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#281
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THX for the quick posting guys!!!
for now i am trying my luck in live casino games ... i find it easier against the many tourists who are coming to spend there money ![]() Chris, so you had manageed to build your bankroll from 60$? and you are at 12K...?! also i wanted to ask what sites you guys playing at and how is the level of play there? and also what limit/NL games you playing? cash/tourn's? |
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#282
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Stability and predictability
It's funny this bankroll building thread popped up when I brought up this site this afternoon. I've been doing a lot of experimenting which has cost me some money over the past few years but think I've about got the "secret"...if, in fact, there is one.
I'm an accountant and gamble for enjoyment. But, I don't enjoy losing, subscribing to the idea that it's better to gamble "smart" than gamble "dumb" and if there's a way to get sustainable and predictable wins flowing in there's absolutely no reason not to. Soooooo, after years of up and downs, in and outs (no, that isn't from a Polish sex manual), different sites, different games, different limits, I finally think I've hit upon the process. I won't know until a few months have gone by but, starting (appropriately) January 1st, I'm going to restrict myself to doing exactly what I think I need to. I don't expect big money but my very reasonable goal is to provide myself a regular $1,500 a month without big swings and fluctuations. If anybody out there has a process that works with similar results, I'd love to hear about it. If I force myself to stay on the reservation and not wander, I'm pretty sure mine will do what I expect. We'll see. If that happens, my online bankroll should simply go up every month. There's simply too much money floating in the cyber sea for there not to be a way to harves modest amounts regularly. Sorry for the ramble. I do love to play cards. I also love accounting so am not driven to lay either down. Good luck to all. Wormy Last edited by WormyAces : 11-12-2007 at 7:16 PM. |
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#283
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Quote:
The absolute profits start to grow exponentially as you move up the limits. Turning $60 into $100 (for a net profit of $40) took me pretty long. These days, a net profit of $40 is more like a drop in the ocean. Quote:
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#284
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I'll share
if it works. It is very specific and structured so until I know if it'll work week after week after week there's no reason for me to yadda yadda yadda yadda about something that may be pure crapola (don't you just love foreign languages?). But, notwithstanding skepticisms, I really don't think it can fail IF IF IF IF IF IF I stay on track and not get greedy. We'll see.
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#285
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Quote:
2) About 4 to 5 hours on average. Used to be a couple of hours at the weekends. 3) Yes. 4) About a year, but only taking it reasonable serious for the past couple of months. Quote:
As I play limit holdem, the rules are somewhat different. However, more by luck than good judgement, I seem to have got it almost right. I'm playing 2 tables at 50c / $1 and take $50 to each table. That leaves (at my current BR of $353) $253 of my bankroll unused at any one time. So, even if I got wiped out on both tables, I would still have 250 BB's (a little low, but not drastically so) so would be able to drop down. As I say, it's more by luck than judgement, and am learning more every day. Quote:
The trouble is with me, whilst I have the patience of a saint whilst at the table (never tilt, play tight and am never tempted to loosen up if I get a LONG run of crap hands) I am very impatient to move to the next level. I've resisted so far, and am determined to continue to do so, but my willpower is being tested to the full! |
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#286
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Quote:
I know virtually nothing about Limit poker, but since 300BBs seems to be the basic rule and you're unlikely to lose everything on both tables anyway, I think you're in great shape! Quote:
Don't make the mistake to think that high limits are out of the question for you. The players really don't get that much better as you move up the limits, so if you're bankroll supports it and you've been owning people left and right at your old level, then there's no reason to think you won't do similarly at the new level. Quote:
The winrates are generally higher (so are the swings unfortunately), and a player of your skill would increase his bankroll quite a bit faster I'd think. Making a transition like that would probably be very scary but might be worth the effort. You could get used to it at the microstakes or even with play money. Just wanted to throw that out there, "never change a running system" is often the best advice. |
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#287
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Progress Update
Day 41: 545% ($10,903) Day 42: 579% ($11,573) Day 43: 609% ($12,172) The cash tables were good to me again. After losing one and a half stacks early on, I was able to end the day with quite a bit of profit. The most interesting hand with the biggest pot I've ever played so far ($970) was as follows: I held AA in middle position and raised it up to 4BB. The button made it $70 to go, the blinds folded to me. I just called. The flop came JJ8 rainbow, and I checked. He bet $100, and I raised all-in. He thought for a while, then called me with Tens (!). Thank you very much for making a bad play and not sucking out. Gee, this felt so good! I also played a $100+8 MTT again. This time I lasted about 30 minutes when my QQ smashed into AKo once more with the Ace hitting. More importantly though, the tournament contained a perfect example of why multi-tabling can have an effect on your winrate. I held 7d6d in one hand during the tournament. It was a multi-way pot with 4 people in it. The flop came 7 high with two diamonds. Somebody made a potsized bet, and my intention was to raise him. However, at one of the other tables I had to make a crucial decision with JJ which ultimately caused me to time out and auto-fold in the tournament. The flush would have hit on the river, and I would have gotten action from two other players - I'm sure I would have at least doubled up in that hand. |
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#288
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I'm All for building a bank roll. Starting with nothing at the moment. If I get the chance to deposit in the near future I will, but not much only $50 now from that if it can grow to $100, then $200, then $400 that would make me happy enough to continue playing.
