Turning $200 into $1000--What would you do?

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ryan1990

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Hello guys. If you had a $200 bank roll and you wanted to turn it into $1000 (so an $800 profit), in say 1-2 months, what would YOU PLAY?

I'm currently looking to do this within a month with VERY strict BR management.

How would you personally achieve this? This isnt so much about what I should do....but what you would do. I'm sure for some of you this might be a very easy task....others maybe harder.

Just curious is all!
 
BluffMeAllIn

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Easy as to what I would do, if I achieved the goal that we wouldn't know until the end of the 2 month period. Firstly I would never set a financial goal unless I knew and had proven myself to be able to beat the game at a certain winrate. That way you know based on volume if something is possible to achieve or not.
So if you had a 5bb/100 winrate of 5nl that is 1$/400 hands to at that stake only you would have to play out 320,000 hands to reach your goal (but obv your going to move up stakes as your br increases. But lets say you don't, then your talking 10k+ hands /day to do this in a month or 5k+ in two months.

Anyhow math is math, I'm sure you can get the gist from above. Basically I would apply a 40-50bi rule and grind cash at 5nl to start and moving up as the br allowed. The primary thing we can control when playing poker is the volume we put in, especially talking online when you can run loads of tables (if you can do it profitably), so if your a winning player and put in the volume any financial goal can be achieved eventually it's just a matter of how long it is going to take.

Thus to say i'm going to make 800$ in two months is an unknown, whereas saying I'm going to put in 320k hands of 5nl in two months is within grasp if you can put in the time. Just my thoughts essentially on the cash side of things.

On the SNG side well its similar, we have primary control over the volume and ROI is the key for financial gains. To stick with a similar example of 5$ sng's (although only 40bi to grind sngs I'd consider rather agressive, probably prefer at least 75-100 myself) then you have to know an ROI (return on investment), say you have a 20% return on investment so for each sng you play you profit 1$ on average then you will have to play 800 sng's at the limit to hit your profit, so your talking 15/day to hit the goal in 2 months (grinding however 15 sng's / day is a small amount unless your doing it 1 or 2 at a time i guess).

Now to sum up its all about volume and your winrate, bb/100 in cash ROI in sng's/mtt's. I know to have a fairly good estimate on your cash winrate for a limit you are looking to want a sample of 50-100k hands for long run. For SNG's etc however I am not sure what a good sample would be to determine your average ROI that should hold through for the long-run, I am sure we have a couple of sng grinders that could comment on that however i wouldn't be surprised if its 500-1k sng's maybe.

These are my toughts, as mentioned to answer your question specifically I'd grind cash games because this is currently where I am looking to focus and improve my game.
 
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ryan1990

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Easy as to what I would do, if I achieved the goal that we wouldn't know until the end of the 2 month period. Firstly I would never set a financial goal unless I knew and had proven myself to be able to beat the game at a certain winrate. That way you know based on volume if something is possible to achieve or not.
So if you had a 5bb/100 winrate of 5nl that is 1$/400 hands to at that stake only you would have to play out 320,000 hands to reach your goal (but obv your going to move up stakes as your br increases. But lets say you don't, then your talking 10k+ hands /day to do this in a month or 5k+ in two months.

Anyhow math is math, I'm sure you can get the gist from above. Basically I would apply a 40-50bi rule and grind cash at 5nl to start and moving up as the br allowed. The primary thing we can control when playing poker is the volume we put in, especially talking online when you can run loads of tables (if you can do it profitably), so if your a winning player and put in the volume any financial goal can be achieved eventually it's just a matter of how long it is going to take.

Thus to say i'm going to make 800$ in two months is an unknown, whereas saying I'm going to put in 320k hands of 5nl in two months is within grasp if you can put in the time. Just my thoughts essentially on the cash side of things.

On the SNG side well its similar, we have primary control over the volume and ROI is the key for financial gains. To stick with a similar example of 5$ sng's (although only 40bi to grind sngs I'd consider rather agressive, probably prefer at least 75-100 myself) then you have to know an ROI (return on investment), say you have a 20% return on investment so for each sng you play you profit 1$ on average then you will have to play 800 sng's at the limit to hit your profit, so your talking 15/day to hit the goal in 2 months (grinding however 15 sng's / day is a small amount unless your doing it 1 or 2 at a time i guess).

Now to sum up its all about volume and your winrate, bb/100 in cash ROI in sng's/mtt's. I know to have a fairly good estimate on your cash winrate for a limit you are looking to want a sample of 50-100k hands for long run. For SNG's etc however I am not sure what a good sample would be to determine your average ROI that should hold through for the long-run, I am sure we have a couple of sng grinders that could comment on that however i wouldn't be surprised if its 500-1k sng's maybe.

