Sunday, March 23, 2008

Personalizing Bank Roll Management

I have always tried to find a way to personalize bank roll management. Since I play lower stakes tables, online, I finally found a good way to work this out. This may not work for you, if it doesn't then keep wating for whatever makes sense to you to happen.

I will focuse on the hardest hand to play, which I think is pocket Aces. If you have pocket Aces, are in the big blind, and every player at the table shoves all-in, would you muck? Ok, lets make this a little easier. You have pocket Aces and one other player has gone all in pre-flop, you are the only player left to act, you are going to call. At this point, about 15% of the time you are heads up you will loose the hand. And since many times at lower stakes you will end up with more then one other player in the hand, your odds of losing your money keep going up.

So, ask yourself, are you prepared to lose all the money you have on the table and still have enough left in your bank roll to keep playing your game confidently? If not, you are playing over your head, that is outside your bank roll.

Thus, my version of bank roll management is simple. If I were to lose my entire buy-in, plus potentially any winnings I had built up, will that cause me to freak out? Will it put me on tilt? Will it force me to have to move down in stakes? Will it basicly be more of a negative experience then is acceptable? If so, then I am not using good bank roll management.

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