Poker bankroll management, building and strategy – online poker guide

How did Gus Hansen build his poker bankroll?

Sunday, February 14th, 2010 | Poker Articles, Poker Bankroll Building, Poker Pro | 2 Comments

Poker pro Gus Hansen

This article belongs to the Poker Pro series

Gustav Hansen, or Gus Hansen as he’s known on the World’s poker scene, belongs to the poker superstars along with names such as Phil Ivey, Doyle Brunson and Daniel Negreanu to name a few.

Gus Hansen aka “The great Dane” was born just outside Copenhagen on February 13th 1974. Since then he has undoubtedly become the most famous Danish poker player throughout the times.

In this article I will sum up how Gus Hansen built his poker bankroll,  which currently allows him to play in all the major live tournaments as well as the highest online games on Full Tilt poker.

Gus Hansen in his early gambling days

In the 1990s Gus Hansen traveled around with a group of guys from Denmark trying to build a bankroll and making a living playing backgammon. The group was known as “The Danish Backgammon Boys” and they were almost always stuck. Gus had the wildest swings of the lot, one week up a million and the next week down a million. Despite his bankroll swings, Gus always remained positive. As long as the games kept rolling he was convinced everything would work out. Many of you probably don’t know that Rasmus Nøhr, currently a well known Danish musician, was one of backgammon players in the group. Rasmus Nøhr quit the backgammon scene in the late 1990s in favor of pursuing a career as a chef. This was around the same time Gus Hansen moved to Las Vegas with a very small bankroll and a plan to increase it on the poker tables, which he believed to have a future. Rasmus Nøhr did not succeed as a chef and actually lived on the streets for some time until his music career took off. Gus Hansen was the first to invest in Rasmus Nøhr’s career by founding the recording company “Rec og Kort” and signing Rasmus as his first artist. Unfortunately the album “The happy pizza delivery guy” was never released and Gus Hansen shut down “Rec og Kort” to concentrate on his poker career in the states.

Gus Hansen’s achievements

Gus Hansen’s bankroll has increased significantly through his many cashes in major live tournaments. Since 2002 Gus Hansen has made in excess of a whopping 7500000$ in live tournament winnings. Pretty sweet bankroll boost if you ask me . Here’s a list of Gus Hansen’s biggest bankroll boosts:

• 2003 WPT L.A. Poker Classic, 1st prize 507190$
• 2003 WPT Five Diamond World Poker Classic, 1st prize 556480$
• 2004 WPT PokerStars Carribean Adventure, 1st prize 455780$
• 2007 Aussie Millions, 1st prize 1500000$
• 2008 WPT World Championship, 2nd prize 1714800$

Another great bankroll boost came when Gus Hansen sold his stake in the online poker room pokerchamps.com. The site and software was sold to Betfair for roughly 15 million $.

Finally, although it did not increase Gus Hansen’s bankroll, I’m sure his street credibility climbed when he was accepted into the Poker Walk of Fame together with the godfather of poker Doyle Brunson and legendary James Garner from one of the all time greatest poker movies “Maverick”. To this day no other poker player has been accepted into the Poker Walk of Fame.

Gus Hansen’s recent year

Gus Hansen’s bankroll took quite a beating in 2009 on the highest stake Full Tilt poker tables. According to highstakesdb.com, Gus Hansen lost almost 6 million $ online in 2009. And with no major live tournament wins under his belt either, 2009 was a terrible year for The Great Dane. In December 2009 Gus Hansen decided to take a break from online poker to study his game and it seemed like this has helped. So far in 2010 he has increased his bankroll with more than 2 million $.

Gus Hansen’s weaknesses

Gus Hansen is a gambler at heart and as a result his bankroll takes some wild swings from time to time. He likes to bet on almost everything and has lost a lot of money on large sports bets and in the high stakes live cash games in “Bobby’s Room”, the high stakes venue at the Bellagio Casino in Las Vegas.

