Poker Forum > Strategy
Cash games / bankroll management - advice please
SirPercival:
I"m not an expert on buying and selling shares but I do know that when I buy some I have a "target" figure and a "stop loss" figure.
So to keep the Math simple (for me - not you!) if I bought at £1.00 I may have a target of £1.30 and a stop loss at 90p. If the price goes down to 90p I sell if it goes up to £1.10 then I reset my stop loss at £1.00.
OK, so can the same principle be applied to poker?
When I play cash and say I take $50 to a 25c/50c table what should I be looking to leave the table with. (please don"t say as much as possible or > $50).
What I mean is that if I increase the $50 to $55 and do that more than I lose and walk away with $45 then I turn a profit. My problem at the moment is I have too much gamble and am walking away with $70+ or nothing! If I drop to $40 should I stand up? or try and win back the $10?
duke3016:
my head hurts -- all in
SirPercival:
--- Quote from: duke3016 on January 22, 2009, 22:14:42 PM ---
my head hurts -- all in
--- End quote ---
that was the 2008 approach to my poker, I am yet to work out my 2009 approach ???
kinboshi:
Artificial stop-wins or losses do not make sense.
If you"re winning, why stop? If you"re losing due to some bad luck, but playing well, why stop? If you"re losing and not playing your A-game - then yes stop by all means. If you"re winning, but you"ve been lucky, or you are getting too confident, or the players at the table have changed and it"s suddenly a lot tougher - then yes, stop.
If you"re tired and it"s affecting your play - stop. Same goes for if you"ve had a few.
Arbitrary stop-limits will just reduce your potential profit.
There is an argument for stopping after you"ve scored a decent win, if it"s off the back of a bad run. Or if the amount you"ve won at the table means a lot to you (and is large in proportion to your bankroll). Then it might make sense to stop.
Is this what you wanted to hear?
kinboshi:
--- Quote from: SirPerceval on January 22, 2009, 22:09:07 PM ---
When I play cash and say I take $50 to a 25c/50c table what should I be looking to leave the table with. (please don"t say as much as possible or > $50).
What I mean is that if I increase the $50 to $55 and do that more than I lose and walk away with $45 then I turn a profit. My problem at the moment is I have too much gamble and am walking away with $70+ or nothing! If I drop to $40 should I stand up? or try and win back the $10?
--- End quote ---
If you"re playing correctly and playing "winning poker" - the amount you"re up or down in a session (assuming it"s within your bankroll) is irrelevant. Short-term variance will come into play. If you"ve got your money in ahead as a big favourite but been "binked", why should this determine if you stop or continue?
If you let it affect your play then yes, it"s a factor. If not, then why stop?
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