Check out our brand new Local Poker Communities! Get updates and interact with poker players in your area.
Visit the United States Poker Community | Visit the California Poker Community | Read more about the Launch of P5s Local

Explaining BR management to a friend.

Reply to Thread
  1. DDSpade DDSpade is offline

    Henderson, NV
    United States

    Posts: 551
    Joined: Apr 06

    Jun 28th, 2006 (6/28/2006 11:28pm)

    How do you explain the importance of Bankroll management to a friend who doesn't get it? I believe he's "advanced" in his skills at actually playing the game and reading people, (and he's fearless) but when it comes to managing his money or playing within his "proper" limits, he just doesn't get it, no matter what examples i throw at him. (I advised him to risk only 5 percent of his BR at any table, not 100 percent)

    I explained variance. How, with only 15 dollars each, and betting $5 heads or tails, one of us will eventually go broke due to chance (heads 3 times in a row). He doesn't see how it applies to poker somehow.. argh..

    He doesn't open his eyes and instead says "YOU SAW ME PLAY GOOD POKER. I had him dominated and lost to runner runner. Online is rigged."
    It's true, he was the huge favorite, but alas, bad beats are inevitable.

    Any better examples than flipping a coin? lol. I'm trying to get him to understand before he redeposits and loses another couple hundred in the blink of an eye.
  2. CT2902 CT2902 is offline

    Brentwood, TN
    United States

    Posts: 334
    Joined: Aug 05

    Jun 28th, 2006 (6/28/2006 11:45pm) in reply to DDSpade

    ur friend, is my friend. LEEEEEET IT RIIIIDDEEEE
  3. DDSpade DDSpade is offline

    Henderson, NV
    United States

    Posts: 551
    Joined: Apr 06

    Jun 28th, 2006 (6/28/2006 11:49pm) in reply to CT2902

    stu ungar never new br management, did he? heh
    Thread Starter
  4. Jennifear Jennifear is offline

    Niagara Falls, NY
    United States

    Posts: 10,222
    Joined: Nov 05

    Jun 29th, 2006 (6/29/2006 9:47am) in reply to DDSpade

    Your advice is great...it's the reason why the top 5% of poker players ability-wise are not the same top 5% of money winners
  5. EnoBaLL EnoBaLL is offline

    Posts: 310
    Joined: Oct 05

    Jun 29th, 2006 (6/29/2006 9:55am) in reply to DDSpade

    Your friend is the next stu ungar
     
  6. Earlybird893 Earlybird893 is offline

    Posts: 9,017
    Joined: Feb 06

    Jun 29th, 2006 (6/29/2006 9:57am) in reply to EnoBaLL

    your friends with stu ungar? holy sh1t, this is huge

    does he have AIM?
  7. lordxixor101 lordxixor101 is offline

    Westland, MI
    United States

    Posts: 6,364
    Joined: Mar 06

    Jun 29th, 2006 (6/29/2006 10:31am) in reply to DDSpade

    The only other way I can think to explain it is to take 2 dice. Ask him to roll the dice. Odds are, it won't come up snake eyes (1-1), since it only happens around 3% of the time. Now ask him if he's ever seen 1-1 be rolled? He'll say yes. Well, that's about the same odds of someone catching a runner-runner on you for you to lose. So, it doesn't happen often, but it does happen.

    So, if all his bankroll is on the line, even as a huge favorite, he'll be broke in under 100 big hands. But, some people won't learn. You might need to let him go broke time and time again, then he migth wise up.
  8. godseyt godseyt is offline

    Hilliard, OH
    United States

    Posts: 2,722
    Joined: Mar 05

    Jun 29th, 2006 (6/29/2006 10:35am) in reply to lordxixor101

    And some people just never get it. Even after going broke multiple times.

    http://www.pocketfives.com/68B0EB59-...EB99E3CEB.aspx
  9. FlashOver FlashOver is offline

    Posts: 2,695
    Joined: May 05

    Jun 29th, 2006 (6/29/2006 10:42am) in reply to godseyt

    And some never will.

  10. Jac5373 Jac5373 is offline

    Victorville, CA
    United States

    Posts: 120
    Joined: May 05

    Jun 29th, 2006 (6/29/2006 11:32am) in reply to FlashOver

    varience
  11. DDSpade DDSpade is offline

    Henderson, NV
    United States

    Posts: 551
    Joined: Apr 06

    Jun 29th, 2006 (6/29/2006 12:15pm) in reply to Jac5373

    i've learned it the hard way, by going broke my first half-year for poker ages ago... i just don't like seeing friends go through the same experience. if it helps them 'wise' up then i guess they gotta go broke.
    Thread Starter
  12. drphil jr drphil jr is offline

    Lake Zurich, IL
    United States

    Posts: 768
    Joined: May 05

    Jun 29th, 2006 (6/29/2006 3:23pm) in reply to DDSpade

    I got friends that always have me give them 50$ or 100 on UB and they just never learn. I keep telling them, stop playing w/ half your br on the table, but they never listen. Nor do they listen when I insist that putting on 500 all at once is better than putting 100, then losing it, 100 then losing it etc. Monkeys
     
Reply to Thread