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09-17-2005, 02:49 PM
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River Rat
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Join Date: Jun 2005
Posts: 352
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The real deal with BR's...I don't get it?
Going on the assumption you need 300x the BB (or Big Bets in a limit game) to ensure you never go broke, for example in a 5/10 game that means having a $3k BR for EACH game. So if you multi table you should have $6k for 2 tables and so fourth? Anyhow by having such a large BR for the game are you really thinking someday (assuming your a good player) that you will lose almost your whole BR due to variance before winning it back? To me your BR is to cover "your" variance and not play with scared money, if that bothers you. If the variance is going to sink you that much into your BR someday, then you have problems. How can anyone, if this is suppose to happen, make any money playing poker? When playing 2/4 to 5/10 my $1000 whimpy BR never went below $400, and I had 4 of these BR's at 4 sites. So what is the deal with the huge BR everyone thinks you have to have or else?
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09-17-2005, 03:00 PM
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change my title babo
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Join Date: May 2004
Posts: 6,758
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Why would you need $6k for 2 tables? Playing multiple tables decreases variance..
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“There's no sense in being precise when you don't even know what you're talking about.” - John von Neumann
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09-17-2005, 03:09 PM
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Poker Hustler
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Join Date: Jun 2005
Posts: 1,195
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I agree with bonch...somebody with more knowledge correct me, but you don't need xBB per table, you jst need it over all. I 2-3 table with a little over 200BB...going to work my way up to 4 tables as soon as I got back to working nights (next week).
I thought the reason for the BR (as suggested) was as more a comfort level to keep you from playing scared...IE: tightening up too much. The bigger your gamble, the lower your BR can be. If you're like me, my BR is all my poker money. If I lose it, I'm done till I can find away to replace it. I play within the recommendations of people I respect to protect myself from those variences that can happen.
That being said, I look forward to moving up and increasing my skill so I'll move up a little before 300bb (in the new limit). A good example, I moved up to my current level when I was only 180BB at the new level. I also know that I have the displine to drop back down if my BR drops below 150BB at current level.
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Originally Posted by Jason75
I like trons' advice.
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Trons
JstTrons
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09-17-2005, 03:09 PM
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River Rat
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Join Date: Jun 2005
Posts: 352
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I figured it was the same as two different people playing the same stakes. True, running in parrallel should reduce variance. OK, so if I'm going to play 2 tables at once then I only need half the so called required BR instead? Not sure that makes sense. Anyhow it would be nice to get the dirt on my question.
Thanks
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09-17-2005, 03:14 PM
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change my title babo
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Join Date: May 2004
Posts: 6,758
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No. You need 300bb either way.
__________________
“There's no sense in being precise when you don't even know what you're talking about.” - John von Neumann
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09-17-2005, 03:40 PM
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PokerForums God
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Join Date: Oct 2004
Location: Cleveland
Posts: 9,296
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Do a search on Bankroll. I just recently made a post on amounts required for moving up and down, Steve (back in january) had a couple good posts on bankroll requirements, and we've had a couple other good discussions on this. You will probably find your answers there. Post the links if you have any questions..
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09-17-2005, 03:48 PM
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PokerForums God
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Join Date: Oct 2004
Location: Cleveland
Posts: 9,296
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Also, if you can get your hands on them, read "Gmabling Theory and other topics" and "Poker Essays" by Mason Malmuth. He delves a lot into this topic, some interesting stuff there.
Couople sorta related links:
bad streaks and profiatble tables
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09-17-2005, 03:53 PM
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Poker Hustler
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Join Date: Jun 2005
Posts: 1,195
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Quote:
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Originally Posted by LearnPoker
OK, so if I'm going to play 2 tables at once then I only need half the so called required BR instead? Not sure that makes sense. Anyhow it would be nice to get the dirt on my question.
Thanks
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The way I understand it, a 300BB BR will cover a down swing due to varience over X hands...regardless of whether those hands are played on 1 table or 5 tables.
Obviously, you need enough of a BR to cover the buy-in for X tables, and if you're not familiar the limit, you may want to stick to one table to give yourself time to adjust to the new level. You also need to be aware of your attention span when multi-tabling.
Right now I can only handle up to 3 tables at a time and still feel like I'm playing a good game on each table. Part of that has to do with the fact that I have distractions at home.
When I move up, I always single table till I've had a few winning sessions to make sure I'm up to speed on the new level.
__________________
Quote:
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Originally Posted by Jason75
I like trons' advice.
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Trons
JstTrons
Toyotatruck
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09-17-2005, 04:20 PM
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River Rat
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Join Date: Jun 2005
Posts: 352
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I enjoy the math of poker but if you lose more than 100BB at the level your playing then you have a problem. For example; if you play poker 5 days a week full time and can win $200 a day playing (2) 5/10 tables of limit but you go on a losing streak and lose even 100BB that is a week down the toilet. WTF? Is that really going to happen not to mention almost 300BB??? Something isn't right.
Steve-O,
You have played enough to what is going to happen in the long haul. Tell us how many times you have ever needed a 300BB BR?
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09-17-2005, 05:15 PM
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PokerForums God
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Join Date: Oct 2004
Location: Cleveland
Posts: 9,296
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I've lost 100bb every session the last 3 weeks. Thats not a problem (well it is, but not in the way your saying), its just a bad run of cards.
And I'm pretty sure Steve plays with around a 1,000 bb BR, since he lives off his winnings, a bad week that decimates his BR means he cant eat, so he has enough that if he loses his shirt, he still has enough to go buy a new one, without dropping down in limits.
300 bb's is a MINIMUM so that you should never go broke.....
Only winning $200/day playing 5/10 fulltime is a problem.
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