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-   -   Be honest: How often did you go broke ? (http://archives1.twoplustwo.com/showthread.php?t=490107)

TheBad 08-30-2007 05:34 PM

Be honest: How often did you go broke ?
 
Be honest: How often did you loose your complete bankroll ?

I´ve lost my initial 50€ buy-in 4 times in the last 3 months. I just had a big downswing/tilt, but this time i have enough left to build it up again.. How many tries did you need to buid a solid bankroll (1k+) ?

xxGreat1xx 08-30-2007 06:24 PM

Re: Be honest: How often did you go broke ?
 
once. deposited $50, lost it in about a month then re deposited 200 and haven't deposited since. Got it up to ~1100 then cashed out 800 now its back to about 650

pzhon 08-30-2007 06:30 PM

Re: Be honest: How often did you go broke ?
 
[ QUOTE ]
Be honest: How often did you loose your complete bankroll ?

[/ QUOTE ]
Never. I never even lost my balance, which should be distinguished from a bankroll. I started with play chips, then hit a royal flush jackpot which gave me $5, took that to $0.01-$0.02 limit (with two $0.01 blinds), NL $2, $5 SNGs, $10 SNGs, and then moved $500 to Party, where I made the final tables of my first two MTTs to reach $1000. This took 2 months.

The most dangerous time was when I was playing NL $2 (buying in for $1) with a balance of $8, and I didn't know how to play NL yet. I had played MTT freerolls, but cash games were different. I think I was a winning player from the start at everything else. Being a winning player is very important for avoiding going bust.

After I hit $1k, I started clearing bonuses by playing $1-$2 limit, and hit $10k in about 3 more months. Then I moved to NL $100, where I again started to win more from my play than the bonuses.

bakadan 08-30-2007 06:54 PM

Re: Be honest: How often did you go broke ?
 
lost $100 twice...

started reading 2+2 and following a bankroll management plan.

things now are sweet - still not at 1k yet still at NL10 so little way to go yet!

KEY:

1 - play within your bankroll
2 - work to plug your leaks
3 - DISCIPLINE

lucky_mf 08-30-2007 08:38 PM

Re: Be honest: How often did you go broke ?
 

I'll be honest. I probably lost 10-20 initial deposits of $50, a few of in the $300 range, and 20+ at $500. This is over the period of 4-years. Even though I lost all this money I managed to play a lot of poker and eventually got to the point where I can turn a nice profit. Today I'm well in the black.

Lucky

phydaux 08-31-2007 12:55 AM

Re: Be honest: How often did you go broke ?
 
Deposited $90.00 a year ago. Lost half of it in less than 500 hands.

Moved down, kept at it, made adjustments. Now I'm consistently winning.

timmay28 08-31-2007 01:21 AM

Re: Be honest: How often did you go broke ?
 
Lost a few $50 deposits, once won $2500 in a partypoker mtt then proceeded to blow 3/4 of it in cash games before I withdrew. I quit poker after that for about a year, then got back into it and read more books. I do ok for myself now..much more disciplined... not rich by any means but am profitable enough to pay college tuition.

raze 08-31-2007 01:59 AM

Re: Be honest: How often did you go broke ?
 
Never man, but I got seriously lucky on a very tiny bankroll and then smartened up later

Jeff_B 08-31-2007 02:03 AM

Re: Be honest: How often did you go broke ?
 
<- busto

Quicksilvre 08-31-2007 08:00 AM

Re: Be honest: How often did you go broke ?
 
I've gone busto once.

I started my real-career at WPEX, where I got $12.50 for winning a freeroll. I ran that up to $34 playing $5.50 five-handed SNGs before chickening out. (To be fair, I was crazy under-rolled and the action on WPEX is awful.)

Next I moved to Party, where I deposited $50 (my only deposit so far) to collect a bonus. Over about three months I made $255 total (including the $125 bonus) while playing only about 100 hands per day. Problem was, I kept cashing some of my money out whenever I had even hints of profit, so I never built up a proper bankroll. I eventually took a shot and lost it. Still ran a profit though.


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