Wednesday, June 21, 2006

What are my goals

I'm bringing $30,000 to Vegas for the WSOP events (as well as some side action or smaller "second chance" tournaments and satellites) and I've given a lot of thought to what my goals are. I've got plenty of them, but rather than make it a simple success or failure I've come up with a letter grade system much like you'd have on a test. This is how I'd rate my level of success.

A+ Making any final table or winning more than $50,000
A Making the Money in 50% of the events I enter or winning more than $25,000
A- Making the money in 40% of events I enter or winning more than $10,000
B+ Winning at least $1 or making the money in the main event
B 3 strong money finishes or Coming home with more than $25,000
B- 3 weak money finishes or coming home with more than $20,000
C+ Coming home with more than $15,000 and two money finishes
C two weak money finishes
C- Coming home with more than $10,000
D+ Coming home with more than $5,000 and 1 money finish
D Coming home with less than $5,000 and 1 money finish
D- Coming home broke with 1 money finish
F Coming home completely broke with no money finishes

A money finish is exacly what it sounds like. The top 10% of finishers in every event win money and everyone else loses. A weak money finish would be just sneaking into the top 10%. For this kind of finish you get your buy-in back plus a little extra. A strong money finish might be one where you win several times the initial buy-in (ie winning $8,000 in a $2,000 buy-in event).

Of course my letter grades aren't a perfect system, but it will give me a record of pre WSOP ideas about success that I can look back at when I'm done. Not included on the list are a few off the chart results such as winning a bracelet (the winner of each event gets an engraved gold bracelet as a sort of trophy), multiple final table appearances, winning over a million dollars etc. I figure I have about 1 in 150 chance of winning an event, about a 1 in 600 chance of winning $1,000,000 or more and a 1 in 6,000 chance of winning the main event and $10,000,000. Not great odds but light years better than the lottery.


Anonymous said...

Luckily ther terrorists now know exactly how much money you've got, so they're enen more motivated to attack. :-)

Anonymous said...

Terrorists? Shit I'm motivated to attack. :)

ps. This is Jake

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