In this final part then I am going to be taking a look at fluctuating bankrolls, why they are important and what this actually means.
Let us say that you want to play NL50 and all you have at your disposal is a grand. This allows you 20 buy-ins at that level!
Ideally you should play lower and have more buy-ins but you decide to be a little adventurous. Now if this is the first time that you have played poker then you have something of a problem.
Play Within Your Bankroll
This is because you do not know as yet if you can actually beat this level. Each buy-in represents 5% of your total bankroll size and that is a pretty decent percentage to start with.
However you cannot play down to the felt and blow all of your bankroll before you finally find out that NL50 is too tough.
Also you absolutely cannot do this if this money is all you have for poker. So let us say that you lost $250 at the outset……is this bad luck or bad play?
Well if you don’t know the answer to that question then the mere fact that you are asking it at all indicates to me that the likely answer is that it is bad play.
Don’t Be a Loser
So if you are losing money then bad play should be the first reason that you arrive at when searching for an answer as to why it is has happened.
- So the mere fact of losing money means that you should be reducing your position size. I would advise not losing more than 25% of your bankroll before moving down.
- So at NL50 and NL100 then I would be looking to drop down to games and have 30 buy ins at that new level.
This allows you to stay in the game and then if you keep on losing at NL25 then I would stomach that until my bankroll dropped to say five hundred and then I would drop down to either NL20 or even NL10 and learn my trade before I considered moving back up.
You may find that the pivot point in regards to your optimal level may just fall between NL20 and NL50 where you can beat NL20 quite well but you cannot beat NL50. But only moving up and down through the levels allows you to see this.