If you're a poker player you will be aware at this point that your bankroll will be your poker bible. If you don't have any bankroll you can not 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 in case you are the most effective poker player on earth, you'll want good bankroll management! Going bust isn't the poker gods punishing you, its variance and variance is FACT. If you need to start earning a decent amount playing poker, then stick to the advice in this thread. This is step one to transforming into a WSOP bracelet winner.
The Chris Ferguson Method:
I read a piece of writing quite some time back authored by Chris about his transformation of $1 into $20,000. He used the following strategy to ensure he could handle his variance swings. He played cash games making sure that he always had 20 buyins. These were not full buyins they 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 signify you'd have to have $20 being 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 drop into an even where you're properly bankrolled.
This method has been surefire. It's a good method if you stay with it. You must be prepared to hit bad variance and move down a quantity or two if you want to. Discipline is KEY for this bankroll method.
Classic Tournament Bankroll Method:
To be bankrolled properly for tournaments you must have always no less than 30 entry fees to the tournament you wish to enter.
Things change slightly with rebuy tournaments. Because of the nature of rebuy tournaments you will end up shoving or folding hands preflop throughout 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 will end up double rebuying and adding on! Remember if you fall five to ten you should reduce the amount you would spend on entry fees. Again, the saying used so commonly in poker - Discipline is KEY.
Classic NL Cash Bankroll Method:
An alternative to the Chris Ferguson Method there is a Classic NL (no limit) Method. The basic concept of using this method would be to keep no less than 2000 big blinds to the level you wish to play. That's right! to become properly rolled for $0.01/$0.02 you will need at least 40 dollars. If you're winning on the level you are playing at so you discover the players better to beat, then you can definitely drop your bankroll threshold to 1500-2000 big blinds. As you start to progress up to $0.25/$0.50 and $0.50/$1.00 I would very much recommend you stay with 2000 big blinds as variance has very damaging affect money wise. Please note that you'll want over 2000 big blinds for 6 max tables and heads up.
Classic Limit Bankroll Method:
Limit poker is often a WHOLE different ball game. You can have as little as 400 big blinds within your account because you will be risking less for each and every buy in and the variance is smaller. In limit holdem it is usually impossible to shed your stack on one hand from your cold deck, unlike NLHE.
NB. I do not play limit holdem and so I have no experience with this bankroll. The general consensus with players I have spoken to are these claims is the right here bankroll you ought to target.