Bankroll Management for b

Bankroll Management (2)



THE BANKROLL RULES

Rule 1: Deposit a maximum of $50 per month.

To start building your bankroll you must first develop respect for your money. The best way to create respect for your money is to apply a penalty for losing your initial deposit. Do this by limiting the frequency of your deposits. Start with a deposit of $50 and only allow yourself to redeposit once per month. If you lose your deposit, move to the play money tables until the next month. However, by applying Solution 2 in addition to the playing strategies I will teach you in the lessons to come, you might never need to deposit money again!

Rule 2: Apply the 5% and 25x rules.

The 5% rule is simply this: do not commit more than 5% of your bankroll to any one sit 'n go buy-in. By limiting your buy-in to 5% of your bankroll, you will limit your losses for any one event. In addition, as you build your bankroll, this rule will allow you to move up in stakes. However, if you begin to lose money at the higher stakes, the 5% rule will also "force" you to move back down. The one exception to this rule--you can always play at the $2 level, regardless of your bankroll. In addition, do not move up to the next level until your bankroll is at least 25x the buy-in. By using the 25x guideline you will give yourself a few shots at winning at the next level before the 5% rule forces you to move back down.

For example, if your initial deposit is $50, you should start by playing the $2 sit 'n go tournaments. Stay at the $2 level until you grow your bankroll to 25x the next level buy-in. So if the next buy-in is $5, do not move to the $5 level until you have grown your bankroll to $125. I realize that 5% of $125 is more than the $5 entry fee; you want to give yourself a little buffer to start winning at the next level. However, if you have problems winning at the new level, you must apply the 5% rule and drop down to a lower level if your bankroll drops below $100. By applying the 5% and 25x rules you will ensure you are always playing at a level appropriate for your bankroll.

Important Note: The 25x rule works great when you are starting out at the lower limits. However, once you build you bankroll and start playing at higher limits, say $20 and above, or start playing multiple tables, I recommend a larger bankroll to protect against downswings. Consider staying at the $20 level until you have 50x the next buy-in.

Rule 3: If you lose 3 times, quite for the day.

To avoid going on tilt due to bad beats or a run of bad cards, the solution is simple--stop playing! If you lose 3 times in a row, quit for the day. By quitting, you will stop the trend (at least for that day!). The next day when you start playing again, your frustration will have lifted and you can approach the game with a clear mind. By applying the strategies outlined in the following lessons, it will be unusual that you will experience this issue two days in a row. But if that does happen, you might want to take a few days away from the game. Going on tilt can destroy your bankroll. It is better to sit out for a few days than to give back the profit that you have so carefully earned.

Rule 4: Withdraw 10% Per Week

Once you build your bankroll go over $1500, it is time to start rewarding yourself for your efforts. I strongly recommend that you withdraw 10% of your total bankroll every week. That might seem like a lot but it only represents two buy-ins (if you are following the rules above!). Withdrawing money does two things. First, it protects the money (you can't lose what isn't in your online account). But more importantly, it rewards you for your hard work.

CONCLUSION

As I mentioned in my introduction, I went broke numerous times trying to learn the game. As I look back on my failures, each time can be attributed to breaking one or more of the rules outlined above. However, I have not gone broke since I adopted the rules. Obviously I can not force you to apply these rules--I can only encourage you to adopt and apply them to your bankroll. Here they are again:



Deposit a maximum of $50 per month.
Apply the 5% and 25x rules (50x at higher stakes).
If you lose 3 times, quit for the day.
Withdraw 10% per week.
Although critical, there is more to building a successful bankroll than effective bankroll management. You must also learn and apply the strategies that will set you up to WIN. I will begin outlining the strategies in the next lesson.

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*taken from http://www.sitngotraining.com

HOW TO SELECT THE RIGHT Sit 'n Go's ?

Selecting the "Best" Sit 'n Go's

How do you measure sit 'n go poker tournaments and determine which is the best? What makes one sit 'n go better than another. Well, that depends on what you are trying to achieve through playing sit 'n go tournaments. If your goal is to play with your buddies from your regular home game, playing at the same site during the same sit 'n go is the "best" for you. If you love to play the lottery, than picking sit 'n go’s that are long shot wins might be “best” for you. However, if your goal is to use skill and patience to make money playing poker online, there is one criteria that overrides everything else—a slow blind structure.

