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Poker Forums => The Rail => Topic started by: Ironside on February 01, 2006, 09:43:38 PM



Title: Problem
Post by: Ironside on February 01, 2006, 09:43:38 PM
ok i have a problem

when i first started playing poker i put money aside from my savings as a bankroll this was purely as a bankroll and not to be touched for anything else when i decided to play round the country i put some more money in so that i could play bigger games, i also needed a traveling fund to pay for expenses such as flights, hotels, taxis and meals i am no snob and i am a working class lad who used to be in the army but i prefer not to scrimp on travel hotels and meals as i find i get what i pay for and like a little comfort.

here the problem lies, i decided that each month money would go into both my travel fund and my bankroll so that i can afford to keep traveling
and playing and not have to rely on being a profitable player (i play as a hobby, not to make money) the money was split 50/50

as luck would have it i wasnt losing money at the poker and overall my live play is only slightly down and my bankroll is infact bigger than it started due to me adding money to it each month so i started splitting the money 75/25 in favour  of traveling expenses,

now i dont want to be playing bigger comps as my roll wont cover them long term, but i want to be able to travel more to play more smaller events which my roll can cover, should i take money from my roll to help pay for traveling, or stop funding my roll each month and if i run out tough, or combine my roll with my travel costs and keep them in 1 account

anyone views welcome but if you say become a good player and win enough to cover buy ins and travel it wont happen as it would need a ROI of about 110% long term


Title: Re: Problem
Post by: Colchester Kev on February 01, 2006, 09:50:00 PM
Move from the @rse end of the united kingdom into civilization ... you would save shedloads :)


Title: Re: Problem
Post by: thetank on February 01, 2006, 09:51:48 PM

Move from the @rse end of the united kingdom into civilization ... you would save shedloads :)


Officially I'm offended but lmao


Title: Re: Problem
Post by: Ironside on February 01, 2006, 09:53:04 PM
Move from the @rse end of the united kingdom into civilization ... you would save shedloads :)

not an option as if i moved into a populated area of the UK my living expenses would mean either getting a 9-5 job or giving up poker


Title: Re: Problem
Post by: Scottish Dave on February 01, 2006, 10:02:16 PM
Move from the @rse end of the united kingdom into civilization ... you would save shedloads :)

 giving up poker
Hhhhuuuuuuuuuuu!

Blasphimer!!!!     ;tracet; :redcard:


Title: Re: Problem
Post by: Heid on February 01, 2006, 10:24:34 PM
Iron,

You only get one crack at life, do what you have to do to have a good time.


Title: Re: Problem
Post by: Ironside on February 01, 2006, 10:26:24 PM
Iron,

You only get one crack at life, do what you have to do to have a good time.

sorry but jail doesnt apeal to me


Title: Re: Problem
Post by: Heid on February 01, 2006, 10:27:11 PM
Well, if you can't have a good time without breaking the law...


Title: Re: Problem
Post by: The Baron on February 01, 2006, 10:31:30 PM
Personally I would have the one "poker bankroll". It's just clearer and easier to identify what you can afford.


Title: Re: Problem
Post by: Wardonkey on February 01, 2006, 10:33:55 PM
Personally I would have the one "poker bankroll". It's just clearer and easier to identify what you can afford.

That's how most people manage it.


Title: Re: Problem
Post by: Ironside on February 01, 2006, 10:41:05 PM
as an example the last time i went to the vic i played in a £750 event
travel expnses where

flights £195 return
hotel 2 nights £400 (marriot could save £160 at the metropole)
taxis £110
carparking £30
food £150
drinks £50


if i was to have a combined bankroll then my bankroll would not be big enough to play this sort of event infact any event over £200 would become a £1000 event and at the top end of the events i could afford by proper bankroll management this would seriously limit the events on the calendar i could play as there isnt much on offer freezeout for under £300

and playing in smaller event would mean that my bankroll would soon be decimated as the ROI i need would soon amount to around 300% if i was to cover travel costs and bankroll


Title: Re: Problem
Post by: bundle on February 01, 2006, 10:41:19 PM
Seems to me Ironside, That you are miles ahead of many players, with separate accounts for buy ins and travel, so I don’t think you will have much trouble in accomplishing your goals..

If I was in your position I would be looking at how many tournaments am I likely to play, what’s the average buy in. and likewise with the travel where do I intend to go to play this year and what will I need. Treat it like a business proposal to make this happen and I think it will tell you where the best place to put your money is


Title: Re: Problem
Post by: Gamblor21 on February 01, 2006, 10:47:24 PM
Just one thing...

How would your living expenses become to high if you move?

With all the money you would save on flights etc, surely that would cover it!

Room in Colchester i heard!


Title: Re: Problem
Post by: Ironside on February 01, 2006, 11:00:18 PM
the cost of renting or buying a house down there would be sky high and would cost more than the cost of my present rent, food and problery utillities (minus phone as this is sky high)

this would save me in flights and hotels but proberly cost me more in health


Title: Re: Problem
Post by: The Baron on February 02, 2006, 12:40:32 AM
as an example the last time i went to the vic i played in a £750 event
travel expnses where

flights £195 return
hotel 2 nights £400 (marriot could save £160 at the metropole)
taxis £110
carparking £30
food £150
drinks £50


if i was to have a combined bankroll then my bankroll would not be big enough to play this sort of event infact any event over £200 would become a £1000 event and at the top end of the events i could afford by proper bankroll management this would seriously limit the events on the calendar i could play as there isnt much on offer freezeout for under £300

and playing in smaller event would mean that my bankroll would soon be decimated as the ROI i need would soon amount to around 300% if i was to cover travel costs and bankroll

Obviously it's nice to cover costs but as you are a "social player" by your own admission, one bankroll ought to do it.

