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Bob Sloanes Idiots Guide to Online Poker Bankroll Managemaent.

  • 01-06-2007 4:02pm
    #1
    BobSloane
    Registered Users, Registered Users 2 Posts: 1,158 ✭✭✭


    I've busted out before online. Nothing too heartbreaking - deposited $100, it grew to 5 or 6 hundred then busted out from running well and feeling invincible, chasing losses and playing outside my bankroll. I played single and multi table tournaments. I busted out about this time last year and didn't even really give a ****t to be honest. I started playing again in december.

    Same story - was soon up a couple of hundred and then discovered boards. The most interesting HHs seemed to be from cash games. Until I started reading boards I was the guy who check-minraised sets, never folded an overpair and played TPTK like 'twere the nuts. If BobSloaneJune'07 were to play BobSloane'06 I feel confident I would kick my past-ass and hopefully futureBob will be capable of wiping the floor with presentBob if that makes sense. It seems important in poker that while you develop your knowledge and thought processes, you don't forget the way you used to think as its those past-selves at the table that will pad your bankroll.

    So managing the bankroll - 20 buy ins we hear constantly. Is it really as simple as that? Maybe. But then we get confused about when to move up and more importantly perhaps - when to move back down. To some extent, what move-/move-down levels you should set may depend on your own personality. The key is that whatever you decide you will not be playing a)scared or b)indifferent. I have a conservative BR attitude and move up when I have 18 buy-ins and down if I drop to 15.

    So for eg I'm playing $50NL when I reach $1800 I start playing $100NL and will play until I reach $3600 when I would move to $200Nl. If I drop to $1500 I'm back playing $50NL until I get to $1800 again.

    So, in cash games I'm always playing with approx 2.9%-6.2% of my bankroll which I'm comfortable with i.e. I'm neither scared or indifferent.
    This is the system that works for me although I'm sure that there are players who rise to the thrill of playing with a higher % of their roll - but I know from experience that I freeze and play scared. Brian Townsend incidently recommended in his well, moving up at 15 buy-ins and back down at 12.

    I still love playing single and multi table tournament sometimes but appreciate that the varience or luck factor is higher and so apply more thatcherite conservatism to my BR management. I will only buy in for 2-2.5% of my roll - i.e. 40-50 buy-ins.

    Sub-consciously I think this allows me to play well at key times like around the bubble as I'm definetly not interested in limping into the money. Also I love the feeling of power I get from pushing weak scared players around - similar maybe to the feelings a sadist feels when torturing his victim or a serial killer feels when stalking his prey. Better leave it there before I say something incriminating. Have a nice bank holiday weekend boys and girls


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