View Single Post
  #29  
Old 11-25-2007, 05:36 PM
nineinchal nineinchal is offline
Senior Member
 
Join Date: Jan 2006
Location: Brooklyn
Posts: 1,285
Default Re: Easy fix, this is how I handle it...

No JK, I use the money for all my poker related expenses, such as food, gas, and lodging (actually, I used my first envelope of money for the down payment on my boardwalk condo).

I advocated using the money for the OP's girl so he can blow off the heat he gets from her. Anyway, my point is like that discussion that we had a few months ago about never going broke and the advantages of playing limit vs no-limit. I keep a bankroll exclusively devoted to poker. I actually over expended my bankroll to purchase my condo, so I had to drop down to 10/20 to get back up to the required bankroll for 20/40 again. I plan to be returning to 20/40 sometime over the winter. Anyway, at whatever level, the excess cash generated by limit poker really adds up.

For further reading, I recommend "Gambling Theory and Other Topics" by Mason Malmuth. This work really helped me understand variance (winning and losing streaks) and bankroll requirements to stay afloat in the world of mid limit stakes.
Reply With Quote