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teddyfist
Joined: 24 Dec 2005
Posts: 5
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 Posted: Tue Dec 27, 2005 7:06 pm Post subject: What's more important? |
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| This may be a personal thing, varying from player to player but which should be more important to me now early on in my career? Should I be more focused on building my BR, or putting money away in savings? Of course I partake in both - but I just wonder which one is more important? Building my BR is great, because if I'm beating the game day in and day out... as my BR increases so does my weekly, monthly and yearly salary. But, psycologically... putting money away just makes me feel 'secure'. |
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rhandy
Joined: 26 Dec 2005
Posts: 6
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| Posted: Tue Dec 27, 2005 7:07 pm Post subject: |
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| There's no reason you can't do both. You should just develop a system.... like 10% of every winning session... 25, 50% of all net profits... 25% of every winning day.... and just be in the habit of sending that to savings. The only reason that money put into savings would hurt your ability to earn income would be if you have to play lower because of a lower bankroll. In that case, I'd say just be patient with your stakes and/or diligent with your spending to allow you to fund both your bankroll and get your savings started. |
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DeepBlue
Joined: 19 Dec 2005
Posts: 93
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| Posted: Thu Dec 29, 2005 9:49 pm Post subject: |
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| Good advice Rhandy, I always like to have some in reserve in case of a "bad night", so I know that I haven't lost the lot and I've always got a little to play with should I feel the urge for a gamble. |
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BigAl
Joined: 16 Jan 2006
Posts: 23
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| Posted: Wed Jan 18, 2006 11:19 pm Post subject: |
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Ahh, definitely both. At least your savings will still be there in the morning! It's important to understand the value of money, and if you're still young then you want to be putting money away and just putting a little aside to play with.
Just make sure that your savings are just that, and not a top-up for your BR should you have a few bad nights. |
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ThomasR
Joined: 19 Dec 2005
Posts: 10
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| Posted: Thu Jan 19, 2006 11:22 pm Post subject: |
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I'd be inclined to put more away than I gambled with, but it's important to build up a BR and stick to it. No putting your savings on the table after a few bad nights.
Also, I would advise pulling money out of the poker fund and putting it away from time to time. It will take longer to work upto the higher limit tables, but you will feel like you're playing for something and not just to gamble it away again. |
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louis
Joined: 04 Jan 2006
Posts: 25
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| Posted: Sat Jan 21, 2006 12:44 am Post subject: |
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Depends how young you are. If you're really young, save it - even if you're more mature in age, you should be saving for the future, but it's especially important when you're young.
Moving away from home certainly taught me a few things about money, and I generally have far less floating around now than I used to so I can't stress enough how important putting some aside will be. However, if you're already on your own then you can play with a little more, just don't put any vital cash such as money for the bills on the line. |
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DeepBlue
Joined: 19 Dec 2005
Posts: 93
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| Posted: Tue Jan 24, 2006 7:33 pm Post subject: |
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Good points there - a lot depends on age and current situation. Some lucky people have the money to gamble with, and some people really don't... but gamble with it anyway.
If you're young I can't stress the importance of saving, but again I know that it's important to enjoy life whilst you haven't got the pressures of erveryday living so I'd be tempted to play with more.
You soon learn to appreciate the value of money though, so don't go overboard or you'll be tossing burgers and begging for overtime. |
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