Comments: Bankroll Management 101. Important to new players.

Well, a good player at micro stakes could live with 10 buyins becuase he would simply dominate the rest of the field which leads to low variance. As you increase the stakes, you run into more and more better opponents and therefore have to pad the bankroll to stave off risk of ruin.

-'rilla

I have to add that turbo SNGs and PokerRoom SNGs that are not turbos (that go as fast as turbos at the other sites ) require AT LEAST 30 buy-ins because EVERY SINGLE DAY YOU PLAY you'll be up or down 5 buy-ins
it's just that you can play 15 SNGs a day with such fast blind structures just single-tabling

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it just takes time for a player to get that kind of confidence ripp, you're totally right though.

there are players who could turn 1k into 10k in a month or less, but it might take a weaker player a YEAR or more to do so, due to confidence, experience, stakes they play, and skill levels.

My advice to anyone who is going to gamble it up, make sure the game is GOOD. Do not sit down with 8 other sharks thinking you're gonna get an easy $500 double up, because it's just not gonna happen.

Im sorry but playing with 3 buy-ins at 600 NL is just a really really bad idea. You will play scared, theres no easy way around it, and you have a huge risk of going flat broke. The players there are tough so dont think itll be cake-walk doubling up. Know you can beat the 600 NL game before you go and try this with even 6 buy-ins. Of course beating the 200 NL game doesnt count; I can beat the 200 NL game on Party but have difficutly to this day beating the 600 NL, its just that much harder. Plus 600 NL and higher isnt really about grinding anymore, its about bluffing and making moves.

Hello!

I'm new to this forum, but here goes anyway.

I'd say that as long as your bankroll doesn't matter then you could play with just the amount needed to buy in at all. Ok, the fun probably won't last for very long Smile

Let's say it's 6pm and I'm deciding wether to go down the pub or stay home and play some games, then I could happily create a bankroll of $30 (going to the pub and spending the evening there WILL set me back $50, but I'd like to shop snacks, some fast food and a sixpack so I'm setting $20 aside for that).
The $30 in this case is probably less a bankroll than the cost for the evening, and if I want to have fun for a prolonged time I should probably play $2 MTT and .05/.10 tables.

What it boils down to, I guess, is that when the money involved is money that hurts, then Bankroll Management becomes an issue.
For consumption, avoid spending money you need and NEVER spend money you don't have.

Sten

That's fine if you only ever what to play recreationally.

-'rilla

If I play Limit games and I have $300, I can play .50/$1 according to the accepted standard of 300 big bets. When should you try $1/$2? Wait until you have $600? Try it as long as you have over $300? What if I have $400 Could I or rather should I try $1/$2 and if my roll dropped back to $300 then you drop back down. A major issue I have always had is when should you try the next level?

Hello,
Been playing poker for a few years and have played mostly NL tournaments and $4/$8 limit.
My question is about how much money to bring to NL cash tables (live play). Tables like $1/$2 NL up to $5/$10 NL?

I just thought id add a little something on here.
If you play non holdem games for example omaha hi/08, draw, 5 stud, 7 stud but at limit not pot or no limit is the Bankroll Management the same as other limit based games? eg. 300bbs.
Just wondering for future reference.

I read somewhere you need less of a roll to play PLO/8, because the swings are worse because of the halving of the pot.

I guess you could go pretty easy on the BR demands for draw. It's pretty low variance and only 2 betting rounds

Just a noob question about micro @ PokerStars. I just want to get my feet wet and play some $0.01/0.02 tables instead of doing well at play money and seemingly wasting my time. The max-buy in is 5$ so 50$ would be 10 max buy-ins. Enough? I know it's less than the 15-buy-in policy.

I know 'rilla talked about $50 being a waste of time (worded differently), but I'm more about improving than making a dash for the big money (I know mirco won't teach me much, but I'll be studying up in the meantime). Bank account is broke-student status so saving 300$ to start at higher stakes might not happen.

Moving up according is of course a consideration, but I just want opinons on starting off.

I know this was covered b4, but I should definately come in $5 max buy-in each game eh.

Thanks in advance,

Johnny K

You could put in $50 and only buy in for $2. Stars $5NL has 0.01/0.02 blinds so its like a very deep stacked version of $2NL.

Alot of the players there only buy in for $2 so you wont be losing much if you start off like that, and that gives you 30 buyins. Once you build it up a bit you can start buying in full Smile

.

I started off (once I decided to get serious) buying in for $3 on the $5 stars tables. Most people buy in for much less (tends to be the good players that buy in full) so you should be fine.

so when talking about bankroll sizes - I see everyone on here multitables (as do I, but 2-3 is all i can keep up on at 6 max NL right now) - So when your talking about 15-30 buy ins (most seem to agree that 20 is a good number here on FTR), is that for EACH table your playing? That seems like a LOT of money to have, even at $25NL if your 4 tabling...Should we just stick to the 5-10% rule for multitabling?

