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toom
Spelling Bee Champ
Joined: 06 Apr 2005
Posts: 2386
Location: Running for benevolent dictator next
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 Posted: Sun Sep 28, 2008 10:41 pm Post subject: BR management pays off, rave! |
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In June, I cashed out a lot after a $7K win (brag), leaving myself with only $200 online. I ground that back up to the $800 range, then played over my head and busted all the way down to $2. Yuck.
I could have deposited, but refused, and determined to rebuild. I cashed in a few FPPs in the 210FPP satellites (20 players, 6 win T$11) for a start, then started grinding $2.20 180 turbos and $3.25 45 turbos.
I promised myself that I would use good BR management (although I had to start a little thin). I resolved to play $2.20s until I had 100 buy ins for $3.30s. Since there are no $3.30s, and I do not want to play $4.40 180s (not turbo), I decided I would play 1 $12 turbo for every 10 $2.20s, which would average somewhere near $3.30 each.
I refused to look at the lobbies, so knowing which one was the $12 wouldn't affect my play there. I only used the "Info" button for chipstacks, etc.
Tonight I was multi-tabling and won my last one. It was the $12, which I discovered only when it was down to 3 players, WOOT. I now have almost enough to play the $12s exclusively, which I believe I can crush.
This bankroll management thing is pretty cool! I never practiced it before, since it's always been for fun and I never really cared that much if I lost. |
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badboywes
Never Satisfied
Joined: 03 Mar 2007
Posts: 2497
Location: Barstow Ca
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| Posted: Sun Sep 28, 2008 11:39 pm Post subject: |
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| Thanks to ITH I can say hell yes BR managment works. From someone who started with a $100 deposit last Oct and has turned it into over $50k profit using strictly BR managment I understand the ups and the downs of poker. Anyone who may read this who is just starting out, It is very very important you start playing with a strict BR system and taht you stick to it no matter what you go threw on the tables. |
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badboywes
Never Satisfied
Joined: 03 Mar 2007
Posts: 2497
Location: Barstow Ca
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| Posted: Sun Sep 28, 2008 11:43 pm Post subject: |
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| By the way congradts Toom on rebuilding the BR it feels great don't it? |
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Zenjo
Joined: 15 Apr 2008
Posts: 46
Location: UK
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| Posted: Wed Oct 01, 2008 9:44 pm Post subject: |
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| badboywes wrote: | | From someone who started with a $100 deposit last Oct and has turned it into over $50k profit using strictly BR managment I understand the ups and the downs of poker. |
You seem to have experienced rather a lot more ups than downs! |
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SpaceLord
Joined: 03 Mar 2008
Posts: 183
Location: CO
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| Posted: Thu Oct 02, 2008 1:58 am Post subject: |
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| Zenjo wrote: | | badboywes wrote: | | From someone who started with a $100 deposit last Oct and has turned it into over $50k profit using strictly BR managment I understand the ups and the downs of poker. |
You seem to have experienced rather a lot more ups than downs! |
Yeah, keep this up, and you'll be a billionaire before 2011! Amazing where BR management can lead. |
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maf66
2K Club
Joined: 13 Oct 2004
Posts: 2421
Location: London, UK
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| Posted: Fri Oct 10, 2008 3:40 am Post subject: |
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| Congrats Toom! A good lesson for us all. |
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badboywes
Never Satisfied
Joined: 03 Mar 2007
Posts: 2497
Location: Barstow Ca
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| Posted: Fri Oct 10, 2008 4:25 pm Post subject: |
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| Zenjo wrote: | | badboywes wrote: | | From someone who started with a $100 deposit last Oct and has turned it into over $50k profit using strictly BR managment I understand the ups and the downs of poker. |
You seem to have experienced rather a lot more ups than downs! |
Nah trust me I have had a couple -$1k days and they really really suck. |
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