How much money to keep in your account

[vegas]

Let's say you primarily play single table tournaments. How much money should you keep in you account to help with the "normal" swings. For this example let's assume you play at the 30+3 level.

[Happy Extinction]

If your EV is positive (of course it is), you should keep around 25x the buy in.

So if your average buy in is between $30 and $50, keep around a $1000 and you should have plenty of comfort. I would say absolute min for $30 buy in would be $600 or so. This assumes you really don't want to put $$ in. If you just want to get going, $200-$300 should do it for $30 buy in. My worst swing out of my last 100 Sngs was 10 out of the money and it was flukey.

JMO and not based in statistics.

Actually, I was thinking of fitting a curve to my last 100 Sngs to find a confidence interval, but I think someone already did that on this forum.

[vegas]

If your EV is positive (of course it is), you should keep around 25x the buy in.

Wow, I didn't expect it to be that high.

[MNBridge]

I plan on keeping $3000 in mine each month. I play $100 Sit and Go's (on weekends) and $50 (during the week).

I think I may be conservative here but I really don't want to take out and then have to put in right away.

[vegas]

$100 Sit and Go's

?Is this a single table tournament?

(excuse my ignorance of the lingo)

[MNBridge]

$100 Sit and Go's

?Is this a single table tournament?

(excuse my ignorance of the lingo)

Sorry yes. Also referred to as SNG's

[Happy Extinction]

If your EV is positive (of course it is), you should keep around 25x the buy in.

Wow, I didn't expect it to be that high.

Don't get me wrong. I have played a $30 Sng with $34.50 in my account and no intention of funding the account anytime soon. (got 1st place too)

Do whatcha like

[Hummer]

Good post.

I've been thinking about this too. I try to take out 2/3 of my winnings each month in excess of X (some months that's $0). The problem has been knowing what X is. Since I rarely go above $50 sng tourneys, I'm comfortable having $1,000. One thing I have noticed, though, is that I tighten up the cracks in my game when I get below X. I've considered using this to my advantage and withdrawing money periodically to keep having to get back to X.

On another note: I must apologize to all PartyPoker players that I've checked in on while playing. It seems like everytime I open a table to see how one of you is doing, you go bust a few hands later. I must be the kiss of death. I resorted to not saying anything, but that doesn't seem to make a difference. :-?

[MNBridge]

Good post.

I've been thinking about this too. I try to take out 2/3 of my winnings each month in excess of X (some months that's $0). The problem has been knowing what X is. Since I rarely go above $50 sng tourneys, I'm comfortable having $1,000. One thing I have noticed, though, is that I tighten up the cracks in my game when I get below X. I've considered using this to my advantage and withdrawing money periodically to keep having to get back to X.

On another note: I must apologize to all PartyPoker players that I've checked in on while playing. It seems like everytime I open a table to see how one of you is doing, you go bust a few hands later. I must be the kiss of death. I resorted to not saying anything, but that doesn't seem to make a difference. :-?

Actually I think I did well while you were there and went bust soon after you left. Or did you watch the crash and burn?

[FSAme]

Good post.

I've been thinking about this too. I try to take out 2/3 of my winnings each month in excess of X (some months that's $0). The problem has been knowing what X is. Since I rarely go above $50 sng tourneys, I'm comfortable having $1,000. One thing I have noticed, though, is that I tighten up the cracks in my game when I get below X. I've considered using this to my advantage and withdrawing money periodically to keep having to get back to X.

On another note: I must apologize to all PartyPoker players that I've checked in on while playing. It seems like everytime I open a table to see how one of you is doing, you go bust a few hands later. I must be the kiss of death. I resorted to not saying anything, but that doesn't seem to make a difference. :-?

You must have seen me last night then. Miserable night.

[vegas]

On another note: I must apologize to all PartyPoker players that I've checked in on while playing. It seems like everytime I open a table to see how one of you is doing, you go bust a few hands later. I must be the kiss of death. I resorted to not saying anything, but that doesn't seem to make a difference. :-?

Thanks, you owe me $500. ;)

I can see this actually being issue for some amateur players, like myself. I tend to play different when I know I am being watched by someone I know (in this case, any RF poster I consider someone I know). I think this results from the fear of someone knowing that you made a mistake.

In one tournament I was rolling along nicely when it got down to 5 players. I was the chip leader and was in the BB (100/200). I saw my nice 7 2o and immeditaely clicked "fold to any bet". The first person to act only had about 500 in chips. They went all in and everyone folded to me. Of course I was folded as well. Now, 72o is not a calling hand, but given that I had a ton of chip and it only cost me 300 to try to catch something to beat one that was all-in, I should have called. I new it right away, and so did everyone else at the table. It affected my play the rest of the way.