[Closed] How do you track your bankroll?

Ok, I see that there are many interesting thoughts about this topic. So, I will try to explain more accuratelly what I meant.

At the moment I play poker at PartyPoker Room, but I deposited there only 500$ from my entire bankroll. The rest is on Moneybookers Account and Bank Account. I consider all that funds as my bankroll, not only funds currently at PartyPoker. In addition, someone could have funds (intented to play poker or poker earnings) on several poker rooms, several e-wallets and several bank accounts. IMO, all those funds should be considered as poker bankroll and you have to be aware of total sum of them.

Furthermore, I withdraw some funds from my Bank Account (which are my poker earnings) from time to time, and I want to be aware of how much money left in my poker bankroll. Also, I make trasfers from Moneybookers to Bank Account, from Moneybookers to poker rooms and vice versa, etc. I want to be aware of those transactions, too. I also want to record my sessions (when I play, what I play, how much did I earn/lost etc..). I also want to track my bonuses, rakeback and rewards earned (they increase my bankroll). In abstract, I want to have all that in one place to manage my poker bankroll better, and also see some statystics, graphs..

I didn't find any application (nor web site) which could provide something like that. With Holdem Manager and similar applications you track your sessions, earnings etc., not your entire bankroll. Sites like Poker Junkie don't offer all that, either. As companies use accounting softwares for tracking all their assets, I want to have something to track my entire bankroll.

But when he wanted to count money in bank accounts in poker money, he's most likely not working yet, probably student.

I was thinking on money in bank accounts you have for playing poker or which you earned playing poker. You shouldn't count all your money in bank accounts as poker bankroll, for sure. ♦ It will be ideally to have separate bank account just for your bankroll to simplify things (I have it, for example). But if you don't have it, you just count money for playing poker as a part of your bankroll. And yes, I am not working yet, I graduated from the university few months ago.. ♦

Chears

i guess everyone is in a different situation and need to treat it differently.

btw i mentioed the idea of depositing a few thousand more into my poker account to my wife. yeah not gonna happen

Personally speaking I treat each of my accounts on different poker sites as seperate rolls. There is no likelyhood that I will withdraw any of the $26 I have on stars to play elsewhere (not worth the effort) and I will not ever be depositing there as I hate the software (I am only using the $ there to play some friends "home games").

I have cash on 3 other sites but treat each seperately and play on each site using BRM based on the cash on that site. I have a few $ (less than 30) on MB but I don't count that either as not really worth counting.

My total is less than £500 if all are counted together thanks to loads of well used and much enjoyed withdrawls last year.

btw i mentioed the idea of depositing a few thousand more into my poker account to my wife.

I think there is an article here in Strategy section explaining why it isn't good for beginner to start with more than appx $100.

Originally posted by konkey

btw i mentioed the idea of depositing a few thousand more into my poker account to my wife.

I think there is an article here in Strategy section explaining why it isn't good for beginner to start with more than appx $100.

thats good to know but not sure of your point. i did start with $100. but 2 years and 5,000 or so games later i have about 2k. btw - the statement about telling my wife that - was a joke!!!

Originally posted by evertonroar
"I do not understand this. Why isn't that money in your poker accounts?"

because you bamkrole is not the money in your poker account, its the total of all the money you have that you would spend on poker. For instance, I have a good job with a good steady income. If I lost all my money in my accounts (unlikely as about 400 buyin for sngs) I would have no issue desposting some more money. But i dont need to put it in now as that money is much better in th ebank reducing my home loan interest.

to you and everyone else with that arguement. Why aren't you moving up in stakes when your bankroll is so large you can cashout money and still have way more buyins you could ever need ?

Unless you use 50BI BRM but cashout 30BI's of that to have in your bankaccount for interest.. and incase you need it you deposit again? That just seems unnecesary to me personally. Surely if your talking about numbers big enough to make a significant amount of money from interest with a part of your poker bankroll you'd be playing medium or high stakes which isn't that many people in which case your hourly rate should be so high that it wouldn't take that long to grind the interest by playing poker. So imo you'd have to be playing like NL400 at the very least to even really bother. Especially with the terrible interest rates we have nowadays.

This is what I use:

http://poker-tools.flopturnriver.com/poker-records.xls

first of all the interest rates in australia are getting quite high again. but that s not the point - i was only using that as an example (ie i have enough money for the stakes im comfortable playing at so why would i put more in when i could be using it elsewhere in my life - but i have enough income to know that if i lose whats in my account i can redeposit).

regarding why i dont move up with my 2k - i currently play $6.50 stt and 3.30/6.50 90 man sngs. i return about 6% at the stt and around 18% at the mtsngs 300 bi (with the money in my account) may seem a bit nitty but its not only to do with BI's but alo to do with comfort level and the learning process.

I'm still earning and feel that i have learnt alot since moving up to 6.50s. I have around 190 bi for the next level but prefer to put in another 1000 or so at my current level before moving up. To me poker is a personal challenge to get better. It is unlikely that without getting much much better, turning pro and going deep in some pretty big tournaments that i will ever earn from poker what i earn from my day job. which to me is ok as i love my day job as well.

Originally posted by Hahaownedlolz

Originally posted by evertonroar
"I do not understand this. Why isn't that money in your poker accounts?"

because you bamkrole is not the money in your poker account, its the total of all the money you have that you would spend on poker. For instance, I have a good job with a good steady income. If I lost all my money in my accounts (unlikely as about 400 buyin for sngs) I would have no issue desposting some more money. But i dont need to put it in now as that money is much better in th ebank reducing my home loan interest.

to you and everyone else with that arguement. Why aren't you moving up in stakes when your bankroll is so large you can cashout money and still have way more buyins you could ever need ?

Unless you use 50BI BRM but cashout 30BI's of that to have in your bankaccount for interest.. and incase you need it you deposit again? That just seems unnecesary to me personally. Surely if your talking about numbers big enough to make a significant amount of money from interest with a part of your poker bankroll you'd be playing medium or high stakes which isn't that many people in which case your hourly rate should be so high that it wouldn't take that long to grind the interest by playing poker. So imo you'd have to be playing like NL400 at the very least to even really bother. Especially with the terrible interest rates we have nowadays.

1. what if one is playing for living so need a bit more conservative BR?
2. What would you do if your poker acocunt got hacked? Keeping all your money there is not good idea if you have to pay rent next month imo..
3. Keeping 30-50% of BR in poker rooms/MB/Neteller and the rest in separate bank account is quite wise approach imo. Not because of interest rates which suck, but to keep them safe..

just my 2 cents