re: Poker & Poppin that bankroll management cherry
Originally Posted by pigpen02
I have a question about the size of your bankroll. I have X dollars at Full Tilt. If I had nothing else, that would be my bankroll. But, I have another X dollars at PokerStars and Absolute combined. Perhaps my bankroll is 2X. But, I have another 3X that was tied up with NETeller and is just waiting to be deposited to some site. Perhaps my bankroll is 5X. But, I have withdrawn about 7X from winnings and I could easily put that back. Perhaps my bankroll is 12X. How do I decide how big a game/tournament to enter?
He is asking what do we consider the size of our bankroll in terms of where all the money is located. Assuming we follow careful BRM,:
A) Does our money on any one INDIVIDUAL site determine what limits we play on that site?
B) Does the TOTAL amount of money we have deposited on all online sites determine what limits we can play anywhere?
C) Do we include the amount tied up in Neteller?
D) Do we include any amount we've withdrawn that we are prepared to re-deposit?
In my opinion, your bankroll is at least (B). Withdrawn money is tricky because, with the law, it's not as easy to get money back online. But if you are completely willing to re-deposit more if you lose what is currently online, I would play at limits you are comfortable playing based on how much money you would put back. This money can NOT be tied up in other places in real life, otherwise I wouldn't include it. Money recovered from Neteller I would just lump into the (D) category.