Poker Forum > Strategy
Cash games / bankroll management - advice please
SirPercival:
Currently sitting at a 25c/50c table with $70. Started with $30. 146 hands played.
bb/100 = 27.11
Current thinking:
1. quit now whilst I"m ahead
2. keep going as I"m doing ok
??? ???
oneill1970:
A stop loss can make some sense - if you"re losing it could be variance, but it could also be that you"re being outplayed and/or tilting. Not losing more than a certain amount could stop this damage before it gets worse.
A win limit makes far less sense - if you are going to throw away money you"ve won, then you should stop the moment you feel you"re not playing your best. However, if you"re beating the other players, then every minute you"re at the table you"re earning money, whatever the variance is doing.
Why not set a time limit for the amount you play, rather than a win target? Then, win or lose, you have to stop at a certain point. It will stop you chasing targets you might not be able to achieve, and give you the discipline to accept short-term losses as part of the (very) long term plan.
Ultimately, I guess monetary targets don"t help in poker the way they do in shares. You could play the same session the same way - one day your three flush draws come in, the next they don"t. In the short term this is beyond your control - in the long term, as long as you"re playing the odds correctly, it is in your control.
Hilger"s Inside The Poker Mind has a long discussion about this. Also other poker psychology books, no doubt.
Eck:
Why are you buying in short in 25/50, can understand taking a shot at higher levels but you are leaving money on the table if you don"t buy in for the max ( and top up if you go below). My opinion only, I am not a cash player, but is buying in short not a sign of lacking confidence in case you lose etc?
As for the question don"t think the comparison can be used as too many factors apply. If you feel you are being owned move away or stop playing if you think you can beat the table stay. Imo this comes back to confidence again because i believe some days you will be able to beat a certain group of players and some days you won"t which is down to factors affecting your focus like work, family, mood etc. Does that make sense to you? it does to me I think... ???
SirPercival:
Thanks to all the above for the advice - keep it coming.
It"s good to know others can relate to what I"m saying/thinking.
I think Pokertracker (which I am now running on the 60 day trial) has already helped and will continue to, when it comes to taking a closer look at my game and the reasons for any losing sessions.
I think I"ve thrown the stop loss idea out but will continue to look for ways to maximise the wins and minimise the losses.
Eck - this was the first time I have ever bought in short and I"m not sure why I did that. Maybe it was the sting from buying into the $2/$4 for maximum then losing it all on a 1 outer!
(and worryingly it does make sense to me too!)
oneill1970:
--- Quote ---will continue to look for ways to maximise the wins and minimise the losses.
--- End quote ---
Keep making good decisions and the cards will more or less even themselves out over time. Ignore the short term results as long as you know your decisions are correct.
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