Bank Roll Management

EvilPingu

In Response to Re: Bank Roll Management:

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
Posted by bigrick91

A bankroll is basically a certain amount of money that you set aside to play Poker with. Whether it's worth having a bankroll or not really depends how much you play - If you're only playing a tournament once a fortnight, bit of fun, for £11, there's no point really worrying about it. If you're taking the game even the slightest bit seriously, you definitely want a bankroll set aside for playing the game.

As a general rule, you should never, ever, ever be playing with more than 5% of your bankroll at the same time (some people say less than that). For instance, if you deposit £100 into your account, 5% of that is £5, so you shouldn't be entering anything more expensive than that. If you win a couple of tournaments and go up to £200, 5% of £200 is £10, so enter anything up to £10. Equally, if you lose your buy-ins and go down to £50, then 5% of that is £2.50, so you should probably move down a level or two.

Regarding DYM's, usually somewhere between levels 6 and 8 is when the 4th place guy busts out, so 5 min blinds = 25-40 minutes. In DYM's (I'm the same with being too aggressive sometimes), you still want to take chips from people when opportunities present themselves, of course, because 5,000 chips is always better than 4,000. However, you have to adapt your game. 

For instance, you might be happy to take a flip for your entire stack in tournaments, because winning that flip might, for example, mean you'll be in contention for the final table and a big cash. However, in a DYM, you'll only win the flip 50% of the time, the other 50% of the time you're going out - Because of the prize structure in DYM's, you will obviously only be breaking even, before including the rake, and the times that you win that flip and still don't cash, so you're probably avoiding flips in DYM's whereas you're maybe happy to take a flip in tournaments.

Gooders58

In Response to Re: Bank Roll Management:

In Response to Re: Bank Roll Management : A bankroll is basically a certain amount of money that you set aside to play Poker with.
Posted by EvilPingu

Just wanted to thank Rick for asking the questions and Pingu for giving such a clear and helpful response.

zing

this a terrible way to manage a bankroll, basically it's saying i play with scared money and only when i've reached a tiny profit compared to what i keep in my account i now relax and play more.

my defense of this method is i make money every week - totally irrelevant, if you're a winner it makes plenty more sense to start out multi-tabling so your hourly rate is better than tiptoeing round a "bankroll" at the start of each week/month

maybe it works fine for you at the moment but this should definitely not be a recommended strategy for a newbie imo

scotty77

this is the weirdest BRM I've ever heard of

penguin7

Tis a bit strange methinks !

It is good to be playing with other peoples money, but it really makes little difference always playing a 22dym to start every week etc.

You should open a building society account for part of your poker bankroll and put all but £1k into it and forget about it. A grand is plenty for what you are playing, but it still makes sure you keep an eye on your online balance every week.

Then when (or if !) your online balance reaches £2k, put another thousand in the account and forget it and so on.

At some time in the future you will hit a downswing, and having to take money out of the bank to boost your online balance always concentrates the mind !

I am sure a few people  will follow your progress if you put your results on here, but that has nothing to do with BRM. Good luck.

stretch83

Even though I don't really agree with the BRM, I think everyone is being a little harsh on the dude.

One question I have out there for the guys that make a decent profit from playing.  If you withdraw from your bankroll how do you decide how much to take?  Do you cash out just a percentage of your C4P's or like OMGCALL set a target for the week and withdraw?

tommyt5555

I think OP must feel slightly daft now he's found out about sharkscope, what a ridic post, basically a lie.

penguin7

The advice I posted was exactly that ! There was a time when I regularly kept a 5 figure sum on here, and never felt the need for BRM at all. It was another player who advised me to only keep what I needed online. And just by doing that, I feel I have more control over my bankroll.

At the moment I am on a downswing, and the fact that I currently have only £600 online makes me very selective about when and what I play. Because I would hate to ever deposit, although it would be from winnings in my poker building society account if I did.

In the past I have taken out sums from £500 up to £7000. But it goes from Sky straight into my bank current account, and I only withdraw when I can go into town and transfer it to the building society, otherwise it gets lost in paying bills etc !

Some people may think I have a strange way of doing things, but as a tournament player variance can be cruel, and its got me through downswings in the past.

IDONKCALLU

this is funny basically hes bragging hes got 3k in hes account if he actually has might of hit a big mtt and now playing £22 dyms for your bankroll if i had a bank roll of 3 k i would be playing 50p/1 blinds so much profitable can make alot more money on cash tables then playing dyms or just play mtts and have fun but cash is where it is if u have an ok amount in ya acount i think 

stretch83

In Response to Re: Bank Roll Management:

The advice I posted was exactly that ! There was a time when I regularly kept a 5 figure sum on here, and never felt the need for BRM at all. It was another player who advised me to only keep what I needed online. And just by doing that, I feel I have more control over my bankroll. At the moment I am on a downswing, and the fact that I currently have only £600 online makes me very selective about when and what I play. Because I would hate to ever deposit, although it would be from winnings in my poker building society account if I did. In the past I have taken out sums from £500 up to £7000. But it goes from Sky straight into my bank current account, and I only withdraw when I can go into town and transfer it to the building society, otherwise it gets lost in paying bills etc ! Some people may think I have a strange way of doing things, but as a tournament player variance can be cruel, and its got me through downswings in the past.
Posted by penguin7

Thanks for the reply, it really seems like a sensible way to preserve your winnings!

Lambert180

In Response to Re: Bank Roll Management:

this is funny basically hes bragging hes got 3k in hes account if he actually has might of hit a big mtt and now playing £22 dyms for your bankroll if i had a bank roll of 3 k i would be playing 50p/1 blinds so much profitable can make alot more money on cash tables then playing dyms or just play mtts and have fun but cash is where it is if u have an ok amount in ya acount i think 
Posted by IDONKCALLU

Yeah Dohhhh said earlier in the thread, he took down one of the UKOPS events for about 3k lol, before that he was a break even player according to sharkscope.

pod1

just checked again and the last 200 games since this thread started aint gone to well!!

IDONKCALLU

well done on your ukops win omg u call u cant really say how to bankroll management your money as far as u have only just won this money give it a few month first then tell us tour system of bankroll management so far your a 1 hit wonder whish is great  aa massive tourney congrats but it is hard to bankroll within your limits anyway good luck 

Lambert180

In Response to Re: Bank Roll Management:

just checked again and the last 200 games since this thread started aint gone to well!!
Posted by pod1

Lol!

It's alright he'll jsut deposit back up to 3k and skim off the profits which come...

scotty77

can I just say what sad people you are going onto sharkscope to check on the OPs progress.  get a life.

ok the looking at the sharkscope is standard cos people are just nosey but to come on here and make snide comments is so so bad.

fwiw i bet he has better sharkscope graph that most of hte people who said things.

ignore it OMG

pod1

scotty, it probably took you longer to write your post than it did me looking at ss. his theroy on brm may have been correct and it was worth seeing how he was doing. ps nothing snide about post my friend i tell it as i see it. a bit like yourself.

Die_hard

If no-one had looked at his SS stats in the first place then no-one would know that he was lying in the first place.

Edit - too many first places in there ha