Bankroll Management

This is a discussion on Bankroll Management within the online poker forums, in the Strategy Forum section; I usually play No Limit Hold Em/ Omaha Micro/ Low Stakes i have my winning sessions but if i catch a bad run of cards ...
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  #1
30th October 2008, 1:40 AM
staynskool
 
Bankroll Management

I usually play No Limit Hold Em/ Omaha Micro/ Low Stakes i have my winning sessions but if i catch a bad run of cards and forced to rebuy a few times i usually end up going bust being that my bankroll can only withstand usually 5 or so buy ins. and then i am forced to result to freerolls to rebuild. do you guys have any tips on how to improve my bankroll management. i know i should be play at even lower stakes but i feel as if it is almost a waste of time to sitting at a table for 3 hours all to make 5 dollars. Is that what i should be doing to increase my bankroll to be able to cope with the swing of the cards? Help? Advice?
Staynskool
Play Texas Hold'em Online Poker | Bankroll Management

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  #2
30th October 2008, 2:00 AM
tenbob
 
Plays at: pokerstars
Game: Holdem
Deposit ??

Alternatively when you are playing ring games you need to have a 20buyin cushion. There is plenty of threads on this if you want to try using the search feature.
  #3
30th October 2008, 2:01 AM
JUMPY
 
I am no poker genius .. but if you have no problem building a BR from freerolls maybe ring tables are not you thing .. maybe you should think about playing more tourneys. Just a thought.
  #4
30th October 2008, 2:01 AM
AlBundy24
 
Plays at: Any and all
Game: Any game
Pokerstars has a rebuy tourney twice a day on weekdays. I don't know about the weekends but it is $3+ unlimited rebuys for the first hour, with a $3 add on at the first break. Guaranteed pot is $40,000. Cash games have such ridiculous swings for your money that it can make bankroll management very difficult, and I agree, the micro stakes do feel like a waste of time. Play for 3 hours to win 5 bucks. Try tourneys and sit n gos to build a bankroll worth playing with. Then I would follow the general rule of thumb for cash games--you should be sitting down with no more than like 10-15% of your bankroll. The smaller the percentage of your bankroll you are able to sit down with, the better your management will be. This way, you can have a losing streak without going broke.
  #5
30th October 2008, 1:56 PM
MissVien
 
Plays at: Full Tilt
Game: HORSE
re: Bankroll Management poker

Play the low limit sit n go's. They start at 1 dollar, and the competition is weak.
  #6
30th October 2008, 2:20 PM
IEatFelt
 
Plays at: FTP
Game: HORSE
i think a great way to build a small br is to play the double or nothing tournys... i mean hell you start with 50/50 odds of cashing
  #7
30th October 2008, 3:14 PM
jdeliverer
 
Plays at: FTP
Game: NLHE now
Quote:
Originally Posted by IEatFelt
i think a great way to build a small br is to play the double or nothing tournys... i mean hell you start with 50/50 odds of cashing
If you have 50/50 odds of cashing you shouldn't play them.
  #8
30th October 2008, 6:18 PM
PokerVic
 
Plays at: PokerStars
Game: Holdem
Boiled down in its simplest form. In order to profit in poker, you have to be a net winner, and have the BR to absorb inevitable variance.

Most players will not be net winners out of the starting gates. Even those who have done their homework are often slight losers in the long-term. So, while you're learning and increasing your win-rate until it bumps into the positive, it's important that you're playing at stakes that you can afford to lose. I'd rather be up or down $20 at the micro tables after a few months of "on the job training", than up or down $200 at the higher stakes.

If you can afford to continue depositing, there's nothing wrong with plugging away until you turn a consistent profit. But, there's a lot to be said for grinding your way up through the ring levels. It does wonders for your poker confidence to destroy micro stakes, and build your BR enough to move up.
  #9
30th October 2008, 8:06 PM
kidoke
 
Plays at: party poker
Game: holdem
3 hours to win 5$ ? what a wast of time.

on freeroll play agressive. it will pay less times but the prize will be greater and al teast dont wast your time
  #10
30th October 2008, 8:10 PM
shammalamma
 
Plays at: Pokerstars
Game: holdem
re: Bankroll Management poker

If you really want to be able to practice good bankroll management, you need to make a deposit. Standard practice for SNG's is to have at least 20-25 buy-ins in your stack, and even more for MTT's. Cash game you should have at least 20, but 15 is suitable for some people. If you start as a freeroll player and work your way up it is very possible to build a decent bankroll, as I have done it and countless other players, but in the beginning it's almost impossible to follow good BR management. If you find yourself having big swings in cash game give some micro stakes SNG's a try for a change of pace, thats what has worked for me mostly, with cash game as a buffer.
  #11
31st October 2008, 3:16 AM
staynskool
 
Thank you very much everyone for your help. I do agree i prolly need to do a deposit and should be doing that within the next couple of weeks. Once agian thank you for the great advice.
Staynskool.
  #12
1st November 2008, 3:23 PM
the_urge27
 
Plays at: ftp
you just have to find what your bread and butter is if you find that you are grinding for 3 hours only for a profit of 5 bucks is not worth it-maybe you should look into other options-sit n go's are great for building a bankroll-it just depends on how much patience you have-i would suggest sit n go's--the_urge27
  #13
4th November 2008, 5:29 AM
Phil922
 
Plays at: FullTilt
Game: nlhe,mixed
deff play smaller games, maybe move to SNG.
I mean dont u have more fun playing micro limit earning a little, the freerolls earning even less?
  #14
5th November 2008, 12:04 AM
verydark
 
Plays at: full tilt
Game: stud hi lo
5ù is way too much lol
  #15
5th November 2008, 12:04 AM
verydark
 
Plays at: full tilt
Game: stud hi lo
re: Bankroll Management poker

5 percent
 



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