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wagonfire's exercise in bankroll management wagonfire's exercise in bankroll management

07-04-2010 , 05:34 PM
Hi, been lurking around this forum for a bit but new to posting here. Thought I would join in by starting a thread to track my progress (or lack thereof) over the next year.

For the past couple years I've been playing all kinds of different games at all kinds of different stakes and while I've had some good runs here and there the fact remains that overall I've been a losing player online. I attribute much of this to my complete lack of bankroll management. Therefore I have issued a challenge to myself and it goes as follows.

- I have deposited $50 on Pokerstars (wagonfire) where I will play only 8-game mixed cash games starting at $0.20/$0.40 and never putting more than 10% of my roll into play.

- I have also deposited $50 on Full Tilt (wagonfire) where I will play only SNG's and MTT's also never investing more than 10% of my roll (more likely never more than 5% if I can help it).

My goal more than anything here is to demonstrate some sort of self control and bankroll management over the course of the next year or so and IF I manage to build up any money during this time I plan to reward myself by using that money to fund a trip to Vegas next summer during the WSOP and playing in whatever little events my bankroll will permit me to.
wagonfire's exercise in bankroll management Quote
07-04-2010 , 11:55 PM
If you can commit to solid bankroll management, then in the long term, I'm sure you'll be happy with the results. Good luck!

Any reason you're playing one type of game on Stars and another type on Full Tilt?
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07-05-2010 , 01:16 AM
If you want, you could always set the max limits you play on stars so you cant go above that. You can change the limits whenever but it takes 24 hours so that is enough time to get off tilt.
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07-05-2010 , 01:19 AM
Welcome itwasalladream! It's great that you are trying to start with some good bankroll management, however this plan is still pretty risky. Typically the most aggressive bankroll management strategies suggest only playing with 5% of your bankroll in cash games, and 2% for tournaments.

It's unfortunate that the lowest 8-game is .20/.40, that really doesn't leave you with much wiggle room on a $50 budget. However if you really like the 8-game, keep an eye out for the $2.20 8-game tournaments. They fill mostly with people who are sort of testing the waters with these mixed games, but who really don't know how to play most of the games beyond how they are dealt (for some of the low and h/l games, some players don't even know hand rankings). This is one tournament that I would say is ++EV for anyone who knows even a little basic strategy for a couple of these games, and is worth breaking the 2% mark to play.

Good Luck!
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07-05-2010 , 02:36 AM
Quote:
Originally Posted by amoon
Any reason you're playing one type of game on Stars and another type on Full Tilt?
Well, not really any reason to split the types of games between the sites other than the fact that I prefer to play on Full Tilt but they don't offer the 8 game and I'm trying to improve on the games I'm not quite as comfortable with such as 2-7 triple draw.

Basically I just thought this would be a simple and interesting way to track my results in cash and tournament play and see how they differ.
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07-05-2010 , 02:38 AM
Quote:
Originally Posted by Fatcatn2
If you want, you could always set the max limits you play on stars so you cant go above that. You can change the limits whenever but it takes 24 hours so that is enough time to get off tilt.
Yeah I considered that but I'd like to believe I have the discipline to do it on my own. I guess we'll see.
wagonfire's exercise in bankroll management Quote
07-05-2010 , 02:46 AM
Quote:
Originally Posted by Snow Krash
Welcome itwasalladream! It's great that you are trying to start with some good bankroll management, however this plan is still pretty risky. Typically the most aggressive bankroll management strategies suggest only playing with 5% of your bankroll in cash games, and 2% for tournaments.

It's unfortunate that the lowest 8-game is .20/.40, that really doesn't leave you with much wiggle room on a $50 budget. However if you really like the 8-game, keep an eye out for the $2.20 8-game tournaments. They fill mostly with people who are sort of testing the waters with these mixed games, but who really don't know how to play most of the games beyond how they are dealt (for some of the low and h/l games, some players don't even know hand rankings). This is one tournament that I would say is ++EV for anyone who knows even a little basic strategy for a couple of these games, and is worth breaking the 2% mark to play.

Good Luck!
Yes, I must admit I didn't plan this out as well as I could have but I'm gonna try to stick with the current gameplan. Definitely not as much room to move around in my current bankrolls as I would like. At the moment I'm not playing any tournaments with a buy in higher than $2.20.

