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Ok, everyone let's DEFINE "bankroll"

The all important concept of not going broke.

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Ok, everyone let's DEFINE "bankroll"

Postby AdamtheExpert » Fri Apr 22, 2005 7:45 pm

Golly gee, I'm sooooo sorry I just can't write all formal and proper like those that actually get their articles on the home page.


Well, ATE will just have to settle for having BETTER information, that's CORRECT.


(Ed note: not referring to the "nice" bankroll article on this site, just a general thing)



Ok, all sorts of armchair experts, have given their BOGUS advice on "bankroll" since time immemorial.

But, NO ONE has ever, EVER defined the term.


I do'nt know if anyone saw my article on the subject, so le't's recap.



Bankroll, means that you are making a LIVING from this money, cannot get it back, sell off possessions, take out a loan, etc.

If you lose this money, your family will be living in cardboard boxes, and eating 10-for-a-buck noodle soup THINGAMAGIGS.

also, you are the sole earner of money, have no other money coming in, and will be CRUSHED AND RUINED, if you lose this money.


Has everyone GOT that! How about you ARMCHAIR experts. ATE is sooooo SICK of people SPEWING out their totally, inaccurate and incomplete MUMBO JUMBO theories about bankroll.


For those of you, who do NOT rely of poker, for your livelyhood, having a "bankroll" is not that important.

Not that you should take foolish risks, but DON"T WORRY about going broke.

As far as ATE is conserned, if you are not a professional player, yo u are still in the learning stages.

so, if you lose a bankroll, less than say, 2k or so but learned valuable lessons from it, DON "T SWEAT IT.


here's a trueism: If you have the ability to "make it" a few hundoid or a couple thousand, can EASILY be made back.

And if you DON"T have the ability to "make it"


Well, friend, that "bankroll" would not have helped you anyway.


IF you cannot win tournaments, and beat the daylights out of live games, ANY amount you have, will be gone anyway.


and if you do, you can start with three bucks, win an event on pokerstars, and be right back there.

NOTE THAT THIS IS NOT AN ENDORSEMENT OF THE WAY I DO THINGS!!!



But, I grow tired, of those who scare the non-professional, about the TERROR of going broke,


AND THEN PLUCKIN' GIVE THEM A BANKROLL FIGURE, THAT'S MAYBE ONE FIFTH OF WHAT THEY WOULD ACTGUALLY NEED.


My dear ATE fans, know this:


THERE IS NOT, AND CAN NEVER BE


a fixed figure, based solely on game size, of a 'bankroll"


One must look at each individual, and determine the amount.


Maybe I could make a chart, but that would just be too hard.



So, well just go with some "see spot run" little guidelines.



THE better you are, the less you need. The bigger your expenses, the MORE you need.

The harder to get a new bankroll, the MORE you need.

The more other income you have coming in, the LESS you need.

People with KIDS, need more than those without.


Ok, get the idea?
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Re: Ok, everyone let's DEFINE "bankroll"

Postby TightWad » Fri Apr 22, 2005 8:08 pm

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uh, I DON"T THINK SO

Postby AdamtheExpert » Sat Apr 23, 2005 5:58 pm

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Postby TightWad » Sat Apr 23, 2005 6:27 pm

Nobody, and I mean NOBODY, calls me, "Bub."

I prefer to, be referred to as, the "Supreme Sultan of Snazz."

-TW
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Postby k3nt » Sun Apr 24, 2005 9:33 pm

Since I'm the dude in charge of this section, I feel like I ought to respond.

.....

First of all, please be nice, TW & Adam. It's not that hard to get along with each other. If something annoys you about someone else -- I mean seriously annoys you, not just pretend annoys you -- try to keep it to yourself. Please? We got a nice thing going here.

I mean, sure, Adam isn't everybody's cup of tea, but neither are you, TW. :)

I'm guessing there's no real hurt feelings here or anything, but I felt like I needed to say that anyway. Thanks for listening.

.....

Second, a response to the issue. What's a bankroll and why does it matter?

Here's why it matters to me.

I have a bankroll, even though I'm not professional or anything like it. If I lose it, it's not the end of the world.

But it might be the end of my poker career.

I started with 25 bucks online, and worked it up from there. I've never deposited any more, and I never want to.

I'm not sure I could handle losing the roll & having to deposit more. I hate losing so, so, so much!! And to suddenly go from being a winning player overall to a loser overall -- nope. Couldn't handle it. Can't even think about it. It would suck.

All I have to do is maintain the discipline to stay within my roll, and to play games that I can beat. There's no reason I should ever go broke.

If I do go broke, there is something seriously wrong with me. Which means I should not play. And I would hate it so much, I probably wouldn't play again. Not sure I could get my wife on my side again, either. Right now she's definitely on my side, and supportive, against everybody who questions why I play at all. (Not exactly the done thing in my social group & my family, y'know?) My bankroll is all money I've earned playing poker. Nobody can complain that I'm a "gambler" when all I'm playing with is money I've already won. Or, they can, but they're idiots and that's fine. If I actually lose and redeposit, I would feel the question a lot more strongly.

So that's why bankroll management matters to me. For what it's worth.
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Postby kfellmy » Mon Apr 25, 2005 10:24 pm

Last edited by kfellmy on Sat Jun 18, 2005 4:59 pm, edited 1 time in total.
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Postby IcarusFalling » Thu Apr 28, 2005 9:13 am

idiotic post from an idiot.... a bankroll used in "POKER" is the money you use to gamble with.... bankroll from employment is the money that "rolls" in from there...

people who get scared from gambling shouldn't be gambling.. or gambling for FUN at .02/.04

if people gamble for fun they can set apart a certain amount of money every month to gamble with..

and you need a certain amount to start with so you can handle the variance..

this post is the most retarded thing i have seen here yet and the entire thing should be deleted : ( including my post because this whole thread is a waste of a click
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Postby Cactus Jack » Tue Jun 28, 2005 4:22 am

"Are the players better as the stakes go up? It's not an exam; it's a buyin." Barry Tanenbaum
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Postby Tokenizer » Tue Jun 28, 2005 2:50 pm

Just wondering if anyone else finds any irony in ATE writing about BR in the first place? IMO I'd rather take BR advice from a player who could manage their own roll. Since he doesn't have one, could one assume he's still in the "learning" stages like he notes? Just seems strange that a person confesses to being broke and "mental" and then expects people to respect and note his advice.
"The only true wisdom is in knowing you know nothing."
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