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BLOG: Poker Tips, Bankroll Management and More (PART 34)

Tags: blog, blogger Ronin`s Renegade Blog.
Blog post published on 24 November 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.

 

 

A New Bankroll Challenge

I have been challenged by a friend to try something different.
I have been told to put my skills where my wallet is as they say. I am to build my bankroll on PartyPoker from $ to 10 000 USD.

Day 1 has already been a huge success!

Imagine this as a scenario. I am taking on the role of a poker player who for whatever reason just cannot make a real money deposit of his own for some time. However, life being what it is, I am unable to make ends meet financially and I require a minimum or an extra $150 each month just to stay above board.

Having no other options I decide to turn to my love of online poker. Because I am a member of BankRollMob I have built up enough mobpoints to do a $56 USD cashout. This is not the same as taking a Non-Deposit Bonus but it is as close as I can get.

This is my new starting bankroll on day one. I need to make just $5 USD each day and continue to move my bankroll upward so that each month I can cashout $150.
So on day one I began with my BRM $56 cashout and I set to work to grind out just $5.

Instead of the normal approach to my bankroll which has been to very aggressively attempt to build it as fast as possible. I am going to try using the turtle method to build slowly but steadily upward.
My goal is to make just $5 a day.

Yes I know that does not sound like much money at all. However, when one thinks about it, I have actually only had one cashout in the last nine months.

It was for $1000 USD. So if I make just $5 a day times 30 days that would be $150.
I can do a lot with an extra $150 USD each month.

Today is November 21st,2014 and I have officially just begun this new challenge and after just one grind session on a NL Holdem 0.02/0.04 table I have already built my bankroll up by $8.70 USD.
It is only 3:30 am and I have already surpassed my daily quota. I can play as calm and patient as I like the entire rest of the day and not worry. If I lose $3.70 I will simply stop playing until tomorrow and once again move along.

Will keep you informed as things continue to progress.
Wishing you all the best
be cool

Until later.

Section 3: The daily rant 
I want to state for the record that the above challenge scenario is to show that anyone who uses strict Bankroll Management and plays with a calm, relaxed, and disciplined approach, should be able to start with a very small bankroll and build it into something worthwhile. I have been in exactly this type of scenario before, I was forced to survive for 18 months with my only source of income being online poker winnings.

Thank God this is just a simulated scenario and not really the fat of my life these days.
I plan on make daily update in my blog about this struggle in my attempt to show that it can be done by any BRM member. It should be a fun ride and I hope I prove to be successful and as a result an inspiration to all my fellow mobsters.


I wish you all total success in your live in all you do.
Be cool
Well until next time.

Section 4: A Poker Quote
The guy who invented poker was bright, but the guy who invented the chip was a genius. ~Julius "Big Julie" Weintraub


If, after the first twenty minutes, you don't know who the sucker at the table is, it's you. ~David Levien and Brian Koppelman, Rounders

Well until next time, be cool.

 


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6 comments on "Poker Tips, Bankroll Management and More (PART 34)"


 klash2324/11/2014 15:42:05 GMT
Good luck with your mission,you sound like you are setting about your plan in a very disciplined way and if you stick to your own rules I think you will achieve your target with no problems.
I think a calm,patient player who plans to make $5 a day is very achievable when it seems there are some players who are quite happy to lose a few buy ins by playing very loose.I recently had someone who shoved his entire stack of 125BB from UTG with a pair of 4s,luckily I had AA and won but I have no idea why someone would do that.Some people just do not like money!!
 RoninHarper24/11/2014 18:03:51 GMT
g'day mate

Thank you for your kind words.
It is now the 24th and I am actually up slightly over $19 USD.
So I am currently averaging almost $6.50 USD per day.
Hoping to continue grinding things out slowly upward.
best wishes to you.
be cool

Ronin
 erru910724/11/2014 21:30:07 GMT
Good luck Ronin! I'll be following this to see how you progress! Building a bankroll from virtually nothing is indeed doable and a good player like you shouldn't have any problems doing it! If even I can do it, you certainly can!

I'm looking to reach $200 before the 10th of December. I've currently got a $110.30 bankroll that I built up from $5 + $50 added from BRM cashout. So a playing profit of $55 in 24 days (with some days of not playing) meaning that I average $2.30 a day. But now with the added amount from BRM, I'll be able to play at higher stakes so my daily profits should increase enough to get me to my $200 goal!

Anyways, good luck and I'll be watching you Blink
 RoninHarper25/11/2014 20:13:47 GMT
G'day mates
Thank you erru9107 for the very king words and the well wishes.
I appreciate it a great deal.
Hope things go even better for you.
I will be fine as long as I stick to the plan.
be cool

Ronin Big Smile
 thefly13127/11/2014 09:37:57 GMT
Nice to see you re back qt the poker tqbles Ronin.

I am sure that you can grind some nice money bu playing your a game and just be patient and wait for the right moment.
Just remember you cant bluff aggressive fish and use it when you have the nuts, just make a huge 3-bet and they call it for 90 % (normal players will fold to huge overbets)

So gl mate
 RoninHarper27/11/2014 22:22:06 GMT
G'day mate

Thank you for the advice.
It will help if I can just follow it.
I had a bad session today and lost $25.
I will rebuild it though.
Glad to see you are back.
You have been missed amigo.
Wishing you all the very best.
be cool

Ronin Cool

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