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BLOG: Poker Tips, Bankroll Management and More (PART 27)

Tags: blog, blogger Ronin`s Renegade Blog.
Blog post published on 21 July 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
Have you ever noticed that, a winning poker player generally bets most of the time when they are involved within a hand. Many successful No Limit Hold'em players agree that, if their hand is not strong enough to raise with then it is time to fold. Many poker players believe you need take the lead when in a hand and control the pot size. Some would argue you must be aggressive in order to be a winning player.

I would like to point out that is NOT always the case. Winning players most often do NOT chase after pots, they will quickly fold a hand when they know they are beaten. It is rare for a winning player to purposely through good money after bad hoping for a miracle river card to save them.

The best poker players share two traits in common most of the time. What are those traits you ask? The answer is seeming simple, but difficult to follow at times. Truly successful poker players are both patient and they can calmly handle momentary setbacks, In short they are in control of their emotions and not controlled by them.

Some things to give some thought to and ponder.

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.
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

Week 7 Update
The week started off very poorly and just kept going downhill. The short version is that the challenge has ended in utter failure as I have just finished busting out my bankroll. I had five straight days of loses and now the bankroll which started at just below $60 on Monday is now $0. I lost the last $7 buy playing in a SnG and I bubbled the damn thing when my pocket kings got cracked by pocket 6's which became trips on the turn. I do have money in my bank account and could make a new deposit to fight anew.

The problem is my complete lack of desire to even play any cards at all; in the last two weeks I even turned down a two opportunities to play live poker. The idea of playing poker these last two weeks has been making me feel sick. I need to take a break as I am totally burned out, totally hate the idea of even seeing a deck of cards right now.
Until later.

Section 3: The daily rant
Ok so I have made the decision to not play any card for a month and now several people are offering to stack me into major online tournaments. Where were these guys when I felt like playing cards? Telling people I do not want their money seems to really confuse them. One friend actually thinks I am just trying to cut him out of a share of the potential prise money. He even asked me who was actually staking me into the Sunday Million. I told him the truth I am NOT playing any cards for at least one full month.

I MUST take this break to get over total and complete burnout. I still believe he thinks I might be holding out on him. I would love to win a nice lotto and just go sit on a beach somewhere for a few months or so in an exotic location.

Well until next time, be cool.

 


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3 comments on "Poker Tips, Bankroll Management and More (PART 27)"


 doubletop77722/07/2014 08:36:55 GMT
I agree with you that a lot of players bet too many hands and stay in the hand for way too long. Folding a hand is nearly as important as making great calls. Enjoy your break from playing and come back stronger
 Fakiry22/07/2014 17:03:29 GMT
Don't be sad for busting the bankroll, although that means your challenge isn't running the way ytou expected. But that may mean two things. Either you are playing higher levels than you should with your bankroll, or, which is more likely to be true, you are playing so much that you turn to receive the conclusion of the variation of your game sooner. Do not desperate. You already prove us what you are capable of, and showing you also lose it also gives readers, less good poker players than you, an important lesson: it also happens to the best and also to those who try to take things the most adequate way.
 Mipetin30/07/2014 03:20:53 GMT
This is my firts time reading this blog. Seems interesting ! I will for sure keep reading in the future Smile

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