A new plan on building bankroll?

petey5o

petey5o

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heres what i'm thinkin about doing tell me what you think.
If you play on full tilt your probly familiar with the token Sngs.
Grind it out in 6 handed sngs, 5-10 dollars. My stats are pretty decent in.
Get up 20-30 bucks.
Play for 26 dollar tokens with the winnings. say you win 2.
Use those 2 for a 75 dollar token. Say you win one.
Play in a 75 dollar 9 seater.

Now keep in mind if you can win money in the sngs, then you cant lose money, Your bankroll can take huge leaps if its around 200 bucks. From cashing in a 75 dollar 9 seater, Which in all reality you payed nothing to play in. What do you think?
 
the_urge27

the_urge27

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this depends on how much youre at right now with your bankroll-its best to stick to the no more than 5% rule or else youre just asking for trouble-now with that being said if you feel like taking a shot anyways there is nothing wrong with that-but if your bankroll can sustain the plan you have by all means go for it-the_urge27
 
dufferdevon

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From cashing in a 75 dollar 9 seater, Which in all reality you payed nothing to play in. What do you think?

No, you paid $75 to play in it. It doesn't matter how you got the money, it is YOUR money now. Not some, if I don't use it I will lose it, bonus money. There are no short cuts to proper bankroll management, you may get lucky but keep playing over your limit and you will go bust.

By your definition, if I start with $100 and go in a $10 SNG and win $45, I should use the $35 profit to enter a big buyin tourney, because its not really my money? Well now I have $135 in my BR but if I lose the tourney I am back down to a $100.
 
Makwa

Makwa

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7 words:

Bank
Roll
Management
Chris Ferguson
Variance
Ignorance
Hubris

well thats 8 but I hope you get it
 
kmixer

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What (where on FT) are these token games?
 
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petey5o

petey5o

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you guys must not understand....if i do good in sngs...I CANT LOSE money Playing in a token tourney. Or gettin th 75 dollar token into a 9 seater...Yeah you say i can lose money its my money now. Worst case scenario, im back where i started. So i dont see the harm in it. My br right now is right around 200. With a 3rd place in a 75 dollar 9 seater....it would be over a half of my bankroll...and if i dont cash...im back where i started...time to grind it out some more....i mean i use proper bankroll management...with a 200 dollar roll i wont go buy in a 20 dollar tourney or sng or anything like that. the only time i play in bigger tournies are with these tokens. i dont see the harm or how this is going against br management
 
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j0sh1ngU

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worst case scenario is your not gonna win everytime so your bankroll will slowly diminish. and that 75 dollars can be used for other things.
 
Exit141RTe1

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I would think any stratagy that requires a win every time you play is admirale, but unrealistic. Long term I don't see how it works, but, good luck its you money.
 
petey5o

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no you dont have to win everytime, if i typed that i didnt mean to...im saying get up 20 or 30 dollars playing $5 6 handed sngs...i mean this might take and hour, this might take 3 days. who knows...then and only then start playing for the tokens with the profit from the sngs...if you dont win the tokens...start over.
 
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mickyb

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It sounds like you are only bankrolled for $5 SnGs at the moment - I'd suggest just grinding it out, keep building up those lots of $30 that you mention and slowly but surely build your bankroll to the levels to play $10 SnGs - unless you think the standard there is much higher.

Buying in for 5% isn't that conservative in terms of BR management. If you risk your good days' work in the way that you are suggesting, which almost nine times out of ten will lead to you losing $26, then you are much more likely to find that a bad streak causes you to lose a significant proportion of your bankroll - then you'd have to move down a stake, which noone likes doing.
 
petey5o

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heres somewhat of my stats...
in $5-10 3-9 person sngs...i've only played in 127. cashed 53 times. 42 percent. and have a 10 percent ROI.
and playing the tokens...i've bought in 88 times to the $8.70. and won 35 tokens.. thats about a 140 dollar profit.
Maybe you guys say i dont have enough data I dont know? but those looked good to me
 
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makeitrain

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This works sometimes on bodog:
Enter a beginner tourney and just sit out.
Most of the players are really aggressive and will knock 5-8 out before ur afk
chipstack depletes. Lol I did this one day with 5 tourneys all at the same time.
Spent around $30 for buy ins and made like $32. So guess its plausible to grind?
 
zachvac

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Yeah I mean if you built your BR from freerolls and have 10k just buy into the wsop ME. After all worst case scenario you're back where you started.

Basically OP where you started is irrelevant. What matters is where you're at now. If you want to gamble (although still +ev if you're good, just extremely high variance and risk of ruin) this strategy is fine. If you want to build a BR what you're doing is not good.
 
petey5o

petey5o

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Yeah I mean if you built your BR from freerolls and have 10k just buy into the WSOP ME. After all worst case scenario you're back where you started.

Basically OP where you started is irrelevant. What matters is where you're at now. If you want to gamble (although still +ev if you're good, just extremely high variance and risk of ruin) this strategy is fine. If you want to build a BR what you're doing is not good.



Im so d*** sorry for posting this....i guess i dont see how you can compare losing 30 dollars (not near your whole bankroll)....to losing 10k (your entire bankroll)...gettin the money the same way. come on people i know what bankroll management means. Okay i dont need any lectures. Not once yet as anyone understood the concept im trying to get across in this thread
 
zachvac

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Perhaps I didn't understand. Before you play the $75 tourney, what is the amount in your BR? What could you withdraw from the site if you didn't want to play in it?
 
