Won big. How to best manage my new bankroll?

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CreepSt4r

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So after a year of some close encounters I finally won big. I am cashing out the majority of it but thinking about saving $10k for poker bankroll.

Now up until now I've basically played $10-$60 range of tournies. Is 10k enough to play more of a $100-$225 buy'in? I'd like to play alot of the sunday pokerstars tournaments consistently every week.

Any advice on good BRM here is appreciated.

P.S. This is not a brag thread or an epeen booster so please don't take it that way. Just looking for some good friendly advice. TY :)
 
Debi

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Congrats on your win even if this is not a brag!

I think you can dabble in some of those games with that bankroll. I wouldn't play them exclusively - but if you are only playing them on Sundays you could balance it by sticking to what you have been playing on other days of the week.
 
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CreepSt4r

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Thanks dakota. At some point I knew one of my runs in the sunday tournaments would workout.

Sounds like good advice though. Stick to $20-$55 through weekend and splash on sundays.

Ofcourse any other advice is welcome.
 
buzzmania

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personally i would stick to your normal play.stepping up usually puts you out of your normal range of play.keep using your br for sure..im sure we all want to step up to see where we stand with bigger buy-ins etc..been there and done that..maybe a personal challenge to yourself at your normal play,set a goal amount etc. seen some do it here and start a thread about it and make post,screenshots etc. and the peeps here will give you advice and feedback that will help you on your quest to the set goal.. just a thought......
 
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CreepSt4r

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personally i would stick to your normal play.stepping up usually puts you out of your normal range of play.keep using your br for sure..im sure we all want to step up to see where we stand with bigger buy-ins etc..been there and done that..maybe a personal challenge to yourself at your normal play,set a goal amount etc. seen some do it here and start a thread about it and make post,screenshots etc. and the peeps here will give you advice and feedback that will help you on your quest to the set goal.. just a thought......

Hi buzzmania. Can you direct me to a thread like this so I can see what theyre like?
 
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spstevens

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It seems that whatever you are doing has worked out well , "if it aint broke dont fix it " just keep on your successful path. Congratulations on your success.
 
Debi

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Hi buzzmania. Can you direct me to a thread like this so I can see what theyre like?

There are some challenge threads in the Brags and Bad Beats forum. Here is the monthly tournament chat thread if you want to hang out with some other tournament players:

https://www.cardschat.com/forum/tournament-poker-59/october-s-oasis-odeum-tournament-thread-214634/

I play tournaments as well but primarily live since Black Friday so I haven't been good about hanging out in the thread.

We also have some good money added private games at a few sites that you can jump in once you have 25 posts here. They are lower buy-ins - usually $5.50 - but with the money added they are good value. One of them is at pokerstars - there are only about 12-15 players in it each week and we add $50 to that one. We add $100 to most of them though - they usually have 20-25ish players.
 
cardriverx

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what did you win if i may ask
 
naruto_miu

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Well congrats on your big win and I hope it continues for you in the future...As other's have pointed out stick to what games your most comfortable in
 
Loonbat

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1st and foremost, congrats on the win!

There are several articles on BRM out there and I doubt I can improve on any advice given. However, I will share my personal BRM strat, so take from it what you will.

Almost every serious MTT grinder has experienced the good and the bad - extended periods where you can make every correct move and still get screwed time and time again as your 80/20s and 70/30s consistently fail to hold. My personal worst was a 25K downswing over a few month period, with an ABI (average buy-in) of about $60/game. Thankfully I had deep-pocketed backers and was able to turn the trend over a solid 6-week period. Given most (including me) do not have the seemingly unlimited BRs, I try (I emphasize "try") to play by tighter BR rules.

I like a 2% rule for buyins, re-evaluating after each session. I also believe in taking shots, allowing myself to exceed this on occasion. For example if I was going into a Sunday session and was working with a personal BR of 6K, I might decide to allow myself to play the Millions. The rest of my games would be 109s and lower. However, I never forgot my bread n butter games and would always pepper my schedule with plenty of 11s and 55s to help maintain BR, given I knew I had a greater edge in these fields. Variance busters most would say.

Utilize satty options. Give yourself the ability to play bigger games by satelliting into them. I played the Wed $320 on Stars several times by doing this. Keep track of the dollars you spend, though, and give yourself limited shots for each. Those with better BR methods would advocate using the first seat as T$ and playing a second seat if won.

Do not be afraid to drop down if you experience the downside of variance. With an unlimited BR you should obviously play any event you have an edge in, but with finite means, you need to be willing to drop your levels. The 2% rule allows this to occur naturally.

