Why do beginners never believe me about bankroll management?

[fnord_too]

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I learned the hard way that playing $5/$10 w/ a $500 bankroll is suicide. I feel like I'm doing these beginners an unbelievable favor when I tell them about bankroll management. They get to learn the easy way instead of the hard way like I did, but they NEVER EVER listen.

"OMG, I'm soo mad. I was at $450 last night, but now I'm down to $250. I guess it's all good since I started with only $50."

"What games are you playing?"

"$30 and $50 sit'n'gos."

"You should really consider sticking with the $10's until you build a safety net for yourself."

"Nah, it's cool. This is how I got up to $350."

"$350 is a shitload of money for you, right?"

"Yeah, of course it is. I'm a college kid."

"Well, first of all, you're not good at poker. But more importantly, even if you were Johnny Chan, you would have over a 50% risk of ruin (insert ROR explanation here) if you kept playing the same games with only $250."

"Nah man. I've already won some of these. I would have won the last one, but some idiot went all-in with a ten jack, and he made a straight on the last card to beat my ace. I gotta move up to avoid these maniacs."

"Great story. Kill me please."

Is it impossible to get through to these people? I've had this same conversation so many times, and it never gets less painful.

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Wait til you have kids, you'll get to go through it all again! (My child is only 18 months, but I know what I was like [img]/images/graemlins/smile.gif[/img] )

There is a great quote from Mark Twain that goes something like:

"My father was one of the most ignorant men I knew when I was 18. I was amazed at how much he learned by the time I turned 25."

We could modify this for your friends:

"Justin was such an idiot when I first started playing poker. He's come a long way since I had to reload 4 times."

[MelK]

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lol
Yes, it is almost hypnotic is it not?

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I'm glad to see you have decided to use my avatar. I invite all the rest of you to do so as well.

This avatar is designed to relax people and make them less confrontational. By myself, I don't post enough to really have an impact. If many of us use it, 2+2 will be a much happier place. [img]/images/graemlins/laugh.gif[/img]

[Sponger15SB]

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I learned the hard way that playing $5/$10 w/ a $500 bankroll is suicide.

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Hmmm, Yeah I have a friend who played $15/30 with $1500 to his name, and then made fun of me for playing $20/$30 SNGs with like an $800 bankroll and told me that I don't have "balls". He then proceeded to lose $800 in like 15 minutes.

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"Great story. Kill me please."

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Word.

[TimM]

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This avatar is designed to relax people and make them less confrontational.

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What a coincidence, so is mine! [img]/images/graemlins/wink.gif[/img]

[Thythe]

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This avatar is designed to relax people and make them less confrontational.

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What a coincidence, so is mine! [img]/images/graemlins/wink.gif[/img]

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I think I enjoy yours more.

[GrannyMae]

This avatar is designed to relax people and make them less confrontational.


mine too.

when exposed to a pack of monkeys that had popsicle sticks holding their eyes open, after 16 days they were all lucid (but VERY horny)

[coolhandtom]

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This avatar is designed to relax people and make them less confrontational.

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What a coincidence, so is mine! [img]/images/graemlins/wink.gif[/img]

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not mine .... [img]/images/graemlins/cool.gif[/img]

[tpir90036]

ZJ,

I truly believe it is impossible, but i commend you for trying. I have a friend who recently busted out after playing the Party 15 on a very short bankroll. He is a very smart guy (which you may be doubting at this point) a winning player (which you also might doubt) and definitely not a beginner...but his extremely high risk of ruin caught up with him. The part that made me sad was that he looked down on me when I was grinding out 1/2...and then 2/4....and then 3/6. All I can say is that fighting the good fight is noble....but is futile with people who simply can't see that bankroll management is as big of a part of poker as any at-the-table table strategy will be.

-tpir

[William]

I remember a young man on here telling us all he didn't need to go to college.

[img]/images/graemlins/grin.gif[/img]
As the frogs would say: TOUCHÉ

In the same line of thinking, I know this extremely rich guy who plays poker every evening. He comes from one of those "suspicious" ex behind-the-iron countries and is highly respected by his formed countrymen. He is a real gentleman and he likes that all players behave accordingly to his high moral standards.

The only thing he seems to have forgoten is that today, when he is 60-and-something, he can appear as a true gentleman but everyone remembers how he became so wealthy and "respectable".

Isn't there a story about not throwing the first stone...

I'm glad Justin made it playing poker.

Do I want my kids to learn to play poker? I certainly do.
Will I do everything in my power to convince them that they should go to college and get a high education? You can bet your... ass I will!

William

[Lori]

I'm glad Justin made it playing poker.

Just to be clear here, so am I.

Lori