I played my last No Limit cash game today and unfortunately I have to say that it is not profitable enough for me to continue. I've heard time and time again that you need a significant sample size of hands to know whether or not one form or another of Poker is profitable and I've always heard that sample size to be at least fifty thousand hands. I have played in excess of 67,000 hands since June 9th and my earn rate is 1.5bb/100. Obviously this is not the road I'm supposed to be on. I always knew that grinding No Limit cash Games Live was not something I wanted to do, but I thought that doing it online would be a good spot to build up to the necessary bankroll for my plans, but obviously I was wrong.
Unfortunately I don't seem to have anywhere else to turn. WSOP offers mostly rebuy tournaments and my ITM percentage in those is hideous. Other than that my choices are $1, $2, and $20 tournaments. With the bank roll dropping below $440 I am obviously not rolled the $20 tournaments and as for the $1 and $2 ones even at a 30% ROI the best I could hopefully average in earnings per day is about $5. It looks like it may be time to close out the WSOP account. Obviously there's no sense in continuing what I've been playing because considering the time that I put in it's just not worth it and if I put in less time think about how much longer any goals that I set would take. No matter how you slice it, no limit cash games are just not meant for me. This may also be the end of this blog. If I have nowhere to go in poker, nothing to play, there's not going to be much to write about.
The only other option I see is attempting to play $2/$4 a lot earlier than anticipated. I have $236 online, another $200 offline, a new credit card with a $500 balance on its way which I could turn into $500 in cash without paying the higher interest rates of a cash advance, and I can add another $165 to that. In total I would be looking at almost $1,100 for a starting bankroll at the $2/$4 live limit tables. Other than that I see no other possibilities and let's face it that possibility in itself may not exactly be the best way to go. Under rolled and a $500 credit card debt to get started. Unfortunately it might be the only option left.
It is a sad day for me because I really thought this would work but the volume put in along with the earn rate tells me otherwise. I'm out of ideas , but I'm not doing anything just yet I'm hoping something comes to me, something I haven't thought of yet, but I think I've thought of everything. No limit cash online the earn rate is not good enough, limit games online are non existent, SNGs have no resemblance of regularity, and MTTs well that's already been touched upon earlier in this entry and when it comes to online poker those are all the options available.
It is with a heavy heart and sadness that I bid you farewell. If any other option comes to mind I will definitely be writing about it in this blog, but as for right now I just don't see any viable future. Take Care everyone..... be well.