Work Ethic -- Starting by Using a Lukie Quote

[spoonitnow]

[quote="guitarizt"]

So evidently FTR is full of a bunch of lazy bastards since this thread has had 5 replies (some of which were me) and over 150 views.

People have already asked me why I recommend such a "conservative" bankroll management approach and why I recommend that people only move up from say 10nl to 25nl after beating 10nl for 3 ptbb/100 over 50k hands.

HAHAHA I lol'ed when I read this. Not moving up for 50k hands at those stakes is burning money if you can beat 50nl.

This is not necessarily true for a long number of reasons, though a simple example would be if your 25nl win-rate is 2.5 ptbb/100, and your 50nl win-rate is only 1 ptbb/100.

People seem to really under-estimate the amount of time it will take to build a bankroll worth doing something with. The old standard was 20 buy-ins, but that was in a time of higher win-rates. Statistics tells us that as our win-rates go down, our bankroll requirements should go up, although this is beyond the scope of this thread.

Touching on a similar point, to suggest that developing a good work ethic at micro-stakes is somehow inferior to developing one at low- or mid-stakes is simply untrue. The earlier you learn to put a lot of effort into your study and play, and to be able to hold the same level of focus for hours upon hours at a time, the better off you will be in the long run. There is much to be said for cultivating such a work ethic early on, and it will pay massive dividends in the time you save over the life of your poker career, not to mention where it will pay off in time saved in other aspects of life.