How did you get your bankroll started?

NickCashNickCash Red Chipper Posts: 3 ✭✭
Yo gang, I am a recreational live poker play that wants to start a bankroll that I can attribute to solely playing poker. Right now I play about once a month, listen to the RCP podcasts, and reading quite a bit.

I obviously want to improve and take my game to the next level, but I'd also like to have poker only money. How have you guys gotten started? Did you just grind and build a bank roll? Did you save up and start with other money that you made your poker bankroll?

I'll keep it to just these questions as there are already a bunch in there.

Best Answers

  • moishetreatsmoishetreats Red Chipper Posts: 1,819 ✭✭✭✭
    Accepted Answer
    I'd ask a different question first: Where is your skill level at right now?

    In other words, imagine that you had an unlimited bankroll. Where you play right now that is the highest stakes where you would be a clear profitable player? Then, reverse the question: how much do I need to be bankrolled for one stake HIGHER than that?

    If you have the money in the bank for that higher stake, then, boom -- you're golden. If you have the money for the stake where you're at, then, boom -- you're great. Keep playing those stakes and squirrel away money from your winnings either to take a shot at higher stakes or to build your bankroll. If you are under-rolled even for where you can profitably win, then you just have to grind your way up.

Answers

  • NickCashNickCash Red Chipper Posts: 3 ✭✭
    Thanks for the replies. I am typically playing 2-10 spread when I can make it up to the mountain casinos in CO. I am definitely under rolled so that low stake, although not the most fun/in depth game, is very beatable.

    Cheers!
  • jfarrow13jfarrow13 Red Chipper Posts: 1,254 ✭✭✭✭
    I started with $200 this year and am around $2.5k now (I've spent about $700 of it on just entertainment and stuff), but am up about 3.3k this year. Of course, I ran good to start. In fact, I may still be running good know knows. I play 0-2 times a week, intermittently. Biggest down swing 1.2k in 2 sessions on brutal run bad, followed by el classico "man if I ran that bad twice, run good is coming, I better play $2/5---->1.7k profit session thanks set over set. I'd realistically say to start a live $1/2-$1/3 bank roll set aside 1k, 5 buy-ins unless you run really bad or are just bad should be enough. My goal is to get it up to 5k~ so I can feel pretty safe playing $1/3. Once I hit 5K+ I'll take a few $2/5 shots. At 10k I plan on trying to play split time $2/5 and $1/3. 15K I'd be a consistent $2/5 player.
  • jfarrow13jfarrow13 Red Chipper Posts: 1,254 ✭✭✭✭
    jfarrow13 wrote: »
    5 buy-ins unless you run really bad or are just bad should be enough.

    I've had FORTY buyin downswings in games I'm a 300 bi winner in.

    Online or live-cash? In theory, it should be able to happen anywhere, but the volume of hands online is so much higher, your just much more likely, in the same way over 100 coin flips the chances of flipping 10 tails in a row is low, but over 1000, it's much higher.

    I still remember that quote from The Course where Ed Miller says one time he went like 18 days in a row at $2/5 without winning. That....is brutal.
  • PapaGiorgioPapaGiorgio Red Chipper Posts: 81 ✭✭
    As a family man, all the money from my job went to the household to pay bills, etc. I picked up a second job officiating HS sports to build a bankroll. This has allowed me to keep my household money separate from bankroll (no scared money) and keep the wife happy (no more hearing "we could have used that money for xxx"). The bankroll has been good because when I do get to play live (a few times a year), I don't worry about losing money that was earmarked for bills.
  • LivingOrphanLivingOrphan Red Chipper Posts: 2
    Quoting Nick "Thanks for the replies. I am typically playing 2-10 spread when I can make it up to the mountain casinos in CO. I am definitely under rolled so that low stake, although not the most fun/in depth game, is very beatable.

    Cheers!"

    Damn grinding the Isle's 2-10 is rough homie. I deal those games haha. I coach some online poker players as well and they have had some steller results.

    I live in Denver. Lets meet up and grab some coffee. I can't stake you, but I'd be happy to run along side you.

    Hope all is well buddy!!!
  • LivingOrphanLivingOrphan Red Chipper Posts: 2
    "jfarrow13;I started with $200 this year and am around $2.5k now (I've spent about $700 of it on just entertainment and stuff), but am up about 3.3k this year. Of course, I ran good to start. In fact, I may still be running good know knows. I play 0-2 times a week, intermittently. Biggest down swing 1.2k in 2 sessions on brutal run bad, followed by el classico "man if I ran that bad twice, run good is coming, I better play $2/5---->1.7k profit session thanks set over set. I'd realistically say to start a live $1/2-$1/3 bank roll set aside 1k, 5 buy-ins unless you run really bad or are just bad should be enough. My goal is to get it up to 5k~ so I can feel pretty safe playing $1/3. Once I hit 5K+ I'll take a few $2/5 shots. At 10k I plan on trying to play split time $2/5 and $1/3. 15K I'd be a consistent $2/5 player.

    How are you on your journey so far? Feel free to send me a PM if you don't want to post here.
  • MrFussMrFuss Red Chipper Posts: 142 ✭✭
    Quoting Nick "Thanks for the replies. I am typically playing 2-10 spread when I can make it up to the mountain casinos in CO. I am definitely under rolled so that low stake, although not the most fun/in depth game, is very beatable.

    Cheers!"

    Damn grinding the Isle's 2-10 is rough homie. I deal those games haha. I coach some online poker players as well and they have had some steller results.

    I live in Denver. Lets meet up and grab some coffee. I can't stake you, but I'd be happy to run along side you.

    Hope all is well buddy!!!

    Also in Denver. I play 1/3 at ameristar a few times a week.
  • LeChiffreLeChiffre NetherlandsRed Chipper Posts: 540 ✭✭✭
    Online: deposit what you can afford to lose, build up from there. If you lose it, that's OK, you can always deposit again, with, again, money you can afford to lose. At some point, hopefully, you have a nice online bankroll and now it's your job to keep it (or pay yourself back all the deposits you made :) )

    Live: if your casino games are too high, try to find some home games.

    That's basically what I did.

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