bankroll management

#1 10th December 2011, 5:24 PM

I have a br of $5000. and am going to start playing live tourneys with a $30 to $60 by in. My question is what percentage of the money I win should go to building my bankroll? My plan is to play 2 or 3 tournys a day. the first thing any money won does is pay back the buyins for the day. Is there a formula for the percentage of whats left? Any thoughts or advice on this would be gratefully aprpeciated
thanks Buzz45

#2 10th December 2011, 9:42 PM

Wouldn't that just be up to you? If your fine with the 5000 BR couldn't you cash out once a week and basically reset to 5000 say every Sunday? Or if you want it to grow put all of it back into the roll.

#3 12th December 2011, 2:53 PM

I think it's basically a personal matter that can depend on various factors. Personally, I don't plan regular withdrawals. I don't need to since I handle my living expenses outside / without my roll. I do withdraw, but basically only for special expenses or when my roll has grown larger than I want it to be.

#4 23rd December 2011, 5:42 AM

Quote:

Originally Posted by Arjonius

I think it's basically a personal matter that can depend on various factors. Personally, I don't plan regular withdrawals. I don't need to since I handle my living expenses outside / without my roll. I do withdraw, but basically only for special expenses or when my roll has grown larger than I want it to be.

That must be an awful problem to deal with

#5 24th December 2011, 1:02 AM

There is a well known system for cashouts based on volume of play rather than results.
A search of 'Jennifear cashout system' should provide a link to Jennifear's original blog and many related pages (I believe the BRM side of it is based on Fox's BRM model)
Essentially you will pay yourself a small percentage of buy-in to play each game, in the original blog the rates are 3% of buy-in for STT/SnG, 4% for 18 man game, 5% for 45 man ... etc.
There are special provisions for some circumstances such as very large buy-ins or winnings from taking a shot, and many of the related articles are variations on this pattern

#6 24th December 2011, 1:07 AM

Quote:

Originally Posted by CuttleFish

That must be an awful problem to deal with

Lol I know right? I wish I had money spare to put into a roll.. let alone a 5k one, nice

#7 24th December 2011, 2:05 AM

Quote:

Originally Posted by Samango

There is a well known system for cashouts based on volume of play rather than results.
A search of 'Jennifear cashout system' should provide a link to Jennifear's original blog and many related pages (I believe the BRM side of it is based on Fox's BRM model)
Essentially you will pay yourself a small percentage of buy-in to play each game, in the original blog the rates are 3% of buy-in for STT/SnG, 4% for 18 man game, 5% for 45 man ... etc.
There are special provisions for some circumstances such as very large buy-ins or winnings from taking a shot, and many of the related articles are variations on this pattern

Well known, maybe, but this is the first I heard of it. It is awesome. Think I'm gonna go with the "rec" option to half the requirements, but I love the idea of paying yourself based on volume rather than results -- built-in system to tell you when you are ready to move up levels. Thanks Samango!!

#8 30th December 2011, 3:36 PM

it depends how seriously you wanna treat poker.

if you wanna take poker seriously, personally i would put back 100% of winnings into poker bankroll, and just spend as little as possible in day to day life. set yourself targets for when you can withdraw some and treat yourself when you reach the targets.

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