Bankroll management advice please and bonus question

Hello All,

I was not sure where to put this decided to put it here (and in the Online Poker Room's section different name there). I am thinking about taking advantage of the Carbon Poker deposit bonus. Initial deposit will be 600. I want to take full advantage of the bonus since it does not expire. Is the FTR bonus still active?

I was wondering if I should start grinding $10 NL till my BR is @ 1K (40 buy in's) then start playing $25 NL. Or if I should start playing $25 NL right from the get go (20 buy in BR management) .

In the past I have been very bad at bankroll management as a result busted by playing all of my BR in one table. I want to deposit and work on my BRM this time. I was looking around for a new site to deposit in to get a bonus from. Any advice would be appreciated (please don't criticize my lack of BR management I know it was stupid and I won't play out of my BR this time)

Thanks,
Dafu

P.S. Anybody who plays at Carbon poker at $10 and $25 NL please reply with site and limits review (if allowed) (I have read the review of Carbon Poker by FTR and the user review comments but more information would be appreciated for those limits) information from the users seems to be out of date and newer review doesn't contain much information

1) http://www.flopturnriver.com/Bankroll-Management-101.html
2) You want rakeback. Do not sign up through an affiliate who does not offer rakeback, and pick a reputable rakeback provider.
3) Be sure that you can beat the lowest stakes before playing 10NL and 25NL.

Thanks daviddem I have read the BRM 101 and found Spoons Quick-Fix about BRM and Rake for noobs post after I posted this. Just wondering if I should take the ultra conservative 40 Buy in bank roll management approach or stick with the normal 20 buy in's.

I certainly wouldn't start at 25NL with 20BI without being sure that I can consistently beat 10NL.

So yes start at 10NL and once you have won 20 buy ins at 10NL take a shot at 25NL. Give yourself a stop loss at each level, and move down if you reach it.

i'd reccommend starting at 10nl and getting in IRC unless you have experience from previous online pokerings

I have previous online poker experience. Just need to work on my bank roll management. gotta slap myself in the face if I buy in out of my bankroll.. lol

Originally Posted by dafu

I have previous online poker experience. Just need to work on my bank roll management. gotta slap myself in the face if I buy in out of my bankroll.. lol

Don't slap yourself in the face after you do it.
Instead, knock yourself unconscious before you do it.

Originally Posted by daviddem

Don't slap yourself in the face after you do it.
Instead, knock yourself unconscious before you do it.

Funny. Thanks for the advice David. Merry Christmas

Unless you're depositing money that you have made playing table poker or on other sites - or if your financial situation is such that $600 isn't a lot of money, I would recommend you start with a much smaller deposit. The bonus will be near impossible to clear below 50NL anyway unless you can 12+ table consistently for 20+ hours a week.

Thanks for the advice oskar. And thanks for the post spoon. Wish that I found this earlier. I think it should be in the beginners digests.

Originally Posted by spoonitnow

Okay so like check this out. The next person who posts about 20 buyins being enough to move up to the next level of stakes in NLHE is getting kicked in the fucking nuts if it involves 25nl or higher. Here's why.

First I want to make this very clear: shit happens in poker. I mean for real, some fat bastard wins the WSOP in 2003, and like a year later the goddamn world flips on it's head for NLHE. Poker is crazy. Shit happens in poker to you, to me, to good players and to bad players. If you're not prepared for the shit that happens, you won't make it. Period.

Originally Posted by spoonitnow

Let me repeat this because it's so important: shit happens. I mean shit, by some fucking miracle and with help from the people here and other places, I somehow made a little over $100/hour in January. That sounds all fine and dandy, but after about 25k hands, I was running bad to the tune of around -$2350 on all-ins.

For all of you younger folks (including myself), do you know how fucking sick it feels to know that you're playing really well in a limit that you've just moved up to but that you're down more in a week than your parents make in a month? It's like getting kicked in the nuts by a fucking mule every 5 seconds the whole time you're running bad. If I type at 60 words/minute, then it's like getting kicked in the nuts three times while I typed that last sentence.

All of us guys know what to do when we're likely to take a shot to the nuts: we wear a fucking cup. Bankroll management is your cup.

If you want a little cheap ass $1.00 thin as fuck cup for your nads from the Dollar Store, then play with 15-20 buy-ins. If you want a hardcore steel muay thai cup that can take shots from a fucking jackhammer and still leave your nuts unrattled and silky smooth, then play with more.

ev++ Poker Tools :: Poker Variance Simulator

Originally Posted by Outlaw

ev++ Poker Tools :: Poker Variance Simulator

Thanks Outlaw first graph was crazy too much lines on it. But awesome find. Thanks again.
BTW noob question but how do you go to the IRC??? Been on the site for a while but never joined it or went there before...

If you had BRM problems in the past and your initial deposit is going to be $600, consider that deposit your "zero". If you drop below $600 at the end of a given session, even if it is just 1bb, move down to 5NL until you have your zero + 2 buy-ins and start over. Every 4 or 5 buyins move your "zero" up and repeat.

Although this exercise is completely unnecessary with such a large BR for the stakes youre looking to play, it will help with your BRM discipline if you can stick to it. Once you have confidence that BRM is no longer an issue, you can move to standard BRM practices.

Originally Posted by tomato paste carnage

If you had BRM problems in the past and your initial deposit is going to be $600, consider that deposit your "zero". If you drop below $600 at the end of a given session, even if it is just 1bb, move down to 5NL until you have your zero + 2 buy-ins and start over. Every 4 or 5 buyins move your "zero" up and repeat.

Although this exercise is completely unnecessary with such a large BR for the stakes youre looking to play, it will help with your BRM discipline if you can stick to it. Once you have confidence that BRM is no longer an issue, you can move to standard BRM practices.

So let me get this straight $600 = $0.00 so -1BB/session ~$590 ending that session move down to $5NL till my BR is back to ~$600? What if my first session I ended @~$700? Do I zero it again and if I loose 1bb move down to $5 NL?

Rake back is confusing. Do you have to sign up through the rake back site to get rake back? raketherake ~35% rake back for Carbon poker. Also Carbon poker and FTR says the deposit bonus never expire but rake the rake says this:

Carbon Poker - Up to $600 Initial Deposit Bonus

See the bonus terms and conditions below:

1. Use coupon code:RTR600 when depositing
2. BONUS EXPIRES AFTER 90 DAYS FROM DEPOSIT DATE.

Note: Comp points are no longer valid as Carbon Poker now use VIP points.

Rake back paid daily through rake the rake. Should I have used the rake the rake code or was using FTR's code good?

Originally Posted by dafu

Thanks Outlaw first graph was crazy too much lines on it. But awesome find. Thanks again.
BTW noob question but how do you go to the IRC??? Been on the site for a while but never joined it or went there before...

Click the link in my signature and it will take you to the sticky for IRC in the community forum.

Thanks Spoon XD

Okay. I am officially confused about the bonus. FTR website is saying one thing but here is what carbon poker said.

Dear Dafu ,
Thank you for contacting us.

Code FTR is active but is a 100% poker pending bonus up to $600.
We are always here to help you. Please feel free to reply to this email if you have any additional questions in relation to this or any other matter.

Kind regards,
Carbon poker support

(Name removed per Dafu)

Sometimes it is best to go straight to the source for info on bonuses and rake back. You can call, live chat or e-mail the sites you are interested in and ask them for their best offer on bonuses and rake back. You DON'T have to go though rake back sites most of the time. They want you to deposit with them and they can do the rake back for you.