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mcpicses

Jan
31
2010
On a roll...? Bankroll Management - any ideas
Posted in Poker | View Comments (5)
 

Hi

Well been on here for about 1 month and after losing my initial $50, I was given some advice - e.g. learn the game, watch some vids etc..., so I did and lost again lol but now I have re-designed my game and got a tidy $175. Basically I play pretty much a controlled LAG game after watching Gregheadflow vid and I am doing OK, not getting excited but BIG improvement.

Anyway, I digress...

I read Daniel Negreanu is doing a bankroll challenge - $0 to $10,000. Now, he has set himself some guidelines to moving up the stakes:

1. He won’t move up in limits unless he has 500 big blinds for that limit. He’s starting at $0.01-$0.02 with a $10 bankroll.

2. When possible, his buy in amount will allow him 5 buy ins at that limit. For example, if he has $5 left, his buy in for the game will be $1. He will continue to do that until he dips below the min buy in.

3. He will play only NL cash games. He’ll try to play full ring games as much as possible.

4. If he doubles his bankroll in a session he’ll quit on his blind to avoid risking too high a percentage of his bankroll in any one hand.

5. At about the $5-$10 limit he may decide to increase the number of big blinds required to move up in limits. Negreanu says 500 BB’s is plenty for the micro games, but could be short for the higher limit games with better opponents. He will base his decision on when to do that at his discretion.

6. He may also lower the buy in amount for the higher limit games from 1/5th of his bankroll per session to 1/10th of his bankroll per session.

7. When the amount needed to reach a goal is less than the 1/5th of the bankroll buy in, the buy in will be equal to the amount needed to reach the goal. Example: If 1/5th of the bankroll is $4.50 but you only need $2.50 to reach the goal, the buy in for the next session will be $2.50.

Now I realise its a little different for him as basically he loses then he still has a small matter of about $12.7million in the bank but it left me to ask the question of what the guidelines are to moving up the stakes?

According to old Danny boy you need 500 blinds at that level, well after grinding at 0.05/0.10 I do have 500 blinds at the next level which is 0.10/0.20 ($100) but yet I read elsewhere that you should have 20 buy ins which at 0.10/0.20 is $500 ($25 x 20), so can anyone advise???

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01-31-2010
Probability is online now Probability
Probability's Avatar
20BI is agrro. 50BB is insane.
01-31-2010
bigLEOser is offline bigLEOser
bigLEOser's Avatar
in my experience you want to have 50 BI. mr negreanu is a billion times better at poker then u or i so he does whatever. the reason you need lots of buy ins is because downswings will come and it effects your mind less the less % of your roll you lose in a night/week/month. if you have $500 and you play 50nl and lose 5 bi(which happens more often then id like(and it can happen fast)) youve just lost half your roll and that is sickening. whereas if your play 10nl you only lose 50 and still have 450 left and you just take a break and go right back at it. its a very slow process moving up. best to just accept that and play patiently.

if you can afford to rebuy over and over play whatever stakes you want But once your roll gets high enough your not comfortable rebuying for that ammount then its time to start using good BR management or you will lose all of it. i wouldnt move up without at least 40bi. gl
01-31-2010
Jackson Kings is offline Jackson Kings
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The number of BI's you want to have increases as you move up in stakes. I guess 2-25NL you wanna have like 20BI and for .5/1-1/2 maybe 30-40ish
01-31-2010
btimm is offline btimm
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Before moving on to something different for poker, I used this as a guideline for nlhe 6max games:

25nl: $500
50nl: $1k
100nl: $2.5k
200nl: $6k
400nl: $14k

Ultimately though, it really depends on your skill level, risk acceptance and willingness to move back down a limit, and state of your mental game and ability to deal with swings. It's not all variance. Many swings are poor play and taking your lumps as you learn. Learn to expect 10 BIs downers or more every month when learning if you play about 25k hands per month.

When I was thinking of going from 25nl to 50nl a long while back, two very good players who have made 6 figures from poker each (but who will remain nameless as I hate to give such information away to people) told me completely polar requirements. One told me to move up at $800, the other told me at $1.5k. It is all about risk tolerance and how you handle losing.

Good luck and enjoy the journey!
02-02-2010
mcpicses is offline mcpicses
Cheers everyone. Good advice as had a few days of some proper coolers, e.g. losing with king high flush to ace high flush and some bad beats on rivers eg 2 pair losing to runner runner flush, things like that, where I lost my stack on one hand, and I know thats poker so go to take it on the chin.

Point is if I had moved up, would have lost a lot more instead I am down about 4 BI's which is more acceptable rather than a decent % of bankroll, if I had moved up too early

Anyway, good advice, I appreciate it as I go on this rollercoaster journey!! Fasten your seatbelts!!!
 
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