Tuesday, September 25, 2007

breakeven

Right now I am more or less break even. I made about 15 bucks back after some bad play from my side and -10 bucks. Then lost 5 bucks on a sick hand. It was my last hand and it worked out really bad. 55$ drop to 49.something
I could have saved 4 bucks on the last hand, but I did not put him on 66 and the made straight, rather on an overpair like the other guy. a 10 4 7 5 3 board does not look to dangerous when you see the flop and turn betting. runner runner straight was nothing I had him on. My bad. High variance style for the loss...

Saturday, September 22, 2007

first day

Ok this here is just to help me get focused. 50$ is what I can afford right now, not more not less, when I waste this I won't be able to play, simple as that.
I have just too many expenses the next few months that I could spare any more money on poker. My first 40 hands. +0.81 cents.
I had one hand in my pokertracker from the last time which was -1$, so my PT stats had a rough start. I am still in the red even though I am up. Ok, the next post will be some link pimping.

50.81

start with 50 $

I have wasted a few small buyins, breaking bankroll management rules and slacking around. This will be my final try. I loaded 50 bucks into stars and will hit the 6 max tables. My Goal is to learn perfect bankroll management from scratch and be very careful with my impulses. I want to constantly move up the limits to hit the big tables one day. It's not a matter of time, only a matter of patience.

To quote 20kmission:
So with 200 big blinds in play i need that to represent less than 10% of my bankroll. To play any level i will need more than 2000 big blinds, or 20 buy ins minimum.

I will be playing the levels according to the table below. The levels are as follows:
Level
Blinds
Minimum Bankroll
1
$0.01/$0.02
$50
2
$0.02/$0.05
$100
3
$0.05/$0.10
$200
4
$0.10/$0.25
$500
5
$0.25/$0.50
$1,000
6
$0.50/$1.00
$2,000
7
$1/$2
$4,000
8
$2/$4
$8,000
9
$3/$6
$12,000
10
$5/$10
$20,000

The chart above covers playing 2 cash tables at a time with the minimum bankroll.

edit: This bankroll management is fine until I hit NL50, then I will be extra careful. I will change it to 30 buy ins minimum followed by 40 buy ins minimum the next levels.

$0.25/$0.50 $1,500
$0.50/$1.00 $4,000
$1/$2 $8,000
$2/$4 $12,000
$3/$6 $20,000
$5/$10 $40,000

Besides this I will apply a stop loss of 2 buy ins for a day. Once I lose two buy ins on a given day I will quit for that day. It's one long session.
Tournament wise I will stick to the 1% rule, I am allowed to hit tournaments or sit and go's for 1% of my bankroll or 1$ minimum.