Oh and too "Stu Ungar" who said,
"Under about $50 you dont have enough to follow bankroll managment."
You're 100% wrong.
If you have $30 you don't need to follow BRM?
Well in that case the guy should split his dollor by a factor of around 30.
Which gives him just about 3c to play with on each tournament.
Assuming that he finds a tournament in which he can 'invest' his 3c, he must be sure to win it otherwise his bankroll will be down to 97c and he will have to recalculate to see whether or not he should go down in stakes.
$30 really only lets you participate in $1 tournaments, if you loose then you will not be able to reduce in stakes so you are not really 'managing' anything with this figure.
Again with buyins for cash games, you can only but into $1NL (at the absolute most).
really you want 40 or 50 buyins, but well say 30 because its the lower end of the acceptable scale.
So you loose 3 or 4 buyins.. now what? You arnt practicing BRM because you dont have enough to do it.
Im not saying, go blow it all on one buyin.. (the $30 that is) but be realistic. Get into the cheapest stuff you can find and see what happens..
But that isnt BRM .. thats common sense.. BRM can only be practiced when a bankroll is big enough to allow a player to move down stakes as a result of a downswing or loss.
If you build it to $10, should you LET IT RIDE because it's under $50? Of course not.
Im certainly not rich.. but this is like talking to someone from the third world!! I mean I put about $120 of petrol in the car each week just to drive to work and back.. A sandwich costs over $5.. And you think I should be practicing true BRM for under $50??? I think a little perspective is needed here.
As I said, as long as you only top up every month or two then $50 makes this a very cheap hobby.
In fact in terms of BRM, the cost of the electricity used to run his computer whilst finding out how he should properly manage his 'bankroll' is probably as much as the $1 'bankroll'.