Tomahawk's Poker Challenge: $50 to a house! 3.13% complete

[tomahawk1984]

With some fairly important university exams just around the corner I thought this would be the best time to start playing poker again. I've deposited $50 into my new Pacific Poker account that with an instant bonus of $3 just for signing up and then another bonus for depositing and then after loosing a tiny amount playing $0.01/0.02 cash leaves me with $64.64 to play with. The plan is to play the $2.50 6 man stg's where the top 3 get paid. Basic strategy will be to sit tight for the early part, only making moves on the blinds if they seem passive and obviously when I have bug hands. After 2 people have been knocked out I'll try and take advantage of people being afriad to finish 4th. With this very basic strategy I think I can move up to $5 pretty quickly and then see how it goes from there. I have no plan to withdraw any money at the minute and I imagine I'll move up if I get to $100. So that it, first game is on now so wish me luck :hope Cash Rules I have had a think about some basic rules to my bankroll management. These are subject to change as the levels increase, I will try and outline my thoughts below. 1. The minimum about of roll to move up level is 30 buyins. So if I want to play €0.10/0.20 I need €600. Some articles I have read say 20 is ok but I think a bit of an extra cushion is needed. After €0.5/1 I may up the minimum to about 50 buyins. 2. I will move down level if I drop to 20 buyins. If I do the increase minimum buyins to 50 for the higher levels then I will move back down if I drop to 35 buyins. 3. If I lose 2 buyins in a session for what ever reason then I will stop the session. This will stop me kidding myself that I am running unlucky and playing well and therefore losing more. I hope it will also minimise the chance of tilt. 4. Sessions will be not more than 90 minutes and there will be a good break between any sessions on the same day. 5. At the end of each month hopefully I will be in profit and I will take out a percentage of that profit each month based on the following criteria: i) No profit; take nothing out ii) Profit of 0-5 buyins; take nothing out iii) Profit of 5-10 buyins; take 20% iv) Profit of 10-20 buyins; take 30% v) Profit of 20+ buyins; take 50% Example If I win $300 at $10NL then First $50 take nothing $50-$100 take 20%, in this case $10 $100-$200 take 30% in this case $30 $200+ take 50% in this case $50 This means that I would take $90 from my $300 and the $210 left over would stay in my bankroll.

[GaF]

Re: Tomahawk's Poker Challenge Good luck tomahawk :ok :hope I am a little confused though - if you've got important exams coming up - shouldnt starting a poker challenge be the last thing you should be doing :unsure