For the moment it will be free rolls only. |
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#289
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Quote:
You seem to rather over estimate my ability Chris. I heard it said recently that FL is for mathematicians, and NL is for artists. Well, I'm no mathematician, but I'm absolutely NOT an artist. My game is solid, but no more than that. I can grind out a few dollars a day playing FL by using PT to put my oponents on a range of hands, and evaluating the chances of beating them (based on pot odds / implied odds etc) but anything much more subtle than that is beyond my current skill level. That may not always be the case, but for the moment at least I know my limitations, and think it advisable play within them. My main reason for playing poker is enjoyment, though of course a few $'s pocket money is a nice bonus. At this stage at least, I'd rather not "kill the goose that laid the golden egg" by moving away from my preferred game in search of greater profit, which I'm probably not (yet?) good enough to achieve. |
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#290
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I feel the same way you do about limit/NL. I SUCK at NL. It is such a different game for having almost the same rules it is unbelievable. When I have more time to devote to the game I may switch, but not all at once. |
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#291
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Just bear in mind your graphs are only taking sessions into account, no how many hands, tables, or how long you play for.
I could 12 table for 8 hours per day and get it in as one session. TBH I think ye should be using pokergrapher for this. |
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#292
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Day 40: 260% (342.90)
Day 41: 268% (353.37) Day 42: 267% (352.13) Today was not one of my better days. I got involved with (and made the wrong judgement) on too many marginal hands. Nothing else of any great significance to report. |
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#293
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Quote:
Nobody cares how many tables and for how long you play. If your bankroll grows, then we're happy for you, there's nothing more to it than that. |
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#294
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I am guessing each of us plays consistent amounts of time and tables each day. True, this is not a good comparison between players, but, as Chris said, it shows individual's trends.
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#295
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Quote:
Quote:
pigpen, if you like, I can add the slope like for the $ graph. For other readers, the slope is the % per session. |
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#296
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well i had a disappointing day despite the fact i increased my BR by a significant sum. I couldn't place in the money for the life of me, so i decide to try my hand at some PL .10.25. went in with just 15 dollars, which would have left me with 120 in my BR; i was prepared to lose this. Well, that session, plus a few micro HU sng's and i was back up to 150. THEN THE MADNESS BEGAN!
