CRITIQUE My DoN Bank Roll Build Strategy.

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AKPOKER

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Hey guys. Pretty new to the bank roll building. Still at that stage where I could be making huge mistakes but please let me know what you think of my bank roll building plan in DoN tournament games. (Double Or Nothing) 6 people on Bovada.

Starting Bank Roll:$100
Play 40 Tournaments a week.
Make top 3, get doubled up on 24/40 Games minimum.

Move up in games on the following conditions

BANK ROLL. GAMES
100. $5
200. $10
400. $20
1500. $50
4000. $130

Edit***
At 8,000 I plan to switch to Cash games.
$2/4
Move to to 3/6 at around 25,000.

and at $75,000 cash out everything and start playing $5/10 Live Games professionally. With a (3month $1/2 live game training to get a hang of it before i move to $5/10)

My bank roll goal is $5mil before I leave poker.


Now I plan to Cash out 75% of my bank roll every month also for Live Bank Roll/self spending/
 
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Ozzzzy

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Hey guys. Pretty new to the bank roll building. Still at that stage where I could be making huge mistakes but please let me know what you think of my bank roll building plan in DoN tournament games. (Double Or Nothing) 6 people on Bovada.

Starting Bank Roll:$100
Play 40 Tournaments a week.
Make top 3, get doubled up on 24/40 Games minimum.

Move up in games on the following conditions

BANK ROLL. GAMES
100. $5
200. $10
400. $20
1500. $50
4000. $130

At 8,000 I plan to switch to Cash games.
$5/10
and at $40,000 start playing $10/20 Live Games


Now I plan to Cash out 75% of my bank roll every month also for Live Bank Roll/self spending/

Its better to play 5$ games till 600-700$ br. if its necessary for ur selfspending. And... are u going to cash out 75% of ur br EVERY month???

UPD. Lets count. U win 24/40 games = 60% winrate, ~170 tournaments a month * 0.6 - 170 * 0.4 = 170$ pure profit/month and u will cash out >200 $ ?
 
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AKPOKER

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Its better to play 5$ games till 600-700$ br. if its necessary for ur selfspending. And... are u going to cash out 75% of ur br EVERY month???

No not in the beginning, most likely when I start making atleast $1,500/Month I will. Out of that 75% I will use about 50% on self spending, and 25% for my Bank Roll as I don't want all the bank roll online.

So $5 games until 700 bR?
 
ConDeck

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I think you are being slightly optimistic with your bankroll management here...

Also Is there a reason why you intend to switch to cash games at $2/4 ? No offence but you will be eaten alive at those stakes with no cash experience. 6 max cash games play COMPLETELY different to a 6 max DorN... Id recommend starting at 0.05/0.1 and playing 10K hands at each with a bb/100 of atleast 3 over this sample before moving up, even with a bankroll of 8K.

I would recommend the following tbh...

Allow for 50 buy ins for the DorN if possible at each stake.

At 400 start playing the 5c/10c games aiming for 2K hands per week on top of your DorN.

Move up the stakes at the DorN at the 50 BI BRM but only move up in cash when you are showing a positive Bb/100 over a 10K sample, moving down when you reach 40 buy ins at the level below.

This allows for variance at both and will allow you to develop your cash game as your progress without taking a MASSIVE risk when you want to start playing the higher games.

You may be aiming for 24 out of 40 as a goal on the DorN but this is long term... You could easily lose 20 in a row on a downswing at your current skill level but then win 78 of your next 120... Your current BRM would not allow for this...

Be interesting to hear others thoughts as I only have experience of BRM for cash games and my DorN experience is a bit out of date and with the 10 handed on PS
 
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AKPOKER

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I think you are being slightly optimistic with your bankroll management here...

Also Is there a reason why you intend to switch to cash games at $2/4 ? No offence but you will be eaten alive at those stakes with no cash experience. 6 max cash games play COMPLETELY different to a 6 max DorN... Id recommend starting at 0.05/0.1 and playing 10K hands at each with a bb/100 of atleast 3 over this sample before moving up, even with a bankroll of 8K.

