What really is my bankroll?

[john kane]

I am a student.
I have approx $4,000 in my current account
I have access to $2,000 interest free debt
I have another $2,000 of pretty much interest free student loan i can use, with another $2,000 coming in Jan (which i would already have used if i havent spent poker winnings instead)
I have roughly $8,000 in savings.

So what are the highest limits i should be playing?

at the moment i play 1-2NL, $200 sit downs.

I spend massive amounts going out at the moment but im going to really try and spend my monthly spend to $550 (amount my parents give me each month). That is for food and drink, i have no other bills - they pay for that.

therefore, all i earn poker wise i keep in my bankroll.

i dont want to touch my savings as losing that my parents would kill me. But i dont mind using my student loan as a bankroll, im expected to spend that anyway.

So i therefore think my bankroll is $4,000 current account + $2,000 student loan+$2,000 student loan in january

should i consider the £2,000 interest free overdraft in my bankroll as well? after all, i dont mind going into that.

Just ive been playing the 1-2NL for over a year now, and including a few sit and go play, im up around $17,000 (all which has pretty much gone on boozing, but hey, its been a sod load of fun, so i dont mind, just now i feel i should start building up some money rather than spending it all).

i feel ive got the game to be a much higher earner than i am.

i dont tilt, ever, ive gone through some terrible downswings and some great upswings, im mentally sound.

Im thinking of moving up to the $100 sit and go's and $2-$4NL.

i remember reading a quote from a great poker player, who also loved to gamble though, name i forget, that your bankroll should be every penny you can get your hands on.
Im not doing that, just every penny i can feel comforable with losing.

Any, a pretty pointless post maybe, just trying to get things clear in my head and i can reread if i need to, any comments much appreciated.

[joop]

Why don't you just make your roll 300BB (or whatever you're comfortable with - maybe 500BB), for the limit you're currently playing. Take a shot at $2-4NL if you want, risking 150BB or whatever you're comfortable with, but be prepared to drop down if you're not comfortable in the games.

[jzpiano14]

I think you need to do some growing up, first of all, your depending on your parents for everything and you think you can play at this great level. Well if you actually believed than I think you would have taken your 5k already and turned it into some insane figure at the 100/200NL. If you've managed to blow through 17k on drinks, uh wow.....maybe cut back on the drinking and next time you win something, keep it in your poker account so you will actually have a bank roll. First get a head on your shoulder, then worry about your classes, and lastly worry about poker. School > EV than poker.

[Matt Williams]

You spend $550 a month on just food and drinks? Cut it down to $300 and you have an extra $250 to play with.

[Evan]

[ QUOTE ]
You spend $550 a month on just food and drinks? Cut it down to $300 and you have an extra $250 to play with.

[/ QUOTE ]
Depending on where you live, this can vary from difficult to impossible.

[TeeJayORTj]

[ QUOTE ]
[ QUOTE ]
You spend $550 a month on just food and drinks? Cut it down to $300 and you have an extra $250 to play with.

[/ QUOTE ]
Depending on where you live, this can vary from difficult to impossible.

[/ QUOTE ]

Yeah 300 is the minimum drinking and eating for 1 week...never mind 1 month.

[POKhER]

If you think you can win at the higher limits, prove it by CHRUSHING THE LOWER LIMIT GAMES.

"I really think i can beat the higher stakes, just my bankroll wont let me play them" I hear this quite a bit and i think to myself "If you're ready for the higher stakes, surely you're chrushing the lower stakes... So why do you have a bankroll issue?"

it usually seems its a mix of:

Small sample size and kidding themselves they're chrushing it oh and that they have major leaks in their game which they won't try to correct untill they hit a big downswing.

I think you're kidding yourself about being ready for the higher stakes. Prove me wrong by logging the hands and EARNING the cash to move up.

Quit blowing cash on alcahol, you puke it up the next day and can't even remember if you had a good time.

i'm 18 if that makes a difference.

[Atropos]

I think your Poker Bankroll is only the money you have at the pokersites and you can afford to lose. I am in a quite similiar situation: I got around 11k in poker money, which I won from starting with 50$ and do not need for anything. I play the 400 NL Cashgames. In January I will get around 60k from my parents, money which is supposed to finance my living for the next 6 years at the university (In Germany you dont have to pay for university, so it's just appartment, food etc...).
I could use that money for playing heads-up against Mahatma for one day though [img]/images/graemlins/wink.gif[/img]

[SmackinYaUp]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
You spend $550 a month on just food and drinks? Cut it down to $300 and you have an extra $250 to play with.

[/ QUOTE ]
Depending on where you live, this can vary from difficult to impossible.

[/ QUOTE ]

Yeah 300 is the minimum drinking and eating for 1 week...never mind 1 month.

[/ QUOTE ]

Its called a loaf of bread and a pound of turkey.

300 the minimum my fat, disgusting, hairy, pimply ass. Peoples' lack of money management skills constantly surprises me.

[MicroBob]

$42/day for food/drink every freaking day strikes me as pretty high no matter where you live.

Then again, NBA and MLB players get something like $150-$200/day cash per-diem for road-trips I think (as if they couldn't cover it on their own).


If you're a business-person eating-out and eating out every day (and meeting clients, etc) then obviously you would need even more than that amount.

but if you live at home and have a fairly normal job and normal expenses then I just don't see why you would need that much.