Some of the more humorous bets Gus has made include:

• A 200000$ tennis game vs. fellow poker pro Patrick Antonius. I don’t actually know if the game was ever played. Rumors have it that Patrick Antonius backed out of the bet due to an injury.
• A 35000$ boxing match against his good friend Theo Jørgensen. Gus Hansen lost this match. You can easily find it on Youtube along with this gem where Gus Hansen and Mike Matusow bet on a game of tennis.
• When playing high stakes poker in late 2009 against Daniel Negreanu, Phil Ivey, Phil Hellmuth, Antonio Esfandiari, Tom ‘durrrr’ Dwan and  Eli Elazra, Gus Hansen was offered 2 million $ bet if he could stay away from sex in one full year. The guys could not agree on the terms of the bet, so Gus Hansen ended up declining it.

Despite Gus Hansen’s large bankroll swings, I’m pretty sure he has a good amount of cash set aside for his retirement if he goes broke again. I wish him the best of luck in 2010.

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Tags: Poker Articles, Poker Bankroll Building, Poker Pro

Building a poker bankroll-top 10 not to do

Friday, January 29th, 2010 | Poker Articles, Poker Bankroll Building, Poker Top 10 Lists | 2 Comments

This article belongs to the Poker Bankroll Building series.

I’ve tried to put together a list of my top 10 “not to do” when it comes to poker bankroll building. If you disagree or have anything to add (perhaps you have your own recipe for building a poker bankroll) please feel free to add a comment.

Do not start your poker bankroll building project without a plan

Planning is crucial in order for any project to become a success (I should know since I work as a project manager for a living). When it comes to poker bankroll building you need to lay out the foundation before you start. Are you aiming to copy Chris Ferguson, starting with 0$ and grinding it out in freerolls and micro limit SNGs or No limit Hold’em? Chris Ferguson succeeded in building a 10000$ bankroll this way. Are you going to build your bankroll through cash games, MTT tournaments or SNGs? What is your plan? You need to have this sorted out before you start.

Do not play out of your profit zone

Your profit zone is the limit where you can comfortably grind it out and make a regular profit (e.g. 5$ 10 max SNGs, 0,25$/0,50$ 6 max NL Hold’em etc…). If you’ve never played poker before you don’t know yet what your profit zone is and hopefully it will move up in limits as you get better. If you’ve played poker before you probably have a pretty good idea what your profit zone is. Here’s my point when it comes to poker bankroll building projects. If possible start up your poker bankroll building project in your profit zone as this will give you the best start. If you start out below your profit zone you run the risk of getting bored and if you start out above your profit zone you run a serious risk of loosing your bankroll.

Keep in mind that people play in games beyond their skill level, buy-in level and outside their profit zone because:

• They are attracted to the potential of the one big pay off
• They think they’re a better poker player than they really are
• They think anyone can get lucky once
• They figure the fastest way to re coop money lost at the lower levels is to win one big game
• They think poker is a game of pure chance
• They think they play better when up against better opponents (i.e. fewer donkeys)
• They have more money than brains

Don’t be one of these people!

Do not start your poker bankroll building project without (realistic, but at the same time ambitious) goals.

Setting goals for your poker bankroll building project is equally as important as the initial planning. Without goals you’re destined for failure. They are what will keep your motivation up and give direction and meaning to your projects. Be ambitious but realistic when setting your goals. Building a large enough bankroll to pay for your dream holiday for example, is in my opinion an ambitious but realistic goal. Make sure that the goal is something you really want. Often this is not the actual money itself but the stuff we can buy from it.

Do not carry out your poker bankroll building project without motivation

If you take care with your planning and choice of goals you should not experience long periods with lack of motivation during your poker bankroll building project. Short spells of low motivation however are unavoidable. I have often found that blogging about my poker bankroll building projects has helped me keep my motivation high. Therefore consider starting your own blog about your project or find a forum with equal minded poker players to share your ups and downs with.

Do not carry out your poker bankroll building project without discipline

Here’s a great definition of the concept discipline:

…..persistently act in the direction of a goal regardless of external adversity or internal state.