Surely if you combine the bankrolls you will still have the same revenue to cover the same sized events?


Title: Re: Problem
Post by: RED-DOG on February 02, 2006, 12:53:32 AM
Stop living so high on the hog and save the money for the important stuff, Poker!

My trip tp London

Hotel (Bug hut with no fancy bits) = £50 per night

Food (Macdonalds/KFC/casino freebies = £20

Drinks = £0

I know you have special requirements, but your not the queen ffs  :D


Title: Re: Problem
Post by: RED-DOG on February 02, 2006, 12:59:14 AM
Seriously Iron, I count all poker expenses, both online and live from the one bankroll (It's all poker)

any costs incured are deducted too

If I do good I travel more, if not, I wait until I build my roll up again


Title: Re: Problem
Post by: thetank on February 02, 2006, 01:07:57 AM
£20 for food?

Pah! Bring a packed lunch.


Title: Re: Problem
Post by: Ironside on February 02, 2006, 01:11:25 AM
guys its social for me thats why i buy good food, and a nice hotel close to the casino and preferably in a chain where i can be assured they cater for wheelchairs

if i was too combine the travel and the bankroll into 1 bankroll would i notthen have too add the travel costs to the buy in then work from there if its within my bankroll constraints?


Title: Re: Problem
Post by: Newmanseye on February 02, 2006, 01:14:40 AM
I did notice that the cost of all lap dances and entry fees to peppremint rhino were not included in your expenses!!!


Title: Re: Problem
Post by: Ironside on February 02, 2006, 01:17:26 AM
I have never ever been to a lap dancing club in london

even if i did go they would come under day to day living expenses and not my traveling budget


Title: Re: Problem
Post by: Newmanseye on February 02, 2006, 01:19:36 AM
I have never ever been to a lap dancing club in london

even if i did go they would come under day to day living expenses and not my traveling budget

Your kidding, anything goes in London too, I thought the fantasy bar in Edinburgh was good till I went to London.


Title: Re: Problem
Post by: RED-DOG on February 02, 2006, 01:21:00 AM
Yes you would,

But if you are doing it as a social thing, then the amount that you can count as avoidable or extravagant should not come from your bankroll

That dosn't look very clear, do you know what I mean?

ie, if you get an hotel for £150, but you could have got one for £100, you deduct £100 from your bankoll and count £50 as spent on pleasure


Title: Re: Problem
Post by: Karabiner on February 02, 2006, 01:21:56 AM
Easy solution Ironside.

Move to Nottingham. Reasonable cost of living with good quality of life.

Central location, and Rob Yong's club opening soon not to mention two new casinos under construction.

Rumour has it there is a "karaoke club" next door to Dusk till Dawn  ;)


Title: Re: Problem
Post by: The Baron on February 02, 2006, 03:22:03 AM
Easy solution Ironside.

Move to Nottingham. Reasonable cost of living with good quality of life.

Central location, and Rob Yong's club opening soon not to mention two new casinos under construction.

Rumour has it there is a "karaoke club" next door to Dusk till Dawn  ;)

Called Senoritas! ;)


Title: Re: Problem
Post by: Ironside on February 02, 2006, 03:25:18 AM
if i was to live next door to a poker club and a karoke bar i would be in so much money trouble i would be raking bins for food as i dont beleive in credit


Title: Re: Problem
Post by: BlueWolf on February 02, 2006, 05:10:38 AM


flights £195 return
hotel 2 nights £400 (marriot could save £160 at the metropole)
taxis £110
carparking £30
food £150
drinks £50




Seeing Tikay Bust out of a Double Chance Freezeout after 3 Hands - PRICELESS


Lol sorry copuldnt resist hehehehehe


Title: Re: Problem
Post by: thetank on February 02, 2006, 05:12:05 AM
Someone had to, I was wondering how long it would take for a Mastercard gag.


Title: Re: Problem
Post by: BlueWolf on February 02, 2006, 05:29:21 AM
well i dont post much at the moment and i'm bored at work and it was first thing that popped into my head when i saw it lol couldnt really decide which taglkine to use at first lol


Title: Re: Problem
Post by: thelodger on February 02, 2006, 04:37:15 PM
http://www.tgifridays.co.uk/promotion/january_voucher_reminder_349/?source=email

this voucher will save you a few squd, if your anywhere close to a TGI's in the next 2 weeks.


Title: Re: Problem
Post by: Ironside on February 02, 2006, 04:49:33 PM
i am on a diet dont think i can eat 2 meals at a time anyway plus the fact i like quality food and want my meat to be pure aberdeen angus not some left overs from an old mexican milking cow


Title: Re: Problem
Post by: thelodger on February 02, 2006, 05:24:03 PM
Maybe Red-Dog will find it some use?  :D


Title: Re: Problem
Post by: RED-DOG on February 02, 2006, 07:33:56 PM
Everything I eat must meet at least two of the following criteria

1:   Must be dead

2:   Must be edible

3:   Must be free


Title: Re: Problem
Post by: Dingdell on February 03, 2006, 02:34:18 PM
Everything I eat must meet at least two of the following criteria

1:   Must be dead

2:   Must be edible

3:   Must be free

Number one isn't compulsory??!