Honor roll (Abigfish)

I would like to congratulate players who have done exceptionally well for me. So I thought I would create an honour roll for them. The first player I would like to congratulate is Abigfish. He turned a starting bankroll of $3,000 into $12,000 in 16 days. He was break even for most of the BAP until the 16th day where he took first place in the $55 50k guarantee on Pokerstars for $9,150.

The unfortunate thing is I had a measly $10 invested in him. I think I was getting low on my bankroll because I did not consider his plan high risk. I ended with $26.56 for a profit of $16.56 and a whopping 166% ROI. I invested $30 into his new BAP. Hopefully he will have similar results. So congratulations Abigfish for making the honour roll.

Poker staking (Bankroll status)

Well I'm getting close to having 80% of my bankroll staked out. I was having trouble finding some low risk BAPs. I created a thread on PTP discussing the current trends in BAPs. I was noticing more high risk BAPs than low risk BAPs. Low and behold shortly after I was able to find some good low risk BAPs. Since my bankroll is getting close to being staked out to where I want it, this will slow down on the amount of BAPs' I will be investing in. As a result I will be a bit more picky in what BAP's I will choose.

Currently I am down from my original bankroll. I don't have specific data yet. Unfortunately, I am having a few issues with my data, which I'm ironing out. Once that is fixed I will be posting my bankroll results in more detail.

I'm not too worried about a slow start. The thing I have to realise is this still involves poker. As you all may have experienced, poker is a game of variance. I'm confident my investments are sound. One thing I have been doing that has improved my skill in choosing BAPs is viewing posts by players who are having trouble selling their BAPs. I review their BAP and give them an honest opinion from an investors point of view. Sometimes I find a good BAP to invest in. It's little things like this I believe will improve my ROI over time. By the way if you ever want an honest opinion on a BAP you are trying to sell, then feel free to post it here in the comments. You can post the link here or break it down in point form. I will be only too happy to help you improve your BAP. Thanks for reading.

The Plan

In order to reach your goals you need to have a plan. This took a bit of research and some experience from a few BAPs. I also had a coaching session with cds0699 on parttimepoker. He provided me with some very useful investment strategies and bankroll management, which will include core elements of my plan. If you are interested in staking I highly recommend getting coaching from him. *Note: If you are unsure of any of the terms here, I have provided links to the glossary on parttimepoker.

Bankroll Strategy:

• 60-70% will be in low risk BAPs.
• 10-20% in mid risk BAPs.
• 1-10% in high risk BAPs.
• I will not be investing in MADs until my bankroll is at least doubled. They tend to be higher risk and more work for one investment.
• 80-90% of my bankroll will be invested at any time. This is to keep my money invested so it is not sitting idly. The other 10-20% will allow me to buy into unexpected good BAPs.

Investing Strategies:

• 3-5% buy-in rule for low risk sng BAPs. These would include heads up, 9 mans, 18 mans, 27 mans, 45 mans and 180s.
• 2% buy-in rule for mid risk MTT BAPs. For example I would consider a BAP where a player is entering 8 FTOPs events with a clause for 30x45 man sngs to be mid risk.
• 1% buy-in rule for high risk BAPs. This would be quick hitters such as someone playing only 3-4 events with potential to win big, but a good chance to bust.

These will be the core strategies for my plan. Other things I will be implementing is tracking my stakes, researching player stats and trust issues, as well as continuing research into new strategies and ideas. I will be purchasing merchguy’s tracking software on parttimepoker. I think this will help me pinpoint bad overall stakes.

That covers most of my plan. Of course nothing is set in stone. I may change this over time. If at anytime you have any questions please feel free to leave a comment and I will answer any questions you have. Thanks for reading.

The Goals

The title pretty much sums it up. I want to lay out my goals to make it clear to myself where I need to be headed. It will also give me an idea if I need to make some changes in my stakes. My plan will be how I reach those goals. I'm going to be keeping the goals flexible and attainable, considering I'm new to this.

I'm writing out my goals for the first 6 months. It will be broken down into 1 month increments. I have rounded off the numbers to make it easier. Here are my goals.

Goals:

Starting Bankroll: 800

may:1000

June: 1200

July: 1430

August: 1700

september: 2000

October: 2350

I calculated this at a 15% return on investment (roi) with a 3 week recycle rate on my money. After doing some research it seems that 10-15% roi is average if you are making profit. Anything above 20% roi is above average. So I set my goal to average so that it is attainable for someone starting out. It might not look like much after 6 months but as you can see it grows faster with each increment. After a year at this rate it will be worth it. Another thing to note in the calculations of my goals is I'm using up to 80% of my bank roll at any given time. Ideally I want to use 90%.

One other goal I have is to back a player who I think has great potential. I want to find someone I can trust in the next 6 months who I will be backing on a regular basis.

One thing to not in my posts is that I will be putting certain things in brackets only once. This is for those who are completely new to staking and investing.

My next post will be my plan to reach my goals. Thanks for reading.