BANKROLL and now what

[Dan Abnormal]

IM going to use last night as my bankroll start so I got to make sure I under stand this

I buy in for $20 of my own money

I walk out of the card room with $77

SO I have $57 profit. NOW THE ORIGINAL $20 invested is that part of the roll or do I know have a $57 dollar bankroll. NOw I keep reading dont play more than 10% of your bankroll,

SO AM I STILL ALLOWED TO USE my original $20 to buy in again and if things go bad, dont lose more than 5.70 and If do its time to leave or am I allowed to buy in another $20

MY GOAL IS TO NEVER HAVE TO USE MY OWN MONEY AGAIN NOW TO PLAY, is that correct

[nb1961]

MY GOAL IS TO NEVER HAVE TO USE MY OWN MONEY AGAIN NOW TO PLAY, is that correct

If that's the case put the $20 back in your pocket and use the $57.

Then you set your own criteria of how you want to manage your bankroll. Mine is no more that 2% and I ignore the poker rooms fees when I'm working it out. So a $250 bankroll allows me to play $5 buy ins.

Where you set your figure really depends on you, I'm sure you will get several answers ranging from bankroll nits like me at 1% - 2% through to 10% or more. You then go for the figure you feel comfortable with.

[villaridge]

Hi, ok, BRM is different for cash and MTT

Your bankroll is all the money you have dedicated to poker, and poker only. I count all my balances at the many rooms I play at and add them all together to come up with my bankroll. Then play with my cap of 5% each day. and usually less since I have a $2,000 BR

Now that makes it easy for me. You have a $77 bankroll, that makes it harder. And it really makes it harder since u play cash. Online .01/.02 or .02/.04 are donk land and u usually have a min $4 buyin. But you are talking about live cash and there is no way u are gonna buyin with $4, in a $1/$2 game lol.

For u, if ur gonna go do that live regular, and have $77 bucks, take $20 to the next game, and play it. The point of BRM is to set a limit for what u can spend each day on poker. If u lose it, well, get up and walk away.

With cash, u need the higher % buyin. so if u got $77, $20 is bare min to play $1/$2 cash. gl, and lets say you win the next 3 nights and suddenly have $300 as ur BR. Heres where the M part comes in...u have bootstrapped ur way up, have $300. u go to play again the next day. U should still just buyin for the $20 and if u lose walk away for another day. But soooo many peeps will think, "hell, I got $300, I can afford to re-buy another $20" and so starts the spiral to blowing your BRM.

BRM is discipline in your daily spending. You are not gonna turn that $20 into $77 each time.

cash with a small bankroll does require that u take bigger daily risks. Part of why I hate cash, lol, MTT with a small bankroll is soooo much easier, cause with $77, I can cherry pick my mtts and only spend $5 tops per day.

in any case, I'm drunk as usual and wish you the best

[Dan Abnormal]

Great stuff here, thanks

that was going to be my plan just reuse my $20 and if it goes well, Im building up the BR, if not Im dont for the day, and this way I will still be $57 bankroll.

Your are correct last night people were just pulling 20's out over and over for chips and didnt look like they had any stop amount ( I cant imagine what kind of cash if happening at the NL tables since the $1/$2 NL were a min $100 buy in but Im sticking with limit for a while

[Limey777]

It's entirely up to you what you do with that $20 Dan.

I can tell you what I did. I doubled my investment, put that in my pocket and left myself $20.
I built on that and then put more in my pocket going back down to $20 again.
Now I'm building on that.
I kinda wish I hadn't dipped into my roll the second time as it cost me time as far as moving up in stakes but the bottom line is whatever happens I'm showing profit (as long as I never have to deposit again). I'm playing strictly opm (other people's money) and after a bad night that fact cushions the blow.