after losing something like 5 out of 6 more of those same SnGs, i was at 142. So i went to the.50/1 tables with 22 dollars. well i got it up to 40 after a while and quit. Then, feeling bored but unsatisfied i continued my idiocy and went to the 1/2 tables with 40 dollars. This again left me with 120 worst case scenario. Well i got insanely good cards and withing 10 hands i made $70. I got dealt KK back to back, TT 4 times, AK and qj which flopped the nuts. well i quit after that obviously. now I'm kinda worried what to do, should i just keep building or cash out my profit. of course if i keep building its back to the 5.50 sng which haven't been going all to well for me. I don't intend on doing the short stack game too often as it is somewhat nerve racking. day 1- 110.03 %100 day 6- 142.50 %129.5 day 8- 142.00 %129.05 day 9- 230.35 %209.35 |
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#297
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#298
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Quote:
As pigpen mentioned, you probably should be somewhat more careful if you intend to keep building though. This is mainly in regards to $1/$2 NL. As far as SNGs go, I think $5 tournaments are okay. I think I even played $10 ones when I had your bankroll, but Chris Ferguson's rules may be a bit aggressive for SNGs. |
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#299
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Well, that dotted line is sucking my green line back down. Variance by any other name is still a loss today. Things will get a little worse now that I will no longer be getting first deposit bonus. Better look for another site!
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#302
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I am done with this thread for a while.Currently I sit on $383 or so at Bodog,but I'm in a situation where I must withdraw some to pay bills
.I am gonna try to roll up my PS account in the meantime and play the CC tourney at Bodog every Friday.Hopefully I will be able to be back here within the next month or so. Good luck to all of ya and it seems like you are all heading in the right direction. |
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#303
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Progress Update
Day 42: 579% ($11,573) Day 43: 609% ($12,172) Day 44: 629% ($12,587) Today's first session started out pretty badly. I got absolutely no respect from anyone, everybody called my postflop bets down, and whenever they had a worse hand they managed to make a better one by the river. I hate it when bad play pays off. The second session was much better, I managed to take down a few pots, so the day ends with profit. I think the profitability line in my graph is going to be off. Since I doubled the limits, the graph should increase faster now than it did during the first 40 or so days. |
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#304
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Hi Everyone - I'm kind of new to the site, but it seems like this is a really nice community.
I want to start building my bankroll the right way - my friend transferred $20 into my PokerStars account last December, and over the last year I built it up to $400 before cashing half out and losing the rest due to spurts of tilt playing in higher stakes heads up games. So now I find myself back near where I started...about 30 bucks! But this time, I want to manage my bankroll right! Mainly I've been playing 1/2 cent ring games and 1 dollar, 9 man S&Gs. So far I seem to be gaining but very slowly! Does anyone have any advice for what to play to get my bankroll moving? |
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#305
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You should play whatever you're most comfortable with. Money can be made in all types of poker. Variance is going to be the smallest in cash games, higher in SNGs and much higher still in multi-table tournaments.
When looking at your gain, you should look at it in terms of percentage. If you go from $30 to $45 then that's a gain of 50%! |
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#306
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Day 41: 268% (353.37)
Day 42: 267% (352.13) Day 43: 289% (381.15) I think today is the first time since I’ve been posting to this thread when I’ve not had a single bad beat worthy of mention all day. It was a longer than usual session too, which makes it all the more remarkable. After steady (but small) losses during the first hour or so, things picked up and I hardly ever had a downturn all day – looks like Father Christmas came early! |
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#307
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The way we will know is when the best-fit line is consistently below your bankroll curve. |
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#308
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Perhaps I should change it to a solid line? |
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#309
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I had a long talk with my green line. Told it, "Fear the dotted line! If it gets close, RUN LIKE THE WIND!" Seems to have worked.
Actually, there were no 2/4 tables I wanted to play after the Full Tilt Poker shutdown. There was a 3/6 that looked good, but I was a wee bit under rolled for the move to 3/6. (Rolled OK to play, just wasn't going to move up yet from 2/4 by my own guideline.) Sat in anyway and played uber tight for a round or two. There was a blithering idiot at the table who would play any one paint, 64o, and once called a raise with 72o. Couldn't pass that up, and now I am securely rolled for 3/6! Stayed until he lost it all. ![]() I note that pasting my graph directly from Cheetah's program changes the prior graphs, too. Before the last two times I had been pasting it into Paint and uploading the jpeg file. Guess I should do that if I want to anchor a graph. Last edited by pigpen02 : 13-12-2007 at 3:59 PM. Reason: noted graph changing in prior posts. |
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#310
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The best fit line should be a log fit based on the mathematics. Either that or make the Y axis log. Then constant percent increases will be linear.
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