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Spades64 · Pair Joined: 02 Jan 2007 Posts: 40 Location: Illinois

Hello all, I cant seem to keep my bank roll up at all. I deposit 50 and i may get it up to 100. Then it seems like i go on this amazingly bad streak to knock me down to 10-25 dollars. I only play 5-6 dollar sng's and some cash games with only taking 5 dollars. I only call with what i would consider good hands but just seem to get beat. I dont know alot about odds and outs. I do know my out's but not my odds of hitting an out. I have been given sites that teach odd's but is there any site out there that can help me with bankroll manage. or with strategy? Just trying to become a better player but i am starting to think its hopeless.

jim gammy · Posted: Tue Jan 16, 2007 3:04 am Post subject:

A simple method to calculate outs is.....
on the turn your number of outs times 4 =% chance of hitting.
e.g. open ended straight draw =8 outs times 4 = 32% chance of hitting on the turn.
on the river the calculation is two times, 8 outs times 2=16% chance of hitting.
this is only a rough method but its fine in most situations,hope this helps Smile

danyn9878 · Posted: Tue Jan 16, 2007 3:06 am Post subject:

never giv up, you can always become a better player. if you are indeed dedicated to becoming a winning player, you don't need forums, you need something a little more formal. get yourself a good book (you can find plenty of posts on em on this forum) and study it cover to cover. you will learn more from one book then from years from the school of hard knocks. most people who learn from just experiance at the tables just reinforce their bad habits.

also, you need to be self critical. don't ignore your losses and blame it on luck, cuz even the pros make money with a bad run of luck. remember not to go on tilt, meaning if you are on a bad run, you'll be more likely to make rash decisions that can cost you more then you think. play smart and you'll make it.

one book i can recommend is the theory of poker by david sklansky. i borrowed it from a friend the day after new years , and after finishing it i noticed i was playing much better.

so study up, keep your cool, and ill see you on the felt.

ridic x · Posted: Tue Jan 16, 2007 3:14 am Post subject: Re: Bank Roll

Big Slick x13x · Forum Icon Joined: 18 Jun 2006 Posts: 4626 Location: ROK

wizard1974uk · Posted: Tue Jan 16, 2007 3:49 am Post subject:

Bones65 · Posted: Tue Jan 16, 2007 8:52 am Post subject:

try the "jesus experiment"

griffinlord · Posted: Tue Jan 16, 2007 12:20 pm Post subject:

You are recognizing that something isn't working...that's the first step.

Second step is to get a book or two. Winning Low Limit Holdem by Lee Jones has some introductory material on counting outs and such. It is a limit book, but 3rd ed. does have a chapter for online S&G play towards the end.

Phil Gordon's Little Green Book will give you a lot of the basics of tournament play and will help you there.

Theory of Poker is a good book, and works as a first book if you are mathematically oriented. If you are not, then Jones and Gordon's books are a better place to start.

Third step is work on your aggression.

When I first got back into poker I rarely raised before 5th street. Didn't like to risk getting drawn out on. I was playing micro NL cash games and decided to spend some money learning to be more aggressive. I was amazed at how often a bet/raise in position will take the pot. (This falls under practicing what you read about in the books.)

Forth step is learn to understand variance. Bad beats happen. Coinflips are won or lost. Basically if you are playing S&Gs as a winning player you can plan to finish out of the money pretty often due to nothing other than variance. You can easily finish out of the money 5-8 times in a row.

sockerkid008 · Message Board Junkie Joined: 04 Dec 2006 Posts: 1175

If you need help with your bankroll I run off of the 5% bankroll buy in its been very sucessfull for me and you can do more then 1 sit and go at once if your looking to play 4 sit and goes you should have double the bankroll of the buy in atleast. But those are just 2 methods

Spades64 · Pair Joined: 02 Jan 2007 Posts: 40 Location: Illinois

Wow thanks everybody for all these great idea's. I really really appreciate it. As of now i am broke and will have to wait to put money into my Fulltilt to practice some new techniques and may go buy myself a book this week. Again thanks alot! Smile

Spades64 · Pair Joined: 02 Jan 2007 Posts: 40 Location: Illinois

RiverRonny · High Card Joined: 17 Jan 2007 Posts: 8

KGBlovesOreos · Moderator Joined: 28 Jun 2005 Posts: 5319 Location: VA

intrepid69 · Straight Joined: 22 Jul 2006 Posts: 120

I have limited experience but, bankroll management is so important. That 5% rule mentioned in an earlier thread is a good rule to follow. Never sit at any table with more than that 5% of your BR in play. It helps ease the pain of bad runs and varience. About 4 months ago I decided to start playing some LHE to round out my overall game. I play strictly micro limits with my BR. Anyhow, over a 3 month period I lost $150.00 playing LHE. Using that 5% rule per sitting it amounted to 27% of my BR over that 3 months. That was enough. I guess LHE just isn't my game. Only losing that 27% over that period really helped, otherwise I might be one of those railer beggers you see all the time trying to bagger someone into transferring them money. I've gone back to PLHE and NLHE and in the past month have won back $50.00 of that $150.00 I lost. Staying within that 5% limit has allowed me to keep playing without panicing and ride out the bad decision I made to try LHE. Give it a shot and I wish you well at the tables. Also, the other great suggestions mentioned previously are well worth following.

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