Bankroll Management, Buy-in amount, and Big Lessons Learned the Hard way
Hello fellow poker players!
Lets talk about bank roll management, buy-ins, and all kinds of things...
I usually play $1-3 sometimes $2-5 NLH and PLO at local poker rooms here in Texas
. Really fun stuff
I must admit that I am not practicing proper BRM to any extent what so ever. I have learned the hard way a handful of times that this is just plain stupid.
I am going to deposit 49 USD into Americas Card Room and start grinding on the micro-stakes.
My game plan is 5% investments to cash games and Single table Sit & Gos/ 2% to Multi-Table Tournaments/ and .5% to MTTs with the option to Re-buy and/or Add-on.
The second part of the BRM plan is probably the most important... LEAVE THE FRIGGIN TABLE WHEN YOU'RE UP! Once you have doubled your buy-in you must leave the cash table.
I must admit that this isn't my first attempt. My issue is that I try to rush things and move up to higher stakes too quickly and feeling like S**T when I take a bad beat or two with too much money than I was supposed to be investing in the first place.
Thats enough of that...
Let's talk about buy-ins a little more.
Earlier I was talking about playing $1-3/$2-5 NLH and PLO at local poker rooms in Texas. These buy-ins can range from 100 USD all the way up to 1000 USD on average. So that would mean I need a minimum of 2000 USD in my bankroll to be able to buy in for $100.
Now just because the minimum buy-in to a game is $100... Does that mean we should buy in for that much? This is something that I have been thinking about lately. Maybe it would be best to look at the stacks and buy in for whatever the average stack is. The average stack is usually $200-$300 American. This means that maybe I shouldn't be back on those tables until I have built my bankroll up to 4-6 grand. This is unfortunate but I will be very happy when I can play again.
Online it gets even trickier...
The max you can buy in for .01/.02 NLH is $2 so the start up bankroll of $49 is the perfect size for that. Now here is where things get a bit awkward...
You can buy in to .02/.05 NLH for a minimum of $2. Should we do this? I think it handicaps you in a way. I think other players are more likely to call your bluffs if you are short stacked because you are not that threatening.
[[[ If we ever play each other.. Just remember, I don't bluff ever. ]]]
So, this time around I'm going to use this as a guideline for when I am able to move into new stakes. I cant wait to be properly rolled for the local poker rooms. Let me know what you think about the BRM game plan. Also, please share your ideas on buy-in amounts. Has anyone else tried actual real and proper BRM at low stakes as well?