An exercise in Proper Bankroll Management

#1 17-08-2007, 6:09 PM

So after nearly 2 years of strict play money ventures on Pokerstars and several other sites I finally buckled and started Real Money play online.. A (to remain anonymous) donor hooked me up with $10 in real money on Pokerstars..
I promptly lost all that within 5 days.. Then i lost three different $25 dollar deposits in the span of less than a month.. Finally, I decided enough was enough.. I seriously took a long hard look at the limits I was playing and realized that while I was playing near my actual bankroll I was playing well above my online bankroll..
My Stars account showed a little over $2.. One more $25 deposit was all I was ever going to make..Not because I couldn't afford it, but because I was determined to play smart and stay within my online bankroll.. Here we are a month later and this is how my Sharkscope graph looks:

Notice the huge downsing at nearly 50 games played..I've grinded and grinded the $1 dollar STT's exclusively since then to nearly get myself back to even.. My PokerStars balance right now is $104.. I will not move up to the $5 STT's until my balance reaches $150; actually make that $170 because I am going to send my original donor double the money he sent me to pay him back.. I will no longer be risking more than 3% of my roll on any tournament (a la Chris Fergusons' online experiment).. Any advice in general would be greatly appreciated..Thanks in advance!

#2 17-08-2007, 6:15 PM

Quote:

Originally Posted by RiverNoHelp

Notice the huge downsing at nearly 50 games played

Nope. I don't notice. Graph not showing up. You'll have to take a screenshot of the SS graph, crop it down, save it to your hard drive, upload it here, and then post it for it to show up.

#3 17-08-2007, 6:16 PM

Got ya..sorry about that!

Graph showing yet?

#4 17-08-2007, 6:41 PM

Good job man. keep it going. In addition to being economically rewarding,practicing proper BR management is a good lesson in self discipline, and a fun challenge to one's self.

It seems we had this discussion once before; yo like to play Omaha8, right?

#5 17-08-2007, 6:42 PM

yeap.

#6 17-08-2007, 6:45 PM

Quote:

Originally Posted by reglardave

Good job man. keep it going. In addition to being economically rewarding,practicing proper BR management is a good lesson in self discipline, and a fun challenge to one's self.

It seems we had this discussion once before; yo like to play Omaha8, right?

That's correct.. I love Eight or Better.. Haven't played it too much for money though since no $1 S&G's are available..Did play a few $5 S&G's during my improper BR stage though..Hence my roll troubles..

#7 17-08-2007, 7:42 PM

Nice job, man. Looks like you've got a good consistency goin, keep it up.

#8 18-08-2007, 2:52 AM

Quote:

Originally Posted by RiverNoHelp

Got ya..sorry about that!

Graph showing yet?

Yep, you got it. Nice job. Keep it up.

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