Free Bankroll Tracker! for dummies!!! (PART 2)

Free Bankroll Tracker! for dummies!!! (PART 2)By jontm Feb 07, 09 06:30 PM
It is avilable from alot of different places and compatibale with all systems.......user friendly......A calander!

Write down your wins and loses and your buyin and wether it was a cash or tourney, casino or home game.

This handy tool can also be used to track monthly bills and switching colors allows for multiple users. The data can than be uploaded manualy and numbers crunched using your computers "calculator".

I share mine with my wife, whom I also bankroll. Although she plays less (and SOME might say better when she does), this system allowed us to calculate a 2.5k profit for her in 2008.
So for those who follow my blogs, no I didn't spend that money twice...she likes to "invest" her profits on bargins, toys for us and things "for the family" like furniture or her nails........
We went to Vegas together and if we had won enough in the first few days, one of us would was to play a $1500 WSOP event. Didn't happen, but she sure did shop and away from the tables we had great food and good times.

The IRS (E) living large lifestyle....LOL.

All jokes aside, its to easy to ride the highs and not spot the lows if you don't keep even rough records. This is usually how players find themselves in trouble....not keeping books.
Bad beats are overhead but usually won't put you in the hole.
Not having a clear picture of dips will leave you without an indicator that a leak has sprung or that you need to step down.

With my method at years end I like to subract another 25% as a safety margin for missed entries, expenses like gas to out of town events etc. Just another way to keep things honest. Being more in the green than you know is better than the opposite.
Keep in mind aside from your profits you still get alot of fun nights, some comps here and there and alot of steaks on the barby with friends!

There is big line between profitable and success full play and proffesional play.
With higher costs of livings and a starving economy, I thought it would fun to show alot of players can still be active with no more than the empties!

Take care and Good Luck!