Different Approach to Bankroll- auto replenishing "Fun Roll"
OK...I'm working out this idea as I type it.
I've read a lot about bankroll management, and I understand the purpose and wisdom. But I really think that "traditional" BRM guidelines make the most sense for professional players who are relying on poker for income, or who (for some other reason) could never scrape together another bankroll as long as they live. (maybe an ultimatum from wife. maybe a personal promise or challenge from a friend or relative).
I think there are many other players who, like myself, take poker very seriously and strive to improve our game and become/remain winning players, but are never considering becoming full time pros. Many of us have jobs which provide some disposable income and traditional strict BRM guidelines might be a little overkill for our goals and needs. Not that there would be anything WRONG with following traditional BRM, but can we explore the idea that for serious amateurs with consistent external income we might be able to be more lenient with an auto-replenishing "fun roll"
Here's what I'm thinking.
You take a certain dollar amount or % of your monthly net income
that you are willing to devote to your "fun roll". So, for me after all bills and expenses are paid in a month, after doing all the responsible and prudent things that a working mom should do, after saving for retirement, saving for a rainy day and saving for other family fun such as vacations, I have $150 a month left over that I can put into my "fun roll".
Fun roll management guidelines would be something like this: no more than 33% of your fun roll can go into any 1 SnG. No more than 20% of your fun roll can go into any 1 MTT. No more than 50% of your fun roll can go into any 1 cash game buy in.
on day 1 my fun roll would have $150.
- with a $150 fun roll I could play $50 SnG or a $30 MTT or buy in for 75bbs in a .50/1.00 cash table.
after the month I manage to break even. At the end of each month, you take 50% of your remaining fun roll and set it aside for a rainy poker day. you keep the remainder in there and add your next month's fun roll.
so on day 31 my fun roll would have 75+150 = $225
- with a $225 fun roll I could play a $75 SnG or a $45 MTT or buy in for 112bbs at a .50/1.00 cash table.
after 1 more month I manage to break even again. so I take half my remaining fun roll and set it aside for a rainy poker day ($112) and I keep the remainder $113 in there and add my $150 to it.
starting on day 61 my fun roll would have $263
-with a $263 fun roll I could play a $80 SnG or a $50 MTT or buy in for 60bbs at a $1/2 cash table or buy in for 100bbs at a .50/1.00 cash table.
you get the idea.
what about the rainy poker day fund?
well, if at any time you go bust in a month you are allowed to access up to half of your rainy day poker fund for the remainder of the month. (after a cool off period. I'd say 24 hours is a good cool off period).
after 12 months, you can use any portion of the rainy day poker fund up to 100% to buy yourself into a "once a year" tourney. For me, this would be 1 or 2 WSOP
If at any time during the year you go completely bust, then you are out of action until next month when your fun roll auto replenishes and you get to start over grinding the small stakes again.
I think the fact that many of us poker players with jobs don't get an opportunity to play a lot makes it so that spending up to half of your monthly bankroll in 1 night is not that big of a deal since we maybe only get to play a few times a month anyways. So, if you have a bad month you just play twice instead of the 4 or 5 times you normally would.
ideas? thoughts? feedback? anybody else employ a similar method? do you see any weakspots?