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9

Since I rarely play cash games, I'll only talk about tournaments. When it comes to tournaments, the bankroll you choose must depend on both your skill level and on your financial possibilies. You may be a millionare, but starting to play tournaments that have $5000 as buy-in is definitely not a good idea. Basically, my rule is at least 60 buy-ins for ...


7

First off, 200 times the big blind is NEVER* enough. That's two buy-ins. If that were your bankroll, you would go broke, even if you were the best poker player on the planet. Now then... SoboLAN's answer was a great one for MTTs. For SNGs, you can probably start out a bit lower than that - around 60% of his recommendation should be ok if you are playing a ...


6

The two most well known database management tools are PokerTracker (I have this one) and Holdem Manager. Both are very good, but I prefer PT's extensibilty using PostgreSQL. Also, evplusplus have other useful things, like a Risk of Ruin calculator, Winrate Confidence calculator and bankroll management simulator that I've used extensively to model how I ...


5

Typically, live play will mean you're seeing between 30-50 hands per hour. In your case, this will mean that you've seen somewhere in the region of 7,000 hands. This is an incredibly low number to make any significant, reliable assumptions about the StDev of your win-rate. The data set simply isn't large enough to be approaching what we'd consider a normal ...


4

This question is considered by way to many players as relevant to building a bankroll. What you are winning or losing in any particular session has nothing to do with your expectation. One is going to have rushes and bad runs. These things even out. What the important thing to keep in mind is that you want to play winning poker for as many hours as you can. ...


4

Disclaimer: All of what follows applies only to winning players. For non-winning players, none of this matters a whit. I'm not going to discuss actual, hard numbers as most people familiar with StdDev in poker will declare something that can be interpreted as "StdDev is completely useless until you have 100k+ hands," -- a sentiment I disagree with in ...


4

If you know your winrate and your standard deviation information you should be able to estimate your bankroll requirements by looking at the ev++ variance calculator. You'll see a good amount of information here about longest breakeven and downswings and other winrate related estimates: http://www.evplusplus.com/poker_tools/variance_simulator/ For ...


4

Deciding how comfortable you are with going bust (a.k.a. Risk of Ruin or RoR), is arguably the most important issue regarding how you personally manage your bankroll. Issues like the depth of your bankroll, how you handle variance, the type of games you play, and potentially your drawdown (if you're living off the income from playing) are part of ...


3

I remember reading on pocket fives a long time ago that you will want one extra buyin, beyond the typical recommendation of 25-40 buyins, for each additional table that you will be playing. 20 buyins is a little on the low side unless you can afford to replace it if you go broke. If you start with 40 buyins, the chance of going broke (assuming that you are ...


3

Reloading to the max enables you to win the max possible amount from other players. If you think you have an edge over others at the table, you should be happy to have the largest possible amount of chips in front of you. When you first sit at a table or whenever you sink below that max buy-in threshold, you should want to top off your stack. On the other ...


3

In general, I don't think there should be lots of changes. If you have x dollars in your bankroll now, and if you have the financial situation where you can afford to add y dollars per month to your roll over z months, then your virtual bankroll z months in the future is x + yz. You still need honestly to assess your win rate and variance to know whether ...


3

If it doesn't cost you anything to withdraw or deposit (no fees), I don't see any benefit of keeping a large bankroll online. Plus it could be a form of money management by keeping a % of your bankroll on a site. If you bust and can't buy in over and over, it will force you to take a break by redepositing and hopefully getting of tilt.


2

I used to have my bankroll split between various sites and my winning on MoneyBookers (called "Skrill" nowadays). Then I ended up keeping my bankroll mostly on one big site and withdrawing my winnings to my bank account. A huge problem with splitting on different sites is that it's great while your clear bonuses (and reload bonuses) but besides that, it's ...


2

LIFE You might reconsider if it's worth taking 4 hours travel to go play poker. Unless you do it once a month or so. I'd tell you to find a better way to make money perhaps. Poker is a tyring, stressfull game. If you play too long and have to travel 2 hours to go and 2 hours to come back you might consider that one day you might get an accident because ...


