1. 2008-10-20 08:23:48

   Online Bankroll Part 3 (Crazy Day)

   Bad Start

   Here I am back again with another online post for your viewing pleasure. On friday before we left for Seattle for the weekend I played 2 online sessions for a total of just under 4 hours. I started out playing two 10/20 cent tables as normal I was good enough to start a 3rd table. I lost money on 1 of those tables then bought into a 25/50 cent table. Soon after I lost money on another table to exit out of there to buy into a 50/$1 table which sounds really dumb. I ended being up 20 bucks on 25/50 table. On the 50/$1 table I picked up I called a raise before the flop on the button. The flop was basically I was checked raised and I pushed he called with and I lost 85 bucks on that hand bringing me down a total of 110 bucks pretty much wiped all of my profit that I have so hard for on the 10/20 cent tables.

   1/2 NL

   After being discouraged about the loss, I went and ate lunch with Matt I cameback was determined to at least cut some of my losses for the day. Without hesitation I went into a 1/2 NL table 6 handed. I took the approach that my back is aganist the wall but with a chip on my shoulder. I wanted to show discipline and treat this as a NL game at the casino. I ended up winning 250 dollars without facing a big threat in any hands I played very well to say the least in my opinion given the circumstance. With this nice win I am up now 283 dollars on my original buy in and now I will be playing 1 table of 25/50 cent and you guys on the site will find out how that goes.

   What I learned

   This can be a bad habit and I shouldn't focus more on what my roll is, compared to me being patient and profit in the long run most definitely I need to work on that. With me saying my back aganist the wall I mean that I am risking just under half of my bankroll to cut losses for 1 day seems like a bad idea. Also, with my experience playing at some high levels I know to be patient and displine as well and just let my game speak for itself. I know that Jeff will read this and pull his hair out but this is something that I need to work on. I feel I have the right people helping me out and the right advice to take on every matter of doing this thank you for the support (You know who you are). Stay tuned for future posts on this experience and may your pots be monster.

   Posted by Nick L at 2008-10-20 08:23:48

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Comments on “Online Bankroll Part 3 (Crazy Day)”

1. • Posted by Jason M g 2008-10-21 05:36:37
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   • Read this article on bankroll management by Chris Ferguson. Here's
     a different article from Michael Craig that seems to be a summary/analysis of Chris's article. Good stuff. Take it to heart.

2. • Posted by Jason M g 2008-10-21 05:33:34
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   • if you want to focus on 1 table, i can dig that. but you still should only risk 1/30 of your bankroll on a particular table. that's just math, regardless of how good you are :) increasing the stakes to "get even" is just a slippery slope to losing your whole bankroll. just be careful and keep the focus regardless of the stakes and you will be good.

3. • Posted by Nick L g 2008-10-21 04:31:23
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   • Yes I know!!! but it is a blessing in disguise as well because now I can play on the limits I should be on and turn this into a realistic bankroll. Remember you don't win what you don't put in the middle ( that is not my thinking when I go and play 1/2)I understand it can be a bad habit and I wouldn't recommend doing this but why not play discipline and complete focus on 1 table in someways it is better to do that then 4 tables or smaller limits.

4. • Posted by Jason M g 2008-10-21 02:37:58
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   • Hey man. Bankroll management 101 :p That's all I'm gonna say, other than I'm glad you ended up ahead on your crazy odyssey.