A kink in Bankroll Management

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This Fish Chums

This Fish Chums

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So, bankroll management says you should only play with 5% of your bankroll at a time (oversimplified for argument's sake). So, let's say you are not well off and for you a couple hundred dollars is a lot of money. You decide to start with a $100 bankroll and that whenever you reach $250 you're going to withdraw $150 to live on, sending you back to the $100 level. In this case, the player is doomed to forever play low stakes poker because their bankroll management percentages will not allow for them to get higher than the low stakes before cashing out.

Any thoughts on how such a player could get to play at the higher stakes and still adhere to good bankroll management? This is sort of the situation I'm in which I've come to realize is the reason I have such a hard time sticking with bankroll management.
 
Ovuvuevuevue

Ovuvuevuevue

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Well, a lot of it depends on what your goal is from poker. If you're a recreational player who doesn't rely on poker for all their living expenses then you can afford to leave your bankroll to grow. That way you can move up stakes when you get the chance. If you're a professional player then you need two very important things: a very large amount of skill and an even larger bankroll. You need to withstand variance and win enough to sustain your living expenses. Your winrate, living expenses and game types determine what your bankroll needs to be to become a professional. So that's the ugly truth about playing poker for a living: it's really, really hard.
Nothing's impossible, though. Find a way to reduce your living expenses or increase your income, simple as that. Increasing your profit involves a lot of study, great game selection, and long hours. Reducing living expenses is a lifestyle thing and there are always ways to save money.
 
Kenzie 96

Kenzie 96

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Well, a lot of it depends on what your goal is from poker. If you're a recreational player who doesn't rely on poker for all their living expenses then you can afford to leave your bankroll to grow. That way you can move up stakes when you get the chance. If you're a professional player then you need two very important things: a very large amount of skill and an even larger bankroll. You need to withstand variance and win enough to sustain your living expenses. Your winrate, living expenses and game types determine what your bankroll needs to be to become a professional. So that's the ugly truth about playing poker for a living: it's really, really hard.
Nothing's impossible, though. Find a way to reduce your living expenses or increase your income, simple as that. Increasing your profit involves a lot of study, great game selection, and long hours. Reducing living expenses is a lifestyle thing and there are always ways to save money.





Well said.
 
NHequalsFU

NHequalsFU

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Not unless you get to the point where you don't have to withdraw the $150.

If you are consistently making some money and poker is just a hobby not sure you can move up to the higher stakes while withdrawing consistently.

Another option would be to be staked into higher levels. If you show you are a good player that can beat a level and want to play higher you could try and get staked to play higher.

I checked out you Twitch stream a few nights ago. Need a cam/mic or at least respond to chat if you want to grow your channel. Good Luck to you.
 
monstr999999

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Having invested $ 100 and earned $ 250 - withdraw $ 100 to the card, and leave $ 50 in the bank. earning $ 150 each month and taking $ 100 each and leaving $ 50 each. Thus, in 10 months we will have $ 600 in the bank. And you can increase contributions to the game)))
:rock::rock::rock:
 
This Fish Chums

This Fish Chums

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Having invested $ 100 and earned $ 250 - withdraw $ 100 to the card, and leave $ 50 in the bank. earning $ 150 each month and taking $ 100 each and leaving $ 50 each. Thus, in 10 months we will have $ 600 in the bank. And you can increase contributions to the game)))
:rock::rock::rock:


Hmm, I hadn't looked at it that way before. Withdraw most, but not all of the winnings and allow the extra bits to pile up. That makes a lot of sense. Thanks.
 
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Or if you can make a little money on the side for one or two months doing something else than playing poker, then you won't have to withdraw at all and can up the stakes while giving you time to adjust and play on a new level. If all goes well you, next month you will be able to either withdraw more than $150 or as the previous poster said, withdraw $150 and let the rest of the bank grow.
 
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