Bankroll
Posted by dumitru gazetovici
Posted by
dumitru gazetovici
posted in
Low Stakes
Bankroll
What sites would you play?what limits omaha? Why play there and how many sessions a day.
Thanks.
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Anyway with 1k i would start playing plo10 for learning the game and switch plo25 when I fell confortable playing omaha.
I would not play on pokerstars if you're not supernova. Rakeback is important at micro because you will pay a lot of rake so starting at micro on PS mean you will don't have rakeback for few months.
For the last question nobody can answer it.
50%++ Rakebackdeal is super important.
When you're playing to learn you have the freedom to table-select-like-crazy, 1-table, or move down whenever you want. Unlike a professional grinder who always needs to consider his hourly. You can take your sweet time with everything and this gives you better control over win rate and variance.
Warming up at $10PLO sounds like a good idea with $1k. Once you're convinced you beat $10PLO, you can start shotting at $25PLO. I'd want at least 50 BI for shotting at a level, and you should have a strict stop-loss limit when doing so.
For example, you could grind $10PLO until you have $1250, then take a 10 BI shot at $25PLO. If it fails, you move back to $10PLO and repeat the process until you succeed. Feel free to tweak these numbers, the important thing is to have reasonable BRM rules, and then FOLLOW THEM.
I play HU 0,50/1, 1/2, 2/4, 3/6. I can built up but in the long run i get even or loose. Cant seem to beat the rake on top i have to beat my opponents. I have considered to completely quit poker - it seems so hard for the time being. Anyone have any good ideas or comments..
Exactly how much you need is very win rate-dependent. Double your win rate, and your BRM requirements is cut in half. Let's say a 3 bb/100 winner needs 150 BI to have a sufficiently low risk-of-ruin. He could get by with 75 BI if he improved to double his win rate.
Use this BRM calculator to estimate how much you need:
http://www.evplusplus.com/poker_tools/risk_of_ruin/
Plug in winrate + standard deviation (from HEM or PT), your desired risk of ruin (say, 0.1%), and you'll get a bankroll estimate. The difficult part is of course to estimate win rate accurately from a limited sample size (standard deviation converges quickly, though). The long run is very long in PLO, so just be conservative to protect yourself. Like I said, if you're not sure you're winning at all, using a budget mentality makes more sense.
That's from the perspective of a professional player. If you play for a living you should be very risk-averse in your BRM decisions. This may not apply to your situation, but protect yourself regardless and be conservative.
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