I've played live poker for about 6 or 7 years now. I do really well LIVE so I started playing online poker as of last year. I deposited a little money on
Ultimate bet and did nothing but lose it all. So I put $25 on Bodog, and ran it up to $250, started playing no limit, and lost it all on a couple good hands I flopped (flopped trips with 2 blanks and went all in and someone called to hit runner runner flush, then flopped a nut str8 and some1 pushed and had trips that boated on river). I was down to like .87 cents and ran it back up to $270 (i know thats sick but I really did) and then had the same streak of bad luck again. Some have said "you ran up .87 to $270 thats awesome, but my view is that I did it twice and lost it twice and thats not awesome in the least. I realize now that maybe I shoudn't be playing NL on any site if I don't know what I'm doin (which I've put my money in with the best hand showing). So here's my "Question".....Should I distribute my money amongst all sites, or put it all in the one that I've won on in the past? As my friend is up $800 on ultimate bet, but I only lost money there. I'm up on
Bodog but he's never won there...Please share your wisdom with me o' great ones...
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15 comments
There's no way you should lose all your bankroll in a single hand. If you play cash game, use Ferguson Bankroll management : go to a table with 5% of your bankroll and leave the table when you have 10% of your bankroll in front of you.
Using that strategy will limit you to lose between 0 to 10% of your bankroll in a single hand.
The downside of that s that force you to play on lowest stakes but if this is not a shame to do that
Personally, I distribute. I have 3 sites I like very much, and the reason I break up the money is because when I have a bad run, and I mean a BAD run, as I have latley with Poker Stars, I switch sites. I havent played PS in about 2 weeks, and have had a great run of play at another site. If my luck shifts, I can always go back to PS.
I suppose its all a matter of preference, but thats what I like.
play em all
but not at the same time, for some reason when i play stars and tilt at same time only stars pops up and i time out of full tilt a lot
I play in 3 sites PS, FT and Bodog. I find different type of players in Bodog but, I like all 3, PS has the most FR and I enjoy playing them.
Take care and best to you on the felt
Beez
I really think it depends on what level you play at. I am a low stakes player, but that doesn't mean I can't lose a decent bankroll in a really short time. That means that I have to take advantage of any special offer that comes along.
I guess the only regret I have about online poker, besides losing sometimes, is that I didn't establish my FullTilt account thru a rakeback site. If anyone knows how I can get that done retroactively, I would appreciated it. I have already missed out on a nice piece of change. If, or should I say when I lose my bankroll there, I will start looking for a better offer at a new site.
It all depends on what you are looking for...
If you are looking for something really common - say low buy single table holdem sngs, then playing a single site can make a lot of sense. (it can simplify things like bankroll mangement)
On the other hand if you are looking for something less common - say Omaha MTTs, then you may need several sites to be able to get what you want when you want it.
I used to play several but now I have narrowed it down to FT the most ,I like everything about it , PS I play rarely ,I just don't like the old fashioned software or the 1 outers lol or the lame freerolls , I do have bodog but have only played in one railbirds game to try it out so far I'm not impressed with their software , the tiny screens and chat just annoy me personally.
The point is I think it is best to be selective and put your efforts into 1 or 2 favorite sites instead of building a little bit here and a little bit there all over the place, also it's very important to pick a site you're comfortable personally , I like having at least 2 sites because you can just switch over during a bad run ,gl
WISDOM...aw c'mon. LOL
Live is MUCH different. Obviously online you cannot get anywhere near the read.
Perhaps you are more suited to in-person play than against cyber-opponents.
I'm not sure I am espousing wisdom...merely a suggestion.
I have $$ on 4 sites, though mostly play Stars tourneys and sngs.
Enjoy yourself.