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BGonline.org Forums
Bankroll Management
Posted By: Rich Munitz In Response To: Bankroll Management (Carly Robson)
Date: Friday, 16 January 2009, at 10:41 p.m.
No, you misunderstood. I am not suggesting or assuming that you play for $100/point.
I was saying that you should play for stakes that are high enough to be meaningful, but low enough so that they don't make you uncomfortable. Normally, people play for money in independent games with the doubling cube, and often they play chouette. It is not out of the question that in such a situation you could wind up being down on the score sheet by 100 points by the end of the evening (just as you could be up 100 points). This must be something that you can handle comfortably if it happens. If you cannot, then the stakes are too high.
If you are playing matches for money instead of straight money game play, it simplifies things because your risk on any single bet is limited to the fixed stake on the match. You are either comfortable with the bet or not, and if you feel you've won or lost enough for the night, or simply have played enough, you just stop.
The real risk comes in non-match money play where there is no limit to how high the cube can go in a single game where the stakes seemed quite reasonable when you started. In chouette, you can be playing against 4 people simultaneously and if all of a sudden, you're holding an 8 cube from all of them and getting yourself gammoned, you're looking at a 64 point loss in a single game. That is an outcome you must be prepared to handle. If the 8 cube was an easy take, you must not be thinking "I'd better pass this because I can't afford to lose 64 points if things go really bad".
Keep in mind that bankroll management is a matter of keeping your head making the optimal decisions at all times which means the stakes and the amount you've won or lost so far should not be influencing your decision at any time. The moment it begins to, you either need to stop, settle or change the stakes. In general, it is a good idea to start play with budget in mind and if you have lost that amount then stop. Some people are always in control and are not affected by a bad string of luck, but until you know yourself and if you're one of them, don't assume your decision making process will not be affected by the events. Give yourself a limit and cut yourself off. Reflect upon it the next day after your head clears and see how you feel.
Hope this helped.
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