Merry Christmas & Happy New Year
It's been an amazing year for me really.
Back at the start of 2005 I was winning minor amounts online but was profitable, averaging around $18,000 a year (for 2004). At this time I'd just started working on some poker websites and was making reasonable money combining my regular self employed job, poker playing and poker websites. Certainly enough to be comfortable.
In April I played my first European ranking event in Lithuania. By some fluke of nature I won it. Pocketing €6,000 give or take a few cents. This started my B&M tournament addiction. I then played in Blackpool and cashed (£600) and Brighton and cashed again (£3,200). At this time I agreed to manage UK Poker News which was to launch later in the year.
During the summer The Sterling Cartel was formed and gained sponsorship from London Poker Club. Despite us being pretty much unknown they put up the money for a number of events and we feel we represented them fairly. The sponsorship ended and we quickly signed for Poker Heaven, a UK poker room. UK Poker News launched at almost the same time. Jetting off to foreign lands and managing UK PN meant I was pretty busy, so I paused the trading of my old self employed job.
Poker Heaven's poker room is on the same network as London Poker, I knew how poor the players were here in general and fancied I could make regular returns. It proved to be the case when I ran $300 up to $3000. I blew most of it in a fit of red mist but have since played there exclusively and I'm now showing good profits.
My online record keeping is poor these days. I think my profits for 2005 online are around $25,000. They are certainly over $22,000. Split the difference, $23,500 ;-) - I'm very happy with this, it is an improvement on 2004 and I feel without interuption I could play online for a living now. Offline tournaments have returned around £8,000 or roughly $14,000. That gives me around $38,000 for the year. Tax free income on top of my regular salary and ongoing concerns.
I feel lucky to be in this position. I work for myself and earn healthy money from playing a game I love. I don't feel "well off", I have high outgoings and expensive tastes, but I'm comfortable. (Not trying to brag) I sleep at night, I drive a large car, live in a large house and I'm pretty happy with my lot. There are people far worse off than me and it's at this time of the year I give thanks for what I have.
For 2006 I have some goals:
To incorporate a poker based business and get it off the ground. Our idea is sound and proven but financial restrictions could make it a slow burner to start with.
To win another Euro ranking event. The win in April was the best I'd felt this year, it is truly something else to take 1st place, have the poker room applaud you and shake your hand and collect a wad of cash. The money is great but respect from players who actually understand the game, and not just quote written bile and re-discuss events about as likely as Elvis walking on the moon, is surely the holy grail of every sportsman.
To earn $50,000 playing online. My time is restricted but I've moved up to levels of 2/4 through to 4/8 NL now. The prizes are bigger (so are the beats) so I think I should trouble this figure, at the very least, in 2006.
I'm not interested in the WSOP and WPT and EPT titles. Of course, I'd take them if I could but it's unlikely I'll play in those events and I'm certainly not good enough to compete that high yet, maybe 2007? :-)
So, that's it for 2005 from me. I'm doing the family things for the next few days, I'll be online but playing very little. I hope everyone reading this has a great Christmas and New Year.
Back at the start of 2005 I was winning minor amounts online but was profitable, averaging around $18,000 a year (for 2004). At this time I'd just started working on some poker websites and was making reasonable money combining my regular self employed job, poker playing and poker websites. Certainly enough to be comfortable.
In April I played my first European ranking event in Lithuania. By some fluke of nature I won it. Pocketing €6,000 give or take a few cents. This started my B&M tournament addiction. I then played in Blackpool and cashed (£600) and Brighton and cashed again (£3,200). At this time I agreed to manage UK Poker News which was to launch later in the year.
During the summer The Sterling Cartel was formed and gained sponsorship from London Poker Club. Despite us being pretty much unknown they put up the money for a number of events and we feel we represented them fairly. The sponsorship ended and we quickly signed for Poker Heaven, a UK poker room. UK Poker News launched at almost the same time. Jetting off to foreign lands and managing UK PN meant I was pretty busy, so I paused the trading of my old self employed job.
Poker Heaven's poker room is on the same network as London Poker, I knew how poor the players were here in general and fancied I could make regular returns. It proved to be the case when I ran $300 up to $3000. I blew most of it in a fit of red mist but have since played there exclusively and I'm now showing good profits.
My online record keeping is poor these days. I think my profits for 2005 online are around $25,000. They are certainly over $22,000. Split the difference, $23,500 ;-) - I'm very happy with this, it is an improvement on 2004 and I feel without interuption I could play online for a living now. Offline tournaments have returned around £8,000 or roughly $14,000. That gives me around $38,000 for the year. Tax free income on top of my regular salary and ongoing concerns.
I feel lucky to be in this position. I work for myself and earn healthy money from playing a game I love. I don't feel "well off", I have high outgoings and expensive tastes, but I'm comfortable. (Not trying to brag) I sleep at night, I drive a large car, live in a large house and I'm pretty happy with my lot. There are people far worse off than me and it's at this time of the year I give thanks for what I have.
For 2006 I have some goals:
To incorporate a poker based business and get it off the ground. Our idea is sound and proven but financial restrictions could make it a slow burner to start with.
To win another Euro ranking event. The win in April was the best I'd felt this year, it is truly something else to take 1st place, have the poker room applaud you and shake your hand and collect a wad of cash. The money is great but respect from players who actually understand the game, and not just quote written bile and re-discuss events about as likely as Elvis walking on the moon, is surely the holy grail of every sportsman.
To earn $50,000 playing online. My time is restricted but I've moved up to levels of 2/4 through to 4/8 NL now. The prizes are bigger (so are the beats) so I think I should trouble this figure, at the very least, in 2006.
I'm not interested in the WSOP and WPT and EPT titles. Of course, I'd take them if I could but it's unlikely I'll play in those events and I'm certainly not good enough to compete that high yet, maybe 2007? :-)
So, that's it for 2005 from me. I'm doing the family things for the next few days, I'll be online but playing very little. I hope everyone reading this has a great Christmas and New Year.
