Bankroll Managment

Dmcbride98

Dmcbride98

Rising Star
Bronze Level
Joined
Jul 29, 2016
Total posts
15
Chips
0
What's up everyone, Daniel here. I have been playing poker in a losing fashion for roughly two years now, all because I lack how to properly manage my money. I tend to start from twenty, grind out heads up sit-n-go's and hit really close to 100$. But every time I get close to hitting 100$ I get so caught up in the "I just wanna hit over 100$" that I start playing sng's for 10$/15$/20$ eventually losing all my money.
This happens CONSISTENTLY. I am wondering what kind of strategies you guys use to keep your cool, avoid tilt, and manage your money well. Personally I feel I have the basics down, if only I could conquer my compulsive ways, I could advance my game so much better! Thanks in advance for any responses.
 
Iryna Stryzheuskaya

Iryna Stryzheuskaya

Legend
Platinum Level
Joined
Feb 13, 2016
Total posts
2,802
Awards
10
BY
Chips
151
bankroll Managment is very important. If you want to win everything at once, there is a great chance to lose everything at once. Be patient and it will be rewarded. Good luck!:)
 
leshausa03

leshausa03

Visionary
Silver Level
Joined
Jul 20, 2015
Total posts
770
Awards
4
Chips
0
I have the same problem. Once lost 500$ per day. Really were drunk.. Often get out money. Maybe this will help.
 
Xcoder

Xcoder

Rock Star
Bronze Level
Joined
Apr 23, 2011
Total posts
397
Awards
2
Chips
0
I dont think about the money anymore, it's all about playing cards. Changing my train of thought this way has helped me maintain consistent bankroll management
 
K

karl coakley

Visionary
Silver Level
Joined
Sep 6, 2016
Total posts
853
Chips
0
What's up everyone, Daniel here. I have been playing poker in a losing fashion for roughly two years now, all because I lack how to properly manage my money. I tend to start from twenty, grind out heads up sit-n-go's and hit really close to 100$. But every time I get close to hitting 100$ I get so caught up in the "I just wanna hit over 100$" that I start playing sng's for 10$/15$/20$ eventually losing all my money.
This happens CONSISTENTLY. I am wondering what kind of strategies you guys use to keep your cool, avoid tilt, and manage your money well. Personally I feel I have the basics down, if only I could conquer my compulsive ways, I could advance my game so much better! Thanks in advance for any responses.

Its pretty simple, just don't do it.

There really isn't a trick to it. No suggestion is going to help, because if you can't stop playing games you can't beat no advice is going to make you stop.

Poker is a game of discipline. Some people have it, some don't.

A good starting point is play for 30 days on a level you can beat and see where you end up. Doesn't matter what your bankroll is at, 30 days at the same level. This will help you start to build a little discipline and will also show some leaks. If you can't clear 100.00 in 30 days without playing any other games or moving up, you most likely are playing too high and need to move down.
 
Claude Chiasson

Claude Chiasson

Enthusiast
Silver Level
Joined
Mar 2, 2017
Total posts
47
Chips
0
you have to change your way of thinking and be more patient.
 
cheapseats76

cheapseats76

Rock Star
Silver Level
Joined
Dec 5, 2012
Total posts
133
Chips
0
Playing within your means is something that you need to stay consistent with. Stick to what is working for you and when you build a roll that can sustain a few hits you won't have to worry about busting on your next game. In order to move up in limits your roll needs to be a minimum of 50 buy ins. Playing at your lowest jump only gives you 20 (5.00 buy in-100 dollar roll). Stay within your limit and you should break the 100 dollar mark soon enough. It is called a grind for a reason! Good luck on the felts!
 
D

Dan Lucas

Rock Star
Silver Level
Joined
Apr 18, 2016
Total posts
475
Chips
0
I know exactly how you are thinking, but the comments here are right on. Stick to the limits your bankroll can handle, and let the gains come from steady play. Getting greedy is usually the first step to busting out. on-line variance is the bankroll destroyer if you don't manage your funds. As my compatriots have indicated, just stay patient.
 
