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CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming

11-07-2013 , 10:59 AM
Good link mate! Especially lesson 5 - Don't put it in the duck feed bin hahahaha
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 12:27 PM
Thanks to you I found that. I wanted to know how they hid money on sopranos. I never watched. I guess I need to buy a series now.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 02:16 PM
The weekend is approaching. So it has me thinking. Day did not start off well. Got some bad news but hey, life rolls on. Can't dwell on failures must move forward. Hoping I can make some money tomorrow in this home game. Really need a quick turn around.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 04:10 PM
So looks like I will be able to have some type of HH. Gonna go play tonight. Can't wait!
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 04:26 PM
This thread is quickly turning into a vagina monologue.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 04:34 PM
Quote:
Originally Posted by iLikeCaliDonks
.... And a reason why so many players including myself don't know what the best bankroll building strategy is.

Things would be easier if I was shot taking a higher level. Since I would be cautious of the players, aggression frequency and variance. So you play a little timid.

I just don't have that feeling anymore and it sucks. Because I'm inexperienced.
As someone who has literally built a roll up from $200 several times, I feel I'm an expert at building bankrolls.

My advice is simple. In the beginning when our bankrolls are fragile nestlings there is nothing more important than growing them.

Here is one run I had back in 2011...

Day 1, BR $200, bought into 1/3nl game for $200, was at super juicy table, first double up happened within 30 minutes. I IMMEDIATELY TABLE CHANGED, bought into next table for $200, ran that up to $600 over 3 hours nut peddling. Left casino $800 up for the day.

Day 2, BR $1k, brought two $200 buy-ins with me to the casino. Sat down at 1/3nl bought in for $200, nut peddled for 2 hours until I got my double up, did IMMEDIATE TABLE CHANGE, bought in to next table for $200, nut peddled for 3 hours until I got another double up, cashed out for the day $400 up

Day 3, BR $1.4k, brought two BIs to the casino, sat at 1/3nl and ran it up to $600 at super juicy table but once I hit $600 I had to table change to preserve roll, bought into new table for $200 and got coolered, cashed out for the day $400 up

Day 4, BR $1.8k, bought into 1/3nl table and again at super juicy table and ran it up to $800 within 3 hours then table changed again to preserve roll. Bought into next table and ran it up to $800 in 3 hours then table changed again to preserve roll, bought into new table and busted a BI, cashed out for the day $1.2k up.

Day 5, BR $3k, bought into 1/3nl table and ran it up to $500 in 3 hours then did a table change to an action table. Bought into next table and ran it up $1k, once I won the big pot putting me at $1k i did an IMMEDIATE table change. Next table, took 4 hours to make additional $200, then cashed out for the day up 1.2k

Day 6, BR $4.2k, brought 2 buy-ins $250 BIs to casino, lost both within 1 hour on coolers

Day 7 BR $3.7k, bought into 1/3nl table for $250, played 8hrs up $450, cashed out

Day 8 BR $4.1k, bought into 2/5nl table for $350, ran it up to $1,300 over 4 hours then table changed after won big pot, bought into next table, ran it up to $1,000 after 5 hours, then cashed out

Day 9 BR 5.7k, bought into 2/5nl table for $400 ran it up to $1,000 within 2 hours then did a table change. bought into next table and lost $400 BI, cashed out done for the day

Day 10 BR 6.3k, bought into 2/5nl table for $400, ran it up to $1,000 within 5 hours, then table changed, bought into next table $400, ran it up to $800 over next 2 hours then cashed out

Day 11 BR 7.3k, lost two $400 buy-ins over 6 hours

Day 12 BR 6.5k, bought into 2/5nl table for $400, ran it up to $900 over 8 hours, cashed out

Day 13 BR 7k, bought into 2/5nl table for $400, ran it up to $2k in 4 hours, IMMEDIATE table change after last big pot. Bought into next 2/5nl table and ran it up to $800 over next 4 hours, cashed out

Day 14 BR 9k, bought into 2/5nl table for $400 and made horrible play and lost BI, done for the day

Day 15 BR 8.6k, bought into 2/5nl for $400, ran it up to $1,500 in 5 hours then did a table change. Bought in for $400, ran it up to $1000 in 5 hours, done for the day

Day 16 BR 10.3k, bought into 2/5nl for $400, played 8 hours, cashed out $500 breakeven day....


this was the start of one of my legs back in 2011 and as you can see, in the initial stages yes we have to take risks BUT the most important thing is preserving and growing our roll. I can't tell you how hard it was to leave a super juicy table, but the simple mathematical fact is that it doesn't matter how good of a player you are, you can't overcome RoR (risk of ruin) when your roll is anemic and your playing with 40%+ of your roll on the table over significant periods of time. Or put another way, its just more important to cash out and grow our rolls than to take the risk of having too great a % of our rolls on the table. All that theoretical "never leave a juicy table" crap is poor consolation when you lose 60% of your roll.

