My money management

    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      I have been playing with starting capital and gets down to 5$. Then I received first bonus cleared and had 15$. So I started 0.02/0.04 Fixed limit. After reaching 30$ I switched to 0.05/0.1 and when I reached 60$ I tried 0.1/0.2 but it raked me fast and i dropped down. When I was on heavy tilt to 50$ I managed to set another money management and I wonder what you say about it. I will play 0.05/0.1 till reach 70$ then switch to 0.25/0.5 till I reach 75$ or 65$ then I will switch to 0.05/0.1 till reach 80$ and repeat the proces till I reach 90$
  • 20 replies
    • opal99
      opal99
      Black
      Joined: 05.02.2008 Posts: 8,270
      what? Just:
      Don't do it!

      It took me while to understand it as I thought there's missing 0 somewhere..

      So, you're now playing with 500 BB until you get to 700BB (on 0.05/0.1); right?
      Then you switch to 0.25/0.50 (???) with only 140 BB and will gamble to win or loose 10 BB and no matter what happen, you'll move back3 limits; right?
      Let's say you win and you have $80... you still have only 160 BB on 0.25/0.5 so just half of required or 800 on 0.05/0.1.. weird :/

      My suggestion:
      play 0.05/0.1 to $60
      play 0.1/0.2 from 60 to 90
      play 0.15/0.3 from 90 to 150
      play 0.25/0.5 from 150

      I know it can sound tooo standard but it's the best ;)
    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      In fact I have allready tried this strategy before. When I had 60$ and get it to 65 and then back to 60$ on 0.1/0.2 it was frustrating. So I decided to skip this limit. and then I felt down to 50$ (in fact 51 or so) on 0.25/0.5 but it was fun playing. I have just reached 60$ few minutes ago again and I dont want to be on downswingy 0.1/0.2 again. So I set the level when to start 0.25/.5 to 70$ and after a will gamble on this level for 5$ the felldown will not be so hurt. So I will make it to 65$ or 75$ on 0.25/.5 and if to 75$ I will have to win only 5$ on 0.05/0.1 to next click. If I will fall down to 65$ I will have to win 15$ on 0.05/0.1.

      I am plaing on Titan poker and there is no middle limit between .1/.2 and .25/0.5. Do you think there is something dangerous on it? Dont you think it can be even faster to grow up?

      On pokerstars now i have 12$ and want to pass standard money management. But on Titan it was thing of my decision before. In the time when I could not beat 0.1/0.2. There is another thing. I have to reach 2500 titan points to reach limit to possible withdrawal. And titan points grows much faster when playing higher limits:) Thank you for reply and may I ask you on what limits on pokerstars I will start to get FPPs? I want that Porsche and still have 0 FPPs:)
    • opal99
      opal99
      Black
      Joined: 05.02.2008 Posts: 8,270
      porsche?? no way... it's not worth a penny :P

      This is THE car:

      AUDI S8 5.2 FSI 331kW/450 PS as standard
      0-100 km/h in 5.1 seconds (almost 2000kg car :O )


      back to your question ;) :

      I just wanted to say that playing with 140 BB bankroll is close to suicide even on microlimits.. nothing else :/

      You're right about only $5 but losing those $5 on 0.25/0.50 is only 10 BB (what can happen in 2 minutes to everyone) and earning them back on 0.05/0.1 means you have to win 50 BB (!) - you have to play 2000 - 3000 hands with decent winrate... That's why I dont think it's worth a try :/

      It's up to you what will happen to your BR but I still think there's no better time to learn good BRM than on the lowest limits (it will be just harder higher..).

      I see how you don't like 0.1/0.2 and I understand you, because I have the same problem with 3/6, but I'm NOT going to play higher limit without appropriate BR no matter how long it will take to get it (on lower limits of course).

      So my advice is:

      1. Don't do that shots.
      2. Play few more sessions/days on 0.05/0.1 if you're winning player there
      3. Take shots on 0.1/0.2 from time to time just to get some feeling
      -------------
      4. decide if you want to play 0.05/0.1 or 0.1/0.2 until you reach at least (!) $120 - what is not enough to play 0.25/0.5, but is much safer than $80




      And I don't know answer on your last question as I never played that limits on Stars (my first experience with FL was on PartyPoker), but I think there're players who can say something.


