I am not sure I am the best poker player on my block, must less the planet (though feldliss lives on my block, so I have reason to be apprehensive). I have no dreams of playing in the 4000-8000 daily game at the Bellagio. In fact, I dont even have aspirations to be a WPT or WSOP champ. I think I stack up well in the world of tournament poker, and given the chance, I would know what to do with it, or at least I hope. Ultimately in poker, I will go down as this guy, he didnt go broke. That is my best attribute, I dont go broke. I play within my means. <READMORE>
My active bankroll fluctuates drastically (for reasons that are difficult to explain, some backing, some promotions), so it is not uncommon to see me at 80-160 one night and 1-2 NL the next. Here is the key: I dont bother myself with having to appear to be someone I am not. I love who I am, and I enjoy the people I interact with on a daily basis. When or if I ever win huge, I hope it doesnt change me the way it seems to change others. I want to still be the father to my children and husband to my wife, which is what will define me in life.
Recently, I was at the Bellagio. I mainly went there for business reasons within poker, but I did play a little. I played some 10-20 NL and some 30-60 limit poker. Both are perfectly within my comfort range. Right next to me was a 1500-3000 mixed game; I was playing 30-60 when a friend stopped by and said, I always thought you played bigger than that. OK, was this a compliment? I would take it that way, but I dont think that is what he meant. You see, when you have success in poker or are perceived to have had success in poker, there is pressure to play big. Many of the people I know play quite big and are good at it. Many others are broke a lot, though there seems to be a never ending supply of backers for these broke people, so are they really ever broke? For me, I have never pursued a backer, nor do I think I ever will. This fits perfectly with my dont go broke strategy. To me, owing people money is the same as being broke.
This brings me to another point: many of us play in qualifiers for big events. We not only want to win them, we also want to win the events we qualify for. It almost becomes an obsession; we become overwhelmed at a thought that previously was not that important to us, because we have had fleeting moments of success. Even the people who have reached the pinnacle seem obsessed to get there again. When I was in France, someone asked me if I liked my chances, and I said, not really, I am playing against the best players in the world, and the odds are stacked against me." I feel like I can only do what I can do and fate will handle the rest. Fate made me bubble in that particular event. I loved the experience and had a great time, and I accept that for what it was. In poker, it was an opportunity in the event, and in life, I went to France with my wife. I would implore all of you to enjoy your experiences and accept them for what they are, become the best player you can, and hopefully fate will fall your way.
My ultimate point here (and I do have one) is be true to yourself; dont try and be something you think others want you to be. Play within your bankroll, and for goodness sake, dont go broke. The worst thing that can happen to a poker player is to not have a bankroll. You can not win the game if you arent in the game. Many people have some complex calculations of bankroll management, some not so complex. Most of us know when we are playing over our heads. Its good to want to progress within poker, but it is bad to do that outside of what your comfort level is. You need to be comfortable making the plays you make otherwise you are not playing in an optimal way. Just because you crushed 8-16 and initially did well beating 15-30, there should be no shame in going back and playing 8-16, and if there is, you might need a psychologist.
</READMORE>
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Cash is King II - Bankroll Management[ return to main articles page ]
- tchanpoker (Feb 10 16:54:58)
RT @HeroPoker: http://t.co/07Wx8Jz7 NEW SHOW UP with @tchanpoker with hosts @grunter321 & @Aaron_BigAzz The big Aussie Millions wrap up!
- scott_seiver (Feb 10 16:50:30)
@steveodwyer woooooooow
- RGHall (Feb 10 16:47:11)
Starting in 15 mins. (supposedly..) 10,000 chips, 25/50 blinds, 45 min. levels.
- Patrolman35 (Feb 10 16:45:16)
Watching @ISpewChips accounting for his accounts http://t.co/Ol2vFT8N
- steveodwyer (Feb 10 16:42:05)
@scott_seiver this is better rap music http://t.co/21VKo7Fm
- JasonSomerville (Feb 10 16:35:20)
going live, streaming some small stakes sngs and answering questions over on http://t.co/fVLIpqMZ come check it out!
- JCAlvarado1 (Feb 10 16:33:45)
I got drunk last night simply because I wanted to wake up early today and fix my sleep schedule. Success! #knowyourbody
- FoieGrasAddict (Feb 10 16:30:59)
About to start commentary for the live feed for WPT Venice check wpt.com for the link #wptvenice
- scott_seiver (Feb 10 16:26:02)
@Liv_Boeree awesome!
