Is it right strategy to adopt for this Bankroll??

Brandlad

Brandlad

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Hi Pals
Recently I won $354 in 888 tourney and I have placed a withdrawal of $254.
I used remaining $100 to play poker, casino and sports betting.

Now my bankroll is $520..
These things have happened within last 4 days..

Now my plan is to win $10 minimally everyday. So, it gets a Cash flow of $300 in a month and my bankroll reaches at $800 and I withdraw $100 and by using above method that is systematic recurring withdrawal and systematic recurring bankroll boost to get a good bankroll as well as some $$$ in my bank till the end of 2018..

Is it right strategy??

As I think $10 is just a 2% of $500 and It does not require special strategy..
 
Lena M

Lena M

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Interesting strategy. If you have such good results, then your strategy is working and you need to continue working in this direction. I wish you success.
 
8bod8

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Congrats, you've been doing well recently!

AFAIK you can do good BRM in many ways.
The good part in your plan is to withdraw/remove part of your winnings, so the bankroll keeps growing, allowing bigger buy ins.

You say you aim for 10$ per day winning, I'm affraid you'll run into bad streaks that can last days/weeks, or even months when playing big tourneys.

It sounds like you use 1 site to keep your entire bankroll. Don't do that when the bankroll increases; the past shows that things can go bad. Separate bankroll and money in site(s), a simple spreadsheet will probably be complex enough.

Most BRM advise limits the max buy-in as a % of the bankroll, typical numbers:
- 10% for cash game
- 1% for MTT
 
Hackerosito

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I find this bank roll control interesting, I also make a similar award, I hope to put your advice into practice and get results. thanks x share it. :icon_cat:
 
Brandlad

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I will keep updated. I have chosen this strategy after a lot of maths.
To keep this strategy at right pace I am gonna play on Heads up game as I am very good in that. I would not play cash games.
 

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dcproster

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Debalable stratagy.You cant be profitable every day.If you will pursue for 10$ for day it can be finished with loose a lot of money due to tilt or tiredness.
 
BluffMeAllIn

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Setting $$ goals as a strategy isn't that great of an approach, can easily lead to chasing losses if you start out a session with some losses and can't get much going and could cause you to ignore brm ... playing higher then you should to recoup and make that $$ profit you are looking for each day.

Instead when it comes to the game for cash # of hands is a good goal, for sng/mtt number of games would be a good goal. This essentially can equate to $$ in the end once you have an idea of your winrate/roi.

Basically you say you want to make 10$ a day. With a br of 500+ this based on even a 50x for cash and 100x for sngs allows you to comfortably play 10NL cash, or 5$ sng's/mtt's.

For cash you are looking at a winrate, on 888 something like 10bb/100hands I'd expect should be a maintainable winrate for a decent player. This means for each 100 hands you play you will earn 10bb or 1$, so to earn 10$ a day would take 1k hands. This doesn't mean you will earn exactly 10$ for each day playing 1k hands but in the longrun over a month if you could truly achieve 10bb/100 and you play 1k hands each day for 30k hands a month then its a pretty good chance you will earn the 300$ in the month (some days may be losses while others would be winners but poker is about the long run).

In sng/mtt you are looking at ROI, return on investment, and playing 5$ games giving an ok 20% ROI you are looking at making 1$ per game and so 10games a day would earn the 10$ (in the longrun based on 20%ROI) which means on 300 games for 30 days, 10 games a day you could expect to earn 300$.

Expected results over short periods can certainly very from actual results, but dealing with variance is all part of the game. And setting a goal for # of hands or # of games is something you have control over, while profits can be impacted greatly by variance and off expectations for even lengthy periods of time.
 
Newzooozooo

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Hi.
I congratulate you. In my opinion, this is a great result. Although, this is also quite risky. But if you have such results for a long time then this is a great strategy.
Continue to work and improve your game.
Good luck.
 
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Your strategy is good but your strategy will not work enought long if you play casino games,I only prefer poker to everybody,it is much harder to win in casino.
 
Brandlad

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I do play casino games but with a strict Stop Loss.
Now my bankroll has passed $650. It is $700+ but I have reserved $50 for sports betting tomorrow just as a portfolio point of view.
 

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Brandlad

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Hi Pal
I intended to achieve this figure by end of this month but I got it today with super hectic play.
Now my bankroll is $1000+ .

I am again going to withdraw $200 on Monday.
 

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lsbenn

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Your strategy is looking good right now. Congrats, but what is your strategy when you start to tilt? You should be prepared for both options.
 
Brandlad

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I think I should take rest for few days as my bankroll has passed $1500+ or 888 is going to ban me.
 

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cskwin

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No one can ban you its your earned money by playing safe and Keep rocking. as far I see you have good control over your game. all the best.
 
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rachelle2291

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you are probably going to go through downperiods where you lose money--the important thing is to stick to your plan and ride them out without losing discipline--but sometimes even with discipline you can go broke
 
Brandlad

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Yah I know, I will face losing streaks but I am using Stop loss into my Heads up games.
 
T

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Why don't you keep the whole amount as a bankroll and you could make withdraw after each 3 months if you could grow it bigger you will be able to play bigger buy ins and that's more profiteable to avoid downswings. Keep it up and good luck
 
Brandlad

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Hi Pals
I am back with another good news.. My bankroll has passed $3000+.. It is crying for a withdrawal.
How much should I withdraw??

The above bankroll is only possible because of my successful play of Heads up games..
 

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Vilgeoforc

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I'd take out half of the net profit. If the profit is $ 1500, then it is $ 750. Or a quarter of the total bankroll. About the same amount. But the cache out depends on your money needs and your goals.
 
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wkshaggy

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Not very reasonable to expect to earn a certain amount of money per day. Like others have said there's downswings and variance in poker.
 
Brandlad

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Now This has happened to me???
I am a client of 888 since 2015 and now after winning from pennies to $$$$ 888 has done this to me.
 

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Brandlad

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888 states " Due to gaming regulations your age must be verified so that your account may be initiated ".
I have submitted my documents in 2015 then in March 2018 and now again this sort of problem appears..
 
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