BankRoll Question

I am wanting to build a decent bankroll and have a hard time doing so? I played in 90man ko and placed 3rd and later played another one came in 6st place, the next day lost everything. My question is what is the best way to build a decent bankroll on Full Tilt?

Teh link to that page is: Online Poker at Full Tilt Poker - All Promotions: Chris Ferguson Challenge

Read it, but following it is the tough part. Most players seem to want instant success and BIG profits - quick. Doesn't work that way.

The best way to build a bankroll is to make sure you have plenty of buy ins for whatever level your playing. Determining how many buy ins is the tricky part. It depends on many factors and only you should know what your comfortable with. But if you continue to play with poor BRM and use high risk strategy, then your likely to go busto fairly soon imo, it's that simple!

i recommend not losing your roll also

The "Jesus" Ferguson article is a very good one and was instrumental in turning me from a losing player to a winning one.

In the first year and a half I played online I lost a LOT of money because
1. I wasn't as good as I thought I was and
2. I played any level tournament I wanted to with complete disregard for my bankroll.

When I went broke, I just reloaded.

The beauty of having a BMS (Bankroll Management Scheme) is that, not only does it lower the chances of you going broke, it shows you what level you should be playing at.

A strategy I recommend is "The Steps". This can be used in STTs, MTTs or Ring but I will explain it with STTs.

You start off with the lowest possible STT buy in on your site.
If you win you progress to the next highest level. If you don't you stay where you are.
As you move up in the levels the strategy changes a little. If you win you move up, if you come second or third you stay at that level and if you lose you move down.

Fairly soon you will be able to see the level where you are competent.

Like the others have said, try to develop a bankroll management plan like the one Ferguson used and stick with it. Now I think the tough part is the latter, which is sticking with the whatever management plan you come up with. For instance, Ferguson's rule states that if at any point in a cash game, the chips on the table represent a certain percentage of your bankroll (I believe 10%), you need to leave the table. But from what I have experienced and have heard from some others, it's tough to leave when you're running well.

Also, out of curiosity, has anyone created a bankroll management tracking spreadsheet? I have one that I created through Excel but it's all convoluted and not sure if that's the best method for me to track.

imo the best way to build a br at least for me is to grind out the single table 6 or 9 hand sng's your not gonna hit it big quick but if you play a decent game over time your br will slowly but surely increase me myself i prefer the 6 hand sng's top 2 make money and in my expierence its fairly easy to squeek ur way into the money quite often...........barring the bad beats but as we all kno they do happen............what do they say???..........."ahhh well thats poker".........

Chris Fergoson

and

dont play just to play
think about it before hand

When you lose 10% of your bankroll, no matter if its a bad beat or a stupid call quit for the day. Especially playing online it is easy to go on tilt and donk off all your money when your really pissed off. Be careful and follow the 10% rule. There will always be games going, no need to rush.

Also, in case anyone is interested, here's a link to the PokerEdge podcasts. If you scroll down to the 10/5 podcast, that's where Phil Gordon talks to Chris Ferguson about bankroll management.

Thanks for your invaluable input

I always see everyone saying the Chris Ferguson method. A good method if you know how to play and have a winning strategy. For anyone learning I feel you should allow yourself twice as many buy ins as he recommends.

I agree with what most of you guys are saying. I have tried to build a bankroll using the Ferguson strategy. It is a slow process and patience is you enemy if you lack it. I find I fall off quick and land in a zone of no funds for some time. Be patient, and the money will happen.