Poppin that bankroll management cherry

Hey, I'm fairly new at this whole bankroll management myth... but i've heard good things about it. I usually seem to do the whole move up a level to early, get a whiff of easy cash... lose a quarter of my bankroll... then move up even more to donk it off even faster...

With that in mind i recently deposited at bodog and have worked my cash from 110 to about 135 just playing those 2.20 beginner tournies they offer and losing some through cheap mtt...

Anyway, i feel i have a grasp on this well enough to move up a little...

I was looking for opinions on moving on to either the 3$ turbo ones or the 4$ beginner ones

i'll probably play a little of both... i guess i;m really just making sure i'm doing this all kosher... I really wanna get my bankroll to rise consistently and get it nice and stable

and if any of you guys wanna play some cheap sit n go's with me there just lemme know, i would love to have my game analyzed.

Haven't got bank roll there have a little on FTP tho if you want to play hurry won't last long hopefully it does tho
GOOD LUCK on your bankroll tho

oh that bankroll management myth, someone please dispel it for me....

Going from a $2 tourney to a $3-4 is prob. not a big switch. I guess I would think you would keep doing what you have been doing until you get it up to $250-300 then move up. That way if you hit a bad streak you can catch your self when you get back to $150 and rebuild it again.

I need to start putting the BRM plan in action, theres always one night where I decide to be a "rebel" and go off and play on a ring table that i cannot afford to play on. The results usually aren't very good.

haha thats is exactly my problem too mizzou...

it only gets worse when they are good for me though, cause then i try to go up even more... and thats where i get had

I have a question about the size of your bankroll. I have X dollars at Full Tilt. If I had nothing else, that would be my bankroll. But, I have another X dollars at pokerstars and Absolute combined. Perhaps my bankroll is 2X. But, I have another 3X that was tied up with neteller and is just waiting to be deposited to some site. Perhaps my bankroll is 5X. But, I have withdrawn about 7X from winnings and I could easily put that back. Perhaps my bankroll is 12X. How do I decide how big a game/tournament to enter?

pigpen02 said:

I have a question about the size of your bankroll. I have X dollars at Full Tilt. If I had nothing else, that would be my bankroll. But, I have another X dollars at PokerStars and Absolute combined. Perhaps my bankroll is 2X. But, I have another 3X that was tied up with NETeller and is just waiting to be deposited to some site. Perhaps my bankroll is 5X. But, I have withdrawn about 7X from winnings and I could easily put that back. Perhaps my bankroll is 12X. How do I decide how big a game/tournament to enter?

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This really confused me, lol

As for the opening post, I dont think you have to be as careful about BR management if you are playing the beginner tourneys at bodog, since they pay out 5 instead of 3. I would say 15x buy-ins would be enough for me to play those comfortably. You can pretty much not play any hands other than AA, KK, QQ, AK in those and just fold your way into the money. I have played every level beginner tournaments at bodog (including the 16 dollar tournaments), and I have found the 16 dollar tourneys are the loosest of all of them. I would say if you had success at the 2.20 and 4.40 level beginner STTs then you could probably move up to the 8.80 STTs when your roll reaches 150 and you should feel very comfortable. If you want to play turbos or regular STTs then 25x the buyin should be good.

i love the sit and go's i dont like there mtt's either but bankroll management is a key thing to survive and for online thats even more important that real life online put no more then 5% of your bank roll at one table and for the mtt's i would stick to the smaller ones at a 135 dollar bank roll and keep grinding out those 2 dollar ones mabey start kicking it up to the 4 dollar ones ive had much luck in those. the cash games seem to be the hardest at that site anyway i wish you best of luck and god speed

jasdell said:

Hey, I'm fairly new at this whole bankroll management myth...

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I don't think myth is the word you meant to use, but if so, it's not a myth. People practice it everyday with great success (look at Chris Ferguson). A lot of our members have built up admirable bankrolls starting from just freeroll winnings. The problem is, a lot of us don't have the patience to stick with it.

Check this out, if you haven't yet: Building your Online Poker Bankroll

This is mine, It is simple enough

I never buyin to a cash game for more than 5% of my bank roll, at any stage in a cash game the money on the table relates to over 10% of my bankroll I leave when the blinds come to me

I never buyin to a multi-table tournament for more than 2% of my bankroll.

This will not work unless you have a $500+ roll to start with but I use it for my $$$,$$$ roll and it works super. Helps you control tilt if you can stick to these simple rules too.

Thanks everyone for your help/support

I tried a couple 3 dollar turbos and lost, both times to inferior hands but thats why i love poker lol.

Oh and by the by I did mean to say Bankroll Management Myth, I just meant it to be in a funny way... because me being completely oblivious to this concept didn't work out to well in prior experiences.

And Pigpen... You really confused me haha... But Bodog is the only site i have money on if that is what your asking?

pigpen02 said:

I have a question about the size of your bankroll. I have X dollars at Full Tilt. If I had nothing else, that would be my bankroll. But, I have another X dollars at PokerStars and Absolute combined. Perhaps my bankroll is 2X. But, I have another 3X that was tied up with NETeller and is just waiting to be deposited to some site. Perhaps my bankroll is 5X. But, I have withdrawn about 7X from winnings and I could easily put that back. Perhaps my bankroll is 12X. How do I decide how big a game/tournament to enter?

