Morning Folks
Its been just over a year i think since the last monkey staking and having now settled in to my new tree house i am itching to start playing some serious poker - all i need now is a bankroll to get me off and
running swinging. I've changed the target slightly from the original monkey staking - this time i will be looking to turn the original stake into $10000 instead of $20000 but the proposal will be the same. Although last time round the challenge did not reach the targets originally set out it did make a profit overall for the stakers, unfortunately it didn't result in building much of a bankroll as my share of the profit was used as spending money on a trip to Las Vegas that Claire had paid for. With no holiday plans for the forseeable future this time round hopefully i will be able to start on the road to poker riches
Proposal
My plan is to turn $2000 into $10000 playing the stars $10 & $20 180 player sit and go's. I will be putting up half of the $2000 staking required for the bankroll challenge, the remaining 50% will be sold as 2.5% $50 shares.
I propose to build the bankroll playing nothing but 180 runner sit and go's - these fill up quite regularly on pokerstars nowadays as they still feature at the top of the tournament tab in the stars main lobby. I will probably manage to play 4 or 5 in the evenings when i will be playing. My aim for the challenge is to build a bankroll but i understand that potential investors may want a quicker return on their money so my proposal is that on the final day of every month any profit that has been made will be transfered back into your stars account but that i will keep your original stake along with my original stake and my profit within the bankroll alloted to the challenge. In the event (hopefully not!) that i have a losing month then no money will be paid on the final day of the month and that a payout the following month will only occur once the previous months loss has been recovered.
All the 180 runner sit and go's are tracked on OPR and i believe that sharkscope also covers them (whether they cover them all i am unsure as i don't often use the site). You can see from my sharkscope graph that i have had success playing these $20 sit and goes as there is a noticable increase on my graph as i haven't really played that many sit and go's in my 6 years on the site.
As well as the 180 runner sit and go's also propose to play 1 of the $10 rebuy's on a sunday lunchtime for a seat into the sunday warm up on the sunday's when i will have the chance to play the warm up. I will never buy in directly to the warm up, i will only play it if winning a seat. OPR will actually record the result of the satellite but it wont log accurately the total buy in for the rebuys and add on - i will record the total staked though i the thread i intend to start during the bankroll building challenge.
*** I will play no other tournaments on stars during this challenge and therefore my results will be easily traceable on OPR *** I am making this proposal as it will help me focus in grinding out my bankroll playing games where i believe i have a larger edge over the rest of the field, rather than trying to spin up my bankroll taking shots at the big money tournaments on stars where one win would achieve the objective but where my edge (if any) is only minimal.
If anybody is interested please let me know either on the thread or by PM or if anyone has any questions please let me know. My new job unfortunately doesnt allow access to blonde but will respond to everyone in the evenings - thank you for your time in reading this
(my original proposal for anyone who has a question is here in case it is answered on this thread:
http://blondepoker.com/forum/index.php?topic=37207.0)
Shares Sold5% - Newport Lad (Paid) & Returned
5% - DaveShoeLace (Paid) & Returned
5% - Ironside (Paid) & Returned
5% - Silo Graham (Paid) & Returned
10% - Via PM (Paid) & Returned
5% - Dino1980 (Paid) & Returned
5% - MC (Paid) & Returned
5% - Anthonyl (Paid) & Returned
5% - Action Man (Paid) & Returned
All sold - thank you for your support, will start the challenge once all money has been rec'd
Tourneys Played Total Staked Cashes Final Tables Amount Won Profit 1% stake returns
Aug 2010 14 $155.17 1 0 $67.61 -$87.56 NIL - challenge ended and all remaining stake money returned to stakees
Jul 2010 65 $666.20 14 2 $381.88 -$284.32 NIL
Jun 2010 72 $711.20 7 1 $330.81 -$380.39 NIL
May 2010 235 $3818.50 39 13 $3555.93 -$262.57 NIL
Apr 2010 97 $1805.40 8 6 $3380.35 +$1574.95 $1.9026
Mar 2010 4 $49.50 0 0 $0.00 -$49.50 NIL
Feb 2010 0 $0.00 0 0 $0.00 $0.00 NIL
Jan 2010 3 $55.00 0 0 $0.00 -$55.00 NIL
Dec 2009 57 $998.65 7 6 $702.97 -$295.68 NIL
Nov 2009 200 $3584.10 22 11 $2599.59 -$984.51 NIL
Oct 2009 128 $2164.50 16 10 $2762.10 +$597.60 $5.976
Totals 875 $14008.22 114 49 $13781.24 -$226.98
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