Many associate discipline with pushing yourself hard to achieve a certain goal. But this is not the way to succeed in the long run with any challenge especially Bankroll Management. To succeed it is essential to maintain the joy of playing poker. Discipline in this context is the ability to persistently act in the direction of a goal regardless of adversity and the emotional state while keeping in mind that you are doing it because it’s fun.

Discipline is what will keep you on track in your poker bankroll building project with regards to bankroll managements and avoiding tilt. In my opinion you will never succeed in a poker bankroll building project if you do not have discipline.

Do not carry out your poker bankroll building project without proper bankroll management

Bankroll management can be defined as:

………the continuous adjustment of your playing limit according to the size of your Bankroll while factoring in your poker skills and the level of risk you are willing to take.

Obviously this is important. Without proper bankroll management you run a high risk of ruin. In addition if you do not use bankroll management you might not realize that your bankroll is large enough to move up in limits.

There are a few rules of thumb regarding bankroll management, but I recommend you do your own research here because there are a lot of different opinions on this subject.

• For No limit cash games your bankroll should be 20-50 times the maximum table buyin on the limit you play.
• For SNG’s I would say your bankroll should be 40-100 times the buyin you’re playing
• For MTTs (multi table tournaments) you will need more than 100 times the buyin you’re playing (the reason for this, is that you due to the large playing fields in MTTs will not win them nearly as often as SNGs

Do not play at a poker room without a rakeback or bonus deal

Having a rakeback or bonus deal while you play will add $$ to your bankroll building project while you play. So there’s really no reason not to sign up through a rakeback site and get this added value. If you’re a break even player against the opponents on your limit, a rakeback or bonus deal will ensure that your bankroll continuously increases. Since anyone can become an affiliate of a poker site and start promoting rakeback and bonus deals, there is almost no end to the number of online poker rakeback pages available today. If you decide to get a rakeback or bonus deal for your poker bankroll building project, I recommend you check out PokerBRB.com. Here you’ll get better than average deals and the added benefit of a free online poker tournament and freeroll league.

Do not play poker outside your poker bankroll building project

This point on my list might sound strange to some of you, and I’m not even sure I agree with it My thought was that if you lime me play poker with your friends once in a while, chances are the stakes will probably be higher compared to your poker bankroll building game. I have a poker buddy and during our poker weekends I usually spend more $ in tournament buyins than I would during two months, when I just play alone. If you’ve just paid 200$ to play in one of the large Sunday tournaments, won’t the transition back to 5$ SNGs be difficult? As I wrote earlier, I’m not sure about this one, so any input from you guys reading this article would be greatly appreciated.

Do not go on tilt

This is a no-brainer. You tilt, you loose. So don’t do it. There are thousands of online articles giving good advice on how to avoid tilt. I like to throw my water bottle through our living room, but I don’t know if that will work for everyone.

If you go broke do not start a new poker bankroll building project before you’ve analyzed what went wrong in you first attempt

Did you play outside your profit zone? Did you lack poker skills in the games you played? Did you lose motivation?

Find out what you did wrong and learn from it so your next poker bankroll building project has a higher chance of success.

Thanks to Anders and JGiles for providing some of the material for the list.

You could be posting your articles on the Poker Bankroll Blog. Read all about it here.

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Tags: Poker Articles, Poker Bankroll Building, Poker Top 10 Lists

Poker Bankroll Building on a stake deal_update 2

Wednesday, November 25th, 2009 | Poker Articles, Poker Bankroll Building | 3 Comments

I have started a stake deal with my good friend Artur. The deal is that I provide a starting bankroll of 2000$ and when he reaches 5000$ I receive 3000$. I have chosen to see the deal as a bet where I get odds 1.5 on my stake. Since I think the probability of success is more than 67% the EV on my bet is above 1. If you are a gambler you always take bets with an EV over 1

Here are some more details:

• Limits 0,5$/1$
• The project will obviously stop when the bankroll hits 0$
• I cannot pull out of the deal unless the bankroll reaches 5000$
• The daily running stop loss is 300$. This for example means that if the daily profit hits 600$ then Artur has to stop playing if the daily profit drops to 300$
• Rakeback goes back into the bankroll
• I receive weekly updates which I will post here

One month update

We are down to 1150$ which is obviously not good. Artur took a break from poker about 11 days into the project but unfortunately it did not change his luck.

