If you have 300 BB's to play game "x," the second you post, you are now down to less than 300 BB's. If you happen to lose that hand, you'll be down even more. So what do you do? Sit out? Leave, because you no longer have 300 BB's?
The idea of 300 big bets is to act like a cushion. I can play comfortably at whatever level Im at because of how big my BR is due to the fact that I will not lose it in one sitting. Unless a) I sit with everything at a table and lose it all or b) I play way above my limit and lose it all. Its just a way of managing your BR without the risk of losing it all, its not to restrict you.
Say I have 300 BBs for .02/.04, thats $12. This means that as long as I have 300 big bets, I can only play at this limit. So, I can drop a few BBs to say to 270 BBs and still have a lot of money to play with, but I just have to stay with in my limit: .02/.04 To move up in stakes to say .05/.10, then I would need a BR of $30 if I am following the 300 BB rule for that limit. So any BR of <$12 to $29, I play .02/.04. $30, I can now play .05/.10
Jag: I know limit HE is a completely different monster and I am expecting the swings and variance to come into play. I plan on playing at the smallest limit on
pokerstars and working from there. While I'd like to show a profit in the short run, Im more interested in understanding and playing the game correctly first.
Anyway, thanks for the replies everyone. Its appreciated.
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New Questions:
-Whats a god starting hand range for 6-max PF? Is it that much different than NLHE? Actually is 6-max a good place to start for beginning limit players or should I be sitting at FR tables? Also, I can assume play at micro-limits are going to be very loose with players limping in or calling raises with ATC, so should I really tighten up my PF hand range because of this. As a completely basic approach to the game, would the ideal play be to just play really tight, but then get in as many bets as I can in with AA, KK, AK and any big draw/hand ive flopped? It seems standard, but I could be wrong.
-What type of BB/100 should I be looking for as a beginning player? IIRC, its something like 2xBB/100?