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RipperJ
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03-10-2008, 05:12 AM
Post subject: Is it wrong to take shots at higher limts?
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#1 (permalink)
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Join Date: May 2007
Location: Toronto
Posts: 97
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My main problem with cash games is that I dont play the 25k or 50k or 100k hands a month like a lot of people on here. Last month I only played 10k. This means that my progression is a little (or a lot) slower than other people. My BR is about $800 after bonus whoring party poker at $25NL, although I also made a 5ptbb profit over 10k hands (about $240).
Now I am playing at iPoker and am forced to play 20NL for a while, but hope to soon close in on the 1k mark so I can play $50NL. Is it ok to take some controlled shots at $50NL right now? I admit that I did play about 100 hands of it tonight, but after all of the BR management material that I have read on here, it just doesnt feel right. I even had a very good 100 hands, winning a buy-in and am now at $850. I was not playing scared or anything, as I was focused on playing MY game.
Is $800 a little to low to be taking shots at? Or as long as I am comfortable losing $50 it is ok?
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iPoker 20-50NL
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pgil
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Full House
Join Date: Jun 2005
Posts: 1,103
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I am in the same boat as you in that I only get to play about 10K hands a month if I am lucky. But, I think that means that I must play by even stricter bankroll rules than those who play 50K+. The reason being it will take longer for my variance to even out as I am not putting in enough hands. If I hit a 5000 hand downswing it will last days or weeks, not a session and a half. I am playing 100NL and am not even thinking about 200NL until I hit 10000, and even then I would probably want 1-2K as a buffer before taking a serious shot. But then again I believe in playing extremely overrolled.
If you are serious about poker, then there is never a reason to play underrolled. If you are just having fun and don't mind that there is a (probably not insignificant) chance that you will go broke, then go ahead.
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"If you can't say f*ck, you can't say f*ck the government" - Lenny Bruce
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deacon_bluez
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Straight
Join Date: Nov 2006
Location: Minnesota, USA
Posts: 216
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Even $1000 is pretty low to try 50NL. I would be even more concerned with the low number of hands. What are your PT stats like? I'm at $1800 myself and still playing 25NL, but don't plan to make the jump to 50 until I fix some leaks in my game. These are some things you might think about.
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Sue me if I play too long....
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Warpe
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Moderator
Join Date: Sep 2005
Location: Canuckistan
Posts: 3,905
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"taking a shot" usually means playing for a buy-in above the stakes you're rolled for and if you lose it moving down again, except it never works that way
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TLR
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Moderator
Join Date: Aug 2004
Posts: 5,007
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Short answer, yes, its wrong, and it increases the chances you will be going broke.
Bankroll management is meant to protect you from going broke (assuming you are a winning player of course) due to short term variance, 20 buy in is the minimum to have, and I think 25-30 buy in is much more recommended.
You are not in competition with anyone about who will win more money faster, nothing will happen if it will take you 2-3 more months to move up in limits
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will641
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4-of-a-Kind
Join Date: Aug 2007
Location: getting my swell on
Posts: 1,610
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taking a shot will only make you go broke if you are lack the discipline to move back down. my general rule for taking a shot is i stay in that limit until i am below 20 buy ins.
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Cash Rules Everything Around Me.
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jyms
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Tilting Mod
Join Date: Feb 2006
Posts: 4,836
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One of the problems with moving up and taking shots is if you hit a little upswing or BE for a length of time, a lot of guys start to believe thay can beat the stake or are really a higher limit player. Thsi only makes you stay too long and possibly risk ruin.
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pgil
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Full House
Join Date: Jun 2005
Posts: 1,103
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Quote:
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Originally Posted by will641
taking a shot will only make you go broke if you are lack the discipline to move back down. my general rule for taking a shot is i stay in that limit until i am below 20 buy ins.
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he is only at 16 for 50NL though. and if he can't stay at 25NL until he has 20 BI's for 50NL then he most likely won't have the discipline to move down when he drops a few more. especially if, as TJ said, he starts off on a win streak and thinks he can beat the new level.
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"If you can't say f*ck, you can't say f*ck the government" - Lenny Bruce
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Alexos
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4-of-a-Kind
Join Date: Aug 2006
Location: Montreal
Posts: 2,766
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You must have extremely good self-discipline if u want to take shots w/out BR requirements. Usually ppl always end up going broke, but if u feel u have that discipline to actually drop down if u lose a couple buyins, and not tilt, go for it.
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Nine to five is how to survive - I ain't trying to survive / I'm trying to live it to the limit and love it a lot //
Can offer RB deals on most sites, PM me.
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GatorJH
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4-of-a-Kind
Join Date: Aug 2004
Location: HotLanta
Posts: 3,179
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"Is it wrong to take shots at higher limts?"
Yes it is There is a reason why people preach bankroll management. Listen to them.
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Poker is easy, it's winning at poker that's hard.
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bode
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Straight Flush
Join Date: May 2006
Location: slow motion
Posts: 4,270
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if youre comfortable losing $50 then by all means mix in 1 table of 50nl for a session sometime. Dont do it every session, or load up 8 tables or anything but if you dont mind risking $50 then do it. Just dont talk yourself into "awe, i ran KK into AA after only 25 hands, ill just try one more buyin." If you lose the $50, then quit. On the other hand, if you run it up to $100+, i would also quit.
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Quote:
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eeevees are not monies yet...they are like baby monies.
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d0zer
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Moderator
Join Date: Jul 2007
Posts: 2,521
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I played above my BR for quite a while.
I also took a stab at 50NL when my BR was around $800. I had a rule "if I drop below 700, I move back to 25NL".
I dropped once, back to 25NL, then tried again. Then again.
3rd time was the charm.
I don't recommend this approach. All the time I spent making back what I lost at 50NL initially would have might as well been spent at 25NL building a roll patiently.
Plus when you're underrolled there's more pressure, more stress, more disappointment when your roll gets devastated by a bad beat.
You play better with a clear head, and playing properly rolled is more conducive to a clear head.
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jyms
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Tilting Mod
Join Date: Feb 2006
Posts: 4,836
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20 buyins is a minimum for a reason. I think most require more. To circumvent the minimum and not the standard is asking for trouble. You can't feel comfortable or play your best poker on 14-18 buy ins. just grind it out, do you have somewhere you have to be?
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deacon_bluez
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Straight
Join Date: Nov 2006
Location: Minnesota, USA
Posts: 216
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Quote:
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Originally Posted by d0zer
Plus when you're underrolled there's more pressure, more stress, more disappointment when your roll gets devastated by a bad beat.
You play better with a clear head, and playing properly rolled is more conducive to a clear head.
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so so so so so true
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Sue me if I play too long....
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showboatlou
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fold
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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Don't do it.
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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swiggidy
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4-of-a-Kind
Join Date: Sep 2005
Location: Waiting in the shadows ...
Posts: 3,777
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If you don't care about loosing the money and are mostly playing recreationally I don't see the problem. However, if that's the case why are you here?
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