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First Decent Cash... what now?


chris5764

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I am your typical hobby poker player. I threw 50 bucks on Full Tilt back in January and have been just messing around with 1 or 2 dollar tourney and micro cash games. I recently took 2nd in a 180 person 8 dollar tourney and cashed for 245. I know that $245 isnt that much in the grand scheme of things but for someone who has never seen their bankroll above $120 it is. Part of me says to pull some out and be happy for the profit, but the other part of me says to try and work with it. I have learned a ton over the last 9 months and feel like my game is ready to step into another level. I guess what I am asking is where should I go from here? I am thinking 5 or 10 dollar sng's but am unsure about the bankroll management. Any help would be greatly appreciated.

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Nice score, man. I'm still waiting for my first big win.

 

IMO, you should not withdraw, just continue to play stakes you feel comfortable with, and keep learning. GL

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Hey Chris - Nice cash! If you want progress I say leave it in there. As any progress involves some learning whilst running into players better than you, therefore having a roll to support you is CRITICAL for any upward progression.

 

I would suggest the following.

 

Cash Games - Stick to NL 10, and maybe throw in a NL20 now and then. Move up when you have 30 Buyins for the next level.

 

SnG - $5 should be your staple this gives you 49 Buy ins, move up when you have 40 buy-ins for the next level.

 

These levels are quite conservative designed for someone who wants to play semi-serious and win a bit, feel free to modify it for you "risk"level.

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Nice cash the first one feels good

 

But imo i think you should really listen to poker4freeza

 

it isnt worth the risk to try out $10 SnG's

 

I would stick to grinding low limit mtts and SnG's and gain more experience even if you've been playing for 9 months you always need to play more and more hands

 

GL

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Nice cash Chris! I admire those who can grind for 9 months like that. My humble advise is to not w/d. Poker4freeza is right. If you are confident in your single table sng strategy here is what I would do which differs slightly from freeza:

 

Whenever your roll is over X take a shot at a 10$ sng

 

If it dips below X (for me would be 200) go back to the 5$ game.

 

This way you can aviod blowing the whole roll (like I do almost weekly) while adding some excitement to the sng play. pretty simple but for some reason I can't seem to stick to my own advise! : )

 

GL

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Bro, I just did the same thing. I never went past $200 and I won a $3 655 player MTT. $407.50. I was askin my friends the same thing. I'm gonna play more $3-$5 MTT and $10 Single Tables. I play cash games alot too though, and I make easier scores in those....not sure how to mix that in.

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Congrats. Definitely mix in cash games. And I'd leave in the money on Full Tilt. I'm sure you didn't deposit $50 just to make a couple of hundred. I didn't consider taking out any profit until I reached $1k. Good bankroll management is the key. Chris Ferguson outlines a good plan on his site that I tweaked a little, but have followed religiously this year. It has helped my tremendously. Good Luck.

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I dont really know the exact rules of bankroll management, but I would prob def move up in stakes a little. I always take shots daily...I dep 50 on stars about a year ago, grinded it up over 2k playing mtts(mostly 3r 5r) and some sngs... but I would always throw in a tourny here and there that I know was above my bankroll especially if I was winning... won the 11r the other day chopped heads up for $11,300... just a minor brag, but I figured it might give you some motivation

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