Bankroll Management..

hpb846 · Nov 28, 2013

well.. ive started my journey into online poker about 2 months ago. I started off by losing about $100 in a couple days and I took a few weeks off and got back into it , with full force.

I played around on 3 diff sites , made quite a few minimum deposits , lost em all everytime , but was improving ...

now 3 days ago I deposited $20 into bovada , got it up to $60 before I went to bed.......... the next day got it up to $100.............. next day got it up to $150.......... last night lost $50 ........... this morning lost $50.............. then just now got it back up to $100 even.....

Ive found I have great success in the $7 and $14 triple ups because risks aren't worth taking typically and strategy in them is so simple and plain....... however the type of play is boring so I up the stakes ........ im 1 for 4 in $25 triple ups , im like 4 for 6 in $14 trip ups and like 4 for 6 in $7 trip ups

I rarely cash in big MTTs , ive done well in a few 9 max sit n gos , I prefer 6 max touneys , wheter its a mtt or not.............. ive cut out cash games completely...........

there is some info from me ...... any advice?

BluffMeAllIn · Nov 28, 2013

Not really sure what advice your looking for other than "You are following very poor BRM".

7$ and 14$ and 25$ games on a average 100$ BR? I actually don't consider triple ups to be lower varience because its still only the three places paid out of 9, yes you don't have to get first to make a decent score but you can still go on a loosing streak.

Double ups a low varience, probably the lowest you will ever experience but I wouldn't even consider good BRM for those to be less than at least 20bi's and even that could be pushing it IMO.

Just my thoughts, DON's and TUPs are not the most exciting, however I have been hating on the TUPs personally, and find the 6max DON's at bovada are good in terms of not boring me to death however can still have their swings.

If your going to play the TUP's for a decent BRM stick with the lowest, I believe its 3$ until you have at least 200 to give you ~30bi for the 7$ games and perhaps try and stick with a 30bi rule minimum or something, reg sng's would typically be a 50bi rule min for decent BRM.

newbie in training · Nov 28, 2013

Dont build your br olaying poor br management trust me ive lodt quite a bit you dont want to do it!!!lol id stick to 4.40 max bi and probably less since your considerably new (me too) and funny thing is ive lost 30 over the month but im playing with the casinos money lol

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Arjonius · Nov 29, 2013

First off, I don't subscribe to the thinking that I have a separate BR on each site. I have one BR that includes all the money I'm willing to use for poker, no matter where it is and how it's split up. This means my BR includes not just money on poker sites but also in my e-wallet, plus any money in my pocket and bank that I'd be willing to deposit and play with if necessary.

I use the amount in this single BR to determine how high I can play. Fwiw, I usually play lower.

If you're playing above your BR, then it basically comes down to exercising enough self-discipline to stop. There may be some tips that can help, but there are no magic pills. Those tips can only help if your desire to stop is strong enough for them to push you across the line.

No one cashes very often in big MTTs. Since about 10% get paid, it's unrealistic to expect to cash more than about 15-20%. And ITM isn't nearly as important as ROI anyway.

Jacki Burkhart · Nov 29, 2013

Arjonius said:
First off, I don't subscribe to the thinking that I have a separate BR on each site. I have one BR that includes all the money I'm willing to use for poker, no matter where it is and how it's split up. This means my BR includes not just money on poker sites but also in my e-wallet, plus any money in my pocket and bank that I'd be willing to deposit and play with if necessary.

I use the amount in this single BR to determine how high I can play. Fwiw, I usually play lower.

If you're playing above your BR, then it basically comes down to exercising enough self-discipline to stop. There may be some tips that can help, but there are no magic pills. Those tips can only help if your desire to stop is strong enough for them to push you across the line.

No one cashes very often in big MTTs. Since about 10% get paid, it's unrealistic to expect to cash more than about 15-20%. And ITM isn't nearly as important as ROI anyway.

yep, my total bankroll is my total bankroll, all inclusive between live and online.

that said...I do play DOWN to my online bankroll on each site....so even though my total bankroll allows me to play $200-$1,000 buy ins for live tourneys....when I'm online I'll play only UP TO my bankroll for that site. Right now I play a $525 bankroll on Bovada and so the most expensive tourneys I'll straight buy into are $3.30 and I'll satellite into the $10+1 occasionally if I'm feeling like taking a crack at bigger stakes.

