300BB Feedback and NL Stop-Loss
I'd like to thank all those who commented on my previous post.
I think the key is not 300BB but how many buy-ins you've got in reserve. 40 buy-ins does sound like overkill, but if having that much allows someone to play comfortably at a higher level (and not play like scared money), it's the way to go.
Talking about the future is nice, but I still have some cash to add before I consider moving up. It's likely that $600 isn't enough cushion for a $50 buy-in game. We'll see how I feel when I get there. Hopefully, I'll revisit this topic when I move up (or up, then back down). What's the appropriate level for me to play? $500? $750? A grand? The answer to this will have something to do with how big a step it is between the $25 game and the $50 game, and how quickly I can adapt to the game and become +EV at that level.
Stop-loss for NL isn't a hard and fast rule for me, but it goes like this. In home games, I allow myself 3 buy-ins. If I bust out 3 times, I usually take a little walk and consider if I'm in the proper mental state to try and get my money back. Normally, the home games I play in are loose and wild, so getting busted is normally a case of getting outdrawn rather than outplayed. Playing smart poker is a winning proposition over the long term.
Action moves faster online, and it's a little tougher for me to sit out, walk away from the computer, and clear my head (though I have found that penny pot-limit Omaha is a nice way to do just that). It's also tougher for me to assess whether I've run into a tough game. I've quit online ring games on two different occasions, down 2x the buy-in, because it just felt smart to stop playing. Online, the point at which I seriously ask myself if I should continue is 2x the buy-in. If I buy in the third time, I really need to have a good read on the opponents who can double me up.
2 Comments:
Yea, Hank had commented on another post somewhere else that the 300BB rule is misunderstood...and since you had asked this question, it was on my mind, so of course I was a pest and asked him how so.
He said that really it's more of; when you hit a downswing, 300BB is what you can expect that downswing to be. So...unless you want to risk losing your entire roll in a downswing, it would be best to play with something above 300BB. Make sense?
(Hopefully I did some semblance of justice to Hank's explanation)
Makes sense to me. Thanks.
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