These are my toughts, as mentioned to answer your question specifically I'd grind cash games because this is currently where I am looking to focus and improve my game.

Thank you for the reply sir. Much appreciated. One of the reasons I asked is because I screwed up big time in cash games. I had a $1,000 bank roll, and was playing .50/1 games max buy in of $100.

As you can see that is only 10 buy ins.....but the thing is I was killing it. I was making at least $30 a day....some days making $150 a day. I went 2 weeks without a single losing day. Cashed out my winnings and reset my bankroll at $1,000.

But than I tilted. Was playing a guy that just got under my nerves.....he didnt know where the fold button was. And than he would constantly get the river card. Made me angry.

Next thing you know Im chasing losses....moving up levels to chase those losses......and now am down $800.

I knew I was playing with fire with only 10 buy ins....but the thing is....I lost because of complete stupidity. The vast chunk of money was lost with me just playing like a complete and utter imbecile.

Part of me thinks I could still crush the $100 games....I believe in myself that much. But I want to play it safe.

I want to make this money back by grinding it out.....this will be a hard learned lesson for me.

And if anything, it will make me appreciate the game more, and I will learn some tricks along the way.

Heck, I dont care if I just make $10 a day. Thats 80 days.

I just started back today after taking a couple days off to calm down.

Played a .05/.10 max buy in of $10 and turned it into $30.

Up to $220 after my first day.

Probably going to give the SNG'S a go too....had some good luck with them before. Plus like you said, its all about volume and math.
 
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cotta777

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Hit n run poker,
and with $200.00 I would 100% get to 1,000 in a month and I've done it twice from $50.00
and from $150.00

start at 25NL and build upto 2 tabling 25-50 find the games that are running well for you, just keep changing tables hitting and running, and staying when its soft or going well until it gets hard or you get bad vibes.

8 buy ins should be enough, I cant remember a time ive ever lost 8 buy ins using strict pot control and careful table selection

obviously you need to play a low variance strategy game avoid all ins without Aces or kings, preflop.
your looking to get payed off playing in position and pick up some dead money off passive players
and repeat cycle table to table.
Its not a long term plan and can become exploitable but there are so many players that by the time you achieve it you can play a higher variance game with more swings

$200.00
 
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Poker Orifice

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Learn to practise decent bankroll management before you lose it all.

Find out what game you feel you have an *edge in (*note, I didn't say 'are lucky' in).

What I would do personally to run a $200 bankroll to $1,000 within 2mos. is likely to be alot different than yourself (I know what games/buyins/structures I have the most experience in & that I feel I have a significant edge in).

Instead of shooting to win a certain amount within a certain amount of time I think you'd be better off to pick a level/game you're comfortable with, then make a goal of how much volume you intend on playing.
 
dmorris68

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I've done this more times than I can count, but my method probably wouldn't suit you. I have a knack for DON's. I'm highly profitable in the 6-max games. For the past 2.5 years or so, I've run a starting BR from $5 to $200 up to $1200-$1800 or so, withdrew all but $200 and started over. My last run at Lock, I had withdrawn everything, not intending to play there again, but wound up with $2 or so from a delayed RB payment, and ran it back up to $1000 before withdrawing it again for the last time just as Lock hit the wall on payouts. I play stakes anywhere from $1 to $80, depending on where my BR was at the time. The $33 6-max games were my favorites for a long time until they got dropped, and they don't fill where I play now.

Now I primarily play $15 DONs because that's the highest games that fill where I play. They're great BR builders if you can adjust to the game, but they're not for everyone.

Definitely practice some sane BRM, no matter what you decide to do. At 10BI's you're doomed to failure. 30BI downswings are not that unusual.
 
Salvete777

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1-2 months is long time.
I would play micro or low stakes tournaments with buy-in $4-$12, if you are skilled to play in tournament's there where no barriers to win these $1000.
 
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AcesUp747

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Bet half your current stack on each spin, alternating red/black until you get to $1k :D
 
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play NL10 cash table
20 buyin is fine.

play about 3K hands per day, about 5bb/100 hands rate

everyday 3K*5*0.1/100=15bux
two months 15*60=900 bux

so add ur original 200= 1100 USD
and less variance , cos you played 3K hands per day,

at this large sample size, think 180K hands history, the expecting value should be very very closed to what u get. so would expect less than 2% variance

after two months, you could either get between 1080 or 1120.
 
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