Just off the phone with my beloved who is in Atlanta for a show. He is bemoaning the fact that that he was bored and wishes I was down there with him.

Oh honey... if I was down there with you, you'd still be bored. I would be out hanging with the degenerates, getting into all kinds of pokery mischief.

Damn. Wish I was there.

****

I'm going to jump on the bandwagon, and join Ski, Waffles and other bloggers in the Chris Ferguson Challenge. Bankroll management, like weight management, has proven beyond me in the past due to a total lack of any self-discipline. It seems the way to stick to it is to make it a challenge and make it public. (BTW, down 8 lbs in the Lose 30 by Vegas Challenge - 22 to go!).

I'm starting with $100 on Full Tilt, and the goals are to 1) work on developing more focus during online play, ie, stop treating it like a video game as Loud would say; 2) develop a better ethic - be a thoughtful player rather than a donk who's waiting for a big hit; and 3) make some monay!

So the rules are:
  • Never buy into a cash game or a Sit & Go with more than 5 percent of my total bankroll. Exception: can buy into any game with a buy-in of $2.50 or less.
  • Don't buy into a multi-table tournament for more than 2 percent of my total bankroll. Exception: can buy into any multi-table tournament that costs $1.
  • If at any time during a cash game the money on the table represents more than 10 percent of my total bankroll, I have to leave the game when the blinds reach me.
  • Acting like a donkey in a blogger game is fun as hell, but -EV for cash. A blogger game buyin must be earned, and can only be taken from net gains, not from my base bankroll.
How's that last one for incentive?

I've been playing around with it this weekend (down 20 on Friday, up 20 on Saturday), but am making my official start today. My tracking spreadsheet can be found here.

3 Responses to “”

  1. # Blogger The Wife

    Kat:

    Thanks for reading my John Cusack blog - he is a pretty yummy man over 40. I'm not quite there, but the 20 somethings don't do it as much for me anymore.

    Loved your thoughts on bankroll management - I'm going to forward it to DrChako - he can build it up and then lose it again as quickly, so maybe he could learn too!

    Keep reading and keep blogging!

    PS: Went back and read your 100 things post - your comment about being a cat and having the trade off of bad food for 20 hours of napping hit home!

    -The Wife  

  2. # Blogger Godard

    Looked at your spreadsheet and you already entered a MTT for 5% of your bankroll. Naughty.

    Is the donkament open to blog readers as well as bloggers?  

  3. # Blogger ASHMC2

    Great spreadsheet Kat. I hope you don't mind, but I borrowed your spreadsheet and made it work for me. It saved this lurker a lot of time. Thanks.

    Good luck on your challenge.

    Later, Ash out...  

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    Katitude



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