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Bank roll management - good or bad its all relative

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  • Bank roll management - good or bad its all relative

    Hi all

    I replied to another PSO who was thinking of giving up playing online.

    The question of bank roll management crept in and i said that they should forget bank roll management and next time they deposited play half there deposit on one tournament.

    I stated bankroll management is not needed if your a recreational player.

    A few people queried this and also stated that with no bank roll management you become a loser.

    Facts as i see them.

    1.If you are a recreational player you should understand that if you deposit say $50 and play lots of $1/2 sng's, tournaments it will a long time before you make any money.

    2.Recreation - means an activity that promotes refreshment of health and spirits by relaxation and enjoyment

    3.Spend half your deposit on one tournament because you have the same mathematical chance of winning as some one else and if you make a final table you will be rewarded by having extra funds to play bigger tournaments.

    4. Some players may only have $10 a month to spend while others may have $1,000s money is all relative to what you can afford but if you deposit what you can afford to lose, if you win you will be happy if you lose it is not the end of the world.

    5. The majority of poker players are losers, without the losers there could be no winners

    6. Recreational means enjoyment

    7. Been a recreational player should be about enjoying the game.

    8. As someone said on the forum if your a recreational player without bank roll management - your a loser

    Totally wrong - i am a recreational player, i don't use bank roll management - yet i play most nights and am a winning player see my blog for factual stats.

    What i would say is that what ever you deposit you should be happy to lose - not everybody can be a Phil Ivey.

    And remember that 90% of the pros are bank rolled by others, i know because in the past i was in a small syndicate which bankrolled one of are really good players who has had several $100k wins.

    To all recreational players, please remember the meaning of the word - and don't forget you can still be a good winning recreational player.

    Good luck on the tables

  • #2
    Originally posted by mikekbkl View Post
    Hi all

    I replied to another PSO who was thinking of giving up playing online.

    The question of bank roll management crept in and i said that they should forget bank roll management and next time they deposited play half there deposit on one tournament.

    I stated bankroll management is not needed if your a recreational player.

    I'm a recreational player and it took me 7 years to realize I can have the same fun without depositing if I follow good BRM

    A few people queried this and also stated that with no bank roll management you become a loser.

    Are you saying this is not true (I don't think you are just wondering if I missed a point)

    Facts as i see them.

    1.If you are a recreational player you should understand that if you deposit say $50 and play lots of $1/2 sng's, tournaments it will a long time before you make any money.

    You should but lots of players don't...Is the goal of a recreational to make a lot of money or have fun....this is the crux of the BRM or not debate for me. If it is then you need BRM if not then Enjoy. I assume anyone who is access PSO wishes to become a winning player and one of the keys is good BRM.

    2.Recreation - means an activity that promotes refreshment of health and spirits by relaxation and enjoyment


    3.Spend half your deposit on one tournament because you have the same mathematical chance of winning as some one else and if you make a final table you will be rewarded by having extra funds to play bigger tournaments.

    EKKKKKKK DANGER DANGER Will Robinson.........The only time this is true is if skill has Zero to do with poker. In order for it to be true you need to be playing a heads up flipperment (not a hyper turbo a true flip) I don't disagree with you say to the friday night I have $20 bucks to blow player go ahead and enjoy it but to suggest they have an equal chance to cash is not true.

    4. Some players may only have $10 a month to spend while others may have $1,000s money is all relative to what you can afford but if you deposit what you can afford to lose, if you win you will be happy if you lose it is not the end of the world.


    Does this mean we should not try to stretch our money, if i stop depositing I can take the misses out for an extra meal and a movie after all (insert thing you do with "spare cash here")


    5. The majority of poker players are losers, without the losers there could be no winners

    For sure is true but is this a good reason to not use BRM

    6. Recreational means enjoyment

    Please see previous response

    7. Been a recreational player should be about enjoying the game.

    ditto 6.

    8. As someone said on the forum if your a recreational player without bank roll management - your a loser


    Totally wrong - i am a recreational player, i don't use bank roll management - yet i play most nights and am a winning player see my blog for factual stats.

    You are up over your life time playing poker, Congrates this makes you one of the rare ones and yet if you take half of all you have won and enter 1 Tournament and lose.....I would guess you would soon be a losing player over your lifetime of poker.


    What i would say is that what ever you deposit you should be happy to lose - not everybody can be a Phil Ivey.

    I can afford to lose it but I would not say I'm happy about it.

    And remember that 90% of the pros are bank rolled by others, i know because in the past i was in a small syndicate which bankrolled one of are really good players who has had several $100k wins.

    Very very good BRM by them
    To all recreational players, please remember the meaning of the word - and don't forget you can still be a good winning recreational player.

    [COLOR="red"But not by hoping for the best.....good bankroll management will not prevent you going bust, yet hoping you have an equal chance as everyone else sure will.][/COLOR]

    Good luck on the tables
    ty Mikekbkl,

    A well thought out piece as I'm sure you were expecting not everyone will agree, I have no Problem with the concept of depositing and playing for fun and reloading, but I do disagree with telling recreational players taht they can bink something as they have an even chance. Anyway my replies are in red makes for a good discussion point.


    Grade b
    I am always ready to learn although I do not always like being taught. ~Winston Churchill

    13 Time Bracelet Winner


    Comment


    • #3
      I agree with Grade B, I am a recreational player, I use BRN in the sense that I limit myself to how much i deposit each month. Am I happy I am losing over all lifetime ... NO I am not. Do I enjoy the games and the discussions about poker here in PSO yes I do. would I give it up , playing poker I might do but for learning from others no I wont. BRM is key and although there is some logic to what you say, doesn't mean its the right logic
      Double Bracelet Winner

      Comment


      • #4
        Hi Grade B

        Some of your points are valid, in answer to one of your questions, i spent 10 years been a recreational gambler on the horses, had a great time and always made a modest profit each year.

        I played live cash games for 3 years and had a great time and made a modest profit.

        I took up poker 3 years ago and i will admit see my blog that i have lost several hundred dollars on Pokerstars. Fortunately i have more than made up for this by winning on my three other sites which i normally cash out every month. I have also won a few live tournaments.

        I am fortunate that if i wanted to enter any large tournament i could buy in, but i class myself as a recreational player and to be honest i dont mind if i lose. Remeber when you lose you make someone else happy.

        Its not all about the $$$$$.

        That said as i have always made a return on my investment -

        Poker should be fun, enjoyable and relaxing, hence the meaning of the word recreational, perhaps we should find a different name.

        Ideas on a postcard.

        Keep playing well

        Mike

        Comment


        • #5
          Hi all,

          Have done a little research, came across the story of Gavin Griffin The first Triple Crown winner in 2007. In 2011 he was playing $8-$16 in a small casino where he was hoping he wouldn't be reconised (not as an angle, but because he was embarrassed as he had gone broke.

          If you search Gravin Griffin on google you can find his story.

          Grade b
          I am always ready to learn although I do not always like being taught. ~Winston Churchill

          13 Time Bracelet Winner


          Comment

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