Wednesday, September 14, 2005

Stop Winning™

Stop Winning™ is a bankroll management idea that has come from different sources. I'm sure I haven't really invented anything here. I give it a funny name because, ah, I want to. It seems to be a very solid concept on how to extract solid $ from a table.

Buyin for 1/3 max at the lowest limit. You should be one of the shorter stacks. As such, you have a great opportunity to be doubled or tripled, but your max loss is only your initial 1/3 buyin. You have a specific target; you leave when you have 4/3rds of the buyin. You stop here. This is your Stop Winning point. This is level 1.

Once you leave, you buyin at 1/3 of the next limit. You are now not only freerolling, you have 2x your initial buyin in your pocket. If you should lose your buyin, you start again at the lowest limit. Do not rebuy at the same table. If you advance 3 levels, you should have almost 14 initial buyins.

Benefits:
You should now be able to play without mentally being too attached to your money. After the first level, you have none of your money at risk in this scenario. At higher levels, even losing 'everything' will leave you with a massive gain on your initial investment.

You play at much higher limits than your bankroll would normally allow.
You're increasing your 'main' bankroll by leaps and bounds each level.

Drawbacks:
You may have to leave a very profitable table when you reach your Stop Winning point.

It's a Ponzi pyramid scheme. And there'll be no shortage of people to support this pyramid. So far, so good. I've enjoyed my largest cash table gains in the last 2 weeks since starting Stop Winning™, even with my normal basket of rivers and bad beats. I'm getting excited.

All this assumes, of course that your bankroll needs to pay attention to these types of swings.

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