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Bankroll Question

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  1. magicfingers magicfingers is offline

    Dallas, TX
    United States

    Posts: 388
    Joined: Feb 05

    Apr 29th, 2007 (4/29/2007 3:39pm)

    A few days ago, I got an email from Full Tilt for the latest tip from Pors. This one is from Chris Ferguson. http://www.fulltiltpoker.com/tip-ema....php?utm_id=89

    Basically he talks about how he is going from starting with zero money to 10,000. He lists a few rules on managing your roll. One he suggests is that you stick to cash games and sit n gos that are 5% of your total bankroll. Tournaments should be no more than 2% of your total bankroll. But then later on in the article, I think he contradicts himself a little by saying dont play in games that are at the top of your bankroll limits. So which is it? When he says 5% and 2%, does he mean 5% for the entire day. Or for every tournament you want to play through out any given day? I hope its the latter. Because in my case, it would mean I could play 1 20 dollar sit n go at a time or $20 for 1 cash game table. It would suck if that was all I could do for the entire day. Can someone clarify this for me please?
  2. Edals Edals is offline

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    Apr 29th, 2007 (4/29/2007 3:41pm) in reply to magicfingers

    Basically 20 buyins. So if you have 100 dollars, you can enter 5 dollar SNG's for example.
  3. MJDub MJDub is offline

    Orlando, FL
    United States

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    Apr 29th, 2007 (4/29/2007 3:43pm) in reply to magicfingers

    Well the his rules are based on every tournament/cash game you want to play not just for one day.

    And maybe to clarify the part about not playing in games at the top of ur roll he says, "The other point is that you should avoid playing in games that are at the top of your bankroll limits, when a lower game offers more opportunity for profit."
  4. hyacinthgirl hyacinthgirl is offline

    Albuquerque, NM
    United States

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    Apr 29th, 2007 (4/29/2007 3:45pm) in reply to magicfingers

    it's just a general guideline for how much you have on the table at once. in general, the greater the percentage of your total bankroll you play with at any time, the greater your risk of ruin (going broke).

    if you're playing cash games, the highest stakes you should be playing by the 5% guideline:
    your bankroll/20
    so if you have $1000, divide it by 20 and you'll see you should be playin $50 max NL as your highest game.

    MTTs divide by 50. so a $1000 bankroll/50 would be appropriate for $20 and under MTTs.

    it's all skill and comfort-based, though. when i played SNGs i liked to have 100+ buyins in my roll so that i could withstand the nastiest of swings and not "feel broke." just because you have the money doesn't me you should play the highest you can afford.

    going broke isn't the end of the world, either. :) it's just not that fun, and it's ten times more satifying to build a roll than redeposit.
  5. magicfingers magicfingers is offline

    Dallas, TX
    United States

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    Apr 29th, 2007 (4/29/2007 4:02pm) in reply to hyacinthgirl

    You guys are making this more confusing than I already am. Got 1 guy saying its this way and another saying its this way. So which is it? The reason I am asking is because originally I was under the impression that you can buy into any tournament or cash game within 5% of your roll everytime you play. Based on that theory I have lost about 100 bucks in 2 days. Of course I could just be on the down side of variance right now. But its still a big chunk of my roll. The guide line I had been using was 45x the buyin for sit n gos and 100x the buyin for MTTs. But I liked the Chris' guideline because of the fact that he is trying to get to 10,000 using his guidelines. I wanted to do the same.
    Thread Starter
  6. mkb1mkb1 mkb1mkb1 is offline

    Wrexham
    United Kingdom

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    Apr 29th, 2007 (4/29/2007 5:43pm) in reply to magicfingers

    I use Fox's br management article which is listed under the stratergy section of this website.

    I personally use 200 buy ins for MTTs and 100 for SNGs. No-one can tell you what figures to use but use what you are comfortable. The figures above are for a 'pro' so if you lose your roll with the above figures then you may aswell not play poker! But I multitable 6 or so mtts at a time and not play just 1 at a time. Hope that helps.
  7. BerkeleyBoss BerkeleyBoss is offline

    Berkeley, CA
    United States

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    Apr 29th, 2007 (4/29/2007 7:32pm) in reply to mkb1mkb1

    I understand what you're saying, if you have $100 bucks, you play $5 sngs...so if you play 2 and lose both of them (gonna happen about 35% of the time), then you're at 90 bucks, so this means you have to drop down to $3 sngs. I think he bassically means that to put 5% of your roll in a sng, your are sort of taking a shot persay, in order to not have to go down in levels. So, really to multi table sngs, or to play all day, you should only really put 3% or so in each sng. $100 bankroll, maybe take a shot or 2 at the $5s to try and get ahead quickly, but if you lose em, get to grindin the $3 until you get back up to $100, then take a couple more shots...Rinse and Repeat until the shot goes in, and you can consistently play $5s...and so on
     
  8. RazzleDazzle RazzleDazzle is offline

    Cleveland, OH
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    Apr 29th, 2007 (4/29/2007 7:39pm) in reply to magicfingers

    Nice and simple: Don't play a SnG or cash game that takes more than 5% of your bankroll at any given time. Let's say early in the day you had a proper roll to play $20 SnGs. You went on a bad run and now let's say you have $200 left...You only have the BR to play in $10 SnGs. See what i'm(and chris ferguson) sayin?
  9. WillieDM3 WillieDM3 is offline

    Florence, AL
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    Apr 29th, 2007 (4/29/2007 7:45pm) in reply to RazzleDazzle

    I think 5% is a little high for SNGs(or maybe I'm just too chicken to jump that high..lol). In MTTs, I see a good but of oversimplification for what kind of BR is needed. There is a huge difference between playing an MTT with 100 people and one with 1,000 people.
     
  10. jhill3535 jhill3535 is offline

    Russellville, AR
    United States

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    Apr 29th, 2007 (4/29/2007 7:55pm) in reply to magicfingers

    If you never put more than half of your bankroll in play at one time you can never go broke.

    For that matter, theoretically if you always only put 99% of your bankroll on the line at one time you can't go broke.

    The way I look at it, if you are comfortable playing a level, play it. I don't have the "bankroll" to play 200NL and 400NL according to most standard recommendations, but I consistantly beat it for a good rate. I play it because I feel comfortable playing and know that I have an edge in the games that I play against the average player at those levels.

    Yes you will run bad at times, but when you run bad for 4 or 5 buyins in a cash game, you can easily drop to a lower level and work you way back up and take some time to analyze your game and see if it is just bad luck or bad play. I think you can comfortably play cash games on 10-15 buyins or even less if you are playing a level that you have shown that you can beat.
     
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