I apologize for the foul language (deposit)

SO AM I STILL ALLOWED TO USE my original $20 to buy in again and if things go bad, dont lose more than 5.70 and If do its time to leave or am I allowed to buy in another $20

That's not how it works Dan. You've found a friendly $20 game so put $400 aside as your investment and build on it. If you lose $400 at that level, then there's something wrong with your game or you're amazingly unlucky/cursed. My goal would be to build that roll into 2k and go to $100 buy-ins. You can dip into your roll at any time but remember it's going to cost you time to get it back

For a live game situation, well, I play live once in a blue moon. I'd carry 5x the buy-in and if I lost that I'd be done. Online totally different, I play as much as I can and more than I should. If your BR is $57 (doing the math) buy-in should be $2.50-$3 (close enough for me) so you're playing the penny tables.
I skipped .02/.05 and went to .05/.10. I wouldn't advise doing that till you're BR=>150. Never mid stack on your buy-in and don't shortstack unless you're playing very LAGgy on a table full of nits (judging by your hand historys you don't play LAG but working on TAG)
My biggest hit at that level was $70 in 2hrs (I got that dirty SOB's name around here somewhere, infact I remember it from over 1 year ago, gotta good memory for things like that)

The most important thing for me is to play within my comfort zone. I know that things can turn sour in the blink of an eye but I also know that things will be different tomorrow (hopefully). I have plenty of friends that play get rich quick poker and they are always there if I want to player transfer, because they're always broke. My opinion, grinding and BR management is the only way to go to successfully build a healthy BR online.

Sorry if I'm repeating anything already stated but it took most of my Sunday morning to type this.

[PLAYFUL1]

YAHHHHHHHHHH IF YAH ALL PUT PLAYFUL'S P.U.T. 2 BUTTA USE YOUR BANKROLL WOULD BE MUCH BIGGER.. DONT 4GET TO SEND PLAYFUL HER % OF WINNINGS OTAY.

[Logan]

Villa is right, is not the same Bankroll for MTT or S&G or ring games, and also is not the same for limit and no limit games.

It looks you are playing limit so you need less BR, as you inself say it, for No limit they ask for $100 min.

The thing is that you have really little BR there, i mean you put $20 and go with that in the game, means you risk your 100% BR in one session.

Is like if deposit $20 online then go to a ring table and put all the $ in the table, you have no choice to win or go broke, in that case will say go to 0.02 and enter with $2 to the table, but having so little and been live where buyin is min $20 is not much to do.

You have a profit night and go out with $ wich is great, glad that you want to try to manage well now.

In my case i always try to play free poker, this means if i invest $20, at the time i double up to $40 i will take out the $20 and leave $20, this means i already take out my investment and now im playing tecnically free. But because your BR is too low i don´t suggest do this.

If want to invest the $20 and never have to deposit again then leave the $20 to help have more room for a bad day, wich mean your BR will be now $77, if take the $20 then $57 will be really low, only have 2 more days to play the $20, with the $77 at less have 1 more day.

So leave the $20, and like Villa comment make sessions of $20, i you lose $20 end the day, also need to put a goal since the start for your profits to know when to walk away when still winning, wich mean every time you reach a level of profit leave, don´t wait to lose, you can set your own limit.

Example: you reach $60, you now have 3 times your buyin but you still want to keep playing, set a goal, you can say ok i will keep playing but only to try to reach $80 or to go down to $40, that way you lock your win at least at $40 and don´t trow away the session, other way you could reach $60 but keep playing and still end losing all at the end of session. also it not have to be the exact number, if reach $77 and don´t want to keep playing leave it no matter if not reach the $80, same if you already are down to $17, don´t try to go up to reach $20 you can go down more.


Is important to walk away when still winning, this are examples, you can set your goals to reach or to leave.

Also is important to notice you are starting with the minimal ($20) for the table, this don´t mean is the best but is what you can afford, if you grow your BR later can think in buyin with $30 instead of $20 to have more room to play by session, but need patience and grow your BR (not sure if this is alloud or only can play just with $20)

Good luck.

------
I make this post before read Limey, sorry if repeat something there.

[Dan Abnormal]

Dont ever worry about repeats cause as Ya'll see soemtimes I need this stuff beat into my head.

Once again, everyone keep talking because Im soaking it up.

[Dan Abnormal]

GREAT STUFF Keep it coming

[villaridge]

Limey is a very smart monkey that has trouble with english, or lol, american. Please do not feed him or taunt him.

anyways when folks from his Island say nit they mean rock/tight/passive, as in A nit is a tight-passive player that avoids confrontations. Typically, the term nit is used when this type of passive player plays in a pot-limit or no-limit game. Nits tend to avoid big pots and do not like to gamble.

TAG is Tight Aggressive Play

LAG is Lose Aggressive Play