Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > General Poker Discussion > Poker Theory
FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #11  
Old 05-15-2006, 04:20 PM
fnord_too fnord_too is offline
Senior Member
 
Join Date: May 2004
Location: February made me shiver
Posts: 9,200
Default Re: You\'re busto. Grind out smaller limits or get a job?

[ QUOTE ]
keep playing the same levels, hit a bad streak, and then lose the rest trying to recoup your losses playing higher.



[/ QUOTE ]

This specificly is what I am talking about. Playing higher to recoup losses is very very bad. If the story went:
Made withdraw for emergency.
Continued at level underrolled, lost half the roll and dropped down a level.
Played level under rolled, but did not drop down since I can make more at a real job than playing at a lower level and lost the rest of the roll.

That would be fine.

Withdraw, continue, run bad, move up is not fine and something that really needs to be addressed. It is a very common and serious manifestation of tilt that can a person a lot if and when they graduate to higher limits.
Reply With Quote
  #12  
Old 05-15-2006, 04:22 PM
MikeR MikeR is offline
Senior Member
 
Join Date: Feb 2005
Posts: 236
Default Re: You\'re busto. Grind out smaller limits or get a job?

[ QUOTE ]
Withdraw, continue, run bad, move up is not fine and something that really needs to be addressed. It is a very common and serious manifestation of tilt that can a person a lot if and when they graduate to higher limits.

[/ QUOTE ]
I know. I still feel sick about not just dropping down for a little while.
Reply With Quote
  #13  
Old 05-15-2006, 04:23 PM
fnord_too fnord_too is offline
Senior Member
 
Join Date: May 2004
Location: February made me shiver
Posts: 9,200
Default Re: You\'re busto. Grind out smaller limits or get a job?

At any rate my advice would be to grind it out at the lowest level that makes at least as much as you view your time is worth, and reload as needed.
Reply With Quote
  #14  
Old 05-15-2006, 04:25 PM
MikeR MikeR is offline
Senior Member
 
Join Date: Feb 2005
Posts: 236
Default Re: You\'re busto. Grind out smaller limits or get a job?

[ QUOTE ]
At any rate my advice would be to grind it out at the lowest level that makes at least as much as you view your time is worth, and reload as needed.

[/ QUOTE ]
I'm wondering if I should just deposit 150BB in a couple of weeks and play at my normal 2/4, knowing the that I'll have 75 more BB the next week, and then 75 more (or 300 total) the week after.
Reply With Quote
  #15  
Old 05-15-2006, 05:41 PM
pzhon pzhon is offline
Senior Member
 
Join Date: Mar 2004
Posts: 4,515
Default Re: You\'re busto. Grind out smaller limits or get a job?

[ QUOTE ]

I'm wondering if I should just deposit 150BB in a couple of weeks and play at my normal 2/4, knowing the that I'll have 75 more BB the next week, and then 75 more (or 300 total) the week after.

[/ QUOTE ]
That's perfectly reasonable.

Your bankroll is not your balance. If you can add more money later, your bankroll is larger than your balance. If you have to withdraw a fixed amount later, your bankroll is smaller now.

A 300 BB balance is not a magical protection from going broke. Bankroll management is slightly more complicated than that. 300 BB is not enough if your win rate is low or you keep withdrawing down to 300 BB. 300 BB is too conservative if you can easily add money.
Reply With Quote
  #16  
Old 05-15-2006, 05:46 PM
rakemeplz rakemeplz is offline
Senior Member
 
Join Date: Feb 2006
Location: +ev grimmstar bux vs everyone
Posts: 1,803
Default Re: Party Blackjack

ALL IN WOOOOOOOOOOO
Reply With Quote
  #17  
Old 05-15-2006, 06:32 PM
Mike Jett Mike Jett is offline
Senior Member
 
Join Date: Dec 2005
Location: Cambridge, MA
Posts: 937
Default Re: You\'re busto. Grind out smaller limits or get a job?

[ QUOTE ]
Get the real job...and keep it. Despite making good money from poker recently, I still make a good deal from a productive job. It is nice to have both fixed and variable income. Even my real job has both fixed and variable income. BTW, you are unlikely to make a comfortable living playing 2/4. Even at a rate of 3BB/hr you have a crappy income (sorry to break the news).

[/ QUOTE ]

Considering most of us are online players around here, your BB/hr judgement is meaningless.

Take 2 bb/100, and average 400 hands per hour.

$32 is horrible?

Get over yourself.
Reply With Quote
  #18  
Old 05-15-2006, 10:23 PM
dboy23 dboy23 is offline
Senior Member
 
Join Date: Feb 2006
Location: HU forum 4lyfe imo
Posts: 2,231
Default Re: You\'re busto. Grind out smaller limits or get a job?

400 hands per hour? maybe if you play against fast robots.
Reply With Quote
  #19  
Old 05-15-2006, 11:53 PM
Number27 Number27 is offline
Senior Member
 
Join Date: Feb 2006
Posts: 1,227
Default Re: You\'re busto. Grind out smaller limits or get a job?

[ QUOTE ]
400 hands per hour? maybe if you play against fast robots.

[/ QUOTE ]

Or you play eight tables. Which is also possible.

To the OP, why don't you work your job and play poker on the side so that you don't have to withdraw for awhile. Move up in limits until you can comfortably cut down your hours at the real job.

For instance, 3BB/hr isn't bad if you're playing 3/6 or 4/8.
Reply With Quote
  #20  
Old 05-16-2006, 02:16 AM
JCCARL JCCARL is offline
Senior Member
 
Join Date: Sep 2005
Location: In search of my luckbox
Posts: 1,007
Default Re: You\'re busto. Grind out smaller limits or get a job?

[ QUOTE ]
Let's say you're used to playing 2/4 comfortably with about $1,200. You withdraw half for an emergency, keep playing the same levels, hit a bad streak, and then lose the rest trying to recoup your losses playing higher.

Assuming you don't plan to make these bankroll mistakes again, and wish to get back to your 2/4 limit, do you deposit $200 and try to microgrind until you get back up, or just work some more hours at a real job until you have the bankroll?

[/ QUOTE ]
Both
Regards,
Carl
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 11:09 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.