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Bank Roll Management

edited December 2011 in Poker Chat
I have decided to put my bank roll strategy on here and hope it will help some of you.  The thing to remember is that although I play to make money it is also fun.  

As I mainly play DYM's and MTT's this seems to work for me.  I allways have 3k in my acc and that is my starting roll every Monday.  I will start the new week playing 1 £22dym and if I am lucky enough to cash I will play a few more. When I reach £3100 I will then start to play 2 tables.  This way I can now play with freedom and dont have to be scared of losing my initial bankroll.  By the end of the week I might be playing 5 tables at once but I can now also afford to play the main events.  When the week ends I will cash out everything over and above my 3k starting roll and start again.

Please note you would have to adjust the stakes relative to your roll.  The main thing is dont get greedy and be hard on yourself because without a roll you cant play well.  Start small and go up the stakes when you feel comfortable.  

I hope some of you will find this helpfull and remember play within your limits!
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Comments

  • edited November 2011
    What if you lose the first three DYM's, how do you adjust.
    You start by only playing with under 1% of your roll -
    So basically you use you winnings above 3000 as a springboard
    Knowing your not risking your start roll but just your winnings

    I really do relate to this )




  • edited November 2011
    If u off to a bad start go down one level.....I think the thing to remember is that too many ppl build a roll leave it in the acc and then lose it over a period of time.  Much better to use your winnings for treats :-)
  • edited November 2011
    I don't get why you need to start at 3,000, you might aswell have it in your bank.

    Surely if you're gonna play a £22 game and do that, and play with your profits? Couldn't you jjust as easily do this with £1000 or less, cos you're playing with your profits only anyway, not your actual roll?

    Get some interest on that cash ;)
  • edited November 2011
    With the interest rates being so good lol......it is a personal thing Y I leave that much in there.
  • edited November 2011

    Quality "Ive got a 3k bankroll" brag! ;)

    Maybe the advice will work for a very very specific type of player, but I think more traditional, tried and tested bankroll management guidelines are more apropriate for most people, especially those trying to build a bankroll.
  • edited November 2011
    In Response to Bank Roll Management:
    I have decided to put my bank roll strategy on here and hope it will help some of you.  The thing to remember is that although I play to make money it is also fun.   As I mainly play DYM's and MTT's this seems to work for me.  I allways have 3k in my acc and that is my starting roll every Monday.  I will start the new week playing 1 £22dym and if I am lucky enough to cash I will play a few more. When I reach £3100 I will then start to play 2 tables.  This way I can now play with freedom and dont have to be scared of losing my initial bankroll.  By the end of the week I might be playing 5 tables at once but I can now also afford to play the main events.  When the week ends I will cash out everything over and above my 3k starting roll and start again. Please note you would have to adjust the stakes relative to your roll.  The main thing is dont get greedy and be hard on yourself because without a roll you cant play well.  Start small and go up the stakes when you feel comfortable.   I hope some of you will find this helpfull and remember play within your limits!
    Posted by omg_u_call
    Weird i cant get my head around this ,
    please expand i am sure you have good reason .
  • edited November 2011
    Also, what happpens when at the end of the week you have £2900? Do you top it up to 3k for the start of the next week?
  • edited November 2011
    Sorry maybe I didnt explaint it right....I have reached a bankroll I can now play with it is not a brag.   It is a way I can can maintain a profitable return on my money every week.  I work towards a target of £700 a week but start fresh every by cashing out my winnings every monday....in hindsight maybe I shouldve put the heading as maintaining a bankroll.....sorry if there is any confusion.



  • edited November 2011
    So as I said, what happens when at the end of the week you're on £2900 or even £2500... everyone goes through phases of terrible run bad, what do you do? top back up to 3k?
  • edited November 2011
    If I hit a down swing I stop for a few day....tbh havent reached that stage yet lol
  • edited November 2011
    i dont want to chuck a wet blanket over this but acording to the almighty sharkscope you played nearly 400 games and are up about 80 quid? i dont play dym and if i have to have a br of 3k and play 400 games for 80 quid i aint bothering!!!

  • edited November 2011
    You're telling me, you haven't EVER had 1 losing week?

    How long have you been playing? I'd imagine a while if you have a 3k BR. I find it VERY hard to believe that anyone who has played the game for a while could say they've never had a losing week.
  • edited November 2011
    In Response to Re: Bank Roll Management:
    i dont want to chuck a wet blanket over this but acording to the almighty sharkscope you played nearly 400 games and are up about 80 quid? i dont play dym and if i have to have a br of 3k and play 400 games for 80 quid i aint bothering!!!
    Posted by pod1
    LOL!
  • edited November 2011
    Winning a UKOPS and FT'ing another UKOPS always helps! ;)
  • edited November 2011
    I don't think 3k is total BR, is it ?
  • edited November 2011

    Have no clue what your actual bankroll strategy is.

    It seems wierd to me that you will 1 table £22 dyms with £3000 and then start 2 tabling at £3100.
    Also sounds like you are really scared of dropping below £3000.

    Not sure if your a full time player or what but I'm not sure £700 is achievable if you are playing so little volume without a M.E/Roller deep run weekly.

