Quote Originally Posted by Chopper
there's nothing worse than "buying high, and selling low," which is what you are advocating, imo.
This makes no sense at all since the chips don't change value.


Quote Originally Posted by Chopper
nothing worse than building to 20-25 BI's, taking your shot, getting whacked (due to variance), dropping down, and, THEN, going on your heater at your previous level.
Again this isn't relevant unless you have some way to predict when you are going on a heater. You could equally stay at your lower level and go on your heater (instead of moving up and taking it at the higher level), and then finally move up at 40 buyins to take a cooler and send you back down.

Since you have no way to predict variance then basing a plan/argument on when it is going to strike is a bit pointless.

I'm sorry if I offended you in my last reply. I certainly didn't call you stupid so I don't know where you got that from. I didn't ask for clarification because it's perfectly obvious what you meant. I did give reasons for why it doesn't make sense to look at it that way. Your second reply makes it seem like you are basing bankroll management on timing your jump to higher stakes to coincide with positive varience. If that is the case then you need to improve your understanding of what variance actually is.

Last of all you say high end pros say to have big bankrolls. High end pros need proportionally bigger bankrolls for a couple of reasons, neither of which are the same as yours.

1) They are pros. They play for their food and rent. Therefore if they go bust, they REALLY go bust and basically end up homeless/die. Their tolerance for risk is lowered so they need a bigger cushion to lower their "risk of ruin".

2) They play much higher stakes. This in itself doesn't mean you need a proportionally bigger bankroll but it will usually be the case that their winrates are much lower than at lower stakes due to much tougher competition. As you will know, if your winrate is much lower then your risk of ruin is much higher and you need a bigger bankroll.

On average if you move up at 20 buyins (and move down when you lose) then you will move up twice as fast as if you move up with 40 buyins (and move down when you lose). Your risk of ruin doesn't particularly change since you still drop down in stakes when you lose. As you move up in stakes and your winrate drops you can increase your bankroll to a more conservative size as you see fit. Provided you are prepared to drop down in stakes when it all goes tits up it really comes down to personal preference. If you're the sort of person who tilts if they have to drop down in stakes or if their bankroll dips below 25 buyins then obviously an aggressive strategy isn't for you. If you can handle dropping down without feeling embarrassed/ashamed w/e and you don't mind losing proportionally more of your roll on one hand then maybe you don't have to wait until 40 to move up.