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teeko

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Risky

Hey its definetley a risk reward kind of thing. I would lean more toward keeping those. BAnk roll management. U still losimg the money just cause it was profit doesnt mean its like it doesnt exist. Maybe i misundersood but sounds risky.
 
KyleJRM

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How is this plan different from any other plan that involves taking a lot of money and gambling it once you are ahead?
 
petey5o

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Perhaps I didn't understand. Before you play the $75 tourney, what is the amount in your BR? What could you withdraw from the site if you didn't want to play in it?



you cant cash out a 75 dollar token...all you can do with it is play in a tourney. plain and simple. you cant turn it into cash whatsoever. let me try to explain this process with well rounded numbers as best as possible one more time.

Starting bankroll - $200
(play 5.50 6handed sngs for 5 hours.)
new bankroll - $240
4 buy ins 18 person $8.70 token tourney. 6th gets $14 top 5 get $26 tokens
win 2 tokens.....new bankroll $205
use 2 tokens for 9 seater, top 2 get $75 token, 3rd gets $66.
say win 1 $75 token. (if you happen to finish 3rd in one however new bankroll would be $271)

now theres only one more step as of now you would have:
bankroll of $205
1 $75 token

use $75 token....9 seater. 1st -$310, 2nd - $186, 3rd - $124

if you dont cash you have
bankroll $205....5 dollar more than you started the day with and racked up a crapload of ftps. However if you do cash you just won 50% of your bankroll, not dangering your bankroll in anything more than $5 sngs.
You guys say this is improper bankroll managment, and your investing money you shouldnt. I look at is as the only thing i might be investing in is Time. If i play all day and give myself a chance of doubling my bankroll, but in the end break even. I dont feel bad at all, i enjoy playing. If this all worked like the example above, you got in the 9 seater and finished 1st at the end. Your new bankroll would be $515, which would take a ton of playing in a matter of weeks to do playing $5 sngs. The point im tryin to make is grind it out with a small profit everyday. Or have 10 break even days, if your running bad in the $5 sngs wait til the next day. Then one day where you double your bankroll?
Does this make it any clearer?
 
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petey5o

petey5o

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How is this plan different from any other plan that involves taking a lot of money and gambling it once you are ahead?


how is investing $8.70 in a 26 dollar token sng, after your up say 30 on the day, how is that investing a lot of money? once again how bout read it all b4 you reply.
 
Makwa

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no you dont have to win everytime, if i typed that i didnt mean to...im saying get up 20 or 30 dollars playing $5 6 handed sngs...i mean this might take and hour, this might take 3 days. who knows...then and only then start playing for the tokens with the profit from the sngs...if you dont win the tokens...start over.

Put your fking shirt on you are blowing wind../. you are getting good advice here and reacting like a child who does too many situps
 
petey5o

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Put your fking shirt on you are blowing wind../. you are getting good advice here and reacting like a child who does too many situps


im blowing wind...yoru blowing something else...you got something to say usefull say it...you dont post garbage somewhere else. i typed more info further down. got that good?
 
zachvac

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Starting bankroll - $200
(play 5.50 6handed sngs for 5 hours.)
new bankroll - $240
Does not compute. What happens when you lose? That's what BRM is about, you don't always win. You won't always even get to the $75 token.

Basically you're saying "well it's easy to win $20, so I'll go win $20, then just gamble with it".

How is your situation any different from making $20 and using it to bet on roulette a few times in a row? If you lose you didn't lose anything from the start right?
 
petey5o

petey5o

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once again how are you comparing a game of nothing but luck, with bad odds...to a game where your playing other players? of course your not always gonna win money playing the sngs. But i am 100% sure i can beat the $5 6 handed sngs...100 percent sure i can beat that level. AM i gonna beat it everytime NO. will i beat it in the long run yeah. So yeah some days i'll lose money in them and not have to go after my tokens, but those days will be far less than the others.
 
Dwilius

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I understand what you're saying Petey and I think you have enough of a bankroll to do this and your risk of ruin is not great. The risk you're taking is either to speed up your progress ($300 at once) or slow it down (all those +$40 sessions before starting over add up)

The other people in this thread understand too and they are advising you against using your winnings this way because when you do go on a losing streak you won't have that extra reserve to fall back on (10% ROI isn't immune from variance)
 
petey5o

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I understand what you're saying Petey and I think you have enough of a bankroll to do this and your risk of ruin is not great. The risk you're taking is either to speed up your progress ($300 at once) or slow it down (all those +$40 sessions before starting over add up)

The other people in this thread understand too and they are advising you against using your winnings this way because when you do go on a losing streak you won't have that extra reserve to fall back on (10% ROI isn't immune from variance)


what you have said is the best yet. Like im in no rush to cashout or anything. So if this failed 20 times...and i was back where i started i wouldnt be dissappointed. If i ran bad for a while in sngs and lost 50 bucks i would not be dissappointed, as long as i know im makeing the right decisions, i have no worries. I want to make correct decisions, over making money because i know in the long run if you make correct decisions you'll make money. I guess if i sit and just play $5 sngs i have the same positive or negative towards my bankroll as i do, this way i described. Like you said it might take longer, it might not. I don't know just when you win 3 digits at one time, you just feel great. if my BR went from 200 - 500 in a day...i would feel great. If my BR went from 200-500 in 2 weeks of sngs, i would feel wore out. But thanks for the best input on the subject yet.
 
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