Dusty Schmidt Laments Diminished $425,000 Profit For 2010December 15, 2010 12:12 pm
Lately online grinder Dusty Schmidt has been lamenting a year which not only has seen his annual poker profit diminish to $425,000, but also threatens to end his almost 6 years monthly winning streak. As he explains:
“I think that streak may come to an end this month…I have enjoyed that streak for a very long time now, and only plan on playing a small number of hands this month anyway, so if it ends it ends. I am not going to worry about that stuff.”
The recently signed Team PokerStars Online pro has managed to win more than $3 million online, not including bonuses which he says can add up to over $100,000 a year simply by breaking even.
However, 2010 has presented greater challenges than usual for the mid to high stakes grinder, which he puts down to his worse run ever coupled with a few incorrect adjustments to his game, as well as his first year as a father.
Explaining further, Schmidt highlights the fact that although he has survived the stakes better than most of his opponent’s, he still feels that between 50 to a hundred players have overtaken him recently and explaining further he states:
“This year I made around $425,000 from poker at the tables which includes bonuses and live winnings..most of the player pool I competed against from 2007 at 5/10 and 10/20nl is back at 1/2 and 2/4nl or completely out of poker now. Only the strongest have survived the games over time. In a way, I am still proud of myself that I can say I have survived these games, but on the other hand, I didn’t get into poker to just survive at my stakes.”
Going on to mention the adjustments he is now making to his game, Schmidt says he will be working extra hard on his strategy, as well as quitting massive multi tabling, which he isn’t enjoying anymore.
“In 2007 and 2008 when I had the best win rate online, I never played more than 8 tables and often times it was 6 tables. I started realizing this summer at the WSOP that…when I had time to make tough decisions, I was nailing them every time. but when I am playing 18 tables at a time online, I just can’t do that stuff.”
Dusty Schmidt ends his blog by stating that he knows what to do and that he is confident that within a few weeks or months he will be able to get right back on top of the competition once more.
Good luck Dusty and we look forward to reading your next post.