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28Jan/134

The next short term goal

As I mentioned in the first post, I'm going to be breaking down my goal for the end of the year in small achivables to make it easier to track and keep me motivated. But before I jump into that, let me tell how I'll be managing my bankroll and my criterias to move up:

Bankroll: 30+ BI up to NL50. 40+ BI at NL100+
I think this is very conservative even though most of you may think it is standard. The fact is BR is not such a huge problem at these stakes as I'm not grocery grinding, but will be as I move up, and the 40+ could be 50-60 or even more depending on the stake and how I’m feeling in regards to the following;

Criteria to move up: I can decide to go with a looser bankroll management eventually (like if my salary doubles up or I see a lot of bad players at upper stakes), but I need to have these requirements fulfilled before I move up:

1. I’m beating my current game at a high winrate over a decent sample;
2. I’m profitable at my current stake without much or any table selection;
3. I’m not too worried about the money (either because it doesn’t mean much or because I’m well rolled for that stake);
4. I’m mentally prepared for higher variance and understand and can deal with the problems inherent in playing a higher stake.

With those things in mind, the next two week challenge will be the following:
Play over 15.000 hands of NL25 maintaining a considerable high winrate (I’ll not set a bar here, but it should be well over 10bb/100), without table selection.

I’ll be working a lot on my focus during the entire session as I have spotted a leak in my game where I tend to loosen up after one hour or two into the session, depending on the cards I’m getting and table dynamics/villains. An expensive leak according to my HEM, so fixing it should yield a higher winrate.

If everything goes as planned I’ll be leaving NL25 behind and play only NL50.

I’ll try to make a video of one session and post here on DTB and I’ll also update the blog with the results on every short term goal once a week. In the meantime I’m thinking about sharing my poker schedule, how I review my play and study, things like that. If you’re curious about something leave a comment so I’ll know what you want to see here :)

Happy grinding!

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Comments (4) Trackbacks (0)
  1. I’d love to know how you prepare, warm up and review. Since I used a lot of techniques in Jareds book I’m wondering if you came to the same conclusions.

    Tell us bro!

  2. First off, props for starting a blog and getting your thoughts in print and in public.

    I have a few questions about your goals.

    Table selection – I don’t understand why one (or you) should be so ambivalent about table selection. I think table selecting is a skill to be developed. I also think exploiting reacreational players is a skill to be learned. Exploiting “regulars” is a skill too. I saw a turkeybrain video recently where she said, “As you move up in stakes regulars change, but fish play the same.” I think so many emphasize playing with and exploiting fish because success at that is more lucrative than success beating regulars. Table selecting (and seat selecting) well gets you more experience exploiting recreational players.

    Moving up… Is bankroll amount and/or winrate the best reason to scale limits? And is it a good idea to stay strictly below a certain level? I used to worship at the altar of move up at xBI, down at X, etc. Then I relaxed. It’s been great. Mostly what I found is that each stake plays a bit differently, but 10nl to 100nl play mostly the same. If you are losing money (consistently and/or through poor play), it makes sense to move down for a cheaper place to train. But if you are staying afloat, there are advantages to going up and down the blind levels. Playing up every so often can help you feel comfortable playing with higher dollar amounts (this was a problem for me in my puritan days). It also helps the lower blind levels seem like lesser dollar amount. I imagine this would make some careless, others fearless. I’m ambivalent that this is better than a BI guideline, but some benefits of moving up “prematurely” seem to be consistently missed (at least on the BQ forum at 2+2). I think comfortableness (although it has the downside of not being quantifiable) is a decent standard for when to move up. Personally, I still wouldn’t jump up without 6 ot 7 BI for the higher stake. I “save” my jumps for times when I am focused, good time slots (evenings, weekends, holidays). I’ll play only one table and try to play tight.

    • Nice questions sir. Let’s take it slow to answer properly:

      Let me very clear about table selection: I’m not against it! Not at all! I think playing fish is where most of the money come from, for sure, and I do it quite a lot. I’m merely using no table selection before I move up as a way to see my edge vs regs. I don’t go around looking for a all reg table too, but I think as you move up you’ll find more and more reasonable players than the fish you can just exploit easily, so this is sort of a good practice. Plus, it’s nice to try to exploit regulars for a change… When you are in a table with a fish is common to focus on exploiting this player and miss some opportunities to exploit a bad reg (which I see a lot in my stakes).
      I have bought TableScan for a reason and I strongly belive table selection is a very profitable part of the game. But there is also merit in letting it aside for a week or two.

      As for moving up, bankroll is something I can defnetly change my concepts on – I believe the important part in BR management is to evaluate how do you feel about the money. If you’re not confortable with the variance of a higher stake maybe a bigger bankroll will help you get there. But this is something for everyone to decide.
      Winrate on the other hand is something that I do look at when moving up. And I`ll disagree with you when you say NL10 to NL100 play the same. I think you can find good players on any of those stakes – I found some thougher opponents in NL25 than I found on NL50 sometimes – but I don`t believe that the stakes are the same. The average level of the player is different, so you have more opportunities to exploit them, and this yields in a higher winrate. As you move up (from my experience) the spots to exploit an average player requires deeper thought to find.

      When you combine everything I mentioned as requirements to move up we get somewhere close to what you said as a good point to move up: comfortableness. If the blinds are not so high that I’m worried about the money, I was able to turn profit playing mostly regs at a lower level and I’m mentally prepared for the challenges the higher stakes present; than I’ll be comfortable in playing it, so I will play my best!
      Btw, I`m not exatcly using this to move up as I already play a lot of NL50. I’m moving back up and acknowledging that I fixed my costy leaks at a cheaper price on NL25. My next goal would be to establish myself as a winner at NL50 and play some soft NL100 tables until I’m ready to do the same move.
      We agree on this for sure: I think X Bankroll/40 = My stake BI or Xwinrate at NLY = Play NLY*2 is not the way to move up in stakes.


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