An exercise in Proper Bankroll Management

RiverNoHelp

RiverNoHelp

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Jun 8, 2006
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So after nearly 2 years of strict play money ventures on pokerstars and several other sites I finally buckled and started real money play online.. A (to remain anonymous) donor hooked me up with $10 in real money on Pokerstars..
I promptly lost all that within 5 days.. Then i lost three different $25 dollar deposits in the span of less than a month.. Finally, I decided enough was enough.. I seriously took a long hard look at the limits I was playing and realized that while I was playing near my actual bankroll I was playing well above my online bankroll..
My Stars account showed a little over $2.. One more $25 deposit was all I was ever going to make..Not because I couldn't afford it, but because I was determined to play smart and stay within my online bankroll.. Here we are a month later and this is how my sharkscope graph looks:


Notice the huge downsing at nearly 50 games played..I've grinded and grinded the $1 dollar STT's exclusively since then to nearly get myself back to even.. My PS balance right now is $104.. I will not move up to the $5 STT's until my balance reaches $150; actually make that $170 because I am going to send my original donor double the money he sent me to pay him back.. I will no longer be risking more than 3% of my roll on any tournament (a la Chris Fergusons' online experiment).. Any advice in general would be greatly appreciated..Thanks in advance!
 

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Stick66

Stick66

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Notice the huge downsing at nearly 50 games played
Nope. I don't notice. Graph not showing up. You'll have to take a screenshot of the SS graph, crop it down, save it to your hard drive, upload it here, and then post it for it to show up.
 
RiverNoHelp

RiverNoHelp

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Got ya..sorry about that!

Graph showing yet?
 
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reglardave

reglardave

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Good job man. keep it going. In addition to being economically rewarding,practicing proper BR management is a good lesson in self discipline, and a fun challenge to one's self.

It seems we had this discussion once before; yo like to play Omaha8, right?
 
RiverNoHelp

RiverNoHelp

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Good job man. keep it going. In addition to being economically rewarding,practicing proper BR management is a good lesson in self discipline, and a fun challenge to one's self.

It seems we had this discussion once before; yo like to play Omaha8, right?


That's correct.. I love Eight or Better.. Haven't played it too much for money though since no $1 S&G's are available..Did play a few $5 S&G's during my improper BR stage though..Hence my roll troubles..
 
ChuckTs

ChuckTs

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Nice job, man. Looks like you've got a good consistency goin, keep it up.
 
Bankroll Building - Bankroll Management
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