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  Poker - Let's build some bankroll - who's with me?
 
  #281  
11-12-2007, 6:09 PM
Lordleon
New Member
 
Posts: 4
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  
11-12-2007, 7:00 PM
WormyAces
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Location: North Carolina
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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.
  #283  
11-12-2007, 7:11 PM
Chris_TC
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Quote:
Originally Posted by Lordleon View Post
Chris, so you had manageed to build your bankroll from 60$? and you are at 12K...?!
That's correct, keep in mind that I never took shots. I started out with $2 SNGs and maintained aggressive but semi-safe bankroll management throughout.

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:
Originally Posted by WormyAces View Post
starting (approproately) January 1st, I'm going to restrict myself to doing exactly what I think I need to.
(...)
If anybody out there has a process that works with similar results, I'd love to hear about it.
I think it would help if you could share your plan with us
  #284  
11-12-2007, 7:22 PM
WormyAces
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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.
  #285  
11-12-2007, 8:22 PM
Boltneck
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Location: Leicester - UK
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Quote:
1) Is poker your only source of income?
2) How many hours per day on average you playing? what time of the day is it?
3) Are you playing from home?
4) how many years have you been playing poker onilne?
1) No - I started playing for fun, and that is still my reason for playing. However, I have been unable to work for the past couple of month due to ill health so have had to make a conscious effort to exercise a reasonable BRM strategy. My "regular" income is likely to reduce / dry up soon.

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:
The problem with this is the possiblity of a bad run. Let's divide those 20 coin flips into two halves of 10 flips and 10 flips. Your bankroll is $80.
Thanks for that Chris, it looks as though the correct approach with regard to multi-tabling is somewhere between pigpen's approach and mine (though significantly nearer pigpen's)!

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:
I guess a mere 25%/month has to satisfy some of us more stodgy players. You and Chris are surely outstripping this. If I tried to flip coins with twenty people at a time, 15 of them would steal my coin and run while I was looking at the other 5. I can barely keep up with the hand review on one table for my fish markings.
Hey, Chris is way out of my league - it's a hobby for me rather than a potential / actual career. If I can get to $2 / $4 limit, and still make a profit I'll be quite happy. If I had any aspirations to make a real go of it, I'd need to switch to NL. For the moment, I'm quite happy to enjoy the game and make a bit of pocket money.

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!
  #286  
11-12-2007, 10:36 PM
Chris_TC
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Quote:
Originally Posted by Boltneck View Post
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.
This sounds like a very healthy BRM rule to me.
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:
Hey, Chris is way out of my league - it's a hobby for me rather than a potential / actual career. If I can get to $2 / $4 limit, and still make a profit I'll be quite happy.
Now don't say that. Looking at your graph makes it pretty obvious that you're a very good player.
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:
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!
The last thing I'd want to do is sway you away from your bread and butter game when you're doing so well. But have you ever played No Limit?
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.
  #287  
11-12-2007, 10:50 PM
Chris_TC
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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.

Attached Images
File Type: jpg ChrisTC_bankroll2.jpg (36.8 KB, 56 views)
  #288  
11-12-2007, 11:16 PM
rufcut68
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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.
  #289  
12-12-2007, 12:23 AM
Boltneck
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Location: Leicester - UK
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Quote:
Originally Posted by Chris_TC View Post
The last thing I'd want to do is sway you away from your bread and butter game when you're doing so well. But have you ever played No Limit?
I have played NL in the past (maybe 400 - 500 hands, though that was before I joined CC and started taking things a little more seriously) but too be honest I didn't enjoy NL as much as I do FL.

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.
  #290  
12-12-2007, 1:04 AM
pigpen02
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Quote:
Originally Posted by Boltneck View Post
Hey, Chris is way out of my league - it's a hobby for me rather than a potential / actual career. If I can get to $2 / $4 limit, and still make a profit I'll be quite happy.
Not so. Look at gain in percent. My 25%/month tickles my hams. Chris lately has shown ~100%/month based on the rms line, which is four times better. However, your latest chart shows 150%/month. No way you can say you are not in the same league with Chris; just offset of timeline. You are just two months away from the $2000 that started Chris' chart. Keep up the good work!

