Sunday, July 09, 2006

The Story So Far...

In my entire life (i'm 19 now) i've never had a job for more than five weeks. The jobs i've had were short term and have been few and far between: swimming teacher, tree planter, personal seller and office assistant. I've never been all that fond of authority, nor of doing things the same as everyone else. I have always looked at "alternative" ways of making money, and online poker and bonus swindling has given me the perfect opportunity to do that.

One of my mates is always telling me to get a job, or get a real job, so that is the inspiration for the naming of this blog. The possibility that I could earn an income this way is very appealing. The "pay" is potentially very good, in Australia gambling winnings are untaxable, I can work when I want and take breaks and holidays when I want, I don't have to "travel" to work, and I'm doing something unique and different- which I always strive to do.

About 3 months ago I deposited US$220 into a Neteller account (online bank account) to try my hand at online poker. I didn't do too badly, and was up to about $750 after about two months of playing about 5-10 hours a week. My biggest accomplishment was winning a $10 buy-in tournament of 150 ppl- I got about $270, plus I won a satellite tournament and got some other MTT finishes in the money. Overall, I made most of my profit at MTT's, I broke about even at SNG's and I consistently lost money at cash games. Almost all of my play was at No Limit Texas Hold'em, with some at Limit Hold'em. I think the major flaw in my game was my tendency to get emotional in the game, when I lost a big hand or pot I would often throw things against the wall- and I ended up putting some holes in the wall and door, and breaking a bunch of stuff. It was one such incident, about a month ago, when I'd had a bad day and I lost yet another buy-in at a low limit cash game, and I went on "extended tilt" and deposited $200 of my bankroll into a $1/$2 NL cash game and went all-in on a hand when I was pretty sure i was beaten- it was out of shear frustration from my tilt. I lost the 200 then took all my money back to Neteller so I wouldn't play anymore.

I took a week off, then decided to see if I could do some bonus swindling which I'd heard and read could be quite profitable. To cut a long story short, my bonus swindling has been successful and I built my online bankroll from $480 (where it was after poker) to about $2000 in about 3 weeks of playing about 2 hours each day.

I have just finished my mid-year uni exams, and now have three weeks off. I have decided to return to poker, as well as spending much more time doing bonus swindling to try and earn a lavish income. I'm going to continue to play casino bonuses as long as i can, then move onto poker bonuses after that. On the poker front, I want to start out as 1/2 limit holdem grinder, and move up the stakes as I get better.

To this day, I haven't told my parents or any of my family (there's 5 of them) of my online poker or bonus exploits- I always tell them I'm just playing play money (which I did used to do for poker). My mum is VERY anti gambling and thinks that if I even gamble once I'm going to become addicted- shes very paranoid. Dad is allllll business and see's gambling as a waste of time and money- when I tried to explain to him that card counting in blackjack can be profitable for the player he said that theres no way that it would work, or that it would be a waste of time etc etc. I know the only way that he will understand is if I put it in "his" words, ie. show him business style reports etc. and graphs and tables that show my profits.

As well as simply being a record of my play, I intend this blog to serve two main purposes. One is a step by step record and explanation of my means and results which I can later use to explain to my parents where I've been getting my money from. The other is to act as a venting medium for poker so that I don't go on tilt or break things.

Tomorrow is the start of the Official record of my play. I think that one thing that could help me avoid tilt is to try and think of the money in terms of units and not the actual value. Hence my target for my first week of play, in terms of poker, is 10 000 hands (or more). Assuming about 100 hands per hour and multi tabling at 4 tables at a time, I think I should be able to reach that goal by playing about 5 hours a day. If I get board with poker I will do some bonus swindling to break up my play- I'm currently clearing the wagering requirement for cashable bonuses at Aceclub and Windows casino.

Wish Me Luck!

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