This is the problem with micro stakes SNG's. I could never do much with them to be honest due to the rake. Its so hard to beat the rake and variance even if you are the best player at the table i found. I gave up and started playing cash and the odd MTT and have grown my account that way. Dunno if you want to do that? I started with 8 quid in March and had a couple of good cash results and soon had 20 quid and with great nittyness i kept it safe whilst grinding it up. You been playing these for 6 months? Posted by DrSharp
I've been playing small stakes sit n go's, the odd MTT and the odd bit of cash, as well as freerolls. Up to now i've cashed in about 50% of freerolls i've played in, winning 2 of them overall, and my biggest win so far on MTT has been £36. Up to now i've been indisciplined, moving up in stakes after a good run only to find i'll come crashing down to skint after a few bad beats. Time to be more disciplined for me. I think cash games could be a good way to build because i play ultra tight (i think the fact you're betting your actual money instead of chips accounts for this).
So have you managed to build up a decent bankroll for yourself this way?
In Response to Re: Building a bankroll with bad luck. : I've been playing small stakes sit n go's, the odd MTT and the odd bit of cash, as well as freerolls. Up to now i've cashed in about 50% of freerolls i've played in, winning 2 of them overall, and my biggest win so far on MTT has been £36. Up to now i've been indisciplined, moving up in stakes after a good run only to find i'll come crashing down to skint after a few bad beats. Time to be more disciplined for me. I think cash games could be a good way to build because i play ultra tight (i think the fact you're betting your actual money instead of chips accounts for this). So have you managed to build up a decent bankroll for yourself this way? Posted by Pipunch
Hey, listen. I am in no way a good poker player. I only started myself at the beginning of the year from a total rookie.
Anyway, my advice from someone who has been where you are. Bankroll management is the absolute key here. When you win an MTT or some decent money from one, DO NOT up stakes. It always ends up back at zero. You want at least 20 buy ins. I went bust from $35 quid on my first attempt myself, it aint happening overnight.
I started again with 8 quid and was just recreational, i had a couple of good sessions and got to 20 quid as stated above. I didnt move up, i played a few $1.10 deepstacks and a few $1.10 guaranteed $25 MTT's as well as being very very careful on the cash tables, playing ultra tight. It was hard and very boring at times but once i had 10-15 buy ins at 2p/4p (4NL) cash i never looked back. Most of my BR is from micro stakes cash, but that doesnt mean its for everyone. Whatever you feel most comfortable with.
I have grinded away, still playing the odd $1.10 MTT and $2.20 MTT and still at 4NL until just very recently when i hit $200 quid, this allows me to play 4p/8p (20xbuy ins = $160) and 5p/10p (20xBI=$200). Its not easy, it takes a long time but it can be done, if i lose some of that, i drop back down again until i have the correct amount needed to have another go. You have to be really patient. I even still play the odd freeroll, it all helps and all the time you have to learn. Listen to other players on here and take it on board. Dont be afraid to ask questions, even if they appear stupid.
Dont rush to be moving up in stakes too quickly. Watch channel 865, post your hands in the clinic and just be patient. Ask these guys on here, they are fantastic. Free advice! What more do you want?
Sounds like you do ok at MTT's. Take your 10 quid and play 9x$1.10 MTT's a week. If you have a good result you have the beginning of a bankroll. Read DOHHHHHHH's cash thread again and again until it really clicks and have a dabble at that at 4NL, no bigger! Hopefully, it just keeps ticking over. Remember, once you are up and running, you need at least 20x buy ins in your account. e.g 2.20 MTT's, you'll need at least $40 quid, probably more for an MTT bankroll! Bankroll nits for the win!
Give us a shout if you want any more info. (doubtful, its bored me!)
Good luck mate, it can be done. If i can do it, anyone can!
So hang on, even if i was to win 6/10 30p games, i still wouldn't be making any money would i? 6x50p (winnings) would make me break even. So would i need to be winning 7 to make money? Posted by Pipunch
So hang on, even if i was to win 6/10 30p games, i still wouldn't be making any money would i? 6x50p (winnings) would make me break even. So would i need to be winning 7 to make money? Posted by Pipunch
As some have already said, it's extremely difficult to build a bankroll playing 30p DYMs. Yes, you need to win 60% just to break even. If you do beat over 60% the rewards are tiny.
For example, since I've been on this site (about 21 months) I've played exactly 51 30p DYMs. I have won 62% which me gives an average profit of 0.4p per game. Very slow climbing!
