Robbing the Bank

Now now children, sit down, its time to start the lesson. Jones, I told you to take that crayon out of your nose, it won`t help dislodge the action man hand you stuck up their yesterday, just leave it alone!

Okay, so its that time for a lesson. And that lesson is Bankroll management. Yes you can all stop yawning and moaning, I know its boring, but it has to be talked about.

Well that was the plan 2 weeks ago anyway. Two weeks ago my pot stood at a healthy $440, however during a most ridiculous run of bad luck (straights from no where beating aces, and more annoyingly being beaten by a bloke three times with Jacks each time). So now my pot stands, ridiculously at the exact same it did this time last month $378. However to loose that much in a run in two weeks has been gutting.

I will however mention bankroll management. Proper poker money management suggests that, so as not to go bankrupt, but at the same time not to take years to earn some money, that you should always work on the principal of playing at a level that equates to 30 times your buy in. So for example if you were to play in a 10 player $10 sit and go, you would need to have $300 in your pot to make sure you are able to deal with the ups and downs and show a good profit with good poker.

Now any of you paying special attention (or even reading any of this diatribe) will realise that my pot is currently $378 but I am playing at $5 sit and go level. Clearly way under the level I should be playing at. Well what can I say I am a cautious soul... and if you met my parents where risk is having a chinese rather than indian takeaway on a Friday night, you`d understand why.

Originally I had been hoping to be at around the $500 mark when writing this, and as such suggest that I work on the principal of playing at 50 times the buy in. However what has been concerning me is the quality of players I have been playing recently. Namely they are bad and lucky. I don`t mean this as a sob story, but its beginning to take the piss. So, dear reader, the decision has been to take an even between the two. I will start playing at 40 times the buy in. Which means, if I reach $400 by my next blog post, I will be playing in the $10 buy in. Holy crap! Admittedly with the exchange rate as it is that probably works out at 30p, but thats beside the point.

Wish me luck people - if there are any of you out there!

Oh and feel free to write a comment on any of this drivel. Otherwise I wonder if I am just talking to myself. My therapist doesn`t think thats a good thing. Neither do the other three voices in my head.

Byeeeeeee.


Pot total: $378 (0 increase from last blog)