How much $ can I turn it into playing poker?

[PixelRabbit]

Ok so a couple years ago I was an online poker player. All hell broke loose in the poker world and many sites got shut down and ultimately I ended up getting some money trapped. I carried on with life without poker and pretty much wrote the money off. Fast forward, I have access to the money again... but ... about half of it is in "points". I can't bring myself to just let the value of them go so I'm going to have to play to release it as cash value *sigh*

I haven't played poker for almost 2 years now so after assessing what is available for me to play to give me the best chance of converting the money instead of losing it I've made a plan(ish). It's going to take a while to get through all of the points but I started playing today.

Since the money is going to camera gear, the more I make the more I can buy woot!! I thought it might be cool (and a little extra incentive to do awesome) to make a post to track my progress from time to time.

Today was a good day, I converted $30 worth of points to play cash, I have X amount of time to "use" that money and try to earn enough points to release the amount. If I leave the table with a balance over what I started with that amount gets credited to my cash balance and I maintain what I started with. After play today I earned $33 in cash and I have $20 still there to continue to play with to try to make enough points to release it. I do not expect all days to go like this lol.

Wish me good variance!!!


So the money value of the points when I started is $480 and I started with 120 500 points.

Points/$value in use/$value used/released/left to release
Day 1
120 500/$0/$0/$0/$480
110 214/$20/$30/$33/$447

 

[Majeed Badizadegan]

Good luck variance!

Can't believe Full Tilt ended up being a huge ponzi scheme.

 

[PixelRabbit]

Thanks! Gawd, you have NO idea how it felt when Black Friday hit... being saved because I'm Canadian then Full Tilt imploded and bye bye money and income source. Did you know Pokerstars owns it now? ....

 

[sm4him]

Those were all English words, but I have no idea what any of that really means. :lmao:
All those points, and converting points to play cash, and earning enough points to release cash...it all sounds far too complicated for me.

The only poker I ever played was with my Dad--our little version of "family night," lol--but we played with the pennies out of the penny jar (it was a HUGE penny jar--probably had over $500 in change in it and it usually wasn't even half full) but when the game was over, the pennies all went BACK in the jar.

But yeah, good luck doing whatever it is you hope to do with those points that might or might not be cash.

 

[runnah]

I don't know. That sounds like the same as investing your last $20 on scratch off tickets.

 

[squirrels]

She doesn't always play games of skill for money, but when she does it is to buy camera gear.
The most interesting rabbit in Canada.

 

[PixelRabbit]

Haha Sharon, as I typed that up I was thinking how convoluted it sounds unless you have an understanding of how it works to begin with lol! Thanks!

I don't know. That sounds like the same as investing your last $20 on scratch off tickets.

Nah, it's more like if I don't play I just toss the scratch tickets in the trash without scratching them. Either I play and take what I can get or I give it up, no in between.

 

[PixelRabbit]

She doesn't always play games of skill for money, but when she does it is to buy camera gear.
The most interesting rabbit in Canada.

:lmao:

 

[PixelRabbit]

As of today :

Used $83 worth of points and cashed $72.
Not bad so far!

 

[oldhippy]

Last time I played poker, well it wasn't pretty. They made me put my cloths back on..And oh..congrats on the good luck..win big, buy some cool stuff.

 

[PixelRabbit]

Haha! Thanks Ed
That's one of the benefits of playing online... lol!!
I'm not really playing anything that I will win big at unless I buy into a tournament or two. I'm just playing cash and "grinding it out" as they would say in the poker world lol
I'll be happy if I convert most of it and be done with it!

 

[ghache]

i hate gambling. i enjoy poker, 10 bucks a game, with my friends in my basement, thats it.

i went to the casino once and it was to see a show. We went around my wife and i and spent like a couple 100s for the fun of it and that was it. Half of the poor people in there where spending their life away, you could see it in their faces.

 

[PixelRabbit]

Ghache, I saw a LOT of sad stories go by when I was playing, people ruined their lives, people lied, stole, and lost it all. I was lucky and found a coach and a backer who saw promise and took me under his wing, I was a profitable player but that is the exception to the rule, only about the top 10% of people who play online are profitable.

