I'm going to take $12.00 and turn it into $120,000. No, I'm not putting it into a lottery.
I am going to use the bankroll and play poker smart! According to general thought in the poker world, you should have a bankroll at least 300 times the amount of the BB in limit. So,
PokerStars' lowest limit is $0.02/$0.04. So, 300 times $0.04 is $12.00.
I will follow these rules:
- I will start my bankroll at $12.00.
- I will not put any money into my bankroll unless it reaches $0.00 -- then I will "re-buy" $12.00.
- I will not remove any money from the bankroll, other than to fulfill rule #4.
- At the end of the month, 25% of my total winnings for the month will be removed from my bankroll and placed into savings. If I lost money in the month, nothing will be removed.
- I will not play any limits that would break the "300 times the BB" rule (now known as 300xBB).
- I will not play any game other than Cash Limit Hold'em. No tournaments, no-limit games, or Omaha.
- I will jump to higher level blinds when I reach the 300xBB for the next level.
- I will drop to lower level blinds when I fall to 150 times the BB for the current level.
- I will play at least once a week and at least 4 hours per week.
- I will keep a detailed log of my play, to include:
- Excel file of my current bankroll, past sessions, and "bankroll manager";
- Updates on PokerCharts;
- Write-Up of all sessions on yaw_poker.
I will start the quest soon. How long will it take? I have no idea. Assuming I double-up my buy-in each session and never lose, it will be just under 150 sessions. Even averaging 5 sessions a week, that's 30 weeks of play. Averaging 3 hours to play each session, over 450 hours of play.
Obviously, I won't win every session, won't play 5 times a week, and won't average 3 hours per session. This will take a few years to complete, but it's a goal I'm willing to take. I'm hoping PokerStars doesn't get shut down by the US government before then.