Monday, July 7, 2008

When I grow up...

"Being broke is childish."

These were the words of a good friend during the last Vegas trip. If this maxim holds true, I've been shitting my diapers for four years now. That's right. I'm a toys 'r us fish.

But back to my buddy, who I will refer to as Quadducks. He's playing day three of the main event today with a healthy above average stack of 125K. Quadducks has satellited into the main event twice, cashing in the '03 Moneymaker year (98th place). Wishing the best of luck to him.

His success serves as inspiration to my fishiest of flaws: bankroll management.

Thus, I present my newest bylaws regarding bankroll management.

1. Risk no more than 5% of the bankroll in any cash game.
2. Risk no more than 2.5% of the roll into any tournament.
3. Never sit down with less than 20 BBs at any limit cash game.
4. Deposit, deposit, deposit.

Online bankroll and live bankrolls operate as two separate entities. These rules apply to each bankroll. Also, a separate life bankroll will be used exclusively for expenses (rent, utilities, food, etc) and can never be used to fund the other bankrolls.

Well there ya go. Three separate bankrolls managed by three separate accounts. Hopefully they don't conglomerate into one big incestous blob before imploding into a big fat zero as the individual roll has so many times before.

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