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I've been playing poker for about 3 years. During that time, I have read a multitude of books and played thousands of hours, both online and at B&M casinos. Until January, I was drinking alcoholically which interfered dramatically with my results. I have posted on here before regarding the thousands I lost at Pai Gow at Hooters, etc. Anyway, I stopped playing for a while when I stopped drinking and started again a few months ago. I thought not drinking would solve my problems and while it solved many in my life, I still seem unable to consistently win at any game I play, whether online or at the casino. This has baffled me. It seems that after studying the game for this long and with the amount I have played, I should be able to at least beat games full of drunks at the casino.
Bankroll management may seem like a simple concept to many, but it is one which has escaped me for the time I've been playing for whatever reason, probably my own arrogance. It is something I haven't read a lot about in the books I have read and haven't thought about much until I started reading these forums. Someone on here said winning poker is 80% bankroll management and that really hit me. I read about Chris Ferguson's $0-$10000 experiment on full tilt poker and this concept suddenly makes a lot of sense to me. I have about $30 right now in my ftp account. I am going to follow the system he outlines and see where it takes me. By playing the lowest limits available, I hopefully will be a winning player. If I am, I will eventually have enough of a bankroll to take a "shot" at the next highest limit without risking going bust. If I lose, I move back down. If I can't win at the lowest limit, then at least I will find that out and will lose a lot less than I would at any higher limit. If I can't stick to this, I need to consider giving up the game for good. Do I have the right idea about becoming a winning player? I understand that constant learning needs to take place, but I have learned enough about the fundamentals of the game over the last few years that I believe I can beat the lowest limit. Another of my problems has been tilt, but I think playing within a bankroll will help that tremendously. One last question: Ferguson's system allows for playing both cash games and tournaments. Is this wise for someone attempting to manage a proper bankroll for the first time or should I stick to just one game for now? Any other input or advice would be appreciated. |
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