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wufwugy
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05-05-2007, 09:50 PM
Post subject: what full ring bankroll management approach do you prefer?
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#1 (permalink)
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4-of-a-Kind
Join Date: May 2006
Posts: 1,660
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building up many buyins for a stake, say forty or fifty, then moving there and grinding; or taking shots, say like jump stakes when you have twelve buyins but drop back down if you lose four buyins?
i think it goes without saying that the answer is somewhere in the middle, but how exactly do you go about it?
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Miffed22001
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Straight Flush
Join Date: Jun 2005
Location: Marry Me Cheryl!!!
Posts: 8,181
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i think you should always take shots as you approach moving up.
In my op thread i keep taking 200nl shots and getting horribly coolered despite the fact ive beaten the game before.
Fwiw, i think short stacking just before you move up is worth it for the info you can gain PT'ing hands.
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wufwugy
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4-of-a-Kind
Join Date: May 2006
Posts: 1,660
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how many buyins does taking a shot amount to? are you allowing wiggle room once you've jumped limits, by say 8-10 buyins, or are you only allowing yourself to drop 4-5 before going back down.
in Townsend's Well thread on 2p2, he said something like how if he did it all over again he'd build up to 8-12 buyins for a limit then move there and drop back down if he lost 4-6 buyins or something (i dont remember exactly and am not going to check. doesn't matter what exactly he said anyways. only the principle.).
what do you think allows for adequate variance? let's say you allow yourself to downswing 7 buyins before dropping limits. what if you jump limits, make 4 buyins, then drop 7 for a total of 3 lost? do you still drop down? doesn't make sense that you would, but if that's the case then it doesn't make sense to me to allow for a small amount of variance. something like 15 buyins dropped then move down would make more sense.
but then 15 buyin downswing is most often playing bad, not running bad. can be running bad, though.
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Miffed22001
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Straight Flush
Join Date: Jun 2005
Location: Marry Me Cheryl!!!
Posts: 8,181
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i start taking shots as i approach the br i need for moving up at the minimum 20buy ins. So for 200nl thats about 3.5k.
If i drop below the amount i took shots at then its definitly time to move back down. Also, if i dont think im playing good poker i move back down.
If i move up and play goot then i stay up, but obviously if you go over 4k for example and move to 4.8k but then drop back to 3.7k then id move back down.
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Vi-Zer0Skill
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Reagan's Kid
4-of-a-Kind
Join Date: Nov 2006
Posts: 1,742
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I basically agree with miffed in that i am fairly aggressive with my BR managament. As soon as i can afford to take a shot at a limit (for me, ~15 buy ins for the new limit), i do so. I decide to give up if i feel i am getting outplayed (a little different than miffed since he has already beaten 200NL), or mathematically speaking drop 3-4 buy ins.
Once i start to lose at a new limit i quickly move down, both to rebuild confidence and avoid losing too much money. The culprit for me in my failed earlier move ups was almost always bad play and not variance, but for others this isn't as likely to be the case.
I would say that deciding WHEN you are going to move back down (a stop loss) before you move up is important, since pride may "force" you to get back to even at a limit you lost a couple buy ins at. And, as is oftentimes the case, you simply aren't ready for that limit and jeporadize your entire BR.
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Quote:
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Originally Posted by Carroters
Ambition is fucking great, but you're trying to dig up gold with a rocket launcher and are going to blow the whole lot to shit unless you refine your tools
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