There's a kid, and I'm talking about the Ashman here, there's a kid who's spun up rolls and busted them more times than he can count. Right now he's back on top, and there's no way he could have done any of it without "poor" bankroll management.
A great writer once said that such bad financial management is typical of boorish Americans, and I agree that there's something very American about risking the farm for a shot at the big time.
When I think about this in relation to me and my poker game it makes me question whether proper bankroll management is actually optimal. For me, and I suspect for many semi-serious poker players, the money I make from grinding out SSNL, SNGs and MTTs won't be changing my life anytime soon.
When I make a few thousand I withdraw it because I like to see the real-life results of my time on the virtual felt.
The profits are a welcome disposable income but the bottom line is that not much would change should I lose it, bust my online BR and go on to reload.
On the flip side, taking shots and playing above your bankroll, especially in bigger buy-in MTTs, could get you a score that would do more than pay for a weekend of partying.
There's also an opportunity cost associated with the low-limit grind, one that's familiar to everyone who does it for any real length of time.
It gets boring. It's hard to be motivated, even when you're showing a good ROI, when your profits fail to have any significant impact on your life.
Big games and big tournaments are more fun and it's the dream of a big score that makes this true.
There's an obvious solution to my problem. Stop withdrawing every time I get some money in my account, and play bigger tournaments.
The first step I will take is to dedicate the time I spend grinding to satellites so I can still exercise some bankroll management while playing events I wouldn't otherwise be able to buy into.
So help me out. What are the best sites to rock the satellite route? What are the hidden gems that I don't know about? Use the comment section below if you have some input.
Gdm the grind.