Key hands; big pots lost where we were ahead:

• 330$ pot all in preflop with KK vs QQ vs 910. Flop is 10 10 6

Tags: Poker Articles, Poker Bankroll Building

Poker Bankroll Building on a stake deal_update 1

Wednesday, November 4th, 2009 | Poker Articles, Poker Bankroll Building | 1 Comment

I have started a stake deal with my good friend Artur. The deal is that I provide a starting bankroll of 2000$ and when he reaches 5000$ I receive 3000$. I have chosen to see the deal as a bet where I get odds 1.5 on my stake. Since I think the probability of success is more than 67% the EV on my bet is above 1. If you are a gambler you always take bets with an EV over 1

Here are some more details:

• Limits 0,5$/1$
• The project will obviously stop when the bankroll hits 0$
• I cannot pull out of the deal unless the bankroll reaches 5000$
• The daily running stop loss is 300$. This for example means that if the daily profit hits 600$ then Artur has to stop playing if the daily profit drops to 300$
• Rakeback goes back into the bankroll
• I receive weekly updates which I will post here

Second week’s update

As you can see the project is off to a slow start. Hopefully the pots will start rolling our way soon. Artur is very dedicated to the project as demonstrated by playing a session in the emergency room before it was his turn to get stitched up.

Key hands; big pots lost where we were way ahead before the river:

• Lost 200 with AA vs 10J on a 10 high flop. Our opponent called big bets all the way to the river to hit his runner runner flush
• Lost 200 where we hit K high flush on turn but lose to A high flush on river

Tags: Poker Articles, Poker Bankroll Building

Poker Bankroll Building on a stake deal

Sunday, October 25th, 2009 | Poker Articles, Poker Bankroll Building | 5 Comments

I have started a stake deal with my good friend Artur. The deal is that I provide a starting bankroll of 2000$ and when he reaches 5000$ I receive 3000$. I have chosen to see the deal as a bet where I get odds 1.5 on my stake. Since I think the probability of success is more than 67% the EV on my bet is above 1. If you are a gambler you always take bets with an EV over 1

Here are some more details:

• Limits 0,5$/1$
• The project will obviously stop when the bankroll hits 0$
• I cannot pull out of the deal unless the bankroll reaches 5000$
• The daily running stop loss is 300$. This for example means that if the daily profit hits 600$ then Artur has to stop playing if the daily profit drops to 300$
• Rakeback goes back into the bankroll
• I receive weekly updates which I will post here

First week’s update

Key hands, 100$+ pots

• Lost KK vs AJ all in preflop, 189$ pot
• lost 88 vs Q3 on a 43383 board, 100$ pot
• lost A9 vs AQ on a AQ69 board, 200+$ pot
• Lost QJ vs Q9 vs 76 on a K10x board. Turn completed Q9’s flush, 212$ pot
• Lost K5 vs K8 on a K83 flop. Didn’t hit the flush. 221$
• Won 22 vs AJ on a AK2 flop, 120$
• Won 88 vs KK. Flopped trips. 200$ pot
• Won QQ vs J8 on a 8J5×5 board, 200$ pot
• Won AA vs Q9 on a AQ89 board, 200$ pot

Tags: Poker Articles, Poker Bankroll Building

The Major Styles of Playing Online Poker

Sunday, July 5th, 2009 | Poker Articles, Poker Bankroll Building | 3 Comments

Submitted by Julia Stanlie, this article belongs to the Poker Bankroll Building series

Julia Stanlie’ represents the Dozen Poker site. The site offers the Top Coverage as well as the Worse Coverage of the poker game.

