Bankroll Management

Sounds good to me. I think i'm always way too tempted to play for about 10%

BTW, Your fonts have gone a bit haywire in the middle though ??

It looks normal to me. However I typed it in Word, then copied it over.

When I changed font to Vedana size 2, some of it appeared smaller than the rest, so I wacked up the smaller parts to Verdana size 7 or something. It all looks normal font and size to me now, unless some gremlins are at work.

Perhaps I need glasses.

Yes, it was a little (OK a lot) wonky, but I fixed it. If it looks funky to anyone else let me know. (Nice post, btw. )

Thanks JQ,

Wierd, it looked sorted from this end. Maybe I need to upgarde my laptop to 2 hamsters instead of one.

Thanks for the help

I find that having a chimp working behind the scenes works best. Hamsters are just a rip-off.

I am happy to expand on this further :-

Lets assume a player has decided their game falls into the 5% bankroll level.

The safety net for reassessment I recommend, as we have established, is a 25% loss within the current week.

Now if it were only 10 or 15% that would mean potentially reassessing after only a couple of badbeats, or a few positive equity calls which didnt work out. This IMO is too quick. I will highlight it below (5% bankroll, NL example) :-

Level.............Buy-In..........Bankroll needed (@5%)
0.05/0.1..........$10..............$200
0.1/0.25..........$25..............$500
0.25/0.5..........$50..............$1000
0.5/1..............$100.............$2000
1/2................$200..............$4000

Lets say in this example a player has a $500 bankroll and is playing 0.1/0.25 NL. He is having a bad week, things really arent going his way at all, despite some good play. He manages to lose 25% of his bankroll over several sessions. Where does this put him? A: $375. This is still just over half way between the $200 and $500 bankroll levels. However to be conservative we reassess and probably decide to drop down to 0.05/0.1 to be safe.

If he reassessed at say 10%, this would mean a bankroll drop from $500 to $450 and it is difficult to say that a retreat on levels (next one down being $200) is really required at this point.

Hope this helps Good luck on your upward spiral

Welly

Great info looks like when I come back I will be playing just SNG for a while. Hopefully in a month or two will be able to play more often with more money. Looks like I will be relegated to the $1 SNG with a very limited budget for poker. Currently $30/month. Overplayed Got kicked in the but. Great info. I have learned so much from the CCcommunity. BTW is there an actual definition for a "professional poker player" ?

hehe thanks for the write up, ill certainly try to bring this up when i get desperate and tilty. Too bad i had to learn the hard way in the beginning.

Welly very good post on bankroll management......Many players don't take this in account when they play. Many players I talk to who want to play for a living have no clue on bankroll management. With the bad runs (cold spells) and Rushes (running good) they only remember the good runs........ I tell 'em to have a good starting bankroll and never over extend it or play in over your head limits cause if you loose your whole bankroll you are bankrupt...............Rock

Finally found a site with a no deposit bonus. Playing SNG's if I place enough will eventually move to ring games. Bonus is $10. Entry to SNG is 1.25 so above percentage. Now playing super tight in 6 seat SNG Been crippled by a couple of real loose calls like 83 off hitting str8. But oh well that's poker. Will let you all know If i move up. Thanks again for great advice

I usually start with a bankroll of $50, what % does that put me at?
When considering a cold streak, do I take into account those who beat me that obviously have no clue how to play poker, ie: betting, position etc, The ones who usually suck out with a 5-6os and such?
BTW, great post Welly.

Playin SNG's Single Talbe what Percentage of BR if your ITM 92% of the time?

92% ITM isnt sustainable over any decent sized dataset, so essentially the answer is the same in terms of what BR% to opt for.

200 sngs minimum really to get a rough idea of where your stats stand....preferably over 1000 sngs though.

If your ROI looks v.good after that, you could stretch to 7% of BR, but not any higher. Think about it like this :- do you think it impossible for you to finish outside of the money say 7 times on the bounce? The answer should be 'no', because it is certainly very possible for any player. That alone would knock out half your bankroll (at 7%). So, certainly no higher than that as a percentage.

Welly, thanks for all advice, It feels like you hit me where it hurts most (groin or whatever the name is in english, skrevet in Swedish =) ). My story goes like this. I start playing and lost , got advice from a friend that earn some playing NL (he has payed the house with the profit). Start playing at a new client with a lot of bad players. Earn some money and thought I was not so bad player. Then I start on levels that my BR couldnt cope with 5-7 bad beats. Now I am down where I started and decide to just enter with 3% of my BR. Note, I have four different BR, one for each game (Holdem NL, Holdem FL, Stud, Omaha). Do you think that is neccessary ? Thank for your advice, it certain my thought about BR.

Nothing wrong with that at all. It may slow down an upward spiral though.

If total BR is say $1000, and you split it in four (ie $250 BR for each), then apply your 3% to $250 = $7.50.

So, this could be seen as 0.75% of total BR (7.5/1000).

If you mean a different BR% for each game (eg 3% for this, 4% for that etc), then great...thats good.

good luck

I'm fed up with all bad beats that hurts my BR. I realized it will accure all the time frequently as long as you play at very low limits. I also would like to develop my skills in different games, I think it will helps me in the long run.
Funny is that I success better when I play live compared to on-line, it might worse player in my small town in Sweden

hey welly, you know of any good sites that offer a recording database of some sort? cuz i just started my new bankroll and im gonna only play MTTs that are 2% of my roll. I was gonna go to staples and pick up one of those nice 4 column books to start recording but if you can recommend something online that is free ill just do that.

oh yea i forgot to say welly this is a great post by the way. Im new to this forum i think this is my 3rd post but this thread is great.