hypothetical

letès say I have bankroll for 50nl but not quite enough for 100nl(1500). Is it ok that I take shots or should I wait to get 20bi?

What if I have 100%rb? Can I move up with less br?

I would start taking shots with 20BI but not move up til im 50BI but Im a bankroll nit.

And a forum member with discipline. Well worth noting

Actually

You can do anything you want. There is no rule saying you can't play any stake you want, provided you have enough for the minimum buy-in.

Good BR management suggests a 20BI minimum before playing at a stake.

My recommendation is that if you want to play at a higher stake than good BR management suggests,,, then have a VERY good reason. A known whale that you beat at your regular staking level playing at a higher level is a good reason.

I've hit a wall and managing to breakeven at 50nl so far. I feel like my game is better than it was and I am spewing here and there. The regs are easy to read but the cards are killing me right now. The fire is gone.

I can move down if i lose 5bi.

Of course you can take shots! Just bear in mind that doing so can increase your risk of ruin.

Getting 100% rakeback means you are effectively paying no rake, and your win rate is that much greater. If you were doing full risk-of-ruin or Kelly-Criterion calculations, you would find that your RoR and Kelly bankroll were smaller.

NB: The 20 buy-in number is a rule of thumb based on an idealized "typical" winning player who plays at a Kelly factor of 0.3. Pros who actually live off their bankrolls play more at Kellys of 0.1 or even less, and keep bankrolls of 60 buy-ins, or even more.

Alan, please explain Kelly to the Beginners Questions readers

I'm going to read more about this. thanks

This

I missed a factor and needz to know it plox

EDIT sok im fast on google ty for the knowledge ups

I think you cant take shots if you feel confident!

Good luck!

Way i have always seen shot taking. If you have 3 BI for the shot take above the BR you set for your current level take a shot and see. But if you lose the buy in get back to the level you can beat. As long as you dont cut into the BR you have worked on at the level you can beat then profit can be taken as a free roll to taking a shot at a higher level or a MTT.

I use 20% of profit for MTT and qualifier shots and the other 80% goes to increasing roll so i can take a shot here and there.

Make it a shot with a serious effort not just "I took a gamble and flipamented it"and be prepared to keep grinding at your beatable level and all will be good. Also make sure your shots are taken when you feell you are sharp prepared and have no interruption.

Youll be golden and unstressed by it that way GL

http://lmgtfy.com/?q=kelly+criterion

Personally I wouldn't use this as a reason to move up. I don't know how large your sample size is at 50nl, but not being able to 'win' at that level shouldn't be a reason to move up imo. Also "the cards are killing me right now" isn't the kind of thing you want to hear round here. We all know and embrace variance, don't we?!

You have your 100% RB (love to know where!) so yes you're making money i'm guessing, but its easier to learn from your mistakes at lower levels and improve your game there than at 100nl+.

At the very least I'd say stick to the 20bi rule as discussed. It won't take you that long to reach with ur RB deal surely?

Of course, you can go for it, reach for the stars......if you can afford to lose your stake. If you can't then exercise proper BR management and don't gamble with more than you can afford.

Maybe spend a while here on 2+2 and see what you can pick up to improve your game, maybe post a few hands where you find yourself running into trouble time and again and you'll get the fire back because you'll be improving your game and hopefully winning more!

Gl

This is pure gold. Give the man a title.

LOL