When I pull money off the site to put back into my "total" bankroll I'll make sure to leave myself enough so that I can still play my normal stakes with little risk of going bust. For me that usually means leaving at least $200 but $300 is more comfortable.

Arjonius · Nov 30, 2013

Since I can move money in a few seconds from my e-wallet to almost any site where I play(the main exception being bodog), I don't worry about keeping a minimum number of buyins on any of the others. So on at least half the sites where I have money, it's a small number of buyins, even just 1 or 2.

micalupagoo · Nov 30, 2013

to OP
LEARN BANKROLL MANAGEMENT
if you can't do that, you will forever be a depositing player cuz variance/downswings WILL take your roll

we've all had to learn the hard way
gl

eneainter999 · Nov 30, 2013

yes u really need to learn bankroll managment i use too play in 5 different sites before now i am using just 2

glenn6971 · Nov 30, 2013

With just a BR of 100 you definitely need to look at lowering the stakes you play.

hpb846 · Nov 30, 2013

, currently i have $95 in my poker account , i don't want to ever make a deposit again! ,

what is your exact advice with my current bankroll ,

newbie in training · Nov 30, 2013

Can play 1.10 mtt 2nl 1.10 sng thays bout it...

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hpb846 · Dec 1, 2013

over the span of 30 days , on $100 if I ONLY play $1.10 sng's and MTT's , what are the odds my br will be ? ........

over $200??

hpb846 · Dec 1, 2013

I blew my bankroll , cuz I suck , I tilt , and gamble too much .... I cashed $270 in an mtt the other day , had a check sent , so , since im now on E , I basically have broke even in an online poker , I may be up a tad , as of right now , Im ahead , but not by much ,

hpb846 · Dec 1, 2013

im in a $13 triple up for the remainder of my br , if I win , ill take a step away till tonight , if I lose ,,, ill be mad , prolly punch something ad stew in anger for an hour , then be just depressed about all the bad moves I made that I knew were bad but still did them ,

honestly I tell myself that im beat , and they XX ( whatever) , and I call , and they flip over exactly what I had read them to be on... this happens way way way too often

hpb846 · Dec 1, 2013

money is gone , im ****ing pissed , oh well , I had built up a nice br , and I pissed it away in 48 hours , I suck , I am a horrible gambiling addict , I love poker and I love playing , and I love the excitement , but I cant step away when I need to ,

positives - I haven't lost money OVERALL in online poker , but its basically even ,

negatives - I had $103 yesterday , if I played semi-smart , odds are id be able to play with that for awhile , I say semi smart because , $1.10 is too low for the excitement I need. PERIOD. I couldn't continuously play that low of stakes , I could meet in the middle near $2-5 mtts and sngs , but id have to have a good ROI , in order to stay interested at that level .........

so facts

I am not going to be a professional poker player , ever ,

I LOVE poker , and as long as it doesn't cost me too much money I will continue to play ,

if I have the time , a fun Friday night to me is playing $20 worth of sngs and mtts as opposed to going out , so I look at online poker that way sometimes , I am stuck in the middle of the road here with my style and goals whne it comes to poker

I feel , if I had a STOP button ,that someone could push for me , id be a winning pl;ayer , almost definetly , however , whats a winnig player?

if to be a winning player , u have to clear a profit regularly ,

well if it takes , hours a day at micro stakes in order to profit $10-50 a week on average , then ............ no thanks............. I don't have the time or patience to play that much at that level in order to profit $10 a day on average , I get that playing within ur bankroll keeps u form losing large sums of money , and keeps u going , and overtime is extremely wise , but BIG picture here ,

over 3 months will say , if I play the way I play , I could be anywhere from -$300 to +$2000 , odds are will be close to even

over 3 months , playing within my bankroll , I could be anywhere from , -$50 to +900ish odds are id be around even to +100

I belive my guesstimated numbers are semi accurate , and honeslty , even looking BIG P
ICTURE , im not really interested in playing micro stakes

newbie in training · Dec 1, 2013

If your not interested in playing micro srakes save up 550 and put that into bovada then say to your self im gknna drop down if I drop 100 its pretty simple stuff althoigh remember the bigger the field the more the variance 550 is a good starting br for the 1000 gaurranteed

