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kpreston
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12-30-2007, 03:09 AM
Post subject: Bankroll Management
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#1 (permalink)
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Join Date: Dec 2007
Posts: 48
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Last year when I was playing online poker, I started with a BR of $50, and made it up to $400. I started playing above my stakes, and ended up losing everything by $8.00. This year, I'm trying again, and I'd like to pay more attention to maintaining a bankroll, rather than building one as quickly as possible.
I've read a few different articles on the subject, but there seems to be some conflicting/different "standards," and there are some points need some clarification on. Some articles say 20x-30x the buy-in. Some say anywhere from 300BBs to 2000BBs.
What rules do you follow when managing your money? When articles say 20x buy-ins, is it the max buy-in for those stakes, the minimum buy-in, or whatever you regularly buy in for?
I rarely buy in for the max, but should I still wait until I have 20x the max before I move up to a higher stake?
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pankfish
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12-30-2007, 03:28 AM
Post subject: Re: Bankroll Management
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#2 (permalink)
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Flush
Join Date: Sep 2007
Location: On Tony Romo's nuts
Posts: 385
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Quote:
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Originally Posted by kpreston
Last year when I was playing online poker, I started with a BR of $50, and made it up to $400. I started playing above my stakes, and ended up losing everything by $8.00. This year, I'm trying again, and I'd like to pay more attention to maintaining a bankroll, rather than building one as quickly as possible.
I've read a few different articles on the subject, but there seems to be some conflicting/different "standards," and there are some points need some clarification on. Some articles say 20x-30x the buy-in. Some say anywhere from 300BBs to 2000BBs.
What rules do you follow when managing your money? When articles say 20x buy-ins, is it the max buy-in for those stakes, the minimum buy-in, or whatever you regularly buy in for?
I rarely buy in for the max, but should I still wait until I have 20x the max before I move up to a higher stake?
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A standard buy in is 100 big blinds. When you see BBs mentioned it is referring to limit poker.
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kpreston
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12-30-2007, 03:29 AM
Post subject: Re: Bankroll Management
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#3 (permalink)
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Join Date: Dec 2007
Posts: 48
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Quote:
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Originally Posted by pankfish
Quote:
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Originally Posted by kpreston
Last year when I was playing online poker, I started with a BR of $50, and made it up to $400. I started playing above my stakes, and ended up losing everything by $8.00. This year, I'm trying again, and I'd like to pay more attention to maintaining a bankroll, rather than building one as quickly as possible.
I've read a few different articles on the subject, but there seems to be some conflicting/different "standards," and there are some points need some clarification on. Some articles say 20x-30x the buy-in. Some say anywhere from 300BBs to 2000BBs.
What rules do you follow when managing your money? When articles say 20x buy-ins, is it the max buy-in for those stakes, the minimum buy-in, or whatever you regularly buy in for?
I rarely buy in for the max, but should I still wait until I have 20x the max before I move up to a higher stake?
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A standard buy in is 100 big blinds. When you see BBs mentioned it is referring to limit poker. |
I should have mentioned I only play NL games. :-/
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JinxT4
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Flush
Join Date: Feb 2007
Posts: 265
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When articles/posters refer to the "buy-in", they mean a full/max buy-in (which is what most regularly buy in for). 20-30x full buy-ins seems to be the standard recommendation. For example, if you were playing .50 $1 blinds (aka 100NL), it would be recommended to have anywhere from $2000 to $3000. When you have 20-30x the max for the stakes you want to move up to, then you go for it.  So in the previous example, you'd probably move up to $1 $2 blinds (aka $200NL) between $4000 and $6000.
Some people prefer to have more buy-ins, and others are fine with less. If 20x works for you, go with that. If you prefer 30x (or higher), that's fine too. It's all about what you're comfortable with.
A good thread for you to read:
http://www.flopturnriver.com/phpBB2/...ers-t4971.html
Also some other good threads (non-bankroll related):
http://www.flopturnriver.com/phpBB2/...ul-t36037.html
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kpreston
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Join Date: Dec 2007
Posts: 48
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Quote:
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Originally Posted by JinxT4
When articles/posters refer to the "buy-in", they mean a full/max buy-in
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Thank you. That is exactly what I was trying to get clarified.
Edit: Good god! That means I need to turn this $8.00 into $500.00 just to move up to .10/.25 ($25NL). That's gonna test my willpower...
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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Quote:
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Originally Posted by kpreston
Quote:
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Originally Posted by JinxT4
When articles/posters refer to the "buy-in", they mean a full/max buy-in
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Thank you. That is exactly what I was trying to get clarified.
Edit: Good god! That means I need to turn this $8.00 into $500.00 just to move up to .10/.25 ($25NL). That's gonna test my willpower... |
I've done it, and I'm not the only one.
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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