Your Bankrolling Odds in Poker

I played a full slate of sit and go games over the weekend at Full Tilt, Poker Stars, and Cake Poker. I am happy to report that I made upward trends in the bankroll at each website, but not without the usual frustrating bad beats and random coolers getting in the way on occasion.

The good thing about bad beats is that someone has made an error playing against you, so really, they are bound to give their winning back simply because of indisputable laws of poker math. Poor decisions will result, over time, in losing money. However, the poor decisions do not necessarily start at the table. As I found while playing this weekend, table buy-in and competition is your first big decision.

You can view the lobby of a sit and go tournament while it is filling up, so when I play the $20 and $30 buy-ins I sharkscope my opponents before I commit. There was one 9 seated $30 table that had 4 players patiently waiting for 5 more entries. I scoped each one of those players to find they were all sharks with rounder style graphs reaching for the sky – all four of them I am not kidding. Even when I play my best, these guys know how to adapt and exploit my weaknesses to the point it made no sense for me to join that table. In fact, I think at least two of them should have reconsidered playing that sit and go. I mean why seek out the toughest competition? So that was a good decision for me.

In joining other games that day at these levels however, the above example was actually rare. I researched every opponent I had that day and found that the majority of players were playing above their bankroll. How do I know this? Well sharkscope does offer information like ROI%, but it also shows total profit and from there it’s easily discernable that a player sitting down at a 30 buck sit and go table with a lifetime earnings negative $338 simply shouldn’t be there.

At $20 and $30 sit and go tournaments your bankroll should be at least $500, To me a $1,000 is probably more like it, especially if your skills aren’t up to par with a bankroll you may have padded with a “fortunate” win.

Here are some other observations of random players I saw at these tables:

Total profit of $112 over 2,354 games.

Total profit of (negative) -$3,225 over 1,821 games.

Total profit of (negative) -$1,003 over 231 games.

It went on and on. Is it any wonder then that the majority of players lose money playing online poker? You simply are not giving yourself a chance to win in the long run, by playing tables higher than your bankroll allows. Astoundingly, at least 4 of every 9 players at at each table I searched over the weekend were there above their bankroll and long term losers at sit and go tournaments.