Comments: Bankroll Management 101. Important to new players.

I agree that it's best start @ the lowest level with $60 to $100 (or less) and grind your way up. Aside from all the benefits that have been mentioned, it's also important because you STAY AWAY from all the bad habits and frames of mind you can fall into by starting too high.

No matter what level you're at, you want poker to be FUN. So, even though it's a grind, it should be a fun one. If you can't have fun playing @ the lower levels, then it's going to hurt you later when you HAVE to move down and tempt you to take shots and that whole ball of wax.

Ask yourself if a multi-millionaire pro like Chris Ferguson can motivate himself to grind out a $1 to $20k (twice) and zero to $10k, why can't you do it with $60 or $100? Why is there a rush to move up? Poker will always be there 24/7/365.

If your goal is to be a good poker player, have fun, and move up, I think starting at the lowest is the BEST way to go. By not doing that, you're going in with a bad mindset before you've even been dealt a card. Now, if money is no object and learning the game or moving up doesn't matter, then sure, start wherever you like.

I am probably quite good at Bankroll Management. I have been tinking lately how important Bankroll Management is, for everyone, in order to make a long term profit without going broke.

i am new here and i just want 2 say that i love this game Smile

great to met you! Very Happy

Well... I actually lost $300 in about 2 months, and I'm not exactly feeling proud of myself, so, happily I guess I'm not a "donkey" anymore. I had to learn what you say in your post by heart Crying or Very sad

Hi guys.

I was thinking if someone could do me a little favor.
Today i will start to play with bankroll manegmet for the first time, so i thought if someone would be kind to help me out with wich tournaments i should play and so on.
I will deposit 20$, but I'm not sure what kind of tournaments i can play both for making it interesting and not to risky using to much cash.

And yes, i only play tournaments, no SnG or cashgame.

Sabr

I both wanted to bring this post back to the attention of the newbies on the site and mention I re-read it today as part of my re-education process... and pose a simple question (ran out of time reading the replies)...

Rilla, and others, do you feel 40-50 buy ins is a conservative amount to consider moving up a level playing only 6-max No Limit? Or is that too high/low to risk moving up a level....

I am a BR Nit and considered conservative by most. My philosophy is move up when you have 30 Buy-Ins for the next level with exception of 5NL (20 Buy-Ins):

Start @2NL
@$100, Move up to 5NL
@$300, Move up to 10NL
@$750, Move up to 25NL
@$1500, Move up to 50NL

Incorporate a "Stop Loss" at -10 Buy-Ins for a given level, move back down to previous level if that happens

Hope this helps, I find that this strategy gives you the confidence to know you have really beaten a level and also helps to ease the inevitable stress of variance, coolers & bad beats.

I've got a quick question. I'm quite underrolled for even NL2. Only ~30$ in my account which puts me at 6 buyins. I've tried to combat this (and allow myself to multitable 10+) by doing 100BB buyins. That is 2$ at NL2 even though max buyin is 5$.

Should I look to change this pattern? Or stick with it until I move a bit higher in my bankroll?

You have plenty of roll, just Buy-In for 100BB.

This is also good practice because as you move 10NL+, your opportunities for starting >100BB deep are much less.

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Comments: Bankroll Management 101. Important to new players.

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Comments: Bankroll Management 101. Important to new players.