Bankroll and Moving up

[4_2_it]

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How do you suggest a winning limit player that is making the transition to nl approach choosing a level....

I am a winning 5/10 6 max player...1.8/100 for what its worth, but am moving to nl.

I have decided to take 3k and 4 table 100nl 6max to get my feet wet in NL. Does this level seem reasonable to start at?? I have been winning, but am still too fresh to establish a true win rate of course.

thanks

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A winning player should a have a 20 buy-in bankroll at a minimum (many have 30+). You will be fine at NL $100. If you hit a downswing of say 8-10 buy-ins just drop to NL $50 and work through your leaks.

[jjb108]

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--The mid and high guys will tell you that all SSNL is full of donks and fish and all levels are basically the same. Pffft. Don't kid yourself. Each level is more difficult than the one below. If you are beating NL50, NL100 will be more difficult. There's less fish and more skilled players as you move up. HOWEVER, the difference in play is not that great. If you are beating one level, you should be able to be a winning player at the next level. It just takes time to get acclimated.

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NH, AJ. Keep Hammerin 200NL.

[Scottery]

Nice tips, all helps if you want to learn good br management.

[Isura]

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But, I recently broke thru. Hey, why can't I make "real good" money, instead of just "good" money? No reason, I decided. So now I'm trying to get fatter and happier. But, I plan on enjoying the money I make along the way by taking some out. Some others here may be hindered by the low expectations game, content with the earn, and feeling undeserving of a greater earn. Don't fall for it. Break thru.


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I'm happy to hear this. Poker is so great right now, and it's possible to make a ridiculous amount playing this game. Get your hands in old man, so that in a couple years you can enjoy the viagra and warm weather in your retirement 'home'.

[ShakeZula06]

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Bankroll becomes a more serious consideration at higher limits. A 20 buy-in downswing at $1000NL starts to amount to serious cash for most people and can easily happen to a winning player.

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Isn't the point of a good bankroll to avoid that very feeling? I'm not sure what it's like to play at high stakes but...

Playing at 1-2c and $50-$100 NL should have the same "money value" if you're properly rolled for both, no?

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Here's the reasons I see for needing progressively more Buy ins the higher you go.

Your adequate BR size is decided on two factors, standard deviation (I believe is calculated based on your playing styles and the others at the table) and your WR.

With standard deviation your looking at how agressive and loose/tight the tables are. It is my understanding that loose=more variance, and agression=more variance. Currect me if I'm wrong it's very possible.

With regards to WR expectation- It makes sense that it's a more liekly that a player with 1 PTBB/100 hands will experiance more and longer downswings then one with 10 ptbb/100 hands right? This is of course assuming that SD is the same

When you move up levels your WR will be smaller (in terms of ptbbs) so you are more likely to hit a downswing. Also it seems that at the higher levels the losing players are much more likely to be lags the the typical lps we find in ssnl.

Both these things lead to needing a larger BR in terms of buy ins as you move up in limits. Of course as someone else has mentioned, more buy ins = less chance of tilt if you lose a few real quick.

[MyTurn2Raise]

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im a over bankrolled nit..

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i am too

[DJ Sensei]

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--Bankroll does often grow faster than skill level. Be aware of this. Be confident you are beating a level before moving up.

--There's at least two kinds of poker players that come to mind in this thread. The Ballers and The Grinders. I am a grinder. Dustbustr is a baller. He wants to go up the ladder and play as high as his skill level can handle. He keeps his $$$ in his bankroll so that he's rolled to move up. This is fine, and this is how he is wired, nothing wrong with it at all.

The grinder takes money out of his bankroll. I've withdrawn about 3 times a month from my roll for the last 18 months. I've recently moved to NL200.

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I've been both a baller and a grinder in my days (not that "my days" is really all that long or anything). Started playing NL ring seriously in maybe november or so, had a $1500 bankroll or thereabouts which I had built up from playing limit and donkaments, where I was a small to moderate winner at both. It didnt take long for me to realize that I was very well suited to NL ring, and was making large consistent profits. Now, back then, I was playing poker for fun/small side income, but really didn't cash much out, because I was at school and living cheaply.

So, from november until may, I was a "baller". Moved up quickly in stakes, and found that at each level I was much better than my opponents. As I wasn't cashing anything out, I was able to move up from NL50 to NL600 fast (I wasn't able to play more than maybe 10 hours a week during that time because of school).

Then I graduated, went pro, and started playing fulltime. Now, i'm a "grinder". While my bankroll has grown very quickly lately (more than enough to play 5/10 exclusively), I'm staying at 3/6 for a while for several reasons:
1) The money i'm making is substantially more than i've made before doing anything, so i'm still very excited by it.
2) As poker is my sole source of income now, variance is worse for me than it is for part-time players. I prefer a consistently solid return than big swings both ways.
3) I want to tune my game up and make sure that I'm really a baller before I get into the high-variance ultraaggressive 5/10 and 10/20 games, and I've never spent more than 20K hands at a particular level before because I won and moved up so fast. I'm going to spend at least 100K hands at 3/6 before I think about moving up.

So, my recommendation to SSNL players who play primarily for fun and a little money on the side is the same as dust's, move up as fast as you can while still winning and properly rolled, and it'll pay off much more in the long run. Be a baller until you have a good reason not to.

[Isura]

Good post DJ Sensei.

[mudbuddha]

please move up to NL200
u will double ur win rate they arent that mcuh better

[EMc]

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im a over bankrolled nit..

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i am too

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Ditto.