Advice on bankroll

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coryriggs

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Currently I play for mainly low stakes I like to deposit around just a mere 30-100 dollars at a time. I normally play in 5 to 10 dollar sit and goes and tournaments. Any advice on bankroll management would be greatly appreciated. Like should I lower the price of buy ins I am entering etc. Also on online poker do you find it easier to make money at cash tables, tourneys, or sit and goes. I know I sound like a complete idiot donk. That I am not how ever I have never received advice on proper bankroll management any given would be greatly appreciated. Thanks.
 
sam1chips

sam1chips

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If you only have $100 in your account, playing 5-10 sit and goes is way too much. I'm pretty sure the rule is you are supposed to have 100 buy-ins (but I'm not positive). So in that case, you would be safe playing $1 buy-ins and lower.

As for cash games vs tourneys vs sit and go's, i guess it comes down to personal preference. Each game kind of has its own characteristics: In tourneys you can hit a big score and have a huge bankroll boost, or you can also lose perpetually (as 90% of the MTT field doesn't make the money). Cash games can be a way to increase/decrease your bankroll slowly/steadily. It just comes down to what you're good at, and what you like to play.

Best of luck
 
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rrph3rtbkr

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in my opinion u should go for $1 buy in tourney for one day only .. or u can try 10c or 25 c 45 and 90 man game on pokerstars .. play there build ur bankroll to around 150 0r 200 then u jump to higher scale and u should stop play when ur in tilt ,
 
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cotta777

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a safe investment is anything from 50 buy ins to 100.
Thats not to say you cant run well initially and build upto 200 dollers etc.
with the intention of dropping down the stakes when your bankroll gets bigger,

not everyone is happy or able to build a bankroll quickly or play their best game for hours on end at micro stakes

some players are better off taking shots at higher buy ins while they are fresh and focused getting a few cashes behind them and then dropping down and grinding
its far quicker and easier to build upto like 80-100 dollers
you only need a couple of decent cashes.

site selection is quite important aswel in my oppinion, pokerstars your edge is going to be less etc. fishy gambling and sports betting sites are far greater.
 
ccocco

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I hope I help a little..
Basic rules for managing your money in poker

1. Never play for more money than you can afford to lose .

Although this may appear obvious, this is the most important rule . It is possible to lose money playing poker , even when we do a good game. That is why you should never risking a lot of money that could provoke financial problems outside the poker tables , especially if you are going through a bad time at the tables.


Two . Respect your goals.

In a broad sense , poker players can be divided into three groups , each with different expectations and goals. Thus, knowing in advance what we expect of poker, and choose the correct level according to our goals , is vital .

Recreational players mainly play for fun and have , in addition to poker, other sources of income . If you ever lose all their money can rebuild his bankroll with money from their income.

A Semi-professional player is one who makes profits from the game. However, their income does not depend solely on poker. In case of bankruptcy would not face total catastrophe , but the situation would be painful and difficult to trace.

Instead, a professional player depends only on their income from poker. You can not afford to lose your entire bankroll because it would be the equivalent of losing his job . The professionals are the ones to follow bankroll management techniques more strictly to keep your risk of ruin in the minimum values.

Three . Never play outside banking .

The size should be our bench is determined by the type of player we are or who we want to be .

If you're a gamer Recreation with 100 € in your PokerStars account , you should not go over 5 € in a table of "cash" . The tournaments with an entry of more than 5 € should be avoided as well.
 
Arjonius

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Start by figuring out the size of your BR. It's the total amount of money you've allocated for poker, no matter where it is or how it's divided up. That includes money still in your pocket and/or bank.

Then play at a level where you have enough buyins to minimize the probability of going broke due to a downswing. 30 buyins is the minimum I suggest, and there's nothing wrong with having more.
 
long_bong

long_bong

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I use the 30-50 buying rule for cash games. 75-100 buyin rule for sngs. and 125-250 buyin rule for MtT's. this rule applies only if I have no reloads.
 
dj11

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If you can afford poker as entertainment, they don't worry about BRM.
Since you brought the subject up, you must be wanting to learn a better game. One where you don't have to say "I normally deposit 30-100 bucks". That implies you have done it more than a few times.

So, I suggest you get more game for each buck. You can do that most easily by buying into cheaper games or depositing bigger for the games you think you are decent at. If you don't know if you are decent at any game, then go play a variety of play money games until you find one that suits your temperament.

If the notion of discovering what you like via play money games doesn't suit you, note that and then find me at a table;). <<< Trust me when I say I get a lot of shit about promoting learning anything from play money poker, but there is a lot to learn that way, and it is cheaper than 'normally depositing $30-100'.
 
long_bong

long_bong

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I myself dont think anyone can really learn much from play money other than the basics about the game anyways.
 
dj11

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I myself dont think anyone can really learn much from play money other than the basics about the game anyways.

And I disagree. The #1 thing play money CAN NOT teach is how to deal with the scared money issues of poker. There are others, but learning what play money can and can not offer is part of the process.

First thing to do via play money is get a huge play money bankroll. 1 million play chips is a reasonable goal. At that point I was able to play the highest play money games, where pride was the substitute for real money. Really, pride! At those levels, in tourneys anyway, the play was equivalent to $5 STT's and MTT's. Fewer total noobs actually.

I have long passed that play money stage, but when I find a leak, and need to alter my reactions to situation, I go back and work on them for free. Done that at least 5 times fixing 5 different 'issues' I had.

The biggest reason I can ever imagine for nixing play money for beginners is to get them blowing cash to the regs faster.
 
