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Message: [QUOTE="Jacki Burkhart, post: 4713061, member: 105969"] I love this question and it sounds like I'm in a similar situation to you. everyone loves to preach bankroll management and they are not wrong, but traditional BRM is intended for a pro player who's entire source of income must come from poker. The risk of ruin is very real and to be avoided at all costs because once you're broke, you're broke and can't play poker anymore. It's totally different for those of us with jobs who can essentially "auto replenish" every 2 weeks. even when we "go broke" we don't really go broke. however....without some sort of discipline and BRM we can easily become a donator or losing player and maybe not notice as readily as a pro would be forced to realize it. I don't have any real answer for you....but I will tell you that I do not subscribe to traditional BRM. for instance the guideline of 100 buy ins for MTTs? yeah no. that's absurd. in a vacuum I'm sure it's mathematically sound but our time on this earth is limited and so we have to weigh many factors. For instance, those of us with jobs sometimes play whichever tourneys are conveniently located or scheduled for us. Because we don't travel the circuit fulltime if a very good value tourney is just a couple hours drive away and at a time that works with our job and we have the money to play it....but we don't have 100x the money to play it....should we skip it? I think NO!!!! HELL NO!!!! I played the main event this year and I guarantee you that while my bankroll is healthy it is not $10,000 x 100. i happened to have the time off at my job and I happened to have investors. so I think I'd be a fool to skip it even though BRM purists would say I was a fool. so what to do? I think we need to strike a compromise so we don't delude ourselves about BRM. Here's what I do: I do keep my poker money separate from my life money. I actually have separate bank accounts for them and a safe at home to keep a small portion of my poker bankroll in cash just for convenience and to avoid ATM fees since I mostly play on weekends. (corporate job). as for making decisions about how big you can play with that money....it's somewhat personal and related to your goals. If you go broke how long will it take you of saving your expendible income before you can play again? How many weeks or months is that? are you comfortable with waiting that amount of time? If yes...then you can essentially go broke any time without any significant life crisis ensuing. but pretend you only have a few extra dollars per month and so it would take you about a year to build again to the point you could play...if that would be a life crisis for you then you need some BRM. I play for fun and challenge and achievement. I do not rely on any poker income as supplemental income. therefore I can afford to lose my entire bankroll at anytime and while I would be sad, I would only be out of the game about 2 months before I could come back to $1/2 cash and occasional $100 MTTs. For me this is an acceptable risk. and in 10 years I've never actually gone broke though I've been close....very close lol. what works for me is a 20:1 ratio I can afford to buy into events that are essentially 5% of my bankroll. If I want to play something bigger I just sell action so that I've only got 5% of my bankroll invested...or if that's not feasible then I just decide "how much do I want to play this? can i consider this a recreation expense? like a vacation?" how many hedge fund managers use a form of BRM to decide how much golf they can play on vacation? Or do they just abide by the "work hard play hard" principle? I hope my rambling has helped you somewhat lol. [/QUOTE]

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