BRM Question for Mtt's

Okay, this might be a tough answer. Is there a mathamatical formula for BMR when strickley playing mtt's? There just seems to be so many variables.....The kind of player you are....avg. field....buy in...etc.
Lets say I have a 1000 dollar bankroll. My avg field is about a 1000. I am in the money 18 percent of time. What buy in should I be playing at on a regular basis?

I don't think it's reasonable to expect this level of success to continue over a large sample of tournaments. MTTs can be very high variance, and it should eventually catch up with you.

I have found that spending 2% of my bankroll or less per tournament entry is conservative enough to keep me from running out of capital, even during the downswings.

I think over 2500 tournies is a large enough...dont you think?

LOL - I think so

It does depend on what buy-in you are at also, though. If you are planning to move up, the competition will probably get tougher as you go.

Curious about what buy-in you played for the 2500 tourneys, and what your ROI% is for that sample. You could be "in the money" 50% of the time and still have a -ROI% (therefore losing money) if you are finishing too low on the payout ladder.

Kenseven13 @ stars
Ken1320 at full tilt

you can check these stats at Official Poker Rankings.com

Having played 2500 you should have as good an idea as any book will tell you, but the 2% $20 range sounds about right to me occasional $55.

I wasn't doubting you, but nice results

Obviously in your case you had to withdraw a considerable portion of winnings to only have a $1K bankroll. The only reason I was questioning it is that someone who is ITM 18% over 2500 tourneys with only $1K in their roll would concern me about their ROI.

The ROI% is what I would focus on. Sounds like you are ready to move up a level in buy-in (but no more than $20 for a $1K bankroll) and see if you can maintain the same rate. If you are playing over your head, your ROI% will show it before you do too much damage to your reserves.

As long as you continue to be successful, you should be able to easily increase your buy-in again when your bankroll grows to that point (which won't take long if you keep going like you have been).

Thx Ken....I did take out large portions of my BR to upgrade my house..buy toys....travel..etc. Should have reinvested in poker. Starting to think I can play seriously. But have some serious time restraints to work on.

Nothing wrong with rewarding yourself - 2500 tourneys is a lot of work, and already sounds pretty serious to me

You may want to consider setting yourself a goal that every time you double your bankroll you take out 50% of the profits and move up based on your new bankroll. That will reward you while still increasing your potential.

Good luck

Figuring out what % of your bankroll to use at any given point will be based on how much variance your bankroll has to sustain.

If you've kept good, detailed records, you should be able to figure out what the standard deviation is from the outcome of your average tournament. Obviously, if you make 1$ on average, but the standard deviation is 15$, then you'll need quite a large bankroll. And it also depends on how replaceable your bankroll is. If you can simply reach into your pocket and replace it, then you can afford to be more risky.

So look at those 2500 tournies. How much variance do you experience? What's your biggest downswing ever? Use that information to figure out what kind of bankroll you'll need.