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
Know when to walk away and take a break. There comes a time when every poker player goes on tilt. I have most assuredly passed that point this week. I have lost half of my bankroll to bad beats.
Poker can at time be the world's most frustrating pastime. The only way to get through a downswing in which variance is totally kicking our teeth in is to take a break and then come back and drop down a level then put in the high volume needed to push on through to the other side.
You as a player must always be prepared to walk away from the table when everything is going against you. Chasing after loses will often lead on to going total bust. Nobody likes to be forced to sit out along the rail. I am working within the rules of my own bankroll challenge, if I had not stuck to the rules and exercised a massive amount of discipline I would undoubtedly be out of the game right now.
However by actually following the rules I have begun to turn things back around again and am now starting to rebuild my bankroll back upward.
I recommend to each of you to establish for yourselves stop gaps when playing poker. If you do go on a downswing from variance or for whatever reason you must know ahead of time where you are going to draw the line in the sand and NOT try to play past it. You need the personal discipline to actually stop for a break and regroup before once again reengaging the enemy at the table who are trying with all their might and skills to take all your money from you and make it their own.
You must always remember that we will lose sometimes, but the trick is to limit our downswings and try to maximise our gains.
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 new plan is a simple one.
The challenge will run for 8 weeks, Monday - Friday.
I am going to try to play 1000-2000 hands a day.
Going to try and maintain a minimum buy in level of 40 buy ins for whatever current base level I am playing on at any given time.
I will take a two table shot at moving up in stakes whenever I have my 40 buy in's + 4 buying for the next higher level. During the shot upward move I will only play two table maximum and will have the auto rebuy feature turned off. If I lose the 2 attempted buy in then I go back to playing the lower limit until I once again build back up to at least 40 + 4 buy in's again then repeat.
Once I have 40 full buy in's for the new upper level it will become my new base line level.
Yes I will also play so small MTT's but the buy-ins will be a 1-5 ratio. That means with a $100 bankroll I can play in a $1 buy in tournament with a $5 stop lose in place, so I will allow myself to lose no more than 5% of my total bankroll on any given day of play in MTT's.
Hope this explains things well enough for you mate.
Best wishes.
Be cool
Ronin
Day 4 of Week 1
It was a truly GREAT day for my bankroll. I did not shut down the run until I absolutely could not mentally play any longer. I reclaimed all my loses from earlier in the week and even won an additional 40 buy-ins. This allows me to immediately move up into a new level.
New Current Bankroll is over $160 US.
No level shot required, since I made enough money during my 9 hour session to make 40 buy-ins at the higher level. So as soon I have the 4 buy-ins for the next upper level I will be taking another shot to try and move upward.
Until later mates.
Section 3: The daily rant.
Well I am totally exhausted mentally. It has been a long time since I played a 9 hour long grinder session. I would like nothing better than to sleep but I fear I am just too wired to sleep right now. It love how people keep calling players who are playing "ABC" poker idiots and dumbass fish while they are losing all their cash chasing after long shots.
You just got to love it when someone is trying to bluff you when you have the absolute nuts.
You got to love calling stations who are always trying to bluff when you are 100% to win. It is such a great feeling when you re-raise an idiot and they mistakenly call your all in shove. It is amazing how calling stations always think you are trying to bluff them, it comes from their belief everyone bluffs the same way they do.
Well until next time, be cool.
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