Basically, whenever I start up a bankroll, it usually ends up going through all sorts of crazy ups and downs and loop-the-loops because I never use good bankroll management. This is probably why I'm down to $4 on pokerstars.
So, I'm starting a new project. I'm taking the $6 or so that I have at UB (see last post) and I'm going to put it all towards sit n gos. I won't be playing any ring games, and no mtts (at least, not right now). Instead, I'm just going to follow a very simple bankroll formula to determine the levels at which I play.
Basically, I'm not going to play sit n gos with more than 2% of my bankroll. At first, I'll have to bend the rule to let myself play the lowest stakes, which are .50+.05, but once I get to $25, it'll be legitimate. That means that I have to get to $50 to play $1 sit n gos, $100 to play $2, etc..
I know this is a bit extreme and it'll be one hell of a grind for a while, but I think it's something I need to do to instill a sense of bankroll management into me. If I have some success, I'll probably loosen it up to 3-4% for a sit n go and 2% for mtts, but that won't be until I hit $100 at the very least. And if I really do have success with this, maybe I'll just leave it at a flat 2% or less buyin for anything. I dunno.
Anyway, I could use some comments/suggestions on this. See any massive flaws in my plan? Have any suggestions based on something similar you've done in the past? I'd love to hear it.
Oh, and happy Roshashana to all my fellow jews out there.
Subscribe to:
Post Comments (Atom)
1 comment:
Just 2 points:
1) Where is your strength? SNG's or cash games? If you are decent at cash games, UB has some very profitable 1c/2c NL tables. Might be less of a grind than 50c SNG's.
2) Why not try to combine your BR's? Get a friend to trade you your $6 on UB for $6 on Stars and then you'll have $10 on Stars. Stars' 1c/2c cash games aren't bad and neither are their $1 SNG's.
Anyway, good luck man. Nice blog, too.
Post a Comment