Flush
Join Date: Dec 2004
Location: Sweden
Posts: 260
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First: The reason I do this is because I am already at the lowest limits and my bankroll is not yet 12-15 buy-ins. And since I´m winning, I don´t see a reason to move down in levels by changing poker room or something like that.
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the primary thing you're doing is limiting your winnings on hands - the protection against losing a lot of money in one hand doesn't justify coming in shorthanded if you think you're a winning player.
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Why would I cut down just the winnings and not the losses? This is what happens:
a) If I have the best hand and I know it: I win less, because I don´t have anough money to put in.
b) If I have the best hand and think I have the best hand: There is no problem for me going all-in, because I only have put 1/40 of my stack to the table. At max buy-in, I would have put in 1/10 of the stack and I would probably be scared to push all-in with a hand I´m not sure of.
c) If I don´t have the best hand but think I have: If I´m forced to go all-in, I lose less than I would do with the max-buyin.
a): -
b): +
c): +
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Also, because you're limiting your winnings, you're really not doing anything to variance (cutting away from both sides).
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If I´m not totally disinformed (does that word exist?  ), variance means the curve of ups and downs.
up up up up up down down down down down down up up up up up up up up down down down
If I could change that curve to something like this:
up up down up up down down up up down up up down down
then I´m doing something about my variance. My $100 bankroll is slowly moving upwards and the swings are smaller.
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As rilla says above, you also take away any advantage you might have whatsoever in terms of stack leverage (your ability to make people fold because you have a lot left in your stack that they don't want to risk playing against).
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Correct, but instead I can make a call when a big stack bets hard and I think I have the best hand. I am less scared of big bets than I would be if I had a larger stack. If someone with a big stack thinks he can make me fold because I don´t want to risk my small amount of money, then I have the advantage.
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You become a push-over to anyone willing to push.
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If there is a lot of pushers, I just change table. I think that is a minor problem. If someone pushes and I have AA, then they are welcome! But if I would buy in with 1/10 of my BR, I would be more likely to fold in that situation.
I believe that max buy-in is the best choice in general. But given the fact that my bankroll is little I think my way is smarter.
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