The Errors of Bankroll Management

[livinitup0]

I think I may have figured something out that's worth sharing to the newbies. I am in the middle of a decent size downswing after tying to move up to 1/2, I moved back down and it is still going on. I took a day off playing a decided to look at every stat, my graph and about 100 or so hands and make notes. Didnt find anything really scary except one issue. I looked at my graph and saw the horrible slope i've taken. Then I saw on the options how to segregate by limit, I think Ive figured it out.
Surprisingly Im only down in my .50/1 games about 50-60BB, then I isolated 1/2..down about 25BB. Then i remembered the one day I was playing some 1/2 6-max, after taking some really bad advice on here to move there.
Then I added up my ROI on the SnG's I was playing to let out some steam from ring games (SnG's are poker crack to me). $90.00 there.
Then I took into account the MTT buyin's another 50.00 out of the money each time.

Then It hit me.... I wasnt going through a huge downswing right off the bat (I am now as Ive stayed at my limit after realizing it. 200BB - hopefully coming out of it soon) I was just tilting and used my bankroll to play other crap that I have little to no experience in. almost 75% of my losses this month have been on games other than what I usually play, and could have been completely avoided. and all because I wasnt satisfied with the money I was making with my 3BB/100 over 15K hands at .50/1.

This is a wakeup call for me. When I get into a downswing I start thinking too much after I frustratingly put down the mouse for the night. I stay up to 3am without playing a hand since 11pm just thinking about stupid crap. "Maybe I should switch full time to SnG's, or maybe just play MTT's, or 6-max?" Then I spend a day trying one out and get killed....Not varience... undecisive stupidity.

So to all the begginner micro players out there, stick to your regular game unless you're going to make a full move to another game, messing around with other games (while tilting) and on a downswing leads to disaster.

Went from 800$ down to 400$ left. and its completely my own stupid fault. I wanted to make an unrealistic amount of money in an unrealistic amount of time.

Hey I may get flamed with this, but I know theres a ton of you out there that have done the same, and can relate.
Stick to what you know and save yourself some headaches and money.

[NateDog]

I'm just easing out of a 75BB swing myself. Try this, play at Midnight to 2 AM Pacific time. Holy crap those guys are bad. Worked like a charm for me.

Seriously though, keep a little scrap at stars, $10 or so. You wanna blow off some steam? Go play .02/.04 full ring or HU. No fun like raising at every possible opportunity. I used to hate it when those guys would sit at my table when I first started out, but now I know why. It's fun.

Good luck duder.

Nate

[livinitup0]

Unfortunately that would be like 2am-4am my time, and work starts at 8am...little rough. Im thinking that If I keep $20 or something on prima I can just blow off steam at the $1 HU tourneys. I usually win like 9 out of 10 of those! Seriously though I think consistantcy is important, and I wont be doing this multiple game jumping again. No more 6-max, no more moving up until I hit 25K hands, and Im putting down the poker crack.

A wise man said:
"If I had a million dollars....you know what I'd do?.....I'll tell 'ya.... 2 chicks at the same time. F**k'n A!

[bozlax]

[ QUOTE ]
A wise man said:
"If I had a million dollars....you know what I'd do?.....I'll tell 'ya.... 2 chicks at the same time. F**k'n A!

[/ QUOTE ]

Another wise man said, "Money may not buy me happiness, but I can sure as hell pull my yacht up next to it and invite it over for a drink."

[USDaniels]

I have also noticed that. It is hard to switch gears.

As a strictly recreational player I probably don't have the same mindset as those of you trying to go pro, but I look at the inter-game variance as an "investment" in becoming a better all around HE player. I do use different games (as you do) to break up the monotony of playing the same game at the same site, but I also play those games seriously (as I'm sure you do also) and try to learn what I can about HE from each variation of it (NL tourney, NL ring, 6-max limit, etc). Maybe someday, if I ever venture out into the bright world of casino play, I'll be better off for it.

But you are right: play a lot of limit and then sit down at a SnG and you will find yourself making some weird moves occasionally ("I'll check/call this down" - duh). Maybe try sitting down at a low buy-in NL ring game for a few dozen hands before entering the SnG. Not much risk and you'll already be starting to get into a NL mindset as the tourney starts instead of going in cold.

[Saint_D]

I don't see anything flame worthy here. You went looking for your leaks, found a big one, close it and posted your strategy here.

NH sir.

-D

P.S. 2+2 tables are my biggest leak.