This is a discussion on Made my decision? within the online poker forums, in the Tournament Poker section; On my last post i was debating whether i should play in the 10$ dollar double chance tournament or not with one rebuy and one
On my last post i was debating whether i should play in the 10$ dollar double chance tournament or not with one rebuy and one add on with 5000 in starting chips. After alot of soul searching i had decided not too play in it and i decided too use my 30$ bank roll for tournaments that are 3 too 5 dollars did i make the correct decision?
I and most serious MTT players have a real decent ITM% and the reason everybody preaches bankroll management is because anybody who's played a serious number of tournaments has seen a dry run of cards or beats that last for weeks or worse.
I've run 5 months with nearly a 50% ITM and over night run 3 months with a 10% to 20%.
So if you end up with a losing streak your $30 bankroll will run you a couple days to break before you're depositing again.
If you keep a 30 to 50 buy in BRM rule and you run a 20%+ ITM and really concentrate on deep cashing you should keep a steady profit.
with 30$ bank roll if I really want to play "big" tournaments I would play few satelites of max 0.40$, and this satelites to be for knockout tournaments, if I don't get the chance to be on money if i get eliminated, you have 1 more chance to get your money back but ideally for you would be to play max 0.50$ tournaments or sit&go multi table of 0.10$-0.20$