micro stakes online bankroll management

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shoshaku

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When trying to follow bankroll management rules of thumb do you use the total amound of your bankroll on all poker sites or the total that you have on a particular site?
 
spore

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Considering it is not easy to transfer funds between sites I think it is best to use separate bankrolls for each site.
 
S93

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Considering it is not easy to transfer funds between sites I think it is best to use separate bankrolls for each site.
huh?:confused: it takes like 10min to transfer site to site(can obvs. be a litle longer clearying the withdraw).
 
spore

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how do you do it? only option i get is cash out by check! (see my post below this)
 
S93

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moneybookers,netteller,echecks.
dno maybe its cause im not from the US?
 
spore

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probably. only option i have is for them to send check in the mail and get it in a couple weeks or so.
 
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shoshaku

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bankroll basement

Is there a minimum level before worrying about bankroll management?

ie if you only have a couple dollars shoulkd you just let it ride on one game and then replenish it with another freeroll vs grinding out 10 cent sit and goes
 
LuckyChippy

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With only a couple dollars, the rate of return on playing .10 sit n go's is pretty poor, unless there big ones and you catch first.

It would probably be best building it up with some more freerolls or stack it in a cash game and hope your winning. By stacking i do still mean getting your money in fairly good :)
 
zek

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What bankroll management rules do you follow?

I really only play on one site but if I played multiple sites i'd probably be OK using my total bankroll not site bankroll.

It's more important to play stakes you are comfortable playing at.

for example I might play higher than general bankroll rules but I'm also a tighter player and have less roll fluctuations so I can get away with it.

-Raymond
 
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Bloodsong

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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.

Bloodsong
 
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