Bankroll management (nicely done)

TacT

This is how to not manage your bankroll by me as a result of this thread by gholimoli -- http://www.boards.ie/vbulletin/showthread.php?t=2055112663

Step 1 -- deposit circa €152 of your hard-earned-cash (circa $200) with a 100% signup bonus which whill take you circa 3hrs play daily to clear for almost 1 month whilst adhering to the 20buyin rule as a minimum and grind out the smallest stakes you can find.

Step 2 -- destroy the tables after a few nice wins grinding it out -- make a nice profit, then move up levels.

Step 3 -- get your signup bonus and start bluffing.

Step 4 -- move up levels using extra profit and start bluffing more because you have lots of money and are confident (or very cocky)

Step 5 -- have a hairy canary after you get 1 or 2 outted on the river in a couple of big pots.

Step 6 -- Cry me a river

With my simple 6 step plan you can ensure you go broke many times, as I have in the past and up until now, anytime I have taken a shot at higher stakes games -- way above my roll limitations, I go broke and can't bounce back because I've taken such a huge hit -- which was supposed to be my big win, allowing me to move up levels yet again and make lots of money.

Since day 1 it has been the $5/10 NL barrier and the sickness of it all is destroying me the more I think about it. I blew my bankroll on the following hand just 4 days ago with 80% of my roll on the line and then proceeded to tilt off the rest of it.

I'm on the button with Ad Qd, we're 10 handed in a $5/10 NL game with a $1000 buyin and someone min-raises from early-mid position. That alone gets 3 callers in ahead of me and I decide to make it 10BB's to play which gets one caller with $1300 in front of him and we are HU.

flop: 7d 8d 2d

My opponent bets $150 on the flop, I RR to to $450. He shoves and I instacall.

I had him by the big hairy nutsack with his 4d Td holding but the turn and river thought otherwise when a Jd and 9d landed on the turn and river respectably. What a sweet ending to a bankroll that started as $200, grew to $1200 then got destroyed by another monstrous suckout.

Ya gotta love this game?

The meaning of this post is a hell of a lot shorter than the length of it thankfully. All I really wanted to say was, "it takes a long time to build something, and no time at all to destroy it."

f*cking break time......AGAIN :mad:

cooker3

While I admire the fact you are willing to post this and admit it on a forum which can't be easy, I simply don't understand how you can continually go broke doing the same thing over and over again.
Do you not think at any time about how this never works and stop yourself doing something which is blanantly very stupid.
Even if you have survived 5/10, you just move up to 10/20 and go broke there anyway.
I can't grasp that mindset at all.

peeko

TacT wrote:

This is how to not manage your bankroll by me as a result of this thread by gholimoli -- http://www.boards.ie/vbulletin/showthread.php?t=2055112663

Step 1 -- deposit circa €152 of your hard-earned-cash (circa $200) with a 100% signup bonus which whill take you circa 3hrs play daily to clear for almost 1 month whilst adhering to the 20buyin rule as a minimum and grind out the smallest stakes you can find.

Step 2 -- destroy the tables after a few nice wins grinding it out -- make a nice profit, then move up levels.

Step 3 -- get your signup bonus and start bluffing.

Step 4 -- move up levels using extra profit and start bluffing more because you have lots of money and are confident (or very cocky)

Step 5 -- have a hairy canary after you get 1 or 2 outted on the river in a couple of big pots.

Step 6 -- Cry me a river

With my simple 6 step plan you can ensure you go broke many times, as I have in the past and up until now, anytime I have taken a shot at higher stakes games -- way above my roll limitations, I go broke and can't bounce back because I've taken such a huge hit -- which was supposed to be my big win, allowing me to move up levels yet again and make lots of money.

Since day 1 it has been the $5/10 NL barrier and the sickness of it all is destroying me the more I think about it. I blew my bankroll on the following hand just 4 days ago with 80% of my roll on the line and then proceeded to tilt off the rest of it.

I'm on the button with Ad Qd, we're 10 handed in a $5/10 NL game with a $1000 buyin and someone min-raises from early-mid position. That alone gets 3 callers in ahead of me and I decide to make it 10BB's to play which gets one caller with $1300 in front of him and we are HU.

flop: 7d 8d 2d

My opponent bets $150 on the flop, I RR to to $450. He shoves and I instacall.

I had him by the big hairy nutsack with his 4d Td holding but the turn and river thought otherwise when a Jd and 9d landed on the turn and river respectably. What a sweet ending to a bankroll that started as $200, grew to $1200 then got destroyed by another monstrous suckout.