 

[The_Traveler]

My friend and I used to go to Atlantic City and play 3/6 or 4/8 but the drive was too long for 6 hours of cards.
If Maryland casinos actually open table games (as promised), I might start playing again if the rake isn't exorbitant (like WV).

 

[PixelRabbit]

Hey Lew I never made the jump to playing live but not for a lack of trying. Unfortunately I have some social quirks that I just couldn't get past. Heck online when I was deep in tournaments I would get this weird hitch in my throat, I looked and sounded like a goober! I never got past it and could never bring myself to walk into the casino and sit down

On the upside I played through it online, at the end I was playing cash but before that I was grinding tournaments, that's when it was the worst but I could just goober it up in private. I did pretty well I'll take a moment to brag....these are my highest payouts on Full Tilt Poker....



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[TR="class: statisticsGridViewBodyRow"]
[TD]08/24/2009[/TD]
[TD] $34,000 Guarantee [/TD]
[TD] $24.00+$2.00[/TD]
[TD] 3/2941[/TD]
[TD="class: green"] $6,846.65[/TD]
[/TR]
[TR="class: statisticsGridViewBodyAlternateRow"]
[TD] 04/26/2010[/TD]
[TD] FTOPS Event #7 [/TD]
[TD] $120.00+$9.00[/TD]
[TD] 15/8586[/TD]
[TD="class: green"] $4,464.72[/TD]
[/TR]
[TR="class: statisticsGridViewBodyRow"]
[TD] 06/26/2009[/TD]
[TD] $14,000 Guarantee (Double Stack) [/TD]
[TD] $24.00+$2.00[/TD]
[TD] 2/588[/TD]
[TD="class: green"] $2,187.36[/TD]
[/TR]
[TR="class: statisticsGridViewBodyAlternateRow"]
[TD] 01/19/2010[/TD]
[TD] $42,000 Guarantee [/TD]
[TD] $24.00+$2.00[/TD]
[TD] 7/2284[/TD]
[TD="class: green"] $1,260.77[/TD]
[/TR]
[TR="class: statisticsGridViewBodyRow"]
[TD] 04/06/2010[/TD]
[TD] $28,000 Guarantee [/TD]
[TD] $24.00+$2.00[/TD]
[TD] 6/1097[/TD]
[TD="class: green"] $1,260.00
[/TD]
[/TR]
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And on Pokerstars I got my win

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[TR="class: statisticsGridViewBodyRow"]
[TD]05/13/2010 [/TD]
[TD] $11 NL Hold'em [$20K Guaranteed] [/TD]
[TD] $10.00+$1.00 [/TD]
[TD] 1/2868 [/TD]
[TD="class: green"] $4,518.81 [/TD]
[/TR]
[TR="class: statisticsGridViewBodyAlternateRow"]
[TD] 04/16/2010 [/TD]
[TD] $22 NL Hold'em [$12.5K Guaranteed] [/TD]
[TD] $20.00+$2.00 [/TD]
[TD] 3/1183 [/TD]
[TD="class: green"] $2,245.33 [/TD]
[/TR]
[TR="class: statisticsGridViewBodyRow"]
[TD] 04/12/2010 [/TD]
[TD] $11 NL Hold'em [6-Max, $8,000 Guaranteed] [/TD]
[TD] $10.00+$1.00 [/TD]
[TD] 2/856 [/TD]
[TD="class: green"] $1,070.00 [/TD]
[/TR]
[TR="class: statisticsGridViewBodyAlternateRow"]
[TD] 03/21/2010 [/TD]
[TD] $7.50 NL Hold'em [turbo] [/TD]
[TD] $7.00+$0.50 [/TD]
[TD] 4/1637 [/TD]
[TD="class: green"] $830.77 [/TD]
[/TR]
[TR="class: statisticsGridViewBodyRow"]
[TD] 08/30/2009 [/TD]
[TD] Sunday Million [$215 NLHE - $1.5M guaranteed] [/TD]
[TD] $200.00+$15.00 [/TD]
[TD] 343/8993 [/TD]
[TD="class: green"] $665.49 [/TD]
[/TR]
[/TABLE]