Let's Build a Bankroll: Version 2.0!
In honor of Chris_TC's epic thread in the months past, I wanted to get this going again. It involved a large number of regular posters and helped everyone out with their bankroll management.
To those who never saw it the first time, simply pick a date when you made your last deposit or just a random starting point (typically a number value that will be easy for percentage calculations in the future like 50, 100, etc.)
I'll start with mine. After a couple of rough runs in the past, I used only Full Tilt Points to gain $26 tokens and come back so I really started with nothing, but for the sake of the thread and also to keep my increase percentages from being ridiculously large looking, I'll say I started at $124, which is what I had after I managed to win a few SNG's with those tokens. I'll recap my last 8 days or so with a brief overview of my play and how I did on the day.
Because I'm a high volume SNG/MTT player, my fluctuations (upswings/downswings) will probably much higher than ring game grinders, so be aware of that fact. To calculate your percentages, simply divide your present day value by your first day's value (i.e. day 2/day 1 = 165%). I color coat mine as a means to see where I was struggling so that I can look back at my play on those days via poker tracker to see what went wrong and how I can improve my play.
Day 1: $124 (100%)
Day 2: $205 (165%)
Day 3: $360 (290%)
Day 4: $608 (490%)
Day 5: $814 (656%)
Day 6: $725 (585%)
Day 7: $624 (503%)
Day 8: $876 (706%)
Day 9: $1,275 (1028%)
Not much to say, I had a sick run with SNG's cashing in the 55% range during day 3 through day 5. Downswing occurred just after as I had trouble getting things going. A ton of fourth place finishes and poor reads on my part along with a rough streak of cards all culminated in a few poor days. The past few days of been littered with big cashes in MTT's and solid SNG play. Yesterday pushed be +$400 for the day and got me over the 1k hump which is always good.
Hopefully we can get this up and running again and help end all of these threads of people using their entire rolls in one sitting and wasting away their bankrolls with poor management.
Remember, try to stick by these guidelines. You can make a judgment call on occasion with the percentage points, but there is never really any reason to exceed past 1 or 2 percentage points of what is suggested
1. Never buy into a cash game or SnG with more than 5% of your bankroll.
2. Never buy into a MTT with more than 2% of your bankroll.
3. If at any time in a no-limit or pot-limit game the money on the table represents more than 10% of your bankroll, leave the game when the blinds come to you.
These are Chris Ferguson's rules to abide by and they will ensure that you don't waste through your bankroll.
Here's to building everyone's bankroll...again