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Article: Keeping Your Poker Bankroll in Action

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  1. grapsfan grapsfan is offline Head Curmudgeon

    Rosemount, MN
    United States

    Posts: 7,980
    Joined: Jun 05

    Sep 18th, 2009 (9/18/2009 8:35am)

     
  2. TheDavidSwain TheDavidSwain is offline

    London
    United Kingdom

    Posts: 11
    Joined: Sep 08

    Sep 18th, 2009 (9/18/2009 9:58am) in reply to grapsfan

    <p>This article intrestes me, as banroll building has been how i have started on pkr</p>
    <p>I started with nothing , came 3rd in a freeroll and won 45c, and built up to a reasonable $20 in a month have 70 Games. Playing 1 dollar sit and go's with 20 buyins feels safe.</p>
    <p>My point being that, with a bit of luck patience and good bankrolling, if you are a good player, you will earn money in the long run.</p>
  3. sgildea25 sgildea25 is offline

    Nashua, NH
    United States

    Posts: 777
    Joined: Jan 08

    Sep 18th, 2009 (9/18/2009 10:29am) in reply to grapsfan

    <p>Good article and I agree with David. And rule #1 about starting as a poker player is don't sit with money you don't feel comfortable with losing. Don't deposit money online or go play in a live MTT without knowing that you don't NEED that money for any other reason. </p>
    <p>Some players feel comfortable risking a lot of their 'roll since they have more to throw on. For the others that can start with only a few hundred bucks and that's a BIG investment for them, should play it safe and keep 100+ buy-ins in their bankroll. </p>
    <p>If you want to start with nothing and build a bankroll, IT IS POSSIBLE but unrealistic for many. </p>
    <p>For the money I have made, I usually put money on and take money off Full Tilt on a regular basis before I started the concept of bankroll building. Now I have a $2.1K bankroll and A LOT invested on the side. </p>
    <p>I feel more than comfortable playing in the 24+2 and 3 rebuy taking a risk with some 50's and Mini-FTOPS events, while still playing MY POKER, and not playing with scared money.</p>
    <p>For anyone looking to keep money in a "safe" (relatively) place, look to invest your bankroll in a mutual fund and let it earn money for doing nothing but sitting there. If you ever go broke, pull the PROFIT from the mutual fund and start all over again. </p>
    <p>For example, you start with a $200 roll and somehow run it up to $10K. Take out $8K, invest in a mutual fund, and keep the $2K as your roll. If and when your $2K goes bust (and it would take a long time playing bankroll management properly), you would probably have made $1K or $2K in the mutual fund in that time. Pull the money back and you feel like you did the smart thing and you didn't "lose" anything really. You're just starting from scratch again and not in the hole.</p>
  4. biggboss33 biggboss33 is offline

    Nashville, TN
    United States

    Posts: 3
    Joined: Dec 08

    Sep 18th, 2009 (9/18/2009 12:17pm) in reply to grapsfan

    <p>I like the mutual fund idea, but the stock market SUX right now... Idea is good, but I'd try to avoid anything stock related at least for a year or so.</p>
  5. sgildea25 sgildea25 is offline

    Nashua, NH
    United States

    Posts: 777
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    Sep 18th, 2009 (9/18/2009 1:15pm) in reply to grapsfan

    <p>Biggboss -- I would agree if you are looking to invest currently. If you already have invested, then it's still working out okay, not great, but surviving. If you are looking to invest currently, you may be better off just playing with the money, ha.</p>
  6. jimmydewrag1 jimmydewrag1 is offline

    Fort Lauderdale, FL
    United States

    Posts: 387
    Joined: Mar 08

    Sep 19th, 2009 (9/19/2009 5:58am) in reply to grapsfan

    <p>Great article Graps as usual. Anyway, the stock market is the place to be. I have made over 80 k (past 2 months)in my retirement that I have allocated myself. I recommend that you go learn to be addicted to your money and where it goes(be paronoid if need be)to follow your money, to where it goes, and to adjust, and adjust, realllocate if need be on a monthly basis. Go to morningstar mutual fund rating site, to follow the top funds and invest and invest on a continual monthly basis with a variety of funds to stay diversified to avoid stockmarket swings.peace.jim</p>
  7. FlyingSumo FlyingSumo is offline

    Bergen
    Norway

    Posts: 121
    Joined: Aug 06

    Oct 10th, 2009 (10/10/2009 10:38pm) in reply to grapsfan

    <p>sgildea25 says a good thing about "rule #1 about starting as a poker player is don't sit with money you don't feel comfortable with losing". This should extend to tournaments, and I keep telling my brother not to play those huge fields of 3-11$ tournaments, cause its ok to lose $100 once in a while, though that might hurt, but to lose the FT-bubble in one of those, thats like losing $1-2k in a single hand, most people just cant handle that when they are playing for fun, or just started their "career".</p>
    <p>The other thing about never putting your entire roll in, I will have to disagree with you. At times there is just too much to earn, "dont pass up a good thing", so you just have to take the shot, and if you bust, get back from scratch. But you also have to realise that when you put your $10k, or $50k, or whatever roll online, the downswing is much bigger than that, in reality it's something like the double, or more, since it takes you xx(x) days of profit to "get back to start", so u need a huge edge to take that shot.</p>
     
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