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Old 06-18-2005, 10:07 AM
brimstone1 brimstone1 is offline
Junior Member
 
Join Date: Jan 2005
Posts: 28
Default Money management

Besides loving the game, we play to make money.
That, in the end, is the primal goal of the game.

From day 1, I've wanted to take some of my BR out and save it as profit, but when I played limit, I never got the chance (crazy $2/$4 variance never let me). Now, playing SnGs exclusively, I want to start saving some of my money while at the same time keeping my BR secure with as little risk of ruin as possible.

I thought if I gave the decision of how much to take out as a "civilian," selecting a random amount of my choice, and not a poker player, I would be making a mistake in the mathematical sense. But I'm short on the exact mathematical reasoning that would give me the correct result.

That's why I come to you, dear 2+2 brothers and sisters [img]/images/graemlins/smile.gif[/img]

How much, or for instance what percentage of my [monthly] ROI% can I take out every month, and still keep a very low risk of ruin?

Does this question require more variables to be defined?
Like ROI, BR, net profit, buy-in level, etc?

I don't want to say "I'll keep 50 buy-ins and take out the rest", I want to find the mathematically correct amount and start saving it for a rainy day, or is there a certain number of buyins that will fit my criteria?

Compared to the $55-$109-$215ers amongst us, I probably make less every week than what you spend on your morning session, but still, I'd like to start putting some away.

I'm an enthusiastic $22 player constantly reading, studying, and looking to move up.

Thanks.
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