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Moving up in stakes?

  
 
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aka_red
Old 11-26-2007, 10:30 PM     Post subject: Moving up in stakes? #1 (permalink)  
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hi everybody i recently deposited 50$ on stars and been quad tabling the .05/.1 ive been doing alright i guess anyways i was just wondering how do you determine when you are ready to move up in stakes i understand there are several factors including bankroll managment and how well youve been doing wiht bb/100 and what not
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biondino
Old 11-26-2007, 11:40 PM #2 (permalink)  
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Think of the bankroll first. Are you playing limit? You want 300 big blinds in the stake you're moving up to, so if it's $0.10/$0.25 you need $75. If, However, you're playing no limit, you need $500 to move up (20 buyins at $25NL), and you should be playing $0.01/$0.02NL right now unless you've managed to quadruple your bankroll.

So, assuming your bankroll is big enough, you must be a winning player, so it's safe to have a shot at a higher level. Much more important is to be mentally ready for the increased variance and bigger losses you can suffer per hand - but you can't play scared or passive as a result. Play solid, ABC poker and you will win while solidifying your fundamental knowledge. There is no need to be tricky at all at these levels.

Before you move up, though, read all the relevant stickies in the Beginner's Circle. They'll prove invaluable.
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JeffreyGB
Old 11-27-2007, 05:16 AM #3 (permalink)  
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I'll second everything biodino said in regards to BR management. I will add that even if you have the BR, it doesn't mean you have to move up. I'd look to get an absolute minimum of 5k hands in at each level you play. As you move up, increase this to 10k and beyond.

Regarding win-rate, look for 3 big bets (or 6 big blinds) per hundred hands as a sufficient winrate to indicate you are beating the game. At most levels, you should be able to get many times that with optimal play, so certainly strive for 10bb/100 (that's 20 big blinds) at the lower levels.
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RakebackForever
Old 11-28-2007, 08:40 AM #4 (permalink)  

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you can use the bank roll rule of 10. Usually your roll needs to consist of 10 big blinds. If you currently play .05/.1 you will need 10x the max buy in (which is 10 bucks). So you should have started with $100 bucks. If you wanted to move up to .1/.25 you'll need 10x the max buy in of 25 bucks ($250). Hopefully this equation will help you out when you want to step up limits. If you are conservative with your money, you want do the rule of 25. I recommend the rule of 10 at low limits.
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JeffreyGB
Old 11-28-2007, 10:13 AM #5 (permalink)  
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Quote:
Originally Posted by RakebackForever
you can use the bank roll rule of 10. Usually your roll needs to consist of 10 big blinds. If you currently play .05/.1 you will need 10x the max buy in (which is 10 bucks)...
I don't even have a clue what you mean with the "your roll needs to consist of 10 big blinds." That's not even one buyin. I'm going to ignore that, and address the other part of your statement:

Even at low limits, only having 10 buyins is asking for variance to come devour your roll. Most recommend 25 buyins, and that's a good start. As you move up in stakes, you want increasingly more behind you to properly withstand downswings. I've heard world class players with over $1M profit recommend as much as 50 buyins for any levels above $2/$4 NL.
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aka_red
Old 11-29-2007, 10:29 AM #6 (permalink)  
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w00t! 1 week ago i deposited 50$ on stars. ive played 10k hands in that amount of time and im at 190$!!! im at 7.09bb/100 and am very excited about how well things are going!
[11:11] <+bikes> bitches love your face
 
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