Bankroll mangament
Whats up everyone? I wrote a little bit on Bankroll Management today but I am new this site and I am not sure exactly how to get my blog in the main erea where anyone can read it if they like? I hope that this is the right one.
Well last month i wrote on about a prop bet that i have with a friend that i can turn $100 into $10,000 the original bet was 20 dollars into 10k but since i only have 2 months we both decided that i can start with a 100. Well I am a little over a month into the bet and i have built my bankroll to just around $6,670.98. Now before I started this bet i thought that i knew all about banroll managament but i was completely wrong. I got advice from quite a few people some good and some bad.
So one nite i was brain storming on the best statagy for me to win this bet.
Now for those of yous who have not read my last post about this i will explain the rules for this bet.
I can not re-deposit
I can not play in low-stake games no bigger than $1/$2 N.L. or pot limit omaha hi and hi/lo
I can not play in any sit'n'gos with more than 10 players and buy-ins no bigger than $20
If i lose my money i lose i have one chance thats it
Now this may seem like a suckers bet and to be honest with you before i figured out the best statagy and bankroll managament it was.
So I am going to let everyone in on my secret well actually my statagy
First thing that i found to help me triple my money very quickly was
I would play in a heads up sit'n'go for $20 and also play in a six man sit'n'go buy-in $20. I multi-table. Now how this is very effective when playing in a head up session it is fast action so i am mainly paying more attention
and as for the six man sit'n'go I am folding alot of hands that i normaly play so now i have an extremely tight image and when you play in any poker game tourny or ring you want to set a tone for instince you either want a tight image or a loose/aggressive image that is key.
So now I am playing both tourny's blinds are getting higher and before i no it there are only 4 players left in the six man tourny and since i have a tight image when ever i bet they fold i do this to steal the blinds to keep me in the game
So now i win my heads up session and now I am freerolling because if i don't cash i brake even so i play more relaxed and more confident.. Follow me?
So now i need to build some chips up so I am not blinded out. And here is where my tight image is an advantage for me.
Now i have enough chips to continue my tight image and when there are 3 of us left i start to unleash not play stupid but start to confuse them i check and resaise them and when the next player is out he's the bubble boy and most player's tend to play extremely tight where I have already doubled my money so i take advantage of that. And before I know it I am in the money and we are heads up my oponent thinks I am very tight/passive and when i start to play more hands re-raise him he is all confused gets him off his game and BOOM I win that tournament.
So i win $40 dollars on the heads up and win $78 dollars in the six man tourny so i win $102 minus my buy-ins of course.
Now with the $100 i just won i take 50 dollars and play at $1/$2 N.L. ring game table with 6 players cause I am a short handed specialist. And as soon as i get up to 150 dollars i play until the button comes to me and i leave unless the table in filled with donkeys even still I need to build my money up quick. When you set a limit and you stick to it you will find out that it works wonders. Don't get me wrong it is not like i havent had a losing session cause i have many and where i what i do when this accurs
I take a break cause playing on tilt is only going to cause you to make stupid mental mistakes and when i feel that i am off tilt i begin to play again
So now i win another $100 dollar's in the ring game
I get into a 4 man heads up sit'n'go winner takes all for $20 dollars
I actually won 7 of those in a row believe it or not
Now since i only have very little time i must put alot of hours in and by doing so my game went to a whole different level.
At the end of the nite i take count of my winnings or losings
If i had a winnig day i calculate on how much more i need to reach my goal and i figure a plan on how much i need to win to keep pace
Now if i have a losing day witch will never be 10% of my Bankroll but i figure out what i need to win and how much i need to play with to keep pace
Sorry I know alot of you reading this is thinking how does this have anything to do with Bankroll Management well in away it does but what i have writin is mainly to explain the best way to build your money.
O.K. so for Bankroll managament first obvious rule never get in any game that is more than 10% of your B.R.
find a stake that you are comftable with say like $2/$5 N.L. same with any game. And just because you have a few good weeks or months you think your ready to move up in stakes that is where alot people go broke. Also if you are winning money at these stakes why leave. Rule of thumb only jump up stakes when you have well say you deposited 100 dollars in ur account and you have been playing the same stakes for awhile and you feel that these stakes are way to easy and the action is no longer fun plus you have built your B.R. enough to if you jump up in stakes you have enough money in your account to take a few bad sessions and never ever be imberrassed to go back to the lower stakes remember don't care what people think or say it is your money not theres
Aslo this is very important before you open an account on a site do your home work you want to find the best site that for one is trusted,has the best promotion such a 100% first time deposit match and also read how many points you need to start to collect them and how much they credit at a time and if there is a time frame. Also you always want a rakeback because these site rape you on there rakes and last but not least see what the min. and max for making a withdraw and if there are any fee's sor every withdraw you make.
Now remember one thing these sites are on here to make money and they now that players are going to play well above there B.R. in order to collect points for there deposit match and also there rakeback.
So just play your normal limits pretend that there are no promotions or rake back and if you do this i promise that this work out better for you instead of finding ur self constantly depositing. To be perfectly honest with you the only players that really make out on the rakebacks are the higher stake players where there rakes are always the max of 3 dollars and the multi-table and play 11 hr session don't get me wrong getting an extra 20 dollars in your account is great but most players may only get 6 dollars.
Also alot of people do not completely understand the way rakeback works so i will tell you
If you are in a hand and you muck with no money invested then you do not receive a rakeback for that round. Also say you are in a hand and you have say .75 cents invested and you fold and theres other players playing the hand you do not receive full rakeback they caculate how much you have invested in each hand and that is how they determain how much of a rakeback you will receive. So now that i told you that do not start playing every hand to show down to get all of the 30% rakeback or whatever the % is that is what the sites want you to do just stick to your game and think of it as just a little extra money for your time.
Well I hope i explained everything OK I am a little rushed since I am in vegas for the WSOP
If anyone has any questions or ideas please reply
thank you