I agree that it is unfortunate .20/.40 is the smallest 8 game. The minimum buy in is $2 but I feel like that's a little too small of a stack to get any respect off the other stacks at the table so I've been buying in at $4. Hopefully I can get a good little rush early to give me a little more breathing room here.

Anyway, not much to report at the moment but I'll update this when I've played some more hands. Thanks for the encouragement, good luck guys.
wagonfire's exercise in bankroll management Quote
07-05-2010 , 07:51 AM
Well, today was a spectacular failure in the world of MTT's. I managed to dump nearly 40% of my Full Tilt bankroll in 7 tournaments. Results were as follows:

- $2.20 NLHE - 248th/748
- $1 daily dollar - 4,586th/7,273
- $1.10 NLHE (rebuy) - 135th/452
- $0.50+0.10 NLHE (rebuy) - 500th/1,768
- $2.20 NLHE - 128th/ 494
- $1.10 NLHE (rebuy) - 44th/ 389 (top 36 paid)
- $2.25 NLHE 180 SNG - 23rd/180 (top 18 paid)

After going 0 for 5 it looked like I was gonna cash in both of the last two at the same time then I got it all in preflop in the 180 man with JJ and some guy called off nearly his whole stack with Q10 suited only to spike a Q and knock me out. Minutes later I 3 bet all in preflop in the $1.10 rebuy with AA and got called by KK only to watch him spike a set and knock me out of that one too. *sigh* Oh well, I feel like I played pretty well today, not much more I can do but get it in with the best and cross my fingers.

Looking back on todays action I think I should probably stay away from the $1.10 rebuys until I have a little more money to play with. If it wasn't for the rebuys I'd only be stuck about $10. Also I had 1 table of $.20/$.40 8 game going during a few of the tournaments and after some swings ended up finishing down 38 cents. Weeeeeee!!! Current chip count:

Pokerstars: $49.62
Full Tilt: $31.78

wagonfire's exercise in bankroll management Quote
07-05-2010 , 06:44 PM
Well, I have officially blown up and failed miserably in under 48 hours. On the upside I think I set a personal record for most consecutive tournaments played without a single cash. You will also notice that I tilted and stepped out of my max buy in goal by playing in the $5 daily doubles as well as a $3.30 90 man KO that I'm currently still hanging in.

Now for the record, the money doesn't really mean much to me, I just don't like losing and I know that the fact I don't mind reloading when I go bust is one of the things that makes me a bad player but it's hard not to tilt when you're contantly getting run over by idiots.

A couple of my favourite busts today:
- A guy I have noted as a loose idiot 3 bets all in over top of my raise preflop and I call with JJ. He has 64 off (yeah, really) I spike a set of Jacks then he backdoors the wheel. Runner runner baby! Weeeee!!!!
- Next tourny I have AQ, I pot it preflop and get 1 caller. Flop comes Q rag rag rainbow. I bet just under the pot size (about 800) he goes all in over top for another 3000 (had me covered by about 200) I call. He shows JJ. Turn comes another Q then of course J on the river for the 2 outer.

Anyway, here's the new list of failure.

- $3.30 NLHE knockout - 589th/978
- $1 daily dollar rebuy - 2,739th/5,905
- $5+1 early double A - 1,205th/1,682
- $5+1 early double B - 588th/1,771
- $0.50+.05 satellite to the BLT turbo - 82nd/151
- $2.20 NLHE - 607th/1012
- $3.30 NLHE KO SNG - Currently 5th of 15

Looks like this SNG is my last hope on Full Tilt. I still have $49.70 to dump on Pokerstars if this doesn't come through.

