Online Poker Room
Our Poker Players
Texas Hold Em Download
How To Play Poker
Full Tilt Poker
Real Money Poker Games
News & Promotions
Poker Store
Online Poker Affiliates
Full Tilt Poker
Online Poker Forum at Full Tilt Poker
  FAQFAQ   SearchSearch    RegisterRegister   ProfileProfile  Log in to check your private messagesLog in to check your private messages  Log inLog in 

Online Poker Forum - A tragic lesson in bankroll management

 
Post new topic   Reply to topic    Online Poker Forum Home -> Fixed Limit Strategy Discussion
Author Message
sharktank13
High Card


Joined: 11 Jan 2007
Posts: 12

PostPosted: Thu Jun 14, 2007 10:24 pm    Post subject: A tragic lesson in bankroll management Reply with quote

Hey everyone, just thought I'd share a little story with you all in hopes of helping you all out down the line. I have been playing for a year with an initial deposit of $50. It's been up and down, but this summer I had plans to make poker my serious summer job. I play low-limit 1-2 and 2-4 tables mostly, sometimes tourneys. Over the last couple of weeks I got my bankroll over a thousand and was getting ready to play 3-6. This last week I played 3-6 several times and more or less decimated the whole bankroll. It seemed that people were so loose, my big pairs always got cracked, yet none of my draws ever came in. I knew that if I got some good hands I could make some money, but they never came. I was on scared money, feeling a little tilty, but most of all my bankroll was never large enough to withstand the cold streak. I was down to $120, I cooled my head and went back to 2-4. I am back to $350 in a day, but the episode at 3-6 was costly. I wish everyone the best, and recommend moving up only when you are ready and your bankroll is large enough. See you at the tables Wink
Back to top
BOYNAMEDSUE
Moderator


Joined: 27 Jun 2005
Posts: 7401
Location: Toronto

PostPosted: Thu Jun 14, 2007 11:23 pm    Post subject: Reply with quote

When you play tight and it seems like everyone else is playing loose, that might be the case, or it might just be you're playing scared. You can play looser when you have a big enough bankroll to support the swings. $1000 is not enough to play $3-6, even if it's fixed limit.
Back to top
HuJwang
Forum Blight


Joined: 20 Aug 2006
Posts: 5861
Location: Halifax, NS

PostPosted: Fri Jun 15, 2007 1:29 am    Post subject: Reply with quote

300 times the big bet is the common rule of thumb for fixed limit. With a bankroll of $350 you shouldn't be playing anything higher than $0.50/1.00.
Back to top
BOYNAMEDSUE
Moderator


Joined: 27 Jun 2005
Posts: 7401
Location: Toronto

PostPosted: Fri Jun 15, 2007 12:48 pm    Post subject: Reply with quote

Another bankroll tip, stay away from sites that offer casino game, especially blackjack.
Back to top
fire_eyes_2k
The Burn Card


Joined: 18 Jan 2006
Posts: 3335
Location: Old York

PostPosted: Fri Jun 15, 2007 1:11 pm    Post subject: Reply with quote

I play 2/4 off $1600, and withdraw whenever I get over 2k. I've had a hideous start to June and lost $900, without playing particularly badly. I've had plenty of swings of 100-150 Big Bets, but this one of -220 is really starting to piss me off, and really does reflect the importance of BRM. If I had played 3/6 my BR would be gone. Sure if this goes any worse then I can reload and still comfortably be up for the year, but I'll need to take a good look at my game.
Back to top
Riddim
Moderator


Joined: 04 Dec 2005
Posts: 7323
Location: Quitting smoking

PostPosted: Fri Jun 15, 2007 4:28 pm    Post subject: Reply with quote

HuJwang wrote:
500 times the big bet is the common rule of thumb for fixed limit.
Back to top
MrBoston6
High Card


Joined: 05 Jul 2007
Posts: 3

PostPosted: Thu Jul 05, 2007 1:16 pm    Post subject: Reply with quote

I'm curious how you're trying to play poker instead of your job while having barely $1000 in the bankroll. Thats not even a months rent in some places, and you'd have to clear 3 times that
Back to top
roger39
High Card


Joined: 06 Jul 2007
Posts: 5
Location: Thailand

PostPosted: Fri Jul 06, 2007 1:07 am    Post subject: Reply with quote

He says he wants to make it his summer job. From this I would assume he is a student and still supported by his parents.
Back to top
ridic x
Straight Flush


Joined: 03 Nov 2006
Posts: 485
Location: At your tables stealin your moneyz

PostPosted: Sat Jul 07, 2007 11:40 pm    Post subject: Reply with quote

I can't even laugh b/c I did this a couple months ago, was comfy playing 2-4 had about 1400. Tilted like mad one night, jumped to 5/10 and 10/20. After all was said and done, I only had 200 left, and I just now have gotten my confidence back and am on my way back to 2-4, currently multi-tabling 1-2.

The biggest thing that led to my downfall was being ill prepared for the swings, now I know it's nothing to swing 100 bets and what not. So I keep my head on straight.
Back to top
Display posts from previous:   
Post new topic   Reply to topic    Online Poker Forum Home -> Fixed Limit Strategy Discussion All times are GMT - 4 Hours
Page 1 of 1

 


Powered by phpBB © 2001, 2005 phpBB Group