Originally Posted by vinylspiros
how extremely unlucky r u talking about? if he loses 25 full buy ins? or if he moves down a level after having lost his 6-7 out of 25 buy ins and lost at the lower level too. its HIGHLY UNLIKELY for someone who practices proper bankroll management to go broke. unless they SUCK!!
OP has made this interesting by stipulating that we're ONLY
talking about live poker - and that brings about a huge issue. There's only so many levels you can drop down when you're playing live. $1/$2 is about as low as most casinos go. You can't make up volume by multitabling, because you're playing live.
Say your regular game is $5/$10 and you're making a living playing in that game. There's only a couple of levels below that you can drop to if you run bad and need to rebuild your bankroll. And it takes a lot longer to rebuild your roll at that lower level because like I said, you can't multitable to bump your volume up and live poker is slow, but at the same time, your expenses are unchanged.
Congrats to OP for following correct BRM and never going broke. Just because you've been able to do it doesn't mean everyone who does the same thing will be safe though - or indeed that you're guaranteed to be safe in the future.