Most of the information and advice you will hear or find about managing a bankroll is not always what you really NEED to hear to provide you with a concrete foundation for managing your bankroll.
In order to gain the best information about your bankroll you really need to offer up some key information to whom you are asking in order to provide a realized perception of your intentions with and for that bankroll.
...So, let's just start with the game itself...
What is poker to you? Is it just a game that you will play with neighborhood friends three to four times a year!?! Or is it an entertainment hobby, like bowling, that you will invest some money and time into each week that can be managed from the entertainment fund of the household inome each week/month!?! Or have you, over the years, allowed this hobby or your competitive nature to compel you to enter into a higher stakes more competitive game that requires you to have extra bullets if you want to remain competitive at the table without considering the restraints of the weekly/monthly income. If you are at this point, you are "obsessed" with the passion of the competitiveness of the game and you now need a "managable bankroll" to play with so you don't have to jeopardize your expected, necessary "liferoll". Or is poker something you are considering doing for a living as a profession!?!
If poker is just an entertainment outlet with friends and family, the neighborhood quarterly block meetings and you would and can just play for pennies or non-monetary plastic chips, it is obvious that you don't need a bankroll! But if you play a few times a month and up to one time a week you are going to need to establish the beginnings of a bankroll that may be large enough to help you through some of the bad nights and keep you from dipping into the allotted expense from the household income. I used bowling as an example earlier, but the only corillation was that it was a regularly scheduled event each week. Bowling has weekly dues that you expect to incur and are prepared to pay and is usually budgeted. With poker, if you want to compete you need to have an established fund that you can resort to that will not infringe upon that household income and create unexpected expenses! So you should save from your winnings to create a scenario that would allow you to buy-in to the game at least two to five times within any given session. That means, if your typical buy-in is $50, with $1/$2 blinds you should bring $100-$250 with you each time. But only bring what you are willing and comfortable losing! Just because you started with $100 six weeks ago and you now have twelve hundred dollars in your bankroll, don't bring it all with you. If you are fortunate to see a return on your investment early, you should bank that money for future sessions that are going to see you going home losing your initial and supplementary buy-ins for any given night. Then, even after a losing session you are still availaable to play the next week without going into the household income.
Now, if your are at the point where the weekly game with friends is alright, you continue to see a reasonable amount of a return on your investment and you now feel like you are ready to move up to a more competitive game keep in mind that the stakes are now higher, the buy-ins are now higher and your buy-ins available to play will also need to increase. At this point you will need to have at least eight to ten buy-ins if you want to go two deep in the buy-ins. That means if the average or minimal buy-in is now $100 you will now need a bankroll of $800-$1,000. BIG difference huh!?! Even if the you are still in a $1/$2 blind game? Yep! There is now more money on the table. The blinds are more likely to be raised more which creates a larger pre-flop investment that leads to a larger investment each round of betting to see the hand to the river. And, if you are now playing in a new game with unfamiliar players it is going to be more competitive and more expensive to get to a showdown. Yes, this also means that if you bring your winning ways to the new game your return on your investment will also go up. True, continue to play confidently but expect that when you do lose, you will lose more and at a more rapid rate to your stack and bankroll as well!
Just remember, the more aggressive you are, and the more aggressive the game and it's players are the larger the bankroll you will need! If you are willing to risk four buy-ins at a higher stake game you should be prepared to now invest $400 instead of $200. In any case, at this level for every buy-in your going to add per session your bankroll needs an additional five buy-ins added to it in order to maintain it. So, if you are willing to go four buy-ins deep, your bakroll should have at least twenty buy-ins now! Here is a better, visual perception at what you should be looking at in relation to your buy-ins and how deep your bankrool should be in relation to the value and number of buy-ins within a given session.
BIs | BIs in Dollars for a $200 Max Buy Game |
2 | $400................................BR=$2,000 |
5 | $1,000.............................BR=$5,000 |
8 | $1,600.............................BR=$8,000 |
10 | $2,000.............................BR=$10,000 |
15 | $3,000.............................BR=$15,000 |
20 | $4,000.............................BR=$20,000 |
25 | $5,000.............................BR=$25,000 |
50 | $10,000...........................BR=$50,000 |
Basically what it is telling you is: If you want to play in a $200 max buy-in game and you are willing to invest 2 buy-ins ($400.00) to maintain the integrity of your bankroll you need to have at least a $2,000 bankroll to insure that you can afford a losing session, or three, and get back in the game without having to extract from your liferoll the next time you get to play!
So take this for what it's worth. Keep in mind that if you want to keep your hobby or obsession out of the household income for expenses, aka liferoll, don't get yourself in an overwhelming position at the table during any given session. Consider the guidlines you must establish to properly manage your bankroll and allow yourself the understanding and acceptance that sometimes it's better to just walk away from a losing session in order to allow the integrity of your bankroll to be maintain and get you back in the game... the next time!............. stay tuned for more to come IF you think you are ready to make that next step, did I say step, I meant monumental triple jump!chapelout for now!... GetSome.GIVEBACK.GetHome.
some data source provided from pokerlistings.com