So,
after writing about Bankroll Management, I had a few people asking me
about it. So I figured I would explain the easy way and just do
an online experiment in the fashion that Chris "Jesus" Fergusen did.
Couple of differences though, I am not (and do not consider myself to
be anywhere near) Chris, and I didn't start with freerolls like he
did. My desire is to show that the average guy/gal can win and
make money at poker while showing how to keep notations. Online players have a cashier they can quickly look at, but it does not give you long term information on where you made your money. Try to keep a notepad and track your wins and losses, it's smart and a good habit.
Since I have done it, I know building your bankroll can be done,
but crazy things happen in poker. Might take a few times...hope
not though. I did start with 5 bux borrowed from someone
since I cant find my wallet. I do have the money...just no way
to deposit...heh. Each session represents the time I was at one
table. My plan is pretty well layed out in the Bankroll
Management blog, but to recap. I start each session with a set
amount. If I am ahead, I do not bring my entire roll
to the table. When possible (sometimes ya gotta put it all in),
if I get down to half my starting stack, I leave the table, unless I
have a good read on the table. If I get up half my starting
stack I leave the table unless I double my stack, then I stay but do
not risk the additional half that I earned to ensure that I leave the
table ahead. Make sense? To make it a quick read...when
bankroll goes up, it gets a smile. When it goes down, it gets a
weepy face.
Addendum:
Because the small stakes ring games were so much donkey play and many
times based in luck, I left those and started playing SnGs. Sit
and Go's are more manageable for some because everyone starts with
the same stack and if there is an idiot at the table, once you take
his/her chips they cant rebuy and come back to get lucky on ya.
But If you are not good at short handed play, placing third more than
placing higher can dwindle a bankroll.
So the first session looks
like this:
Feb
14th .05/.10
9 player table
Start 5:15 pm End 5:45
pm
5.00
7.75
+2.75
#2
Feb
14th .05/10
6 player table
Start 7:00 pm End 7:10 pm
(table died)
5.00
6.10
+1.10
Bankroll 8.85
#3
Feb
14 .05/.10
6 player table
Start 7:25 pm End 7:55
pm
5.00
0.00
-5.00
Bankroll 3.85
Sometimes a player just wont fold to the nut hand and hits the
long odds runners.
#4
Feb 14 .05/.10
9 player table
Start
9:30 End 9:55
3.85
6.40
+2.55
Bankroll 6.40
#5
Feb
14 .05/10
9 player table
Start 10 pm End 11
pm
5.00
0
-5.00
Bankroll 1.40 (pushed with
Aces...called by kq...he flopped boat)
#6
Feb
15 1. +.25 9 plyer SnG Since I didnt have enough money to
enter the money games (minimum 3 bux) had just enough to play one Sit
and Go. Had to win.
1.40 - 1.25
1st place +4.50
Bankroll
4.65
#7
Feb
15 .05/.10
9 player table
Start 2pm End 2:20
pm
4.65
6.75
+2.10
Bankroll 6.75
#8Feb
15 .05/.109
player tableStart
3:00 pm End 3:25 pm5.000-5.00Bankroll
1.75 (I just cant beat the lucky player that calls needing
runners and hits. I knew this would be a struggle as Im risking
close to 100% of my bankroll each session.)
#9Feb
15 $1. +.25 9 player SnG (Too low to play on money tables.
At least Im decent at these. Might just play these if I am
gonna have consistent costly suckouts in the ring games)1.75
- 1.253rd
for +1.80Bankroll
2.30
#10 Feb
15 $1. + .25 9 player SnG2.30
- 1.252nd
+2.70Bankroll
3.75
#11,12,13Feb
15,16 (3) $1.+.25 9 player SnGloss,loss,3rd
+1.80Upshot
is Bankroll at 1.80 (nothins ever easy)
#14Well
...down to my last game...so I better win. I win.1.80
- 1.25+4.50Bankroll
5.00Decided
not to play any more of the low stakes donkey cash games. Might
go back to cash games when I have a bankroll high enough to risk only
a portion.
#15Feb
17 $1 + .25 9 player SnG4.50
- 1.253rd
+1.70Bankroll
4.95
#16,17,18Feb
18 (3)$1 + .25 9 player SnG4.95
- 3.75 (three games)1st
place in 1 game +4.50Bankroll
6.00
#19,20,21,22Feb
18 (4) $1 + .25 9 player SnG6.10
- (4x1.25) = 1.001st,2nd,3rd,loss
4.50+2.70+1.80=9.00Bankroll
10.00
#23,24,25Feb
19 (3) $1 + .25 9 player SnG
10.00
- (3x1.25) = 6.25
1st,3rd,loss
4.50+1.80=6.30
Bankroll
12.55
#26,27
12.55
- (2x1.25) = 10.05
loss,2nd
+2.70
Bankroll
12.75
#28,29
Feb
19 (2) $1. + .25 9 player SnG
12.75
- (2x1.25) = 10.25
3rd,2nd
1.80+2.70=4.50
Bankroll
14.75
#30,31
14.75
- (3x1.25) = 11.00
loss,3rd,3rd
1.80+1.80=3.60
Bankroll
14.60 (lost .15 this session..could be worse)
#32,33,34
Feb
19 (3) $1. + .25 9 player SnG
14.60
- (3x1.25) = 10.85
loss,loss,1st
+4.50
Bankroll
15.35
#35,36,37,38,39
Feb
19 (5) $1. + .25 9 player SnG
15.35
- (5x1.25) = 9.10
loss,loss,2nd,3rd,3rd
2.70+1.80+1.80=6.30
Bankroll
15.40 (woo 5 games...a whole nickel...I gotta get to the better games
soon)
#40,41,42,43
Feb
19 (4) $1. + .25 9 player SnG
15.40
- (4x1.25) = 10.40
3rd,2nd,3rd,3rd
1.80+1.80+2.70+1.80=8.10
Bankroll
18.50
#44,45,46,47,48
Feb 20
(4) $1. + .25 9 player SnG
18.50
- (5x1.25) = 12.25
loss,1st,loss,loss,2nd
4.50+2.70=7.20
Bankroll
19.35
#49,50
Feb
20 (2) $1. + .25 9 player SnG
19.35 - (2x1.25) = 16.85
loss,1st
+4.50
Bankroll
21.35
#51,52,53,54,55
Feb
20 (5) $1. + .25 9 player SnG
21.35
- (5x1.25) = 15.10
loss,loss,loss,1st,1st 4.50+4.50=9
Bankroll
24.10
Paid
back the borrowed 5 bux
Bankroll
19.10
