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 Originally Posted by crazydeuce
sorry for the stupid fish question, but how should i take in consideration the bankroll management next to the multitabling? lets say i play nl1, 0,80 cent buy in and i have a mini 24$ bankroll for this. generally speaking this would be the limit i could play for that bankroll, BUT - should this apply just for 1 table? or I can make several buyins and start grinding up like that. I've experienced a lot in online play and as far as i've seen, it's different playing your whole bankroll at multitabling than playing half of your bankroll at one table. and anyways, if i multitable 12 tables of 0,80cent should I set up my bankroll for a 9,4$ buy in, like ~280$? thanks.
No question is ever poor. Better to ask than get it wrong. I'm pretty new to the forums but my understanding of bank roll management is as follows.
The reason the recommendation is to have 20 times the limit as your bankroll is "Law of large numbers". You want to reduce variance.
Think of it like a coin toss. You expect heads 50% & tails 50%. If you flip the coin once, you can only get a head or a tail. So for a poker game, think you can double up, or bust out.
Now flip it 100 times & you will get something close to 50% heads, 50% tails. The difference from 50/50 is "variance". If you keep flipping the value will always tend towards 50/50 in the long run.
So, if you put your entire roll on a single table, you have only the outcome of that table. It could be you bust out, or you might double up.
Now split the bankroll into 20 different tables & you can see that *on average* if you are a profitable player, you should make a slight gain instead of the single table win or lose outcome. This is why they recommend your results after 20,000 hands. That evens out variance to a more accurate result.
And to repeat the comment above. Playing one table everyday for 1 hour each for 8 days is exactly the same (mathematically) as playin simultaneous 8 tables (multitabling) for 1 hour on 1 day.
The advice on bankroll is literally spend 5% of your bankroll at any one table (or in other words have a bankroll that is 20 times the max buy-in limit).
You can play one table, 2 or 20 tables & the only thing that will change is your attention to each table. The maths won't change. So moving from $2nl to $5nl is done when you have $100 + in your bankroll (20 x $5). So if you lost at the higher limit, you should move down to $2 again when you go under $100. Anything over the $100 is the buffer you use to 'play in that level'.
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