Online Texas Hold’em Poker players can be classified according to four different styles of play, namely:
•    Loose Aggressive
•    Tight Aggressive
•    Loose Passive
•    Tight Passive

The words, Loose and Tight describe the number of hands the player will actually play, whereas the words Aggressive and Passive define the betting strategy of the player.

If you are familiar with the playing styles in your online poker game then it could probably help you combat their game and actually beat them. Following is a brief summary of each of the playing styles:

Loose Aggressive: A loose aggressive player can be easily found at the online poker game. They usually bet frequently and bet big preferring to go all-in. Such players are difficult to be judged because  it is clear that he may not always have the best of cards but how to identify when he’s bluffing?

Tight Aggressive: A tight aggressive player only bets when he has good cards. And so he is the diametrical opposite to a loose aggressive player. These players will hardly ever bluff. If this player gets a good hand he will place a big bet and keep the betting action going.

Loose Passive: These players are always keen to see every hand but are not prepared to be a part of the betting. They usually call small to medium bets  but won’t commit to a hand by raising bets.

Tight Passive: Such a player hardly gets involved in the game and you would probably question why he is there at all. These players usually fold all but the best hands. Even if they get a good hand they will rather call than bet.

Among all the styles mentioned above, the tight aggressive is considered to be the best. It requires the player to be patient but actually pays off in prize money at the end of the game.

Tags: Poker Articles, Poker Bankroll Building

Watch the pros, become a pro

Tuesday, April 21st, 2009 | Poker Bankroll Building | 1 Comment

Submitted by Charlie, this article belongs to the Poker Bankroll Building series.

Who doesn’t dream of living the life of a poker pro? Just playing your favorite game all day and experiencing the lifestyle of the rich and the famous… Well it’s certainly not easy to reach such a paradisaical existence. But it’s possible if you have loads of patience and the ability to learn from the best.

So how do you really become a poker crack? Well, of course reading some books about mathematics, picking up reads from your opponents, tricks to mix up your play and several other tactics are a good start. But the most important thing comes after this work is done: watch the best players transforming this wisdom into real life situations. Finally, play poker by yourself and… play a LOT.

You can watch poker everywhere you want nowadays. If a show like High Stakes Poker or Poker After Dark isn’t aired on TV, you’ll find it on youtube or on poker blogs, where the fragments are frequently commented by amateur poker players, trying to learn from the pros, just like you! However, pay attention: those shows obviously make use of some kind of hand selection, so learn how to make such moves, not to make such moves every hand you play by yourself!

Subsequently, you can start playing poker. You can start with play money, to optimize you skills without having any money on the line. However, the real game is played in it’s best form with real money. If there isn’t a good home game in your neighborhood and you’re a little scared of playing in the casinos immediately, you can start playing online. In that case you better choose quality poker rooms like Full Tilt Poker or PokerStars.

Best way to start building up a bankroll here is playing some tournaments with low buy-ins, so you can get used to the software and the game itself. Later on you can raise the stakes and possibly start playing cash games, the ‘real’ poker game. If you decide to play some ‘live’ games afterwards, you’ll have to pay attention to ‘new’ aspects of the game you won’t really experience during playing online. People will for example try to get you on tilt, like Sammy Farha tried in High Stakes Poker during his clash with Phil Hellmuth. Try to avoid this to happen, if you succeed you’ve a better chance of becoming a real poker pro! Good luck at the tables!

You could be posting your articles on the Poker Bankroll Blog. Read all about it here.

If you’re looking for a free poker bankroll, check out our review of PokerRoomSchool.

Tags: Poker Bankroll Building

Multi-Table or Move Up?

Thursday, April 9th, 2009 | Poker Articles, Poker Bankroll Building, Poker Strategy | 12 Comments

Submitted by Jerry, this article belongs to the Poker Bankroll Building series.

