Online NL BR
I have watched a couple of the $25/$100 max NL tables on party, and they seem to be pretty loose and profitable, but with some of the plays I can see a pretty high varianace as well. I'm just curious to see what others feel about this, and if anyone plays mostly NL rather than limit, I would like to hear your opinion too.
Having a bankroll of 300X BB for online limit games has been "well documented", but what about the NL games online?
Say you're playing $25 max NL, how much should you have in your BR to handle the swings, what about $100 max?
I remember magi posting somewhere awhile back that he is only comfortable with putting 2% of his BR at a table at once (correct me if I intrepreted yourpost incorrectly), so does that mean you won't sit at a $25 max NL unless your BR is at $1250? (this is more magi specific question, but open to others as well)
Found it!
Having a bankroll of 300X BB for online limit games has been "well documented", but what about the NL games online?
Say you're playing $25 max NL, how much should you have in your BR to handle the swings, what about $100 max?
I remember magi posting somewhere awhile back that he is only comfortable with putting 2% of his BR at a table at once (correct me if I intrepreted yourpost incorrectly), so does that mean you won't sit at a $25 max NL unless your BR is at $1250? (this is more magi specific question, but open to others as well)
Found it!
magithighs wrote:I would guess the money you have on the table represents a decent portion of your bankroll on the site. To play effectively, I find I need to have roughly 2% of my bankroll on the table at any one time. I know this sounds very conservative, but it makes these decisions much easier.
Comments
Simple enough for the lower limits.
I currently hover and routinely switch between 2 different limits. My buy-in for these games works out to between 3-5% of my bankroll (and Joe's recommendation works out to 5%). I agree with Lou's recommendation to be very conservative with your buy-in, mainly because of multi-tabling. I usually play 4 tables, so this actually means I'd have 12-20% at risk, so a little bit of tilt or bad cards can REALLY hurt. When playing my higher limit I'll usually play 2 high and 2 low, putting my total risk at 16% (3+3+5+5). 2% would keep the total risk under 10%, but with the additional potential I'm comfortable with increasing my exposure a little.
That said, I'm just trying to feel this thing out. I've seen lots of limit recommendations but not a lot for NL, so any additional replies would be appreciated.
It depends -- lol. If you're looking at poker as your main source of income then the "norm" is more like 1,000 BB in limit poker as the appropriate bankroll for playing. And, that doesn't include cash in reserve if things go bad. That may seem a bit conservative and it is. It does allow one to make the best decisions while playing. I just got back from BCC today, and there were players who are way underbankrolled to play and they shudder every time they have a made hand and there are chasers. Those are the best money making opportunities. One doesn't want to shy away from them.
That said, yes I would go with 2% of my bankroll on one table for NL. If you want to make it your main source of income, I would look at having more in the bankroll -- likely double that. However, if you're looking at poker as a way of making money from a cool hobby, then I'd be comfortable with 5% of my bankroll on a table at one time. I personally wouldn't multi-table if more than 10% of my bankroll was in play. And, I've really cut back on my multi-tabling these days and my results have improved dramatically. Hand reading and feel, are way easier with one or two tables.Â
Cheers
Magi
When considering multi-tabling, I think you need to double that (which brings it closer to the 30-50 number GTA mentions). When you look at the numbers, this seems ridiculously high, but it helps with the horrible swings you can take at NL. I'd read about running bad at limit and losing 200BB, but I recently had a stretch of bad rivers at NL that cost me 800 BB (8 buy-ins) over 2 days (2500 hands), so the "padding" is worth it. Anyway, here's my fairly simple strategy:
- no more than 3% on any single table
- no more than 10% on all tables when multi-tabling
- never buy-in for less than 75% (approx) of the max.
As an example, I currently play 0.25/0.50 (max $50). This means my minimum buy-in is $35, so I need at least $1166 for single-tabling, and $1400 for 4-tabling. $2000 gives me max buy-in while 4-tabling, so ideally this is where I should be normally. In order to move up limits (to 0.50/1.00, max $100), I need at least $3000 ($75 * 4 / 10% ).
Nothing earth-shattering, but it's simple and effective, and has protected me when running bad. Hopefully that helps somebody...
Haha, I know what you mean. I remember a recent 5-10 trip at BCC where some guy at my table was talking about his buddy that wanted to play 10-20 but "didn't have the money to handle the swings". I'm thinking this could be moderately amusing since the "smart guy" only bought in for like $150-$200 bucks. Then he starts to talk about how he has $1000 set aside as his bankroll for $5-10...it was all I could do not to laugh... Incidently I probably dropped close to $400 that session (40% of that guys "Bankroll"), to which I basically shrugged, and took the attitude "That's poker".
what do you guys say about sng's? provided I was only playing them, how many buy-in's would you recommend that I have in my bankroll? (this wont necessarily change anything for now, but mainly if and when i make the decision to move up from these 5+.5 sngs)
does that seem stupid to anyone?
Level Minimum Bankroll
$5+1 $170
$10+1 $220
$20+2 $500
$30+3 $800
$50+5 $1100
$100+9 $2200
Notice that the $5 level SNGs have a requirement of