20 buyins period case closed. No matter the number of tables.

The number of tables you play shouldn't be a function of your bankroll. It should be a function of your ability to multitable. I used to play 4 tables. I just begun playing 8 tables, and after a few 1000 hands of it, my stats haven't changed a lick. You're play shouldn't suffer due to the number of tables. The only thing you lack are physical reads on the players, the most important of which you can collect mechanically via PokerTracker and PokerAce hud.

I'm new to poker, but I realise that Bankroll Management is important.

I was just wondering if you .... don't know the english word for it Embarassed

,
you can do it in excel (application that comes with MS office), and it keeps track of what you earn and what expenses you have etc.. If so, what kind of information do you keep track of?

Now that's a quality bump Very Happy

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that's what I was thinking, guy just corrected Coco_bill, lolocorrectaballerments.

I have a question, you get dealt AA UTG and you limp? Then you get up and move to the button seat??

limp in and when nobody looks you gotta snitch the button. that´s the secret.

You were lecturing Cocco_Bill, that's the best bit Smile

lol awesome jack

Great stuff.

Thanks for all the imput.

JamesMH

Great stuff.

Thanks for all the input.

JamesMH

Does 20 times the buy in mean 20 times the max buy in????

If i'm playing .02/.05 the max buy in is $10.
Does this mean i need $200 to play these tables???

*Last edited by jyms on Fri, 18 Jan 2008, 4:55pm; edited 1 time in total*

20 x 100BB buy in. If you are only rolled for $5NL your roll is $100+, that would put 10% of your roll on one table if you buy in with 200BB's, and that's never good. If your going to buy in higher, you still need 20x and if your short stacking I would go with 40x. If your rolled to buy in 20x at 200BB's I would just move up. There is way more value in the next stake at 100BB's compared to the smaller blinds.

wow, spoon, i completely disagree. not with the calculations to br management, but with starting out with $40 and grinding.

what if a doctor wants to be a poker pro? or some dude inherits money?

i understand he may suck, but why not start with $200 at 10NL, if you can afford to? or start at 25NL with $500, if you can?

why not start off as high as you can, and move down accordingly due to bankroll guidelines until you find the level you can beat?

its the "Led Zepplin" concept. Led Zepplin went to Atlantic records while still an undiscovered band back in the day. people thought they were nuts for starting with the best record label in existence, at the time. but, when Jimmy and Robert got asked why they were that gutsy, they got a great response...

why not start as high as you can and work your way down? that way you dont waste time in starting off too low. have confidence in yourself and your abilities, and let the industry tell you your not. dont ever tell that to yourself before you even try.

So you would have a 4 year old start out with no training wheels, then let the bike decide how many he needs? Or maybe start driving Transport trucks and just downsize when you crash, until you end up with a pair of Nikes? IT isn't jsut about winning money, it's about foundation, learning why, and ingraining habits. When your getting stomped at $25NL because you have no clue, $500 is nothing, and may not make it to 10K hands. Watching chips slide across the table does nothing for the learning curve.

While we already bumped this one, I would like to add that "15+ buy ins" for SNGs is not enough by far imo. Cant speak for regular speed SNGs though, as I dont play them. But I have a avg. ROI of 10% and even when grinding the $6.50s I had 20 BI downswings and 500 game break even stretches. So for turbos I want at least 30 BIs (for lower BIs. moved up to the $16s at 50 BIs). Dunno if you can really get away with half of that at regular speeds.

great thread, me!

Thanks for the suggestions, for limit I usually buyin for 50BB & although, I see a lot of pple go in w/ 30BB.

I generally play at levels that I have 30 to 50 buy-ins at I play Bankroll Management big time I like to be able to take a hit and keep on ticking just like I did in football built my body to a hilt so when that 250 pound linebacker comes to hit you as a running back you want to be in thde best shape you can be to take the hits and keep carrying the ball to move your team toward victory.

Poker is the same way if your bankroll isn't big enough to take hits and pound forward and go to higher levels then your not building it the right way or you need to learn the fundamentals all over again to becoime a force in the poker world I'm with soupie when he says you need to specialize as an on-line poker player becuase there are way to many types of games you can play out there and by switching from one variation to the next your not going to be playing at optimal levels of play at least for the first few blind orbits which will take away from your profits. So,I recommend the same thing soupie does be a specialist .

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Comments: Bankroll Management 101. Important to new players.

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Comments: Bankroll Management 101. Important to new players.