Well it’s finally happened. I am winding down my company so I will be effectively a "poker pro" from March this year. I had threatened to do it last year before I set up my own company but my bankroll wasn't sufficient for me to be able to play in the big cash games and cope with the inevitable swings. It’s a risk I know but a calculated one. Although I did play alot of poker last year it was always my third priority behind my work and my social life.... now it can be my number one priority. My bankroll is probably half of what I’d like it to be but if I go skint I can just get back to the real world and get a job again.
It will be strange relying on poker as my sole source of income. At the moment it’s just an additional bonus if it goes well. I will have to adjust my poker strategy alot. Having unlimited time to play poker will have its pitfalls but I will be adjusting my poker strategy with so much time on my hands. At the moment I rarely play Heads Up and Single Table Tournaments online because they are slightly boring and when I do have the time to play I would rather enjoy my poker. However, I know I can make easy money playing in these games so will put aside a certain amount of time a day to do this.
I have kept to my New Year Poker resolution by not playing after I have been drinking online and have been really pleased with the way I have focused and played this month. I also realise that despite the fact I really enjoy the festival tournaments that if I am going to achieve the results that I hope for that I am going to have to rely on my cash game results both online and live and any festival results are a bonus. It’s pointless me earning $5000 in a month and then using it to have a shot at a $5000 buy in tournament with 200+ runners. I will pick and choose live tournaments carefully and try and qualify for the bigger events through satellites.
I have given plenty of thought to my aim in monetary terms for 2005. I have decided that my target for the year is to make $80000/£40000. This equates to roughly $6700/£3350 a month. It will work out slightly higher than that I am having a month’s holiday in Mexico in June after I win the WSOP ;-)
I am going to start writing a summary at the end of each month on my blog to help me focus plus how much I have made or lost online, in cash games live and at festivals. I am keeping meticulous records of every game I play at the moment.
Wish me luck!