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Originally Posted by FieryJustice
Mason enjoys pointing out that I suggest you should keep a large bankroll if your win rate is tiny, that I think you will make better decisions when well rested compared to when you are sleep deprived, and that I think virtually every world-class poker player has a ton of experience. He even wrote a book attempting to explain why he thinks these statements are not true.
This is what you wrote in your Card Player column:
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For example, if you have $1,000 and want to play $1-$2 with a $200 buy-in, if you lose $600, you will be devastated. If instead, you have a proper $20,000 bankroll, as most professionals would suggest, you will not blink an eye at losing $600.
That's a lot different from what you just wrote above.
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Who am I to argue with someone whose experience at no-limit hold'em comes from playing a few hours every few days in soft $5/$10 live cash games? Personally, I prefer to learn from players like Fedor Holz, Brian Rast, and Daniel Negreanu, but I completely understand that a few people enjoy learning from those who lack experience in the games they discuss.
At least you now admit that I've played some no-limit hold 'em. Also, this implies that I teach how to play no-limit hold 'em which is something I've never done.
However, when it comes to bankroll, there are well established formulas/equations based on standard statistical theory, and these formulas/equations can be applied to any form of poker. It just so happens that I was the first one, over 30 years ago, to do some of this work and it's available in my book
Gambling Theory and Other Topics, which was first published in 1987, in case you want to study up. I would think that someone who was giving bankroll guidelines and charging a lot for poker information, as you do, would have been aware of this and other similar material before giving out inaccurate advice.
MM