

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Friday, May 29, 2009

Good News, Bad News

My online bankroll stands at $2.13. However, I've decided to make a serious attempt to qualify online for the World Series of Poker Main Event. Pokerstars has lots of interesting satellite opportunities, and the one I prefer is the Steps qualifier. There are 6 levels, or steps you can buy into, and move up if you place high or win, and if you make 3rd-6th place on most of them you get bumped down a level or replay the current level. The first week I tried this, I made it to level 6 (on a $7.50 buy-in) and played in a $2,000 game for a WSOP package. I played pretty well, but came in 6th hitting a flush but losing to a BB special full house (he had Q4.) Since then, I have not done as well, and I'm considering buying in for more or trying the quadruple shootout. I'm getting encouragement from my wife to press on!

The good news is that my live play has been very good lately. I've profited $933 since April 16 in 4 buy-ins. Three home games, and tonight at Argosy. I had to widen the column on my spreadsheet to accommodate the 4 digit profit margin on my running total. In 49 sessions of live poker since April 2006, I've profited $1,134. This includes all tournaments and cash games at both the casinos and home games. My confidence in live poker, especially cash games, is very high right now. My summer job is promising a lot fewer hours this year, so I plan to get to the boat once or twice per week until I decide it's not a good idea. I think I stand to make a lot of money this summer at the boat.

My online bankroll experiment is not going very well, but the whole point of it was to improve my overall play while not losing money online. To that extent it has worked out well. I credit most of my cash game success to Dan Harrington's books on Cash Games. They made a huge difference in my play.