Best of luck going forth. Proper BR management can keep you afloat for the years which come.
 
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nice win. But please do NOT fall into the "I have a large BR so now I can move up" trap. You said "So after a year of some close encounters I finally won big".

So, did you win big because you can play at higher stakes, or did you just play normally and get a good run to get to a win? I'm not saying you suck or anything remotely like that, but do not assume because you win big in 1 tourney it means you can move up. Moving up should be done when you are winning/final tabling often. Moving up to higher stakes when you arent ready or skilled enough will only result in you losing that lovely BR again.

I play $30 and $60 SNG's, and know that $100 puts me against to many players who are more skilled or same skill than I am, which removes the edge you have.

If you can remeber the key hands, then work through them and see if you should of won the hand, or where on a nice run of luck.....

enjoy
 
Arjonius

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I'd lean toward staying at your current level until you've shown you can win with some degree of consistency. Given the variance in MTTs, "consistency" is a relative term, but I hope you understand what I'm getting at.

That said, I see no reason not to set aside a portion of your winnings to take shots at higher buyins.
 
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CreepSt4r

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Thanks for all the advice everyone. Generally consensus seems to be to stick lower but like a few others have said its worth taking a bigger shot for a bigger win occasionally.

TBH I will not be able to resist the odd Sunday Mlillion with this kind of BR anyway so I won't lie to myself.

As for the skill requirement factor of jumping levels etc. I don't want to kid myself into thinking I am the new cool flavored milkshake in the yard but I'm going to play a decent amount of big $109 and big $162 over coming weeks.

If it feels like I am out of my depth I will know I have to re-study some more advanced stuff and drop down.

Your advice has not fallen on deaf ears. I will put most of my focus now into seeing if I can consistently do well in $11-$55 MTT. Thanks again
 
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Debi

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When I could play at PS and was grinding online mtt's I played mostly $5.50 - $20 buy-ins. That didn't stop me from playing some of the higher guaranteeds from time to time - I played the Sunday million once.

I would usually treat myself after a big cash. I never had one as big as yours though - I think you are safe to play around a bit now at higher levels with a clear conscious lol.
 
wagon596

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It seems that whatever you are doing has worked out well , "if it aint broke dont fix it " just keep on your successful path. Congratulations on your success.
Reminds me of an old saying, "Dance With The One Who Brung You". Goodness I'm old. lol
Maybe play a few bigger tournaments,,, And congrats to you !!
 
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tcummo

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Instead of giving you some advice, you could give me
some advice (lol).
You could pm me everything you know about poker!
Just kiddin':D
Congrats on the win m8,
Good luck
 
dj11

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My advice is to only dabble a little more than you had been, not a whole lot. I agree with staying in those games you felt comfortable in.

If you should win another large prize you can then re-evaluate just how much more dabbling you want to do.

The importance of not having to play with scared money is understated. I assume you are no longer scared.
 
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CreepSt4r

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I think I will dabble a fair amount this sunday. Expecting another deep final table run is ambitious I suppose but at least I can afford the loss now.

Ill post back with results.
 
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deeshark420

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wow i need to move

wow i need to move i miss pokerstars for the us players.
nice cash. friendly advice when i cashed my 6000 from stars i played some bigger tournies and they are alot harder to get through im like the other guy splash on a sunday here or there and stick to what you know.goodluck in future wins.:jd4:
 
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CreepSt4r

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Ok so so far I've played a 2 big $109 and 2 big $162. They are definately alot tougher to get through. They are a lot harder than the Sunday tournaments as it seems quite hard to get paid off without a cold deck.

Got a small $350 cash or so in one of the $162's and busted in the others. However I came 2nd just now in $55 [1R1A] netting $2609.50. That makes me profiting a decent amount since my win. Hopefully this continues, it really feels like I plugged a lot of leaks in my game compared to my impatient tilting days last year and before.

PS tag is Jimbo_Mo btw.
 
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David G

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The best advice I'd have is to get out of tournaments exclusively now. Play them here and there but without much expectation, and get yourself in cash games. Also learn and enjoy different games (mixed games), it'll make you more rounded and always able to play/adapt to the setting.

Obviously start low(ish) and work your way up as you're comfortable and showing you're able to hold your own.

When people say there is variance in tournament poker they are not kidding and it can't be understated. I wouldn't wish that kind of poker life on anyone.
 
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credsfan03

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If I were you I would try to satelite into some of the bigger pokerstars sunday events. You could save a lot of money this way and still play in the big tournaments.
 
Bankroll Building - Bankroll Management
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