tourneys: entry vs bankroll guidelines
Does anyone have any suggestions as to how big your bankroll has to be to support a given entry fee in a tourney?
This is kind of related to another thread where the players wants to know how big the bankroll has to be to move up in limits.
I haven't seen any guidelines published related to what kind of entry fee you can support.
If it enters into the equation, I have been playing NL tourneys for a few months - usually at the $2 or $5 level. I'm pretty consistent at getting in the money with the 10- or 20-seat SnG's. More recently, I have been taking first on a regular basis. I don't have the time for tourneys with hundreds of players.
All suggestions appreciated.
This is kind of related to another thread where the players wants to know how big the bankroll has to be to move up in limits.
I haven't seen any guidelines published related to what kind of entry fee you can support.
If it enters into the equation, I have been playing NL tourneys for a few months - usually at the $2 or $5 level. I'm pretty consistent at getting in the money with the 10- or 20-seat SnG's. More recently, I have been taking first on a regular basis. I don't have the time for tourneys with hundreds of players.
All suggestions appreciated.
Comments
I am told that the top players pay $250,000 a year in tournament entries for a year. Many of those are NOT getting that money back in a single year. IT is not hard to go on a long losing streak at tournament poker. Yes, Daniel Negreanu has won two WPT events this season, but think of a few names that you have not heard of in a while. Can you? I have think of three or four "big names" that haven't even sniffed the money since the WSOP and that it without giving it too much thought.
What do I do? Understand that I am an amateur player. I play for fun, not to make a living. So, I will not put my BR in jeoprody. I mostly pursue poker to play tournaments. I will put up to 33% of my BR in action for the WSOP or similar sized event becuase THAT IS WHY I PLAY THIS DUMB GAME. But, unless I am investing in an event with some SERIOUS emotional benefits, I am pretty careful. Only the WSOP and maybe one other $10K event a year get that big a chunk of my BR.
Not very helpful is it? Sorry.
But that 5% number is only because I'm a scared little baby when it comes to protecting my roll. And yet, I can justify spending ridiculous amounts of money on people's Christmas presents, including my own, to me, from me. It's emoticon time: :biggrin:
Regards,
all_aces
For me the question was "am I good enough" to play at a certain level. It's really hard to know unless you put up the dough. Luckily, the Internet provides an awesome way to find out if you can make enough dough. It's the small dollar satellites. At stars, there's the $3, and $5 tournaments to get you into the big Sunday tournaments, or the big WPT/WSOP qualifiers. I personally will not pay full price to enter the big dollar tournaments because I'm still learning the ropes, so I put up a very small amount to enter the small dollar tournaments. It's a great way to get experience at both levels. If I score a big win, I may buy in directly to the larger tournaments. But for now I keep slugging it out.
Cheers
Magi
magi's is closest to the way i want to do it.
dave, who has the most tourney expertise (as far as i know) and who i would expect to have an exact formula already worked out (based on ev or something) sounds like more of the 'classic gambler'. i guess i learn something every day.
i do play poker for fun but i feel i have to show a profit at it. not sure why. probably a testosterone thing. i'm just not ready to risk a substantial chunk of my bankroll on a single tourney.
i guess i've been getting comfortable with the low limit tourneys. when i feel like i can count on making a profit at these levels i'll slowly move up the limits. ironically, i've played in a few home touneys, where the entry fees are generally $10-50, which is a lot more than I'd consider playing online. i have steadily improved in the home tourneys and i have to think some of the credit has to be given to the number of low limit tourneys i've played online.
i think i read somewhere else where someone plays ring games to make enough for tourney fees. i do this. then if i win enough in a tourney, i can use that as an entry fee in a bigger tourney.
general question: are the skills you learn in the low limit touneys transferrable to higher limit tourneys? i expect the competition should get steadily tougher as i move up but probably not a huge leap from one level to the next.
Yes, skills you learn a transferable, but only to a point.
At low limit tournaments generally "Rock" is the way to go because a huge percentage of the field will be "Fish." Thus, in the vast majority of situations the proper counter strategy to deploy is "Rock." In the big events ($10K) rocks get slaughtered. Killed. They are grist for the "Fox Mill." The situations you will encounter are much much more varied and you must have a lot more possible counter strategies in the arsenal if you are going to succeed.
For instance, in this month's question of the month I asked why Daniel Negreanu can play some sketchy cards and still have such success? Let me ask another question: "What is the proper counter strategy to deploy against a player like Negreanu (or Raymer or Hanson for that matter)?"
In my experience, it's very difficult to get a full set of skills until you start to play the big events and in the big events (say $1K an up) there is a HUGE leap forward in the skills required.
I would say there is a leap from $100 local tournaments to $500 regional tournaments to $1000 national tournaments to $5K or $10K BIG events. And, the leap at each can be substantial.
excellent points about the leap in skills between the big levels. thanks for the insight.
Dave, I always knew you had more discipline than myself. As soon as my bankroll gets over 3K, I cash out most of it and rebuild. I can't resist and it helps keep the family happy.
I rarely play live tournaments -- WSOP was my first live tournament. My question is comparing online to live skills. I really didn't find the skill level at WSOP to be that much different from the $200/$500 Sunday Stars tourney. Then again, I only made it to day 2. Wish I could have played longer against Johnny World on Day 2, but I lost my coin-flip.
How would you compare the skill levels at the $200/$500 Sunday stars tournies to the majors (10K multi-day events)?