Bankroll Management

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Pokersavvy

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Hi everyone. Just a question, what's the best way to manage your bankroll? I seem to have a problem leaving a cash game when I am ahead. When I stick around I seem to run into bad beats or getting beat on the river frequently. Thank You
 
Poker Orifice

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There's a ton of threads/posts here on Cardschat in regards to Bankroll Management. Try the search feature & see what you can come up with.
 
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Pokersavvy

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There's a ton of threads/posts here on Cardschat in regards to Bankroll Management. Try the search feature & see what you can come up with.

Ok I don't know my way around the forum to well. I will have to look for a search then. thank you
 
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Pokersavvy

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Not that hard to find the search lol. Was right in front of my nose. I wil play around with it thank you. :)
 
Poker Orifice

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Not that hard to find the search lol. Was right in front of my nose. I wil play around with it thank you. :)

Your welcome. & if I find a few threads I will post the links for them back here on this one for ya.
 
Aces2w1n

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One leak in a players game, especially at the casino is getting stuck.

Meaning you don't get up and leave until your dry.... You want to be the person who targets those players and not become one of those.

Set limits in your game. Make sure if you play 200nl... You leave the table if you hit 400+ ... If that's too high make it 300nl... Just make it a gettable table before you tend to lose your stack size.

Also soon as you feel your off your A game.

Another thing I tend to find is when you sit down make a note who's at your table, if you see majority of the original gang leaving it's time to probably leave because it's getting late. Unless you identify bad players entering the table.

Also last thing... If you keep getting bad beats over and over? ... Perhaps the first bad beat or the moment where the momentum leaves you, take a break... get up and walk around and sit out.
 
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Pokersavvy

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One leak in a players game, especially at the casino is getting stuck.

Meaning you don't get up and leave until your dry.... You want to be the person who targets those players and not become one of those.

Set limits in your game. Make sure if you play 200nl... You leave the table if you hit 400+ ... If that's too high make it 300nl... Just make it a gettable table before you tend to lose your stack size.

Also soon as you feel your off your A game.


Another thing I tend to find is when you sit down make a note who's at your table, if you see majority of the original gang leaving it's time to probably leave because it's getting late. Unless you identify bad players entering the table.

Also last thing... If you keep getting bad beats over and over? ... Perhaps the first bad beat or the moment where the momentum leaves you, take a break... get up and walk around and sit out.

Yeah, I am addicted, and when I am up, and running good, I don't want to leave lol. I agree with you, I have no notes, I really should take some. Thank You for your advice. :)
 
PoKeRFoRNiA

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Universal advice I can give you in terms of how many buy-ins will be 100. There are lot of variables and factors that'll determine what bankroll management will suit you.
If you're tight-aggressive player who can play solid with good discipline of tilt control, then 20 buy-ins will do a job.
If you're a loose-aggressive player who can play your game well with tilt control, then regardless of how good you are, you will need way more than 20 buy-ins.
If you have poor discipline and tilt control, then you'll need way more than 20 buy-ins.
If you plan to multi-table and play lot of tables at once, you'll need more than 20 buy-ins.

And lastly but not least, have number of buy-ins you feel comfortable having. I personally have at least 125 buy-ins but it's because I multi-table while having loose-aggressive style of play, which is prone to huge variance while from time to time, I lose control of myself and tilt off few times. But regardless of how I play and how I act, I feel comfortable having 125. Everyone has their own comfort zone. Being in comfort zone and peace of mind financially plays a huge factor.

Just remember, bankroll management doesn't make you a winning player. It makes good player not go bust from variance. It makes losing player bust slower.
 
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I dont know about the other players,but i always stick to x100 BI at any

format,cause you never knows,brutal downswing/endless bad beat can

happen at anytime.Its either x100 BI or just the freeroll.
 
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freestocks

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Bankroll management is the hardest yet most important part.

I used to count cards at blackjack. I learned bankroll management.


Poker takes more patience. I suggest leaving a cash game if you double up. You can enter a new game with the original amount. Then if your winning streak ends, you can quit for a while and break even.
 
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leaving while ahead is always hard the last time i went to the casino if i would of left when i doubled up i would of only doubled up but since i stayed until i finally felt tired and felling like i wasnt playing "my game" then i wouldnt be able to walk out with $2300 that i did...
you cant always put a time limit on how long you play poker you need find out when your tilting or when your not playing your game like when bored or tired
that night i walked out with $3k i walked in with $1k like around 6pm original plan was to play a tourney then a little live action but didnt last long in the tourney but started getting hot with cards then it stopped for a few hours then i just starting hitting a few hands here and there and 12 hours after i walked into the casino i finally left with 3k but if i would of left 5 hours before i would of only walked out with 2k so now i ask you this should i left after doubling up or only after 3 hours?
 
deluns28

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I would say play at a level that you can beat. not what your bankroll can play. You might get busted if your skill is not enough for the level.
 
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Pokersavvy

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Thank You everyone for great advice. I just play poker, I don't figure odds, outs, percentages. I really just play and get lucky at times and get badly beat. I used to have like 40.00, but now I only have 5.00 left. So I am just winging it lol I just can't seem to keep moving up. I dunno what I am doing wrong. All I can do is keep trying. I think I am a good player. I just need to leave when I am ahead, and rebuy on another table. Thanks again. Good Luck to you all. :)
 
PoKeRFoRNiA

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Bankroll management is the hardest yet most important part.

