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?
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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.
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Re: bankroll management
Bankroll should be at least 10x the maximum buy-in. ($2000)
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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.
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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 ] |
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