I almost lost my hard-earned bankroll in 2005. Over the course of around 8 months I had built a bankroll of $4,500 and was trying to transition from $100 to $200 HU sng's. I didn't know much about ElkY at the time, but I saw that he was playing 12 games at once. I figured that I would have a huge edge by single-tabling against him and focusing all my attention on the game.
His playing style ended up driving my crazy. He'd react instantly and always got the best of me. I thought I was just running bad so I played him over and over again, and ended up losing about $3,000. There was an unexpected urge to just blow the rest of my bankroll, so I shut off my computer and called it a night. I had to move back down to $20SNG's to regain my confidence and work my way back up.
I don't keep my poker bankroll in a single account any more...
Yeah, Elky is big time in the poker world now. This was about 4 years ago, before SharkScope was even around. He'd constantly be playing 15+ tables ranging from $1 MTT's, to $1,000 cash games, to $2,000 HU SNG's. I don't know how he does it...
hmmm, ok so this sites been under development for that long?
I only came here to check videos updates.
Is elky making his money from cash games as his sng look terrible.
GL
Steve
The site's been in development for quite a bit of time, but nowhere near 4 years. The post was about my experience of nearly losing my bankroll a few years ago. Thankfully I was able to drop down a few limits and bounce back / better then ever.
I had gone broke few times but with 50$ deposits
If I was to post every time I went broke, this thread would be 200 pages long.
If you can't admit to going broke, you're worse than just a bad poker player.
only been broke on $50 deposits on other small sites but my main site of stars i have never been broke. started with $36 deposit and haven't looked back.
I went broke as recently as this past July. I had all but quit poker, decided to return to school and become a teacher. After about a month of not even looking at a poker hand, I deposited 200$ and ended up placing top 5 in like 3 Mtts, played a bunch of 1-2 nl full ring, ran sick hot and made 9k in august and september.
The fact I'm still playing is a little unbelievable to me, it must be meant to be my game is solid as ever. If you ever go broke or lose confidence entirely, this time off is what saved my poker career.
I have never been as motivated as now.
I've never gone broke because i set a goal to never deposit money on a poker site. Ive used the $5 on the house from pokerstars and built my BR up to about 80$ playing $0.25 mtt and $1 sng's. My real big gain came at the end of this last summer when i actually took two weeks to really concentrate on poker. Haven't played in over 3 months due to school but want to get started as soon as i can again once i get a free second.
Going broke is not a shame, even Ivey did go broke in his early days.
You have to learn about bankrollmanagement before building a roll.
Yep, what doesn't kill you makes you stronger. It's good to know your limits.
I have gone broke before but it was a long time ago... I recently put 40$ in my account and built it up to 450 on Double up tourneys... but it seems like in the blink of an eye... Those coin flips I was winning like crazy just turned on me... even the 70/30 hands... like AA against 8-10... Cracked.... over and over and over and over.... I know it's not my bad play... it's others good luck... now my roll has dropped to less than 100$ and I'm pretty pissed cause A my stats look terrible... and not to mention Im losing money... Whats the longest cold card streak anyone has been on? Because this is getting to be Re-God-Damned-Diculous.... Just curious about everyone's thoughts...
Been broke, but always cash BEFORE the total loss. This leaves me with a small amount to build back up. Didn't really consider Bankroll management until did a few sit n learns on FTP Academy, and posted in FTP forums. So depositing $80, and jumping into big games, I didn't see anything wrong.
Now, I know better (lol), and if have $5 or $50, know how to stretch so won't be broke. (I swear, no more deposit on Stars, just have to build what I have. Did my last deposit for Tilt after cashing, same thing there).
Try not to go on tilt after a bad beat or bad run and decide to play higher limit games and risk losing your roll. If you want to play higher limits, play the games you SHOULD BE playing and save for that specific tournament/game you want to play and risk losing that amount and not your roll.
If you exercise good bankroll management with proper guidelines, your risk of ruin is very minimal.
one of my first nights playing poker online at absolute, i dropped about 300$
I played 100nl and got wrecked. I ran a hot streak in 50nl and thought i could move up and run just as good. needless to say I lost the 200$ profit i made that night within an hour, re deposited two times after, and busted each time. I stopped playing for a few weeks and started reading alot of books on holdem. read alot of sklansky's books, and a few 6 max sng e books.
Now that I know the game a hell of alot better, i moved to fulltilt and im playing consistent in the 5$ 6 player sng's. I just started playing poker about 3-4 months ago. I plan on slowly moving up levels.
Whats a good bankroll for 10$'s?
when i started out i was a real fish for sure. I played freerolls only fortunately, so I lost nowt at that time. I remember winning $200 and rejoicing, followed shortly by losing $160 and then slowly losing the remainder.
