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CarbonPoker · Full Tilt · Cake Poker · PokerStars · Ultimate Bet · Players Only · Bodog
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I've been approached several times about how to manage a bankroll, and when to cash out. I'm going to address this question very heavily in this post.
The following guidelines will assure with a high confidence level that you never go broke if you are +ROI in the games you are playing, and you exercise good game selection.
Proper Bankroll Management Minimums:
$65 - $1.10 STTs
$90 - $1.10 18-man
$128 - $1.10 45-man,
$130 - $2.20 STTs
$210 - $5.25 HU
$215 - $3.30 STTs
$270 - $6.25 HU
$357 - $5.50 STTs
$416 - $3.25 45-man
$420 - $10.50 HU
$422 - $6.50 STTs
$440 - $2.20 MTTs, $2.20 180-man
$495 - $3.30 90-man
$585 - $6.50 18-man
$715 - $11 STTs
$780 - $12 STTs
$820 - $21 HU
$832 - $6.50 45-man
$880 - $4.40 MTT, $4.40 180-man
$975 - $6.50 90-man
$990 - $11 18-man
$1040 - $16 STTs
$1080 - $12 18-man
$1100 - $5.50 MTTs
$1300 - $6.50 MTTs, $12 27-man, $20 STTs
$1430 - $22 STTs
$1440 - $16 18-man
$1530 - $12 45-man
$1560 - $24 STTs
$1650 - $11 90-man
$1755 - $27 STTs
$1760 - $8.80 MTTs
$1950 - $13 90-man
$1980 - $22 18-man
$2100 - $52.50 HU
$2145 - $33 STTs
$2160 - $24 18-man
$2340 - $36 SNGs
$2400 - $11 MTTs
$2430 - $27 18-man
$2470 - $38 STTs
$2600 - $12 MTTs, $12 180-man
$2970 - $33 18-man
$3300 - $16.50 MTTs
$3320 - $26 45-man
$3420 - $38 18-man
$3450 - $27 45-man
$3570 - $55 STTs
$3900 - $60 STTs, $26 90-man
$4200 - $22 MTTs, $22 180-man
$4250 - $105 HU
$4860 - $38 45-man
$4875 - $75 STTs
$4950 - $55 18-man
$5400 - $60 18-man, $27 MTTs
$6600 - $33 MTTs
$7200 - $36 180-man
$7660 - $60 45-man
$7800 - $39 MTTs, $52 90-man
$8250 - $55 90-man
$8500 - $210 HU
$11000 - $55 MTTs
$12000 - $60 MTTs
$15000 - $75 MTTs
$20800 - $109 MTTs
$43000 - $215 MTTs
$106000-$530 MTTs
Clarifications:
- For Double or Nothing SNGs, use the HU guidelines.
- For MTTs with less than 150 players, use the 90-man guidelines.
- If your favorite game is not found on here, simply multiply the buyin by 40 for HU, 50 for FTP's Matrix SNGs, 65 for STTs, 90 for 18-20 man, 108 for 27-man, 128 for 45-man, 150 for 90-man, or 200 for 180-man or MTTs and add it to the list!
- For satellites, to determine how many buyins you need, use the formula (2000/x), where x is the % of the field that gets paid. For example, if a satellite tournament pays 20% of the field, then (2000/20) = 100, so you need 100 buyins.
- I will be crossposting this on my blog here so if you ever want to reference this, that's the easiest place to find it!
- These buyin recommendations are very conservative and are intended to ensure that you make consistant money while your risk of ruin is extremely minimal. It is made for professional players who cannot afford to replenish their bankroll. Recreational players may feel free to cut these recommendations in half.
- Satellites for must-play tournaments should only be played if you have enough in your bankroll for the target tournament, and you have an edge in that target event. There is an exception to this rule, below.
- I didn't include any game with higher than a 10% rake, because I feel that those games are ripoffs.
- If you are feeling good, don't play too far away from your highest allowable game. For instance, if your bankroll allows you to play $22 SNGs and you are playing $11 SNGs, you are not allowing yourself to make enough money.
- If things have been rough lately, or you have lost confidence, there's no need to play at your highest allowable level. Get back that winning feeling by dropping down, and scoring some wins. You'll still be working towards moving up.
Cashout strategy:
Pay yourself according to volume, not results.
Remove the following from your bankroll every time you play these games:
HU: 2% of your buyin
STTs: 3% of your buyin
18-man: 4% of your buyin
45-man: 5% of your buyin
90-man: 6% of your buyin
180-man/MTT: 8% of your buyin
Also remove all Rakeback/Bonuses earned
When your total cashouts reach the site's minimum cashout requirements, then cash out as soon as you can.
Clarifications:
- If you are a high buyin player, you may be playing a SNG where you are only expected to attain a very small ROI. In that case, divide your expected long-term ROI by 2 and cash out that much per game. For instance, if you are a $320 STT player who expects to make 2% ROI, cash out 1% ($3.30) per game played. That sounds small, but most of your income is coming from rakeback/bonuses anyway.
