Joined: Aug '09
Age: 52 (M)
The online poker boom has been changing the face of poker. Young players from all over the world are entering the scene and working their way through the limits, some at an amazing rate.
The fact that you can play poker 24 hours a day online has made it possible to make as much progress in 2-3 years as a player would have made in half a lifetime just one generation ago. It is also creating new demands on players themselves. To be successful you have to be more than just a good poker player, you also have to be your own coach and financial manager.
Poker isn't just a game; it's serious business. You don't just throw your money into the pot and see what happens. Betting on a hand is like investing in stock, you weigh the risks and when you see a good opportunity to make a profit, you invest. Your bankroll is your capital - without it you have nothing to invest. Managing it effectively is crucial to your long-term success.
The size of your bankroll tells you which limits you can play to find the right balance between...
... winning as much as possible and increasing your bankroll. ... and limiting your losses, so as not to lose a significant portion of your bankroll in a single sitting. You want to win big and avoid heavy losses. The best way to do this is to follow the 25 buy-in rule.
The rules of bankroll management when following the BSS:
Always buy in with a full stack (100 Big Blinds). 100 BBs are therefore one buy-in.
You can move up a limit when you have at least 25 buy-ins at that limit in your bankroll. You must move down a limit when you have 25 buy-ins or less at that limit in your bankroll. You'll be the fish at the table if you start playing above your limit; the players in the higher limits are just waiting for players like you to sit down. You can't win in the long run without good bankroll management - no one can. Even the best players in the world go bankrupt when they lose discipline and play beyond their bankroll.
Start by playing the lower limits and gaining experience. Your bankroll will slowly grow and at some point you will be able to move up to the next level, and then to the next one, etc.
It's kind of like a video game. First you have to deal with the easy opponents, then the level boss, and at some point you reach the final boss. It would be boring to skip to the end. And even if you could go straight to the final boss, you would probably lose the fight; if you do somehow get lucky and win, the game is over and you've missed out on most of the action.
Joined: Apr '09
Age: 40 (M)
I would recommend a different limit for move ups and move downs. Move up with above 25 and move down just bellow 25 can make you swing a lot between limits, which can be a little frustrating. You can safely play a micro limit with 20BI, so I would recommend move down with only 20. If you don't feel comfortable about it then instead of a 25/20 rule, use a 30/25. Better than a swingy 25/25, go up with a margin to play that limit.
Many players recommend when you reach NL25, $25 buy in, you should loosen up a bit your margin. Some recommend to increase your move up margin by 5BIs for each limit you beat. The reason is to have time enough to adapt yourself to that level.
Joined: Apr '09
Age: 42 (M)
I started out with €20 (more or less $25) at bwin and i played at $0.01/$0.02 ring, they let me enter with 2€, but i had a big lack of poker knowledge, so i lost it quickly without understanding why do other players always had better hands than me in all situations. Then i started reading some things on the net and that was when i realized the importance of the amount of money/stack we enter at a ring table. Its always discussable: loose agressive players can prefer to enter with less buy-ins to a table then the recommended 100. Its a matter of strategy.
Joined: May '09
Age: 35 (M)
I think it is always correct to enter with maximum allowed whether it is cashgame or rebuy tournaments.
I really can't see the advantage of of enter with only 10 if you can enter with 20. Even an aggressive player would want to enter with maximum.
A: He would want a huge stack when he suck somebody down do to his aggressive image. B: In order to be aggressive it is better to have a large stack behind you - otherwise the opponent won't fear you enough.
Joined: Mar '08
Age: 47 (M)
yep my first foray into online poker was through freeroll cauz i didnt have a credit card t that stage.the thing is you only hear about the people who make it,not the people who lose everything they own on the turn of a card.families get destroyed becauz of gambling.so play it smart and you will be ok.bankroll management very important.