Originally Posted by BelgoSuisse
Do you have at least $30000 that you can feel fine about losing playing poker? If you don't, at 5/10 you're just playing way above your means and variance is very likely to make you go busto regardless of how good you play. Especially since you only play 30 or 50bb deep which means skill edges are pretty slim.
No. I dont' have 30k. I barely have 14k now. If I calculate all the money I've spent on leisure, food, entertainment, etc, I probably would have over 20k right now. 800 dollars got flushed and boated away in less than 2 hours. My worst day ever in poker. I'm doing school work, working out in the gym, and trying to forget. Oh, and also, I go to play money on full tilt and go all in with stupid hands just to feel good and excited when I win with the worst hand by going all in because I feel that if someone can suck out on me, I should be able to suck out on people too. But as for the bad beat, I honestly don't feel like playing in casino for a month.
I always buy-in with 300. I manage to do well with it. If I reach anywhere near 1000, I stand up no matter what. That's how I've built my bankroll. In my first bad beat, I won 200 bucks from and then lost that + my buy-in to some donkey with TPTK.
I know I don't have optimal or really good bankroll management but I'm still + because my initial bankroll was 20 bucks. I used my beginner's luck to build it. My first time in casino ever, I won 600 bucks with 20 bucks, I was flopping quads, boats, flushes, and was getting action from everyone and I kept moving up tables after reachign 4 times the buy-in. Instead of spending that 600 on leisure, I kept going there the next day and future and built it to almost 20k(highest I've reached). This took me 1.5 years and played nearly every weekend or once every 2 weeks.
When I go to casino, I only carry 1k(which provides 2 buy-ins and 400 bucks left) or (3 buy-ins and 100 bucks left). I usually try to leave after losing two of my buy-ins. Once in a while, if I lose 2buy-ins, I spend 20-100 bucks by going to micro 1/1 NHLE $20 buy-in as a indicator of my status. If I lose several buy-ins from there, then it proves that I'm on tilt. If I'm winning from there, then I just keep playing.
I'm a weird guy who plays in very unorthodox way compared to other people. But this is how I built it. I can't guarantee how long I'm gonna last using this method or keep doing well using this method. But so far, I like my way of managing bankroll.