Friday, August 6, 2010

Bankroll Management Stratagy

Day 9 Aug 6
Back on the winning side of things today with more winnings playing $1-$2 Pot Limit Omaha.
I also played in a 6 handed holdem sit n go and with a $16 buy in and finished in 1st.
I ended the day with up $325 for a account balance of $960 so including withdrawal made I am up to $2440.
Instead of discussing my table play today, I am going to talk about my bankroll management strategy that I am going to be sticking to going forward.  I may tighten up the rules as my bankroll goes but for now this is it.
First of all any withdrawals made if not deposited into a poker account at another site will not be included in my bankroll balance as the money taken out is money I do not wish to put back in so as of now they are based on $960.
For ring games I am going to bring a maximum of 10% of my bankroll to any table and will leave the table if at any point my table stack represents 25% of my bankroll.  For the most part I will probably stick with bring $75 to a table at a time like I have been doing, but my bring the whole 10% when sitting at a fixed limit table.
For tournament I will follow the following guidelines.
2-10 players  max 7.5%
11-49 players max 5%
50-100 players max 4%
100-300 players max 3%
300+ players max 2%

You can play good poker and fail to cash in several tournaments in a row, especially the bigger ones.  Overspending my bankroll on tournament buyins has been one of my biggest mistakes in the past.
I would win $1000 and then I would enter a couple $200 buy in tournaments and watch my bankroll drop a large amount very quickly.  Then after watching my bankroll drop I would try to get it back up quickly playing stacks higher then I should have been.

No comments:

Post a Comment