      :spade: Good luck :spade:
    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      Ok thank you. I dont think now its so bad to try 0.1/0.2 BUT I said that to myselve and its hard to change my mind :P I do want go up as quickly as possible. I am aiming to get $1.000.000 at poker winnings and want to do it quick :D

      I am playing 0.1/0.2 on pokerheaven where i have only €8 and its the lowest limit there. I dont know if I will make it to 100€ to be proper:D

      My short term on this three sites is to make 150$ on each. Do you think is worth to have BR spreaded through different sites? I feel that I can grow up fastest on PS but have lowest BR there. I want in short term after these starting 150 to begin play some regular tournaments here. Especially Sunday Millions i am glimpsing on;) There is BI of 250$ or so. So I d like to ask you on what limit you can earn relatively stable 250$ per week? Is that 2/4 or 3/6 you are playing now?
    • opal99
      opal99
      Black
      Joined: 05.02.2008 Posts: 8,270
      ok, 1 by 1:

      - 0.1/0.2 is the way to go :)
      - $1mil? hmm.. i hope I'll be there first :P Good luck! (don't play on the same 30/60 - 50/100 tables as I will then...)
      - it's wise to spread your bankroll on 10/20 and higher because of lack of good opponents/tables, but it's not important on limits you or me play. There's nothing wrong with that, so if you like it, do it. Other thing is: If you want to go up as quick as possible, you should think about playing only on 1 site on micro-low limits (maybe higher too), because rakebacks/bonuses are much better the more you play on specific site. And it's better in downswing time to have it in one account so you dont get in situation where you have 150 BB in 1st, 200 in 2nd and only 20BB in third account..
      - buyin for that tourney is $215 or so... Therefore you need $21,500 bankroll to play it!!! Don't forget that! Variance in MTTs is huge and you can easily bust in bubble 8 weeks in row. => don't invest more than 1% of your bankroll in single tournament
      - 1/2 should be enough to make $250 per week on average with ~8000 hands... downswings are more common on these stakes, so you can't expect to have $xxx every week on any limit... But if we're talking about average monthly income, than $250/week is possible with 1.6 BB/100 hands winrate and 8000 hands per week
    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      Finally I did it to 70$ and there am I before first click on 0.25/.05! So here it goes...
    • lennert9
      lennert9
      Bronze
      Joined: 06.10.2008 Posts: 278
      I just don't get this... Today I grinded 19$ on 0.1-0.2 at titan, so it's very beatable.

      Also, in reading your post it seems as if you want to make money fast by playing poker. That mindset is probably the fastest way to bust your entire bankroll due to impatience, and improper brm. Hope it works out for ya, but if it does, then don't go taking a shot at 0.5-1 before you are at the right bankroll.
    • opal99
      opal99
      Black
      Joined: 05.02.2008 Posts: 8,270
      Originally posted by lennert9
      Also, in reading your post it seems as if you want to make money fast by playing poker. That mindset is probably the fastest way to bust your entire bankroll due to impatience, and improper brm. Hope it works out for ya, but if it does, then don't go taking a shot at 0.5-1 before you are at the right bankroll.
      #2 :rolleyes:

      I said what I think about this idea, but it looks like it wasn't neccessary as Alafoe is still going to play with 140 BB bankroll... The only thing I can say is: good luck - you'll need it sooner or later.
    • gaz639
      gaz639
      Bronze
      Joined: 03.05.2008 Posts: 506
      i don't play fixed limit i play NL but i imagine its the same, you say you can't beat 0.1/0.2 so you skip it, surely Fl is the same as NL where the skill level increases as the limit does, so if you can't beat 0.1/0.2 then my advice would be (and i doubt you will listen but it is worth a try) would be to carry on playing 0.1/0.2 as if you can't beat that then surely you don't have the skill yet to beat higher limits, and listen to what everyone says about brm, i know it hasn't worked for you in the past but it DOES work, one thing you need in poker is patience. With the brm strategy you want to play both in cash games and your sunday million dreams the only way is down, and fast
    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      This click was not nice one. I had only three hands to play. It was 88 in MP when UTG with stats 25/0 limped in. There were another three callers. Flop came QK6 all hearts. So I gave up. Won flush 73h.

      Next hand I get was QcJc on CO. There was loose limper from UTG. I raised and TAg BU reraised me. Another two callers in including BB and original limper. Flops comes 5d6c9d I checked to BB and he bets. I gave up. Another card was 10c and another Jd. Buton bets on every street and shows JJ.

      The last hand I played was quite badone cos I lost the rest of my chips on. I was against very loose player with stats 90/5. I posted it to the forum. That was I think semi mistake not to fold on the turn against his agression because I had read on him that he bets only with strong made hands on later streets. But I simply had so much of my 5$ stack to this click in that I had to belive in my gutshot strength. On the turn I decided to give rest of my chips in to protect to very unlikely pure bluff. Thread is 0.25/0.50 KJs 10playersgame

      So I am after first click. Now switching to 0.05/0.1 game. And looking forward to 80$ to the next click.

