Join Andrew Neeme as he tackles the complexities of poker bankroll management, tournament play, and the nuances of tipping etiquette – all while sharing personal life updates and scenic views from Michigan.
Andrew Neeme: Andrew Neeme is a professional poker player and well-known poker vlogger, living in Las Vegas, who shares his experiences and insights into the game through his YouTube channel. He has a significant following on social media, where he posts regularly about his poker adventures. Neeme is recognized for his thoughtful approach to the game, including bankroll management, the differences between cash games and tournaments, and the psychological aspects of poker. With a background that includes a willingness to explore various career paths, Andrew has integrated poker playing with content creation, becoming a respected voice in the poker community. His insights extend to practical aspects of playing poker professionally, such as handling variance, managing bankrolls, and the intricacies of tipping dealers. Neeme's recommendations and personal preferences, such as his favorite book 'The Tao of Pooh' or his favored poker venues like the Wynn/Encore and Aria, reflect his well-rounded life outside the felt, which includes reading and appreciation for diverse environments.
Bankroll Management: Tailor your bankroll to your personal comfort with risk and anticipate sizable downswings based on the stakes you are playing.
Separating Finances: While some players keep a life roll separate from their poker bankroll, others view their net worth as a whole but ensure they have a buffer to cover life expenses.
Tournament Strategy: Choose between tournaments and cash games based on personal preference and tolerance for variance, and consider the economic impact of tournament winnings on the poker economy.
Table Image: Understand that your table image only matters to players who pay attention to it and adjust your strategy accordingly based on the type of opponent.
Tipping Etiquette: Tipping can significantly impact a professional player's yearly income, so develop a consistent and sustainable tipping strategy.
Personal Update: The video host is in Michigan helping his mother after her back surgery and shares a bit of the local scenery.
Bankroll Management: Explains the lack of a set answer regarding the appropriate bankroll size for different stakes due to individual risk tolerance and emphasizes planning for downswings.
Separating Poker Bankroll and Personal Finances: Discusses the challenge of managing poker and personal finances, suggesting that preferences vary and some may choose to keep funds separate.
Future Poker Career: Explores the possibility of transitioning from poker to other careers, while also acknowledging the parallels between poker and trading.
Tournament Play: Shares thoughts on tournament variance, personal preference for game types, and the impact of top-heavy payouts on the poker economy.
Table Image: Considers the relevance of table image, which only matters to players who pay attention to it, and how it may affect decisions by different types of players.
Poker Tracker App: Recommends Every Journal on the app store as a useful tool for tracking poker sessions.
Tipping Dealers: Discusses personal tipping habits and the financial impact of tipping on a professional poker player’s annual income.
Q&A Session: Answers various questions from the audience about poker, life, and personal preferences.
This article is a summary of the video Thoughts on bankrolls, tournaments, and tipping... by Andrew Neeme published on October 28, 2016 at 09:44:29.
Q: How should I manage my poker bankroll for different games and stakes? A: Bankroll management is highly individual and should be based on your personal tolerance for financial swings. Plan for significant downswings and ensure you have a cushion to handle them. For example, a downswing at 1-2 No Limit might be around $3,000 to $4,000, so having double that as a cushion could be a conservative approach.
Q: How do I balance my poker career with my personal life? A: Balancing poker with personal life requires setting clear boundaries and prioritizing your commitments. Allocate specific times for poker and ensure you are present for family and personal events, adjusting your playing schedule as necessary.
Q: What's the best way to separate my poker finances from my personal finances? A: Some players keep a few months' worth of expenses in a 'life roll' while others simply manage a combined net worth that encompasses both poker and personal finances. Find a system that helps you avoid dipping into your poker bankroll for personal expenses, even if that means keeping separate accounts.
Q: Should I focus on cash games or tournaments in poker? A: The decision to focus on cash games or tournaments depends on your personal preference and tolerance for variance. Tournaments have higher variance but also the potential for large payouts, while cash games provide more consistent winnings. Assess what you enjoy most and where your strengths lie.
Q: How can I assess tournament structures and their impact on my play? A: Consider how different payout structures affect the overall poker economy and your individual game. Top-heavy payouts can lead to significant withdrawals from the poker economy, whereas flatter payouts tend to keep money circulating within it. Choose tournaments with structures that align with your financial goals and playing style.
Q: How does my table image affect my poker play? A: Your table image matters to players who are observant and consider image in their decision-making. Be aware of how you're perceived, but also recognize that not all players will alter their play based on your image. Adjust your strategies accordingly.
Q: What is the etiquette for tipping dealers and staff in poker? A: Tipping is a personal choice and can vary. A common practice is to tip after winning a pot that goes beyond the flop. Be mindful that tips add up, so consider a balanced approach that is both fair to service staff and sustainable for your poker profitability.