If you're poker player you will be aware at this point that your particular bankroll will be your poker bible. If you have no bankroll you can't play poker! This article will present you with some valuable information about how to deal with your bankroll and the ways to never go broke!
Importance Of A Bankroll:
Even should you be the most effective poker player on the globe, you must have good bankroll management! Going bust isn't poker gods punishing you, its variance and variance is FACT. If you wish to start earning a decent amount playing poker, then stick to the advice on this thread. This is the first step to being a WSOP bracelet winner.
The Chris Ferguson Method:
I read articles a little while back authored by Chris about his transformation of $1 into $20,000. He used these solution to be sure he could handle his variance swings. He played cash games making it sure he always had 20 buyins. These were not full buyins these were half buyins. If you wanted to play $0.01/$0.02 cash games, the max buyin is $2 and thus you'd probably buyin for $1. This would imply you'd probably have to have $20 to become properly bankrolled for $0.01/$0.02. Likewise, if you had 100 then you definately you are bankrolled for $0.05/$0.10. If you ever go BELOW 20 buyins you will want to lower into a level where you're properly bankrolled.
This method continues to be thoroughly tested. It's a good method providing you stick to it. You must be ready to hit bad variance and move down an amount or two if you want to. Discipline is KEY for this bankroll method.
Classic Tournament Bankroll Method:
To be bankrolled properly for tournaments you need to always have a minimum of 30 entry fees towards the tournament you need to enter.
Things change slightly with rebuy tournaments. Because of the nature of rebuy tournaments you'll be shoving or folding hands preflop throughout the rebuy period (please read my article on rebuy strategy). This means you must have a minimum of 6 x 30 buyins because obviously you'll be double rebuying and adding on! Remember if you fall 5 or 10 you'll more info want to decrease the amount you would spend on entry fees. Again, the idea of used so commonly in poker - Discipline is KEY.
Classic NL Cash Bankroll Method:
An alternative for the Chris Ferguson Method there is a Classic NL (no limit) Method. The basic notion of this process is to keep at least 2000 big blinds for that level you wish to play. That's right! to get properly rolled for $0.01/$0.02 you need at least 40 dollars. If you're winning in the level you might be playing at and also you find the players much easier to beat, then you can drop your bankroll threshold to 1500-2000 big blinds. As you start to progress to $0.25/$0.50 and $0.50/$1.00 I would very much recommend you follow 2000 big blinds as variance has very damaging affect money wise. Please note that you'll want a lot more than 2000 big blinds for 6 max tables and manages.
Classic Limit Bankroll Method:
Limit poker is often a WHOLE different ball game. You can have as little as 400 big blinds inside your account because you may be risking less for each buy in as well as the variance is smaller. In limit holdem in most cases impossible to reduce your stack on one hand from your cold deck, unlike NLHE.
NB. I do not play limit holdem and so I don't have any knowledge about this bankroll. The general consensus with players I have spoken to is this fact may be the right bankroll you ought to shoot for.