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BLOG: Poker Tips, Bankroll Management and More (PART 16)

Tags: blog, blogger Ronin`s Renegade Blog.
Blog post published on Friday, May 02, 2014, written by Ronin`s Renegade Blog.
Ronin`s Renegade Blog avatar
Ronin`s Renegade Blog
Leonard E. Spencer "Ronin Harper" from Canada born in 1968

Welcome mobsters, if you are reading this blog for the very first time, I thank you for your initial interest. I think that if you give it a little time, you will find something that will peak your interest.

I am a semi-pro poker player and an author. I am currently working on several projects for publication, and will be discussing them on occasion in this blog. If you are a fan then I warn you, from time to time there will be spoiler book ideas discussed.

 

 

Section 1: Poker Tips & Concepts
Variance is a very confusing word to most poker players. Unlike the other four letter words which it forces out from between our lips if has eight letters. Variance can however be mad much less painful when it is counteracted with playing volume.

Volume is the true enemy of short term variance. If you want to be effected less by negative variance you need to play a lot more hands of good solid poker play. You cannot play like an idiot and overcome negative variance. You do not do it be playing to many hands pre-flop to increase the number of hands you play. In fact most people who are struggling with negative variance are actually playing to many pre-flop hands, they often refuse to stop chasing loses.

What I mean when I say that you need to play more volume I am referring to the over number of hands played during your poker sessions. The total number of hands played overall will make a huge difference in the level of degree which negative variance hurts you. If you go on a 400 hand downswing due to variance in the middle of a one thousand hand poker session then that could really be seen as a massive downswing. If the same 400 downswing happened in the middle of a ten thousand hand session of poker it would barely even make a blip on a graph.

Consider playing more good "ABC" type "A" game poker to overcome negative variance and stop fixating on short term loses. Over the long haul you will be happier for it.
Until next time

Section 2: "Ronin's Bankroll Management Challenge"
Well this section is going to be familiar to the forum regulars as I have been running this section for awhile in the forums, It is about the single most important skill a poker player must have in their arsenal in order to be a successful winning player.

Bankroll Management has been estimated to be the single most neglected poker skill by almost 95% of all players. Countless books have been written on the subject, and yet most players most often just ignore the rules of proper bankroll management.

I too fall into this trap at times.

This section is intended to show how proper bankroll management can ensure that and good poker player who approaches his bankroll and poker play from a solid and disciplined position can succeed.

It also is intended to help me to remain focus and discipline in my own bankroll quest to succeed.
Update time: The bankroll challenge is now completed. It has been one heck of a roller coaster ride. It is hard to believe but after everything was looked at and all the math done.

I lost a total of just $2.16 USD
I have already been in contact with my friend and stacking partner and we have agreed to do another run together. The new "Bankroll Challenge" is going to begin on May 8th, 2014.

This time things are going to go much better.
The first 60 day bankroll challenge began on Monday January 27th, 2014 and it is now over with a $2.16 USD loss.

Until later mates.

Section 3: The daily rant.
I am getting sick and tired of all these so-called poker pro's who all seem to be losing the damn minds lately. I mean oh my God, what the hell is going thru their minds lately. It is bad enough that every time you turn around one of them is losing millions of dollars at a time, but at least keep in touch with reality and acknowledge that it is a bad thing to lose over a million dollars in a single game.

Most people could live well for an entire life time on what they piss away in a session just to feel a small rush. Somebody tell these guys that going fast down a ski hill can make them feel alive to. Get a damn grip and find better uses for the money. If you are just going to piss away a million dollars at a time why not make some charitable donations and help make the world a better place too.

I'm just saying.

Well until next time, be cool.

 


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14 comments for "Poker Tips, Bankroll Management and More (PART 16)"

 doubletop7775/2/2014 11:55:25 AM GMT
I think that you are right, the more hands you play then variance becomes less of an issue. I am a big believer in saying that luck evens itself out over a period of time, so you just have to take the rough with the smooth
 Heskor5/2/2014 2:51:21 PM GMT
yep i agree too, the more volume you put in the more variance is reduced, though if you tilting you probably gonna lose your stacks faster. So it has a downside if you multi table a lot and has leaks, your leaks will multiply itself and you will get tilted by losing and can go bust from that. I am talking from experience here. Anyway have fun guys and crush those fishes out there!
 ddblt19705/3/2014 3:13:23 PM GMT
Some poker formats (MTT´s) have bigger swings.

