Bankroll Management...
Quick Update...
I didn’t spend much time playing last night which was probably a good thing. The last several nights I’ve been up rather late playing out these recent final tables. An early night to bed was very much needed. I can actually hold my eyes open today.
I hope to keep my momentum going strong tonight. I’m considering stepping outside the box for the $160 MTT this evening. I haven’t decided yet. When my bankroll was healthy last year, I had great success in this tournament but have not made any recent appearances in it. We will see where the evening leads me.
Today’s Topic…
I wanted to speak on bankroll management and extracting from that bankroll. I am a huge proponent of keeping your poker bankroll entirely separate from your normal funds. Everyone does it a little bit different, but I’ve been fairly faithful to that line of thinking. When I pose this question to the mases, I’m never really sure how to interpret their response. Everyone seems to think they’re a winning player and seem to want to impress you with how much they are tucking away. I really don’t think I’m getting accurate information. However, I’ve been considering the following.
In the spirit of keeping poker earnings separate from personal savings, I’m considering paying myself a percentage of my bankroll on a weekly basis. This would not be used for personal expenses per say, but would be deposited into a savings account separate from all other accounts. In the past, I would just allow my roll to stay with whatever poker site I have it in…but keeping it like this prevents me from playing in local action as I play online more these days than I do offline and my online roll is much larger than my offline roll.
Thoughts? What percentages would be wise to deduct? Stay as is? Perhaps if it’s not broken, I shouldn’t be messing with it…but I figured this was worth considering.
Winning Online Poker Tournaments - Part 3 Should be up tomorrow if all goes well. In the meantime, be sure to check out Parts 1 and 2
Technorati Tags: bankroll management, wsop, poker, World Series of Poker, tournaments
I didn’t spend much time playing last night which was probably a good thing. The last several nights I’ve been up rather late playing out these recent final tables. An early night to bed was very much needed. I can actually hold my eyes open today.
I hope to keep my momentum going strong tonight. I’m considering stepping outside the box for the $160 MTT this evening. I haven’t decided yet. When my bankroll was healthy last year, I had great success in this tournament but have not made any recent appearances in it. We will see where the evening leads me.
Today’s Topic…
I wanted to speak on bankroll management and extracting from that bankroll. I am a huge proponent of keeping your poker bankroll entirely separate from your normal funds. Everyone does it a little bit different, but I’ve been fairly faithful to that line of thinking. When I pose this question to the mases, I’m never really sure how to interpret their response. Everyone seems to think they’re a winning player and seem to want to impress you with how much they are tucking away. I really don’t think I’m getting accurate information. However, I’ve been considering the following.
In the spirit of keeping poker earnings separate from personal savings, I’m considering paying myself a percentage of my bankroll on a weekly basis. This would not be used for personal expenses per say, but would be deposited into a savings account separate from all other accounts. In the past, I would just allow my roll to stay with whatever poker site I have it in…but keeping it like this prevents me from playing in local action as I play online more these days than I do offline and my online roll is much larger than my offline roll.
Thoughts? What percentages would be wise to deduct? Stay as is? Perhaps if it’s not broken, I shouldn’t be messing with it…but I figured this was worth considering.
- Thanks to BSN over at bigslicknuts for stopping by. Appreciate the link about Moneymaker vs. Farha.
- As always, many thanks to CC for droping by recently. Check out today's follow up on the catalysts of poker discussion from yesterday.
- Great to see Rod back from his perfect wedding in Jamaica.
Winning Online Poker Tournaments - Part 3 Should be up tomorrow if all goes well. In the meantime, be sure to check out Parts 1 and 2
Technorati Tags: bankroll management, wsop, poker, World Series of Poker, tournaments
J, you are a living legend!
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Anonymous |
2:54 AM