Joined: May '13
Location: United Kingdom
Age: 37 (M)
Posts: 2219
As much as bankroll management is important sometimes people do try and take on a few stakes higher. Even playing great things will always go against you. I just spent two and a half weeks grinding the bottom stakes from £1.40 and last night I was on £38 and now its all gone.. Lost a little of it so went on higher stakes today and even though I was playing great constant suckouts and crap is always against. I think it's the poker gods saying don't veer from your management as this always happens.
Moral of the story, always follow bankroll management and I am an unlucky idiot.
Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371
This is frustrating when you have worked so hard to increase your bankroll and then you lose it in one bad session. There is nothing wrong with playing a bit higher stakes but try not to put your entire bankroll at risk
Joined: Aug '10
Location: Germany
Age: 52 (M)
Posts: 2219
We all unerstand what you mean. With the first winnings we try higher Levels with to much risk and after some suclouts or losing coinflipps we lost all with to much risk. Banktoll managment is the most important thing to be a winning Player longtime!
Joined: May '13
Location: Mauritius
Age: 32 (M)
Posts: 2688
I know the feeling mate, I busted my roll more or less the same way. I was playing short handed NL 2, then lost some big pots , with some setups got tilted switched to husng, got pawned there. Moved up to NL 10, to get money back, managed to win some back. Then lost it all on one pot.
Thats my bad experience that is why I am wary of playing much poker now. Because of my tilt issues.
Joined: May '13
Location: United Kingdom
Age: 37 (M)
Posts: 2219
I can handle tilt when I am within my Bankroll but on higher stakes it is disastrous. My problem is always losing it on that ZOOM type cash game. The variance and suckouts seem to be double more than normal tables. This is the third time I have lost my roll on those types of tables so I am hoping it has finally sunk in now.
Joined: Sep '11
Location: Bosnia and Herzegovina
Age: 41 (M)
Posts: 3048
Bankroll management sometimes abbreviated to BRM is where you play at certain limits to avoid losing all of your bankroll due to bad runs of cards, which any poker player must expect from time to time.
This is called playing within your bankroll. Subsequently, if you play at higher limits where there is too great a chance of losing all of your poker money, you are playing out of your bankroll.
The reason why you should choose your limits carefully in poker is due to the variance. Variance is a term used to describe the "ups and downs" of poker where you fluctuate from having bad runs of cards to good runs of cards, resulting in varying profits and losses.
Joined: Aug '09
Location: Chile
Age: 37 (M)
Posts: 1353
Sad story, but it is well known by all poker players that variance strikes you once in a while (sometimes oftenly) and the only way to beat it is to play a high volume of hands.
That's why is so important to keep bankroll management, although I totally agree that is hard when u lost some spots and want to get your money back fast. Hope this experience help you in the future!
Joined: Jun '10
Location: Belgium
Age: 51 (M)
Posts: 1457
Well the only way to deal with losing streaks (bad luck) is a good bankrollmanagement.
I also made the mistake in the past of not going back to lower stakes when I had a few looses, kept playing to high and lost my entire bankroll of 500$.
I got a NDB of 50 $ and started playing SNG HU of 1$ and SNG DoN of 1$ --> when I was up to 100$ went over to 2$ (always had at least 50 buy-ins) , played some MTT, won 2 and my BR was over 500$ --> started playing SNG of 20 $ --> started to loose and did not go back to lower buyins and lost all..
But it was a great lesson and taught me the importance of BRM
Joined: May '13
Location: United Kingdom
Age: 37 (M)
Posts: 2219
The thing is I was running sheet hot on the lowest stakes and within my roll always making profit but after jumping up a few stakes it like the doom switch was turned on, and obviously my BR could not take it as I kept trying to win it back.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
So far its a rule for me. Every time i failed to follow the management i failed disastrous. So i keep playing with Bankroll management. Its a pain some times but the results are good and steady.
Joined: Jun '10
Location: Belgium
Age: 51 (M)
Posts: 1457
Posted by Mober: So far its a rule for me. Every time i failed to follow the management i failed disastrous. So i keep playing with Bankroll management. Its a pain some times but the results are good and steady.
Well it s just the rule number 1 in poker : strict banrollmanagement.
If I am playing live in a casino I always limit my cash which means ... folow my own rules
1. only cash money (no bank or creditcards)
2. the amount of cash is determined (eg 200 euro to play, 50 euro for drinks)
and determine when you stop (eg when I have won over 500 euro s )
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Unless you are giving random numbers here thefly, i really would like to know, what on earth are you drinking with 50$? Champagne ? With that money everyone can get so drunk, not being able to play poker.
Joined: May '13
Location: United Kingdom
Age: 37 (M)
Posts: 2219
Some good posts in here. Had a few days off now starting the grind all over again. This time I will be staying away from those Zoom type tables and higher stakes until rolled properly.
Joined: Jun '10
Location: Belgium
Age: 51 (M)
Posts: 1457
Posted by Mober: Unless you are giving random numbers here thefly, i really would like to know, what on earth are you drinking with 50$? Champagne ? With that money everyone can get so drunk, not being able to play poker.
Well I am playing for amusement but during the game I just drink softdrinks. Afterwards we alsways drink some bacardi-cola s .. so yes 50 euro is acceptable...
Playing poker in the casino is an evening out with friends for me... and not to make profit...
I go about 2 times a year and our aim is to have a evening out for free ... so If I win 50 euro s (for the drinking costs ) I consider myself asd a winner
