I was about to start a thread very similar to this, so I will just put my thoughts here instead. I am sharing my thoughts on micro-limit hold'em BR management, and hoping for insight on if I have the right ideas down, I hope this doesn't violate any hijacking rules. If it does, I am sure I will find out soon
FIrst, I am playing LH not NLH, however I am using very similar rules for this. My starting bankroll was around $5.50 and is now hovering around $11. The highest I got it was ~$35, but then I started moving away from this BR management scheme and it dropped back down to $6 and I reigned myself in.
I follow the rules that a proper buy-in should be 100 BB (in limit hold'em I classify that as big bet, not big blind). For the shortest stakes, I am willing to drop down to 20 - 50 BB to grind up a better BR. Playing at PokerStars
, this means $0.02/$0.04 limit games. Right now, that puts my normal buy in at $0.80 - $2. To move up in stakes, I have a different rule. I can try one buy in a day as a stab at a higher game once I have 18 normal buy ins for that game, and can't consider it my permanent stakes until I have 25 buy ins for that limit. For instance, I will be grinding away at this $0.02/$0.04 level until I reach a BR of $180. That corresponds to 18 buy ins at the $0.05/$0.10 limit game for $10 each. If I lose that buy in, it is back down in stakes and grind it out until I get it back. I can't play for more than three hours per day at this limit until I reach the 25 buy in mark of $250.
I only play on Stars, so I can't say anything about using BR management across several sites, though I would likely keep BRs separate until the UIGEA mess gets straightened out (Come one Frank and McDermott!) since I am in the US.
One other thing I have to say is that I won't consider multi-tabling until I have 10 buy ins for the lowest limit, which means $40.
Like I said earlier, I am looking for feedback on if this is a sound BR management scheme or if it needs tweeking from anyone else.