Z

ZaXXoR

Enthusiast
Silver Level
Joined
Mar 2, 2016
Total posts
44
Chips
0
What's up everyone, Daniel here. I have been playing poker in a losing fashion for roughly two years now, all because I lack how to properly manage my money. I tend to start from twenty, grind out heads up sit-n-go's and hit really close to 100$. But every time I get close to hitting 100$ I get so caught up in the "I just wanna hit over 100$" that I start playing sng's for 10$/15$/20$ eventually losing all my money.
This happens CONSISTENTLY. I am wondering what kind of strategies you guys use to keep your cool, avoid tilt, and manage your money well. Personally I feel I have the basics down, if only I could conquer my compulsive ways, I could advance my game so much better! Thanks in advance for any responses.

if you can't be disciplined and only risk 1% of ur roll then poker won't be worth it you have to follow BRM and improve your game possibly
 
Andrei Korolev

Andrei Korolev

Legend
Silver Level
Joined
Sep 16, 2015
Total posts
3,014
Chips
0
I have exactly this problem.Perhaps it is necessary in time to stop,I don't know...
 
cranberry

cranberry

Legend
Silver Level
Joined
Nov 16, 2016
Total posts
1,588
Awards
4
Chips
0
Good bankroll management (here need discipline and patience) — 50% of success in poker.
When you start to play SnG 10$/15$/20$ - you are not playing according to your bankroll. The maximum that you can play with a bankroll of 80 ... 100 $ is SnG with a buy-in of $ 1. Also here you need a financial reserve, a reserve of funds for playing poker - about 20 buy-ins. In your case, you are trying to quickly build a bankroll and thus it becomes unprotected. Trying to recoup with an unprotected bankroll - you will only lose and make new deposits. This is just my opinion.
 
Dmcbride98

Dmcbride98

Rising Star
Bronze Level
Joined
Jul 29, 2016
Total posts
15
Chips
0
Great response guys, I really appreciate it. I'll keep you all updated in the next few weeks with how I'm doing.
 
SaintNick1968

SaintNick1968

Visionary
Silver Level
Joined
Oct 24, 2016
Total posts
579
Chips
0
What's up everyone, Daniel here. I have been playing poker in a losing fashion for roughly two years now, all because I lack how to properly manage my money. I tend to start from twenty, grind out heads up sit-n-go's and hit really close to 100$. But every time I get close to hitting 100$ I get so caught up in the "I just wanna hit over 100$" that I start playing sng's for 10$/15$/20$ eventually losing all my money.
This happens CONSISTENTLY. I am wondering what kind of strategies you guys use to keep your cool, avoid tilt, and manage your money well. Personally I feel I have the basics down, if only I could conquer my compulsive ways, I could advance my game so much better! Thanks in advance for any responses.

Okay:)

Bad bankroll management is the downfall of the majority of reasonable players attempting to come up through the stakes. I know the feeling- you've ran below EV and the instinct reaction is just to bump up the stakes, turning a small loss into a disaster. It feels really bad and of course you know in your right mind that tilting on higher stakes is the wrong thing to do. Slowly grinding upwards in things like HUSnGs is MUCH more satisfying than zooming up and down and then inevitably going broke at some point. I think there are a few things that you can do about this.

1. The most straightforward thing you can do is to actively block yourself from playing higher stakes (not sure if this is available on all sites but definitely on Stars you can go Tools --> Responsible gambling --> Restrict Tournament Buyin). This means that if you do ever tilt, you won't ever be able to lose your whole roll in one go, and I found it very useful in instances when I did tilt in the past.

2. Anther thing you can do to try to control the stakes you play at is to track and share your results. If you start up a thread here on CardsChat for heads up SnGs and write a clear bankroll management plan as you go up then it will feel more rewarding for you to be able to share your results when you do win, and if you tilt out then you will have to share that as well. I think it should help you from tilting out and going above your limits. Also, HUSnGs are very easy to track using PokerTracker or just Excel if you don't want to buy tracking software so they're a good format to start a thread on.

3. Another helpful thing might be to look at how professionals manage their money, and to read a few articles on bankroll management. If you look at and professional tournament player's graph, you will be able to see that they go up and down a lot- sometimes even by as much as 1000 buyins if they are playing MTTs! Understand that dealing with loss is a big part of the game and that you will only be able to win if you are able to lose as well. Read up on what is a reasonable BRM plan for what you are trying to do and then come up with a clear and exact plan for how you want to manage your money. If you don't stick to it at any point then I would suggest that the best thing to do would be to take a break for a few days to avoid tilt.

