Tips for making it full time. Bankroll management. Tilting. £500 to £10k

I am a good poker player but have finally realised tilt majorly affects my game and basically gambling.
Playing Holdem only multi tabling I have proved I can make a good profit.
My problem recently is found a love for Omaha. And the variance is to much especially as I have also been playing 5/6 card Omaha mainly which is basically gambling. But I have won some big pots and eventually lost so much playing the game that its forced me to take a month off. Lost my bankroll from going on tilt and playing silly stakes on the chaser and feeling very bad about it after.
My other problem with bankroll management is risking to much of my bankroll because I want to win and build as quick as possible. Stupid I know but my computer I currently play on is not very advanced so only trust to play 2/3 tables if that. So I tend to play 2 tables risking a big chunk of my bankroll.
Being so close to Xmas I've excluded myself from all sites for 30 days to cool off and going to use this time to improve my game and study ways to do so. I watch an awful lot of video blogs on strategy and study hands. Never have I bought a poker book yet. I'm going carry on playing live for now.

My plan is late December start of January to start again.
£500 will be my bankroll.
My aim is April/May time £10,000.
Will probably play 4 tables at a time cash game.
Occasional tournaments.
I also am going to invest in Holdem management.
Strictly not going to play Omaha either. Just Holdem.

Questions I have..
Do you think my goal is to much?
What stakes should I start out at?
What site do you think?
Ways to prevent tilt?
Percentages of my bankroll to risk 4 tabling with £500? ( $800 )
Also do you think Laptop or PC?

Other tips.

Any other tips or advice people wish to share would be helpful.

Use part of that bank to buy a decent computer. I use a laptop but anything is fine.

Your goal seems unrealistic to me, can't be bothered to calc win rate for this but I think it must be high.

Best way for me to avoid tilt was to be always at least 60BI deep and even then there were times I was majorly pissed off (losing 18-3 in set-over-set situations in one month does that to a person ).

Stay out of tournaments, you can't take the variance.

$500 --> $10,000 in 4 months using good BRM and playing 4 tables is very ambitious. And I wouldn't consider going full time (if by that you mean relying on poker for your sole source of income) until you are a proven winner at a decent stake and have completely overcome your tilt issues.

Hi, for me maybe your goal is very ambitious, it is not impossible but
All i can do is wish you good luck, never forget about BRM and let us know how is going.

micromachine said:

$500 --> $10,000 in 4 months using good BRM and playing 4 tables is very ambitious. And I wouldn't consider going full time (if by that you mean relying on poker for your sole source of income) until you are a proven winner at a decent stake and have completely overcome your tilt issues.

Click to expand...

This. You need to jump from 30 BB 25NL to 50 BB at 200 NL playing 4 tables with good BRM. I do not think you can cover the difference in skill in such a short time having a proper BR for every lvl . Because you need to learn you cannot play more than 4 tables. Because you cannot play more than 4 tables you cannot increase your BR from 500 to 10k in such short time.

Tgoat17 said:

Questions I have..
Do you think my goal is to much?
What stakes should I start out at?
What site do you think?
Ways to prevent tilt?
Percentages of my bankroll to risk 4 tabling with £500? ( $800 )
Also do you think Laptop or PC?

Click to expand...

Probably to much. Given you're new to the game, you want to aim for small goals. Like; aiming from £500-£1k is a good start. Also in general I wouldn't advise on $$$ goals when you're starting out and just focus on playing x amount of hands, posting hands in the forum and just looking to improve. Main goal should always just looking to see if you're playing your hands correctly; profits come afterwards.

As for limits, this depends. Can you deposit if you go bust? If so; you could start at 25nl, if not then just work your way through the limits beating each limit first. Start at 10nl, grind to £1.2k then move to 25nl etc.

If you're wanting to get in some good volume, pokerstars is good. Given you say you can only play 4 tables at a time; probably a UK site would be better given how soft they are.

Ways to prevent tilt, I'd advise reading a Jared Tendler book for a start. Become more disciplined, if you really, really want to make it as a pro then you shouldn't have any issue fighting tilt. If you still do; then either you don't want it as much as you think you do or poker just isn't for you playing professionally.

You can put 100% of your roll on; if you can play that many tables and are playing correctly. It doesn't matter really. If you play 25nl; then playing 1 table or 4 tables wont make much difference and your percentage will be a buy-in of whichever stake you play.

Just use whatever you feel comfortable with. Playing 4 tables will have no difference on a laptop as opposed to a PC.

