Friend of mine claims to go from $100 to 10k in a month.. possible?
 

I was having a discussion with my friend not long ago and he has said that he has a problem with bankroll management so this is what he wants to work on. I kind of feel that his methods for building a bankroll also lead to his downfall. He recently lost the rest of his bankroll from having 40k from tilting away at the 2k NL tables. I try to tell him about playing within his bankroll and being able to greatly decrease his risk of ruin.

Well anyway the topic came up of him being able to go from $100 to 10,000 in a month and I found this to be extermely unrealistic unless you just ran insanely good for an entire month. He claims that he's gone broke plenty of times before and its no big deal and that he just takes $100 and rebuilds a bankroll. All of this is foreign to me and it sounds pretty unrealistic starting with $100.

He said his plan is to play 25 sit and goes a day starting at $10, do this until he gets to $500... he said this would take 5 days. Now to make $400 in 5 days playing 25 sit and goes a day this would be a 32% ROI... which I presume is possible (sounds reasonable, i havent played SNGs in a while though).. but this is not accounting for variance. He then says he takes his $500 and plays $20 SnGs until he gets up to 1.5k-2k and then plays $30 sit and goes until 3k. Then he says around this time he will have 2 weeks left and can triple this 3k and get to 10k within 2 weeks easily. I always thought that if you are tripling your bankroll in that kinda time then you are clearly not playing within your stakes. He does not get rakeback either so the vig on these SnGs I think would add up too. Do you guys think what he's trying to do is realistic? Also.. I think taking this method of building your bankroll does not teach a person bankroll management which is needed to survive long term without going broke. Isn't this method of his very susceptible to a bad run that can break him? It sounded like it to me and I didn't see it as a reasonable method of getting to 10k. Maybe i'm wrong.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

The reason why he can take $100 to $10k in a month is the same reason why he can go from $40k to $0 even faster.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

Is it possible? Sure. Will he succeed every time? No.

Just like a money management system cannot turn a -EV wagering opportunity into a +EV opportunity, neither can unsound money management turn a +EV opportunity into a -EV one. It will just put you out of action from time to time.

Your friend uses a high risk/high reward approach. If he can indeed beat the 2K NL game, he will eventually "breakout" and never look back, even if he is short bankrolled when he gets there. (Of course, if he tilts and can't beat the 2K NL game, that is his real problem, not bankroll management).

A certain size bankroll gives you a fixed risk of ruin, even if it is divided into smaller bankrolls. For example, the chance of losing a 300 BB bankroll is exactly the same as losing a 50 BB bankroll six times in a row.

Paul

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

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The reason why he can take $100 to $10k in a month is the same reason why he can go from $40k to $0 even faster.

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I know a guy like this too. He starts at 10/20 6 max with $200. If he goes on a roll he sometimes hits $10k pretty quick. Normally he's just broke. When he does hit $10k he loses it just as quick.

He does not want to be educated on br management. He just likes action.

Party has barred me from playing at his tables. [img]/images/graemlins/frown.gif[/img]

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

If he runs good and plays a lot he can do it. Sometimes he'll fail. What he does once he gets to 10k is what's important.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

it's possible, like anything's possible in cards, but you have to know the guy's charachter-- is he prone to lying?

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

Las Vegas exists because of guys like this.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

aceking finally someone who realizes what is important. Sadly, this article is written about me and can use some clarifying. This is not how I originally built my bankroll. I started off with 5 sngs and a few MTT's. I happen to win a 30 mtt for 2.5k. I then played 50 and 100 sngs. Later i moved to 200 nl and built to about 10k. When 1000 nl opened on party i was the first one on the tables and probably have been playing there the longest. I turned 10k into 50k + but at the time i was still 17. I was young and stupid and spent a bunch of money frivolously. I also started messing around with my money online b/c i was running so well i never imagined losing. Naturally i went broke within sevearl months and had to rebuild. I couldnt stand the thought of playing 25 NL wehn i was accustomed to 1000nl. I figured I'd take 100 and see what i can do in a short span of time. I wanted to build quickly. So i took 100 and played some sngs and built back up playing those until i got back to 10k. If i failed in the process, who cares what's 100? usually when i get to 2 or 3k i make it from there unitl i go broke. last time was unexpected as i broke up wiht my gf while playing and immediately went from grinding to 2000 omaha and lost my 10k in a few hours. But who cares i'll be back in a month and befroe you know it i'll be at 1000nl again. happened before and i can promise you by 2006 i'll be there regularly if not sooner. And this time im coming for good~!

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

Of course it's possible. Some guy at one of my tables a while back was chatting about how he went from $100 to his current >$10k in a few days. He had his whole rando acct balance at the table and I believe him. He was like a 35/12. It's not very hard to believe.

I found ~$250 in my Stars acct recently and ran it up to >$20k in like 10 days. Also not hard to believe.

