Update June 3rd

Good news, I have been running good since I last posted. I completed a total of $500 worth of investments with a total profit of $165.60.

The bad news is I did not reach my May profit goal of $200. This was the result of not recycling my money fast enough. It was slow getting it initially invested. I don't think this will be a problem in the future because I now have over 90% of my bankroll staked out. I also try to roll over my money to my player's new BAPs. I dont think I will have a problem reaching my June profit goal.

My ROI is 33.12% over the course of 30 completed BAPs. I dont think this is sustainable long term, but it does look awesome!! As of this posting my current running BAPs are about break even. I'm not worried about this because most players will end a BAP once they hit a good score. Players almost never end BAPs down; they just keep playing until they are up. So this tendency to close BAPs when they are up makes it very profitable. In addition I have been rolling over money to players I'm invested in. This has been very profitable for me as well.

Hopefully I can keep this up. Unfortunately with poker when you are up it will eventually be followed with a down swing. Thanks for reading and stay tuned for my next article about trust in poker staking.

Results Update

I have some good news and some bad news. The bad news is I'm down on my current running BAPs. The good news is I'm up on my completed BAPs.

My currently running BAPs have a ROI of -3%. I have $645 invested with a value of $625.66 out of 25 BAPs. All it will take is 1 or 2 of those BAPs to do well for me to get back in the postive. Another thing to note is these BAPs are not finished so I'm not too worried about these numbers.

My completed BAPs have a ROI of 22.94%. I invested $245 and recieved back $301.2o giving me a total profit of $56.20. I'm very pleased with these results.

I would have liked to have more BAPs completed, but it took me longer than I thought to get the money invested. Now that I have most of my money invested it will be easier to recycle it. My goal was to have a $200 profit by the end of May. It is looking like I may not reach this unless my BAPs start to complete quicker. I think what slowed this down was trying to get the money initially invested. I'm well ahead of my ROI goal and my recycle rate for invesments is on par. Overall I'm very pleased with my results. Thanks for reading.

Poker staking results

This will be my first post on my current results. I did not have the best start, but nothing too bad to worry about yet. So far I have 3 completed Baps with investments of $5, $5, and $10. One of the $5 investments completely busted. I got back $1.96 on my other $5 investment and $3.92 on my $10 investment. The good news is on the $5 investment that completely busted, I bought into another one of his BAPs and he doubled the bankroll plus he owes me cake. For those of you who don’t know what cake is, it’s an option a player can add to his BAP that allows you to recover lost money on the current BAP in his future BAPs. For instance I lost $5 on the first BAP, which allows me to recover that on the next BAP plus any profit.

Currently I have 12 other BAPs running. Unfortunately I am down on most of those and marginally up on a few. The thing I have to realize is that this is still poker, and there will be many ups and downs. I’m not worried about my staking results thus far. I’m confident that my picks are solid. I’m going to need a month to get a better idea if I’m doing something wrong.

I have a few things I want to mention before I go. This blog will not only be about my results and experiences as an online poker staker. I want to be able to give back to readers what I have learned. I will be writing articles on certain topics I deem important. Hopefully others can learn and become more interested in staking. I also encourage discussion on anything I write here. If you disagree with something I write, then by all means comment. If you want me to talk about a certain topic then feel free to email me or leave a comment. I will be glad to accommodate. Thank you for reading.