January 5, 2009
All quiet on the poker front
Not been playing much poker lately apart from the NL50’s on Cake. I managed to win $1024 during December which kind of fits in nicely with my $1000 per month challenge. Actually I am still working on my methodology to beat these games and tweeking things all the time. Blew a fair chunk of money off this month through indisciplined play but still around $175 up on the month……they are just so dull…..LOL.
No action to report in the 25-50 game and I have decided to knock all other forms of poker in the head for the time being so no PLO, no HUNLHE or anything else for that matter.
I have a great idea for an e-book should I start beating the NL50’s regularly and this is why I am playing them. But it also supports my sponsor as well as I am multi-tabling these games. Figures for December over 20,500 hands at NL50 was roughly 10BB/100 which I am pleased with.
Actually with a good rakeback deal then I dont see why someone cannot make $2000-$3000 a month playing these games. The most tables that I have played is nine which is some going for someone who rarely multi-tables. Someone with better focus could well play double the number of tables that I am playing and if you can take advantage of big juicy sign up bonuses as well then you can make decent money MT these games.
I noticed the other day that some poker sites are offering $1000 sign up bonuses, personally I think that the 33% rakeback deal on Cake Poker is a better deal and they have a great sign up bonus too. I reckon that with a proper methodology, a good sign up bonus, rakeback and good discipline then many players could make $3000 in their first month.
Thats pretty impressive for doing nothing but play NL50. I reckon with a 30 buy-in bankroll of $1500, a player could make a living wage from this. But my methodology has shown numerous weaknesses and I noticed tonight that I am missing value too much. I should hopefully correct this starting tomorrow.
Bad weekend sports betting, never got to trade Phil Taylor in the PDC…..awesome performance. I also failed to lay Chelsea for the title at 2.20 when it was begging to be laid. Not all doom and gloom though as a lay of Rafael Nadal and Australia came up trumps.
Catch you soon.
CAKE POKER.…..WHERE YOU CAN CHANGE YOUR SCREEN NAME EVERY WEEK TO AVOID YOUR MORE OBSERVANT OPPOSITION……..AND THE HOME OF ONE OF THE BEST RAKEBACK DEALS ON THE INTERNET.
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