Live No Limit Bankroll (For full-timers)

GEOFFREY · #1 03-30-2006, 12:33 AM

is 25 buy ins enough for live 5/10NL playing full time...

just wondering if anyone out there has live only professional experience

I've never been much of an online player and would rather play live

any thoughts?

Solami17 · #2 03-30-2006, 12:49 AM

2 things:

If youre not much of an online player, dont play poker for a living.

Also, do you plan on multi-tabling and/or shorthanded or fullring?

Banks2334 · #3 03-30-2006, 01:25 AM

Solami,
WTF? He talking about live not online. You seriously think you can't make a living live?

GEOFFREY · #4 03-30-2006, 01:28 AM

[ QUOTE ]
2 things:

If youre not much of an online player, dont play poker for a living.

Also, do you plan on multi-tabling and/or shorthanded or fullring?

[/ QUOTE ]

did my post not make sense

5/10NL live is definitely beatable for a minimum of 2K/week

that said, I'm trying to figure out if 25 buy ins is enough or if I need more

(living expenses for 6 months are taken care of)

LionelHutz00 · #5 03-30-2006, 02:44 AM

[ QUOTE ]

Also, do you plan on multi-tabling and/or shorthanded or fullring?

[/ QUOTE ]

He'll be multi-tabling live, Fillmaff style.

NicGreek · #6 03-30-2006, 09:15 AM

I think 30 buy ins should minimize your risk of ruin to a minimum. Thats from what i have heard and read from other sources.

Peace

pzhon · #7 03-30-2006, 12:45 PM

No fixed number of buy-ins is going to be appropriate for all games and situations.

When games are very deep, you need fewer buy-ins (but may need more blinds). If your edge is smaller, you need a larger bankroll. If you are able to move down to a smaller game if you hit a bad streak, you can safely use a smaller bankroll.

For a wide variety of gambling situations, the bankroll you need is c*(SD^2)/WR, where SD is your standard deviation, WR is your win rate, and c is a number depending on your risk tolerance and ability/willingness to move down. Most people are happy with a value of c between 2 and 4.

For example, an online NL player with a win rate of 20 big blinds/100 and SD of 100 big blinds/100 and c=3 should have a bankroll of at least 1500 big blinds, usually 15 full buy-ins.

If you are playing to pay the rent, you may prefer a slightly higher value of c, but a better adjustment is to decrease your win rate by what is needed to pay your living expenses.