Bankroll Management Plan

[jay_shark]

Where do I begin ?

A few things you need to do :

1) What is your risk tolerance ?

2) What is your estimated win rate? It's better to err on the conservative side than to over estimate your win rate .

3)What is your standard deviation for the games you play in . Your s.d should be less in full rings and should gradually increase with fewer players .

B= -s.d^2/(2*winrate)*lnr

r is your risk tolerance
s.d = standard deviation
winrate may be expressed as BB/100 hands and to be consistent , your s.d should be expressed the same way .

As an example , if you play NL100 , then your win rate may be 7bb/100 and your s.d may be 80bb/100 .

If you're content with a 1% risk of going broke , then you need a bankroll of :

B= 2105 bb's or $2105 .

If you're playing in the 0.25/0.5 game , you may need only half of that or $1052 .