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The Brian Townsend Aggressive Bankroll Management Challenge


deadlydaveLDN

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NB : There is a $50 reward for anyone who at anytime catches me not following the rules of this challenge. Yes, I know I said I was quitting poker for a couple of months. And yes, I know I said I was going to play tons of MTTs. And I probably signed up for that 2m2k thing too. There's a pretty obvious pattern emerging, and that's that I don't finish (or even get very far with) challenges. Yesterday I read something written by Brian Townsend from a few years ago. For those of you who don't know him, he once managed to move up from something like 50NL to 40kNL in less than a year. His aggressive bankroll management was simple. Start with 15 buy-ins for whatever level, and keep going until you have 15 buy-ins for the next level. If at any point you drop to/below 12 buy-ins you should drop down. Nothing revolutionary really, but very much different to my very conservative bankroll management. Meanwhile, I've been thinking about what I like about poker, in order that I can concentrate (for at least 3 days :lol) on that. I came to 3 conclusions. a) I like winning money b) I like being better than other people at poker c) I like being better than I was in the past at poker I've also thought about why I'm not discipline in poker and came to 1 conclusion - I don't like spending a lot of time achieving very little (ie playing 250k hands and still being at the same level because I'm too scared to move up). So put all this together, and I will be following Brian Townsend's bankroll management, and trying to move up the levels.

  • I will be starting with a bankroll of $1500 at $100NL 6-max NLHE
  • I'll be moving up if I have 15 buy-ins for the next level. I'll be moving down in I don't have at least 12 buy-ins for the current level
  • The levels that I will play (assuming I don't drop below $1200, in which case I will move down to 50NL) are 100NL, 200NL, 400NL, 600NL and 1000NL. If by some freak of nature (and I don't expect to) I get to 1000NL, I will re-assess.
  • I'm currently playing on an i-poker skin which stores my money in GBP - therefore it's possible that currency fluctuations may force me to move up or down.
  • I will mostly be playing 4-tables at once (this rule is not applicaple to the $50 reward).
  • I will not be playing any MTTs, SNGs, etc, etc, unless it is posted on here beforehand, and not paid for out of this bankroll. I don't expect to plpay any MTTs soon, but will probably be playing quite a bit of the miniFTOPs

I will be posting on here regular updates, including my bankroll, and what level I am currently at. Anyone who catches me playing at the a level above my bankroll or a non-posted MTT/SNG (my username on i-poker is deadlydaveLDN) will be entitled to a $50 reward. I actually started this earlier today, so my bankroll is slightly above $1.5k Current Bankroll = $1605.63 Current Level = $100NL

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