One huge advantage online poker has over live poker, aside from the valuable poker bonuses, is that online poker rooms allow you to play on more than one table at once, also known as multi-tabling.  Multi-tabling, for all intents and purposes, is why so many poker players are able to make a living playing online.  

Players typically begin multi-tabling after they have been beating their usual game for a while and want to embark on a quest to increase their win rates.  Some players who have beaten the games at one level, however, decide to just move up a level and continue playing a single table.  Why would someone multi-table to make more money rather than just move up, you ask?  After all, it seems like it would be harder to concentrate on more than one game, right?  

More Money, Less Stress

It is perfectly logical to think that if you are beating the games at a certain limit then it makes sense to move on up and start making more money at a higher limit.  For many players, this makes sense and works out great, even if there are some growing pains that come from moving up.  But with higher stakes comes greater variance – winning sessions pad your bankroll more than before and losing sessions shrink it faster.  

Therefore, the way to achieve a similar hourly win rate at lower stakes as you could at higher stakes games (let’s assume you would be a winning player if you moved up), while keeping the swings at tolerable levels is to play multiple tables.

I know I am about to oversimplify things, but, frankly, I don’t particularly feel like diving into much more than “Are You Smarter than a Fifth Grader” math right now.  Say you make five dollars per hour playing one table at your usual stakes.  If you move up to the next level, you feel that you could make ten dollars an hour.  Or, you could add another table of your usual stakes and now make five dollars an hour twice.  Add another, and you’re at fifteen dollars per hour total.  Magic!  Of course, your profitability will likely take a hit as you add tables (more difficult to process information and play optimally), so that hourly rate won’t be quite five dollars at each table, but if you play three or four tables simultaneously, chances are you can make more money per hour than you could at one table at higher stakes.  As an added bonus, your variance will not increase.  In fact, it may actually decrease, as you can offset a poor session at one table with a good session at another.

Plus, even if you feel you can make a profit if you move up, you may simply be more comfortable staying where you are.  And there is nothing wrong with that.  Poker is still a game, even if you can make a living playing it, so you might as well enjoy what you are doing.
 

Fringe Benefits

Another benefit to multi-tabling instead of moving up is the increased rakeback that you can earn.  Regardless of how well you do on any given day, rakeback will provide you with a relatively predictable stream of income.  If you play more than one table at a time, you have more than one income stream.  Again, going extremely basic on the math, if we assume that the pots, and thus the rake per hand, will double if you move up one level (obviously, we can’t assume this, but please humor me), you will earn the same rakeback at two tables of your usual level as you would at one table of a higher level.  Throw in a couple more tables, and now your rakeback is doubled.  This will help lower your variance even more, as your rakeback income can make up for a bad session.

One additional advantage to multi-tabling is that if you use poker analysis software, such as PokerTracker, you will be able to gather more data than you would be able to at a single table.  The more data you have on yourself and your opponents, the more accurate analyses you can make on your game and theirs.

Make it Interesting

For many players, playing one table is simply boring.  At least when you play live, you can talk to your table mates in between folds.  Online, you are just staring at a screen, twiddling your thumbs.  Sure, you can surf the internet, watch television, or do your taxes, but if you have that much time to concentrate on those things, you might as well not even play poker, since it sounds like it isn’t too exciting. Multi-tabling allows players to always be involved in a hand, to always have a decision to make.  It’s just more interesting for many people.  Besides, what better way to put your huge LCD monitor through its paces?

Remember, the more tables you play at once, the less you will be able to concentrate on a single game.  You won’t have as much time to process information and will have a harder time coming up with tricky plays.  You will need to constantly evaluate how multi-tabling affects your game and determine when adding another table hurts your win rate too much.  If you have to, move down a level when trying multi-tabling for the first time in order to acclimate yourself to your new way of playing.  Whatever you do, make sure you find the right balance between fun and profitability.

You could be posting your articles on the Poker Bankroll Blog. Read all about it here.

Tags: Poker Articles, Poker Bankroll Building, Poker Strategy

Stake deal

Tuesday, March 31st, 2009 | Poker Articles, Poker Bankroll Building, Poker Projects | 6 Comments

This article belongs to the Poker Articles series.

