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March 08 , 2011

The Part-Time Poker Player


Like most poker players starting out, I also dreamed of making it big in the Texas Hold'em poker tournament world and quitting my day job. However, after a sour dose of reality in the form of inconsistent results and a severely depleted bank account, I decided to sit back and re-think my approach. This book details how I devised a statistical system of bankroll management that would keep me profitable in the long run, how I went about upgrading my actual game-play skills, how I analyzed my performances at the table, and finally, how I adopted a psychological system of thinking about this little career of mine from my day trading experience... all without having to quit my day job!

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The book is divided into four parts. Each part deals with a specific phase of my journey:

* PART 1 - MENTALITY AND OBJECTIVES, deals with my beginnings. Most novice, intermediate, and even some advanced poker players might find a lot of parallels with my journey.

* PART 2 - THE PLAN: [Contains the framework for a statistical approach to bankroll management in tournament play, online or at live tables]
I drew on my derivatives trading experience to draw up a logical statistical model as to how I would approach the game in the long term.

* PART 3 - EXECUTION AND GAME-PLAY: [Contains actual sit-n-go tournament performance data as per the theory laid out in Part 2]
My assumptions were clear and my expectations realistic. After a while I realized that my actual decision-making at the table needed to improve. This required poker theory education from external sources and assigning some structure to my thought process at the table - topics which I have not covered in great detail because it would be overkill, as there is so much related information out there in the poker print-media. I have referenced some great sources of information as relates to each category, however. Once I began to see some profits over a string of games there was no looking back, but the journey was still very rocky.

* PART 4 - PERFORMANCE ANALYSIS AND MENTAL ASSESSMENT: [Contains an adapted model of psychological assessment of a typical poker career.]
Finally, I realized that a key part of improving my game-play and identifying my strengths and weaknesses was going to come from tracking how I played. I began tracking various types of data during and after a game. After a while, I adopted and modified a psychological system of assessing where I was in the poker career from my derivatives trading regimen.


It is my hope that this book will be able to help the budding poker tournament/sit-n-go enthusiast by serving as a guide to effective bankroll management and a disciplined approach to long term tournament play, be it a part-time or full-time pursuit.

This book is NOT for people who are looking for a "get rich quick scheme" or some sort of a "killer strategy" that will guarantee a win in every tournament. For more details, refer to the "Preface" by downloading a free sample first.

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