bankroll management

Click2payme

Click2payme

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any Tips? I am catching hell keeping it together live and online. thanks
 
c9h13no3

c9h13no3

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Been said before, but 4000 big blinds is a good safe number for no limit play.
 
OMGITSOVER9K

OMGITSOVER9K

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wanna be anymore descriptive?
 
dcor

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wanna be anymore descriptive?

4000bb's = 20 buy ins. So if you were to want to play 100NL, you would need to have $2000. This is pretty much the standard for any level online. Jesus Ferguson I believe was the founder of this theory. Basically, the idea is that your bankroll is big enough to be able to handle most variance. If your bankroll drops below what 20 buy ins is for the lower level, you are supposed to move down (I think.) Read this, or google jesus ferguson bankroll management. There might be a better article out there somewhere....
http://www.chrisferguson.com/article-4
 
micromachine

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Think Campbell was talking to the OP lol

Anyways 4000bb's = 40BI, not 20.
 
c9h13no3

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Yeah, 20 BI's might be fine for an experienced player playing live $1/$2 NL, but for your average online newbie who starts out playing 10NL or something, it won't cut it.

I also put the number in big blinds, because newbies often go "Oh, then I can play $2/$5 NL with $2500, and I'll just buy in for $65 each time." The variance you experience is a function of the big blind size, and your buy in size.
 
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It depends on the skill of the player and the level he plays at. For the micro stakes, most people recommend at least 20 Buy Ins for max as that level (eg. $80 for .02/.04 if max buy in is 100BB, $160 if max buy in is 200BB).

I think as you get higher up in stakes, you may want to increase your bankroll to 30 Buy Ins. it really depends on your risk aversion but having a bigger stack does help with avoiding tilt. Losing 3 bi and only having 5 left is very different from losing 5 bi and still having 25 left.
 
Arjonius

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BRM is about more than just counting the number of buyins you have. One aspect that isn't talked about often enough is emotional comfort. If you aren't able to play your A game when the buyin is $x or more, you shouldn't play at those levels no matter if you have 20 buyins or 200. Exceptions do occur, one being when you are looking to move up in stakes and need to desensitize yourself to having more money in your stack.
 
Ezekiel162

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I agree completely with Arjonius. Playing outside of your confort zone tends to induce mistakes.
Say you have $50 left to your name. Would you be SO comfortable with your skills that you would enter a $50 game against players having the same goal as you, BUT, they have $1000 in their bankroll? EVEN PROS WOULDN'T DO THIS. This is akin to a bum playing at a table with ballers. You would be playing out of your league. Not inasmuch as you not having better skills than them... just that they have money to burn and you don't. So while your fighting to survive, their playing in their comfort zone because if they lose, so what? They'll just go to another table for another game with $950 bucks to burn while you would have to go home and explain to the wife why you didn't pick up the case of beer and cigarettes with that embarassed look on your mug... Play WITHIN your league... Playing in desperation like above takes you out of your comfort zone and thereby affects your aggression and therefore causes you to make mistakes. hands that you would normally play you probably wouldn't...
This is also why you have so many maniacs and idiots on freerolls/low-limits playing "no foldem holdem". Nothing to lose...
 
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Although what Ezekiel and Antonius have said are valid, you need a starting point before finding out what buyins you are comfortable with. Most players recommend starting with at least 20 buy ins due to the ability of a br of 20 BI to survive variance, allowing you to prevent losing your br from a monster cooler before you even start. If you get to 20 BI for the next level, consider moving up if you feel ready. In the end, its all up to you.
 
Ezekiel162

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Good point 'Arrow...
I'm going through some variance right now at Carbon. So I've tightened up my game a little bit more and have moved a level or two down to preserve my bankroll until the "dryspell" hopefully ends...
This is a very good topic because a lot of players don't understand the importance of BR especially at lower limit or just because they might play on a recreational basis. For the dedicated player though, BR is a must...
good stuff...
 
Ezekiel162

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Sorry. When I mention BR above should actually be BRM for BankRoll Management
 
Bankroll Building - Bankroll Management
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