1/3 Grinding and Bankroll

1/3 Grinding and Bankroll

Hi all,

First post in this specific forum. Normally post in NL Strategy. Hoping for some feedback about bankroll management.

I started playing 4-5 times a week at MGM National Harbor in March after a few months off. Previously I had been playing at MD Live and lost most of what I had won (around $1,200). Anyway, I took $200 to the casino and tried my luck. No bankroll to start really.

I had a great March (+$3,000) but a terrible April (-$3,000) after trying 2/5 and losing $1k and a horrific 24-hour session where I dumped $1,800 in just cooler after cooler (set over set, AK into AA, nut flush v. boat, etc.). This month I'm up around $1,000 so far. Any tips about bankroll management that can keep me from losing it all again? Do you set some of your winnings aside for example?

I have a somewhat steady income outside of poker but my goal is to make poker a supplement to that income and not just a break-even hobby.

Appreciate the feedback.

Thanks,
DT

) 53 Views 53
07 May 2018 at 09:28 PM
Reply...

1333 Replies

5
w


Been very sick, could not make it out in fact. Third time I’ve gotten sick in the past two months…a first for me.

Been resting at home a bunch.

$48,591 to go. Lost wrap nfd to top set and started feeling terrible from the cold and called it a session.


I have a 5/5 with a ten dollar rock plo 5 game near me and I'm wondering if you would suggest buying in short to this game. From what I hear most people don't suggest short stacking but that is my only option for this game because of how big it is. Does your guide go over short stack play for five card?


So sorry. Being sick sucks. I hope you get well very soon! Or at least feel better 😀


by freelunch k

I have a 5/5 with a ten dollar rock plo 5 game near me and I'm wondering if you would suggest buying in short to this game. From what I hear most people don't suggest short stacking but that is my only option for this game because of how big it is. Does your guide go over short stack play for five card?

Not a whole lot but generally you need to be willing to commit lighter on more flops as the spr will be lower for you and you need to be willing to go all pre in more to set up a re-jam for the initial raiser and squeeze out the callers (if that’s a thing in your games). Otherwise just wait for premium 3! and get it in. Eventually you will run it up so the guide could still be useful. (Unless you plan on hitting and running in which case you might not get invited back.)


by Javanewt k

So sorry. Being sick sucks. I hope you get well very soon! Or at least feel better 😀

Thanks. Starting to feel better. Reading the center cannot hold by elyn saks, gifted legal mind and suffers from schizophrenia.


by DumbosTrunk k

Thanks. Starting to feel better. Reading the center cannot hold by elyn saks, gifted legal mind and suffers from schizophrenia.

Most gifted legal mind I knew was a guy from New Mexico... Charles McGill. He tragically died in a house fire.


Had dream I was at a public defenderÂ’s office and my supervisor was going insane. I asked for a different supervisor. Seems are strangely apropos. I had a nicer one where I was playing sports on a big field in the sun with some cute guys and at a house party making jokes with some friends including a reg in my Omaha games. (Couple of the Omaha bros have made appearances lately.) strange how reality and the surreal collide in our subconscious . . . I wonder if there is a connection to mental illness that explains the living nightmares experienced with schizophrenia or the mania of bipolar. Are these just manifestations of our unconscious mind under stress while we are awake?

Reflecting on the book which I finished in a day, I see some similarities between me and the author. We were both terrified at night before bed as children and had rituals to keep the evil forces at bay. We had a pretty good upbringing. We didnÂ’t want financially and were secure of the necessities of life like food and shelter thanks to our families.

We were both pretty prolific writers, though she moreso than me. She had higher scholastic achievements attending more prestigious grad schools like Oxford and Yale Law. Despite her intellectual rigor she battled early on with staying on her medicine which was the only way for her to stay sane. She could not handle giving up on her sanity and admitting it was no more. I pretty quickly got on and stayed on my meds to this day for the same reason she eventually did: because I knew they were working to keep me mentally healthy. It might have helped to have a dad as a doctor or not to be the best and brightest of the legal profession which I can understand might make it harder to acknowledge that there is actually something wrong with your brain.

She wrote to book to inspire others with her condition like me and give us hope. But she somberly cautions that not everyone can end up like her though. SheÂ’s obviously brilliant and came from a well to do family.

My biggest takeaway was that she viewed the disorder with a lot of shame and embarrassment and that stemmed from the stigma associated with the illness. The news always headlines the rare horror stories or people off their meds doing terrible things out of fear and desperation. She didnÂ’t want people who knew her condition to make unfair assumptions about her or to repel her. So she kept it a secret until she finally came out slowly to friends here and there and finally to everyone with the book - but not after achieving all her legal accomplishments relatively undetected . By contrast I had to disclose my illness on my federal government m questionnaire when I applied for my job over a year ago - I could not bring myself to lie. I didnÂ’t get through the background check. I donÂ’t know if that is the reasons. They never told me. I told my last potential employer too. I also told friends here and there over the years. But I also told everyone here, and some readers know me from my poker room. I don’t feel nearly the same shame she did, although I acknowledge there is stigma.

