Bankroll managment 101?
I havle little or no disipline and I feel the I'll go broke sooner or later if I keep having swings like mine, my bankroll right now is around 350$, pretty unimpressive. Since I'm trying to prepare for this one event in april by playing mostly mtt's, how should I go about increasing my bankroll?
Comments
win
helpful.
I think the best way, besides improving your skills obviously, is to not play beyond your means. Don't risk too much of your bankroll at a time, so that you can handle the inevitable swings that come with poker. You need to be able to handle the variance so that you can be a winning player in the long run. There are a few different theories out their on how much of your roll to risk in any one session; and it varies depending on whether you are playing tournaments or cash games.
I try to play most MTTs, and I don't play one's with entrance fees greater than 2% of my bankroll. SO if I had a $350 bankroll, i'd be entering $5 - 7$ tournaments mostly. That way a horrible run, won't cripple you. That's just based on experience with having to endure some pretty bad runs from time to time. I'm sure some other people on here would have better advice on the matter.
If you don't get much response here, try posting in the "ask the poker pro" section.
Following the first link, it looks like my numbers are bit conservative. Ah well, slow and steady wins the race, right?
Looks like you and I (and many others) suffer from the same affliction.
Bankrollus Nittitus
lol. Better that than Bankrollus Vanishus. Or as the article calls it "Hombre Busto"
1) "If I lose this 350 there wont be food on the table for my kids"
OR
2) "If I lose this 350 I go back to my Job as a plumber and put it back in a couple months of saving"
OR
3) "If I lose this 350 I pull it out of my spare change jar and put it back in my account after I finish taking this alley-oop from Kobe Bryant"
if its 1...you need to move down to the lowest possible stakes or perhaps quit entirely
if its 2... play whatever your comfortable with...id suggest if your an MTTer playing $10 buyins is probably about right if the money is replaceable with your job.
if its 3...hey, stop being such a nit and put more money in there and play some huge tournaments.
PRO PROTECTED UNPROTECTED
Limit Cash Games 550-700 Big Bets 400-500 Big Bets 200-300 Big Bets
NL/PL Cash Games 45-65 Buy-ins 30-45 Buy-ins 20-30 Buy-ins
SNGs 65-75 Entries 40-50 Entries 20-30 Entries
MTTs 200-250 Entries 100-150 Entries 30-50 Entries
According to this table, I'm the king of bankroll nits...
How come all the whitespace in posts get condesed???
If you have a $350 bankroll,and need it to last, i know if it was me, i wouldn't be buying in to $100 buy in tournament LOL. I might splurge and go for a $25 buy-in(once) but would probably keep it to around $5-$10.
Richard...you never did mention if your bankroll was strictly for tournaments, or if you use that as well to play cash games?