If you're a poker player you'll know by now that the bankroll can be your poker bible. If you have zero bankroll you simply can't play poker! This article will give 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 very best poker player on the planet, you must have good bankroll management! Going bust is not the poker gods punishing you, its variance and variance is FACT. If you want to start earning a decent amount playing poker, then follow the advice with this thread. This is the first task 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 the following solution to ensure he could handle his variance swings. He played cash games generating certain he always had 20 buyins. These were not full buyins they were half buyins. If you planned to play $0.01/$0.02 cash games, the max buyin is $2 and so you'd buyin for $1. This would mean that you'd have to have $20 to get properly bankrolled for $0.01/$0.02. Likewise, if you have 100 then you definately you are bankrolled for $0.05/$0.10. If you ever go BELOW 20 buyins then you need to drop into an even where you might be properly bankrolled.
This method may be thoroughly tested. It's a good method providing you follow it. You must expect you'll hit bad variance and move down an even 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 will 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 through the rebuy period (please read my article on rebuy strategy). This means you must have at least 6 x 30 buyins because obviously you will be double rebuying and adding on! Remember in case you fall five to ten you should lessen the amount you 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 the Classic NL (no limit) Method. The basic concept of this method is usually to keep no less than 2000 big read more blinds for that level you need to play. That's right! to become 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 find the players better to beat, then you can definitely drop your bankroll threshold to 1500-2000 big blinds. As you begin to move up to $0.25/$0.50 and $0.50/$1.00 I would a lot recommend you stay with 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 oversees.
Classic Limit Bankroll Method:
Limit poker is really a WHOLE different ball game. You can have as few as 400 big blinds inside your account because you may be risking less for every buy in along with the variance is smaller. In limit holdem it will always be impossible to lose your stack similarly coming from a 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 that this may be the right bankroll you should target.