If you're 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 provide you with some valuable information about how to handle your bankroll and the ways to never go broke!
Importance Of A Bankroll:
Even if you're the very best poker player on earth, you'll want good bankroll management! Going bust isn't poker gods punishing you, its variance and variance is FACT. If you wish to start earning a decent amount playing poker, then follow the advice in this thread. This is the first task to transforming into a WSOP bracelet winner.
The Chris Ferguson Method:
I read a piece of writing a while back written by Chris about his transformation of $1 into $20,000. He used these strategy to be sure he could handle his variance swings. He played cash games generating certain that he always had 20 buyins. These were not full buyins these folks were half buyins. If you desired to play $0.01/$0.02 cash games, the max buyin is $2 and so you'd probably buyin for $1. This would mean that you would have to have $20 to be properly bankrolled for $0.01/$0.02. Likewise, if you have 100 then you definitely you might be bankrolled for $0.05/$0.10. If you ever go BELOW 20 buyins you will want to drop right down to a level where you happen to be properly bankrolled.
This method may be proven. It's a good method so long as you stick to it. You must be prepared to hit bad variance and move down a quantity or two if you need to. Discipline is KEY for this bankroll method.
Classic Tournament Bankroll Method:
To be bankrolled properly for tournaments you should will have at least 30 entry fees on the tournament you need to enter.
Things change slightly with rebuy tournaments. Because of the nature of rebuy tournaments you will be shoving or folding hands preflop through the rebuy period (please read my article on rebuy strategy). This means you need to have at the very least 6 x 30 buyins because obviously you will end up double rebuying and adding on! Remember if you fall five or ten you need to decrease the amount you spend on entry fees. Again, the words used so commonly in poker - Discipline is KEY.
Classic NL Cash Bankroll Method:
An alternative to the Chris Ferguson Method there is a Classic NL (no limit) Method. The basic concept of this technique is to keep a minimum of 2000 big blinds to the level you want to play. That's right! being properly rolled for $0.01/$0.02 you need a minimum of 40 dollars. If you're winning with the level you are playing at and also you obtain the players better to beat, then you can definitely drop your bankroll threshold to 1500-2000 big blinds. As you begin to progress up to $0.25/$0.50 and $0.50/$1.00 I would a lot recommend you stick to 2000 big blinds as variance has very damaging affect money wise. Please note that you'll need a lot more than 2000 big blinds for 6 max tables and manages.
Classic Limit Bankroll Method:
Limit poker is often a WHOLE different ball game. You can have as few as 400 big blinds in your account because you'll be risking less for each and every buy in along with the variance is smaller. In limit holdem it is usually impossible to get rid of your stack similarly from your cold deck, unlike NLHE.
NB. I do not play limit holdem and so I have zero experience with this bankroll. The general consensus with players I have spoken to is that this may be the right bankroll you need to here strive for.