The festivities of Christmas are over and the poker profits for December got to be reasonably fat. In fact at one point they went over the $1000 dollar mark, unfortunately they were pegged back again to $886.09 (however another new personal best since keeping records to round off 2007 quite nicely).
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In summary I am quite pleased with my progress throughout 2007, especially as during the second half of the year I made a profit in every month since June. This was quite a way to come since up until then I couldn't fathom how people made money at this game.
I have though highlighted a couple of weaknesses on reflection :
1. I have a tendency to drop back down the levels too quickly. I will venture up to the higher limit, take a beat and then drop back down to my comfort zone of $0.50/$1 NL. I know this is crazy because many of the same players are in the $1/$2 as at the $0.50/$1 level and I can beat them there, so what is the difference?
2. My Multi Tournament game needs some work! I have cashed in many tournaments and even won a few (tournament winnings of $3,800 for the year) but still have made losses of $1,000 for the year in this format after buy ins (luckily my cash game has funded this loss). I think I may be playing too many small buy in tournaments ($5, $10 and $15 with too many players for not enough return).
So what about the positives:
Well the fact I have made a profit over the year is a start. I have the patience and the willingness to put in the hard work to get better. I never stop reading about the game or critiquing my own (as well as others) play. Also, humbly, I never forget to sometimes admit defeat when faced with the prospect of playing with better players. Sometimes admitting that they are better than you can keep $$$ in your bank roll, give you the chance to figure out why and then come back with a new game plan to take revenge.
So what is my game plan for the new year?
Well firstly I need to work on persevering with the higher levels of play to boost my profits. I am currently working on a new bank roll method to aid me with this aim and I will let you know how it pans out at the end of the month.
Secondly I need to try my skills in the higher levels of multi tournaments. To acheive this I am looking to put all profits I make on Sit ' n' Go's back into multi tournaments, sort of like using them as qualifiers for bigger buy ins. So I will keep you posted on how that goes.
For now I will post the figures for December 07 and wish you a prosperous new year!
Cash Games - $476.56
Multi Tournaments - $12.73
Sit 'n' Go - $24.5
Bonuses - $372.3
Total Profit /Loss (December) - $886.09
Years Results (monthly profits) Below "Click to Enlarge"
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