hello fellow grinders

i need help with my bankroll management. ive gone broke many times because i do not occupy a bankroll. e.g. if i get paid from work or something id go to the casino and have a run of bad cards and lose my wages. this has been happenin for quite sometime, and ive realised that i need to be strict when it comes to bankroll management.

im still considering wether or not to put my bankroll online or live? which one would you recommend, ive been playing poker for about 5 years now and have some success within the years. however im looking to do it as a full time job as im currently unemployed and i am willing to put up about 5-7k for my bankroll.

what limits do you guys recommend? I believe i am a better then average poker player who is highly aggresive.... with about 6k what limits should i be looking at playing online? and also when shud i increase limits or drop limits?

thank you

Deposit $50, grind up from 2nl with a 20 buy-in minimum strategy.

no offense but im not planning on making 25$ a day lol, thats not a good livin, id rather get a full time job if thats the case lolll..... i was thinking of depositing 5-7k online or live, and grinding out a living out of that...

if you're so good at poker why are you asking?

Ya...I agree

There are loads of threads to read about BRM if you search.

Bad idea considering your post. Put your efforts into finding another job.

Well that's where BRM and your ability come into play. Micros sound the best place for you to start. Yeah well your post says different. The amount you have is irrelevant. If you are a losing player (which you are) then the higher limit you play, the faster you will go broke.

In a nutshell- play at a minimal level with funds you can afford to lose. Learn about BRM. Stick around these forums to improve. If at any stage you can prove you are a winning player then move up a level as your BRM dictates.

You lost your wages playing poker when you had a job, and now that you're unemployed you want to do it for a living?

This is not a good idea. That you have to ask is proof enough.

Do yourself a world of good and read the beginner's FAQ
http://forumserver.twoplustwo.com/32...um-faq-200946/

learn to walk before you run imo

If you don't want to learn the micros, fire up a few tables of $200NL.

When you get crushed, use BRM and drop to $100NL, then $50 NL, then $25NL etc.

Seriously tho, try a few tables of $25, get a decent sample size, and if you can't beat it you need to work on your game a bit more.

There is no point jumping in at the deep end and donking off a lot of $$$, it will only crush your confidence.

It doesn't matter how good you think you are, there are always better players. If you sit with these players, it will be a very humbling experience for you.

With your bankroll, it might also be a good idea to subscribe to a training site and maybe even get a coach.

Online players are much tougher than live players at the same limits. If you're playing 200NL live and losing your paycheck, play 10NL online maximum.

Or, don't put $7k you can't afford to lose into a risky get-rich-quick scheme. If you've never made a consistent profit playing poker, what makes you think you can do it professionally?

say bye to your money

You have a lot of work to do...poker isn't easy and you WILL fail if you jump to mid stakes right away

Do yourself a favour and get a job. It won't feel good when you're unemployed and just lost 7K gambling.

There is a huge misconception that you have as the basis for this idea. That is that you will play better since you are depending on the money than when you had nothing to lose since you had a real job supporting you (you didn't actually say this, but I am pretty sure this is where you are coming from). The problem is that you have just completely flipped the mindset that you had on the occasions when you were playing winning aggressive poker. Before you had nothing to lose, you could be more aggressive with mediocre hands, but now raising in a poor spot or making a bad call could mean not being able to pay rent and folding always looks safer. We call this scared money, and it is a slow and painful trip to going bust.

5-7K sounds like a great bankroll to play 1/2 NL live as fairly serious hobby (e.g. if you play once a week on the weekends there is a good chance you will still have money at the end of the year even if you are just an average player). That is 20-30 buy-ins depending on the casino, even a winning player has something like a 10% chance risk of ruin (losing entire bankroll) due to poor cards. Most professionals have at least 100 buy-ins for the levels they are playing, along with savings set aside in case of a really bad streak.

I don't want to be a complete buzzkill, so I will say that starting a bankroll and maintaining it with discipline is the first step to turning poker from a hobby to a profession. I was in the same boat a year ago, and it took months for me to find a decent job. Hang in there, the job market is slowly turning around, and if turning pro is really a dream of yours start with that bankroll and practice discipline when moving up levels.

Don't deposit so much... 1k or under is fine and build up your bankroll from the bottom. Get a decent job so you can survive and just work hard on your poker game. If you are looking to play poker full time and earn a steady and healthy income then it is simply not happening any time soon to be honest.

Take your 5k and play live. The money is a lot easier compared to online. Start out at 1/2nl and move up after a while if things work out for you.

It's not about the fact that the money you earn is peanuts at micros, it's more about learning to beat a level and move up stakes when you are clearly crushing. You'll lose a lot less when you discover that your skills may not be as good as what you believe.

1-2 live and online are not the same. 1-2 live is about .1-.25 online.

My biggest problem is if I deposit only a small amount at first like $50...I play above my limits to try and build it up faster, and end up losing my roll with the variance. Whenever I play with strict bankroll management...my profit graph steadily increases. Then something switches and I try higher limits, I may win a couple there but lose a few and it knocks me all the way down.