Monday, January 07, 2008

2007 Poker Journey In Review

So, if you’re one of the very few who has been following my poker journey this year, here’s where we ended.

 

As a promise to my wife and proof that I’m not addicted to gambling, I made a pledge that I would start the year with $100.  If I lost it, I’m done with poker for the year.

 

So, on January 1, 2007 - $100

January 1, 2008 - $1,000

 

That’s right people, I turned one hundred dollars into one thousand.

 

I didn’t even think I would get this far.  Christmas was really draining on me because of my home-business.  I really didn’t have enough time to play.  My chance came when I went on vacation to my cabin with some friends.  I had the opportunity to play online.  When my wife went to bed on her birthday, I decided to enter a tournament and I came in second to win $330.  I also ran good in some SNG’s.  This is how I amassed my fortune.

 

So I cashed out $500 to pay for our Disneyland Annual Passes.  Now I’m back down to $500.

 

On top of all this, I placed 3rd in the SNG league on PokerXFactor.  No prize, but in December my return on investment for low limit SNG was 55%.

 

Some key factors to winning that I learned this year.

 

Patience and focus.  When I’m playing a tournament, I need to pay attention to what’s going on and take notes on players.  I was able to win many tournaments because I was able to exploit a player’s weaknesses, whether they played too tight or too loose.

 

Stop gambling.  Give up hands when you are beat.  Play the game straightforward.  And wait for actual playable hands.

 

Keep learning.  I can attribute my win to two sources.  www.PokerXFactor.com taught me my game.  I owe my entire strategy for SNG’s to them.  Thank you.

 

SNG-EGT – The key to winning an SNG is play tight, and when you’re short stacked, know when to shove and fold.  I’ve won many SNG’s when I’m down to 400 in chips and the blinds are 50/100.  Winning poker in knowing your position, properly valuing your hands and shoving at the right time.

 

So, it’s January 1, 2008, and I have a starting bankroll of $500.  Let’s see how far I can go this year.