what to do, i really dont know whats best

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RamdeeBen

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What to do..
Hi guys..kind at my wits end to a degree. I’m mainly a MTT/SnG tournament payer. I deposited over a month ago ($10) and made it my mission to implant good bankroll managament. I was going to try from 0$ and try see if i could turn it into something but i belive with the amount of entrants and all-ins all the time, it’s really difficult to achieve it. So i just went with depositing my “final” deposit. It’s not been to bad because for over a month i’v managed to still keep my 10$. Its just been up and down, with the highest amount so far at around 35$ and lowest going to around 7$. I’m quite confident that i can keep my orginal deposit and not lose it by keeping the tight bankroll managment and playing 0.25/0.50 buy-in sitNgo’s with the occasional mix of 1$ buy in’s but obviously have to be careful so i dont drain such a small bankroll.

The problem is (i dont know if people will see it as a problem) it seems to be quite draining and after a month not showing very much. The only thing i’m showing is that i’v not lost my money. Now, i sat there for 3 hours the other night in a 0.25 tournament, took much longer than normal and i cashed, and gained around 4cents...I sat there and wondered was it worth it. I know it’s worth it in the sense of learning poker and not jumping in the deep end but i am a gambler and gamble on horses and don’t know if i should try jump up a level or two by depositing maybe 100/200$ and trying slightly more buy-ins. At least then if i cash like i have been doing which is around 24% of the time and out of those 50% have been final tables then i would feel the time i’v put in has been “worth” it..

I'm quite confident even if i continue playing at these stakes that i will cash in a larger tournament it's just waiting for that to happen. I know this sounds arrogant and over confident but i believe i perform quite good at these stakes..

Your views would be great on this and maybe can point in the right direction, maybe I'm just being inpatient although at a table i am very patient and don't get bored then start playing rubbish hands.

Would be great to see your views on this..
 
wrung24

wrung24

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It really depends on what you really want to achieve in poker in the mid term, most players have the short term figured out (playing your A game is an example) and the long term figured out (be as good a player as you can possibly be, make a really big cash, ...), in between is a little more tricky.

If you're new to poker then you shouldn't really be worrying about your first deposit, you're at the beginning of a long journey, and in my opinion, making more mistakes now will help you become a more solid player. If its a slow process then its up to you if you want to stay patient or not, which brings us back to thinking mid term goals. Do you want to take it one step at a time and gradually get better through mistakes (which will become rarer as you go along) or do you want to splash some cash straight away and go for that big score without even being sure how you did it or indeed if you ever will make it (cheesy example : would you rather be Jamie Gold or Phil Ivey ?). There is no wrong answer, you just have to be honest with yourself.

I think most people on this site will back me if I say that there is no real reason for you to be able to beat high buy in tournaments, if you're struggling in the low buy in ones, but most people have had that thought in mind at the beginning of their poker careers. But if YOU think you can do it then go ahead, who am I to stop you ?

Set goals and be honest with yourself, I'm sure you'll make it.

Hope this helps
 
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RamdeeBen

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Thanks for your reply. I'v gone through what you have said and agree with and understand what you're saying.

My mid term goals, well i'm not exactly sure. Nor am i sure of short term. I know long term, probably like 99% of poker players is to raise their game, raise their stakes and of course try turn over a profit. If im successful, well time will tell. I don't know how you would define new to poker, i mean iv played it many times before with friends and occasional online games, going back 5/6years. I knew what made a hand and the very basic concepts of poker. I did'nt take note to pot odds/outs/position etc.

However, for around 1-2months i decided i wanted to play poker and decided to learn as much as i could. So, i think i study quite hard in this, i'v read 3 books in the past month, two of which being the dan harrington and particpate in forum discussions and read other peoples questions and answers they get just to educate myself as much as possible.

I'm not saying i can "beat" the higher buy-ins nor am i sure if i could even compete at the level. How do you define struggling in low limits? I guess someone struggling is someone lossing? IF that is the case then i don't think i'm a lossing player since i started playing/studying. Like i say, iv finished "ITM" 24% of the time and 50% of those times, got to the final table so i dont know if thats good. I know it isnt bad espically with the variance and really bad players at this level.

