bankroll management
 

i started playing 200NL cause i kept getting hassled by me friend and my ego couldnt take it. so i played and got lucky and pushed my bankroll to about 800. then i figured i should be safe and play 100Nl. I've been winning consistently and have regularly cashed out so that my br reads about 700 +-60. How much should i increase my br before i move to 200. What is a safe number, 5-10 buy-ins?

Re: bankroll management
 

it depends on your comfort level really but ive always heard that u should have atleast 1200bbs at whatever level u play or more. im a little sissy and i like to have more than that but if u r comfortable with 600-800bbs then u should probably stick with that theme but beware even the best player have bad days and weeks, and one bad day could eliminate that br.

Re: bankroll management
 

Bankroll should be at least 10x the maximum buy-in. ($2000)

Re: bankroll management
 

the easy answer is 20 buy-ins to have a minimum risk of ruin.

the extended answer is that you can calculate your bankroll requirements based on your win rate, standard deviation, and a desired risk of ruin.

BR = -(SD^2 * Ln R)/(2 * WR)

BR - Bank Roll
SD - Standard Deviation
R - Your accepted Risk of Ruin
WR - Win Rate

eg. WR = 10 BB/hour, SD = 150 BB/hour R = 0.001 (0.1%)
BR = -(150^2 * Ln 0.001)/(10 * 10)
= 1554 BB

Re: bankroll management
 

thanks for the advice. the formula is pretty helpful, i always like mathematical anwsers.

Re: bankroll management
 

I like 15 buy ins for each lvl

[ QUOTE ]
i started playing 200NL cause i kept getting hassled by me friend and my ego couldnt take it. so i played and got lucky and pushed my bankroll to about 800. then i figured i should be safe and play 100Nl. I've been winning consistently and have regularly cashed out so that my br reads about 700 +-60. How much should i increase my br before i move to 200. What is a safe number, 5-10 buy-ins?

[/ QUOTE ]