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$100 Into $5,000 (done) Now Comes The Challenge


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$10,000 bankroll starting in october.Well, this is my first big post on this site. For the most part I just read a lot on here. I figured I would try and get some thoughts on my approach to online poker or just bankroll management, which is good but somewhat dangerous. I have a lot of practice at the lower limits and play even better at the higher limit games as well, although, I'm definantly a low limit player at the time being playing games ranging from $5-$30 and have played up $100 and have done well, but I definantly exceeded my bankroll limit and played differently. I pretty much destroy low limit cash games. With $10,000 I want to play in between $5 - maybe $500 buy ins, although I do need to get comfortable at the higher levels but I'm not afraid of losing. I'm not going to play scared or anything, it's obviously a different game. I think for the most part I will be around the $20-$100 range but can go up to $500 if need be because of my next point. I do use the martingale effect for playing sometimes, not all of the time, yes in blackjack it`s a bad idea for the most part. I learned that on absolute poker turning $100 into $500 on poker then in blackjack turning the $500 into $1500 then all gone, lol. But in 2007 I turned $100 into about $5000 using that method but also did it exceeding my bankroll limit up to 30% which is huge, went on massive tilt but it worked out in the end. I`m a Wayyyyy different/better player now but have lost about $1000 in 2008 which doesn`t make sense but I haven`t been managing my bankroll properly. I have changed the way I manage it by not martingaling to the full, but I`m not a losing player so I dont do it often. I`ve done the same thing with smaller bankrolls and obv busting each $200-$300 bankroll i put on. Then again I was martingaling up to 50%. I want to play higher anyway and I love mtt`s to. I play way better in higher buy ins I just never play them because I don`t have a big bankroll. Soo come october I`m depositing $10,000 as long as the Canadian dollar goes up, because as of now it would cost me 12k for 10k American. This will allow me to play the games I want and give me a lot of room for managing my bankroll. Screw moving down when losing, play the same level or move up (after a run, listening to slipknot or something). I know most of you will probably not agree with the martingale effect but for the most part I wont be using it I just mainly want to have room to do it but with control. Anyway that`s basically it.Also I`m in the WSOP seat points tournament that dna4ever is running and I like it. I enjoy playing with good players and there`s a lot of players who have completed some amazing things in poker, playing in the tournament. Unfortunatley my first game I only came 35/40, flopped a queen high flush vs flopped ace high flush. At least my chips went to good use with mrsflint-the one that won that hand-coming in 2nd. gg************************************************not in proper paragraph format, sry. BUT, it's broken up into sections for you ADHD lovable poker players.

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Screw moving down when losing, play the same level or move up (after a run, listening to slipknot or something).
LOL I thought Canadians were non violent people eh? I cant believe I read this whole post.
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My advice: When you post, don't post in one big huge paragraph. We're all ADD and can't focus that much.Also, I saw the word martingale in there somewhere. This can't be good.... :)Mark