2

It's true that so-called "action flops" can increase the size of pots and therefore increase the rake dropped for each hand. It's also true that there is the potential for financial gain to be had for a poker site in tweaking the "luck" that certain classes of players have on a site. But... these are hard problems. How do you inject action flops into your ...


1

At higher stakes the players are better. It is natural for everybody to have smaller relative win rates. At penny tables the rake is relatively much higher compared to the blinds then in the middle limit games. Below is the rakes schedule for NLHE at poker stars. I stripped out the short handed rakes, just because they added to much clutter, and am just ...


1

This is a very good question. There have been inside cheats at poker rooms and of course there is Ultimate Bet failing when Online poker was decimated with the passing of the port Authority act in 2006. UB did not have enough money to cover withdrawals because deposits were not fenced and the money had been used by owners and sponsored players for other ...


1

You should maximize your winning by entering with $300, 100 BB. Entering with less forces you to be very selective with your cards, even in late position, which is not what you may want in cash game. I personnaly don't like rules about when to leave, because it may put you on autopilot and neglect to think about what is really happening in the session. ...


1

Before choosing what to do, you should ask yourself a few questions: What is the average stack? Did I loose 12 caves because I am unlucky or are the others better than me? Do I have some kind of edge on my opponents that can makes me win over them for the rest of this session? If those 1000 can allow you to see more flops and put pressure, you should ...


1

That's called "going south." It's a violation of etiquette at the higher levels of play, and probably won't be noticed at the lower levels. If you're nervous having that big of a stack in front of you, cash out, take a 20 minute walk to clear your head, and then get back on the table with a regular buy in. The advantage of having a big stack at a table ...


1

As the others said, you must leave the table possibly being allowed to sit out and come back to your seat if your lucky. You even have to leave the table in online poker if you want to bank any of your winnings. The reason being is that the people who you won money from expect at least the chance to win it back while you are still at the table. I use ...


1

You can not take out money from the table. The only thing you could do is get out of the table and come back later. If 1000$ is a big portion of your bankroll you should consider stand up. If you feel like you have good reads on your oponents and it is really easy to get their chips you could maybe consider staying. (In a way if you think it's that easy ...


1

This is called ratholing and is generally not allowed. If you want to remove money from the table you will probably at minimum be forced to sit out for some amount of time.


1

Normally you should keep playing as long as you feel you have an edge over the table. If you do want to work with a certain cut-off point, it would be better to specify it in time than in winnings or loosings. For instance, you might know from experience that you can't keep focused for more than 4 hours, so you quit after 4 hours, unless you are at an ...


1

I think it was Mason Malmouth who wrote an article about "The Silly Subject of Bankroll", I paraphrase. In the old days when the game of choice was big blind Texas Hold'em for professional players the benchmark was 300 big blinds was a adequate bankroll that would allow a player a 95% margin for not going broke with standard deviation. (Big Blind hold'em is ...


1

If you can learn patience and the ability to fold small hands to postflop raises then you will be far ahead of most microstakes players when you decide to play for real money.


1

For cash games, when you feel you are by far the best player at the table, you can start playing for real money. Repeat this step on real money tables as well. What I think is interesting are the freeroll tournaments. I really learned a lot by doing this. You will learn playing in position, playing with your stacksize, adapting to new blind levels and so ...


1

Obviously it is not that good of an idea. Better go to a bank and let your money grow there. However, as a European guy, I have thought about this as well. Since on most poker sites, everything is stored as dollars, you could basically deposit an amount when the euro/dollar ration is low and then withdraw your money when the ratio changes in a positive way. ...


1

I would say you should only keep on there, what you don't mind losing, just in case anything was ever to go wrong. I would also stick to the bigger sites to be honest, less chance of them going broke etc. When i win big i tend to take at least half of it out and pay off some bills etc.


1

Although I don't think these are solely poker terms, "Total Money" is equivalent to Bankroll. "Money Invested" is equivalent to Money at Risk or Current Exposure to Risk. Some useful links to answers from this site on the topic of bankroll are: What is a proper starting bankroll? Tools for Managing Bankroll, Income and Losses



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