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iluvcards3 High Card
Joined: 19 Mar 2008 Posts: 3
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Posted: Wed Mar 19, 2008 11:55 pm Post subject: Sit and Go Bankroll Management |
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| I deposited $50 about a month ago. I started out by playing some 90 person $3 tourneys and a few $5 tourneys. After about a week, I had doubled my roll to $100. Then, I started playing $10 one table omaha h/l sit and go tables. I have been placing in about 1 out of 3 of these tournaments and taking 1st about 1 out of 5. I have also been playing some .25/50 pl omaha h/l ring games. After a month of this, I have built my bankroll to $350. I am just wondering if I should keep playing the $10 sit and gos and .25/50, move up, or move down a level? I am doing pretty good so far, but am not sure if this is just luck and if its good bankroll management or not. Thank you for any replies. |
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MjT16 Pair
Joined: 08 Nov 2007 Posts: 42
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Posted: Thu Mar 20, 2008 7:41 am Post subject: |
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If you feel your the best player at the table usually then keep playing at your current levels. Why move down when your consistently winning.
However most peoples view of bankroll management is 20-30 buy ins for a cash game and 5% of your bankroll for SnG's and 2% for MTT. That will just help deal with the swings of hitting a losing streak. |
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omg_dueces High Card
Joined: 09 Mar 2008 Posts: 6
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Posted: Tue Mar 25, 2008 3:58 pm Post subject: |
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| Thats an impressive streak you got goin there. I had my friend send $5 and then I lost it pretty quick, then he sent another $5. I've managed to turn it all the way up to $50 but I keep going down this bad streak when I reach there and go back down to $30s. Hopefully I'll end up making as much as you. I agree with MJTs strategy but I gotta say watch out for those cash tables, they can put a hurtin on your cash, and put you on tilt. |
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docallme Pair
Joined: 16 Feb 2008 Posts: 49
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Posted: Thu Apr 03, 2008 6:51 pm Post subject: |
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| If you can run over the $10 SNG, stick to that |
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iluvcards3 High Card
Joined: 19 Mar 2008 Posts: 3
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Posted: Tue Apr 08, 2008 5:28 pm Post subject: |
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| Thanks for the replies guys.....good information....by the way I was up to about $540, but have had a bad run back down to $440....I wanted to cash some out but the withdraw by check option is messed up and full tilt is apparently working diligently to fix this. |
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kris30122 High Card
Joined: 29 Mar 2008 Posts: 3
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Posted: Sat Apr 12, 2008 7:03 pm Post subject: |
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| hi i deposited $50 and after a couple of cashes in some mtts and beating the $5 stt i managed to get it up to $600(in 3 weeks) before i hit a down swings and lost $125 on the .25/.50 tables when i was getting my money in good i was always getting sucked out as it goes. Anyway i cashed out $400 and left $75 in there which i lost. i was happy as i made $350 profit anyway once i lost the $75 i re-deposited $50 which after 3 days im up to $105 playin $5 and $10 stt's. It takes alot of patience as i play most of the day and can get really frustating but if u keep beating the level ur at why not stay there and build a nice bankroll up before you move up that way when you do ove up you got a nice bankroll behind you alredy Cheers Kris |
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occumsraizer Two Pair
Joined: 09 Jan 2008 Posts: 58 Location: In my office felting myself
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Posted: Wed Apr 16, 2008 9:55 pm Post subject: |
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I deposited 25$ on stars about 4 months ago. This was after many times of practicing horrendous bankroll management. I would deposit 50 or so, get me roll up into the hundreds go on a losing streak. I would end up down to 50 or 40, then play 4 or 5 10$ tables tilted and lose it all.
I have been adhering to a strict rule of 30 times the buy in, and followed the same initial trend built it up then brought it down, but instead of panicking, I moved down in stakes to accommodate my roll. I have built my bankroll up to around 900, and have started dabbling in the 27$ sng's. Not finding it too much different than the 16$ ones to be honest.
P.S. I avoid ring games like the plague, I seem to have pigeon holed myself by playing sng's, and have no concept of how to win cash games. Stick to what you're good at, and if you want to try any other types of games, start way below your roll. |
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sk8ram High Card
Joined: 25 Aug 2007 Posts: 12
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Posted: Thu Apr 17, 2008 5:51 am Post subject: |
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| Although it sounds completely over the top, to really avoid swings, especially in turbos, you want to have at LEAST 50 buy-ins and preferably 100. I work on the 50 buy-in principle and multi-table like a demon. |
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californiachamp Banned
Joined: 05 Jul 2006 Posts: 394
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Posted: Thu May 08, 2008 11:56 am Post subject: .. |
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If your truly good at sit n go's, then you absolutely should have at least 1 of the 3 table or 4 table sit n go's going as your going to get a much better return on your dollar assuming you do go far and do well.....
When you say your cashing in 1 out of 3, that is pretty good but at some point, variance is going to slow those #'s down slightly and then your profit will go down but if your playing a 45 man or 3 tabler occasionally and win one or even take 2nd, it will balance out the 1 tables when variance kicks in... |
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cloud_strife007 Straight
Joined: 29 Oct 2007 Posts: 115 Location: Des Moines, IA
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Posted: Tue May 13, 2008 12:23 pm Post subject: |
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no matter how good you are at SNG tourneys, Variance is a ****! I play with 20 buy ins, and from everything I've heard from people doing this for awhile, thats pretty low.
That said though, as long as you can reload your bankroll( I know...defeats the purpose of a bankroll), keep playing at your current levels, just don't step up till you have minimun 20 buy ins for the next level.
I started playing $1 turbos (Turbos was all there was at the time at that level), and decimated my bankroll. I was playing within my bankroll's limit, but I was getting killed! I got it down to about 8 bucks. I figured in one last ditch effort I would play the $2 non-turbos with the rest of my bankroll, and built it up to about $115. I'm currently down to $82 because I stepped out of my bankroll limits to play cash games, which I really, REALLY shouldn't do. So while bankroll managment is very important, you also have to play a game you can beat. It sounds like you can beat these games, but you are most likly experiencing some positive variance too. I'd say keep doing what your doing unless things really start to go south. |
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Badlydrawnboy Flush
Joined: 28 Jan 2008 Posts: 127
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Posted: Sat May 17, 2008 7:18 pm Post subject: |
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After starting out with 50 dollar and turning it into 400 before losing it all again due to poor bankroll management, I deposited 20 dollar on Everest Poker a while ago and decided to give it one more try playing SnG's, starting out with 1+0,1 tourneys.
Things have been going pretty well: I played 66 of them now there, cashing in 27 of them and 13 first place finishes. I now have around 50 dollars. The next level are the 2,50+0,25 SnG's.
Now I have seen people give different advice about bankroll management, some say minimum 20 buy-ins, others say 25, 30 or even 50. What is your view on this? I don't want to make the same mistake again, go on a downswing and have to start again.
On the other side, building a bankroll would go much faster if I step up levels.
If I stick to the minimum rule of 20BI's, I should step up when I have about 55 dollars. Do you think it would be sufficient? I took a shot at one of those SnG's already, the quality of play doesn't seem to be much higher than what I'm used to.
If I stick to the 30 BI rule, I would first have to get it up to about 75, which could take me another while playing 1 dollar tourneys... |
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