Well, I realize that I haven't posted here in a while, so here's an update on my progress for the past couple of months.

In June, I met an important criterion for advancing in limits from the $10-$20 Hold'em to $20-$40 Hold'em: that of beating $10-$20 Hold'em for a net win rate of at least one big bet an hour over an interval of several hundred hours. Even though my bankroll was only around $9K in cash (I still haven't paid back the money I "borrowed" from it to purchase my new truck), I decided to start playing $20-$40 Hold'em.

The results have been lackluster so far, but I've only played 44.5 hours, so they're not all that significant. For the remainder of this year, I'll be playing a mix of $10-$20, $15-$30 (when I can find it), and $20-$40 Hold'em.

Beating $20-$40 Hold'em has been my Holy Grail, as it is the game by which I plan to support myself once I leave my current job. My criteria for quitting my job and playing full-time for a living are:

1.) I must be beating $20-$40 Hold'em at a net rate of at least one big bet ($40) an hour, and must have demonstrated this over an interval of at least 1,000 hours.
2.) I must have my truck fully paid off.
3.) I must have enough cash for two full years of living expenses (approximately $50,000 total). This is what is referred to as a "nut."
4.) I must also have a minimum $15,000 bankroll, in cash, from which to play.

The goal is to meet all four criteria by the end of next year.


heihojin