Sites
888 poker and william hill/Titan are far softer than pokerstars...
(I never listen to my own advice) and play majority on pokerstars .. I but the table selection at Pstars is good.
but for sure games are softer on 888 / WH/Titan.

as for tilt if you give yourself 100 buy ins for a level losing 2 or 3 buyins should not even make you blink you need to find a stake your happy with and bad beats come in cycles and your going to get some horrendous bad beats so you better get use to them laugh at them and deal with it.

If You want to be a proffesional you have to rise above the tilt donks and the degens

30 days off is about as good as 3 days off if you to nothing to address the underlying reasons you tilt.

Do 30 days worth of work in this area.

If you are likely to tilt, then putting a smaller % of your bankroll in play at a time is better. Start at a stake that you are pretty sure you can beat. How much experience do you have playing? Have you been a consistent winner in the past at a certain stake? If you have, then you could take a shot at 1 limit higher if you feel like you still have the same skill level and aren't too rusty. I think your goal to make 10,000 is fine, but I don't agree with putting such a short time constraint on that goal. This is a better long term goal, and like someone else said, set a smaller short-term goal of doubling your bankroll, then doubling it again as your next goal, etc. If you haven't been a consistent winner in the past, then start at the very lowest stakes until you can beat those games consistently before moving up regardless of how big your bankroll is in comparison to the buy-in. For me, I don't feel comfortable having less than 50 buy-ins in my BR for any given level. In general, when my comfort level increases, I will never buy in to a game for more than 5% of my bankroll, and I will never have more than 10% of my bankroll in play on a single table.

Honestly with 500$ you should be playing 10nl. If you are actually good enough to grind up to 10k you should crush that and quickly move to 25nl, when you reach about 800 euros. Always maintain a 30 buy in minimum, I would recommend more usually but if you want to move up quickly aggressive BRM is necessary.

Tilt problems cannot be resolved that easy. It is as hard or even harder than actually learning poker. There are players that are going from being iddiots to great poker players just resolving their tilt problem. When that fog covers your eyes you loose in one hour more than you can make in one mounth playing decent poker.

I also think that this is little unreal aim. I think the best site to try this is Full Till, and not Pokerstars, just my opinion, and if you are playing at 4 tables the same time, you should expect to make some bad decisions from time to time, so you should be carefull when you do that.

What happened to your £10,000 Bankroll?

Have you at least increased your Initial $500?
I really hope so.

I like the goal, yes while it is ambitious the right heater and right player will get you to that goal. Tilting and overcoming that is in your mind, because we all take bad beats, you just have to take a step back because we do it to people as well. I would start with 1/2 then when you get some sort of roll going, I like the idea of double or nothing sit and go's. As for site, that is totally up to you, I would choose either Bovada or the winning network.. Keep us posted and good luck to you...

Good for you if you can level up your bankroll in 4 months time.

Strict BRM system and patience will carry you on further.

Good luck on your goal.

In your position I would rathole at lower stakes - join a table and then quit once I double my pot...maybe even make sure that I am Always at a minimum of 50 bb.
That way you don't risk your winnings and you're playing a small enough stack for people to make mistakes.
I would keep to the max level of buyin religiously according to this table:

Blinds: $0,01/0,02
Buyin: $1
Move to higher stakes: $50
Move back to $0,01/0,02: $40

Blinds: $0,02/0,04
Buyin: $2
Move to higher stakes: $140 (40 buyins at $0,01/0,02 + 50 buyins at $0,02/0,04)
Move back to $0,02/0,04: $120 (40 + 40 buyins)

Blinds: $0,05/0,10
Buyin: $5
Move to higher stakes: $370 (40 buyins at $0,01/0,02 + 40 buyins at $0,02/0,04 + 50 buyins at $0,05/0,10)
Move back to $0,05/0,10: $320 (40 + 40 + 40 buyins)

Blinds: $0,10/0,25
Buyin: $12,50
Move to higher stakes: $2070 (40 buyins at $0,01/0,02 + 40 buyins at $0,02/0,04 + 40 buyins at $0,05/0,10 + 50 buyins at $0,10/0,25)
Move back to $0,10/0,25: $320 (40 + 40 + 40 + 40 buyins)

Blinds: $0,25/0,50
Buyin: $25,00
Move to higher stakes: $945 (40 buyins at $0,01/0,02 + 40 buyins at $0,02/0,04 + 40 buyins at $0,05/0,10 + 40 buyins at $0,10/0,25 + 50 buyins at $0,25/0,50)
Move back to $0,25/0,50: $820 (40 + 40 + 40 + 40 + 40 buyins)


etc, etc, etc - that way you are not risking too much of your bankroll, but it will instead depend heavily on your skill and should start you off with something like...ermm..150:ish buyins, and you would only need to double up your buyin about 200:ish times (plus all the buyins that you will lose, ie win 3 lose 1 and you've only doubled up 2 times) in 3 months. That's, just over 2 double ups a day...sounds doable to me.