I didn't really make any real money until I started playing £2.25 DYM (you only need a 56.25% win rate to break even at this level). I didn't know about BR management back then, so I was probably slightly out of depth at first, but luckily won often enough to make slow but steady profits. I've played 510 DYMs at £2.25, with a 62% win rate, an average profit of 22.8p per game.
I actually have an 83% win rate at £5.50 DYMs, but since I've only played 6 games I'm not reading much into that! Ironically, I'm sure that most of those games were played on tilt (and definitely beyond my BR means) after 'raising the stakes' to try to recoup losses after a bad night. (Don't do that, by the way!)
However, over the past few months I've turned my attention to NL4 cash and the BR that took me about 19 months to build up playing mostly DYMs has increased by about 50% in the last 2 months.
So, as others have said, if you're a reasonably solid player you should find Cash (started at NL4) a much better way to build your BR than DYM or other small SnGs.
i am currently in the same process of you which is building a bankroll. in may i built a br of £80 out of £5 in a month...but then i ran bad tilted and blew it on roulette .
so i have £15 and for 2 nights i been playing 50p and £1 dyms. just a tip i would def recommend the ABC of DYMs by JohnConner as its helping me. just a tip play tight and wait for cards to come to u. As for Bankroll management stick with what your comfortable at, cos if u move too high in stakes and play 'nervous' poker it can make u make silly mistakes and play badly.
Hey pippunch. i am currently in the same process of you which is building a bankroll. in may i built a br of £80 out of £5 in a month...but then i ran bad tilted and blew it on roulette . so i have £15 and for 2 nights i been playing 50p and £1 dyms. just a tip i would def recommend the ABC of DYMs by JohnConner as its helping me. just a tip play tight and wait for cards to come to u. As for Bankroll management stick with what your comfortable at, cos if u move too high in stakes and play 'nervous' poker it can make u make silly mistakes and play badly. good luck at the tables. Posted by Crunchybob
In Response to Re: Building a bankroll with bad luck. : Yeah i understand he was winning, but i felt like an A or J pairing up would be sufficient to win the pot and that it was worth the risk with the amount of chips i had left. Is it possible to point me in the direction of the micro stakes guide by dohhhhh please someone? Posted by Pipunch
Well if you really are sure than he has a pocket pair then no it is not worth it. Even if he has 22, you are less likely to win than he is (albeit by a very small margin), you never really wanna call knowing that you're behind, it just wont work long term.
In Response to Re: Building a bankroll with bad luck. : I've been playing small stakes sit n go's, the odd MTT and the odd bit of cash, as well as freerolls. Up to now i've cashed in about 50% of freerolls i've played in, winning 2 of them overall, and my biggest win so far on MTT has been £36. Up to now i've been indisciplined, moving up in stakes after a good run only to find i'll come crashing down to skint after a few bad beats. Time to be more disciplined for me. I think cash games could be a good way to build because i play ultra tight (i think the fact you're betting your actual money instead of chips accounts for this). So have you managed to build up a decent bankroll for yourself this way? Posted by Pipunch
With cash, you have to think of the amounts of the table as a number of big blinds, so when you buyin for the full amount (as you always should) that's 100BBs and you should always work in big blinds. If you start thinking about it as real money, then when you move up a level or two, you might not be very happy about making a marginal call for £15 but if you think, well it's 50BBs, it can affect your decision.
A well known player on here once commented that sometimes when he lost a £2 pot, he thought to himself 'I could have bought some milk with that'... if you start thinking like that, you'll always be playing with scared money (bad!)
Comments
i am currently in the same process of you which is building a bankroll. in may i built a br of £80 out of £5 in a month...but then i ran bad tilted and blew it on roulette
so i have £15 and for 2 nights i been playing 50p and £1 dyms. just a tip i would def recommend the ABC of DYMs by JohnConner as its helping me.
just a tip play tight and wait for cards to come to u.
As for Bankroll management stick with what your comfortable at, cos if u move too high in stakes and play 'nervous' poker it can make u make silly mistakes and play badly.
good luck at the tables.
In Response to Re: Building a bankroll with bad luck.: With cash, you have to think of the amounts of the table as a number of big blinds, so when you buyin for the full amount (as you always should) that's 100BBs and you should always work in big blinds. If you start thinking about it as real money, then when you move up a level or two, you might not be very happy about making a marginal call for £15 but if you think, well it's 50BBs, it can affect your decision.
A well known player on here once commented that sometimes when he lost a £2 pot, he thought to himself 'I could have bought some milk with that'... if you start thinking like that, you'll always be playing with scared money (bad!)