My brother was playing properly long before me, and pointed me in the right direction for the fundamentals I needed to get going.
after that I deposited 40 euros on IPN ( don't laugh!, I don't use credit cards etc)
I played sngs with reasonable success. getting my BR up to 200. I stopped playing for a long while, then moved skins. Ive lost all interest in SnGs now , but have moved on to my fave, MTTs.
enjoying it all now. having a four figure bankroll is pretty damn satisfying!
I've gone broke I think it was twice or three times when i first started out. First was $20 lol didnt take long to lose that. Then $50 took awhile longer to lose then another $50 i think went even faster. Took a long break. Almost a year i think. Then i started play again made another $50 deposit and managed to take that up to about $170. Then after sum discussion with a friend I decided to move from Party Poker over to full tilt becuase of the rakeback and fulltilt's rake on heads up was half that of party poker. Funny enough though i changed games and now I primarily play large tourns and 6 and 9 player sngs. Party poker sucks big time only thing i use them for now is placing my bets on sports lol. So I took my $ and put it into Fulltilt and have built it up to over $500. Sure most of my profit is from bonuses but I've been playing better now and I'm confident my bankroll will continue in the upwards fashion
I am currently "between bankrolls"....
I had no idea what I was doing when I first started playing and had to reload quite a few times. My nemesis was cash games, which I now avoid like the plague.
Around game 700 I ran into Marty Smith's BRM video as well as MZone training, game stages, etc. What a difference, check out my graph on Shark Scope since game 700 (Metaworld321). While not perfect now, it sucked prior to that. Technically, if you never play more than 5% of your set/original bank roll, it should take a string of 20 losses to lose it. If you're constantly losing you have not found the right game, level, or format at which you do best. Whatever you do, DO NOT MOVE UP thinking you can recoup your money at a higher stake. That is a recipe for Fish play.
I just realized recently that I do much better at 6 versus 9 seated tables. I am still a novice in the learning stages.
For responsible gaming, I think everyone should have to take BRM before playing, sort of like agreeing to terms and conditions.
Regarding Elky, I wouldn't swim against Michael Phelps for money either, no matter how good I thought I was. One Olympic swimmer actually switched to long distance swimming because he couldn't beat Phelps.
I prefer to play weakness, so I use Shark Scope tournament Selector. The weaker players are sometimes difficult to play because I have a harder time ranging their hands and their bets often make no sense. In the long run though, they usually crash and burn, making it easier to move up. Once you hit the better players ITM, regular poker logic returns. My point is, why would someone find a shark table and decide to play it? Right now, I'm just shark bait but I'm slowly building a shark cage.
When I first started I started on party poker and I went broke probably 4 times after depositing 50$ each time. I started with cash games and didnt really have any idea as to what i was doing. I took a break and now I'm playing at full tilt. I cashed in a freeroll and won 3.75, and from there I'm up to $100, but the last couple days I've ran so bad, getting bad beats in every all-in situation. It's starting to piss me off but I'm sticking to my game and staying at the same levels so I don't drop too far when I get bad beats. As long as you stick to a solid bankroll management then you should be able to keep playing through the bad beats, they can't happen forever!
far too often
Started on UB with a $100 deposit. Lost it in a few months cause I didn't know what I was doing. Swore off losing any more of my own money. Because UB lost my registration to a big free tournament they gave me $17 in tourney dollars. Learned how to play SNGs. Started at micro stakes. Took me forever to get back to $100. played larger games as my bankroll increased. presently have a $800 roll playing $10 sngs and $1 - $3 MTTs. When i get over a thou will move up to $20 sitngos. Someone else mentioned they have better numbers playing 6 person sngs versus 9 person sngs. I have noticed the same thing for me. Almost all of my profit comes form the 6 person SNG. Can anyone explain why this might be happening?
Sign up at RPM get great rakeback rates payed directly to your account! The promotions are the best out there. Use this link to get your rakeback account set up!!
http://www.rakebacknation.com/?affiliate=crackinhands3271
Then all you do is follow the steps
When I turned 18 me and a friend thought we were poker pros as we consistently crushed our home games... Deposited £600 and lost it in 3 days, went away and read a lot of books and came back and made £1000 over the next year playing cash (while I was at college), tried it in my gap year while I was working but never played properly... Then a few months ago I decided over summer I was not going to work and try poker one last time, 5k in 3 months, check my blog. I still have a lot to learn and my swings are horrible so far but I am trying to avoid going broke and bankroll management has saved my life, moving down a level can be horrible for the self esteem but if you can do it it will save your life...
After losing my first $500, I started to read pokerbooks. It really helped me!
It is terrible.
Elky is a pro, I'd say stay away.
His results are not great on pokerscope (fishy) but I think his bankroll would be huge.
http://www.pokerstars.com/team-pokerstars/bertrand-grospellier/
I bet his style may have been aggressive pre and post flop. never watched him but he wouldn't care if he won a loss and therefore hard to play.
Have your watch the video's on HU?
Not sure if they on the new site.
Steve