Last edited by itwasalladream; 07-05-2010 at 07:08 PM.
wagonfire's exercise in bankroll management Quote
07-05-2010 , 06:46 PM
Quote:
Originally Posted by Fatcatn2
If you want, you could always set the max limits you play on stars so you cant go above that. You can change the limits whenever but it takes 24 hours so that is enough time to get off tilt.
does ftp have a similar option?
wagonfire's exercise in bankroll management Quote
07-05-2010 , 06:48 PM
Just doubled up. Currently 2nd of 13. If I take this down I'll be back above even. How sad.
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07-05-2010 , 07:05 PM
Just got it all in preflop for about 30,000 in chips with KK got called by QQ. As expected Queen on the turn and I'm out in 11th (top 9 paid). I hate this game so much. Time to take up something I might be able to win at like maybe knitting?
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07-05-2010 , 07:12 PM
I think I'm gonna rename this thread "watch wagonfire blow up and tilt off all his money". I think that will be more entertaining anyway.
wagonfire's exercise in bankroll management Quote
07-06-2010 , 09:20 AM
There is a good reason for the 2% rule, these large tournaments are not easy games! They require lots of skill, patience/endurance, and a good dose of luck to win.
wagonfire's exercise in bankroll management Quote
07-07-2010 , 12:23 AM
Quote:
Originally Posted by Snow Krash
There is a good reason for the 2% rule, these large tournaments are not easy games! They require lots of skill, patience/endurance, and a good dose of luck to win.
You make a valid point. I think one of the issues here is that I just can't bring myself to committ to the super micro stakes, I get too bored at any games that are 2% of a $50 bankroll. I think I'm gonna play around in a few tournaments with my remaining bankroll and if nothing pans out I'm gonna start over again but this time do it properly. I'll deposit something like $500 and try to committ to the 2% rule. I know I probably sound like an idiot but I'm not trying to make a living here, I'm just doing this for fun. I just wanna add a little more discipline to my game.
wagonfire's exercise in bankroll management Quote
07-07-2010 , 12:59 AM
If you are going to go ahead and put a real bankroll online, you might as well pull your starting percent back to 1%. With $500, you can get in on a lot of tournaments like the $4.40 180 man on stars. Actually both Stars and FT run a ton of good tournaments for under $5 that play much better than the real nano stakes.

I know you're not trying to make a living, but it would be nice to not have to deposit every month!

Good Luck!
wagonfire's exercise in bankroll management Quote
07-23-2010 , 03:10 PM
Hey guys, was wondering if someone could direct me to a site that tracks results in cash games. I know how to get onto OPR and sharkscope to remind myself how much I suck at tournaments but I recall a few months back finding a site that tracked my results in cash games as well.

I'm currently playing $0.50/$1 PLO 6 max and once again finding myself wondering why I even bothered going back to playing tournaments in the first place. Some time ago I was having pretty solid success in the 6 max PLO games and I'm trying to go back and check out what my stats looked like. I remember seeing that my best results came in 5/10 and 10/20 PLO however the sample of hands wasn't very big. As I recall I was playing mostly 1/2 and 2/4.
wagonfire's exercise in bankroll management Quote
07-23-2010 , 04:31 PM
check out pokertableratings.com
wagonfire's exercise in bankroll management Quote
07-24-2010 , 04:57 AM
Quote:
Originally Posted by LygerWon
check out pokertableratings.com
Thank you.

Look, I'm cheating!



http://www.pokertableratings.com/ful...P%20PL-6-Omaha
wagonfire's exercise in bankroll management Quote
07-24-2010 , 05:02 AM
By the way, before anyone points it out, I know how bad I am. This is just for fun. I'm drunk as usual.
wagonfire's exercise in bankroll management Quote
07-24-2010 , 05:03 AM
wagonfire has played a low number of hands at the chosen stake, thus the results are likely not statistically significant.
Try changing the stake filter for more meaningful results.

http://www.pokertableratings.com/ful...-10-PL-6-Omaha
wagonfire's exercise in bankroll management Quote
07-30-2010 , 06:54 AM
Quote:
Originally Posted by Snow Krash
If you are going to go ahead and put a real bankroll online, you might as well pull your starting percent back to 1%. With $500, you can get in on a lot of tournaments like the $4.40 180 man on stars. Actually both Stars and FT run a ton of good tournaments for under $5 that play much better than the real nano stakes.

I know you're not trying to make a living, but it would be nice to not have to deposit every month!

Good Luck!
I think this is a really good idea and I had been planning to get this going but I've been too busy to really get much playing in lately so I've just been staking some people here and there so I could still blow money without actually having to commit the time and effort.

Anyway, I had free time tonight so I decided to restart this challenge but this time starting with a $500 bankroll and as suggested by Snow Krash, I will not be spending more than 1% on buy-ins. At this point I'm only playing on Full Tilt (as I prefer the site and table layouts there better) and I've been playing mostly $3.30 NLHE 90 man KO SNG's. Todays results are as follows.