Elyn marveled at the end of her book that so many courageous young students were out and open about their illness at a symposium and that made her happy. Removing the stigma slowly. I hope IÂ’ve done the same here to an extent by showcasing my legal and poker success. We still have a lot to offer to the world despite our illness. It’s treatable and with treatment we are capable of a lot.


by TheFranz k

Most gifted legal mind I knew was a guy from New Mexico... Charles McGill. He tragically died in a house fire.

HeÂ’s a fictional character. WeÂ’re talking about real people. Have a little respect. We donÂ’t all die tragic deaths either.


Given my pending job application, the other thing that really resonated with me in the book was her desire to help other people like her. She published many scholarly articles on various subjects like restraints consent and competence for people with mental illness. Her personal extremely negative experiences with hospitals obviously motivated her to make it a better experience for people who entered them after her. She thought she was better qualified to help them because of her lived experience and so do I. She’s an inspiration.


Up $1,907 last night thanks to a set and QQ>AA at 5/10/25. $46,693 to go. Was feeling up to playing but by the end of the night was completely exhausted.

Got good sleep though. Happy MLK Jr. Day! May we all look past our differences and lift each other up, especially the historically marginalized amongst us.


Have you heard about the Tom Goldstein scandal. As a lawyer what's your take on it?


by freelunch k

Have you heard about the Tom Goldstein scandal. As a lawyer what's your take on it?

Indictments are not evidence. So innocent until proven guilty. We will have to see how the case unfolds. If it’s all true then he used poor judgment and poker had its way with him and got out of control. We don’t know the whole story so I’d rather not comment beyond that.


by DumbosTrunk k

I love these pictures. Genuinely captures a mood. In photography this type of photo is called the 'golden hour'.

Seeing as you booked a winning session; looks like it was your 'golden hour.' Good job.


by DumbosTrunk k

I am recommencing my $100,000 br challenge again to start the new year where I left off, $46,993 to go.

Inspired by your challenge, I will also be starting my $1k to $10k BR with PLO5 at the Harbor soon.


by YokaiPoker k

Inspired by your challenge, I will also be starting my $1k to $10k BR with PLO5 at the Harbor soon.

Good luck. The games are not what they used to be. You missed the golden years. The money is all at higher stakes now. I’m not even sure my run last year is possible in the current state of the games, the biggest winners all made the action players go broke.


by YokaiPoker k

Inspired by your challenge, I will also be starting my $1k to $10k BR with PLO5 at the Harbor soon.

This sounds like fun. I will do a plo national harbor challenge too. Start with 200 and not stop, never stop till I reach 327,000.


by TheFranz k

This sounds like fun. I will do a plo national harbor challenge too. Start with 200 and not stop, never stop till I reach 327,000.

That’s going to take you several years if not over a decade playing full time. Or never.


by DumbosTrunk k

Good luck. The games are not what they used to be. You missed the golden years. The money is all at higher stakes now. I’m not even sure my run last year is possible in the current state of the games, the biggest winners all made the action players go broke.

Dang is the competition that tough now? Can't run 1k to 10k :(


by TheFranz k

This sounds like fun. I will do a plo national harbor challenge too. Start with 200 and not stop, never stop till I reach 327,000.

Good luck man!


by YokaiPoker k

Good luck man!

Good luck to you too ,mate. Looks like dumbo has no faith in us. Time to put in that work.


$45,925 to go. Ran pretty bad in biggest pot I played against lucky whale, AA nfd and pair to QQ open ender worse fd. He hit his open ender on turn.

At least I’m not feeling sick anymore.


by DumbosTrunk k

$45,925 to go. Ran pretty bad in biggest pot I played against lucky whale, AA nfd and pair to QQ open ender worse fd. He hit his open ender on turn.

At least I’m not feeling sick anymore.

Hell yeah, Dumbo, get some of that plo action. 327,000 left to go for me.


I genuinely cannot tell if Franz is trolling LMAO.




Slept way in today, throwing off my whole schedule. Interviewing a law student for an internship tomorrow. Ran bad towards the end of the night but still won some. Nut straight flopped mid set fd blockers lost to turned top two nfd. Dude in hand wanted me to go south because I was over table max - in the middle of the hand! - and floor said I must bring everything if playing same game within 2 hours, obviously. He just wanted a better price on his draw if possible. I deserve better than live poker, I really do. I owe it to myself.

Reply...