BR Management - playing limit cash games

Haven't seen anything on BR managment for limit cash games. I'm currently using BR/65 for NL & Omaha cash and BR/100 for tournaments. Any advice or article for Limit cash games?

Thanks.

Here's a thread that discusses this a little bit. Min would be 300 times the Big Bet for whatever limit you're at, though 400-500 BB is probably a little safer.

2 Questions on limit poker

I have been focusing exclusively on full ring limit hold'em and am slowly building a bankroll and moving through the micro stakes. The 300 big bet rule seems to be working well. Of course the micros aren't really tough and when I hit higher levels I will probably want a bigger cushion.

Still 300 big bets is a good place to start.

Thanks for your comments and the thread link. Since I play limit 5 card draw as well, I just ran through a few calculations based on PokerStars rules for $3/$6 limit games using the 300BB rule to see how it stacked up, and compared it with doubling the rule to 600 (as suggested in the other thread).

One definition: I call maximum exposure per hand the theoretical possibility that each betting round for a hand is raised to its maximum.

maximum exposure per hand
= sb betting rounds * raises cap *sb
+ bb betting rounds * raises cap *bb

PokerStars, for example, has a raises cap of 4 bets.


$3/$6 LIMIT HOLDEM

300 rule

Min Bankroll: $1800 (300*6)
Minimum Buy in: $30 (1.7% of indicated bankroll IBR)
Suggested Buy in: $120 (6.7% of IBR)

Raises cap is 4 (e.g. Pokerstars), 2 sb betting rounds and
2 bb betting rounds then

max exposure per hand = $72 (2*4*3+2*4*6) 4% of IBR

600 rule

Min Bankroll: $3600
Minimum Buy in: 0.8% of IBR
Suggested Buy in: 3.3 of IBR
max exposure per hand: 2% of IBR

Contrast with Limit 5 Card Draw

With limit 5 card draw, there are only 2 betting rounds so running through the numbers -

300 Rule: max exposure per hand: 2% of IBR
600 Rule: max exposure per hand: 1% of IBR

Theoretical Profit @3$/6$ Limit Holdem

People say generally accepted theoretical profit might be 1 to 3 bbs per hour (see http://www.fixedlimitholdem.com/winning_low_limit.htm for example).

So, say, I play for 2 hours a day, 4 times per week, my profit per week
should be 8bb, $48, and 2.6% of 300 IBR rising up to 24bb, $144, and 8% of 300 IBR. For the 600 rule, the percentages would halve to 1.3% and 4%.

Overall

It is possible, even on a sane table with no maniacs, to max out the betting if several big hands are dealt and the flop has something for more than one player. The 300 rule for LHE might just be a little risky for me potentially putting 4% of IBR in play on one hand - good if it wins but meaningful if it doesn't.

For L5CD, the 300 works fine at 2% and compares well with accepted metrics for how much bankroll risk should be taken with cash and SNGs NLHE table buy-ins.

I will be using the 300 rule for my limit 5 card draw games in future.

I think its necessary to differentiate between 6 max and full ring. I think 300 is absolutely fine for FR but I usually go around 600 BB in 6 max if I'm taking my bankroll seriously.

Very well explained Me, max exposure per hand is an important concept here...

I currently play a lot of stud, so need some adjustments, but get the thinking... I generally coast at 600BB BR+ but sometimes push to 300, especially if I see a good game...

http://www.poker-tools-online.com/riskofruin.html

Get your standard deviation from Hold'em Manager (it only takes a few thousand hands for standard deviation to converge to its long term value), and then guesstimate what your win-rate will be.

A risk of ruin under 10-15% seems acceptable for the average player, since you can easily move down in stakes if you get close to ruin. But if you rely on the income (and thus you can never move down in stakes without falling behind on bills, ect.) then you'll obviously want a much smaller risk of ruin.

In reality, no player actually does these calculations very often. Most just go by what they feel is acceptable risk. And most successful players are big bankroll nits, since having a big bankroll helps with a lot more than just risk of ruin.

Just like to do the comparison NLHE vs holdem vs 2 betting round games so that i have the same exposure per game for consistency sake. My calcs indicate I can safely play 0.02/0.04 NLHE, 0.10/.20 limit holdem , 0.25/0.50 Limit 5CDR and MTTs less than $2.20. As it's all calculated in Excel now, my limits will automatically vary with BR and type of game making me feel in control.