I would recommend the following tbh...

Allow for 50 buy ins for the DorN if possible at each stake.

At 400 start playing the 5c/10c games aiming for 2K hands per week on top of your DorN.

Move up the stakes at the DorN at the 50 BI BRM but only move up in cash when you are showing a positive Bb/100 over a 10K sample, moving down when you reach 40 buy ins at the level below.

This allows for variance at both and will allow you to develop your cash game as your progress without taking a MASSIVE risk when you want to start playing the higher games.

You may be aiming for 24 out of 40 as a goal on the DorN but this is long term... You could easily lose 20 in a row on a downswing at your current skill level but then win 78 of your next 120... Your current BRM would not allow for this...

Be interesting to hear others thoughts as I only have experience of BRM for cash games and my DorN experience is a bit out of date and with the 10 handed on PS


You have a lot of valid points. However I am an experienced ring player, but new to real money. I've just recently decided to switch to cash games two months ago. ( the last two months ive been playing live games for fun at 1/2 and i turned a $40 minimum buy in to $600, and then eventually lost it all) I would say I do take big risks which I want to minimize and since I fell in love with the game I've considered going pro and understand the bank roll necessity. But the tables i play at bovada are 6 people DoNs as opposed to 9, or 10, I've also read where 20 buy ins for DoN is pretty common. Now with that do you still suggest 50? Maybe not 20, but somewhere in between? As for turning to cash games, i agree that i should start in the micro stakes, that makes sense.
 
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Missed the cash out part too... I would not recommend taking out 75% of your bankroll each month, or even 75% of your profit tbh even at a higher level as it would make progression atleast 50% slower if removing 75% of profit and not allow for downswings.

When showing a constant profit over a large sample at the higher stakes withdrawing 50% of pure profit is ok I think
 
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AKPOKER

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Missed the cash out part too... I would not recommend taking out 75% of your bankroll each month, or even 75% of your profit tbh even at a higher level as it would make progression atleast 50% slower if removing 75% of profit and not allow for downswings.

When showing a constant profit over a large sample at the higher stakes withdrawing 50% of pure profit is ok I think

Okay, thanks. How much cash out would be right for me? Ex ($1,400 being made per month) I don't plan to cash out at all until that happens. I want to be able to cash out enough to have spending money as I've took on a part time job so I can take poker really seriously and be able to give it enough time to learn. So I would eventually need some extra cash coming in
 
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Also I planned to take out a percentage of my bank roll, but still keep it as my bank roll but in real life as I'm wary about using gambling sites with a huge chunk of cash in it. Thoughts?
 
ConDeck

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You have a lot of valid points. However I am an experienced ring player, but new to real money. I've just recently decided to switch to cash games two months ago. ( the last two months ive been playing live games for fun at 1/2 and i turned a $40 minimum buy in to $600, and then eventually lost it all) I would say I do take big risks which I want to minimize and since I fell in love with the game I've considered going pro and understand the bank roll necessity. But the tables i play at bovada are 6 people DoNs as opposed to 9, or 10, I've also read where 20 buy ins for DoN is pretty common. Now with that do you still suggest 50? Maybe not 20, but somewhere in between? As for turning to cash games, i agree that i should start in the micro stakes, that makes sense.

Experienced ring player but new to real money? Please expand? If you mean you played for play money this is COMPLETELY different again. You will learn some things here but will develop ALOT of leaks also....

The fact you bought in for $40 concerns me about your skill level, why did you buy in for the minimum? you want to be atleast 100bb deep. Losing it all again confirms my worries as to lose a 300bb stack is a concern as i doubt this happened over 1 or 2 Nuts vs very near nuts hands...

20 buy ins probably is common for experienced players that are showing consistent profits at DorN.... with what you are saying about you liking to take risks and being new to the game a larger BRM would be advisable. I wouldnt like any less than 40. Any less your asking to go broke. Remember you have to win ATLEAST half your games to be profitable and as yet you have nothing to say you can even achieve this.... you leave no room to grow learn and develop as you play here, you are just presuming your good enough to do it from the start...

