Okay guys i deposited 50 pound into my account around a year ago, i was playing good poker in my opinion however due to poor bankroll management i have since gone bust. I am looking to start playing again but i want to build a larger bankroll from around the same deposit (another £50). Can somebody offer advise on what is going to be the best way of building my bankroll to say £500. For example how many days a week should i play and for how long and how long should i be looking to make this profit in, what games to play in etc?? any advice is more than welcome?
Secondly i am aiming this question to all you poker pros and good regular players, if you are like myself you love the game and love making friends through poker. You will also love helping guys who are trying to improve their game each and everytime they play, i am just wondering if there is anyone out their that would take me on as a project, managering and mentoring me. I love the game and i am willing to put hard work and effort into the game, a few facts about myself:
Name: Michael Green
Age: 20
Poker Experence: 3 years
Biggest win: £360 (Poor i know)
Montly spare cash: Around £50-£100
Other usefull information: A levels in Maths, ICT, Technology, Geography
Living: Near Dundee, Scotland
Thats pretty much it guys, but i appreciate your time in reading this email, and i look forward to your replies
Thanks
Michael
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Comments
What is it you want from your Poker ? Is it ...
Just small entertainment and hopefully show a profit ?
Do you want to play 'tournament' 'cash tables' or 'Sit n Go' ring games ?
What time do you have to spare, for online Poker ?
Playing single tables, cash or Sit n go can bring small profits and possibly the safest play..
Playing tournaments can obviously bring big dividends but overall the 'swings' that are long losing stretches you will probably end up losing .. however are by far more exciting games to play !
Maybe a mix of some cash to pay for one tournament per evening would be good, however the real thing here is WHAT it is you want to do ?
I think your thoughts should be to have to have a game plan .. set some goals for this year, then it's easier to go forward with a plan ..
My plan this year is to play satellites for live events, however you may want to play a little cash to pay for the Sunday Promo here on Skypoker , or a similar game in the week.
So my thoughts are, think what you want, set a goal and build on that !!
good luck ..
This however is where problems lay in that Skype and msn are widely used to cheat between players on ALL poker sites ...
The best way of being mentored is in live games where you can chat about the games in breaks or sit afterwards to go over certain hand plays ...
Maybe if you let us know when and where you are going to play, I or others could watch and maybe give you some advice ...
If you want, post in advance of a tournament that you intend to play (AFTER 4 00pm ) and I' ll find you and watch.. ... maybe I can help... a bit )
glk (oh not tonight I'm playing at 9 30)
I chosen to respond to you because I can sense your passion for the best and most intriguing game in the world. IMO. I can only give you advice based from my experiences and what I have learnt over the years.
So i'll start with your bankroll. You have no doubt experienced the the importance of good bankroll management. This will be the primary key to your success. There is nothing more important than proper bankroll management. There are many different bankroll strategies for different type of players and you should read around to see what suits you best but I'll give you my experience. Never sit at a table with more than 5% of your bankroll. This is a Chris Ferguson tip. Then leave when you have 10%. This means with 50 pounds your maximum buy in should be 2.50p. The lowest cash games available on here are 2p/4p but you should be buying in with 100 big blinds which would be 4 pounds. So i suggest you play 2pound DYM until you have 60 pounds then 3pound DYM then to the 2p/4p cash games with 80 pound. 4p/8p 160pounds and so on. Remember to drop back down the limits accordingly and have no shame in it. Which brings me to the next most important thing to do with bankroll. The dredded tilt. Everyone Tilts some more than others. I have seen the best players in the world tilt live on t.v Negreanu, Dwan. There are so many different forms of tilt it can be hard to detect and avoid. Leave your ego at the door when you sit at a table, it will only lose you money. Don't get into slanging matches with bad players. The last thing you want is for them to leave with your money after they donked you.
How long you play is entireley based on how much free time you have. You'll need time for work, family and exercise. A healthy body is a healthy mind. Whatever free time you have leave some aside for imprvoing your game read about it for half an hour a day or something. Post your hands on forums and discuss them, anything that will make you a better player because there is always something new to learn in poker. If you have 4 hours spare play for 2 hours then take a break and then maybe play for another couple later in the day. don't over do it and sit there for 4 hours grinding it out.
I couldn't possibly take you on as a project though because there are so many really good players here that know more than me and I would be doing you an injustice. I will however add you as a friend and any help or advice you need on crushing the low stakes I will gladly help with. I read a book called The Poker Mindset which improved my mental aspect of the game by a long way and I will pm you the name of a free ebook for 6max cash games, which IMO is the best strategy poker book you can get today.
But for just now the, at the limits you will be playing it's straight forward tight solid poker you should be playing.
Bets of luck and I will be looking to see how you get on.
Regards
Ms_Chips
One final thing.... Don't focus on trying to get that 500 pound, it will only negatively impact your game. Focus on the hand your playing.
Personally I think it is too early for you to be mentored. You need to be selfanalysing all the time.To do this I think you should be playing tournaments. If your initial bankroll is around £50, then £1/2 buyins are ideal. Do not expect to win them all! You should be cashing in 1 in 5 maybe.But always play to win not just cash, then you should win one after twenty perhaps. Plan your time for poker, select your tourny carefully, and avoid distractions...turn telly off... bind and gag wife etc!
When going out of a tourny or losing a big pot, you need to be honest with yourself,look at where you went wrong and make sure it doesnt happen again. Then take a break until your next tourny.When you do win or cash by all means go straight for another one but stick to same buyin ! You are not ready to move up a level till you have at least doubled your bankroll. Also by staying at the same level you should be regularly meeting the same opponents... make notes on them, its such an important part of game.
Avoid playing cash games,your bankroll is too small, even at micro stakes there is pressure on your game.
I dont advise sit and goes either, there are many experienced players who specialise in them but unless you can win over 50% consistently you cannot build your bankroll there.
Good luck with it anyway, I put in 2 or 3 lots of 50 quids about 4 years ago before it clicked and have withdrawn over 10k since. Nobody can teach you to play winning poker but if you have any specific questions there are many people in this forum who will help.
Tony
Thankyou, and good luck to you all
..
Well done for starting this thread and well done to the guys that have responded, especially MrChips. Thers's loads of excelent advise. I started with £25 in Nov and stayed mostly on the 2/4 & 4/8 cash tables. I was lucky enough to get my BR to the £200 mark within a month, but as mention above, played to much and lost focus. to many hands that should have been mine! which ended up reducing my BR to a scary amount. But by reading through the forum and taking note of all the advice given by our sky experts, thats you guys who take the time to post, i managed to get my mineset back on the game and hopefully on the way to continue to increase my BR. So Mick i cant give you any advice personaly, apart from take note of what these guys have to say.
Good luck on the tables
Paul
hi Mick you have had some good advice here but it would be very unlikly anyone would mentor you untill you show some tallent no disrespect intended i would advise read up on poker i have several books one of the best being harrington on hold em, Im sure other people must have a good book to recomend first thing you need to do is create a bank roll so I would stay low stakes, DYM are very good (just play tight) and the low stake MTTs I would avoid cash at all costs there are to many good (and donky) players, the best advice is play like a ROCK my wife plays and she is a rock her bank roll started at £20 she now has £90 in four months and she only plays two or three times a week once your bank roll increases then you can start to loosen up also try to satalite into the big turneys but most of all play for the fun, take time off, and enjoy the game there is always another game tomorrow the commuity is always here to vent off steam and get advice i wish you all the best.