Sunday, May 11, 2008

Treating poker like a business

This past week after lackluster performance, I decided to take a look at highly sucessful players in order to possibly learn something from them other than their actual poker skills. Just like any business in a specific industry, paying attention to your competitors moves is extremely important, and in poker, copying these moves can lead to making a higher hourly wage. I've never been big on change, and it costed me dearly. Wasting hours on end in the 40s last year hurt my profits, and being hesistant about jumping in 100+ mtts hurt my profitability, but at the same time maybe its good I'm more cautious then your average player. Anyways I've made two moves

1.Cake Poker - I talked about this earlier but never followed up on it. During the daytime, AP is slow and I can't 8-9 table, 6-tabling seems to be the average from noon-5pm. Cake is gonna allow me to keep the hourly wage I make at night during the day

2.UB - UB has some good MTT's, and I really need to get on there. The best part is I can xfer from there to AP so getting money on/off is a breeze. Either way this seems like a good business move

So there it is. The real goal is to get more games in, which leads to higher profits, lower variance, and an overall better strategic plan. I have found 8 tabling to be a breeze, so 9-10 tabling shouldn't be too bad....we shall find out soon enough


50K Sept Goal

+2500(roughly)

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