JavaScript must be enabled for Sign In.
Please check your broswer settings.

Home \ Community \ Blogs \

Grinding till I Live it

Making the dream come true! My adventure to the top
Send PM
/Jul/2015

Setting myself up for success

By: wsophock @ 20:19 (EDT) / 155 / Comment ( 2 )

Starting bankroll: $106.82

Ending Bankroll: 106.00

 

 

Well I skipped blogging yesterday as most of it was spent cleaning my apartment and getting it ready for a friend who is visiting me. Nothing exciting happened all that much, but I did play a couple of games while waiting for her at the train station. I lost a couple of $3.50 SNGs and three $1 spin and gos while waiting hoping to get lucky while risking minimal. I ended up winning one of the games. 

 

Today I went to an amusement park with a group I'm in and it was a fun day. The day lasted until 4pm and now I'm back home and considering my next move for poker. I got an interesting comment on my last blog questioning me about my bankroll management, and also mentioned something about my overall ROI which was a very good question. 

I didn't know the answer to both of these questions. I did defend my BR management, but am aware it is not the best, and sometimes I take shots when I'm not supposed to. I am far from perfect. But I want to know these answers. When you're in a business you need to know what your profit lines are, what your ROI is, and what your competition does to stay ahead of you. So I before I play anymore I need to make a legitimate plan to follow to the T. I'm setting myself up for success. I might be a losing player, and I'm not the best player in the SNGs I'm playing. But it's time to set some guidelines instead of just openning up Stars and playing until I'm done winning or go on tilt.

 

I've used PokerProLabs to track my results and they say I'm at a whopping 0% ROI. Profit of $0.39 in 126 games(That's including MTTs and SNGs) and with just SNGs I have a profit of -$8.73 for a -4% ROI (including 18 people SNGs), and even worse in the 9 handed games alone. I also know the free version of tracking stats aren't the 100% best either. They aren't bad and are pretty accurate, but I want to know for sure, for sure the numbers are right.

I found a tracking spreadsheet for Excel through Google from a poker forum site. It might be a little outdated, but it seems to be well set up and very easy to use and understand. Just change the dates from 2006 to 2015 and the numbers i wouldn't think have changed. Now I'll have my own tracking system running with 100% accurate Stats.

Though he has a bad name nowadays since the Full Tilt debacle, I still have a respect for Chris Ferguson, and most importantly, I respect his Bankroll challenge of turning $0 into $10k. Though it took him a long time to complete the challenge, he also was very busy with his duties and playing poker for money that is much more significant to him than the micros he had to grind through. The number 1 lesson I learned from him, and his run, was his bankroll management for this challenge. I'd like to hear opinions of you, the readers, if you agree with these numbers. It's the numbers I've been using most recently for my BR rules. Though I have gone outside of the numbers on my $11 dollar buyin during the Micro Millions, I believe that was the only buy-in within this money that I really stretched on. 

Here are Ferguson's rules:

 

I'll never buy into a cash game or a Sit & Go with more than 5 percent of my total bankroll (there is an exception for the lowest limits: I'm allowed to buy into any game with a buy-in of $2.50 or less).


I won't buy into a multi-table tournament for more than 2 percent of my total bankroll and I'm allowed to buy into any multi-table tournament that costs $1.


If at any time during a No-Limit or Pot-Limit cash-game session the money on the table represents more than 10 percent of my total bankroll, I must leave the game when the blinds reach me.

------------

One difference for me is I'm likely to not buy in for a cash game. I am not a cash game player and my game play is considerably better for tournaments and SNGs. I think it works well for me but as mentioned I'd like your opinion.

I ended up playing one small tournament for $0.82 cents. Most definitely in my bankroll haha, but I tried shoving my 54 of hearts on the button into 2 limpers with 250/500 blinds and was called and lost to someone with A2. 

 

In order to comment, you must login or register.
Take Quiz
New here? Take our Poker Assessment to start your education.
already a member? sign in here
JavaScript must be enabled for Sign In.
Please check your broswer settings.
Learn From basics to advanced strategy
Practice Improve your skills with our trainers
Win! Establish yourself as a winning player
/Featured Promotions/
Progressive Jackpot Progressive Jackpot Playing our new 'Scratch & Match' game is free and very easy. If you match 3 symbols you win a prize!!!! View details
Earn 10 Tournament Tickets Today! Earn 10 Tournament Tickets Today! Invite your friends to join Poker School and you could earn up to 10 tournament tickets as a reward! View details

Getting PokerStars is easy: download and install the PokerStars game software, create your free player account, and validate your email address. Clicking on the download poker button will lead to the installation of compatible poker software on your PC of 51.7 MB, which will enable you to register and play poker on the PokerStars platform. To uninstall PokerStars use the Windows uninstaller: click Start > Control Panel and then select Add or Remove programs > Select PokerStars and click Uninstall or Remove.

Copyright (c) PokerSchoolOnline.com. All rights reserved, Rational Group, Douglas Bay Complex, King Edward Road, Onchan, Isle of Man, IM3 1DZ. You can email us on support@pokerschoolonline.com