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My journey from 2NL to 25NL and onwards?!
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/Apr/2012

The Basics #1 – Bankroll Management

By: Schnech @ 10:27 (EDT) / 1559 / Comment ( 0 )

I think many of you read about this topic more than enough. Good bankroll management does not make a losing player a winning one - this is for sure. But, it will help your game in a different way. It helped me a lot on my way up through the first limits.
 
This is my approach on bankroll management:
 
2NL: 80$ (actually anything from 40$ is ok, but if you think about a fresh start, 80$ is your best choice)
5NL Shot: 100$
5NL: 200$
10NL Shot: 240$
10NL: 400$
16NL Shot: 464$
16NL: 640$
 
As you can see, for each limit I use a minimal amount of 40 buy-ins. I take my shots with 4 stacks for this limit and keep at that way my entire grind. You can always use a more risky approach, but for me this standard way fits perfectly.
 
A quick word on taking shots: I usually play six tables at once – when I am not taking shots. It’s just my personal preference. If you don’t feel comfortable with that, just use your own preference. What I do when I take shots, I reduce my tables to four tables at once. First of all, in that way I get into table dynamics and bet sizing better and I also have more control over my bankroll for the shot. If I lose a stack at a table I’ll still continue playing four tables, but I won’t lose total control over my bankroll in that way.
 
It is crucial if a shot failed, just let it go and move down in limits again. As soon as I hit my 40 buy-in mark for my usual limit again, I will quit all tables and start grinding on my normal limit. I can not stretch that enough. Just move on and move down. I had to do that myself a lot. I grinded my way up with my 5NL shot to about 155$ once. Felt comfortable with my game and then variance and also bad play kicked in. I went down to 80$ again. First playing 2NL again felt weirdly slow, but it was good for me to play a lower limit again. Don’t ever get caught in thoughts like “Hey I can beat 5NL, I just feel it. 2NL is so slow”. Just let it go and try to grind your way up to your shot bankroll again. One day it will just work out and you can move up in limits without any big risk. Before I could play 5NL with a good bankroll, I took about 5 shots. It was hard enough, but the reward in the end is bigger than your own ego.

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