It's been nearly two years since I've posted anything to this website. With the little time I have to write I mostly focus my time on my other blog. Another reason I don't have too much to say on this website is my poker play is limited to about twice a month in a regular Weatherford game. So there just isn't much to even discuss when I do have the time to focus on this part of my writing.
Since it has been so long, I figured it was time to look back on 2016 (and 2015 since I didn't post anything about that year either) and see how my year-end results compared to previous years.
In the past year I played approximately 110 hours and won $1,675. This equates to a $15.26 hourly rate. My biggest win for the year was $960 in a Texas hold 'em/Omaha hi-lo mixed game. My largest loss was $450, also in a hold 'em/Omaha hi-lo mixed game.
My tournament play for the year was pretty poor, seeing only a few cashes in a $40 re-buy tourney. For the most part my money was made in the cash games that followed the tournament. I do a good job of limiting my buy-ins for the tournaments to a maximum of two (and normally it is just the single buy-in), but once the re-buys end I usually haven't amassed enough chips to handle the increasing blinds. I need to have a large enough stack once the re-buy period ends to be able to make some plays pre- and post-flop and be aggressive enough to not play scared against the players I consider better than me.
So how does my 2016 compare to previous years. Let's take a look.
2016 - profited $1,675 at a $15.26 hourly rate
2015 - profited $955 at an $8.20 hourly rate
2014 - profited $745 at a $10.31 hourly rate
2013 - lost $450 at a $3.79 hourly rate
2012 - profited $1,205 at a $12.96 hourly rate
2011 - profited $770 at a $15.56 hourly rate
2010 - profited $1,615 at a $10.25 hourly rate
2009 - profited $1,615 at a $35.50 hourly rate
In the past eight years, I have profited $8,130 playing poker. My average profit per year is $1,016.25. My average hourly rate is $13.03. That is better than minimum wage, but certainly not good enough to make poker a viable option as my only source of income.
Stacked up against previous years, 2016 was a great one. I had my highest profit for the year and my third largest hourly rate. I also saw my second highest single-session profit (the first being a profit of $1,185 in 2010 that paid for our refrigerator). This year's big win came in December and helped pay off some Christmas debt.
Looking forward to my poker playing in 2017 I would like to set a few goals for myself. The most hours I've ever played in a year is 157.5 (that was in 2010, prior to adding the two boys to our family). I'd like to increase my total time played to the most ever since keeping these stats and I'd also like to have a winning hourly rate of $20. If I meet both of those goals, my minimum profit for the year should be nearly $3,200. That would be almost twice as much as I have ever won before in a single year and would help establish a full-time bankroll dedicated toward poker only. That leads into my third goal for 2017: to have a bankroll again. I would also like to get back into continuing my education in poker with other means that experience, even if that means reading some books I've studied before.
So the four goals for 2017 are this:
1. Play at least 158 hours of poker.
2. Win at an hourly rate of $20.
3. Start a bankroll dedicated entirely to poker that will provide for 2018.
4. Read some literature on poker strategy.
Hopefully I can meet all four goals and post a few entries here along the way.
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