Comments: Bankroll Management 101. Important to new players.
{Comments on http://www.flopturnriver.com/phpBB2/viewtopic.php?t=4971}
Good post `rilla. I'd just like to emphasize the fact that you should be comfortable having losses within the realm of your game. The number of BB's and buyin ratios can be a general guideline. However, I think that the real importance is that if you get cleaned out 3 games in a row (bad playing, beats, whatever) you're not going to lose sleep over it. That's the importance of BR management and you will not find a more important skill.
This has definitly put me in my place
I started playing online about a week ago and after so long the 2 dollar no limit games seemed to be going nowhere in terms of "making money."
I decided to go to $10 games , got some good breaks and figured i was ready to move up. I started at $100, brought myself up tp $200 in one night, but woke up today and dropped $50 before i knew it.
I had to jump back and look at what the hell i was doing wrong. Mostly i just took alot of bad breaks but that got me to Tilt. im glad i could catch myself before i dropped fast, but i think i need to go back down to smaller buy-ins until i get my game going more solid.
Let me know what you guys think, if im just overreacting cause of my first big slump or if i should slow my role and be more patient with my games progression.
This is why bankroll management is important
This is why bankroll management is important
http://home.comcast.net/~jfoutz21/graph.jpg
http://home.comcast.net/~jfoutz21/stat.gif
If your bankroll can't take the swing, you can't play anymore. you'd be surprised what those cards can do. I was surprised anyway.
This is Limit, so things are a little different. at the start i was feeling good, like i was solidly beating the game. now i'm wondering if i was just lucky. having enough cushon in your bankroll is essential. if i went on that swing from the outset, i'd have quit poker. lucky for me i only lost my winnings.
it's not easy looking at only having $0.12 for hours and hours of work. make sure you can take it.