Monday, April 12, 2010

New Goals, Other Updates

I must admit that getting the rug pulled out from under me from Google was a bit disheartening. Oh well. If it (making extra money) was easy everyone would be do it right? So I have had to reconsider my plans, objectives and prospects in light of these recent events and just as I was starting to get discouraged, opportunity knocks.

Some of you may have read back some time ago on my other blog My World of Poker blog that I played and placed 3rd in a Tournament in 2008 at the Golden Nugget called The Grand.

That win is my only mention in Card Player Magazine, so far, and it was a really great tournament to play in. Well The Grand is back and it seems as if they have tailored the schedule to be perfect for me. With buyins 84.5% less than the WSOP buyins and with a structure that is very similar (maybe even better), everything about this tournment sounds like a winner. My record at the Golden Nugget poker room is exceptional with numerous final tables, cashes, and 15 first place finishes over the last 4 years.

So, (drum roll please)... My new bank roll goals and my poker schedule are a changing to match up with playing at The Grand and not playin in any WSOP events (unless I can somehow satellite into a WSOP event sometime between now and the start of the WSOP)

My new goal is to get $1300 by June 5th. I will for sure be playing in 5 events, and I will be trying to win a seat into their Main Event through their Satelites (I will try as many as 5 times to win a seat). That means that I have already achieved 77% of my goal with 54 days remaining, and that is without any money from Google Adsense.

This changes the dynamics of the shares that I am selling and that are still available. A couple of people have asked me about the shares so I will explain what it is and what you get for it.

In total I am selling 325 shares. Each share costs $4. Each share is worth 0.154% (less than 1%) of my winnings for all 5 events I am playing and if I win a satelite into the main event each share is worth 0.154% of my winnings for that event also. As of today there are only 72 available shares.

Lots of numbers, what does it mean. If you wanted to buy 10 shares, the cost is $40. "When" I win money in any of the 5 or 6 events that I will be playing in, you would get a return equal to the share value times the number of shares you own. If I win $3000, those 10 shares would return $46.15 (a 15% ROI). Of course it is possible that I could play in all 6 events and not win anything and then the return would be nothing so please if you are interested, let me know, but no one should feel obligated in anyway.

So far I have saved enough money to buy 253 of the shares myself and I am only offering 72 more (which is a little more than 11% of my action).