- $3.30 NLHE turbo KO MTT - 230th/276
- $1 NLHE The Ferguson - 242nd/2,346 ($1.64 payout)
- $2.20 NLHE MTT - 147th/222
- $3.30 NLHE 90 man KO SNG - 53rd/90
- $3.30 NLHE 90 man KO SNG - 32nd/90
- $3.30 NLHE 90 man KO SNG - 18th/90
- $3.30 NLHE 90 man KO SNG - 5th/90 ($18 payout)
- $3.30 NLHE 90 man KO SNG - 14th/90
- $3.30 NLHE 90 man KO SNG - 3rd/90 ($31.50 payout)

NOTE: I have not accounted for the KO bonuses I've received as I was multitabling and I'm not really sure how many people I KO'd tonight. I'm sure I could figure it out but it doesn't really seem worthwhile.


Still got one more game to finish tonight/this morning. currently 7th of 9 in the $3.30 NLHE deep MTT (started with 348 people). Was in much better shape about 10 minutes ago but nothing seems to be going my way here at the moment.

Last edited by itwasalladream; 07-30-2010 at 07:00 AM.
wagonfire's exercise in bankroll management Quote
07-30-2010 , 07:20 AM
Busted in 9th for $20.88 running awesome as always....

Full Tilt Poker Game #22698288263: $3 + $0.30 Tournament (175115711), Table 27 - 2000/4000 Ante 500 - No Limit Hold'em - 07:05:07 ET - 2010/07/30
Seat 1: 1stChoicePete (46,980)
Seat 2: kaysee710 (13,196)
Seat 3: gatorswin1970 (41,630)
Seat 4: greyhound0 (372,049)
Seat 5: RastaVip (131,997)
Seat 6: feartheturtle9 (240,225)
Seat 7: Semen90 (102,019)
Seat 8: wagonfire (43,804)
Seat 9: Kaytz (52,100)
1stChoicePete antes 500
kaysee710 antes 500
gatorswin1970 antes 500
greyhound0 antes 500
RastaVip antes 500
feartheturtle9 antes 500
Semen90 antes 500
wagonfire antes 500
Kaytz antes 500
kaysee710 posts the small blind of 2,000
gatorswin1970 posts the big blind of 4,000
The button is in seat #1
*** HOLE CARDS ***
Dealt to wagonfire [Qd Qh]
Dreambaby123 (Observer): кароче колоть надо было тя
greyhound0 has 15 seconds left to act
greyhound0 raises to 12,000
RastaVip folds
feartheturtle9 folds
Semen90 folds
wagonfire raises to 43,304, and is all in
Kaytz folds
1stChoicePete folds
kaysee710 folds
gatorswin1970 folds
greyhound0 calls 31,304
wagonfire shows [Qd Qh]
greyhound0 shows [4d 4h]
*** FLOP *** [7d Ad 8c]
*** TURN *** [7d Ad 8c] [4s]
Semen90: а что у вас на меня статов нет что ли я же фиш))
*** RIVER *** [7d Ad 8c 4s] [3s]
wagonfire shows a pair of Queens
greyhound0 shows three of a kind, Fours
greyhound0 wins the pot (97,108) with three of a kind, Fours
*** SUMMARY ***
Total pot 97,108 | Rake 0
Board: [7d Ad 8c 4s 3s]
Seat 1: 1stChoicePete (button) folded before the Flop
Seat 2: kaysee710 (small blind) folded before the Flop
Seat 3: gatorswin1970 (big blind) folded before the Flop
Seat 4: greyhound0 showed [4d 4h] and won (97,108) with three of a kind, Fours
Seat 5: RastaVip folded before the Flop
Seat 6: feartheturtle9 folded before the Flop
Seat 7: Semen90 folded before the Flop
Seat 8: wagonfire showed [Qd Qh] and lost with a pair of Queens
Seat 9: Kaytz folded before the Flop
wagonfire's exercise in bankroll management Quote
07-30-2010 , 07:23 AM
Anyway, not a terrible night considering I took my usual crapload of bad beats.

Current bankroll: $550.57
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