Originally Posted by doulikewaffles
I'm asking for anyone/someone to help me out with a bankroll management plan for pokerstars. I can't make my own because I know it will be biased, I feel like if I read someone elses that is given to me I could stick to it better.
My bankroll is $40.
Make it however you like.
With $40, stay at the $.01/$.02 cash games.
For single table S&G's, stick to the $1.20 games. (Rake is a ripoff at this level, so moving up to $3.40 would be better, but those are too risky for your bankroll).
Ditto with bigger S&G's and MTT's.
If you're doing well in the S&G's, feel free to try the $2.20 90-player S&G's. They're fairly soft.
My story is that I deposited $50. I got really bored at $2NL and made a deal with myself that when I made $20 profit I could use it to play higher stakes games. If I lost the $20, I'd have to earn $25 before taking $20 of that to a higher level. And if I lost that $20 I'd have to earn $30 before taking $20 back to the higher level games. And if I lost that, I'd have to make $35 more before taking $20 of it up. So basically, if I lost my "set aside" bankroll I'd force myself to win even more (thus increasing my bankroll) before moving back up. A $5 penalty the first time, a $10 penalty the second time, a $15 penalty the third time. So by the third time, I'd have my starting $50, plus the $5, plus the $10, plus the $15 (total of $80) in my account in addition to the $20 "set aside" money I take to the higher stakes.
I hated playing the micro limit games and it caused me to donk off $ with bad calls from boredom. When I put this rule in place I earned the $20 pretty quickly because I could see that the end was near. And when I moved up with the set-aside $20 I knew that every loss was taking me one step closer to moving back to the donkey games, so I quit making this "oh it's just a dime" calls. It kept me on the straight and narrow and I never went back. That $20 turned into $300 before I moved up.