[llleisure]

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bump


come on folks, step out on a ledge and join the discussion,

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Ok fine you asked for it lol. I was going to reply a few days ago and wrote so much crap I made it another thread and got some feedback there, some of which is:

You can be over-bankrolled as well as under-bankrolled. "Bored money can be as dangerous as scared money" was a great reply from someone. If you're way over rolled you may also risk stagnating your game or least slowing way down on improving.

Somehow bankroll management and deciding when/if to move stakes vs continuing to just slaughter whatever stakes you're at versus continuing to improve you game are all tied together, IMHO.

There are bankrolls of players in HSNL that got built slowly, starting lower, improving and building up to go up in stakes. I *hope* there are others out there that started with a roll from elsewhere (non-poker), improved and moved up stakes without living on the razor's edge the whole time because that is my personal situation.

I could afford to go sit in a HSNL game but I want feel like I'm "supposed to" move up. It's hard to know when the right time is - it is based solely on "hey what I consider my bankroll trippled so I should move up" or was that just a good run? Who knows...

Raptor's point about not considering money offline in play is a great one too and one I struggle with. I play live (over 21 - way over lol) and online lately. Do I have two bankrolls or one? Crap I don't know.

Not considering offline money in play - especially offline money you made playing online and cashed out - is probably a really good idea. Think about the tax implications - until the money comes offline, no requirement to pay taxes on it because it's in play. Pull it offline and you're supposed to pay taxes so the govt takes a bite. Now if you go put some of that money back in play but it's post-govt-bite and you've just cost yourself whatever % your tax bracket is. No good. I read someplace about the Vegas pros keeping casino boxes and keeping LARGE sums of money - in chips - in the boxes. Makes a lot of sense - that money is in play and no requirement to go paying taxes on it, then have to reload post-tax right?

Very interesting subject and I'll buy the book when it comes out. [img]/images/graemlins/smile.gif[/img]