4. The final thing that I would do is to really study your game. If you are able to improve at the game then you will be able to have more of a motivation to keep your money and not tilt at any point. A lot of new players think that the best thing to do to improve their game is just to play as much as possible and put in a load of volume. This is incorrect. I would suggest looking at professional players like DougPolkPoker or xflixx on Twitch and how they play, reading poker strategy related articles and looking through your hands after you've played them to see if there were points at which you could have played better (share them in the tourney hand analysis here on CardsChat as well for help on hands you have played). I don't know what stage you are at or how good of a player you are but I do think that people often underestimate the amount of work you need to do to become a solidly winning player. I think that would help you to be able to manage your money as well :)

Personally I managed to grind $0 up to over $400 in just over two months as part of a $0 to $25,000 challenge using mostly MTTs (https://www.cardschat.com/forum/poker-goals-challenges-wins-46/0-25000-epic-battle-through-stakes-308543/) although I'm down a bit since then. It still feels really good to be able to actually make a little bit of cash on the side from poker though. :D

Hope that helped! Good luck!!
 
Dmcbride98

Dmcbride98

Rising Star
Bronze Level
Joined
Jul 29, 2016
Total posts
15
Chips
0
Okay:)

Bad bankroll management is the downfall of the majority of reasonable players attempting to come up through the stakes. I know the feeling- you've ran below EV and the instinct reaction is just to bump up the stakes, turning a small loss into a disaster. It feels really bad and of course you know in your right mind that tilting on higher stakes is the wrong thing to do. Slowly grinding upwards in things like HUSnGs is MUCH more satisfying than zooming up and down and then inevitably going broke at some point. I think there are a few things that you can do about this.

1. The most straightforward thing you can do is to actively block yourself from playing higher stakes (not sure if this is available on all sites but definitely on Stars you can go Tools --> Responsible Gambling --> Restrict Tournament Buyin). This means that if you do ever tilt, you won't ever be able to lose your whole roll in one go, and I found it very useful in instances when I did tilt in the past.

2. Anther thing you can do to try to control the stakes you play at is to track and share your results. If you start up a thread here on CardsChat for heads up SnGs and write a clear bankroll management plan as you go up then it will feel more rewarding for you to be able to share your results when you do win, and if you tilt out then you will have to share that as well. I think it should help you from tilting out and going above your limits. Also, HUSnGs are very easy to track using PokerTracker or just Excel if you don't want to buy tracking software so they're a good format to start a thread on.

3. Another helpful thing might be to look at how professionals manage their money, and to read a few articles on bankroll management. If you look at and professional tournament player's graph, you will be able to see that they go up and down a lot- sometimes even by as much as 1000 buyins if they are playing MTTs! Understand that dealing with loss is a big part of the game and that you will only be able to win if you are able to lose as well. Read up on what is a reasonable BRM plan for what you are trying to do and then come up with a clear and exact plan for how you want to manage your money. If you don't stick to it at any point then I would suggest that the best thing to do would be to take a break for a few days to avoid tilt.

4. The final thing that I would do is to really study your game. If you are able to improve at the game then you will be able to have more of a motivation to keep your money and not tilt at any point. A lot of new players think that the best thing to do to improve their game is just to play as much as possible and put in a load of volume. This is incorrect. I would suggest looking at professional players like DougPolkPoker or xflixx on Twitch and how they play, reading poker strategy related articles and looking through your hands after you've played them to see if there were points at which you could have played better (share them in the tourney hand analysis here on CardsChat as well for help on hands you have played). I don't know what stage you are at or how good of a player you are but I do think that people often underestimate the amount of work you need to do to become a solidly winning player. I think that would help you to be able to manage your money as well :)

Personally I managed to grind $0 up to over $400 in just over two months as part of a $0 to $25,000 challenge using mostly MTTs (https://www.cardschat.com/forum/pok...46/0-25000-epic-battle-through-stakes-308543/) although I'm down a bit since then. It still feels really good to be able to actually make a little bit of cash on the side from poker though. :D

Hope that helped! Good luck!!



Great reply! Thanks so much for taking the time and expressing your thoughts to me. Your tips will not go ignored, and I will for sure devise a plan. A little update as of yesterday: I deposited another 20$ (go figure haha) and have finished the day off with 55$. Ultimately I would like to attempt my goal of hitting 500$, so I will look into making a progress tread of my own. :)

I play in a site in which the tools and tracking software are inadequate, but there is no rake which is very nice. Once again I really appreciate your reply and look forward to sharing my progress! :)
 
BlackJesus

BlackJesus

Visionary
Silver Level
Joined
Jul 9, 2016
Total posts
861
Chips
0
It is a COMMON sign of non-experienced player to ignore good bankroll management practices.

If there is a suggestion that could help you - maybe try this one. A good BRM is a signifficant difference between a pro and a recreational player, a winner and a loser in the long term. If this difference cannot help you to choose more appropriate BRM, nothing can.
 