Ya gotta love this game?

The meaning of this post is a hell of a lot shorter than the length of it thankfully. All I really wanted to say was, "it takes a long time to build something, and no time at all to destroy it."

f*cking break time......AGAIN :mad:

Jasus, that is a sick sick beat, and one sick sick ride!

hard luck, better luck next time! do you plan a change of strategy?

RedJoker

peeko wrote:

Jasus, that is a sick sick beat, and one sick sick ride!

hard luck, better luck next time! do you plan a change of strategy?

That is some sick sick play, min raising, cold calling with 10-4 suited. Jesus no wonder you moved up so fast.

El Stuntman

nice post TacT, you are not alone!

CaptainNemo

Incredibly unlucky. But this is a perfect example of why bankroll management is so essential, because bad luck happens and it's nice to only be playing for a small % of your roll when it does.

Recon20k

tough break. A roll can take a year to make and a week to blow.
Heres how i manage:

http://20kmission.blogspot.com/2007/02/bankroll-management.html

Lazare

Recon20k wrote:

tough break. A roll can take a year to make and a week to blow.
Heres how i manage:

http://20kmission.blogspot.com/2007/02/bankroll-management.html

Good luck with it. The five weeks thing is a bit ambitious though, maybe forget about trying to accomplish it within a time frame, and just concentrate on trying to achieve it. I'm sure you'll make more mistakes if you're too concerned about the clock ticking.

Samba

I think we have the bad beat of the year here.


Hold'em Simulatio 990 trials (Exhaustive)

board: 7d8d2d

Hand Pot equity Wins Ties

AdQd 99.70% 987 0
Td4d 0.30% 3 0

Can anyone else here report losing hand as a 99.7 favourite??


From my experience the poker gods never look kindly on BR mismanagement.

vul, chin up, you took a shot but this is what happens to the vast majority of people who do.

luckylucky

Sheit that was one helluva sick beat

Samba wrote:

From my experience the poker gods never look kindly on BR mismanagement.

Ain't that the truth.

I think shot-taking isn't so bad if you have something like 8 to 10 buy-ins and you are not playing with scared money, but ahem this wasn't the case here.

Tact I can relate to what you did though - so Im not having a pop whatsoever, it shows you got attitude, that you're willing to give it a go, now you just got to moderate the attitude a bit and come back stronger.

Samba

Samba wrote:

Can anyone else here report losing hand as a 99.7 favourite??

One of my first posts was in the BB sticky,

Me:AA
Him:72o

Board: 23456

Not sure how you work out the percentages like above, but i doubt even that was close to the OP's beat.

TacT

cooker3 wrote:

While I admire the fact you are willing to post this and admit it on a forum which can't be easy, I simply don't understand how you can continually go broke doing the same thing over and over again. I can't grasp that mindset at all.

I've done it 4 times in total now including this one (over 2.5 + years) and each time I did it, it was a very small sum of money invested on my behalf with potential to reap massive rewards from my hard work -- whilst sacrificing the hours of hard work I put in to build each time. Continually is very harsh, I've made plenty of money from this game and am posting about an odd occasion here.

Do you have the discipline to never move up levels until you have 20-30 buyins for that level? Fair play to you if you do and I admire your patience and discipline if that is the case?

It does feel almost continual at this stage though, after 4 pops worth a couple thousand € between tham. I might have learned my lesson this time but I doubt it, I'm a bit of a nutter at heart unfortunately and I like having money as much as I like letting go of it. Easy come, easy go...

peeko -- yup, having more than 1 buyin

RedJoker -- sickest of my life and yes, I moved through the levels very fast, a couple of days or 1-2 weeks max. per level.

Cheers El_Stuntman, not alone is good! CaptainNemo, will it do me any good to say, "I know"?

Samba, "somebody shoot me now, please? I can't take it anymore"! I think you might be onto something big there with regards the poker gods though, for they have smite my bankroll to a catch perfectemento by thine turn and riveren.

lucky, you've hit the nail on the head there. My attitude is certainly all wrong and needs severe modification. Possibly to do with the rotten luck whenever I decide to hit the jackpot city and reach bustoville central instead? I'll be back mid-August/September after a good long holiday but if I come up with any answers in the meantime I'll let you know.

operation busto 2008 in stores soon, order now, don't delay!

phantom_lord

Marq wrote:

move up levels

.