GoT

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

my friend made 24k in 3 days this past week on FTP. While i've nver done anything that extrodinary i've won 24k in one week on 5/10 nl on party. It's a crazy game.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

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aceking finally someone who realizes what is important. Sadly, this article is written about me and can use some clarifying. This is not how I originally built my bankroll. I started off with 5 sngs and a few MTT's. I happen to win a 30 mtt for 2.5k. I then played 50 and 100 sngs. Later i moved to 200 nl and built to about 10k. When 1000 nl opened on party i was the first one on the tables and probably have been playing there the longest. I turned 10k into 50k + but at the time i was still 17. I was young and stupid and spent a bunch of money frivolously. I also started messing around with my money online b/c i was running so well i never imagined losing. Naturally i went broke within sevearl months and had to rebuild. I couldnt stand the thought of playing 25 NL wehn i was accustomed to 1000nl. I figured I'd take 100 and see what i can do in a short span of time. I wanted to build quickly. So i took 100 and played some sngs and built back up playing those until i got back to 10k. If i failed in the process, who cares what's 100? usually when i get to 2 or 3k i make it from there unitl i go broke. last time was unexpected as i broke up wiht my gf while playing and immediately went from grinding to 2000 omaha and lost my 10k in a few hours. But who cares i'll be back in a month and befroe you know it i'll be at 1000nl again. happened before and i can promise you by 2006 i'll be there regularly if not sooner. And this time im coming for good~!

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Start playing LHE please.

GoT

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

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last time was unexpected as i broke up wiht my gf while playing and immediately went from grinding to 2000 omaha and lost my 10k in a few hours.

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Sounds like you've got a great emotional makeup. Good luck with the plan kiddo.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

possible and not necessarily the sign of a crazy gambler, could be a good player

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

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I found ~$250 in my Stars acct recently and ran it up to >$20k in like 10 days. Also not hard to believe.

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Hey I've got $82 in my stars account you think you can turn that into >$6560 in 10 days for me?

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

Last Friday night at Canterbury I sat to the left of a guy who picked up 180BB at 6/12 in under 12 hours. That's a grand total of no more than 500 hands. He played any 2, usually for a raise and the deck was hitting him hand after hand. I'm certain it's all gone by now.

Yes, it's possible.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

Hey 49, this is a lot like the little challenge I did last month with $122 I found at one of my old poker sites. I made it to $3600 before I hit some turbulence and wound-up the month (about 45 hours) at $1700. Getting through the small limits is fairly easy, and your success rate of grinding your way through them up to about the $5/$10 game or $100 SNG's with a short bankroll is still pretty high.

However, what your friend may not have realized yet it that you have to leave with some cash. If you simply gamble until your are broke, what's the point?

Dogmeat [img]/images/graemlins/spade.gif[/img]

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

I dont gamble until im broke...simply till i get a bankroll to support the limits i wnat to play. Then i slow down and allow my bankroll room to hit "turbulance" Like a previous poster said, "whats important is what i do when i get to 10k."

Re: Friend of mine claims to go from $100 to 10k in a month.. possible
 

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I found ~$250 in my Stars acct recently and ran it up to >$20k in like 10 days. Also not hard to believe.GoT

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LOL--Its taken me all freakin year to make 20K, and I thought I was doing good!!! Screw you GOT!!!!!

I wish I had the balls to do what it takes to turn 250 into 20k in 10 days. Currently I have like 400 buyins at the sng level I'm playing..ugh

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

u had the misfortune to be young and lucky while building ur roll. If ur happen to run bad while building ur roll, it can take years!
If ur able to cope with ur tilting-problem then u will get there, wether it be a month or years. If u can not solve ur tilt-problem...it will all go to waist again. I fear the latter.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

ya i've been working on that a lot... I used to be a like like mike "the mouth" but i've gotten better and my understanding of the game has grown a lot. I dont go on tilt anymore, however I still make retarted b/c i over analyze. I konw waht they have and i know they should fold if i do this b/c i am representing that and they shoudl know this since they made it obvious as pie that they have AK for TPTK. but they still call and im guilty of it so often its stupid. thats my main problem.

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

I was just thinking about this thread and logged onto Eurobet to see I have $100 in my account, to the cent. I feel a challenge coming on, although to be fair there's no way I have time to play that many SnGs in 2 weeks.

I need a bit more advice on that 'easily get from 3K to 10K in two weeks bit' though which was glossed over. I'll keep track of numbers played anyhow, and at what level, and post results. If I can get to the 3K in around low level SnGs though I'll be happy enough. Currently playing No. 1 and still 10 left, only 400 or so more to go!

Re: Friend of mine claims to go from $100 to 10k in a month.. possible?
 

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A certain size bankroll gives you a fixed risk of ruin, even if it is divided into smaller bankrolls. For example, the chance of losing a 300 BB bankroll is exactly the same as losing a 50 BB bankroll six times in a row.


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This isn't true, as the more often you're stacking off, the more you're going to be missing out on +EV opportunities. Same goes for half-buying in at a NLHE table.

Therefore your chance of going broke with the 6*50 rather than 1*300 would be slightly higher.

This is why online gambling is bad!
 

What is a 17 year old doing gambling at these tables? Do you know that you lost a decent years income for a family of 4? Or 4 years of college tuition? Wow get into sports or even dorky D+D and get a perspective on life, before your a GA pledge before your 21st birthday..... [img]/images/graemlins/confused.gif[/img]