SaintNick1968

SaintNick1968

Visionary
Silver Level
Joined
Oct 24, 2016
Total posts
579
Chips
0
Great reply! Thanks so much for taking the time and expressing your thoughts to me. Your tips will not go ignored, and I will for sure devise a plan. A little update as of yesterday: I deposited another 20$ (go figure haha) and have finished the day off with 55$. Ultimately I would like to attempt my goal of hitting 500$, so I will look into making a progress tread of my own. :)

I play in a site in which the tools and tracking software are inadequate, but there is no rake which is very nice. Once again I really appreciate your reply and look forward to sharing my progress! :)

No rake? Where do you play?! :joyman::joyman::joyman::joyman::joyman:
 
B

Booyah777

Enthusiast
Silver Level
Joined
Aug 23, 2016
Total posts
61
Chips
0
I need to work on this. Your not the only one lol!
 
PapaC

PapaC

Legend
Silver Level
Joined
Aug 30, 2010
Total posts
2,798
Chips
0
Hi Dmcbride98 and welcome to Cardschat. Sorry if I missed your introduction. This is a simple answer to your question. Drop down to a level where you can have some fun while you learn more about playing the game. You are stressing yourself out playing those high levels. Probably 90% of new players have to start at the bottom. Even if you have been playing 2, you should consider yourself a new player. I been playing 13-15 years, and I'm still asking questions. Slow down, take one step at a time, be positive by believing in yourself, and GL to you
 
T

Two6JJ

Visionary
Silver Level
Joined
Feb 27, 2016
Total posts
746
Chips
0
100 buy in minimum for the level of tournament I am playing. Yes that means playing micros but you will not bust your roll quickly.
 
nutthink

nutthink

Visionary
Silver Level
Joined
Dec 15, 2016
Total posts
725
Chips
0
Hi Dmcbride98 and welcome to Cardschat. Sorry if I missed your introduction. This is a simple answer to your question. Drop down to a level where you can have some fun while you learn more about playing the game. You are stressing yourself out playing those high levels. Probably 90% of new players have to start at the bottom. Even if you have been playing 2, you should consider yourself a new player. I been playing 13-15 years, and I'm still asking questions. Slow down, take one step at a time, be positive by believing in yourself, and GL to you

yooo papaC in the house.........!!!!! i can make a rap song from your simple answer papaC...!! put your hands up papaC sing with me yooo...
 
CullinanPoker

CullinanPoker

Rock Star
Silver Level
Joined
Dec 10, 2016
Total posts
337
Awards
1
Chips
0
If it aint broke, don't fix it... stay where youre winning.
 
PapaC

PapaC

Legend
Silver Level
Joined
Aug 30, 2010
Total posts
2,798
Chips
0
LOL you are something else nutthink. Keeping things simple is the best way for a new player to learn.
 
I

Iascaire

Rising Star
Bronze Level
Joined
Mar 25, 2017
Total posts
3
Chips
0
Money management stages

1st
Set your standard, this would be your investment, and if you plan to re invest what amounts you can afford to re invest if you hit a bad run.

2nd Set the goal you would like to reach, in your case it would be 100 I think.
Reaching 100 have a decision made from you investment, on if you are going to cash out some of that or have plans to move to higher stakes. with an investment 20. I am thinking you are playing buy in of 1. Some days you may go down 10 or more but in general you rise a couple each day.
( not wanting to patronise, but just be clear on this view)
when you reach 100, if you play stakes higher then 5 you are reducing the games you have to handle the bad run. You start with playing 1 giving you 20 games to gain rewards in, when you reach 100 or close, you reduce those game to 10 or less. Maybe when you reach 100, move to 2 each game. If you drop to 75 go back to 1.until you reach over 100 maybe to 120.

Maybe managing your bank roll is a bit of managing the games you play also.
Hope this view gives some ideas for method.
 
Emixilian

Emixilian

Rock Star
Silver Level
Joined
Aug 23, 2014
Total posts
241
Chips
0
I have the same problem.. i cant deposit a lot of money and i loose them very fast. If i play 5 spin and goes my bankroll is at half :)) so probably ill need more money to play with .. My advice for you is to keep calm and dont play on higher stakes. ( maybe i need to listen to this too, because we want to badly to make money from poker and forget to have fun )
 
J

John Bor

Rock Star
Silver Level
Joined
Mar 6, 2017
Total posts
383
Chips
0
it is very important. because it can keep your balance at a certain level
Each deviation from these conditions will cause damage to your wallet
so before career should first of all make the workplan game and it clearly stick to it
 
Bankroll Building - Bankroll Management
Top