$300 a day plan
 

i have been playing 10/20 holdem online now for a little over 1 year now. here are some of my numbers over this past year:
-i average approx 25 hrs of play per month
-i average a win of approx 1,200 per month
-i make approx $45 per hour playing 10/20 (1 table usually)
-i win about 61% of my sessions, meaning i will win 6 out of every 10 times i sit down and play
now i have a plan to sit down with 300 bucks every time at a 10/20 table and if i win OR lose 300 bucks i get up and i'm done for the day. with this plan, if i can play everyday and if i can win 2/3rds (66%) of my sessions, i can make approx 3k every month.
does this plan sound possible? does anyone else here have a plan similiar to this? comments questions are appreciated...

Re: $300 a day plan
 

In the long run, the amount you make is going to depend entirely on the # of hands you play. So your plan is not going to affect your winrate at all.

Re: $300 a day plan
 

Capping your wins is BAD. If you've got a table filled with 80/0/1's, are you REALLY gonna stop after winning/losing 15 BB's?

Play until you have something else to do or are tilting.

Re: $300 a day plan
 

Playing more hands means making more money. However you structure this out is insignifigant unless you get dumb after winning or losing 15BB.

Re: $300 a day plan
 

Instead of capping your wins and losses, play more tables

Re: $300 a day plan
 

by my calculations you've played 30k hands in one year. That is a drop in the bucket. You may not even be a winning player at 10/20. What is your contingency if you start losing a lot at 10/20? Are you prepped to move down in limit?

Re: $300 a day plan
 

this plan sounds horrible. you want to maximize the hands you play against bad players.

Re: $300 a day plan
 

your sample-size is quite small.



By your plan, you might play 15 minutes on one day and then play 5 hours the next day.
Why would you want to do this?

Re: $300 a day plan
 

[ QUOTE ]
In the long run, the amount you make is going to depend entirely on the # of hands you play. So your plan is not going to affect your winrate at all.

[/ QUOTE ]

And how you play them. It's not just the # of hands you play.

b

Re: $300 a day plan
 

[ QUOTE ]

-i win about 61% of my sessions, meaning i will win 6 out of every 10 times i sit down and play

[/ QUOTE ]

Thank you for breaking it down for the rest of us.

Re: $300 a day plan
 

[ QUOTE ]
i win about 61% of my sessions, meaning i will win 6 out of every 10 times i sit down and play

[/ QUOTE ]

Pokerb:

I don't get it.

Thanks for explaining,

Cancuk

Re: $300 a day plan
 

[ QUOTE ]

-i win about 61% of my sessions, meaning i will win 6 out of every 10 times i sit down and play


[/ QUOTE ]

How many times do you win when you don't sit down and play? Please post this in percentage and fractions to avoid confusion.

Thanks

Re: $300 a day plan
 

Your plan demonstrates a serious lack of knowledge of how a winning poker player makes money. I'm sure I'm not the only one who will tell you this, I just don;t have time to read the replies now. Long story short, if you get to an easy table, play as long as you're not tired, tilting, or have other obligations.

Matt

PS your sample size after a year of one tabling is probably way too small too even gauge if you're a winner in that game.

Re: $300 a day plan
 

[ QUOTE ]
i win about 61% of my sessions

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what does this mean?

[ QUOTE ]
meaning i will win 6 out of every 10 times i sit down and play

[/ QUOTE ]

oh, OK, thanks

Re: $300 a day plan
 

[ QUOTE ]
i-i win about 61% of my sessions, meaning i will win 6 out of every 10 times i sit down and play

[/ QUOTE ]

You need to learn to convert winning sessions better. I, too, win about 61% of my sessions, but I win about 8 out of every 10 times I sit down and play.

Re: $300 a day plan
 

sounds like a great plan. quit your job immediatley.

Re: $300 a day plan
 

You're picking up a lot of sarcasm here, but there's nothing really wrong with this plan if that's what you feel like doing. I just have two suggestions:

1. Play two tables. It's really not any harder than one, will probably increase your winrate, and gets practice if you ever want to become a multi-table junkie.

2. Sit with $500, and quit the moment you drop below $200, or if you increase above $1000. That is a $300 loss or a $500 win. This means you won't be shortstacking yourself which is probably to your advantage, and you will be 'pushing' to make more when you are winning, which is usually a good plan.

Incidently, your math to determine your 'winrate' sucks. Start calculating an winrate, and variance, in BB/100 by using some poker software or even just a pencil and hourly notes.

Re: $300 a day plan
 

The problem is on days when your grinding it out and breaking even you will be playing for hours on end trying to win or lose $300 and you will get impatient or tired and the quality of your play will suffer.