Friday, February 16, 2007

Bankroll Management

For the mission, bankroll management is playing a primary role in achieving my goal.
I have divided the 20k mission into ten levels. Each level represents a blind structure on the cash tables. First and foremost i am playing using the 10% rule. Never at any one time will i risk more than 10% of my bankroll. With that in mind there is a minimum balance i must have in my account to play any level. Typically i will play two tables at a time and usually buy in for about 100 big blinds.

So with 200 big blinds in play i need that to represent less than 10% of my bankroll. To play any level i will need more than 2000 big blinds, or 20 buy ins minimum.

I will be playing the levels according to the table below. The levels are as follows:
Level
Blinds
Minimum Bankroll
1
$0.01/$0.02
$50
2
$0.02/$0.05
$100
3
$0.05/$0.10
$200
4
$0.10/$0.25
$500
5
$0.25/$0.50
$1,000
6
$0.50/$1.00
$2,000
7
$1/$2
$4,000
8
$2/$4
$8,000
9
$3/$6
$12,000
10
$5/$10
$20,000

The chart above covers playing 2 cash tables at a time with the minimum bankroll. If i want to play 4 tables at a time i have to drop a level.
eg. if bankroll = $500, i can play 2x $25 buyins @ $0.10/$0.25 or 4x $10 buyins @ $0.05/$0.10

If i manage to level up every 5 weeks the mission will be complete by the end of the year. That could be a bit over ambitious but we'll see how it goes.

Current Balance: $99.09

6 comments:

shubhangi said...

Thanks for this very informative post.


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