Bankroll Management Approach
Posted by steenjr
Posted by
steenjr
posted in
Low Stakes
Bankroll Management Approach
Hi. I'm Manfred
I took a break for poker few months ago, recently I came back to the game. Decided to play the lowest stakes as posible (I was a NL5-NL10) regular marginal winner in average. I deposited 60$ and started at NL2 and managed to build up to 110 in 3 days. Then I played a freeroll and win second place. I cashed for about 310 euros. So my bankroll was is about 490$, then I played like 400 hands at NL5 and got crushed for 5 Buy-Ins (3 times AA got craked). The thing is that I was not able to think rationally during this session for cause of emotions (I chased bad odds draws, 4-bet trash, and called 3-bets too light). It happened to me before but this time I had the money so I didnt care that much to lose it. So I want to know how would you approach this kind of situations. What would be the bankroll management system You'd use.
Thanks
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Dont worry anything ablut 25 buyins is good bankroll if your atleast a 2bb/100 player
It sounds like you should think about using a stop-loss. Basically, you'd just pick a number of buy ins like 4 or 10 or wherever you feel like your game really falls off and just make a promise to yourself that you'll quit your session if you're down that amount of buy ins at any point in the session.
I would read a mental game book as well. It sounds like your emotions are affecting your play dramatically.
"The Mental Game of Poker" by Jared Tendler, I believe it is. Basically, whether you win or lose someone that knows you just played should not be able to tell based upon your gesticulations/demeanor if you won or lost. They would need to ask to find out. Try to make it as cerebral and clinical as possible. It's hard, but it helps.
I have the problem to a degree as well. I've been tilted more than Howard Lederer watching a Bernie Madoff documentary.
Good luck, Manfred
Hey Manfred,
I approached the level up in this way:
When you have 110 buy ins for that stake, you move up, shot-taking that level. If you drop to 100buy ins again, you move down.
You must be honest with yourself doing this.
GL
Unless you're already playing for a living, I think this is way too conservative. I struggled with being way too conservative moving up in stakes when I was younger and it probably cost me a lot of money.
I only eventually took shots at midstakes after a fellow reg basically told me that I was an idiot and was winning too much at 200nl to not be playing 2/4+. Shout out to Russell "into2ndwind" Thomas :)
Also, taking shots keeps the game fresh and exciting and you'll likely improve faster by picking up some plays, betsizes etc. from better players. Also, after playing in tougher lineups, coming back to fishy games makes you feel incredibly confident.
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