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| Bankroll Requirements - WillisNYC Early on in my poker career I lost my initial bankroll by not realizing the proper bankroll requirements for playing limit poker. A normal string of losses at 5/10 limit poker quickly depleted my $3600 bankroll that I had built over the months preceding that one month run. I
started reading about bankroll requirements and started following the
advice I found on them fanatically. Conservatively would be the
way most people would term how I follow those bankroll requirements. Additionally,
this figure assumes that the professional NEVER takes any money out of
his bankroll which is unrealisitc. If you assume that
a professional will take out all earnings above 300 big bets every month
as profit....then every month he has a 3% chance of going broke and guess
what? Within a relatively short period of time, this player
absolutely will go broke! (Almost 1/2 of the time he
will be broke within 3 years in this example!) If you are
going to take a set amount of expense s every month, I recommend that
your initial roll be the amount determined below PLUS your monthly set
amount. Then, I also recommend that you leave any excess earnings
above your set expenses in the bankroll at least until you have 12 months
worth of expenses in your bankroll so that you can play very comfortably
with no or miniscule chance of going broke and so that you can move up
in level to make more money. After all aren't you reading
this because you want to do this for a living? I like the idea
of a job where I set my hours AND don't have to worry about going
broke if I am reasonably conservative. My conservative bankroll
requirements allow me to do that. A VERY good, expert no limit player that is earning 10bb/hr (big blinds in NL not big bets since there are none.) can expect swings easily in excess of 800 big blinds. I think in terms of max buy ins which is 100bb for most online NL games. For no limit I would recommend at least 20 buy ins if you are a conservative player making 8-10bb/hr. This means that $4000 would be a sufficient bankroll to ensure that an expert NL player that is making 8-10bb/hr will have less than a 3% chance of going broke. A typical loose aggressive player playing short handed
NL can expect much bigger swings and I can attest from personal experience
that daily swings
as high as $3000 are possible! (I was also five tabling, but
it gives you an idea why I recommend 20 buy ins.) I would recommend
$8000 for a typical LAG playing 1/2 NL that makes 8-10bb/hr playing 1/2
NL. Just as in limit, if you are making 1/2 as much in terms of
bb/hr playing NL, then you need to double your bankroll requirements. Of course if your results are half as good then you will need to double your bankroll size to 110 buy ins. The 50 buy ins that I have seen recommended for SNGs is a fairly reasonable number IF you are able to show at least an in the money (ITM) percentage of 40%. You have to achieve a 36.5% ITM if you have an average (2nd Place) finish expectation just to break even in order to cover the rake in a 10 man SNG. Less than that and I would suggest at least doubling your bankroll requirements or finding a different bankroll building game since you may not be a winning player unless you have a disproportionate number of first place finishes! A conservative approach to ensure a very low chance of going broke (3% or less) would suggest not moving up in SNG levels until achieving 100 buy ins at the level you moving to! Best of luck out there on the tables!
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