The 10 handed tables I am talking about are still DorN tables, while the games will be much tighter, with 4 EP added in, the principle for BRM is not too much different IMO.

The cash games definitely start at the micros.

Your love of poker and commitment will not be enough to go pro as you wish, many hours will need to be invested in studying and learning of the felt too. I am not saying its impossible but you have a long hard journey ahead in which I wish you all the best but I would advise the above.
 
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Okay, thanks. How much cash out would be right for me? Ex ($1,400 being made per month) I don't plan to cash out at all until that happens. I want to be able to cash out enough to have spending money as I've took on a part time job so I can take poker really seriously and be able to give it enough time to learn. So I would eventually need some extra cash coming in

When you are showing a consistent profit for 3 months of $1000 to $1500 then ask this question... until then it is irrelevant and you have no sample to suggest this is attainable at current. I would not even worry about this for now.

However, 50% of pure profit would be my recommendation if wanting to withdraw. 75% with some live bankroll is also fine. The key is ensuring your online bankroll is still deep enough to allow for variance and continue playing at your current stakes while also continuing to grow and allowing you to progress.
 
ConDeck

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Also I planned to take out a percentage of my bank roll, but still keep it as my bank roll but in real life as I'm wary about using gambling sites with a huge chunk of cash in it. Thoughts?

Again, worry about this when you are approaching "huge chunks of cash in your account"
 
atlantafalcons0

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$100 to $75,000 challenge sounds reasonable.

Keep us posted!
 
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I'm playing online right now.

Update. So i have been playing $5 DoN
I've played 5 Games. I've won 3. So yeah that's about a 60% Ratio. I'm playing really tight, the games I've lost i was pushed out with blinds.

It took me about 2/ half hours to achieve 5 Tournaments. So i would say if I play 5 hours a day (break every 5 tournaments to avoid tilt)thats 10 tournaments with a profit of $4.50 a day. It would take me about 26 Days(30 because i won't be playing everyday to get to a $1000 bank roll or less conservatively which is my new bank roll goal to switch to $10 games.
Now I've made it a priority to not multitable until my wins are more constant. I will impliment multi tabling on the $10 midway to my $20 transition, which will be a $4,000 bank roll. I'm taking very strict brm I've decidedI rather spend a year building my roll and be a good player than to rush it.

Also I will be receiving a payout of 40% once I reach the $10 Tables once a month (since payouts are free once every month)
For self spending. It will take me about a year to have a solid bank roll.
 
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Again, worry about this when you are approaching "huge chunks of cash in your account"

I cannot send you a pm as I am still new to this forum. But thank you again. Cheers!
 
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Hey mate. First about me- I have played poker for about 4 years, played about 3,000 sit and gos overall. I have tried a lot of what you are doing. I play double or nothing's on PKR every day. $100 for $5 games is pretty small. When I played $3.50 and $6 DorN my bankroll was $400. I think play at $5 until you have a secure winning strategy, maybe up until $400+. You are risking too much in my opinion, always play super safe with bankroll.

Secondly, I also believe it is very very risky to move to such high stakes at cash games, I would DEFINITELY play thousands of hands at lower stakes to see where you're at first.

And if you do have success in sit and go, double or nothing or even the regular games, where only top 2 cash, maybe keep this going as well for some extra profits. At higher stakes these sit and go can be quite profitable- I know some players make $100,000 a year grinding 6 man sit and gos. Keep me posted anyway and good luck. My current bankroll is $500 (from $8 a couple months ago) I am playing $6 tournaments.

Finally, I would actually recommend multi tabling. At least play TWO tables at once because double or nothing is slow and decisions are quite basic, you don't want to get bored and trust me you will! I play between 4-8 tables at once ALWAYS. Play at least TWO, it is no more difficult than ONE table. Thanks.
 
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Recreational Player, Serious Player, Professional Player

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Limit: $0,02/0,05
Buy-In: $5
Recreation Player:.......10 times x : $50
Serious Player:............20 times x : $100
Professional Player:......50 times x : $250
 
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