I just purely want to move up based on me being a gambler and the example i said before sitting in a SNG 45 man for 3hours to get 4 cents just made me think more. Maybe i could do that in 2/5$ games, if my BR is big enough and at least it wouldn't be as bad if i waited 3hours to get maybe 15$ back. Kind of doesn't feel like time wasted.

ps: How long does an average/good player have a steady bankroll or rather one month have say $100, gain some then lose some etc. One month later, hovering around the 100$ mark again.What does this mean apart from the obvious..? They are just an average player at their level or just being unlucky and will eventually get a decent win? I believe if you can keep a steady bankroll, you can't possibly be a bad player, or can you? lol
 
wrung24

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You could put what you said into your mid term goals (for example : I'm going to play x number if SNG of a y buy in during September), then if your bankroll permits it, move up, goals are easier to maintain when you can physically keep track of them.

That's good that you're tying to improve, you should be doing that throughout your life as a player. The most efficient way to learn is to read stuff that was specifically written for the games and stakes that you play in. Some of these high end books may be giving you the illusion that you understand that level of play (which in some cases only really applies to high stakes)

I'm answering the "How do you define struggling in low limits" question by using your own words : You said that it wasn't bad especially with the variance (which is correct, all players have runs of bad luck in their career) and the really bad players at this level. If they're that bad then how are you unable to beat them ? Of course they make some silly moves but it is up to you to be able to play well against them, and you can beat them, you just need to figure out how (through learning and more importantly playing).

Also if you say you're a gambler then it's possible that you're thinking about the money too much, get away from that, think results and good decisions instead of $$$.

I would also recommend you play SNG for the most part, and play MTT occasionally, your bankroll will thank you.
 
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anonimousplz

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I would encourage to deposit 100$, use the 100 buyins rule and just play 1$ tournaments untill you up your bankroll enough to play the next level.

At the moment even with your self proclaimed confidence, you can't know if your a winning player yet as im guessing that you havnt put in the required volume. I would recommend getting a few poker books and trying to work on your game while playing. I cant stress enough how important good bankroll management is, no matter how good you are it wont matter and you can still bust your roll if you dont implement bankroll management!

good luck!!
 
lektrikguy

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It's all relative to your bankroll. Some might think you "only" deposited $10, but you've lasted over a month with just that $10. You got up to $35-that's 250% profit. You have to realize that 4 cents is a profit. I recommend not getting caught up in only making 4 cents for 3 hours. You showed a profit. If you're new to poker stay at this level until you are comfortable enough to step up-keep your losses cheap until you get a couple thousand hands under your belt. Then consider depositing more. Who knows-you may get that money up to $100. Don't get down on yourself-I can lose $10 in an hour. Nice job on your bankroll management.
 
Daniel72

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I think it´s better to deposit a decent amount like $200 and play a ton of micro games. But it´s possible to go from $0 with freerolls like Chris Ferguson did. (Avoid the large field freerolls, take the private ones.) From $0 it takes very long, but it´s very satisfying...
:p
 
Clambake420

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Yea im in the same boat, deposited 10 beginning of the summer bumped it up to 60 playing sng's then started playing well out of my bankroll took a couple hits and was down to 20. Then i started implementing good bankroll management and got it back up to 40. Granted it took a couple months but i also dont play nearly as many games as i should. I probably only average 2 9 man sng games a day. (haha, i know ill never show profit at this rate). But what these guys said, just stay within your bankroll and through time solid play will show results, might not be as fast as you want it to come but eventually you will get up enough to jump up stakes and increase profit/hr.
 
xdeucesx

xdeucesx

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Also, get your number of posts up to 65 and participate alot on these forums and you can play in the freerolls on cardchats as well
 
lektrikguy

lektrikguy

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I think it´s better to deposit a decent amount like $200 and play a ton of micro games. But it´s possible to go from $0 with freerolls like Chris Ferguson did. (Avoid the large field freerolls, take the private ones.) From $0 it takes very long, but it´s very satisfying...
:p

In this economy some don't have $200. Even if they did it's really just throwing it away if they're not comfortable with the game yet.
 
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