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.
  #291  
12-12-2007, 1:13 AM
tenbob
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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.
  #292  
12-12-2007, 1:42 AM
Boltneck
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Location: Leicester - UK
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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.
Attached Images
File Type: jpg Boltneck_perc.jpg (36.1 KB, 52 views)
  #293  
12-12-2007, 1:51 AM
Chris_TC
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Quote:
Originally Posted by tenbob View Post
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.
True, but the point of the graphs and updates is not to compare winrates. All we want is to take a frequent look at our current bankroll as it changes on a day-to-day basis.

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.
  #294  
12-12-2007, 2:06 AM
pigpen02
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Quote:
Originally Posted by tenbob View Post
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.
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.
  #295  
12-12-2007, 2:42 AM
Cheetah
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Quote:
Originally Posted by wsorbust View Post
I'm out of the loop here on the dotted brown line. What does it mean? How does it display based on data input? An average?
Quote:
Originally Posted by pigpen02 View Post
The dotted line is a regression best fit line for the data. Cheetah has taken the slope of the line and displayed it as $/session on the graphs of $. Since I think absolute bankroll is NOYB, I only provide % and get no %/session, which is OK.
wsorbust, pigpen is correct. A simple way to think about it is that it is a line such that the "distance" to the bankroll curve is the smallest.

pigpen, if you like, I can add the slope like for the $ graph. For other readers, the slope is the % per session.
  #296  
12-12-2007, 8:15 AM
didimaketherightplay
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Posts: 70
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
  #297  
12-12-2007, 10:14 AM
pigpen02
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Quote:
Originally Posted by didimaketherightplay View Post
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
I gather you have no % bankroll limiting plan but a "I will risk this much because what I will have left is enough" plan. If it works for you, OK. Generally, that won't work in the long run, though. Consensus is that you are still not bankrolled enough to play 5.5 sngs much less 1/2 NL.
  #298  
12-12-2007, 2:35 PM
Chris_TC
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Quote:
Originally Posted by didimaketherightplay View Post
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.
Well, since you're participating in this thread, I would think that building your bankroll takes precedence over cashing out.

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.
  #299  
12-12-2007, 3:11 PM
pigpen02
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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!

  #300  
12-12-2007, 3:41 PM
pantin007
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Posts: 4,497
the graph still looking pretty good,pigpen
  #301  
12-12-2007, 3:43 PM
pantin007
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i dont want to post my graph quite yet
in 1months time l will when i hit 500days of play
  #302  
12-12-2007, 6:28 PM
DetroitJimmy
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Location: Trenton,Mi
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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.
  #303  
12-12-2007, 10:47 PM
Chris_TC
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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.
Attached Images
File Type: jpg ChrisTC_bankroll2.jpg (36.9 KB, 45 views)
  #304  
12-12-2007, 10:48 PM
sms3484
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Posts: 27
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?
  #305  
12-12-2007, 10:55 PM
Chris_TC
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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%!
  #306  
12-12-2007, 11:16 PM
Boltneck
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Location: Leicester - UK
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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!
Attached Images
File Type: jpg Boltneck_perc.jpg (36.5 KB, 44 views)
  #307  
13-12-2007, 1:20 AM
Cheetah
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Quote:
Originally Posted by Chris_TC View Post
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.
Chris, if that happens, I will change the best-fit line to best-fit curve, either for everyone or as a separate graph.

The way we will know is when the best-fit line is consistently below your bankroll curve.
  #308  
13-12-2007, 1:24 AM
Cheetah
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Quote:
Originally Posted by pigpen02 View Post
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!

Perhaps I should change it to a solid line?
  #309  
13-12-2007, 3:50 PM
pigpen02
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Location: Albany, Georgia
Plays at: FTP & PS
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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.
  #310  
13-12-2007, 4:01 PM
pigpen02
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Quote:
Originally Posted by Cheetah View Post
Chris, if that happens, I will change the best-fit line to best-fit curve, either for everyone or as a separate graph.

The way we will know is when the best-fit line is consistently below your bankroll curve.
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.