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matiusaa

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Try not to buy in more than 2% in cash games, not more than 1% in tournament entries, and less than 0,5% buy in on rebuy tournaments. This is suggested for not losing your whole bankroll, if you do this, it really really unlikely that you lose all your bank
 
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Most people are not winners in poker! All you have to do is use a HUD and you can figure that out very quickly. I can tell you how many times i am in the MTT and everyone at the table is in red (red = losing with my HUD). I have seen people with 4000 plus tourney's and loses up to 70k. But with the rake or buy in fee. I would say up to 60-70% of players are losing money some very little some huge.
 
aa88wildbill

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If I was you, I would try $5.00 S&G's double up's. Either six player Max, or 10 player. About half the people at the table win, just be patient and wait for your hands. You're probably not gonna win them all, but if you're good poker player you will win way more than you'd lose.
 
supernuts25

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i personally like cash games for profits. but if you run good one tourney could make you big bucks
 
n3rv

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I think in some cases you do have to experience ****ing up your bankroll and tilting a few times before you eventually respect it - at least I had to, some people are naturally better at it and more disciplined than others. Stu Unger was the greatest poker player in the world but he was still shit at bankroll management. As long as you aren't risking beyond your own personal means of time, energy, money etc. then it should be okay.

That said, if you haven't been making profits the way you are playing at the moment then it might be worth sticking to 1% of your bankroll for buy-ins for a while. If you set yourself a challenge to double up doing that then you will learn a lot more about the mindset and variance you need to experience in order to profit long-term.
 
PoKeRFoRNiA

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While general rule of 50-100 buy-ins is correct for sitngoes for online poker players who want to try to take poker seriously, I also think that playing style takes a role too.

If you're a loose-aggressive player, you will need more buy-ins than what most people recommend because you will be facing way more variance.

If you're conservative, tight-aggressive player, then you will be able to manage with common brm rules.

I personally like to have over 100 because I play very loose and when I am on downswing, I can lose a lot because I've had over 30 buy-ins of downswings at $2 sngs but when running hot, I've bumped up my bankroll so quickly that I blazed through $2 sngs by making over $300 and immediately moved upto $5 sngs before Black Friday occurred.

Another thing you need to factor is tilt control. How good is your tilt control. No matter how good player you are, if you tilt off easily, or if you are a type of player who still play under tilted mindset, then you will go broke easily if you use aggressive brm.

Bottomline, loose-aggressive players will need conservative bankroll management(50-100 buy-ins, even more).
Tight-aggressive conservative players can manage with aggressive bankroll management(20-30 buy-ins).
 
Henry Minute

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And I disagree. The #1 thing play money CAN NOT teach is how to deal with the scared money issues of poker. There are others, but learning what play money can and can not offer is part of the process.

First thing to do via play money is get a huge play money bankroll. 1 million play chips is a reasonable goal. At that point I was able to play the highest play money games, where pride was the substitute for real money. Really, pride! At those levels, in tourneys anyway, the play was equivalent to $5 STT's and MTT's. Fewer total noobs actually.

I have long passed that play money stage, but when I find a leak, and need to alter my reactions to situation, I go back and work on them for free. Done that at least 5 times fixing 5 different 'issues' I had.

The biggest reason I can ever imagine for nixing play money for beginners is to get them blowing cash to the regs faster.
I was going to respond to your original post about Play Money games as I didn't feel they were 'realistic' but having read this one I think that what you say makes a lot of sense.

I have tried the play money on several sites but never for very long. Is there a particular site where you feel the PM games are representative of 'real' games?
 
dj11

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I was going to respond to your original post about Play Money games as I didn't feel they were 'realistic' but having read this one I think that what you say makes a lot of sense.

I have tried the play money on several sites but never for very long. Is there a particular site where you feel the PM games are representative of 'real' games?

The American sites don't have much if any play money games. Tilt and Stars do.

Note that at the low levels you will be banging your head against the walls. Building the big br will be tuff, but figuring that out is a transferable skill to real money. Once you do get that big br, the highest buy-in games are pretty decent games, and several folks around here will agree that they will be playing at least as good as $5 STT's or MTT's.

I personally, from experience, would go further suggesting that if you have the balls, you can do alright at the $20-25 STT's/MTT's, but will not have the 'scared money' experiences needed to tackle those games comfortably.

Also note that there are more naysayers around here, who think I am FOS about my approach to getting into the online poker world. Their points, which are certainly valid, center around getting that 'scared money' problem solved early by losing lots en route to learning poker. My counter is those greedy bastards (;)) want to profit on that learning curve.

IMHO, once a game starts and a stack is in front of us, we should be taking the game seriously. Whether that be working out some flaw we perceive, or building a bigger roll, or trying new stuff, or just competing, or whatever. Along the route to that big PM br the basics of BRM come into focus, and that too can be learned via PM.
 
Samango

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Most people are not winners in poker! All you have to do is use a HUD and you can figure that out very quickly. I can tell you how many times i am in the MTT and everyone at the table is in red (red = losing with my HUD). I have seen people with 4000 plus tourney's and loses up to 70k. But with the rake or buy in fee. I would say up to 60-70% of players are losing money some very little some huge.

If your tracker data is made up from playing these players at MTT's then the 'RED' fact is pretty meaningless
Seeing if players are winners by their winrate is doable at cash tables given a decent sample size, but it won't work on MTT's or SnG's because, when YOU go out your hand history doesn't record how the other players have fared in the rest of the game.
If you go out any earlier than 2nd, you don't get to record any of the winner's cashes.
You are recording all of their buy-ins but almost no cashes (perhaps only those who cash before you)
 
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