Bankroll Management

F&F: Excuse the rhetorical diction.

One of my first posts on this site indicated that I haven't yet begun playing real money online. This still holds true.

Two nights ago I couldn't sleep. @ 6am I decided that I was going to make a living playing Texas Hold'em online. I am still without any experience playing online for real money, but I believe that this is a feat that is attainable in my future. After much review of many of the recent posts on many of the great threads in the strategies forum, I have concluded that there are two ways to live off of Real Money Texas Hold'em online (or anywhere for that matter): Skill, and Money Management.

I have never budgeted my money in any way in my life, and this has become a burden on me ever since I flew away on my own two wings just over a year ago.

So, two nights ago, I pulled out a sheet of paper and pen and started budgeting for the next week, next pay period, until the end of 2005. I figured that the only way to perfect my online money management, is to be able to do it at least outside of the WWW. If I stick to the plan, I can have a few things paid off and the option to buy a laptop by the end of January (I post on FTR from work, I am getting paid as a type!!!! ).

If I puchase a laptop within the next 3 or so months, I will know that I am on my way towards the high life.

How though, should I manage my money online?

This is my strategy for 2006:
Begin with a $100 bankroll.
Play on $.05 .10 tables until I double my bankroll.
Play on $.10 .25 tables until I triple my bankroll.
Play on $.25 .50 tables until I quadrouple my bankroll.
and so on.
Using no more than %10 of my bankroll at any given time.

How does this strategy sound to you?
How do you manage your bankroll?

Go here to read about bankroll management. It has everything you need to know.

http://www.flopturnriver.com/phpBB2/...pic.php?t=4971

Good luck with your money plan.

Well I can tell you both are required. And I mean quite a bit of both.

Also dont expect to make any serious money the first year and a half you play. It takes that long to get good enough to turn a profit at resonable stakes games (.5/1 NL and higher)

Sometimes the cards just dont run your way no matter how hard you try and no matter how well you play. Trust me I been playing a while now and just got thru a real cold streak. It happens. Good luck.