If we are a winning player, then our rolls WILL GROW over time so there is just no need to risk it all on a "juicy" table just because we aren't patient. .

Below is a post I made in the LLSNL BRM thread

Quote:
Originally Posted by dgiharris
There is a camp that believes fervently that you don't leave a game no matter what as long as you are on your A-game...

but as someone who has had to grow a roll from scratch several times, my answer is more pragmatic.

There is only so much risk we should be willing to take with our rolls. I mean, the whole point is to grow our rolls and we can't grow our rolls if we aren't able to leave tables when we are up.

To that end, my advice is that when you are at $4k, the most "profit" you should be willing to risk is 20%, so when you hit $800-ish, it's time to just pack it up and leave.

It really comes down to objectives. When my bankroll is $4k, my objective is to BUILD MY ROLL. To that end, there is only so much risk I should be willing to take. Or put another way, lets say there is a table full of mega-donks at the 25/50nl table. These players are the worst players EVER, they love to overcall and gamboool. Minimum buy-in to the game is $4k. Should we take our entire $4k bankroll over to that game?

No. No we shouldn't. Because we can not afford the consequences of busting our entire roll (google "Utility of Money")

If I were to flip the argument around and look at it from a different point of view, A good question to ask would be: "What are the consequences of cashing out when 10% or 20% of our bankroll is on the table?" Is it really so bad to do so?

Below are two tables which show a 10% BRM and 20% BRM winstop respectively

Sessions.... 10% winstop... 20% winstop

......0 ...............4000...............4000
......1 ...............4400............... 4800
......2 ...............4840............... 5760
......3 ...............5324............... 6912
......4............... 5856 ............... 8294
......5 ...............6442............... 9953
......6 ...............7086............... 11944
......7 ...............7795............... 14333
......8 ...............8574............... 17199
......9 ...............9432............... 20639
......10...............10375............... 24767

So as you can see, there are worst things in the world than increasing our bankroll in 10% and 20% chunks. Obviously there will be some losing sessions in there as well... but the point really is about risk vs reward and how much risk can/should we tolerate in building our rolls.

This kinda reminds me of the tortiose vs the hare. Slow and steady wins the race. Poker is one long session, so we can take a deep breath, relax, and cash out. The game will be there tomorrow.

Another aspect is the mental aspect of cashing out repeatedly. The piece of mind that comes from making money and cashing out goes a long ways towards keeping us on our A-game for the next session. The reverse of this is having a $4k roll, being at a super juicy table, getting up to $1.2k and then getting coolered or a bad beat. The fact that we made $2k in Sklansky bucks but have no real money to show for it isn't going to help our mental state. We will be obsessing about that "suck out" all the way to our next session. Gee, wonder how good we will play with that ball of tilt inside our chest???

Anyways, when I am in "build my bankroll" mode then I adhere to the 10% - 20% rule of thumb, I will cash out once 10% of my bankroll is reached, but if I'm at a super juicy table I will double that to 20%.

Once I have a healthy bankroll, then I can loosen my BRM or even take shots at bigger games or tolerate more risk and play with even 30% of my bankroll on the table if I'm at a ridiculously juicy table that can make my entire monthly nut in one night... But until I'm well rolled, I will adhere faithfully to my 10% - 20% rule of thumb depending on the table dynamics.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 04:36 PM
You ran like god dude.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 04:58 PM
Quote:
Originally Posted by Richard Parker
You ran like god dude.
Yeah, I ran good, however, a significant "part" of my running good was hit-n-running and cashing out immediately after big scores.

Truth be told, a lot of players could "run like god" if they could just cash out.

But no, they can't. They win and the table is juicy and they just can't bring themselves to leave, they hit a mini-cooler, tilt and bust out or they stay until they get fatigued, make poor decisions and bust out... I see this every single day every time I play. I see it from rec-fish and I see it in halfway competent players that could be winning players if they just didn't play until they were fatigued or tilted and lost it all...

