Bankroll, more info!!!

Hello all.

I would be interested to discuss the above topic.

I do track what I do and I know I`m doing ok financially, either by luck or judgement

I would always recomend that serious poker players keep good records. I know the first month or so I didnt, but I took a few big beats and straight away I identified the problem was my bankroll management - or lack of it.

I would like all of your comments on the following points if you don`t mind:-

• Do you set a weekly/ monthly/ yearly target for winnings?
• What form of holdem do u make the most cash from (MTT, SNG`s, Limit cash, no limit cash)

What % of your bankroll are you prepared to risk on

• MTT
• SNG`s
• Limit cash
• No limit cash

and finally...do you look at your bankroll as an overall bankroll or an individual bankroll for each site. (If u say had $100 on Pokerstars, $100 on titan and $100 on party poker would you count that as a bankroll of $300 total when working out your risk, or do u look at your risk for each site)

Thanks guys

• Do you set a weekly/ monthly/ yearly target for winnings?
  Only to be profitable in the long term (with an ideal yearly target I hope to make). I think if you set daily/weekly/monthly targets you can start chasing which leads to mistakes. Bad runs happen you need to ride them out not push to make a notional figure in a certain timescale
• What form of holdem do u make the most cash from (MTT, SNG`s, Limit cash, no limit cash)
  Profitable at SnGs and MTTs. I've made more at MTTs but SnGs are a good way to manage bankroll with a generally steadier return without the swings of MTTs. I use the profit from SnGs to fund the MTT buy-in between the bigger wins.
• What % of your bankroll are you prepared to risk on
• MTT
• SNG`s
• Limit cash
• No limit cash

I keep 35 buy-ins for SnG and MTTs online when I cash out (about $1000) though I consider my bankroll to be larger as I can top it up if required from the account I pay my cashouts into. Every 9 months or so the $1000 doesn't prove to be enough between cashouts and I have to reload.

and finally...do you look at your bankroll as an overall bankroll or an individual bankroll for each site.
My bankroll is the amount I am prepared to lose before I quit poker. This number lies somewhere between where I am now and my total profit since I started. It would take a hell of a bad run to lose the lot and I sincerely hope I would give it up before then. Fortunately I have a nice income and so can extend my bankroll to money not on poker sites but I am very careful about not raising my average buyin to a level where I would not b happy with the swings. A $1000 downswing once or twice a year is enough for me at the moment.

Understanding the size of downswing you are likely to have at the levels you play at and being comfortable (though obviously not delighted) with it, is I think a big part of managing money.