Originally Posted by blkmoney12
Tonight at 7:00 pm intertops had a double chance 10$ buy with just on rebuy and one add on abd u start with 5000 chips now should i enter this tournament i have only 30$ in my intertops account or should i skip this tournament?
Stay out of rebuys unless you're the real deal.
The only thing that matters is bankroll (BR) management, which means: NEVER WASTE ALL YOUR MONEY ON A SINGLE BULLET. What to take into consideration about the bankroll management?
1 - Format. Is it a Single Table Tournament (STTs) or Multi Table Tournaments (MTTs)? On STTs, you can be a bit more loose with your bankroll, allowing yourself to buy in minimum from 1/50 (if a high speed STT) to 1/30 (if a lower speed MTT) of your Bankroll. On the other hand, MTTs are much more difficult to cash and you'll only see major profit unless you make deep runs, which doesn't only need a huge amount of time invested, but also a sizeable amount of skill and luck. More on item 2.
2 - Variance. Is it a high variance MTT (like turbos and super turbos) or a low variance MTT (like regular paced, deep stack tournament)? If it's a high variance MTT you should do a more strict bankroll management, like only playing tournaments of 0.75% or 0.5% of your total bankroll (in your case, from 15 to 25 cents buy in turbos or super turbos). If it's a slower MTT or a deep stacked MTT, you can be less strict with BR management, for example, a tournament that you start with 5000 chips (250x the big blinds) and blinds jumping every ten minutes. In these low variance, regular paced, deep stacked tournaments, you can play a less timid BR management, ranging the buy ins in 1.5-2% your BR, which in your case would be 60 cents buy in.
If you play in a 10$ buy in MTT, with your BR, if you are a really good player, and runs super good, maybe you'll survive ten MTTs before going broke.
3 - Your skill level vs the field. You should tighten your Bankroll Management if you think you don't have skill edge against the oposition.
Suggestion of games: 1$ Single Table Tournaments if you feel you can beat the field consistently (nice level of skill, experience and ICM knowledge needed), or 50c STTs for a more conservative approach. Will depend of your experience.