Saturday, November 28, 2009

BR Management Plan

I never did post my bankroll management plan yet I keep talking about how nitty it is. So what would you consider nitty? 20 buy-ins? 25 buy-ins? 30? Take a look at my plan. The reason it says "start with $10" is because that's what my bankroll was in late March of this year.


Start with $10
step 1: 2nl till roll = $150
step 2: 5nl till roll = $350 Go back down if roll hits $100
step 3: 10nl till roll = $1000 Go back down if roll hits $250
step 4: 25nl till roll = $2250 Go back down if roll hits $750
step 5: 50nl till roll = $5000 Go back down if roll hits $1750
step 6: 100nl till roll = $12000 Go back down if roll hits $4000

This is my "impossible to fail" plan. As long as I move up and down as planned, its impossible to ever go broke. It also allows for ample time to improve as I move through the levels. In fact, I have had to cash out a couple of times along the way because I felt I was moving too fast. (in 25NL)

So I am on step 4. I sometimes wonder where I'd be if I had not cashed out $1,500 this year. Ah to be young and without a family to feed. :)

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