      I wonder If I can just earn some money in one of these clicks or I will play 0.05/0.1 forever:o)

      Next think is I would like to explain my bad game on KJ. I knew that player would raise strong made hand. But when I bet and he raised to 4 its seamed to me like bluff he saying: he has seen SD in 0% so I can bluff any two making him to fold. But on the other side is my VP and possibility to have bigger pair. So I lost to Q4s...
    • Reverand221
      Reverand221
      Bronze
      Joined: 24.02.2008 Posts: 264
      i recommend not to play those "clicks" -> bankrollmanagement!

      another big mistake is to sit there with 5BB stack. you should always have at least 10BB stack, optimum is 12BB and more. if you hit a monster you will loose a lot of value, because you cant cap all streets...

      but you really shouldnt play .25/.50 with your bankroll!
    • PokerHammer
      PokerHammer
      Bronze
      Joined: 26.08.2007 Posts: 209
      I can't believe this thread!

      Have you not read the bankroll management articles or do you just not care enough?

      Also, what is a 'click'?
    • gaz639
      gaz639
      Bronze
      Joined: 03.05.2008 Posts: 506
      with the sounds of it a click is when you try you're luck on a limit way out of you're league both in terms of bankroll and skill, to gain a measly $5 to get upto the goal of $1mil a little faster, in the real world though it means work hard to get you're money up then blow it and start again til its gone
    • strat9
      strat9
      Bronze
      Joined: 06.02.2008 Posts: 511
      I'm wondering if what he said in the first post about "getting raked" meant that the rake was disproportionately high at this level on whatever sight he's playing on. If this is true, I can see some justification for being a little more creative with BRM.

      I'm just speculating, though, on what was meant when he referred to getting raked. If the rake is not any higher (proportionally) at this level on whatever site you at, then there is no reason to not play and beat .10/.20.
    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      On 0.05/0.1 some pots are smaller than minimum needed to rake at all. Thats not true on 0.1/0.2. What I said is based on my stats.

      My stats for 0.05/0.1 are now 8266 hands on 6.30BB/100. I won $52 and raked $28.

      My stats for 0.1/0.2 are now 1255 hands on -1.96BB/100. There I lost $10 and raked $8.

      My overal ratio from the point I recieved starting capital is 2BB/100 not so bad but I think on micros should be better.

      I improved my game on 0.05/0.1 I think a bit and I may be at least break even on 0.1/0.2 but now its think of my personal decision and may be obssesion to follow "my money management".

      But 0.25/0.5 is micro ass well and I dont fear that opponents are stronger. My management is well prepared and when not turn to tillt I will survive it. Another thing is when I played 0.1/0.2 I may had at least 100$ now or $0 who knows.

      But who cares :D

      I am now heading to 70$ again and 10$ more and I am awaiting next click! Will be fun:D
    • lennert9
      lennert9
      Bronze
      Joined: 06.10.2008 Posts: 278
      Originally posted by Alafoe
      On 0.05/0.1 some pots are smaller than minimum needed to rake at all. Thats not true on 0.1/0.2. What I said is based on my stats.

      My stats for 0.05/0.1 are now 8266 hands on 6.30BB/100. I won $52 and raked $28.

      My stats for 0.1/0.2 are now 1255 hands on -1.96BB/100. There I lost $10 and raked $8.

      You do realise that the following pot:

      you are the BB ererybody folds, the sb limps, the flop comes, the sb checks, you bet, the sb folds isn't raked on 0.1-0.2 and is raked on 0.25-0.5 any other pots which were raked at 0.1-0.2 are being raked just as bad on 0.25-0.5, so if anything, you will pay even more rake in BB/100 hands.

      Also, 1255 hands is jut too little to draw a conclusion about not being able to win at a certain limit.
    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      And here it goes again. When I did it to $80 i clicked and another $5 was gone. Yesterday I reached $100 and what about my winnings at 0.25/0.5? $5 gone but then I managed another (tilty $5 into $15) so I ended up with some $2 profit. Its nice and I think now with this great $100 I should finally move to 0.25/0.5 as regular limit. I will probably also play NL1 cos want to be poker pro and should be more universal. So playing with 200BB is not perfect I know but hope it will work and soon make it to safe 300BB. I will let you know if my money management works well. Now only thing to do is 10000ple up and I will have $1000000 Just say WOW!
    • Alafoe
      Alafoe
      Bronze
      Joined: 28.08.2008 Posts: 202
      I am proud to inform you I have stabilized my BR over 300BB on the new limit. Worked for me!
    • jmackenzie
      jmackenzie
      Silver
      Joined: 04.06.2008 Posts: 1,241
      Nice one :)

      keep at it
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