Saturday, May 20, 2006

My Poker Income

"Whoever is happy will make others happy too. He who has courage and faith will never perish in misery." -Anne Frank

Ok so the title is a little misleading. I don't really have a poker income but I do have a goal of creating a fun part time income out of my poker play. I started with about $100 at my favorite online casino. I got down to about $13 and decided I needed to be serious about this game. So I moved from the $1/$2 limit table to a $.10/$.20 limit table. Since then I have been doing much better. Now I have been playing poker online for about 3 years often just losing money. I have been reading some books on poker trying to learn the best strategy for the game just like I have with most casino games that I play. However, poker is a lot different there is not set way to play poker all the time. You are not just playing against the math, you opponent is one who is logical and capable of changing his play just as you are. The good news is since you are not just playing against the mathematical calculation that says in the long run you always lose, you can be a long term winner in the game of poker.

All in all I see poker as a fun hobby that can be profitable at the same time. I don't expect to win the World Poker Tour or nothing but I look to win money playing poker in my spare time and around my business. I will continue to play at the $.10/$.20 level until my bankroll reaches $150 then I will move up to the $.25/$.50 limit tables. Everything I read says that you should have a bankroll that is 300 times larger than the BB at the table. BB standing for Big Bet so $150 would be 300 times the Big Bet at a $.25/$.50 table. Currently my bankroll is at $43.00 but I will keep you posted on my poker exploits.

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