Bank Roll Management (Risk Appetite)

Hello I am writing a tool to manage your bankroll (bankroll disposer)!

Now I need certain values and a formula to calculate your maximum buy in and stake so that you minimize your risk.
I have read some values of having 300 big bets in limit and 20 buy ins for NL and Pot Limit games.
I differentiate between 5 levels of how risky (fast) you step up:
risk appetite: very high(15), high(20), moderate(25), low(35), very low(50)

Would you agree to this values? Any Suggestions?

Now lets say you play a very aggressive management with avery high risk and your bankroll is 1000$ ... so you can buy in for max 66$ in a NL game
Normal tables are 100 buyins max so your virtual stake is: 66/100 = 0,66$ BB
Therefore you can play 1 table 25c/50c and a maximum buy in 66$ (if its a 100BB+ table).

But usually someone plays multi tabling. Whatīs the rule then for your highest buyins?

I would consider the following:
Letīs say you want to play 4 tables ... now you need 15+3 buyins bankroll
1000/18=55,6$ which would be still 25c/50c for all of these.

Is this calculation too conservative?

Whats the threshold for number of tables in this limit now?

bankroll / (max_BuyIns + nTables -1) >= BB * 100

-> nTables <= bankroll/(BB*100) -max_BuyIns +1

In our example:
nTables <= 1000$/(0.5$*100)-15+1
nTables <= 6

Is it really that easy?

Btw if your are interested which features it will have:
- calculating max BuyIns and stakes for different poker rooms
- buyin in with other currencies (at the moment $,€, pound)
- a chart for multiple rooms (adding a bankroll you can add it to a chart, to see how you are doing exactly)
- you can add your own online rooms (stakes) so that you can find out which limit to play
- you can decide how risky you playing your bank rool strategy

Still donīt know whether I want to give it away for free/open ...

Well see ;-)

Ok thx for your help!

Your bankroll needed doesnt change when you add tables, I play cash games and go by a 25 buyin rule, i'd be using that whether I was playing 2 tables or 20 tables.

Theres already tools out there that can help you with your BR btw........calculator and even excel if you want to get fancy!

You say you dont know whether you want to give it away for free, you'd have to be an absolute mug to pay for the proposed program imo.

$50 - play 2nl, shot take 5nl when you hit -
$100 - shot take 10nl when you hit -
$250 - shot take 25nl when you hit -
$500

Ez game, sorry to piss on your bonfire but this isnt a money making idea.

Lol Ive never seen anybody make multiplying and dividing numbers sound so complicated!

It seems that in addition to risk tolerance or aversion level, a person should consider his or her playing style when selecting a buyin guideline. Someone with a high-variance style is more likely to experience larger downswings.

Also, I'm not a believer is segmenting my roll for BRM purposes. I have one roll consisting of all the money I'm willing to use for poker, no matter where it is, which means it's not all in one place. I don't see why I should go site by site. For example, if I've decided to use 20 buyins as my guideline and have $600 one a site, I'm rolled to play NL25. If I also have $25 on another site, I don't have any problem at all using it to play NL25 there. To make this example even more pointed, let's say the sites are Carbon and Black Chip. If I segment my bankroll by site, it means I can play NL25 on Carbon, but can't sit at the very same table if I login on Black Chip, which just doesn't seem to make much sense.

Ok, and what if you go tilt and lose a lot? I have been there a lot and you easily could crash half of your bankroll!


Yes you are right, its not a complicated thing ... as I told you the features you can see exactly(currencies, game type) when to move up/down.

Ok, thats what I have thought, thats why I might put it on sourceforge. Some guys, other then you, might like to have it ...

Believe me, my issue wasnt about making money! I wrote the program already for myself and now I am taking more affort on it!

Thx for your reply anyway

Regards

Hi, that sounds like a good idea! Could you explain it for me a bit mor precisely? Maybe I could calculate the risk of ruin in my programm considering variance! Like a maniac needs a more conservative management. (But thats exactly what you can select then (very low risk appetite).

Ok, thats a very good point. This could be a future feature of adding all money togehter to your bankroll! This shouldnt be that hard at all. Thx for your criticism!

Anyway I still dont know if these values I wrote are adequate!!!

Regards!

BRM and tilt control are different things that require different skills and traits, you can play with 100 buyins but if your gonna tilt off a roll then your gonna tilt off 100 bi's just as easily as you would tilt off 20 bi's.

I usually set stoplosses, if i'm down 2 bi's in a session then I pause for a sec, look at how they were lost and how i'm feeling, if it was coolers and i'm still calm then i'll carry on, if it was spots where i spewed, even if im feeling calm I prob stop, b/c im obv not playing well for whatever reasons, just because I dont feel particularly angry doesnt mean i'm not tilting and chasing losses.

IMO, when talking about BRM, tilt shouldnt come into it, if you have tilt issues the solution isnt to play with more buyins, it might be part of the answer but it shouldnt be the main focus on ridding yourself of tilt....its too figure out why your tilting and stop it, because if i've learnt anything in all the time ive spent at the micros, its that tilting consistently and easily is the No1 way to make sure you dont get out of the micros, and a calmer demeanour whilst playing is FAR more important than knowing what limit you should be playing, you can know all the BRM rules in the world and stick to them religiously, but if your going to blow up and tilt off 10bi's everytime you get coolered or sucked out on then your not going anywhere

Except that a maniac won't select low risk.

Because I'm a US player, I treat my rolls separately because of the difficulties of moving money around to different sites but not as conservatively as if a site were the only place I played. Before the UIGEA, I treated it as one.

I don't consider the number of tables when deciding the # of buyins I need.

I can see this being useful for noobs and players who keep losing their roll because they don't understand BRM. Just not sure they would pay for it.