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I'm not sure but can you use something more simple in explaining this because i had no clue what you just said. it depeds on what yr X stands for the amount of money. and like someone said in this thread simple rules like maybe 2% of br for tourneys and 5% for sit n gos and rules like that should help, but i dont understand where u get the X's

ohh and if you play limit i forgot to say dont player higher then 400 bet's witch equal your bankroll i dont know if i said it clear so ill show you

if you play a 0.05/0.10 or a 0.10/0.20 limit game it your bankroll should be 300-400 big bets so it would be for the 0.05/0.10 should be a 30 dollar bankroll and for the other it should be a 60 dollar bank roll well good luck

pigpen02 said:

I have a question about the size of your bankroll. I have X dollars at Full Tilt. If I had nothing else, that would be my bankroll. But, I have another X dollars at PokerStars and Absolute combined. Perhaps my bankroll is 2X. But, I have another 3X that was tied up with NETeller and is just waiting to be deposited to some site. Perhaps my bankroll is 5X. But, I have withdrawn about 7X from winnings and I could easily put that back. Perhaps my bankroll is 12X. How do I decide how big a game/tournament to enter?

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He is asking what do we consider the size of our bankroll in terms of where all the money is located. Assuming we follow careful BRM,:

A) Does our money on any one INDIVIDUAL site determine what limits we play on that site?

B) Does the TOTAL amount of money we have deposited on all online sites determine what limits we can play anywhere?

C) Do we include the amount tied up in Neteller?

D) Do we include any amount we've withdrawn that we are prepared to re-deposit?


In my opinion, your bankroll is at least (B). Withdrawn money is tricky because, with the law, it's not as easy to get money back online. But if you are completely willing to re-deposit more if you lose what is currently online, I would play at limits you are comfortable playing based on how much money you would put back. This money can NOT be tied up in other places in real life, otherwise I wouldn't include it. Money recovered from Neteller I would just lump into the (D) category.

bob_tiger said:

I'm not sure but can you use something more simple in explaining this because i had no clue what you just said. it depeds on what yr X stands for the amount of money. and like someone said in this thread simple rules like maybe 2% of br for tourneys and 5% for sit n gos and rules like that should help, but i dont understand where u get the X's

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X could be any amount, Bob. Say X was $1. Then I would be talking a total of $12 spread all over. If X was $10,000, then it would be $120,000. It is between those two, but you don't need to know what my bankroll is exactly to suggest an answer to the question.

Not just one noid, but a pair of them. :icon_porc

I like Gunslinger's response, pigpen. Regardless of where it is ,imo, whatever you have set aside just for poker is your roll. Or budget, in my case, since poker's a hobby and not a job for me. If you only have x amount on one site and x is a relatively small number it seems like you could either a) play within that particular roll or b) play whatever you like that's accommodated by your roll as a whole. So long as reloading is a non-issue.

GunslingerZ said:

He is asking what do we consider the size of our bankroll in terms of where all the money is located. Assuming we follow careful BRM,:

A) Does our money on any one INDIVIDUAL site determine what limits we play on that site?

B) Does the TOTAL amount of money we have deposited on all online sites determine what limits we can play anywhere?

C) Do we include the amount tied up in Neteller?

D) Do we include any amount we've withdrawn that we are prepared to re-deposit?


In my opinion, your bankroll is at least (B). Withdrawn money is tricky because, with the law, it's not as easy to get money back online. But if you are completely willing to re-deposit more if you lose what is currently online, I would play at limits you are comfortable playing based on how much money you would put back. This money can NOT be tied up in other places in real life, otherwise I wouldn't include it. Money recovered from Neteller I would just lump into the (D) category.

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You totally neglect the concept of tranaction costs. Unless I missed something somewhere it costs money to deposit on-line. So even moving money from one site to another can potentially cost you money as don't e-wallets charge for a transfer?

The cheapest way to deposit I guess would be to contact support and arrainge to send an individual a check or money order. But even this has some time cost associated with it to include with the risk.

E-wallets have a start up cost and a deposit cost and a withdraw cost.

If there is an easier cheaper way to move money to and from poker sites please let me know.

As it is I am limited to playing with freeroll winnings and use individual site bankrolls and bankroll limits on each individually as moving money from one site to another isn't an easy proposition. Yes it can be done with-in site limits but involves some element of risk, without the use of an e-wallet.

It seems the minimum cost to deposit new money on-line is at least 5%.

D$D

pigpen02 said:

X could be any amount, Bob. Say X was $1. Then I would be talking a total of $12 spread all over. If X was $10,000, then it would be $120,000. It is between those two, but you don't need to know what my bankroll is exactly to suggest an answer to the question.

Not just one noid, but a pair of them. :icon_porc

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I got what you meant on your 1st post, its real simple. Your bankroll is your bankroll regardless of where it is at. If you have 20k through 10 different sites your bankroll is 20k bottom line. As for where you can sit well you could sit at a 1k max game which is 5/10 as long as you have a couple buy-ins at the current site you want to play. You want a couple buyins though at the site so you can reload if you find at table where you got real unlucky but figure you will win the money back eventully.