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Tournament Bankroll question..This is a discussion thread · 3 replies KKsuited I've got a couple bankroll questions. I'm looking for the next tournament to go to in the next 6 months and was wondering a few things. I went to the Orleans Open this past year and only played one of the bigger events. I didn't like the tourney structure, but that's another topic.1) What is a good multiple for Buy-ins vs. your bankroll? If you needsay 200 times the BB to play a cash game, what about tourneys. I have only about a $4,000 bankroll all from winnings that I'm willing to play with (I'm still in building mode although I make pretty good money at my job, but I'm not willing to take money out of my paycheck to play a big poker tournament). I hesitate to play $100 events on the internet. I like $20-$50. Am I a tightass or smart? 2) I'm thinking the next event I may go to is not until March 2005 atthe WPT event in Reno. They seem to have some smaller events I would be willing to play. Does that sound more like my kind of tournament? I don't want to play in events that give you T1000 and 15 min levels. Does anyone have experience with this event? Thanks for any help. * Posted via RGP ACCESS at http://www.liveactionpoker.com 50% NETeller Bonus w/ 20% Reload Bonuses at http://www.liveactionpoker.net
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Jon Eaton: 1. There's never anything wrong at all with being conscientious aboutyour bankroll. First off, most suggest 300 times the big bet for limit games, and most say 25 times the buy-in for no-limit/pot-limit games as well as tournaments. For me, I am playing 10-20, but I have enough for 20-40. Don't feel rushed to start spending more or playing higher. 10-20 is easy as hell, I have no reason to move up yet. If you don't feel comfortable spending more than that, then don't! I spent $200 two times now on tournaments and the nervous "wow I just spent $200" is gone.2. Most major tournaments, even smaller events, have good blindstructures. A non-WPT event in Tunica I played in started you with over 50 times the big blind and 40 minute levels. It was a little tight on cash, but plenty of time to work on it. The only time you'll find these 15 minute levels is generally in the crapshoot weekly events most places hold. Jon
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John Forsberg: [nq:1]1. There's never anything wrong at all with being conscientious about your bankroll. First off, most suggest 300 times the big bet for limit games, and most say 25 times the buy-in for no-limit/pot-limit games as well as tournaments.[/nq]Those aren't good estimates (for instance Prock or someone suggested 1000BB as a minimum for a professional) at all, they are just pretty bad rules of thumb. Do a search for Tom Weidmans recent posts, in one of them he links to a very nice post about bankroll requirements and calculations.
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CEO, PantherPoker.com: To be quite honest, if your planning on JUST playing tournaments, then all you would really need is the bankroll to support the cost of entries (don't forget rebuys, or add-ons, etc) that you plan to enter.Get the schedule of the event you plan on going to, plan out the events you want to participate, and there you have it. Your bankroll needed. Always include some money for some satellites though, as 1. it's a great way to actually help pay for your entry fees instead of reaching into your pocket and 2. if you do lose the satellites, your still ready and prepared to pay for the events you want in to. This is what I do, as I am almost strictly tournament player, rarely stepping to the tables (well, unless it's like $2/$4 and shots are being served...he he he) I take the money I am planning on paying in tournament fees, that I already know I want to enter. So trying to figure out an equation to how much you should have compared to the cost of entry fees doesn't seem feasible to me. And I would also advise against playing in tournaments where the fee is higher then your normal play, at least until you do get used to it. Like the previous poster stated, once you do enter the $100 events a few times, you will become comfortable with it. I actually bought into my first $530 tournament this weekend, and that WAS a weird feeling, but I know that next time, it won't be. (Plus I won 1/2 the cost in a satellite) Good Luck! Tanya Peck CEO, PantherPoker.com [nq:2]1. There's never anything wrong at all with being conscientious ... 25 times the buy-in for no-limit/pot-limit games aswell as tournaments.[/nq] [nq:1]Those aren't good estimates (for instance Prock or someone suggested 1000BB as a minimum for a professional) at all, they ... Tom Weidmans recent posts, in one of them he links to a very nice post about bankroll requirements and calculations.[/nq] Posted using RecPoker.com - http://www.recpoker.com
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