If you're poker player you will know chances are your bankroll can be your poker bible. If you haven't any bankroll you can't play poker! This article will offer you some valuable information about how to deal with your bankroll and the ways to never go under!
Importance Of A Bankroll:
Even if you are the top poker player on the globe, you might want good bankroll management! Going bust isn't the poker gods punishing you, its variance and variance is FACT. If you want to start earning a decent amount playing poker, then continue with the advice in this thread. This is the first step to learning to be a WSOP bracelet winner.
The Chris Ferguson Method:
I read a write-up some time back written by Chris about his transformation of $1 into $20,000. He used these approach to be sure he could handle his variance swings. He played cash games generating certain he always had 20 buyins. These were not full buyins we were holding half buyins. If you wanted to play $0.01/$0.02 cash games, the max buyin is $2 and therefore you would buyin for $1. This would signify you'd probably have to have $20 to become properly bankrolled for $0.01/$0.02. Likewise, if you had 100 then you definitely you might be bankrolled for $0.05/$0.10. If you ever go BELOW 20 buyins you will want to lower down to a level where you happen to be properly bankrolled.
This method continues to be thoroughly tested. It's a good method so long as you stick to it. You must be ready to hit bad variance and move down a quantity or two if you wish to. Discipline is KEY for this bankroll method.
Classic Tournament Bankroll Method:
To be bankrolled properly for tournaments you need to will have no less than 30 entry fees for the tournament you would like to enter.
Things change slightly with rebuy tournaments. Because of the nature of rebuy tournaments you may be shoving or folding hands preflop in the rebuy period (please read my article on rebuy strategy). This means you might want no less than 6 x 30 buyins because obviously you may be double rebuying and adding on! Remember if you fall five bola to ten you'll want to slow up the amount you would spend on entry fees. Again, the phrase used so commonly in poker - Discipline is KEY.
Classic NL Cash Bankroll Method:
An alternative on the Chris Ferguson Method you have the Classic NL (no limit) Method. The basic thought of this technique would be to keep at least 2000 big blinds for your level you want to play. That's right! to get properly rolled for $0.01/$0.02 you need no less than 40 dollars. If you're winning in the level you happen to be playing at and you also find the players better to beat, then you can drop your bankroll threshold to 1500-2000 big blinds. As you learn to move up to $0.25/$0.50 and $0.50/$1.00 I would a lot recommend you adhere to 2000 big blinds as variance has very damaging affect money wise. Please note that you'll want greater than 2000 big blinds for 6 max tables and heads up.
Classic Limit Bankroll Method:
Limit poker is really a WHOLE different ball game. You can have as low as 400 big blinds with your account because you will be risking less for each buy in along with the variance is smaller. In limit holdem it is usually impossible to get rid of your stack on one hand from the cold deck, unlike NLHE.
NB. I do not play limit holdem and so I have no exposure to this bankroll. The general consensus with players I have spoken to are these claims could be the right bankroll you should strive for.