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
I literally physically stopped a fish from mucking on a broadway board a few months back against the biggest douchebag in the room.
Dealer had announced chop pot already (obviously wrong to do) and it induced new player fish to try to muck his hand not realizing he had to table to get half the pot.
Was what I did wrong / against the rules? Yes.
Would I do it again in an instant against the dbag opponent of fish? Absolutely.
Floor even thanked me afterwards because everyone hates the dbag lol.
Actually given the dealer did something wrong my view is what you did was both correct and within the rules as dealer could be angle shooting.
Just to give more context — I’ve gone out of my way to be really nice to the guy who called out his neighbor’s hand, I’d done nothing to rub him the wrong way until now. All our interactions had been positive. I try to make it a fun atmosphere when he’s playing because he does the same. He probably just wanted the fish to have the money. I felt a small slowroll in a small pot for good measure was appropriate payback. It was quite a large pot he did it to me in and e
Perhaps going out of your way to be really nice came off as disingenuous and he took it the wrong way. I get the feeling you're not very self-aware and I don't mean that to sound mean or anything but for example you are proving the guy right when you feel justified in getting payback. Perhaps you're doing other similar things that people are picking up on that you don't realize. Maybe you aren't tipping enough to people's liking or maybe you just give off bad vibes. I could be wrong, this guy could just be a rude person who wanted the fish to win, but again, based on the fact that you felt you needed to get revenge I'm probably not wrong.
Played a good 10/10/50/100 session, won very well and ran well, got called by worse with KJ998ds pre for heaps versus KJ763 and won, also won AA in backraised pot to AJ on AJ5, at the end lost a big one though with AQJT2ds on KT53r, one of my backdoor flush draws hit on the turn and I got it in for heaps against AKKQ with nut diamonds against the table action player and lost both runouts. Was getting tired and quit at this point still up good and on track for another solid month. Took a while!
Had a dream last night a 5-card reg who had previously been banned for peeking at his neighbor's hole cards swiped $100 off a fun player's stack and I called the floor on him. Then I had quad 8s with JT876 on A888 facing a $2,500 bet and a call! Must be nice.
A little bittersweet end to the big session last night, ending on a sour note in a $20k I lost, but I discussed the hand with my friends and they all said I played it well and just ran into top of V's range. Meanwhile I apparently didn't tip enough in a big pot I stacked the game organizer in ($10), and he went off on me, prompting me to tip a little more and him threatening to never let me in the game again, a threat he's used before when he's unhappy with me. It's only semi-private so there's only so much he can do.
Definitely pushed myself last night with the stakes and pot sizes, some of the biggest I've played ever. More progress. Now the usual routine before I dive in for another session. Motivated and confident after booking a long overdue big win!
Meanwhile I apparently didn't tip enough in a big pot I stacked the game organizer in ($10), and he went off on me, prompting me to tip a little more and him threatening to never let me in the game again, a threat he's used before when he's unhappy with me. It's only semi-private so there's only so much he can do.
I used to play in big private games in DC before we moved out west (prior to MD Live and MGM coming on stream). The Cardinal rule if you want to regularly get in juicy games and you are a winning player is you have to be a generous tipper. I played in a great game in MD for a few years - when I cashed out I would just take even hundreds and any thing over that I left for the dealer.
I used to play in big private games in DC before we moved out west (prior to MD Live and MGM coming on stream). The Cardinal rule if you want to regularly get in juicy games and you are a winning player is you have to be a generous tipper. I played in a great game in MD for a few years - when I cashed out I would just take even hundreds and any thing over that I left for the dealer.
Thanks will keep in mind and start tipping better in the big pots. I ended up giving $45 for that pot.
Session going well, after a few hours in the mix where I lost a little (98432 didn’t hold in single draw, among others), left for plo where I won AKQQ3 nut suit in big pot on KT3r, J ott. Lost a little when I didn’t see the board pair but thankfully I thought V had a straight flush and I folded the nut flush on the river to the check raise. Slow night in the poker room, aunt in town tomorrow night call it an early night.
Got a good lecture from a friend about handling table bullies and taking the higher road rather than feeling the need to stoop to their level and defend myself, and realizing their comments come from a place of insecurity and if anything they are just intimidated by my presence at the table and are trying to get under my skin. Next time someone makes a snide remark I am just going to laugh out loud because they are making a fool of themselves.
WTF so the dealer is supposed to make like $500/hr dealing this game?
Thanks will keep in mind and start tipping better in the big pots. I ended up giving $45 for that pot.
Insane. The dealers are already making more than almost everyone at the table without risk. If someone tells me to tip more after I already gave a decent tip, I would not be friendly to them.
In a open public game you guys are right about excessive tipping but if you want a regular seat in private/curated games with true whales the guidelines need to be adjusted IMO.
I've played in plenty of these curated private games. Never have I seen such insane tipping expectations.
Yeah, all expectations are higher for me it seems as a non-invited big winner people don't want in the game, a couple weeks ago I was accused of "hitting and running" by the game organizer and a player because I won a medium sized pot just before I quit (was planning on quitting anyway and I warned the table) even though I was still stuck a few grand and was getting crushed the entire session!
Anyway the game didn't run yesterday at mgm, I played 1/2 5 instead and won good, ran well with AKQQ3 as mentioned and also won KQT87ds in 3! pot QT7r, my backdoor flush draw ott, shipped and flush hit (someone folded nut flush draw!). Doubled up a short stack who had AA twice and getting tired I called it a session.
