#1
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Experiment
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. |
#2
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Re: Experiment
Read The Poker Mindset.
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#3
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Re: Experiment
Why do you play poker? managing a 30.00 "bankroll"? are you kidding me?
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#4
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Re: Experiment
I looked that up and it does look like a good read, Praxising.
Thanks for your thoughtful contribution, teacher. I hope you didn't hurt yourself coming up with it. |
#5
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Re: Experiment
[ QUOTE ]
Why do you play poker? managing a 30.00 "bankroll"? are you kidding me? [/ QUOTE ] I "managed" a $50 bankroll and have turned it into 6 figures in 3 years. Players who manage their 2 digit bankrolls properly are more likely to manage their 5 digit bankrolls properly. Money/risk management is a skill that must be practiced and devloped, just like any other skill. |
#6
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Re: Experiment
someone once said that you should take more risk with a smaller bankroll then with a larger one because if you lose your small roll you can easily just start over again.
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#7
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Re: Experiment
[ QUOTE ]
someone once said that you should take more risk with a smaller bankroll then with a larger one because if you lose your small roll you can easily just start over again. [/ QUOTE ] Unless you are dirt poor like OP. |
#8
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Re: Experiment
In your position, I would not want to play with $30. Playing on small stakes tables like the ones you would have to is IMO harder than playing a $1-$2/ $2-$4 game. Unless you only want to play for fun/ the occasional $10. In your position I would invest more into your account. Although I did learn the hard way about bankroll managing, having brought my account from $80 to $1500 in a month only to lose it all in a terrible 3 day run having misguidedly decided to play only $1-$2 and $2-$4 occassionally
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#9
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Re: Experiment
It may be that you are simply not good at poker.
If you cannot consistently beat small stakes already after 3 years, thousands of hours and countless books, you may have to face facts. And $30 isn't the way to start. Its ridiculous. |
#10
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Re: Experiment
I don't just have $30 in there ($50 now) because that's all the money I have in the world. I'm doing it because
A) I want to discipline myself to play with the bankroll I do have. B) I want to play at the same stakes for a long enough time to determine I am a long-term winner at that limit. It seems some people think starting with more $ in my account is a good idea. How much would be a reasonable amount and what limits should I be starting at? I think the reason I haven't consistently beaten small stakes is that I haven't consistently played them. I generally have only started playing $1 and $2 tournaments when I was down to my last $5 or $10. |
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