BankRoll Mangement

Please be very aware this article is purely a recommendation of sound Bankroll Management.



There are lots of variations of what should be considered as correct/sound Bankroll Management and who is to say which ones are more accurate and successful than others. In this article I will try to express one of the more efficient and successful recommendations that winning players might adhere to.

Even the best poker players in the world are followers of strict Bankroll Management and regard it as a skill and an essential part of their armoury, without it they could be likened to a sniper without a gun and wouldn't be able to function to the best of their ability. Without proper bankroll management ( BRM ) it is very likely that even the best of the best would eventually go broke.

Variance is the key word you should consider if you want to be a winning poker player, it is the ups and downs, the highs and the lows, the good and bad runs of cards you will experience over time ( In the long run ) and the only way to successfully ride out these storms would be to incorporate sound BRM.

BRM is mostly about playing within your limits and protecting your bankroll ( BR ) so that you can continue to play poker within your comfort zone and without the fear of going broke. It is also about "In the long run" meaning winning poker players are very aware of the "upswings and downswings" that they can experience over a long period of time and skillful money management comes into play.

Playing within your limits would now become a vital ingredient to any kind of success so lets take a look at a recommended BRM guide for Texas Holdem and the three main variations of it. Those variations being No Limit Holdem/Pot Limit Holdem ( cash games ), Limit Holdem ( cash games ), and Tournament/Sit & Go Holdem.

Cash games playing NL/PL Holdem

One safe recommended BR for cash games playing NL/PL Holdem would be 20 times the maximum ( max ) buy-in, so to stand a good chance of making money at say a $0.50/$1.00 table where the max buy-in would be $100 your BR should be $2000 or better.

This would also equate to 5% of your BR as it works out the same as the above example. * Bare in mind that if you intend to play poker as your main source of income then other elements need to be considered. A much higher BR would be needed here as you would have to take into account living expenses etc.

**Another thing to be considered is if you are playing short handed, the orbits will come around more frequently than at a full ring table and you will inevitably be involved in more pots so perhaps an added 25% of buy-ins might be needed here.

*** Your playing style might also determine a different amount of buy-ins. If you are a tight player then perhaps you could slightly dip under the recommended amount of buy-ins because you would more often than not only be risking your money when you are in very good shape. Alternatively, if you are a loose player then perhaps you might want to consider a higher amount of buy-ins because variance and swings would come into play much more often.

Consider points (*) (**) (***) with all three Texas holdem variations.


Limit Texas Holdem

If you are a Limit Holdem player then a recommendation of 300 "Big Bets" is a good yard stick to work from. This would mean that if you played at the $2/$4 limits then you would need to have a BR of $1200 or more.

Tournaments and Sit & Go

A recommendation here would be to have a BR of at least 40 buy-ins. So say for instance you wanted to play $5.00+$0.50 S&G's or tournaments then you would need a BR of $220 or more.


Lets re-cap briefly this recommended BRM guide before I show you a more comprehensive chart type guide.

Cash NL/PL = 20 buy-ins
Cash Limit = 300 Big Bets
Tourns/S&G = 40 buy-ins

CHART


Cash NL/PL

5c/10c = $200
10c/20c = $400
25c/50c = $1,000
$0.5/$1 = $2,000
$1/$2 = $4,000
$2/$4 = $8,000
$5/$10 = $20,000
$10$/20 = $40,000
$25/$50 = $100,000
$50/$100 = $200,000

Limit Holdem

5c/10c = $30
10c/20c =$60
25c/50c = $150
$0.5/$1 = $300
$1/$2 = $600
$2/$4 = $1200
$5/10 = $3000
$10/$20 = $6000
$25/$50 = $15000

Tourns/S&G

$1.00 + $0.10 = $44
$2.00 + $0.20 = $88
$5.00 + $0.50 = $220
$10.00 + $1.00 = $440
$20.00 + $2.00 = $880
$30.00 + $3.00 = $1320
$40.00 + $4.00 = $1760
$50.00 + $5.00 = $2200
$100.00 + $10.00 = $4400
zinzan1000- From www.btdpokerforum.com