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Poker Discussion
General Poker
making a living as a pro
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[QUOTE="eazy489, post: 1792190, member: 83298"] hey nouchebag, Determining whether you are taking a successful approach to bankroll mgmt can be looked at in a few ways. First, are you sticking to your plan? Let's say you are playing .10c/.25c, you should have a bankroll i would say of somewhere between 2k and 2.5k. Are you sticking to your plan of only playing that limit and lower? Do you find yourself buying in at higher levels when you are having an off day to make up for the lost buy ins? You need to make sure you are sticking to your plan and also having the discipline to only play the limits you can afford. Put a stop/loss on each day if you have to. For instance, if you are playing that level mentioned above, if you lose $100 in a day, call it quits for the day. That is the first step to succesful BRM. The next one is important when CHANGING your limits. Here's my rule of thumb. Lets say i start out with 2k for .10/.25c blinds. I find that I lose my first 20 buy ins due to variance along with some poor play. Now i am down to 1500. I would most likely drop a level as well b/c my BR isn't sufficient anymore for 25NL. I would drop down to 10NL and try to build back up to around 2 or 2.5k. On the opposite side, if i had 2k and built it up to 4k pretty quickly at 25NL, I would most likely move up to 50NL and play there for a few days and see how I do. Whenever moving up limits, my advice would be to take it extremely slow, don't play 10 tables at once. Play a few tables and get used to the table dynamic. In conclusion, knowing whether or not you are successful at BRM comes down to 2 things imo: 1)whether you are being disciplined enough at your level and 2) doing the right things when you move up or down levels. To your next question I don't have a great answer. All i would say is that you need to work extremely hard at becoming a good poker player. Read, watch online videos, and most importantly learn from your OWN mistakes. Everyone makes mistakes in this game, the ones who get better are the ones who sit down afterwards and analyze their mistakes so they don't keep making them. Hope that helps. [/QUOTE]
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