re: Poker & STARTING BANKROLL AND LOSING IT
Originally Posted by BEAST MODE
Ok so most people know that starting out in poker you need a bankroll. General rule is to start with at least 20 buy ins. So at a live 1/3 game with a max buy in of 300 you would want to start out with a roll of 6000. Now the real question. Say you save that roll and start playing and lose it all that year.
DO YOU START OVER AND KEEP PLAYING OR DO YOU CALL IT QUITS FOREVER?
Depends on your goals. I've blown up a few 'rolls myself. Yeah, you occasionally hear about that guy who went to 'Vegas, played some Poker, never went home and never looked back. It happens, and someone wins the lottery.
Most pros have gotten broke multiple times, and there have been occasions where I was scraping the bottom of my 'roll. You need to ask yourself why it happened, and give yourself an honest answer. Was it because you aren't as good as you'd like to believe? Was it due to bad habits? Was it variance?
*) Over estimation: We'd all like to believe we're the next Durrrr/Hanson/Negraneau/(Insert name of fav pro here) but you need to honestly assess your skills. Are you really as good as you think, or are you being outplayed by better players?
*) Bad habits: When you hear yourself tell yourself that you're going to pop on down to the casino to pick up a few hundred, that's Badthink. You're headed for a disaster.
Bad habits: mine were the Crap tables and the stock market. I got royally phucked in the "Dot Com Bust". I hear all the time about rigged RNG's (especially in regard to Poker Stars
) but Wall St. is the crookedest casino in the entire world, bar none.
That meant staying away from the Crap pits, and investing in what I know best: cards, not stocks and options. As for quitting forever, that was never an option. It may be different with you, I don't know.
*) Do you get stubborn and refuse to step down? It's no disgrace to play smaller than you're used to to recoup after losing a few stacks because your opponents kept hitting one and two out miracles.
Also I do know that some big name pros have went broke more than once, but do any really grind it out all day or did they get ahead like they are because of a few HUGE tournament wins?
Cash game play and tournament play are two very different things. Some pros make it big with tournament winnings and throw it all away at cash games, and vice versa
. Stick with what you do best most of the time. Mike Caro is one of the best cash game players, but is relatively unknown because he doesn't play that many high profile tournaments. Phil Helmuth has enough bracelets to cover both arms with plenty left over, but his cash game doesn't impress me in the slightest.