Slow Blind Structure
Sit 'n go poker is different than cash games in that the blinds increase on a scheduled basis. The amount and duration of the blind increase is referred to as the blind structure.

In the upcoming strategy lessons I will teach a tight and aggressive playing style. A tight style is one in which a player primarily selects premium pre-flop starting hands. However, barring the occasional rush, these premium starting hands do not come along that often. In order to have ample time to get the good premium starting hands you must select sit 'n go tournaments with a slow blind structure. Slow blind structures favor the skilled player while fast blind structures favor luck over skill. This does not mean that you cannot play sit 'n go’s with fast blind structures (Turbo events); however, these fast events require a different playing strategy than is outlined in these lessons.

High Volume
Another important consideration is the number of people playing at each site. If the site has a low volume of players, you might have to wait a considerable amount of time for a sit 'n go tournament to fill up and start. So you want to select a site with a high volume of players. This is particularly important when you move up to the higher buy-in levels where the player pool is much smaller. In addition, sites that accommodate players from the US typically have higher volume than those that do not.

The Verdict
Of the poker sites that accept US players, Full Tilt and Poker Stars have the best blind structure and the most volume. Full Tilt has a slightly slower blind structure than Poker Stars and is therefore considered the best structure for sit 'n go's. Poker Stars is currently the largest site and is considered the highest volume for sit 'n go's. You will do fine picking either or both sites.

Sign-up Bonuses
Both Full Tilt and Poker Stars offer sign-up bonuses. A sign-up bonus is an incentive offered by the site to encourage you to open an account with them. Typically the site will match your initial deposit up to a certain amount and release the matched amount in increments as you play on their site. Only sign up with sites offering a 100% bonus, otherwise you are leaving money on the table. If you do not have an account at Full Tilt or Poker Stars I have included links below will get you the sign-up bonus.






Full Tilt Poker:
Best Structure
for Sit 'n Go's


Poker Stars:
Highest Volume
for Sit 'n Go's

Once you have an account set up, you are ready to learn and apply the winning strategies for sit 'n go tournaments. During the next lesson we will discuss EV and M-Zone and why these two measurements are important to a winning sit 'n go tournament strategy.

*All this post was taken from sitngotraining.com...to find out more go to sitngtraining.com

POKER Book Recommendations

Book Recommendations

Shopping Cart Poker Books
Poker

Sit 'n Go Strategy
by Collin Moshman
$16.47 How to Beat Sit 'n' Go Poker Tournaments
by Timothy Neil
$10.17 Earn $30,000 per Month Playing Online Poker...
by Ryan Wiseman
$13.57

Harrington on Hold 'em Expert Strategy for ...
by Dan Harrington
$23.48 Harrington on Hold 'em Expert Strategy for ...
by Dan Harrington
$19.77 Harrington on Hold 'em: Expert Strategies f...
by Dan Harrington
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Phil Gordon's Little Green Book: Lessons an...
by Phil Gordon
$14.28 Phil Gordon's Little Blue Book: More Lesson...
by Phil Gordon
$14.28 The Full Tilt Poker Strategy Guide: Tournam...
by Andy Bloch
$19.79

Video for beginners

If you are NEW to Texas hold'em please watch video at the top of the page...it will help you a lot in understanding the game better...

its been done by Phil Gordon - one of the best poker authors out there now

NO MORE PAYTRU CARD ON POKERSTARS

For some unknown reason to me Pokerstars has changed the way you can deposit funds again...Meaning you CANT use paytru card anymore!!!Why?
I have no idea,there better be a good reason for that since that was the only way i could deposit funds on their page.
Does anyone else have the same problem?

January in Tunica

I just booked my trip to Tunica , MS from 12.08.2008. to 12.12.2008.
and I'm looking forward to play my first WSOP circuit event...
Here is the rest of the schedule for the WPT circuit event at Gold Strike casino Tunica:
2008 WORLD POKER OPEN (WPT)
01-03-2008 to 01-23-2008
Gold Strike Hotel Casino
1010 Casino Center Drive - Robinsonville, MS
COMPLETE TOURNAMENT SCHEDULE
EVENT DATE & GAME TYPE BUY-IN + ENTRYDAY 1 START TIME
Fri, Jan. 04
No-Limit Hold'em Event 1 $300 + $40
10:00 AM PST
to see more go to cardplayer.com

ANYBODY GOING TO TUNICA IN JANUARY FOR WSOP CIRCUIT EVENT?