I used to count cards at blackjack. I learned bankroll management.


Poker takes more patience. I suggest leaving a cash game if you double up. You can enter a new game with the original amount. Then if your winning streak ends, you can quit for a while and break even.

This is honestly heavily flawed mentality for cash game. While I'm not the one who should be telling you this because in the past, I bought in for full amount with auto-top-up and left when I doubled up when I played Rush Poker, my case is different from most people unless they play Rush Poker also because in Rush Poker, you can rathole instantly. But in regular ring games, you can't rathole in certain sites and also, if you wanna get back in the game, you'll have to wait 15-30 minutes before u can buy in back for original amount, otherwise, you can only buy back in with amount you left with. You'll be marked as ratholer and also, you're limiting your winning potential where you can be winning few ratholed profiting sessions at once. This requires having better post-flop skills and building your skills to play deep. I regret ratholing in Rush because when I started playing live, it's much better to work on your post-flop skills and play longer. You should only leave when you're not playing well, if you're getting tired, if you're not comfortable playing your game at certain time, etc.

I personally stick to SNGs because I am a better pre-flop player. I prefer MTTs.

Ratholing limits your winning potential. Had a CCer who fixed this flaw for me and it helped me so much when I played live. Without ratholing, I was up over $1k in $1/$2 NL but in Cali, you can only buy in for $100. That $1k winning will take forever to build up if you rathole. It'll take lot of ratholing sessions to make that much. If there are fishes in your table you can take advantage of, and if you got brm to take risks, then you should stay there as long as you can and take advantage of them. Doesn't hurt to stay. More you win, more they lose, and you have psychological advantage, edge over them.
 
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I would say play at a level that you can beat. not what your bankroll can play. You might get busted if your skill is not enough for the level.

So,bad beat never happened to you?

Just curious...:withstupi
 
PoKeRFoRNiA

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leaving while ahead is always hard the last time i went to the casino if i would of left when i doubled up i would of only doubled up but since i stayed until i finally felt tired and felling like i wasnt playing "my game" then i wouldnt be able to walk out with $2300 that i did...
you cant always put a time limit on how long you play poker you need find out when your tilting or when your not playing your game like when bored or tired
that night i walked out with $3k i walked in with $1k like around 6pm original plan was to play a tourney then a little live action but didnt last long in the tourney but started getting hot with cards then it stopped for a few hours then i just starting hitting a few hands here and there and 12 hours after i walked into the casino i finally left with 3k but if i would of left 5 hours before i would of only walked out with 2k so now i ask you this should i left after doubling up or only after 3 hours?

If you're feeling tired, not playing your game, that is the time to leave. It's not matter of "leave after you double". For cash game, you should stay as long as you can if you are playing your game comfortably and playing sharp.
 
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Thank You everyone for great advice. I just play poker, I don't figure odds, outs, percentages. I really just play and get lucky at times and get badly beat. I used to have like 40.00, but now I only have 5.00 left. So I am just winging it lol I just can't seem to keep moving up. I dunno what I am doing wrong. All I can do is keep trying. I think I am a good player. I just need to leave when I am ahead, and rebuy on another table. Thanks again. Good Luck to you all. :)

I have conflicting impulses when I read this. One part of me says: " cool, he should just continue like this" Another part tells " come on. give him a kick in a right direction. If he is smart he will go there. If not, you have done your duty"

So.
You should figure out odds, outs and percentages, if you want to make money in poker. To leave when you are ahead and rebuy at another table does not work, if decisions you are making are -EV. You shouldn't keep trying unless You spent at least 40 hours reading and understanding and figuring out the probabilities.
 
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Pokersavvy

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I have conflicting impulses when I read this. One part of me says: " cool, he should just continue like this" Another part tells " come on. give him a kick in a right direction. If he is smart he will go there. If not, you have done your duty"

So.
You should figure out odds, outs and percentages, if you want to make money in poker. To leave when you are ahead and rebuy at another table does not work, if decisions you are making are -EV. You shouldn't keep trying unless You spent at least 40 hours reading and understanding and figuring out the probabilities.

Yeah I completely understand. Thing is honestly, I am not quick at figuring this stuff out while playing on a table or live. I also, have a hard time reading. Would rather see pictures or watch videos. Maybe even a e-book would work. So, to me I am not gonna give up. I can do pretty good, I have a lot going on at the moment, besides poker. I do it more for fun and the money. I am in no hurry. Thank You for your concern. :)
 
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Bankroll management

This is a cool discussion with great advice.

Play when the odds are in your favor. Only risk what you are willing to lose.
 
Arjonius

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The foundation for good bankroll management is self-discipline. It's not hard to come up with reasonable rules / guidelines. There are certainly people who don't, but IMO that's at least partly attributable to poor self-discipline too. But there's also a second area where people falter. They set guidelines for themselves but then don't follow them properly; e.g. they play too high or they fail to stop playing when they know they're not playing their A games.
 
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If you notice something is wrong already while ahead, the best thing is RUN.
 
VizziVizo

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You should play on high limits.Players dont push with A6 and dont catch street on the turn for examope when you have kings)))
 
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This is a great tool to have, and I wish mine was better... I find that I win a lot at cash then go up in level and lose it all... I wish I could get to a goal and then have the discipline to get out... When I get to that point I guess I will be profitable.. haha
 
abzdolc

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if u have some problems, take more 25-35% + standart bui-ins for the level u play
 
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