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Bankroll Managment!!

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AMRN:
The problem with that approach is that you can lose sight of the demarcation between your poker bankroll and your housekeeping budget. Before you know where you are, you"re playing with money that you might rather spend on food!!

By ringfencing your bankroll completely, at least you protect your real cashflow accounts.

Jon MW:

--- Quote from: AMRN on December 02, 2008, 09:49:25 AM ---
The problem with that approach is that you can lose sight of the demarcation between your poker bankroll and your housekeeping budget. Before you know where you are, you"re playing with money that you might rather spend on food!!

By ringfencing your bankroll completely, at least you protect your real cashflow accounts.

--- End quote ---


oh yes - you need to have a set amount beforehand of how much in total you"re willing to risk.

rubertoe:
The BR is $300 no more no less and this is the BR that i will be using for all of My Online Play

(APAT tourny buy ins come out of my own personal Disposable income! and i have a seperate BR for APAT online purely for the BlueSq games!)

I will just stick to what i have been playing, 3/6c and 5/10c no limit cash, I dont really play many SnG so will Place that bit of advice in the Locker as for MTT - i"ll just stick to the Levels that i have been playing and I will again ask the question again when the BR stands at $1k (bearing in mind it has taken me 18 months to grind out the roll that i have) unless i go broke!!!

kinboshi:

--- Quote from: Jon MW on December 02, 2008, 09:32:57 AM ---
Another thing to consider is:

Is your bankroll really $300?

If you lost that $300 are you just going to put another $300 online?

If so then you could say your bankroll is actually $600.

Obviously it may be likely that even if you could redeposit you might really not want to, but don"t get put off playing a bit higher if the worst that could happen is you just put more money in.

On the other hand - don"t be reckless just because you can put more money in.

--- End quote ---


There is another option that I"m sure some people adopt.  They have a bankroll for a set period.  So for example, they might have a bankroll of £500 for 12 months.  If they use it all up, they might be able to start again with a bankroll of £500 for the following year.

This is probably a realistic way many recreational players approach the game.  If a pro can have a bad month (or two) through variance - then a recreational player who plays far fewer tournaments or hands in cash games could go through the same variance, but it could be over a longer time period.

Personally, I had a much larger bankroll 12-18 months ago.  I played a lot more online and had built my bankroll up considerably (from the pittance I started with).  But I had to use a lot of this for "buying stuff" and so I have had to reduce the size of my bankroll available for poker and am trying to build it up again to where it was before.  But as I"m playing less volume, and I"m playing at lower levels (because of my smaller roll), this is taking longer than I"d hoped.  It"s always very tempting to play above your roll and take that shot.  Fortunately, it"s something I"ve managed to avoid so far.

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