ANYBODY GOING TO TUNICA IN JANUARY FOR WSOP CIRCUIT EVENT?

I AM....I cant wait for it anymore...started saving money long time ago.
That would be my first WSOP tournament and i cant wait to play .
Buy-ins start from 300$+30$ and go up all the way to 10.000$-500$...so get ready
and see you in Tunica in January(from 01.03.2008 thru 01.22.2008.)
you can find more info at cardplayer.com...


2008 WORLD SERIES OF POKER CIRCUIT - GRAND CASINO TUNICA
01-03-2008 to 01-22-2008
Grand Casino Tunica
13615 Old Highway 61 North - Robinsonville, MS

PokerStars Caribbean Adventure

PokerStars Tournament #63875870, No Limit Hold'em
Freeroll Super Satellite
10000 players
$2019.50 added to the prize pool by PokerStars.com
Total Prize Pool: $2019.50
Target Tournament #62540290
200 tickets to the target tournament
Play for Millions with Daniel Negreanu in the Bahamas!
Daniel Negreanu is one of the most famous names in poker and if you play your cards right you could join him in the Bahamas to play in the PokerStars Caribbean Adventure for millions in prize money.

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• $8,000 buy in to the PokerStars Caribbean Adventure
• 7 nights accommodations at the Atlantis Resort and Casino
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• Poker training with Daniel Negreanu
• More than 125,000 cash prizes from $1 - $600

Best of all, it’s completely free to enter.

And i did try...what happened next i was 95th and i did qualify for round 2(which is next saturday 11.24.2007.),and if i by some miracle win that one i will play in round 3(which is 10 people including negreanu himself playing for grand prize)

sumary of round 1 i played today:

Tournament started - 2007/11/17 - 18:30:00 (ET)

Dear sahan11yu,

You finished the tournament in 95th place.

You qualified to play in Tournament #62540290 and are automatically
registered for it.

If you decide to un-register, a tournament ticket will be issued in
your name,
valid for the tournament #62540290.

See Tournament #62540290 Lobby for further details

TUNICA 2008. WSOP Circuit event

Is anybody planing to go to Tunica in January?
I am...there will be plenty of affordable tournaments(I'm talking about 200$-300$ buy-ins) and that's a perfect chance to see where I'm at in texas holdem NL game.
As for the records i have not even two years of experience , but I've been playing cards since i remember myself...good luck everybody...the new King is coming!!!hehe
Just kidding , but iam looking forward to be in Tunica in January 2008.

sit-n-go online tournaments and how to play them!!!

Can you get rich just playing sit-n-go's online?
The answer is VERY UNLIKELY!!!
Even if you are one of the best players , most of the time the blinds are so quick so you cant keep up with that pace...Once you are ALL-IN you'll either get lucky or knocked out (outdrawn by some lucky aggressive idiot that plays every single hand)...
Most of sit-n-go tournaments on Pokerstars are 15 min. blind levels at best(i mean the slowest when i say the best), i don't know about other websites but that is pretty fast when you start with 1500$ in chips...so you have to have a plan and of course some strategy...that's why when i have a choice to invest 5$ on either sit-n-go that pays for 1st place 450$(180 players) , or to play a regular tournament where if there is 1000 players the 1st place is at least 1800$ to 2000$, i choose second one.
But there are some good poker sit-n-go tournaments strategies and when combined with tracking your opponents performance at sharkscope.com you can do pretty good at sit-n-go's...just beware...even if you get to final table you have to be in first three spots to get a bigger cut...otherwise you'll be barely making any money.

next time I'll write on more specific strategies for sit-n-go's...

fulltiltpoker the best poker room online

I just downloaded fulltiltpoker software and started playing immediately...
The graphic is great , much much better then pokerstars...and their tournaments selection is also very good.
You can easily navigate their main lobby so go ahead and give yourself a break from other boring poker places and DOWNLOAD fulltiltpoker.As soon as you start you'll see what I'm talking about.
They are the only place online that give you up to 600$ extra when you sing up(that's if you deposit 600$)...pokerstars gives you only 50$...so you tell me which deal is better?