Is this a good starting plan?

How's it going everyone?

I'm new on this forum, and have been playing and studying poker properly for about 4-5 months, i did play a bit last year but i feel like i have a much wider knowledge now. My main game is NLHE, but started to play a bit of FLHE.

I started off with $60 and got up to about $95 in a week or so playing some SnG's, and a few MTT's etc. I then stupidly played a few SnG's and tournaments that my bankroll probably couldn't afford and i'm back down to my starting $60.

Now after studying some bankrolling properly, I really want to bankroll better and not jump the gun, but it's hard when the stakes are so low and usually some of the players are terrible. I find myself playing much better amongst $7 SnG players for example than do with the $1.50 ones. However obviously my bankroll doesn't really allow higher SnG's like that at the moment.

Sorry for the novel, but basically i'm just wondering if the best idea with $60 would be playing:
- The odd couple of dollar tournaments NLHE
- Maybe $1.50-$3.50 SnG's
- Something like 0.10/0.25 FLHE

Probably not NLHE cash games at the moment as even the lowest limits require more than $60 usually..

Any thoughts would be much appreciated, i know there's a lot of posts about stuff like this but awell there's my piece.

Your BR is a bit low for that kind of games.

You should stay in NLHE 0.01 - 0.02 $ or LHE 0.10 - 0.20 $
Something like that.
I think BR for SNGs is 5% so u would need 75$ for the 1.5$ ones.
In addition BR for MTTs is 2% so u still need more.

Try beating those levels and you will go up in a safest way.

I would stick to one format at first. LHE and NLHE are so different, as well as FR, 6 max SnG and MTT. To bounce around before you have one pretty well down is not a good way to go, IMO.

At 60 dollars really all you can do is the lowest levels of both cash games and tourneys under strict bankroll requirements. Technically you could move up one rung in some areas like fixed limit cash games.

Basically there are 2 competing theories on mini bankrolls. One is pretty much always play by strict bankroll requirements so you don't risk going broke (a tight theory). The other is its only a micro amount and easily replaceable so take a few chances and build it up to something worth protecting (a loose theory).

There are shades of gray between those 2 theories and like the old saying ... the truth probably lies somewhere in the middle.

Yeah, thanks for the replies, to be honest, the $60 is not a strict bankroll cause i can afford to put more in if needs be, so i can afford to take a few risks such as slightly higher SnG's etc, tbh i've played quite a few SnG's in the past few weeks and cashed in a lot of them consistently until i made some of the jumps a bit too high, so i'm hoping i can build it up from there and not be stupid this time.

BruceyRB said:

- The odd couple of dollar tournaments NLHE
- Maybe $1.50-$3.50 SnG's

Click to expand...

Or you could compromise between the two and try out some cheap 2/3/4/5-table SNGs. The play in them is generally terrible and they're a good way to start building a bankroll. Really though, play whatever you're most comfortable playing because it will invariably be the most profitable format for you.

You "playing better against better players" is most likely an illusion brought about by confirmation bias or a bad short-term run, or you have issues with tilt when you suffer a bad beat. Well, that or you're not adjusting properly to bad players (play exclusively for value!). Might be worth looking into.

Yeah, i've just realised how stupid that sounded of course i don't "play better against better players" i just meant it's annoying to play against really bad players, but obviously it can be profitable the majority of the time. Reading back to what i posted in the first place does makes me sound like a bit of a newbie when really i didn't mean to come across like that. As i say i've been pretty profitable on the most part with tournaments and SnG's, but just getting slightly ahead of myself in terms of what limits and tournaments i was playing was why i lost money. I think i could do well just working up the SnG's and tournaments at the moment.

All good replies here, and I just want to echo sticking with your bankroll management plan. Not only does it keep you less likely from going broke, but it also makes you play better. When you move up in limits, you tend to over-adjust to what you think are better players and as a result you play worse. Sticking to your normal limit will likely keep your win rate at the maximum.

And redepositing can certainly have a morale destroying emotional effect that you want to avoid. Of all the successful players I know, I don't really know any that have made multiple deposits building their bankroll.

Since you say the $60 is not your hard and fast bankroll limit since you can redeposit, I would allow myself to enter $3.30 money added tourneys to the list of tourneys I can enter.
If 1c/2c tables are too boring, move to the 2c/4c or 2c/5c. If you move to the 5c/10c, you will run out of cash because some table raise the bb every hand.

With $60 dollars i would probably stick to the SnG 35-60 buyin rule. Which means your br only allows you to play $1 dollar SnGs then when you start winning you can move up accordingly.

Also if you are thinking about MTTs i'd prolly stick the to 1-2% buyin rule. Definitely no rebuys only freezeouts.

And for cash games you can play NL2 with 100bb and prolly NL4/5 with 50bb if you are comfortable with playing with 50bbs.