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This posting is about gambling and bankroll requirements to look out for.
Please share your thoughts at the end and leave a comment.
That the player is winning “decently” is not the only
information needed.
What people consider a decent win rate varies from game
to game, and person to person. Winning 6 big blinds/100 hands is decent in a
tough online HSNL game. Winning 30 big blinds/100 hands is decent in a soft
online micro-states game. The difference changes the bankroll requirements by a
factor of 5.
Multi-tabling does not intrinsically change the bankroll
requirements. However, those who play 10 or more tables usually accept much
lower win rates as “decent” than those who play 1-4 tables at the same level.
The standard deviation varies tremendously from player to player and game to
game. Some full ring players have a SD/100 of 60 big blinds or less. Some
shorthanded players have a SD/100 of 160 big blinds or more. (See the stats
threads in the strategy forums.) This difference means a factor of 7 difference
in bankroll requirements for the same win rate.
Bankrolls also mean different
things to different people. If you can move down to a profitable game with lower
stakes, and are willing to do that when you hit a downswing, then you can be
safer with less. See the question by Gonso that I answered for an example where
moving down can make someone as safe as though his bankroll were multiplied by
5.5. Of course, for some people (particularly those playing for low stakes),
busting out is a temporary inconvenience instead of a disaster, which means that
they can be far more aggressive.
These are why 20 buy-ins can range from
overly conservative to dangerously unsafe, even for “decent winners.” Offering 20
buy-ins as advice to everyone is like saying it is 4:00 whenever anyone asks for
the time.
Thanks to http://www.blackjake.net
http://www.casinoebooks.com> i am a
player that love the game and help gamblers.
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1:01 pm on September 16th, 2008 1
I would suggest to anyone who is just starting out in the poker world, try playing with play money first and when you are a winning player at that level, get one of those free poker bankrolls you can find everywhere on the net. get yourself a little one to start with, save the big ones for when you got the skillz
aaaight
6:42 pm on June 25th, 2008 2
definitely the real thing hi everyone! Yeah! Totally!!