- scott_seiver (Feb 10 16:25:43)
http://t.co/eM0wrErH
- Liv_Boeree (Feb 10 16:23:36)
Today, I have mostly been doing this... http://t.co/RkcUdia7
- Pocket_Fives (Feb 10 16:19:03)
@EverleafGaming Gets Cease and Desist Letter from Homeland Security, Pulls Out of U.S.: http://t.co/jX81kY2j
- nacho_barbero (Feb 10 16:10:45)
RT @pokerstarslatam: World Blogger Championship of Online Poker #WBCOOP empieza! Bloguea para intentar ganar premios en efectivo y ticke ...
- nacho_barbero (Feb 10 16:10:34)
REGISTRANDO - LAPT Gran Final. Satélite clasificatorio $55+1R+1A (18:00 ET) Un asiento garantizado.. Events > LAPT > Cash Satellites
- sbrounder (Feb 10 16:04:49)
RT @ProFootballTalk: So long, "Mount Pain" http://t.co/1FeiWAue
- chicagocards1 (Feb 10 16:00:50)
Anyone have a car I can borrow for 15 minutes to run to the bank #wptflorida
- PBJaxx (Feb 10 15:59:03)
The 2/9 Senate #poker hearing was great for us! To keep this up, please go to the Daily Action Plan @twoplustwoforum: http://t.co/jJP6eeIx
- JakeCody (Feb 10 15:49:08)
PKR hoody and mug arrived today, office will be done soon too!! #GRIIIIIIIIIIIIIIIND
- shaundeeb (Feb 10 15:42:37)
Took it easy last night got home late tho. Crashed at Leo p 20 min there got woken up by Leo wanting to go to hosp he didn't and he's ok
- Daniel_Blum (Feb 10 15:39:32)
I have never been more anXious for a song to drop than @qulinez "Troll" to drop. Tonight. We Ride!
- flopnuts1 (Feb 10 15:37:35)
"@OUdlanger610: Awww yeahhhh @dreday227 just shipped the high roller!!! #TrueGrinder #GotEm" congrats @dreday227 well deserved
- JasonSomerville (Feb 10 15:33:37)
just finished my first session streaming some 1/2 over on twitch +120! follow me over at http://t.co/fVLIpqMZ gonna play more at 1130est
- SirWatts (Feb 10 15:32:54)
@Bond_18 Your tournament starts with 3 times as many chips as mine. It'd be an embarrassment not finish the day with more chips than me
- RGHall (Feb 10 15:22:32)
Fallsview $2.5K at noon. Dreading the drive home tonight in a snowstorm.
- TristanCre8ive (Feb 10 15:12:03)
RT @GreatestQuotes: "A superior man is modest in his speech, but exceeds in his actions." - Confucius
- bigdogpckt5s (Feb 10 15:01:41)
On my way to the 2500
- RealKidPoker (Feb 10 14:58:46)
RT @PokerStars: World Championship of Online Poker ( #WBCOOP ) has launched! Get blogging for your share of $50,000+ in prizes! http://t ...
- RealKidPoker (Feb 10 14:57:01)
PokerStars doing things right “@PokerStarsBlog: More positive developments as PS receives license from Malta. http://t.co/MZ9xUwow”
- RaSZi (Feb 10 14:53:16)
My muscles are so sore from yesterday's work out I can barely put my shoes on or put my phone to my ear. I move like Tin Man.
- melanieweisner (Feb 10 14:45:50)
RT @wptliveupdates: WPT Venice Grand Prix live stream w/Jesse May (@ScurrilousMay) and @melanieweisner now underway @ http://t.co/y4D2amlz
- ShipThisPLZ (Feb 10 14:43:39)
worst feeling - getting up early to reg, once your tournies start, you realize you are too tired to play
- RaSZi (Feb 10 14:41:59)
I got the Herman Miller Aeron. Judging from everyone's comments that seems to be a good pick :D.
- PokerPlaying (Feb 10 14:39:03)
Bought all of these for 72 baht ($2.33) today! Yet another reason why this place is the raddest #Thailandlove http://t.co/iCDYUwc0
- JasonSomerville (Feb 10 14:22:16)
good news, i set up my stream! bad news is i cant delay it w/o partnership, so it'll be sngs only for now. follow me! http://t.co/fVLIpqMZ
- BrokeLivingJRB (Feb 10 14:10:25)
“@RBT_TB: JRB New rule: No pics of your bare chest unless there's a barely there bikini on a hot model in the pic” Seems reasonable enough
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