I was approached the other day by my good friend MaddyUK who wanted to discuss a possible online poker stake deal. Maddy has previously grinded 1/2$ shorthanded cash games with good success and I know him to be an extremely disciplined player so obviously I was interested to hear what he had to say.

Turns out he is highly motivated to get back in the game but hasn’t started due to a lack of necessary funds to start up an online poker bankroll. Maddy’s timing was perfect since I have 1000$ of risk capital lying around perfectly suited for an online poker stake deal.

Here’s what we agreed on:

Starting bankroll: 1000$

Revenue share: 50/50 for the 1000$-6000$ profit interval

Limits:

• 1000$-1500$ :  0,25/0,5. If the bankroll drops below 500$ the project is stopped. Between 500$ and 1000$ Maddy will continue to play on the 0,25/0,5 tables.
• 1500$-3000$ : 0,5/1. If the bankroll drops to the interval 1200$-1500$ Maddy will continue on the 0,5/1 tables. If the bankroll drops below 1200$ he will move down to the 0,25/0,5 tables.
• 3000$-  ?           : 1/2. If the bankroll drops to the interval 2400$-3000$ Maddy will continue on the 1/2 tables. If the bankroll drops below 2400$ he will move down to the 0,5/1 tables.

Daily stop loss: 2 full buyins at any given level

I would not recommend people to do stake deals unless they know the person they will be staking really well. I have known Maddy for more than 20 years so there are no trust issues whatsoever.

You can follow the progress of the bankroll building project on Twitter (pokerBRBblog and MaddyUK) and I will also post regular updates here.

Wish us luck:-)

You could be posting your articles on the Poker Bankroll Blog. Read all about it here.

Tags: Poker Articles, Poker Bankroll Building, Poker Projects

Poker Bankroll Blog’s Fulltilt SNG and MTT tournament bankroll building project

Monday, February 9th, 2009 | Poker Articles, Poker Bankroll Building, Poker Bankroll Management, Poker Projects, Poker Tournament | 9 Comments

This article belongs to the Poker Project series.

To celebrate our new collaboration on the Poker Bankroll Blog and PokerBRB sites, McTap03 and I have started our own bankroll building SNG and MTT (multi table tournament) project on Full Tilt Poker. Our starting bankroll is 150$ and we will be posting regular updates on our many wins and hopefully fewer losses.  It goes without saying that we expect our bankroll to increase significantly in no time.

 Here are our rules for bankroll management and sharing of winnings

• We will start playing SNG’s and MTT’s with 5$ buy-ins or less. If we play re-buy tournaments, we are allowed to re-buy up to a total buyin of 5$.
• Each time we double our bankroll we will add another buy-in level
• All levels must be played for 1 week before moving up. This avoids any *rush* playing (where you only move up because you are on a winning rush), and allows some time to get use to the current level. Weeks start Monday morning.
• All SNG winnings will go to boost our bankroll.
• MTT winnings will be shared according to the scheme below with the winning player getting the bigger amount:

- MTT winnings below 100$ will go to boost our bankroll

- MTT winnings between 100$ and $500 will be split 45/45 and 10% to the bankroll. 

- MTT winnings between $501 and $1000 will be split 55/35 and 10% to the bankroll.

- MTT winnings between $1001 and $2500 will be split 60/30 and 10% to the bankroll.

- MTT winnings between $2501 and $5000 will be split 70/20  and 10% to the bankroll.

- Anything higher than that will be split 80/10 and 10% to the bankroll.

Winnings can be withdrawn when agreed upon by both of us.

Our screen name is ‘pokerBRBblog’ and our motto will be “Embrace the risk” which hopefully will make Mitchell Cogert proud of us:-)

Wish us luck!

Mark and McTap03

Tags: Poker Articles, Poker Bankroll Building, Poker Bankroll Management, Poker Projects, Poker Tournament