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Splitting & allocating bankroll for different formats / buy-ins

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Splitting & allocating bankroll for different formats / buy-ins - Sun Oct 02, 2011, 10:52 AM
(#1)
EdinFreeMan's Avatar
Since: Feb 2010
Posts: 4,540
I thought it might be a good idea to notionally split my bankroll for October. I left exactly $100 in my PS account and have allocated 4 blocks of $25.00 for different formats/buy-ins as follows.

$25.00 for 50 x $0.50 sitngo buy ins
$25.00 for 100 x $0.25 sitngo buy ins
$25.00 for $0.01/$0.02 NLHE full ring cash tables, $5 max so 5 buy ins at max or 1,250 Big Blinds
$25.00 for a mix of other games, lower or higher buy in sitngos, MTTs, satellites etc, anything from $0.10 to $3.50 buy ins depending how the run goes.

I will try to track each tranche of my bankroll during October and see how I do. And no cheating by adding in any cash I make from FPP entry tourneys, freerolls, League prizes or other promotions (if any). If I bust any of the 4 individual $25 bankrolls I have to stop playing that stream of games.

I have started badly by buying in for 3 x $2.20 Sunday Storm satellites = $6.60 of that last sundry $25 bankroll without success. $2.20 is rather high for bankroll management if I am allocating that specific $25 as a seperate bankroll, and now I am down to $18.40 I should definitely consider dropping to a lower buy in. I need to have a search for some different tourneys.

Will post occassional results here and/or in my blog.

Good luck all

Ed from Edinburgh - EdinFreeMan
 
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Sun Oct 02, 2011, 12:48 PM
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roomik17's Avatar
Since: Aug 2010
Posts: 4,556
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Good luck Edin!!
 
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Sun Oct 02, 2011, 02:41 PM
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Cairn Destop's Avatar
Since: Jun 2010
Posts: 1,477
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Quote:
Originally Posted by EdinFreeMan View Post
I thought it might be a good idea to notionally split my bankroll for October. I left exactly $100 in my PS account and have allocated 4 blocks of $25.00 for different formats/buy-ins


That was my system when Americans could play. I maintained a "fund accounting" system. The money earned via the freerolls, league, and FPP play should be placed into an "unallocated fund" for distribution where needed next month. It added another level of discipline in my bankroll management.

As to the high loss in the fourth fund, I wouldn't be concerned. You specified this portion of your account was for higher fee games, (insert higher risk), so you should have higher losses. Of course, should you make ITM, you'll have a windfall too. Just break this fund into four parts so you can spread these higher risk games over the entire month.
 
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Sun Oct 02, 2011, 02:45 PM
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hemetdennis's Avatar
Since: Oct 2010
Posts: 2,019
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YOU SHOULD JUST MAKE 4 ACCTS. THAT WOULD MAKE IT EASY TO TRACK


 
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Sun Oct 02, 2011, 03:47 PM
(#5)
EdinFreeMan's Avatar
Since: Feb 2010
Posts: 4,540
Thanks Roomik - good luck to you too.

**********************************

Cairn,

Thanks for confirming this can be a useful approach. I like your terminology of the 'unallocated fund'. I guess that was what I was planning to do without giving it a name, just collect the bits and pieces during this month to divi up to whatever challenges I want to set myself for next month. It might be a few cents or another $20/$50+ from PSO. It doesn't seem right to add that to a bankroll for, say, sitngo tourneys and then move up in stakes if I haven't proven I can be profitable at the current level my bankroll allows.

The 4th fund was not just for bigger buyins but for a whole range of stuff from $0.10 to $3.50 that I only play a few of each month. I still want to use proper bankroll management for that fund and I am not trying to illustrate how easy it is to bust if you don't, though it looks a bit that way at the moment. I shall do my utmost to get it back to even or into profit before I take on any more $2.00+ games. I suppose I could maybe take an average buy in approach, so now that I only have $18.40 I should play some really low buy ins to get my average buy in for this fund down to around the $0.50 mark and try to increase the fund again before I start to move it back up. This might take some discipline.

Cheers & gl

Ed from Edinburgh - EdinFreeMan
 

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