Had I not have hit-n-run my winnings, that leg would have never happened and it would have been crushed in its infancy.

So yeah, its good to run good, I'm not arguing against it. but the point of that post was to highlight the importance of hit-n-running when we are growing our rolls because RoR is a coiled snake just waiting to strike and F us in the goat ass especially when our rolls are anemic.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 05:07 PM
As a reg, hit and run just won't fly for me.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 05:30 PM
Dgi,

That's ****in gold man. Very informative for someone like me. I'm going to stick to that BRM building. I agree I'm one of those guys you are talking about. Stay at a juicy game trying to win everyones stack. I have reads and situations I'm looking for to stack someone or a few.

Can't believe I have been trying to play super poker from the start with no bankroll. I been doing it wrong all along.

This thread was the best thing I could ever do. How would I be able to talk to someone as smart as digi.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 05:33 PM
Quote:
Originally Posted by dgiharris
Yeah, I ran good, however, a significant "part" of my running good was hit-n-running and cashing out immediately after big scores.

Truth be told, a lot of players could "run like god" if they could just cash out.
Crazy I have been playing poker for a long time and I always thought I have never ran hot. I see why. I do run hot but I lose it all. Or hit and run and spend half of it then lose the rest.

I guess the saying is true. Once you win the money it yours. Treat it as such and preserve your bankroll for a rainy day.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 05:52 PM
Thanks again Digi, my attitude of get rich(a bankroll) in one day has been the wrong train of thought for a long time.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 05:56 PM
Subscribed, GL Cali!
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 05:56 PM
Quote:
Originally Posted by Richard Parker
As a reg, hit and run just won't fly for me.
when you are well rolled, absolutely... no need to hit and run.

But if you are NOT well rolled or worse, if your roll is super anemic, then not hit-n-running is a huge huge HUGE leak...
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 06:00 PM
Quote:
Originally Posted by dgiharris
when you are well rolled, absolutely... no need to hit and run.

But if you are NOT well rolled or worse, if your roll is super anemic, then not hit-n-running is a huge huge HUGE leak...
+1

Definitely my biggest leak smh.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 06:01 PM
What I mean is that I rather not play poker with the amount of negativity that will be aimed toward me.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 06:15 PM
Quote:
Originally Posted by Richard Parker
What I mean is that I rather not play poker with the amount of negativity that will be aimed toward me.
This is just one of those things that are "worse" in your mind than in reality.

If you only have one casino in your neck of the woods and you play with the same 20 players day in and day out then that could be a concern.


In CA where ILCD is, the player pool is so big its a non issue.

Also, truth be told, for those of us doing this for a living, its a matter of survival. In the end, its better I have the money in my pocket vs having no money in my pocket but the "good will" of the other players at the table...

Lastly, there are ways to hit-n-run without being too douchey. A bathroom break, miss an orbit, come back, put your cell phone to your ear and say, "Okay baby, I'll come home right now..."

again, all that matters when your roll is short is growing it, everything else is secondary...
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 06:18 PM
I was just telling my baby momma. That I been doing it wrong. And the money is safer in my pocket then on the table.

Growing roll>secondary bs
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 06:26 PM
Don't get me wrong, I am not saying ILCD shouldn't do it, just that I can't do it.

Technically no one should be able to turn decent profit in my game.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 08:12 PM
Funny thing just been said about me at the table.

A guy that I don't really know said that he used to play a lot here and thought I was the most solid player here. Then he came back last week a year later and saw me stack off with Q4s that he's not sure anymore.

I am quite proud ATM.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 08:20 PM
Lmao what a donk.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 08:21 PM
Last time I played Q4s I lost with trips ott after I lead and couldn't fold 30bbs lol. I don't play Q4s anymore. **** that hand.


What was your HH dickie?
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 08:23 PM
That was the only time I ever played Q4s haha.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 08:27 PM
Wihahhahahahah. You should see how I played a hand just now.
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote
11-07-2013 , 08:29 PM
I had Q6 in the BB. Limped pot, 5 way.

Flop 667, I donk 3bb, UTG tight kid calls, HU.

Turn Q.

I check, and he confidently bets 5bb.

River 9.

I check, he bets 12bb, and I flip over my hand and say call.

Guess who won?

Ever lose a hand and own the other guy?
CaliPro-----Bankroll Building Challenge-------Poker, Life and Brainstorming Quote

      
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