Bankroll management 101

Welcome to my article on bankroll management.

In my opinion, healthy bankroll management, or BRM, is the most important factor, if you want to become a solid, winning, successful poker player.

It doesn't matter what kind of poker you are playing, if it's tournaments, sit and gos, hold'em cash game, omaha cash game, whatever you are playing, no matter what stakes, it is very - VERY important to have solid bankroll management.

Now this might sound very, very dry and boring, but i'm not kidding, this is so vital.
Think of your next deposit, or your current bankroll, as an investment. Don't you want that investment to last as long as possible? Get the highest return? Make you the biggest profit possible?
I thought so, read on...

In the game of poker, there is a lot of variance, depending on what game you are playing, the variance is bigger than others, but more on that later.
This variance, means swings in your results. No one is winning everyday, some very successful poker players even have weeks, months, YEARS where they aren't winning, or not just winning as much as they should be.

For theese players not to go broke, they need to play at stakes where their roll has sufficient funds, that they can afford to play on that limit. Everyone has different opinions on how many buy-ins you should have for each level, but i have created a standard thumb-rule for you guys to use:

For no-limit hold'em cash games:

• For NL10 to NL50 i recommend having 30-40 buy ins for your level if you are playing on a less serious basis. If you are playing seriously, i recommend 50-80 buy ins.
• For NL100 to NL400 i recommend having 50 buy ins for your level if you are playing on a less serious basis. If you are playing seriously, or even pro, i recommend 80-100 buy ins. 
• For NL600 to NL2k i recommend having 100 buy ins, since this is the point where you can't NOT take poker seriously.
  
  For Omaha cash games, it is a very good idea to have a bigger bankroll, since the varians and swings in PLO is higher: 
• For PLO10 to PLO50 i recommend having 50-60 buy ins for your level if you are playing on a less serious basis. If you are playing seriously, i recommend 70-100 buy ins.
• For PLO100 to PLO400 i recommend having 70-80 buy ins for your level if you are playing on a less serious basis. If you are playing seriously, i recommend 100-120 buy ins.
• For PLO600 to PLO2k and above i recommend having atleast 200 buy ins.
  
  
  For multi table tournaments, i recommend having at least 100 buy ins for your level, if you are taking it seriously, but having more can never hurt, since there are some huge swings in MTTs.
  
  For sit'n'go tournaments:
• For full ring SNG's up to $33, i recommend having 40-50 buy ins. 70-80 for turbos. 
• For full ring SNG's up to $109, i recommend having 100-200 buy ins. 150-250 for turbos.
  
  I believe that the same BRM rules apply for 6 max, and HU SNG's, but take the SNG rules with a grain of salt, since i never have been a very serious SNG grinder. 

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I hope you found some usefull information in the article above, if you have any comments or changes for the article, please comment on this post.

I have not been playing any poker today at all. I just didn't feel like it, i think it had something to do with me playing a lot yester day.

I'll have a new blog ready tomorrow, see you guys there.
Remember to follow me on twitter, @365pokerblog

Thanks.
- Kristian