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Poker Discussion
General Poker
Bankroll management: Kelly's criteria
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[QUOTE="JRTHEKING, post: 5455946, member: 416059"] This probably fits here... I recall getting broke more times than I can count. At times I'd put my whole bankroll on the table, needing to win just to make expenses and hoping the cards wouldn't be cruel. Sometimes just having the talent isn't enough. Being a favorite is a small consolation when someone's just made an inside straight and raked away your grocery money. So, let me offer some advice to the world-class players of tomorrow who are still struggling. "Having heart". That's a term used to describe a player whose will to win is all but unstoppable. Typically, a player with "heart" has a $1000 worth of chips and a $100,000 worth of courage. If there's any single fault universal to up and coming top-ranking poker pros, it's that they have too much heart. They tend to seek out too tough competition and risk too much of their bankroll as proof of their daring. Doyle Brunson (from the book Poker Wisdom of a Champion) [/QUOTE]
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Bankroll management: Kelly's criteria
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