Some playstyles can result in bigger swings as well (3bet, 4bet a lot), if you don´t want such swingy game play a lower variance playstyle.
 bowie19845/3/2014 7:08:16 PM GMT
"I am a semi-pro poker player and an author. I am currently working on several projects for publication, and will be discussing them on occasion in this blog. If you are a fan then I warn you, from time to time there will be spoiler book ideas discussed."

Wait a minute, what?
Are you published bro?
Semi-pro?
 RoninHarper5/4/2014 2:40:35 AM GMT
Posted by bowie1984:
"I am a semi-pro poker player and an author. I am currently working on several projects for publication, and will be discussing them on occasion in this blog. If you are a fan then I warn you, from time to time there will be spoiler book ideas discussed."

Wait a minute, what?
Are you published bro?
Semi-pro?


G'day mate

Ok as per your request I have waited one full minute.
I would like to point out that I hate waiting for most things.
I did so this time out of respect for a fellow mobster.

Yes I am a published writer.
My very first published writings was published way back in 1990 if memory serves correctly.
I also then had 12-15 short story sections published in 1998-2000 in the UNB Brunswicken.
The Brunswickan is Canada's oldest official student publication. It's been around since 1867. Sections cover not only news, but sports, health, opinion, and arts and culture and provides a place for writers to hone their skills.
I have also been offered two book publishing deals in the last 5 years both of which I turned down because they were not good deals for me personally.
Currently I have been offered a new deal to publish the book I am supposed to be writing now.
I have complete the first six chapters and 7, 8, & 9 are all partially finished.
Have not been able to write lately do not know why.

Yes I am considered by several people to be a semi-pro poker player right now.
For 18 months back in 2006 & 2007 poker was my only income source and I did pay all my bills with poker winnings. I no longer do so now however and do not play any where near as much poker as I once did.

Hope this answers your questions.
Long message for 10 mob points Shock

be cool

Ronin Cool
 doomdy5/4/2014 6:05:22 AM GMT
Posted by RoninHarper:
[QUOTE]Posted by bowie1984:
Yes I am considered by several people to be a semi-pro poker player right now.
For 18 months back in 2006 & 2007 poker was my only income source and I did pay all my bills with poker winnings. I no longer do so now however and do not play any where near as much poker as I once did.


Hi Ronin,

Do you have some graphs to back this please?
For example sharkscope graphs, names, ect.

 bowie19845/4/2014 8:05:14 AM GMT
"G'day mate

Ok as per your request I have waited one full minute.
I would like to point out that I hate waiting for most things.
I did so this time out of respect for a fellow mobster."


Don't be so offended if you told the truth. Frankly I was curious since your body of work here is posting pictures of naked girls, telling us about which dressing you ate your garlic fingers with today and sometimes babble about 'bankroll management and more'.
And why would a semi-pro waste his energy and time coming here doing that things I mentioned above is still beyond me.
 doomdy5/4/2014 8:31:14 AM GMT
Posted by bowie1984:
"G'day mate

Ok as per your request I have waited one full minute.
I would like to point out that I hate waiting for most things.
I did so this time out of respect for a fellow mobster."


Don't be so offended if you told the truth. Frankly I was curious since your body of work here is posting pictures of naked girls, telling us about which dressing you ate your garlic fingers with today and sometimes babble about 'bankroll management and more'.
And why would a semi-pro waste his energy and time coming here doing that things I mentioned above is still beyond me.


I was thinking a little bit the same.
Also a semi knows his ICM play for sure, i remember Ronin folding AA/AK/AQ/KK/QQ just to get into the money in tourneys, thats insane for a semi.
Also Ronin goes busto over and over for what i read at times so this also is a little strange for a former semi, imo for a semi its very easy to build a roll, question is when this happens not if it happens.

