Wednesday, March 7, 2012

Results for Week 2/26 to 3/3--Profit and Loss.

Most of this has been accounted for in my February results.

 45.67  profit or loss from online tournaments
   1.00  deposit bonus cleared
    . 59  rakeback
 --------
$46.26  Total weekly profit

I'll talk about rakeback and bonus in a future thread.  The gist of it is that poker sites, like brick and mortar casinos, reward their regular players.  You could compare it to a VIP club, or frequent flyer miles.

If every week could be like that one, I would be all set.  Most of my profit for February comes from the first part of that week.  But that's not how poker works.  My first three weeks in February were all breakeven or slight losers.  That's the life of a tournament player, and as I grow my bankroll and get more choice of what tournaments to play, I'll be playing a more against large fields, where the cashes are larger but happen less often.

My goal every year is to never have a losing month.  Given what I said above, that might sound a little strange.  But if I get enough volume in, over the month variance will even out at least a little bit, and I have a shot at making money every month.

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