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Joined: Jan '08
Location: Brazil
Age: 44 (M)
Posts: 1788
Lately I´ve been seeing many triumph and defeat stories. Great increase or great loss. So, what do you think of this win it all or lose it all tactics? Do you prefer to take it slow, with the careful help of a planned bankroll management?
Joined: Feb '08
Location: Netherlands
Age: 41 (F)
Posts: 46
i WANT to have a great bankroll management and i try not to play higher limits than my bankroll allows, but today i got the 25$ in my UB account and now i'm at 19,94 So i have to be very careful not to play too hard to get those 5$ back. So now i play .50+.05 sng's (in which i usually end up 1st or 2nd) but even that's not going well now, so maybe it's time to call it a day
Joined: Feb '08
Location: United Kingdom
Age: 35 (M)
Posts: 1886
if your scared to play cos u'll lose u wont go very far. u need to take each decision logically. Never be afraid to go all in. the people who win all the time seem to be the people who don't care!!!
I'm a pretty tight player myself. I don't have money to burn but i kno that thinking about money doesn't make me a better player
Joined: Feb '08
Location: Ireland
Age: 36 (M)
Posts: 136
Bankroll management techniques and formulas are there for a reason. They are mathematically derived from the Kelly criterion for optimal bankroll growth. Wikipedia it if you are interested. It does what it says on the tin and gives you an approximate guideline for what stakes you should be playing with your bankroll for it to grow at the fastest rate.
By playing higher than this level, even by playing perfectly you increase your chances of going busto. When you have a couple of grand online I would prefer not to go busto. Steady growth is the only way to do it, and without practicing proper bankroll management you will never prosper as a poker player.
Eg; you should have circa 20 buyins in your bankroll for stakes up to .25/.50 25 for that and .50/1 and 30 and more for 1/2 and above imo.
Obviously bankroll depends on your style of play as well, as the more loose-aggressive you are, the higher your variance will be, the higher your bankroll requirement. Also depends on your winrate. The higher your winrate, the less bankroll required. Obviously if you are a losing player it doesn't matter what you do with it as you'll just lose it all long term as you have no edge in your bet, which Kelly requires
Joined: Jan '08
Location: Brazil
Age: 44 (M)
Posts: 1788
Tommy, that was all nice and beautiful, thank you for that information... it might actually help some people, but are you going to answer the question stated at top top of this thread... in other words, how do you like to play, what tactics do you use?
Joined: Feb '08
Location: Ireland
Age: 36 (M)
Posts: 136
Posted by thefodz: Tommy, that was all nice and beautiful, thank you for that information... it might actually help some people, but are you going to answer the question stated at top top of this thread... in other words, how do you like to play, what tactics do you use?
Those are the tactics I use!
The question was "Great increase or great loss. So, what do you think of this win it all or lose it all tactics? Do you prefer to take it slow, with the careful help of a planned bankroll management?"
My post states that I think the "great increase or great loss" tactic is really bad and clearly not optimal. To the second part of the question I said I use very very conservative bankroll considerations!
Joined: Jan '08
Location: Brazil
Age: 44 (M)
Posts: 1788
If you did, great, thank you, it just all seemed so distant from your personal opinion about the style you used. It seemed more like a description and explanation rather than anything else. Sorry if I misinterpreted your response, the important thing is that it is all clear now.
Joined: Feb '08
Location: Ireland
Age: 36 (M)
Posts: 136
Posted by thefodz: If you did, great, thank you, it just all seemed so distant from your personal opinion about the style you used. It seemed more like a description and explanation rather than anything else. Sorry if I misinterpreted your response, the important thing is that it is all clear now.
OK cool! I suppose I do write kind of impersonally!
I'm just new to this forum though so still looking round!
about two months ago, my bankroll was in 0,0 . i started playing freerolls and i win a few $, so i started playing NL2, in 4 tables, later in 8 tables, lates in 16 tables, im actually playing in the last, in NL5 with a very good bankroll for this level... i think, if u want to have a good bankroll, u have to work hard for him
Joined: Feb '08
Location: Bosnia and Herzegovina
Age: 37 (M)
Posts: 142
sometimes i play a tactic sometimes i play agresiv i dont have really a tactic maybe i schould make me on and will see what happened with that...vargoss u have done that good good luck in the future
Joined: Feb '08
Location: United Kingdom
Age: 44 (M)
Posts: 1170
i always seem to do really well then when i get t the double my deposit leval i seem to stay there then go backwards dont know why this is just me i guess
Joined: Mar '08
Location: United Kingdom
Age: 44 (M)
Posts: 6714
There is no win all or lose all, its lose all or win some, so id guess id have to go for the slow approch with some bankroll management, but i do sometimes try to wipe out a whole table at lowest limits possable allowing myself 1 re-buy, its fun but not real poker. Or is poker but not profitable if that makes any sense.
Joined: Dec '07
Location: Denmark
Age: 40 (M)
Posts: 2644
I use dynamic bankroll management, besides that im playing LAG which gives higher/more variance so I obv need a tighter bankroll management. I like to be overrolled like 50 BI's it gives me ease and comfort to relax and play the game I want without having worries when variance visits. It helps me when losing 4-5BI's in a row....instead of thinking OMG I just lost 500$ and then play bad, I think well thats only 5 of 50 that's nothing and then keep playing my A-game
Joined: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
With the no deposit offers it is often impossible to follow proper bankroll management. A lot of rooms offer nothing under NL10. So you start out with just 2-5 buy-in even at the lowest level possible.
Joined: Sep '07
Location: Sweden
Age: 48 (M)
Posts: 244
I think its hard to keep a proper bankroll managment. Im on a strict budget from start. The money i deposit to play with i actually can afford to lose. But if i win i usually am very fast to cash out. Its always nice to be able to buy nice things. So i dont remember if i actually kept a bankroll growing that long time. I deposit at pay day each month then i play untill i either lose it all or am able to cash out a couple of hundred bucks. Then i dont play other then freerolls or ND bonuses rest of month
Joined: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
Bankrollmanagement is only usefull for players who do win in the long run. If you are constantly bleeding chips no tricky management can help. Then it is really better to set a budget that can be used up in one month/year.
Joined: Dec '07
Location: Denmark
Age: 40 (M)
Posts: 2644
Starting a bankroll is like starting a company, the worst thing you can do is withdraw. Let the money stay in the company so it can grow faster so your final result/outcome/profit whatever will be much greater. Every time you withdraw your ROR will get much higher and ofcourse next month's profit well be lower than posible.
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