August Poker Results

I played 56 online tournaments in August, the most that I have played in any month.


Juicy Stakes Poker, August 2017
56 tournaments played:
14 net win tournaments:   +$111.26
41 net loss tournaments:   -$97.41
                                                ---------
                                              +$13.85

Americas Cardroom, August 2017
6 tournaments played:
3 net win tournaments:   +$0.29
3 net loss tournaments:   -$0.44
                                              ---------
                                           -$0.15


Combined results for August 2017: +$13.70

Making money playing poker tournaments is all about a few big cashes. I've said that many times.  There is no such thing as a steady income.

That was never more true than in August. The first three weeks were a train wreck.  I was about to post by far my worst month of the year. Two days later my losses were wiped out.  I cashed for $21.60 (3rd of 35) on 8/25  and $50.00 (1st of 63) on 8/26.  I turned a disaster into a small profit.  I'll take that.

I have a lot of work to do on Americas Cardroom, but my balance on Juicy Stakes Poker is $220.16, which is a significant number.  The standard advice for tournament specialists is to have a bankroll of at least 100 buy-ins to survive the ups and downs.  I now have over 100 buy-ins to play $1.10 and $2.20 tournaments.  I can relax a little and not be so concerned when (not if)  something like the first three weeks of August happens again.

The next step is to get myself bankrolled to play higher.  Of course I want to play $3 and $5 tournaments which have bigger prize pools. The goal is always to move up to the next level and make more money, but there is another consideration.  Almost all of my play is between roughly 1830 and 0300.  That's when tournaments are available that have good structures and are affordable.  Every step up the ladder means not only bigger prize pools but also more choices.  I could play more $3.30s in my usual time slot*, or I could play one in the afternoon or whenever else I was free to play.

As always, your questions and comments are welcome.

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*During my usual time block I play a few $3.30 tournaments, maybe three or four per month, but since my average buy-in is less than $2.20 I'm in good shape.