Last week in our series of tips for sit & gos — whether playing online poker or live — we discussed heads-up play. This week, we'll wrap up the SNG series with a look at bankroll management.
Dec 04, 2008 In this poker lesson professor Gripsed discusses how to build a bankroll the smart way and make sure you never go broke. Your bankroll is your life force in the game of poker, with the techniques. Home / Online Poker / Strategy / Money/Bankroll / Bankroll Management for SNG, MTT and DON. Bankroll Management for SNG. So this is what online poker bankroll management (BRM) means – a measure to keep the risk of going bunkrupt. Don’t risk too much money at one time by moving up too fast in levels. Let your poker bankroll dictate. Bankroll management for pro players. If you intend on taking poker up as your main source of income, the bankroll you would require will be substantially larger than 20. Online Poker » Poker Strategy » Bankroll » Bankroll Building Tips. Building a poker bankroll is likely to be one of the top goals on your list of things you'd like to achieve while playing poker.
Best Poker Bankroll Offers
We'll start by focusing on developing a plan for determining the bankroll size you need to play SNGs. What constitutes a smart bankroll for playing sit & gos? The answer to this question is a function of the amount of risk you are willing to accept.
Number of Buy-Ins
I would suggest a bankroll size of at least 100 buy-ins for conservative players who want to give themselves a very small risk of ruin. This includes professional poker players who cannot easily replace their bankrolls.
If instead, you are a serious recreational player who has a source of income that could be used to replenish your bankroll, then you don't need to be so conservative. In this case, that is, if you're on the less conservative side, you can get away with 50 buy-ins.
Meanwhile, if your goal is to just play a few SNGs for fun instead of strategically building a bigger bankroll, then you can play with as few buy-ins as you like. Just be careful not to play with money you cannot afford to lose.
Slight adjustments to these bankroll requirements can be made based on your return on investment (ROI). This is a measure of how profitable you expect to be in future tournaments based on how well you've done in the past.
If you determine that you have a much larger than average ROI, then you can expect to lose less often than most players. If this is the case, you will need fewer buy-ins than most players. The opposite is true as well — i.e., if you have a lower than average ROI, you'll want to have a bigger bankroll.
Feel free to make these adjustments to your bankroll management plan, but be careful not to take it too far and expose yourself to too much risk.
Moving Up or Down
Once you have decided on a bankroll management plan, your current bankroll will tell you at which level you can start. For example, if you have a $1,000 bankroll and want to take a conservative approach with the goal of being a professional player, then you should start at the level for which you have 100 buy-ins. In this case, that would be the $10 level.
If you go on a bad run, you'll need to drop down in stakes until you build your roll back up to around $1,000. For example, if you lose 50 buy-ins, then you will be left with $500. This is not enough to play $10 SNGs professionally. If this happens, you should drop down to play $5 SNGs since you now have 100 buy-ins for that level. If you recover the $500 you lost, then you can move back up.
On the other hand, if you beat the $10 games handedly, you may eventually double your bankroll to $2,000, or 200 buy-ins for the $10 level. It is completely fine if you want to be ultra-conservative and stay at that level despite the bigger bankroll. But if you feel you are ready, you can move up to the $20 SNGs since you now have enough for 100 buy-ins at that level.
That said, moving up when you have the buy-ins to do so is only half of the equation. Generally, the higher levels are tougher than the lower levels. You must also be sure that you have the proper skill set to compete. Do some self-assessment by taking occasional shots at the higher levels to see how they play and determine what new skills you need to acquire.
When deciding whether or not to move up or down, ROI once again becomes a factor. Most likely, your goal when you play poker online for real money is to make the most money you can per tournament. Sometimes, this can be better achieved at a lower level than a higher one even if you are properly rolled to move up.
For example, let's say you've determined that you have a 20 percent ROI at $10 SNGs. This means that you make $2 per game on average. If properly rolled, you can move up to the $20 SNGs, but you wouldn't want to do so unless you believe that you have at least a 10 percent ROI at that level.
If your ROI is lower than this, you actually make more money at the lower level. Even if it is exactly 10 percent, you'd want to consider staying at the lower level. Even though you make $2 per game at both levels, the one in which you have the higher ROI will result in lower variance. If you are going to move up and deal with bigger swings, you should make sure you are being paid a premium to do so.
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Conclusion
I hope this series on sit & go strategy has been helpful to you. SNG mastery is a great skill to have because it gives you experience that is transferable to other types of poker tournaments. SNGs always start at the final table, so you should feel somewhat at home if you later decide to play an multi-table tournament and make it to the end.
Also in this series..
Ready to start giving sit & gos a try? Put these tips into practice at PokerStars.
Finding a trustworthy room to play online poker can be a monumental burden. That's all the more true if you're just looking for a place to play poker for free. We've listed five of the best play-money poker sites to enjoy and help hone your skills.
| @PokerStars | In Team PokerStars Online
Unlike many other players who turn pro after a big tournament score, my poker career started with $10 on micro-stakes. It has been a long grind to where I am today, so I am very familiar with how poker players with modest bankrolls trying to move up stakes feel. Naturally when I decided to LiveStream, I thought that showing others how I did this would be the way to go. So I decided to walk this path once again.
Of course, I am not the player I was eight years ago, and it showed. Despite the games being a little tougher than they were in my early days, there is still a lot of people making a lot of big mistakes, and I breezed through the stakes to my $1,000 goal. I don't say this to brag but to demonstrate my initial objective: to show people that it isn't very difficult. I used a seven-buy-in bankroll management method (to move up or down). I didn't make any fancy plays (except for when I was trying to specifically teach a concept to the stream). I played a bit less than 10,000 hands of solid and basic poker, and that was all it took.
So, to anyone who is stuck in micro-stakes or simply wants to do this, I strongly recommend you watch all the 32 episodes in my YouTube channel. Watch one before your session for motivation or binge watch them, whatever your style is.
If you cant be bothered to watch hours of videos, then here is some pragmatic advice that I can give you after experiencing this grind again:
I completed this challenge this quickly because I know more poker than the opponents I faced. So your only goal is to learn more poker. It isn't growing your bankroll, moving up stakes, or anything else. It is simply to get better at this game.
Your bankroll is a tool to learn the game. Don't see it as money or goal or as any kind of metric. Lose any emotional attachment to it.
Despite what you read elsewhere do not use a conservative bankroll management (using 50 buy-in rule for micro-stakes is a huge mistake). The lower you play, the less you will learn. Moving up is essential for the learning process, but don't overdo it. If you lose your bankroll, you can't learn any more. So, I'd suggest something like 15 buy-ins to move up or down, and obey it religiously.
There isn't a big gap between skill level of stakes. Each stake higher is slightly more difficult than the previous one, don't be afraid, get frustrated, or be superstitious about a stake you have 'bounced' back from a few times.
When you are forced to move down in stakes don't feel bad about it. Again, your goal is to learn and only learn. It might help with these kind of distractions to use software to see the tables in big blinds and not money. That way, all the stakes will be the same.
I know, easier said than done.
So, get to work and see you at the tables!
Jorge 'Baalim' Limón is a member of Team PokerStars Pro Online
Twitch: http://www.twitch.tv/baalshin
Twitter: http://twitter.com/Baalshin Youtube: http://www.youtube.com/Baalshin Facebook: http://www.facebook.com/BaalimTeamOnlinePS
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