But i dont have info to know his semi story is fake so cant jugde it really, on the other hand Ronin has stats/graphs to back up his semi pro story so he can just put it life Thumbs Up

Btw the tits part i do like Tongue
When i played 8 hours a day and people knew i was making money and constantly win, it attracks women/girls, it was a very fun time i cud talk for ages, many many things happen Worship Worship
 RoninHarper5/4/2014 2:00:08 PM GMT
Posted by bowie1984:
"G'day mate

Ok as per your request I have waited one full minute.
I would like to point out that I hate waiting for most things.
I did so this time out of respect for a fellow mobster."


Don't be so offended if you told the truth. Frankly I was curious since your body of work here is posting pictures of naked girls, telling us about which dressing you ate your garlic fingers with today and sometimes babble about 'bankroll management and more'.
And why would a semi-pro waste his energy and time coming here doing that things I mentioned above is still beyond me.


G'day mate

No dude I was not offended. I was really trying to be funny. I swear the entire waiting for one entire minute things was ment as humor. In regards to looking at my stats I am on opr or at least I was before. The last time I looked it was sadly out dated and only showed about 15% of the actually games I played because it does not track most things I play like ring games if memory serves.
But I am pretty certain if you look up my name on opr acrossed the 6 sites that should be listed there you would see that since 2004 when I start using the online name of Ronin Harper I have never had a losing year over all.
Also when it comes to live play there is no graphs sorry.
You can beleave me or not it really matters not.

I just want to ask you one question.

"Are you not entertained?" gladiator quote, you got to love that movie Smile

be cool

Ronin Cool
 ddblt19705/4/2014 4:51:46 PM GMT
I am exactly the opposite.

Instead of falling in a trap of unsafe bankroll management, I will sometimes be way too carefull.
 Theapple5/4/2014 7:40:13 PM GMT
yea i think im way too careful with my br too. I mean i started at freaking $20 (which is actually a part of money i cashed out of winner poker, and i got that br for free too from brm...) and at some point i was sitting at healthy 120-ish BI. I did transfer some to ftp, cashed out some and then again i got to 80 or so BI before taking a break.

But i only played micro zoom (the microest of them all, with occasional NL5 sessions) and never actually dared to play anything higher than that, even if i got all that money basically for free. But its probably because zoom can be a bitch, and it didnt do much to encourage me to try higher limits, lol. Besides, all that time i knew ill have to hit downswings at some point (and i did hit a few), plus i wasnt really convinced im a good player either, lol and i still believe part of it is to me being relatively new to stars.

speaking of which, i defo think you need a bit more conservative brm for zoom, and not only that, after playing so many hands i also firmly believe making money zooming is actually much slower, unless you are one of those that play 24 tables at a time and can cover that difference

im still a relative begginer, but i strongly believe wr in zoom is at least 1/2 of wr at normal tables, but i got no numbers to cover it up because i havent played that many non zoom tables in the past. but for someone like me, who can play 3-4 tables tops normal tables seem like a better choice.

also i like your blog, so hope you continue with it for your next br challenge.
 ddblt19705/5/2014 6:47:16 PM GMT
The bad thing about zoom is, that you can´t play just the bad players, in a regular ring game you can choose a table where you think there are the worst players, but in zoom you are constanty re-seated and only sometimes you get lucky to be seated with a bad player.
 Fakiry5/6/2014 12:07:37 PM GMT
One should only try to understand the variance of the game with a big number of hands played, otherwise those numbers won't be giving any clue about how the game is running for that player. About your challenge, it didn't run the way you hoped for but it wasn't that bad either so i guess you and your partner shouldn't be disapointed when looking forward to the next challenge you will be launching soon! GL
 ddblt19705/11/2014 8:27:07 AM GMT
Even if you play big numbers of games, you will feel the variance quite significantly.
The downswings will be the same amount of money as if you played only 1 game a day.
The difference would only be in the length of the downswing period, a 5 hours/day player will experience several down and upswings in a shorter time than somebody who plays less. For a less frequently playing player will be the downswing period much longer and therefore it can feel worse for him.

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