Lattes and music again, a little groggy after waking up a little earlier and not being able to fall asleep quickly when I went to bed. Aunt is in town visiting, will be nice to see her after a while (but not nice for my schedule). Also got invited to big hold 'em game but said I won't make it due to my family thing, oh well.
Ended up getting a seat in 50/100/200, was card dead and finally got AQo (again) in the straddle, UTG opened 6-handed two callers I had 16bb and ripped / squeezed and got felted by QQ. Lost with AQo again! Drats. DidnÂ’t stay to try to make any of it back as I was not feeling it tonight. Left for plo where IÂ’ll try to make a big losing day a reasonable one. These big shots have not been working out for me. I guess I havenÂ’t paid my dues to run good so soonÂ…but IÂ’m so much poorer than these guys! :(
When he called I told the guy I had aces as a joke because I’m so tight, and quickly tabled my hand. lol. Better than the last big pot I lost the other night at 10/10/50/100 plo where I lost it in bad for a $20k pot and got scooped, and this nit reg not in the hand said “you were a 7-1 dog!” and scowled at me. What a game.
Why the hell are you sitting in a game with 16BB?
Meh just don’t feel comfortable buying in that big in a game of this size. Would rather short stack which is my comfort zone when I first shot take a higher stake. Risk less and lose less when I do lose. BR mgmnt too. Don’t want to lose too much at once, the emotional toll from losing too much money in one session is really crushing. I have financial goals and fiscal responsibility is important to me reaching them. I don’t want to overextend and veer off track from my monthly/annual targets by too much.
Shot taking this game reminded me a little when I started playing the big mixed game. Seemed a little foolish and maybe this decision is too.
If you're already pretty good and your games are soft, you probably don't need more than $20,000-$30,000 if you're only playing occasionally. If you're less experienced I would recommend somewhat more than that.
Hey! Crazy thread, I have been reading all recently, very inspiring.
When you suggest this bankroll for live 5card Omaha, is this for a min buy in or the max? It is 200-700, correct? Thanks!
Hey! Crazy thread, I have been reading all recently, very inspiring.
When you suggest this bankroll for live 5card Omaha, is this for a min buy in or the max? It is 200-700, correct? Thanks!
That should be enough for the max buy in ($200-$700) if you are very good at the game relative to the field. I've never had a downswing more than $10-$15k (last year, none this year) and they are rare. Thanks for following. 700,000 views...!
After one of my worst single daily losses ever thanks to the 50/100/200 game where I lost just over a buy in ($6,000), took a long sleep with a head / sinus thing and sore legs not helping either. At least I restocked my latte capsules and got a new iphone charger (wires were fraying).
After one of my worst single daily losses ever thanks to the 50/100/200 game where I lost just over a buy in ($6,000), took a long sleep with a head / sinus thing and sore legs not helping either. At least I restocked my latte capsules and got a new iphone charger (wires were fraying).
6K loss in a 50-100-200 game is nothing of note (as I'm sure you realize)
Yeah totally get it, it just always sucks to lose a lot of money in any game. I'm not rich like most of these guys playing the big game(they are probably worth several millions) that I don't consider $6,000 a lot of money.
Ran well at 5/5 plo thanks to AKKT5ds, up $2600 there, flopped mid pair overpair and nut flush draw and got there three ways against top two fd blockers and top set. Table spot got short stacked so I left for 1/2 plo which looked softer. Running it back! Nice to get some forward momentum after a rough night.
Won more at 1/2, just smaller pots here and there, got a seat at 25/25 but wasn't feeling well so let after under an hour in an uneventful session. Still not feeling great, at least I took acetaminophen for my headache.
Now that I don't have a splitting headache anymore and am caffeinated, I want to make an effort to work on my table presence. No arguments, if anyone antagonizes me I'll just laugh it off. I want to be a positive influence for the game and be the bigger person. I am a top player and I don't need to stoop to a level that is beneath me. I want to be a good example and not get into petty arguments that bring me down. No negative energy.
Also I am doing a smaller $25,000 br challenge starting today. I feel like these sorts of challenges are good for my motivation.
Meh just don’t feel comfortable buying in that big in a game of this size. Would rather short stack which is my comfort zone when I first shot take a higher stake. Risk less and lose less when I do lose. BR mgmnt too. Don’t want to lose too much at once, the emotional toll from losing too much money in one session is really crushing. I have financial goals and fiscal responsibility is important to me reaching them. I don’t want to overextend and veer off track from my monthly/annual targets by t
What I was trying to get at is if you want to get in with these people and get repeat invites to good games being a dirty shortstacker probably isn't the best way to go about that. Probably best to not play at all if you are going to shortstack. Just my opinion.
Kato is right here IMO -short stacking is no way to get a regular seat in big games.
I feel pretty confident in my bankroll management skills at this point that I know how far to push it. Plus I’m still getting invited back in spite of short stacking.
Ran ok today, AA held at 10/10, 76542ds in straddle with $25 ante lost five ways with 24% equity against a bunch of high cards and two people with AA, won with mid set at 1/2 plo though. Getting tired and still not feeling great, gonna call it soon.might have made $1,000 in the day.
Br challenge: $24,000 and counting (or so).