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Jacki Burkhart · Dec 1, 2013

hpb846 said:
money is gone , im ****ing pissed , oh well , I had built up a nice br , and I pissed it away in 48 hours , I suck , I am a horrible gambiling addict , I love poker and I love playing , and I love the excitement , but I cant step away when I need to ,

positives - I haven't lost money OVERALL in online poker , but its basically even ,

negatives - I had $103 yesterday , if I played semi-smart , odds are id be able to play with that for awhile , I say semi smart because , $1.10 is too low for the excitement I need. PERIOD. I couldn't continuously play that low of stakes , I could meet in the middle near $2-5 mtts and sngs , but id have to have a good ROI , in order to stay interested at that level .........

so facts

I am not going to be a professional poker player , ever ,

I LOVE poker , and as long as it doesn't cost me too much money I will continue to play ,

if I have the time , a fun Friday night to me is playing $20 worth of sngs and mtts as opposed to going out , so I look at online poker that way sometimes , I am stuck in the middle of the road here with my style and goals whne it comes to poker

I feel , if I had a STOP button ,that someone could push for me , id be a winning pl;ayer , almost definetly , however , whats a winnig player?

if to be a winning player , u have to clear a profit regularly ,

well if it takes , hours a day at micro stakes in order to profit $10-50 a week on average , then ............ no thanks............. I don't have the time or patience to play that much at that level in order to profit $10 a day on average , I get that playing within ur bankroll keeps u form losing large sums of money , and keeps u going , and overtime is extremely wise , but BIG picture here ,

over 3 months will say , if I play the way I play , I could be anywhere from -$300 to +$2000 , odds are will be close to even

over 3 months , playing within my bankroll , I could be anywhere from , -$50 to +900ish odds are id be around even to +100

I belive my guesstimated numbers are semi accurate , and honeslty , even looking BIG P
ICTURE , im not really interested in playing micro stakes

I definitely understand the aversion to grinding microstakes for a tiny profit... But you don't do it for the money, you do it to build the skills and discipline necessary to beat the higher stakes that DO interest you.

It's like if you what to be a mountain climber, you don't start with K2 or Everest, you work your way up from small day hikes in your neighborhood...

houtlijm · Dec 1, 2013

i've been using the bankrollmanagement rules by chris ferguson. google them. they are solid and you will be able to build a big bankroll

hpb846 · Dec 2, 2013

missjacki said:
I definitely understand the aversion to grinding microstakes for a tiny profit... But you don't do it for the money, you do it to build the skills and discipline necessary to beat the higher stakes that DO interest you.

It's like if you what to be a mountain climber, you don't start with K2 or Everest, you work your way up from small day hikes in your neighborhood...

that is finally a reason that I can relate with , very good point

ruben35 · Dec 3, 2013

houtlijm said:
i've been using the bankrollmanagement rules by chris ferguson. google them. they are solid and you will be able to build a big bankroll

i definitely agree with this because of experience this works great!! thats if you are a winning player tho. good luck man hope you can follow the brm skill of poker.

Arjonius · Dec 8, 2013

pinkfloyd92 said:
yes u really need to learn bankroll managment i use too play in 5 different sites before now i am using just 2

If you think like I do, that you have one big BR, not a smaller one for each place you play, then how many sites you play on doesn't matter.

skysurfer3 · Dec 8, 2013

bust

I recently went on bust and pissed away all my money too. But to be a winning poker player we must learn bankroll management and it's far better to learn such a skill at lower stakes. Learn the skills now so that when you progress to higher stakes you won't go bust because you have the BR management skills you needed to succeed.

hpb846 · Dec 8, 2013

this is all very helpful thanks

sunburnt2k11 · Dec 18, 2013

those double up and triple up are really hard to play online. i know when i was at the hard rock casino and hotel, they had those top 3 wins out of 6 mini sng and i lost six sng in a row before cashing two on the last leg. that was long night for me. play those micro nh or low mtt. that's my opinion.

Dee Dee · Dec 19, 2013

Probably if you are depositing $100 you should not be playing anything over $2 and even this is only 50 buy ins so sit&gos would be the best and quickest way to build a br. Playing $7 or $14 games is just going to cost you and tilt you out.

Bankroll Management..

hpb846

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