Wednesday, July 26, 2017
Milestone--Bankroll Building
My profit this year on Juicy Stakes Poker to date is $101.67.
That's just a nice number because it's more than $100. The point is that I broke through the $100 profit mark for that site this year and can, with enough play and study, go higher. It's not just that I can probably get that profit number up to $150, $200 and beyond sometime this year.
Think of it like compound interest. The bigger my bankroll gets, the more money I can afford to spend on a tournament. The mathematical way to put that is that I have decreased my risk of ruin. When I have a bigger bankroll I can play more expensive tournaments, and I can win more money.
The cycle builds on itself. If I win a big top three cash at a bigger buy-in, most or all of that money will be reinvested into the business, which will grow my bankroll faster, which means I can play even higher soon.
I'm really looking forward to watching that happen.
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