- For hyper/superturbo SNGs, only remove 1.5% per game.
Taking shots (optional):
Then allow yourself 1/4 of your cashout money for entertainment. Your shot can be your entertainment. For instance, if you are a $5 player who would like to take a shot at a $50 game, then save up $200 in cashouts, and then withdraw $150. use the other $50 for your game. Obviously this is not optimal, but some people will explode their bankrolls at some point if they never get a chance to chase their dreams!
Just one rule:
- If you take a shot and win, cash out at least 75% of your winnings RIGHT AWAY. Don't try to use the shot to pad your bankroll. The bankroll management plan is already designed to keep you where you are going to make the most money per hour.
When used together, over time, the Bankroll Management and Cashout Strategy will:
- Keep you playing at or near your optimal level. You won't have to decide what games to play. The system will do it for you.
- Ensure that you are beating the games at a high enough ROI to continue to play them. For instance if you maintain a 3% ROI at the $27 18-mans, although you are winning, you will be cashing out too much money (4%) to stay at that level, and the system will drop you back to the $16 level, where you will make more money per game.
- Keep you from facing high % fluctuations in your bankroll so your mindset is good.
- Have you making frequent cashouts no matter what your results are. This stops the endless cycle that some people have of moving up and moving down, but never cashing out!
- Allow you to plan. Your income will be easily predicatable. For instance, if you are going to play 100 $27 18-mans today, you know you will cash out exactly $108, no matter how you do.
- Encourage you to increase your volume.
- Give you the opportunity to take an occasional shot at a bigger event and chase your dreams.
I really hope this helps someone.
Jen
*edit - Please give your feedback. If you have any suggestions on how I can make this better, please let me know. My goal is to edit this to perfection, and update this to include whatever new popular games may come up.
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missed that....my mistake
Great post..........should help with all the BR management posts that come up, they can be referred straight to this
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the most helpful and smart post i have ever read on here.nice 1!
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 greggaymer1: | |
the most helpful and smart post i have ever read on here.nice 1!
^^ This - I think this will definitely help me more than you could imagine. TY!
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Dunno about anyone else but I'm hard after opening this thread! 
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POTY
I especially like the cashout rules, thats just pure genius.
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I've already been using a plan like this that Jen helped me set up for about 4 months now. As long as you are keeping a record of your play (which you probably should be doing already) the entire scheme works beautifully.
What I've done is create a spreadsheet program to help calculate the amount to set aside, plus keep track of any bonuses or rakeback that you've actually received between cashouts. It only takes a minute or so after each day or session to plug it in. I've also got a spot on the spreadsheet that tells me my bankroll requirements for each type of game.
As usual, Jennifear pwns. I second the motion for POTY.
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does the 200 multiplyer refer to average buy in or max buy in? when i was on my own i was using foxes protected BR and was playing MTTs with an avg buy in of about 200 with a roll of 25-50k depending on swongs? is that underrolled?
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Max buy-in. So to play the $200+15 MTTs you'd need a minimum of $43K in your roll if you are using a multiplier of 200.
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Man and I thought I was beginning to develop great bankroll management skills. This kinda expertise just mekes me look foolish, anyway great stuff jennifear and thanks!
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Jennifear,
So what if you are properly rolled based on your guidelines for STTs much higher than the stakes you currently play? I think I've been a bit of a bankroll nit but I've also been trying to build up somewhat of a volume before moving up in limits. I guess trying to prove to myself that I should move up. Are you suggesting that I just jump up to whatever stakes applicable based on your guidelines and run from there?
P.S. Thanks for this contribution, outstanding post.
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This is exactly where I am at Tito, and I'll try my best to tell you what Jen has told me. Ideally you should try to play games that are at least 75% of the max your BR will allow you to play, in that way you are close to maximizing your cashouts as well as your ability to increase your bankroll. This is of course assuming that you are beating the games you are currently playing. However, there is nothing wrong with playing at a lower level for the reasons you state, in fact I'm playing $10-11 SNGs but I've been rolled for $20s. Like you, I want to have some type of sample at my current level before I jump to another one. It helps to have a coach/friend that can objectively evaluate your play like I have with Jen. She's told me for some time that I'm ready for a "promotion", I just want the comfort of seeing success over a sample size before I do... its just the way I'm wired and it seems you are also. If you already have that validation, then play the games you are rolled for. The system Jen outlined here will ensure that you won't rip thru your bankroll if you happen to hit a rough patch at that next level. All you have to do is step back down in accordance to the BR guidelines and build again at the games you've already proven you can beat. I'm sure Jen will come on here and clean up anything I might have been missed or been unclear on, but I hope this'll help answer your question.
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If I didn't know Jen, I'd have my doubts whether she really exists or not, but I have talked to her enough to discard the idea of her been a bot.
She just seems too good to be truth.
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