intiekkeko
Rock Star
Silver Level
OzExorcist
Broomcorn's uncle
Bronze Level
Provided the additional tables don't adversely affect your game (eg: you're six-tabling and losing in a game you'd otherwise be winning if you were playing one or two tables) then definitely multi-table. You'll make a better $/hr figure and progress much more quickly.
We have to walk before we can run though - if there are people that aren't sure if they're even beating one table at a time, multi-tabling would be disastrous. That goes for STTs and cash games as well.
We have to walk before we can run though - if there are people that aren't sure if they're even beating one table at a time, multi-tabling would be disastrous. That goes for STTs and cash games as well.
C
Chemist
Legend
Silver Level
PERHAPS there is one point to add to your excellent advice.
Reading this reply made me think that this is possibly even the most important aspect.
Here you say 'Congrats - you caught the upside of variance'.
and you have a section titled 'You Have To Get Lucky' but it doesn't mention managing your luck.
Everyone has heard of BRM, but not very much is written on VLM (Variance Luck Management) perhaps because I just invented it.
How many times have you heard of people building a bankroll only to lose it all in a massive downswing period?
PRACTICE GOOD VLM
During bad VLM don't risk your bankroll on anything.
During good VLM maybe have a go at an MTT.
variance and luck are clearly not measurable but most people are aware if they are on a winning, losing, or regular streak. Recognising and managing bankroll usage with VLM could help bank roll building and avoid bankroll loss.
madtom1337
Rock Star
Silver Level
lollilols.
Variance is like a roulette wheel. There will be streaks of reds, streaks of blacks, highs, lows, etc. etc. - but just cuz there's 15 blacks in a row doesn't mean the chance of there being a red isn't still 50/50.
Poker Orifice
FoolsTilt
Platinum Level
Oh Nooooo.... this is almost a continuation of your last time here on the forum... in the 'everything rigged thread' (yah... I remember who you are now... ugh.)
I cashed in 3 of 3 tourneys I played for one priv. forum this weekend (3rd, 5th, & ITM)... so basically I should prolly buyin to all the Sunday Majors?
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BigJamo
Aussie Elite
Silver Level
Bankroll From Zero
Gday all, Not long back I was down to absolute zero, (Full Tilt), I then watched a video of Chris Furgusons, win $10,000 in 18 months, from nothing. I thought to myself, now thats a challenge. So here I am BROKE, with some of Chris' advice, thinking where im going to get cash from, it worked out being the Australian Regional Freeroll, (it pays $2 for 10-27 place). So now I too have now won my first $2, my next step was to work out how to get it moving, after much pondering, I decided to go for cash ring games, (only cause $1.10 Sit-n-go just didnt seem a good choice to start with), and i was on my way, 40c min. buy-in, 1-2c BB. Well its been 1 month now, and im now over the $20 mark, (im not a big Full Tilt player, maybe an hour or so daily. Gotta go now, I'll keep you all posted on how im going each month.
Gday all, Not long back I was down to absolute zero, (Full Tilt), I then watched a video of Chris Furgusons, win $10,000 in 18 months, from nothing. I thought to myself, now thats a challenge. So here I am BROKE, with some of Chris' advice, thinking where im going to get cash from, it worked out being the Australian Regional Freeroll, (it pays $2 for 10-27 place). So now I too have now won my first $2, my next step was to work out how to get it moving, after much pondering, I decided to go for cash ring games, (only cause $1.10 Sit-n-go just didnt seem a good choice to start with), and i was on my way, 40c min. buy-in, 1-2c BB. Well its been 1 month now, and im now over the $20 mark, (im not a big Full Tilt player, maybe an hour or so daily. Gotta go now, I'll keep you all posted on how im going each month.
spiderman637
RIP Buck
Silver Level
I would strongly recommend MTTs to build a bankroll from tiny amounts...Thats how spidey did it...Have a beautiful looking bankroll(never deposited a cent, except for withdrawal purposes) now in almost 7 to 8 rooms...And its all because of MTTs !!!
OzExorcist
Broomcorn's uncle
Bronze Level
While this is all well and good, I still maintain that for everyone like you that has successess with MTTs there will be hundreds more that are killed by the variance. There's just no way around that fact.
Deathwish238
Rock Star
Silver Level
Great thread. Currently working on my bankroll which is sitting at $60 from depositing $50 a long time ago. I'm a bit rusty and I feel like a noob lol, but I don't think I've ever played more than 1k hands online...so I have a lot to play.
haha you're not a serial poster until the entire first page of a subforum has your name under Last Post next to every thread
haha you're not a serial poster until the entire first page of a subforum has your name under Last Post next to every thread
alaskabill
Legend
Silver Level
Actually, he first posted it 6 months ago. If it was stickied or put in a FAQ or in the articles section, it wouldn't keep disappearing. (hint, hint, Dakota, or mods)
I posted a link to this thread probably 6-8 times in different threads. I think I'll just start bumping it once a month. It is IMO, the best writing and discussion on bankroll management on CC. Although MrMonkey has also written some nice things on the subject.
BigJamo
Aussie Elite
Silver Level
Gday, Great Thread. I know my responce is way too late, but I only just found it.
Since joining CC, I have been down to Zero bankroll. Im now at $78, (I got the ball rolling with a $2 freeroll pay) and I was at $96, but had a bit of a downslide, but, ill keep grinding away and get back up there.
I started a Thread myself asking for advice on BRM, and I found that the players here where very helpfull, (wish I had found this thread earlier).
This Thread is PERFECT, for all players, especially players like myself, TY, your Info. its extremely valuable to the evolving player, like me.
Also, thanks to Mr Whatever and poker-orifice for the added input. All this info. is great, keep feeding to us.
Since joining CC, I have been down to Zero bankroll. Im now at $78, (I got the ball rolling with a $2 freeroll pay) and I was at $96, but had a bit of a downslide, but, ill keep grinding away and get back up there.
I started a Thread myself asking for advice on BRM, and I found that the players here where very helpfull, (wish I had found this thread earlier).
This Thread is PERFECT, for all players, especially players like myself, TY, your Info. its extremely valuable to the evolving player, like me.
Also, thanks to Mr Whatever and poker-orifice for the added input. All this info. is great, keep feeding to us.
OzExorcist
Broomcorn's uncle
Bronze Level
This is an interesting guarantee.
Is there any fine print, or can I assume you'll ship me $6 from your own bankroll if I don't cash in this $5 tournament?
xdeucesx
Bar Master
Silver Level
Z
ZNT746
Enthusiast
Silver Level
I know this is an old thread but it is a helpful one, especially in the US today when people are hesitant to deposit money on sites, a lot of people (including myself) are trying to build from freerolls. I wish I would have read this earlier because awhile ago I won $23 in a freeroll and since I've been mistakenly switching from MTT's to SNG's to cash games(all NLHE) and also PLO cash games which I never usually play, just trying to build my bankroll but failing. I'm now down to $5. After reading this I really think it is a good idea to stick to your best game. My best game is NLHE MTT's but your advice about those having too much variance is very true. My $5 bankroll just doesn't work well with those, so I'm deciding to stick to NLHE SNG's. The smallest ones are $1 so I basically have 5 tries to make the money and make a profit, I still like my odds more than if I were switching back and forth like I was. Thanks for the great thread.