Online Poker Forum at Full Tilt Poker

drtre1987 · Message Board Junkie Joined: 07 Nov 2006 Posts: 2131

meh, I'd use at most 5% of my BR. 10% is just too much of your BR to risk at a time and you'll be on a ton of swings and would require moving up and down too much. Also, I don't think that you should have to be so mathematically precise in everything you do with your bank roll. I simply use a buy in range where I just play the cash game table that fits in my bank roll so that I have 20+ buy ins.

Also, it seems like you are too worried about ending with a profit instead of just trying to be the most profitable. For instance, you say that you must stop at the end of the day if you bust your PokerGamble for the day. That would be a huge mistake if there is a really good game running. Say that there is a huge fish and a regular on tilt at the table you were on and had busted, it would still be right to play that table because the conditions are good. If you were to stop simply because you had lost your PokerGamble thing, then you are not maximizing your win.

Wayniac · Forum Pro Joined: 26 Mar 2008 Posts: 617

I'm not worried about turning a profit... I'm worried about protecting my roll.

I'd never put 10% on one table... that is just the percentage that I'd risk in a single day. Also, you are saying that I am not maximizing my profit if I walk away, and I would disagree. If you've lost 10% of your roll, then I would argue that you are no longer having a good day.

I should probably post part 2 soon to clarify how much one should put on one table at any given time. I would risk 10% in a given day, 5% max on a given table (maybe less). I'd actually do closer to 3% on a single table. With that said, I'll have to lose three buy-ins in order to hit my 10% for the day, in which case, I think it is a good idea to get up and take a walk anyway. Even if there is a fish at the table, it might not be your day.

There is always another hand, and always another day, and always another fish... especially online. Take a break.

htichy78 · Message Board Junkie Joined: 17 Jun 2008 Posts: 1028

thanks for the information wayniac

UFO1947 · Posted: Tue Aug 26, 2008 11:00 am Post subject:

I like it

Wayniac · Forum Pro Joined: 26 Mar 2008 Posts: 617

bump for part 2

racerace1 · High Card Joined: 19 May 2008 Posts: 8

You say you need two accounts but what about maybe using Neteller. This way your cash is deposited straight away and doesn't take too much time to withdraw.

Wayniac · Forum Pro Joined: 26 Mar 2008 Posts: 617

No, you do not need two accounts. In fact, you'll get in trouble if you do. I said that only to demonstrate the example. You don't need two accounts... what you need is discipline, and more discipline. The point of it is to never lose more than 10% from your highest peak throughout the day.

racerace1 · High Card Joined: 19 May 2008 Posts: 8

Ahh ok dude. I like your advice, it is very informative.

Can I ask when your other articles are due!!

Wayniac · Forum Pro Joined: 26 Mar 2008 Posts: 617

I can put them up any time I feel. I just didn't want to put all four parts up at once.

Maybe these should be stickys for people. I don't know... let me know what you think.

nilgiri · Posted: Fri Sep 12, 2008 7:53 pm Post subject:

While I definitely think this is a perfectly reasonable alternative BRM system, I don't agree with sitting down with only 10% of your bankroll... For example, this means that with $10k, I am only allowed to 5-table 200nl.

I also can see that for many people, losing 10% of their roll would really affect their play. On the other hand, for others it wouldn't be as big a deal, and it would be silly to take a couple bad beats and then give up for the day, especially if those bad beats come in large part from getting sucked out on by a super donkey who is very likely to make you rich if you just keep playing with him.

So... while your BRM system is fine for some people, it isn't ideal for others. I'm not sure how much we want to sticky this particular system (i.e. as opposed to any other). Granted, this system is much better thought out and worded than others I have seen posted.

lovebeefstew · Posted: Fri Sep 12, 2008 8:00 pm Post subject:

No fun imo. I like to get drunk and blow my entire roll. Then get the visa card out, deposit more and blow all of that too. Lots of fun Smile

GoldenDomer9 · Posted: Sat Sep 13, 2008 9:20 am Post subject:

Why are there so many Wayniac nuthuggers in here? While I appreciate the effort, this method is ridiculous.

Using Wayne's theory, if I have a $1k roll I should set aside $100 in "PokerGamble" for today's play. So I proceed to play three (3) $33 SNGs and lose them all, which would be completely standard for even a good player over such a small sample size.

Now I'm done for the day. Boy that was fun (and profitable Rolling Eyes

). Basically, all you're advocating is taking shots with 10% of your roll on a consistent basis, which is exactly how not to build a bankroll for most all players. In reality, a player should find what they are good at and enjoy the ride (grind) upward. Treat yourself to an occasional higher buy-in, but your method advocates a slow painful death imo. Sure, you are risking no more than 10% of your BR per day, but by your guidelines you're destined to blow your 10% a large amount of the time.

Again using a $1k bankroll and $100 "Poker Gamble" account, lets say you built this up by playing .10/.25 ring games and $6 turbo SNGs; however, you stumble upon Wayne's theory this morning and decide to buy into a .25/.50 cash game and two $22 SNGs. It is completely conveivable, nay, likely, that you have probably blown around half of your PokerGamble account, or more, in about an hour, by playing stakes that you may or may not have been comfortable at. Sure, the worst case scenario is that your $1k BR is now only $900, which is plenty enough to rebound the next day; however, the route that was taken to lose the $100 was just simply not optimal. It's one thing to lose $100 playing your bread and butter, it's another to lose it in one quick swoop at unchartered waters, which will make you feel like you got punched in the stomach.

There are a tons of different ways to manage your bankroll effectively and plenty of literature out there on how to do so. I suggest you go read them and forget you ever read this post.

LostOstrich · Posted: Sat Sep 13, 2008 9:52 am Post subject:

I agree with nilgiri that Wayne's system is extremely well thought out and wonderfully presented. However, I agree almost entirely with GoldenDomer that it's fundamentally, horribly flawed.

Wayniac · Forum Pro Joined: 26 Mar 2008 Posts: 617

GoldenDomer9

I never said to sit down at one single table with the full 10%. I said that in a given day, you should not lose more than 10%. In fact, these are maximums. I can deal with the 10% because I am confident in my play. For somebody who is less experienced, they might want to stick to just 5%.

And quitting after you've lost three in a row is not a bad idea. Yeah, you're down, but you've only risked 3% of your roll on each table every time... and Chris Ferguson says 5% on a table is his rule, so to say I'm stupid for doing this is just plain ignorant.

The point of this system is to set up a plan for yourself. You took it way too literally. The system that I came up with lets you take shots if you want to, and also lets you build slowly if you want to. Your post really makes no sense at all. You don't have to do anything differently than you normally would... except stop when you've lost 10% for the day. That's all.

I don't know why people cannot just respectfully talk about something anymore... they always feel a need to try to prove that they're better than everyone else by insulting the other parties.

edit: I never once said in the entire post to put it all on one table either... and I don't understand why you'd take it to say that. You can if you want, but I wouldn't ever recommend it. You are not guaranteed to go bust using this method. Perhaps you should read part 2 as well to clear things up for yourself.

ilikewildponies · Posted: Mon Sep 15, 2008 9:03 pm Post subject:

All sounds good until FTP decides to lock your dual accounts. Which they will do when they find out your transferring money to yourself.

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