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Old 06-18-2012, 12:36 PM   #16
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Re: Bankroll management

i googled PLO bankrollmanagement out of interest, and the general consensus was sooooo nitty it made me puke. i mean, there were guys who got flamed cause they played PLO25 with 1500 bucks. 100 bi for PLO100. come on...
i think nobody really can help you with your bankrollmanagement, it depends from person to person. if you dont care of becoming a pro or going broke, you dont need a proper BRM. you will likely go broke, true, but if it doesnt matter to you, whats the problem. you might aim for the big money and have a aggressive BRM.
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Old 06-18-2012, 02:31 PM   #17
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Re: Bankroll management

For the 100 bi rule are you guys talking about a professional roll? Or someone just looking to move up?

I used up to a 30bi roll for 200PLO and was thinking of how much I would need to break into the high stakes games, but I wasn't thinking nearly 100 bi. I was thinking 50 bi just to move up in stakes until say, 1000-5000PLO move it up to 100 bi.
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Old 06-21-2012, 08:16 AM   #18
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Re: Bankroll management

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Originally Posted by JEP714 View Post
For the 100 bi rule are you guys talking about a professional roll? Or someone just looking to move up?

I used up to a 30bi roll for 200PLO and was thinking of how much I would need to break into the high stakes games, but I wasn't thinking nearly 100 bi. I was thinking 50 bi just to move up in stakes until say, 1000-5000PLO move it up to 100 bi.
professionals don't move up?

like everyone can read between the lines itt, brm is very much a personal thing depending on your preferences, goals and strategies. figure out how much money you are willing to risk, run some variance sims to get an idea of your risk of ruin and go with it. and have a plan b in case you happen to bust.
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Old 06-21-2012, 09:33 AM   #19
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Re: Bankroll management

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Originally Posted by napsus View Post
professionals don't move up?

like everyone can read between the lines itt, brm is very much a personal thing depending on your preferences, goals and strategies. figure out how much money you are willing to risk, run some variance sims to get an idea of your risk of ruin and go with it. and have a plan b in case you happen to bust.
Thanks a lot for the variance_simulator link, Napsus! Quite interesting and make me feel more confident with going with the starting roll that gives me a 30BI span before bust.

Big question mark if I am good enough to maintain a 5BB/100 win rate. Guess table selection will be a huge factor.
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Old 06-21-2012, 12:27 PM   #20
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Re: Bankroll management

are you an experienced player?
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Old 06-21-2012, 01:15 PM   #21
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Re: Bankroll management

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Originally Posted by Abuelita View Post
Well, since I am not dependent on the 8k for any expenses or anything, I do not really see it as that big of a disaster. And I would go down to PLO200 if down to 4k. So I am basically bust if I lose 30 BI in total from start.
it seems a bit pointless you creating this thread given the fact that anytime anyone gives you advice other than your initial thoughts, you correct them as to why Y is better than X
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Old 06-21-2012, 01:57 PM   #22
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Re: Bankroll management

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it seems a bit pointless you creating this thread given the fact that anytime anyone gives you advice other than your initial thoughts, you correct them as to why Y is better than X
Not really, the initial response got me thinking of going as aggressive as I can. Do agree that Odd_Oddsens suggestion makes the most sense in a normal case. Though I do not have the time to grind it out professionally. Just wanted to hear some aggressive but reasonable without a kamikazee risk of ruin.

I am quite experienced, have played since 2003, although always on the side of working full time. Think my game is fairly solid, but huge problem with taking losses so predict this ending as it usually does.
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Old 06-21-2012, 11:48 PM   #23
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Re: Bankroll management

^

have you considered buying Jared Tendlers "The Mental Game of Poker"

It seems the $50 investment could improve your game by leaps and bounds
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Old 06-22-2012, 02:22 AM   #24
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Re: Bankroll management

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^

have you considered buying Jared Tendlers "The Mental Game of Poker"

It seems the $50 investment could improve your game by leaps and bounds
Thanks a lot for the tip, looks like the optimal read for me. If I ever tried doing i poker professionally I think a lot of live sessions with a guy like that would be a great investment. But for now, I'll read the book.
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Old 06-22-2012, 11:22 AM   #25
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Re: Bankroll management

reading it alone doesnt accomplish much apart from letting you identify your mistakes, its putting into practise what he preaches which helps your game, keeping a journal etc etc, it helped me IMMENSELY.

i would easily like to think the book has saved me a decent 50+ buyins from controlling tilt
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Old 06-22-2012, 03:14 PM   #26
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Re: Bankroll management

True, so many of the things in the book are so obvious and still manage to do the same mistakes over and over again. I def need to take small steps and "insert logic".

