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23 June 2008 - by Brainmaker
  
Bankroll management for online poker players using pokerbrains.net profiles.

Proper bankroll management is key to make money with online poker.
  
Bankroll management for online poker players is very important but it is even more important for poker players using profiles in support of their play. The needed bankroll for profile players could be far less then playing without a profile. This applies only when the profile is playing better poker then you do. If you are new to poker and learning out the game this is most likely true. Provided you use a decent and tight profile. However, the bankroll needed with using a profile compared to an experienced poker player is much higher, twice as high. An experienced player is able to adapt to the recent situation more swiftly and exploit it to his advantage. Meaning he makes better winning plays which lower his negative variance thus decreasing his bankroll needs. The profile player has to stick in principle to the profile decisions. If you use a bot to play, the bot will do it relentlessly anyway. As an example, the experienced player notice that his immediate right player is raising again and again because he is on tilt. The expert player adapts and re-raise with his A9 suited to isolate him for instance. The tight profile will tell you to fold again. Leaving some profits on the table. The more you are able to make, the lesser your downward swing will be. Higher positive ev (expectation value) translate also in lower variance. On the other hand if you are not an experienced player yet and are smart enough to use an profile the opposite situation will protect you from playing on tilt and thus needing a much lower bankroll then the newbie player starting out in poker. Another important thing is that having the right bankroll keeps you in the game and to come back the next day and play again. If you are playing poker as a business, you should never risk going broke. No matter what or how great the game is. If it is too high for your bankroll to withstand a big loss it will put you out of action. No matter what, do not go broke so you are forced to play lower limits that you were capable of. This is costing you so much by fighting back on lower limits that this one time higher limit shot for a bigger win is not worth it. Never ever go broke! This is even truer for the profile player. The experienced player, if he went broke (How experienced was he?) could get a job or do something else to make money again. Your profiles, your software tools, your hardware, explicitly bought for your poker profiling play could not do that. It is sitting duck on your hard disk waiting to get back into action again but you deprived him from doing that to make money for you. How depressing for him and you that is!

The bankroll is also important to make it possible for you and your profile to continue playing and to understand and be able to rational accept that the short term negative results are just that, short term. With the proper bankroll you can continue to play on the limit you are playing and are not forced to play lower. Just when it is your turn that the cards are running your way and the profile is knocking this inside str8 chasers to pulp you were forced to play 0.05ct limit because you failed to keep the financial management of your poker business healthy.

As a profile player you have to have your bankroll grow to start playing even more tables at a time with the profile and associated tools or move up in limits to get even more profits per hour out of the profiling play, the investment in your software tools and hardware. The profile player wants to expand his business by using multiple setups playing several tables at once to play poker to the max! To get highest r.o.i (return on investment) out of his tools and time.

So what should the bankroll be then?
Considering you are using decent tight profiles like Grinder or similar profiles out there or profiled by yourself we can use the well known and accepted rule of thumb that 350 times the big bet for experienced players would be adequate enough. For profiling play this must be multiplied by two which brings it to 700 big bets. Maybe this looks like way too much. The more, when you look at the below charts of some profilers have experienced during their course of playing profiled poker. But these players are experienced players. They learned a lot and paid a price for it during their learning process. But because they maintained the healthy bankroll approach they came out ahead and had money to invest in more and better software and hardware. Installed multiple systems and let their business grow. That is what you should aim for also as a professional poker profiler. Oh, before I forget. The above mentioned bankroll requirements are for full ring games (8 minimum). If you play 6-handed games or H2H games your fluctuation will increase a lot. Six handed for an experienced player will be around 500 big bets. Heads up play will be around 1000 big bets! You might think or heard other experienced players say that this are way too high numbers. Trust me on this one. I played for 10+ years poker now and see them come and go. I got friends telling me that some of the better players out there in the online poker business are on a loosing streak for six months now and are down $ 35,000 playing 30-60 short handed and H2H! But they keep on playing their AAA game confidently. You know why? Because they have the proper bankroll management to keep on playing. Meaning they do not have to go down on a lower limit to make twice as much hours to get back on their feet.

BrainMaker
www.pokerbrains.net

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As an professional pokerplayer for over ten years I have seen come and go the wannabee poker professional in the card rooms all over the world. Despite I have noticed some good players who could make it, most of them failed for one reason. Playing too high stakes without the money to sustain the short term losing streaks. When you are broke your out.

Source: http://www.pokerbrains.net