Saturday, December 08, 2007

A Big Plan for 2008

I've been a big time blog slacker lately. Sorry! Not much of interest has been going on pokerwise lately, but I do have a major plan for 2008. This plan started when one day I was looking at the pokerstars website and I decided to drool over the benefits a player could get by reaching the highest level of pokerstars VIP status: Supernova Elite.

To reach that level you need to earn a million base frequent player points (FPPs) in a calender year. For every dollar in tournament juice that you pay you get 5 points meaning you'd have to pay $200,000 in juice in one year (an insane amount) to make it. Or for every cash game hand you play where they take at least a dollar you get 1 point and if they take two dollars you get 2 points (there's not bonus if they happen to take more). To give you some perspective in 2007 I earned about 300,010 base FPP's.

So what do they give you for making it to this nut-so level? Well they give you FREE entry into TWO $10,000 buy in poker tournaments (you get to choose between the WSOP main event, the Pokerstars Caribbean Adventure and the EPT Monte Carlo) plus $2,000 for expenses for each tournament and a $2,600 entry into the WCOOP main event. They also give you cash bonuses along the way . When you reach 200,000 base FPP's they give you $2,000. At 300,000, you get ANOTHER $3,000. At 500,000 you get ANOTHER $5,000 and at 750,000 points you get ANOTHER $7,500.

So as I was drolling over all of this sweet stuff and dreaming of playing in the WSOP main event again as well as the PCA which is in the Bahamas I thought to myself "I need to find a way to make this happen!"

I did the math and discovered that I would need to play about 90 $109 SNG's a day, 20 days a month all year to make it happen. That amounts to 10 hour days, every day with little or no vacation. Keep in mind that these aren't 10 hour days like normal people have 10 hour days. They have commute time and time talking to other people and time eating. This is 10 hours of making a decision every 8 seconds. I'm sure there are people out there who could do that, but I am not one of them.

I knew how many points I could earn playing NL cash games and knew it wouldn't be enough (I'd have to play about 1.75 million hands in a year), but I wasn't sure about limit cash games. So I decided to do a little experimenting. I quickly discovered that playing $5/$10 six-handed limit hold'em games I can make about 1.05 base FPPs per hand. Meaning that if I play 80,000 hands a month I'll be able to earn enough points to become Supernova Elite. I can play 500 hands an hour so that should be exactly twenty 8-hour days a month.

Amazingly, neglecting all of the year end bonuses and the milestone bonuses, just the FPP's alone from playing 80,000 hands in these games are worth $4,500! If you add it all up it means that if I can BREAK EVEN I'll end up making $96,652 in bonuses next year!!!

While I suspect I should be able to beat these games, I'm not certain that I can. I've got about $20,000 in my pokerstars account right now and I figure I'm willing to lose about 2/3 of that before I pull the plug and go back to playing NL tournaments as my main poker activity. Also I don't know if I can handle the work load for an entire year. This also means that I won't be able to play much in the the way of tournaments in person or online since all of my energy and effort is going to go into this one major goal. I don't know if I have it in me, but I'm going to try. If I can make a measly ten cents a hand that would be another $100,000 on top of the bonuses. This could be really big!

I'll try to keep you posted on my progress. My plan for the blog in the new year since I'm going to be working more is to try to post at least weekly, but just with short posts since all I'm going to be doing is going after this one goal. Wish me luck!