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Martingale: Definition please? Pronunciation please? Country of origin please? Could you use it in a sentence please?
Double the bet or buy in each game. It would be used for just sitngo's or HU games but not fully. For example, $20sng lose AA vs KK, lol because no mistakes will be made for the most part. It will be mainly suckouts, but lose the $20 then drop another 20 then possibly 30 etc. I'm giving myself a lot of room to play with and will be somewhat of a nit about it. So in the end I can play up to 5% of my bankroll but for a while I probably wont even be close to that.
My advice: When you post, don't post in one big huge paragraph. We're all ADD and can't focus that much.
will do
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$10,000 bankroll starting in october.Well, this is my first big post on this site. For the most part I just read a lot on here. I figured I would try and get some thoughts on my approach to online poker or just bankroll management, which is good but somewhat dangerous. I have a lot of practice at the lower limits and play even better at the higher limit games as well, although, I'm definantly a low limit player at the time being playing games ranging from $5-$30 and have played up $100 and have done well, but I definantly exceeded my bankroll limit and played differently. I pretty much destroy low limit cash games. With $10,000 I want to play in between $5 - maybe $500 buy ins, although I do need to get comfortable at the higher levels but I'm not afraid of losing. I'm not going to play scared or anything, it's obviously a different game. I think for the most part I will be around the $20-$100 range but can go up to $500 if need be because of my next point. I do use the martingale effect for playing sometimes, not all of the time, yes in blackjack it`s a bad idea for the most part. I learned that on absolute poker turning $100 into $500 on poker then in blackjack turning the $500 into $1500 then all gone, lol. But in 2007 I turned $100 into about $5000 using that method but also did it exceeding my bankroll limit up to 30% which is huge, went on massive tilt but it worked out in the end. I`m a Wayyyyy different/better player now but have lost about $1000 in 2008 which doesn`t make sense but I haven`t been managing my bankroll properly. I have changed the way I manage it by not martingaling to the full, but I`m not a losing player so I dont do it often. I`ve done the same thing with smaller bankrolls and obv busting each $200-$300 bankroll i put on. Then again I was martingaling up to 50%. I want to play higher anyway and I love mtt`s to. I play way better in higher buy ins I just never play them because I don`t have a big bankroll. Soo come october I`m depositing $10,000 as long as the Canadian dollar goes up, because as of now it would cost me 12k for 10k American. This will allow me to play the games I want and give me a lot of room for managing my bankroll. Screw moving down when losing, play the same level or move up (after a run, listening to slipknot or something). I know most of you will probably not agree with the martingale effect but for the most part I wont be using it I just mainly want to have room to do it but with control. Anyway that`s basically it.Also I`m in the WSOP seat points tournament that dna4ever is running and I like it. I enjoy playing with good players and there`s a lot of players who have completed some amazing things in poker, playing in the tournament. Unfortunatley my first game I only came 35/40, flopped a queen high flush vs flopped ace high flush. At least my chips went to good use with mrsflint-the one that won that hand-coming in 2nd. gg
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I used to work this same theory, I picked it up playing roulette, which I have made quite a lot of money out of, the idea been increase your bet every time you loose so then when you do eventually win you win back all the money you lost previously and then make the profit you set out to make from your initial bet.So I can see where you are coming from, I used to try and turn $50 or $100 into $1000 on the poker tables when I first started playing, using a similar style, even managed to pull it off a few times, but after over a year of following this style I was not making a profit, many times did I work my way up to $300 or $400 then loose it all in just one or two games.Anyway I think you will find this theory works better on the roulette table (I would only play roulette live by the way) than it does on the poker tables, at least that’s what I found, but like I say been a roulette player I have some faith still in this theory and believe it could work out but its much more risky than grinding.I must confess I have recently given up this theory and resorted to grinding on the poker tables, and ok it’s a much slower process and boring when your in the low stakes games, but I think its working out better in the long term.
This is why I'm giving myself such a huge gap to play in. Say I start with 10k playing $20sng's, well that's only 0.2% of the bankroll, lol. I'm allowing myself to play anywhere from 0.2% to 5% although, again I would have to get comfortable with the higher buy ins. I would be fine with anything up to $100 and would just need some practice, watching some higher games and go from there.
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Just do what you were doing if it was working.The martingale system doesn't work in a casino because they have a max bet and you have a limited bankroll, so it's not really gonna help you here.

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Just do what you were doing if it was working.The martingale system doesn't work in a casino because they have a max bet and you have a limited bankroll, so it's not really gonna help you here.
strictly online poker i meant to add, on full tilt.
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I'm talking about $20-$500 those exist but I'm sure I wont have to go that high.
I'll just conclude my contributions by saying that the Martingale System has no place in poker along with the term "Good Bankroll Management."
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LOL @ Matt reading that and actually trying to respond.
I was expecting a more angry and hilarious response :club:
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lol roulettaments?I find it amazing that people don't understand this concept. -EV is -EV, increasing the level you play just makes you lose faster.

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Actually, the Martingale is nearly perfect assuming you have an infinite bankroll reserve and there is no limit to bet size, and you quit and start over when you reach your desired $ goal.
That's it for caveats?
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I don't play SNG's. I don't play HU. I don't have much more than $500 online. That being said, I will gladly play the OP in a $500 hu sng, based solely on the content of this thread.P.S. I also didn't read the OP

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I don't play SNG's. I don't play HU. I don't have much more than $500 online. That being said, I will gladly play the OP in a $500 hu sng, based solely on the content of this thread.P.S. I also didn't read the OP
But if you lost would you then immediately play him in a $1K SNG?
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