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  15-Oct-18, 21:54   #1
How do you manage your bankroll? 0 
mahdrof 

Joined: Nov '09
Location: Canada
Age: 49 (M)
Posts: 2386
How do you manage your bankroll? I play a lot of Omaha which can be pretty swingy, plus I have a long history of tilting, so I like to play with 100 BI. Recently I started playing again for the first time in three years, and after depositing to cover 40 BI I have been on a vicious heater and passed 100 BI a few days ago. My aim is to move up to the next level when I have 75 BI of that level, and move back down if I go back to 100 BI of the previous level. For example, playing PLO 5 I would want to have a $500 bankroll, and move up to PLO 10 when I have a $750 bankroll. If my roll then goes back down to $500, then I would go back to PLO 5. I know that this amount of BI is more then most, but I find when I have a bad session and it only represents a tiny fraction of my roll, I am less apt to tilt and more likely to come back with a winning session next time. How do you mobsters try to manage your bankroll?

     
  15-Oct-18, 22:51   #2
  0 
BeMyATMplz 
Joined: Feb '11
Location: Germany
Age: 25 (M)
Posts: 1859
Definitely depends on the games one plays. And besides, nowdays swings are higher because winrates got lower (average recreational player got far better).
How one manages their bankroll should also depend on their winrate, of course. A Crusher will have far lower swings than someone barely winning.
I always went with a conservative approach. For MTTs and MTSNGs I think 150BIs is the bare minimum one should have. The more, the better obv.. For STTs I'd go with 100BIs. I play Double or Nothing SNGs on Winamax and use like 100BIs or more, however, with the promotions I get a pretty good rakeback (like 30-40% overall, depends on the Leaderboards). That definitely adds up and reduces swings drastically.
One could easily choose to have less buy ins for any variant too, however, that then requires they have to move down once their bankroll drops. All games I play right now I have a high enough samplesize to know I have a very good ROI in them, so I want to keep playing as high as possible even during a downswing -> I rather have enough BIs available to be able to keep playing even if I lose 50BIs (can easily happen even in DoNs).
I think your conservative approach is the right way to go. Overall it's always better to have a too tight BRM instead of a too loose one. Better to grow slow and steady rather than blow quick during a bad streak Smile

     
  16-Oct-18, 15:57   #3
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 13078
I used to play lots of omaha games also, but mostly hi/lo. I dont have the time any more
to grind the game, plus not many sites up that i like.
I used to play only 0.01/0.02 with a bankroll up to 50 USD, Then 0.05/0.10 from 50 to 100.
After that a few sessions up to 0.20 and then a cash out starting over, from low.
I learned that lesson when i got tiilted in my beginning burning about 250 USD, by keep
doubling limits, hoping to get lucky and catch up.
It didnt work Smile

     
  16-Oct-18, 18:39   #4
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 34 (M)
Posts: 6034
Posted by mahdrof:
How do you manage your bankroll? I play a lot of Omaha which can be pretty swingy, plus I have a long history of tilting, so I like to play with 100 BI.

Most of the time very badly. I know the fundamentals and all that but life's too short to be too careful with it. I am that kinda guy.

     
  16-Oct-18, 20:42   #5
  0 
maragatero 
Joined: Oct '16
Location: Argentina
Age: 64 (M)
Posts: 1302
As you know, I´m learning to play and I´m playing like a recreational player: few tables, micro BI and low bankroll. I like tournaments, so I play S&G, MTT and a lot of freerolls (someone big, like the recent God of Arena). I used to have 50 BI for each level of S&G (down with 30 BI), and 80/100 BI of MTTs. But I´m extremely conservative and if I have a downswing I simply don´t play Smile

     
  16-Oct-18, 21:09   #6
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 60 (M)
Posts: 1547
What is bankroll, this number where i see 0 all times Big Smile of course nit so but i not good to play poker so most times when i make deposit i lose this money in short time, when i have good luck and have bigger bankroll i try to play bigger biyin and if kuck is not giod again i have no bankroll

     
  17-Oct-18, 09:25   #7
  0 
hulkborges 

Joined: Mar '11
Location: Brazil
Age: 35 (M)
Posts: 113
I personally find the best way to manage the bankroll in an excel spreadsheet.
so I can launch all the necessary formulas to control inscriptions, itm, defeats, cash games and etc.
so everything is easier to be controlled day after day
I advise you to take a look at this option Cool

     
  20-Oct-18, 00:40   #8
  0 
maragatero 
Joined: Oct '16
Location: Argentina
Age: 64 (M)
Posts: 1302
I understand you hulkborges, but I think that you are telling about register not to control the bankroll. For that work is good (and not too expensive) to buy a tracker program (Poker Tracker 4 have a cost of $60), and with it you can have all the stats that you want. But a bankroll manage is when you put some limits and strategy to reduce your lost and/or try to probe some lucky shot without risking all your money Smile

     
  21-Oct-18, 09:35   #9
  0 
3pokeronly 

Joined: Jul '12
Location: New Zealand
Age: 53 (M)
Posts: 260
There is a great in-depth article by Jonathan Little, I am not supposed to put the url here but should be easy to find.

I think you have the right idea and if you can avoid the tilt factor ride the variance and downswings as proposed you should be able to play for the rest of your life, just also you need to take a shot every now and again.

Gl all mobers
3P out

     
  21-Oct-18, 18:18   #10
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 44 (M)
Posts: 8539
I have misspent my hard-earned money (absolutely not a life-changing amount of money) countless times in my life, lol.


“Life is too short to be scared and not take risks. I'd rather be the person that's like, 'I messed up,' than, 'I wish I did that.'”
— Justine Skye

“Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.”
— Erich Fromm

“There is a sufficiency in the world for man's need but not for man's greed.”
— Mahatma Gandhi

“Greed is not a financial issue. It's a heart issue.”
— Andy Stanley


Edited by Tony_MON7ANA (Sunday, October 21, 2018 @ 18:38 GMT)


     
  21-Oct-18, 23:23   #11
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 34 (M)
Posts: 6034
Posted by Tony_MON7ANA:
I have misspent my hard-earned money (absolutely not a life-changing amount of money) countless times in my life, lol.

Welp, that's just a life of a gambler. Our life... Big Smile Blink Thumbs Up
By the way I am not greedy I am just reckless.

     
  22-Oct-18, 13:08   #12
  0 
maragatero 
Joined: Oct '16
Location: Argentina
Age: 64 (M)
Posts: 1302
Hey mahdrof, are you there? Which was your final decision? I think that you have to take one that has to be consistent with your playing mode. One short bankroll, like mine, is reasonable to play in recreational mode. And a big bankroll could be fine for try to make the path of a professional. You didn´t explain it...

     
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