  • edited November 2011
    Maybe u want to check ur sharkscope again cause I far as I am aware I cashed out 500 on monday.....and made nearly 200 today...so not sure where u get ur stats.....
  • edited November 2011
    In Response to Re: Bank Roll Management:
    Maybe u want to check ur sharkscope again cause I far as I am aware I cashed out 500 on monday.....and made nearly 200 today...so not sure where u get ur stats.....
    Posted by omg_u_call
    Well I believe he was referring to your SharkScope for DYM games because you said you mostly play them and MTTs. And judging by what Dohhhhh said, no wonder you can withdraw big money, but that's not gonna happen every week.
  • edited November 2011
    Myabe best thing to do is to do a week of playing and post results every day.....that way u can all keep track and see whether I make money or not.
  • edited November 2011
    In Response to Re: Bank Roll Management:
    Myabe best thing to do is to do a week of playing and post results every day.....that way u can all keep track and see whether I make money or not.
    Posted by omg_u_call
    No offence but there are a few flaws there...

    1) You can post results you like without it being easily verifiable.

    2) Without being nasty, I don't really care how you do over the course of a week

    3) BRM is about long term thinking and not losing your BR. I could take my BR and put it all on 1 cash table, I might double it up, but that doesnt mean it's gonna make me a winner long term. So you showing 7 days results is gonna be no representation of your long term results.
  • edited November 2011
    There's an easy way to monitor it, sharkscope does all that for u....

    You have played just under 400 sit and gos on sky, and made $64 total.

    You have played 91 mtts on sky and made $9,100

    Basically without your 2 UKOPS scores you are a break even player. You don't make much but you don't lose anything either.

    Wish I could do it that way, massive mtt binks make life much easier than grinding a profit day in day out.

    But there's no way u make 700 a week playing sng's, in fact you've not made 70 quid total, nevermind 700 a week.


  • edited November 2011

    I dont doubt you make money at the game but you same like you have a really strict brm over 3k and u only play 1dym at£22 and only if you win a couple you multi-table for the last few mths a had 1k in my account and i was playin anyfin from 30nl up to 50nl was doin what you said your doin withdrawin anyfin over the 1k a withdrew treated me and my family but weeks a lost plus for example down to £900 i dropped down a level and grinded it bak up to 1k.Im at college and dont have a job at the moment so it was extra cash but took out most of ma br 2 weeks ago so i can get xmas in left £130 in my account so just goin 2grind away at the micros to get back up 2 the 40nl,50nl again but gl at the tables

    sorry if this was a bit long guys lol

  • edited November 2011
    In Response to Re: Bank Roll Management:
    i dont want to chuck a wet blanket over this but acording to the almighty sharkscope you played nearly 400 games and are up about 80 quid? i dont play dym and if i have to have a br of 3k and play 400 games for 80 quid i aint bothering!!!
    Posted by pod1
    Well said Pod - u cant argue with the stats on sharkscope!!
  • edited November 2011
    In Response to Re: Bank Roll Management:
    You have played 91 mtts on sky and made $9,100 Basically without your 2 UKOPS scores you are a break even player.
    Posted by DOHHHHHHH

    http://www.youtube.com/watch?v=TBtpyeLxVkI
  • edited November 2011
    had the op been, i binked 2 big cashes in mtts i would have said well done and congrates, but to put this under bankroll managment and how to play dyms, is at best mis leading at worst a waste of my time.
  • edited November 2011
    Think you all are being a bit harsh on this guy lol

    Basically say he starts by playing with 1% of roll, then spins up his winnings.

    Does it matter if he is a big DYM winner or loser, surely it's sound BRM

    You could apply this same logic to a roll of £200, and play £2 DYM

    Obviously if you drop below the start mark then you have to stick to within 1-5% to make it work for you

    ---

    You could apply the same logic to cash and say have a roll of £1k, any winning above this you cream off.
    Still apply the 1%-5%



  • edited November 2011
    How can people be harsh on him when he's the one that's telling porkies ?

    He says he moves to two tabling when he's hit £100 yet by all accounts he's not made that yet.


  • edited November 2011

    wats a bankroll im wat u call a serial depositer.

    hw long does the average dym take neva played 1. think il be rubbish at them cause il want all the chips

  • edited November 2011
    I know what ya mean Rancid, and I wouldn't like him to think we're all ganging up on him but...

    1) By the sounds of it, his roll was only 3k since UKOPS (so a couple of a weeks) and so can hardly say at this stage whether it's effective or not.

    2) I don't think it's a particuarly great BRM strategy for the majority of players. I'm a big BR nit but that is ridiculous. And on top of that, if he's single tabling £22 DYMs, it's virtually impossible to make £700 profit a week

    I mean lets say he manages to get 150 games in per week which would be impressive 1-2 tabling and let's assume he has a constant win rate of 65% which would be pretty amazing...


    Stakes - 150 x 22 = 3300
    Wins    - 98 x 40  = 3920

    Profit = £620

    So that's 620 profit from probably more games than he plays per week with a nigh on perfect win-rate and without EVER getting any run bad

    Hmm
  • edited November 2011
    Lol this is absolutely crazy . IMO.   No offense, but i think you should google other bankroll management stragies and take it from there !

    GL anyway.
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