The bankroll dance

2/6/2014

WHEELS & ARMS challenge stats update JAN14-MAY14:
WHEELS & ARMS are in the money!!

For the first time since the beginning of the challenge, I have reached the minimum donation amount of 250€. From this point on and upwards, the donation amount will effectively represent 30% of my generated profit.

Unfortunately Javier and Randall put their challenge on hold because of personal stuff!! Javier is getting married this summer and wants to focus on this adventure Randall has has new plans too. We don't know what will happen to the project of crossing Costa Rica or when it can be done but for now, Javier and Randall decided to stop training intensively which means that I will put my bankroll challenge on hold too. I started with a 500€ bankroll on January 1st and yesterday at midnight, I was at just over 1300€. I think I 'll start a new bankroll challenge for another organization in the meanwhile. I'm open for suggestions! I'll get back to you soon with news about Wheels & Arms.

Figures of my challenge:

>> bankroll on January 1st: 500€
>> bankroll on May 31st: 1358,22€

- 5 months
- +60000 hands played
- +500 sit'n'gos (1-5€)
- +650 tournaments played (3-20€)
- +300 plo cash game sessions (0.02/0.05 - 0.1/0.2€)
- 10153€ invested

>> global R.O.I. : 8,4%

>> donation (30% of net profit): 257,46€
- min. donation = 250€ on 31/12/2014
- goal = 1000€ donation

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WHEELS & ARMS
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This blog is the coverage of a challenge I set myself for 2014 in order to support another greater challenge being prepared in Costa Rica by Javier Slon & Randall Bermudez.

WHEELS & ARMS is a project aiming to make adventure sports more accessible for persons with disabilities.

Visit WHEELS & ARMS on Facebook.

THE CHALLENGE

In late 2014, Javier (spinal injury L4-L5 from birth) & Randall (diabetic type 1) will attempt to cross Costa Rica from ocean to ocean only using their own physical and mental strenght. No motorized vehicle will be used during their trip.

Of course, ideas like this cost money (gear, training, consultancy, promotion...) and Javier & Randall are now, besides training, looking for financial partners to back up their project. The aim is to develop structures that will be helpful to many other adventurous disabled persons in the future. Javier's & Randall's ultimate goal is to set up workshops and leisure camps for persons with disabilities. They hope that their attempt to cross Costa Rica from coast to coast will help raise attention and funds for their projects.

In the best case scenario, they are planing to shoot a documentary movie of their adventure too.

Big plans!

I met Javier while he was working in Luxembourg a couple of years ago and I had not heard from him for a long time after he moved back to Costa Rica. When I read about this project, I contacted him straight away to know more about it. Sometimes, I just feel the urge to get involved or support projects I like.

To support their idea, I have decided in December 2013 to set myself a bankroll challenge for 2014. I hired two online Poker coaches and set a strating bankroll of 500€ to start with on January 1st, 2014. My goal will be to increase my bankroll by 20% every month playing mostly SNGs & MTTs until Javier & Randall effectively start their crossing in late 2014. 30% of the profit I will make during the challenge will then be donated to WHEELS & ARMS.

I thought it could give a sort of more glamourous meaning to the amount of time spent playing online Poker like a geek.

My goal is to donate 1000€ out of my bankroll by the end of 2014. This means that I need to build up my 500€ bankroll to 3833€. Should I fail miserably and let my bankroll drop beneath 100€, I will:

1. fire my coaches - someone has got to take the blame...
2. punish myself for being a hopeless fish by donating 50% of my initial bankroll of 500€ (250€) to WHEELS & ARMS.

Every feedback or advice is welcome.

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Thanks for your attention,
Damian

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