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well, i'm tired of playing with a ridiculously thin bankroll so i figured i would do a little research and try to come up with a better bankroll management plan. after reading a little on here and a few articles on pocketfives.com, i've come up with a plan that will hopefully allow me to grind my way up the limits with minimal risk. also hopefully this will be a good way to test my poker skills and see whether or not i'm good enough to be able to use poker as a steady source of income (not that i'll be supporting myself with my poker winnings yet, if ever, but since i'm still in HS i figure i could probably make close to as much as a min-wage job pays while doing something i enjoy). anyway, without further delay i present my plan (please note that the floor and ceiling concepts are from Fox's excellent article about BR management on pocketfives.com):
1. i will start by depositing $50 on pokerstars to play at NL$2. this is 25 buyins for this level, so i figure there is almost zero chance of me busting out with such a deep roll. 2. my ceiling for this level will be $75. once i reach that number i will take a shot at NL$5. my floor for NL$5 will be back at $50, meaning once i get $75 and start playing NL$5, if i drop down to $50 i will go back down to NL$2. in order for this to happen i would need to drop 5 buyins at NL$5 (70-50=25/5=5). 3. once i reach NL$5, assuming my bankroll is now at least $75, my ceiling for this level up to NL$10 will be $120. my floor will stay at $75; so once i reach NL$10 with $120 i'll have to drop 4.5 buyins to be forced down a level. 4. once i can play at NL$10 with at least $120, my ceiling to NL$25 will be $225. again, if i hit NL$25 at $225 and drop back down to $120 (4.2 buyins) i will go back to NL$10 and grind it out to try to take another shot. 5. if i can reach NL$25 i will try to grind up to a comfortable bankroll, say around $500, and then i'll start playing primarily at that level and start taking out my profits (possibly with a switch from stars to party here, as i enjoy the party site format more but we'll see what happens when i get there). if and when i start being able to beat NL$25, i will evaluate my game and maybe work on a similar stepping stone plan up to NL$200 or maybe even NL$400. so basically my questions for you guys are, is this plan at all realistic? if not, why? are my ceiling/floor figures reasonable? i feel like obviously its very very idealistic and won't be easy at all, but i definitley think with some work/time put in by me on improving my game i can do it. i consider myself a pretty decent TAG-type player right now (i would rate myself below the average 2p2er, but probably above the average partypoker NL$25er, though i don't think that's saying much.) and if you do think this is reasonable, just for fun (i can hear people already saying how much it depends on the person, but do it anyway [img]/images/graemlins/tongue.gif[/img]), take a guess as to how long something like this might take a person. if you really have no idea, then just think about how long it might take you specifically. any advice is appreciated [img]/images/graemlins/cool.gif[/img].if you've read this whole post, i truly thank you and commend you for getting through it all. |
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