For tilting...if you feel like you're tilting, set up a rule for yourself, like if you're tilting you have to go back to 0,01/0,02 and double up at three tables in a row Before you can resume at your current level.

Does that make sense?

Dezastor said:

In your position I would rathole at lower stakes - join a table and then quit once I double my pot...maybe even make sure that I am Always at a minimum of 50 bb.
That way you don't risk your winnings and you're playing a small enough stack for people to make mistakes.
I would keep to the max level of buyin religiously according to this table:

Blinds: $0,01/0,02
Buyin: $1

Does that make sense?

Click to expand...

Disagree...
With 0,01/0,02 the buyin x 100 = 2$
You can easily go down 1$ and go back to your Initial 2$.
I will consider a success make 0,50$ in a table after 30 minutes and close it.
In microstakes you have to fight hard for small amounts.

All I can say is.. just do it.. reach ur goals... as high as possible. Just ignore negative comments along with ur thread. But.. don't underestimate variance.. stop when u are ahead.. so you should set winning limit also loss limit. But loss limit should be lower than winning limit. For example, ur initial investment is 500, you will stop a day's session until you make 100 profit (600 pounds), and you stop until you reach 50 loss (450 pounds). It helps me a lot. good luck.

Just make sure you are sufficiently bankrolled for the limit you're playing at, that means at least 20BI, 30 to be on the safe side. Set yourself "buffer zones" i.e. if you drop a certain amount of BI at a limit then drop down to a low limit.

Also the best way to avoid tilt is to play for the long term rather than the short term. Don't constantly check your cashier to see if you're bankroll has had any recent swings, that will only tilt you. Anything can happen in the short term due to variance, but in the long run (over 100k+ hands) then a winning player will show a profit. Making good decisions in poker is far more important than the amount of money you win in the short term. If a player hits a backdoor straight to beat your top set then that's a good thing - it means that same player and many others like him are going to donate to you the vast majority of the time when the draw misses. Don't think of losing big pots to bad beats, think of making money long term from their mistakes.

Read The Poker Mindset it explains everything about bankroll management and tilt.

Just make sure you are sufficiently bankrolled for the limit you're playing at, that means at least 20BI, 30 to be on the safe side. Set yourself "buffer zones" i.e. if you drop a certain amount of BI at a limit then drop down to a low limit.

Also the best way to avoid tilt is to play for the long term rather than the short term. Don't constantly check your cashier to see if you're bankroll has had any recent swings, that will only tilt you. Anything can happen in the short term due to variance, but in the long run (over 100k+ hands) then a winning player will show a profit. Making good decisions in poker is far more important than the amount of money you win in the short term. If a player hits a backdoor straight to beat your top set then that's a good thing - it means that same player and many others like him are going to donate to you the vast majority of the time when the draw misses. Don't think of losing big pots to bad beats, think of making money long term from their mistakes.

Read The Poker Mindset it explains everything about bankroll management and tilt.

IMO if you lose 20% of roll to take a break. And the way it sounds youre PLANNING on wining. IMO that is a bad way to go into it. You need to go into it expecting nothing only a learning and try to see a way to improve after every session.

People tend to think goals are good but I have come to believe they are many a poker player's undoing. What happens when you come up short of a weekly goal? Do you press or play higher stakes to reach an arbitrary figure? The best mindset for any poker player is to try and make as many good decisions as possible, play when you are rested and focused and quit when the game is no longer profitable or you are tired or frustrated.

Chop down your goals into chunks of bite-size pieces, is you are going to start at NL10 with 500BR probably your next small goal should be moving up to NL25 at 750BR to 1000BR up until the time you reach NL100.

Don't rush the journey, enjoy and learn from every step you make. Prepare your heart and soul as well, it will be tested and crushed from time to time.

Goodluck and may the heavens bless you!

Guys, you are giving advice but OP started this thread nearly a year ago and hasn't posted back since. He probably tilted off his roll the same day as making this thread then gave up poker