Still long way to go, played some PLO200 today, a lot of beats and all of the sudden I am sitting and playing PLO2000 with semi scared money. Might look into meeting a Jared type guy here in the UK after reading some in the book.

Thanks once again for directing me to that book.
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Old 06-22-2012, 03:29 PM   #27
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Re: Bankroll management

PLO2000 with a bankroll of 6K? how on earth can you be on scared money...
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Old 06-22-2012, 05:09 PM   #28
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Re: Bankroll management

Well, since I work full time (poker/casino company) I am not in trouble if busting the 8k currently set aside this time around. Think this is one of the "problems", thus not taking it seriously enough, so not pushing myself to play my A-game often enough.
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Old 06-22-2012, 06:02 PM   #29
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Re: Bankroll management

I think putting yourself in a position where you're going to have to move down as soon as you lose 10 BI is definitely too small of a margin even if you're not dependent on the money, and are just shooting for optimal BR growth. For a semi-serious winning recreational player that's interested in possibly transitioning PLO into a serious income stream at some point, I'd recommend starting out each level with 50 BI. That way, when you have $20K for 2/4, you'd have to lose 25 BI before having to move down stakes, and if you start at 1/2 and don't wanna play any lower than that, it will take a 50 BI downswing to run you out of money. Then, have a plan for what limit poker will start to become a serious part of your income, and don't play any higher than that without 100 BI. Trust me, as someone who would never take crazy shots, but would always be trying to push it just a little bit, playing with any less than that is a recipe for disaster, and will almost certainly lead to you losing your roll in the near future. If you have tilt issues already, this is even more important.

Also, it's very important that you set FIRM rules for yourself and hold to them no matter what. As soon as you break your rules once, and say "oh, I can play with X buy-ins at Y level this one time because (this game's so soft/there's no games running and I'm bored/I'm gonna use a really strict stop-loss), then your discipline's broken and it's over. From that point on you'll just go play with that number of BI all the time, and if you do run good, you'll do the same thing at the next level and the next level until you hit the inevitable downswing and end up losing it all. There's really no upside. You either run bad and lose your money or run good, and ingrain the BR management leaks even further within yourself, so that the bad habits will take many, many more months to break. Trust me, no one plays with 30 BI per level for 3 months, runs great, and suddenly sees the need to play it safe. You have to put yourself in a position to win from the start. Hope this helps.
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Old 06-22-2012, 06:13 PM   #30
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Re: Bankroll management

Quote:
Originally Posted by Abuelita View Post
Well, since I work full time (poker/casino company) I am not in trouble if busting the 8k currently set aside this time around. Think this is one of the "problems", thus not taking it seriously enough, so not pushing myself to play my A-game often enough.
This is fishy thinking. "I lack discipline in one area (focus) so maybe I can make up for it by being by undisciplined in another area (BR management)." If you ever wanna make any real money from poker, you have to be able to focus and play your 'A' game completely divorced from caring about the money from session to session. If you start with 8K at 1/2 and play well, even using the BR guidelines I outlined, you can easily be playing 5/10 with 100K six months later. It obviously takes a combination of skill and luck, but it's certainly not like that's such a small amount that you can't build it up to something good without being reckless.

Trust me, I've had every one of the thoughts that you're outlining, and it took years of hard experience to move past them. If you listen to the experiences of others, you can skip a lot of steps and potentially be able to succeed (assuming your game's good enough) in a short period of time, rather than years down the line if you continue along the path you're on now. Think of it as "moving up" in your potential to become a professional poker player.
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